Behind the scenes with Internet Millionaires

Online business selling information products – Is it still worth pursuing?

YouTube made videos go wild, Amazon Kindle fueled the sales of audio books, iphone and facebook created a new apps marketplace and the story goes on and on. However the plain old method of selling ebooks online continues to grow exponentially year after year. And this is still one of the highly profitable online businesses that make money over and over. Look up the stats and you will find

Clickbank.com is the 205th most visited website online
ezinearticles.com is the 198th most visited website online
ehow.com is the 120th most visited website online

What’s all these stats? Well it proves just one thing that if you provide useful information people will come to you and gladly pay for the information. In fact the leading online websites follow this same information business model.

Google – what do they do?
They organize the worlds information and make it accessible and useful. In fact they have grown to be synonymous with the word “search”. These days nobody says go search online, instead people just say go “Google it”. All that Google does is condense a world of information and give you the information that is relevant and useful.

So companies large and small make a killing following the information product business model. Today anyone can start an online business publishing information / selling info products with little investment, a computer and the knowledge on how to solve a problem. And creating an information product isn’t hard either. You would be hard pressed to find any other business that comes close to helping you make money really fast working from home.

In fact you don’t even have to get into product creation. You can just be yourself and make a lot of money online. Check out Michelle’s YouTube channel, all she does is show how she does her make up and there are thousands of people watching those videos. And Google splits the money with her from the ad revenue on her channel. Technology sites like Gizmodo and Engadget sold for 10s of millions of dollars.

Looking at the examples above you may think that you are not a technology geek. You may not want to shoot a video of yourself either. However these are just examples and you can enter and dominate any market just selling ebooks. Think about this

Self help business does 13 billion dollars a year and grows by about 10% every year.
Personal coaching / business coaching market is worth a 100 billion dollars.

And that is just the tip of the iceberg. There is more than enough room for every one of us to start an online business selling information products. However the key to success is avoiding this ONE BIG MISTAKE that 99% of the people make.

And that is what we are going to talk about next.

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