I was talking to one of my team today, Andi, and we were discussing ways to make a few thousand pounds relatively fast.
The conversation was born from the Ch5 drama, The Catch, he was watching where a fisherman, played by Jason Watkins, was the target of a campaign of sabotage.
One day he found his fishing nets cut, then a few days later, someone had put salt water into the boats motor crippling the boat. A few days after that, he was hit by a fine for fishing ‘over’ his allowed quota.
The poor guy was simply trying to make a living in a world where prices were rising and he was only allowed to land a specific number of fish.
The sabotage to his nets and engine and the fine were going to cripple him. He was forced to find the money from somewhere and so he forged his mother-in-laws signature for a loan using her house (which he lived in) as security.
I’ve yet to find out what happens to the fisherman, I don’t think Andi has seen the whole drama yet, but what stuck with me was how rapidly things can go downhill if you don’t have enough spare money – or a way to make money fast – when you need it most.
I have talked about it a few times before where I have offered up several suggestions and ideas on how to grow a slush fund that can protect you when things suddenly go against you.
There is one way to make fast money which I haven’t yet talked about. This is for those people who create and sell their own digital products online.
In a previous article I have talked about offering your services for a premium price or selling a bundle of your information products to the people on your email list as a way to make a decent lump sum of quick cash… but there is something else you can do… sell licenses to your products.
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When you license your own products, you can charge up to ten times the sale price.
So if you sell an eBook for £47, you could license the eBook for £470. The license allows the buyer to rebrand it and sell it for themselves keeping 100% of the profits.
If you sell it with sales copy, graphics, bonuses and pre-written emails, you could charge more.
An eBook/video course that sells for £97 with a pre-written sales page, pre-written emails, cover graphics and a couple of bonus reports all in an editable format could easily sell for £997.
If you were looking for a quick £1,000, you’d only need to sell one or two licenses of your products.
For that to work, you need to have a decent sized email list which, as you will know by now, is something I recommend everyone to have.
You also need to create your own products, but that is a lot easier than you may think. You can always outsource the work to others then reap the rewards when you sell the products and licenses to those products to other people.
To learn how to make your own products that you can sell from anywhere between £2.99 and £997 go to:
www.The30DayTo30KChallenge.com
Kind Regards
John Harrison
PS… EBooks are not hard to create and there are no limits to how many you can create (have created) and sell.
The more eBooks you have listed on your website means you have a greater opportunity to earn more… it also means that you have more licenses to sell for a premium price.
Here’s that link again: