When I start online marketing for affiliate products, my goal is to create my Product and promoting it with my blog. But I had no idea about who is my competitor and what is their Product, and what their Product is offering to the customer.
I had enough experience in my Niche. But I don’t know how to market the Product. Here I realized my product development idea was very poor. The main thing with creating the digital Product online is we need to know the promotion techniques also.
So first, I try to learn about affiliate marketing. It deals with how to promote a product online for a commission. Once you have learned the concept of affiliate marketing now, you can create a new digital product online.
The Product may be as simple as create an Ebook or Membership site. Based on Your technical skills and product promotion, and knowledge in a particular niche, you can choose your product type.
Nowadays, there is much talk about building a product in a niche and making a promising business start-up. So most online professionals focusing on creating own Product or promoting others products to make money. We need millions of people to make billion dollars in a niche.
Since I have created three different online products Thesis designer guide Ebook, Fourbloggerclub membership site and Fourbloggerskins theme development, I had some tips from creating new distal products.
When we start thinking about creating a new product, four things come to your mind as follow.
- Find the Product we need to create in our Niche?
- How to create the Product?
- Support People need to create a product
- How to Test the Product?
To identify the hot Product in our Niche, we need to do a proper market analysis. The market research helps you find the Product’s goal and find targeted peoples who are ready to buy the Product and some marketing strategies to sell the Product. Check market research strategies to launch the Product.
Create a product to be Specific for Customer
From the market research analysis, we know, It is very complex to create a single product for the broader range of customer. So be specific on finding the targeted people for selling our Product. We need to create a product for all people, but our Product deals with the simple solution particular specific problem.
We need to take care of creating the Product. It won’t reach the generalized Product the customer effectively. If our Product is created with an intention for the use of a particular customer, then it will not look suitable for a specific person. So be careful while creating Product for the wide range of customers. We need to focus on one problem of a single customer.
Narrow down your Niche to create a product
Niche product has multiple advantages, so don’t hesitate to narrow your Niche. We can’t offer a solution for broad niche problems with a single product. So take a small portion of your competitive niche market. There is always small competition in a particular portion of the competitive Niche.
For example, weight loss is the competitive Niche, but weight loss for over 40 years is having less competition from the keyword point of view. So we can reach the competitive market faster. It’ll be easier to target people for a limited potion in a competitive niche. A smaller Niche is the first step for success.
Find the real and unsolved problem in the current trend of the customers. Our Product should give a simple solution for the actual problem rather than I catching solution. Because realistic lives long life and eye-catching lives until the following few blinks vision.
The most acceptable method to reach customer to pay for our Product is that they will feel our Product is worth it to solve the real problem they have currently. They will ready to spent money easily only for the below three reasons
- The Product will escape them from the pressure
- Help them to make money
- Help them to save money
Once we know what we have offered to the customer, we need to fix the method to give the solution to the customer. That means the product type mentioned below
- Membership site
- Video materials
- , etc
We need to choose the suitable way to convey our solution to the customer problem.
The product development needs a procedure from the market research data.
Define the Processes to create the Product
To make more money, we need to create better Product to the customer. The complexity was no one had told us this would be the great Product. First, we need to define the product development process from the market research. To win in this game, you need to build a great product. Check out the complete process of your product launch here.
Once we defined the process for your product development, now create a model for your Product. The physical model is not necessary for digital Product. We need to have all the process involved in the product creation.
We need to list each process in the product creation as a separate task. And develop the plan for doing the task. And find the complete steps involved in the task for the documentation and successful completion of every task. Once you have defined all the processes in the product creation, then move on to the next.
Prioritizing the product development process is a complex issue. We will solve the central problem of the customer. While prioritizing the process, we need to have the intention is the goal of the Product.
Our priority on the process is not in the list format. We need to do this iteratively. We aim to make multiple iterations in the process because the number of iterations in the process reduces the process’s inefficiency. But keep each iteration as small as possible because more features can be accessible with small iterations.
Error correction in the process
While seeing alliteration involved in every process, we may need to cut off some unnecessary things and respected iteration. Don’t spend too much time on unnecessary cut-off things in the product development processes. Also, don’t delay to cut off the error in the end.
Once the process completed, we need to have less time to correct all the mistakes we have notified during the process development. So we need to cut off the unwanted iteration as quickly as possible during the process development.
Take the hard decisions initially; it was easier to take. Once the product development has started, it not easy to make hard decisions, so don’t delay to do necessary change just because you are committed already.
At the same time, please don’t spend too much time correcting the mistakes; instead of focusing on the goal of the process and doing it faster. It is effortless to spend more time restructuring the core code to add more feature to the Product. But it is not much priority compared to the defined process.
Restructuring did within the specific period the motive of restructuring the Product is to clean the Product. It has two steps
- Find the factors to modify
- Do it
The first step needs a week, and the second takes a few days. Don’t spend too much time on this. It applies all the design modifications also.
To create a complete product, we need support from the developers and quality tester, etc. Any product w needs to have people for development and configuration and peoples for testing the product functionality.
Development People is educated fully with their Goal
The main work of the leader in the development and configuration of the Product is to dismantle the complete product model into submodules, fix a goal for each sub-modules, and assign work for each developer in the development process.
Once the work has assigned to the developer leader must track the developers work for the successful completion of the product development. The developers are the parents of the submodules. If they don’t care about the goal of each module, then finally, the net Product will not come ideally.
People who are not passionate about building the Product should not be involved in building their Product. They are on the testing side, so the process management is complex for the product owner who is willing to launch the Product.
Even though for these reasons, it is very uncommon that outsourcing the product development will be successful. The better-organized product development team can make effective Product.
Include one targeted user on each development segment
We know hiring a new developer is no an easy task. Because we know it is always better to make, one person to work with us than work for us. Instead of hiring people to work for product development, we can hand over one module to them and get more accessible.
While dividing the product module into sub-modules, we need to assign development people to the corresponding work. While assigning developers to the task, we need to target at least one developer for each module to get the successful outcome from the module.
That is the development peoples involved in every day or every week iteration meetings. If we fail to meet, we delay our product development for a while until the following decision has been taken. We can even break up all the rules instead of doing unwanted thing in the product development. There are many reasons for the product launch failure. Check my 50.
Once the product development finished as per the process defined now you are ready to check the Product. Product testing has two ways.
- Functionality testing
- Customer-Based testing (Beta Testing)
We should educate the functionality test of the Product done by the professionals in the quality test bench with our Product. They are the first level of product testers. It is to verify all the functionality was working correctly as per the documents given to the product development team.
Once all the functionality has verified, the initial level of testing is over. Now the biggest one is customer-based testing (Beta testing). While doing the customer based testing, we need to launch our Product within the organization for free, ask the people to use the Product and tell feedback about the Product.
Collect all the feedback from them, and we can also get the opinion from the friends and family during dinner time once they offered to test the Product. Get the feedback from them, reanalyze those feedback, and send it to the product development team for the necessary changes. Now you are ready to market the Product.
The best way to sell the Product is by finding more promoters and affiliates for our Product. Even if you are a full-time marketer for digital products, just forgot how much money you have earned by selling the Product. Just remember the amount of knowledge and methods you have gained while selling third party products.
Every own product creation has some hesitation for the first development to leave it. The first step is to set the goal of the product creation from the market research data. And define the process for product development. Creating a new, successful product is like writing a book or creating a movie, or making a coffee.
Once we define the process, next prioritize with the iteration of processes. It is the crucial step while developing a plan for product development. Find the right people for each module development target at least one for each module in the product development.
The team organization was much important rather than the size of the team for the successful product development. So we need to arrange meeting frequently within the team.
Once the product development is over now, we need to test the Product in two ways one is functional another one is a beta product test. That’s all about creating a new Product share your experience in the comments section.