How to Make Money Online Creating Your Own Products - Don't!
By Tellman Knudson

If you are new to internet marketing and you have been looking into how to make money online you have heard a lot of people tell you that you have got to have your own product. Well, if you are new and you are starting to think about creating your own product, the very first step is really, really simple--DON'T! I know what you are thinking right now..."Huh?? Did he just say "don't"? Yeah, that's what I said.

You should start thinking about product creation after you've made $100,000.00 online. Again, I will demonstrate my mind reading abilities and say I know what you are thinking, "Did he just say a hundred thousand dollars online????" I did, yes, I did.

Listen, I made eight hundred grand my first year online...and I get people coming up to me all the time telling me they'd like to do the same thing...and they can. That first $100,000.00 will be the easiest money you'll ever make in your life if you follow my instructions.

In my opinion, if you create your product first, it will be very, very challenging for you to make $1,000.00, $2,000.00, $5,000.00 or even $10,000.00 out of the gate. Unless you just happen to get lucky, which most people don't.

So, step one is wait until you've made a hundred grand...so you really have a solid feeling for the marketplace and what people out there are buying. You will also want to look at what other marketers are doing and selling, and look for things that you can do better...or places where you can improve the products that are already out there.

By waiting you can use what you have learned to provide value to people by giving them free information. If you didn't wait, you might have to put that information into your product. In exchange for this great, free info...people will have to opt in to your list. So now you are growing your list...which is going to make you lots more money than rushing to get your first product out there will.

While you are list building, you can sell other people's products. Products from people in the same market or industry...thus gaining a tremendously strong and powerful following that probably will trump the majority, if not all, of your competitors in that marketplace.

After you've done this, and hit that hundred grand mark...the information, knowledge, ideas, concepts, principles, and the inspiration that you have gained will now allow you to make a frickin' awesome product! You can capitalize on your experience and use it in some pretty massive ways.

Now you are not out there guessing what your customers might want, and hoping that they will buy what you create...you already KNOW what they want. When you figure out what it is that people want, and you provide that for them, you can build an awesome business. And that's really the name of the game in how to make money online...provide huge value...of content people want and make huge profits.

Tellman Knudson is CEO of Overcome Everything. He and his team at The Listbuilding Club are passionate about teaching others the ins and outs of list building and other internet marketing strategies. Learn more about how to make money online by visiting http://ListSpark.com/

Article Source: http://EzineArticles.com/?expert=Tellman_Knudson
http://EzineArticles.com/?How-to-Make-Money-Online-Creating-Your-Own-Products---Dont!&id=2378229