Myth, Must or Maybe

There is a good book inside most of us, so can it earn us passive revenue?
Launching a new downloadable digital product such as an e-book or audio product requires just a few steps and you could cover costs with the contents of your swear jar (for light to moderate cursers).

Step 1: Create a Digital Product and build a website, blog or web page to promote this. You will need a page on your site dedicated to your chosen affiliate network.

Step 2 - Find an affiliate network where you can launch your downloadable product and expose it to affiliate resellers. A good example of an affiliate network is Clickbank, with over 100,000 active affiliates who could potentially promote your digital product for commission. Clickbank has its own reliable payment gateway that lets you and the affiliate reseller view all transactions. You can also turn the tables and become an affiliate promoting other vendors’ products from the Clickbank marketplace on your website. This involves just one shopping cart experience for your customers.

Step 3 – Load your product to the affiliate network you have selected. Provide your retail price and the affiliate commission you want to pay to the affiliates each time your product is sold via their link.  Average commission paid per digital product is around 60%.

Step 4 – Profit from your digital product sales. The affiliate network pays you per sale and your affiliates are paid commission automatically for each sale that occurs.

Step 5 – Measure the performance of your product, look at what worked well, find niches in the affiliate marketplace and plan your next book or digital product.

Oh, the swear jar money needed for this project is a one-time $50 activation fee.