5 Reasons Every Business Owner Should Have an Information Product

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By frugalfamily

If you had two plumbers to choose from and one had written a book. Which plumber would you choose? Most people would want to hire the plumber who wrote the book even if they never read it.

Which Plumber would expect would charge more money for their services?

Reason #1 Expert Status

There is something magical about calling yourself an author, or holding up a CD that you created. You are instantly seen as an expert. When you are seen as an expert, you don't have to sell yourself or your skills and that can make business much better.

Experts can charge more for their services too.

Reason #2 Credibility

When you are confident enough about your skills that you put them into a product to share with others, it displays credibility. People who read your books or listen to your CD's have an easier time getting to know, like, and trust you. That means they will have an easier time buying from you.

Reason #3 Increase Your Business Presence

When you've written a book or released a CD or training program, it opens doors to other publicity opportunities. Radio, television and newspaper interviews could be right around the corner. Free publicity means free advertising!

Reason #4 Expansion into the Global Market

Where services need to keep their business local, books, cds, and training classes can be offered to people around the globe.

Reason #5 Multiple Streams of Income/Passive Income

Information products can generate income even when you are not actively working. Business owners who go on vacation often do so at the expense of an income but books and cds can continue to sell even when you are playing at the beach.

Creating an information product sets you apart from your competition by increasing your expert status and credibility. Every business owner should develop and market an information product as part of an overall marketing plan.

Like my Facebook Page and get more tips about making money in your sleep and effectively leveraging your time and expertise with information products.



Comments

NetBlots profile image

NetBlots 3 months ago

Always good to keep up with entrepreneurial hubs!

Casey Strouse profile image

Casey Strouse Level 2 Commenter 3 months ago

Info products are more useful for positioning yourself as an expert than as a vehicle for profit.

frugalfamily profile image

frugalfamily Hub Author 3 months ago

Thanks for commenting NetBlots. This can be true Casey, but multiple products can end up being a great stream in addition to a core business. It also depends on the product. A $17 dollar product will not generate as much income as a thousand dollar training course..or a $5,000 workshop.

frugalfamily profile image

frugalfamily Hub Author 3 months ago

Cahflows, your point is well taken and the subject of more hubs to come! I had to deny your comment because you included too many self-serving links. If you would like to repost with only one link to your website, please feel free to do so. Thanks very much for stopping by!

CashFlowsToo.com profile image

CashFlowsToo.com 3 months ago

I wrote it mostly off the top of my head. Don't have the original content to re-post it. Still learning about hubs. Again wish you the best.

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