I have plenty of disposable income, how would you suggest I use this to make money online?

Start with affiliate marketing after you learn email marketing.

Buy profitable business that can prove their income claims.

mediation? or do you mean meditation? That is a growing field.

list building

Yes I meant meditation.

And I was thinking more along the lines of finding someone to create the product for me (I'm thinking a 10-eBook course of some sort), and sell it for something like $37, which would seem like a steal because I'd make sure that my product over delivers.

Obviously, I'd use any buyers to promote further products to via. List building.

I'm just stuck on the whole "how to decide on what product to make" thing. Like, I don't know how to go about looking for a 'problem'.

I have a rough idea in my mind of how I intend to wisely higher other people to do the initial work for me, but I want to make sure that I'm going about everything the right was such that I don't waste my time and money.

Dating would be a good niche to get into and there are tons of products to promote in this niche. Since this one of the things your interested in I would go with this one. I would create a blog in dating niche and I would begin building a list and communicating with your subscribers getting them to check out your blog post and promoting your dating products. I would try to find solo ad vendors in the dating niche for traffic and I also heard plenty of fish is a good place to find dating traffic.

Affiliate for amazon or ebay youll get lots of sales

Rob,

I think you are already ahead in this game as you have specific ideas and expertise. Many people struggle with that to get started. One of the ways to identify 'the problem' is go to clickbank and search for high gravity digital marketing digital goods in your area. This tells you that they are the ones that are popular currently. And add to that, go into Google keyword tool (or some other keyword research tool) and enter your keyword and look for volume on other related keywords. This tells you what people are searching for. That should get u started.

Interesting. I just posted a similar question before seeing your thread!

My best of luck to you in your ventures.

Jeremy

Go and hang out where the market hangs out.

For example, if I wanted to create a product for the meditation market I would go and find the most popular forums and Facebook groups/pages for those interested in meditation.

I would then go through and find the most popular threads and also keep en eye out for those questions that keep getting asked over and over again.

That should give you plenty of ideas for products.

Also go and find what is already selling well in your market, work out what it is missing or how you can make it better, and then create a product that is better than the current alternative.

Hey there Rob!

I've been in the same situation, but discovered a really easy method to do this SH*bleep*!

1. Pick a Niche such as dating and make a website or have someone make a website for you (pm me if you need help).
2. Sell a PLR product or make your own.
3. Generate an email list from the people who bought the product.
4. Market affiliate links from anywhere to them.
5. Get paid.

Oh and don't forget to send traffic to your website by promoting it on niche forums and stuff.

Depending on your conversion rate and list size, you can eventually hire people to write the affilate product sales pages for you.

I'd consider choosing a niche and going down that route. Meditation is growing a lot right now.

Invest into the technology market.

Can also go in the facebook line by getting up a facebook page in a certain niche that you will have to grow by getting all the lovers of that niche so that the follow you.

After getting a better following you will be able to promote some products that are in that niche on this page. This will make all those following and are interested in that niche to start buying that.

Try list building or have shares in a business

get a mentor . best investment you can make

How about a course on Self Defence For Men Abused By Their Partners? I'm sure there's a huge pent-up demand in this niche (as no one thought of it before) and you could make a killing. You may pay me a small royalty if the idea takes off.

Haha thanks for all the advice guys. The reason I laugh is because of the amount of "sharks" on here that pm'ed me after I posted this. They saw that I said that I have money to spend, and so the offers for help have been flowin! I appreciate the interest in wanting to "help" me, but this is a solo venture of mine. Sorry guys, I don't just give it away.

I am going to go against the grain.

I think your attitude is dooming you to failure.

I see what you are trying to do, and I can tell you that it just won't work. You don't build a successful business without getting your hands dirty. You won't sell ebooks or other products without first building a community (or to Seth Godin-ize it, a "tribe") that knows, trusts and respects you.

And you won't build that tribe by phoning it in. There is way too much competition out there that is working harder than you are to be the leaders in their niches.

My suggestion?

Rethink everything.

Pick one niche. Develop one product (yourself). Put your heart and soul into it. Then get out there and give it away to get feedback and testimonials. Build a fan base. Get known for it.

You still haven't made any money, but now you have something to build on. Start selling it, use it to build credibility for a higher-end product (training, video series, whatever)

Easy? No way. But it is more realistic than what you think will work right now. It will take time and effort. But once you have done the work and invested the time, you will have the foundation to do real business going forward.

Not what you were hoping to hear, but if you listen to me I just saved you a lot of frustration and cut your learning curve in half.

You have already built a business. You know exactly how much work is involved. Just because the internet is a different medium, it doesn't change the fundamentals of how business works.

One last word... forget about outsourcing anything for now. Do the work yourself first. Make the mistakes, get the experience. Make sure you know every part of this business inside out. Then, when it is making some money on its own, think about which parts you can and should outsource.

Put all of the options in a hat....and pick one out...then dedicate to it 110% ...it has less to do with what you pick and more to do with your commitment and persistence.

To your Success,

-Terrance

I suggest that you post a thread in the JV section here on the WF.You'll find many product creators willing to do everything for you.You'll only have to invest anywhere from $1k to $25k.

Rob,

For your consideration...a look at

Melvin Powers Wilshire Book Company - Home Page

My old friend, the late Melvin Powers was a successful Entrepreneur in the PUBLISHING business. Melvin started with ONE book, you already have several, in diverse areas.

The way to put all of your interests under one Entrepreurial roof is to be a publisher, albeit, an ABSENTEE, somewhat passive owner.

As your PM's show, there isn't a shortage of people who want your money, and think of authors as "out sourced product developers"...

A few years ago, I had the opportunity to analyze a couple of established publishing businesses, one, Green Tree Press, was "on the market" and I did the market analysis for it. The owner decided to retire, rather than go into the digitial age...and his products were aging quickly.

BUT, consider a few years ago, NO Amazon Kindle, no tablets, no ereaders, etc. and you should quickly see there is a huge potential for publishing...in small niches especially.

EVERYTHING can be outsourced, there are several writers here at WF which could create content, do your web site, run your own affiliate program...

I wrote a report 15 years ago about buying and selling, and one section of that report (The Chattel Report; The Sprint to Freedom) covered MUSICAL instruments and how to set up NETWORKS of buyers and sellers (mostly through music stores and local bands, high schools) and it is something you are doing.

So, as you are gathering ideas, looking for that one thing which could cover all of your interests, consider setting up a PUBLISHING concern.

All of your areas of interest have produced winners, when I was consulting with SCI (Suarez Corporation Industries), they had a best selling book, HIKUTA, which was sold by direct response advertising.

Put the work you've already done to work, make it pay off.

The Plan looks something like this:

Set up a Publishing Company, RobAst Pubs.
Get a web site. Outsource the set up. Put your current works up for sale.
Become an affiliate for other products (or a drop shipper, like Wilshire offers).

NOW, you have something to sell, and a place to sell it.

Solicit content creators, authors, have a short form they can fill out so it doesn't take much time. Select the best and keep adding titles.

Just one opinion, you have enough done to act on already, you don't need an answer to HOW to get started, you just need to have a good plan, with a tested and proven track record, easy entry, wanted, needed and people willing to pay you and also people who will work for you.

In a couple of years, you could have a nice passive income while not spending a lot of time on the business, because...

BECAUSE...you took the time today,

to set it up properly.

Good luck.

gjabiz

Study your own interests and choose one which you believe you can really work on. Start with that and everything should follow.

Gjabiz...thank you so much for that idea!!! I really like the sounds of that. I will definitely be strongly considering that!

@ Jack Gordon...

Perhaps you misunderstood me. Actually, it's more likely that I was unclear on my intentions.

I absolutely do intend to put 100% effort into whatever project I happen to come up with. For instance, if I were to come up with a "guitar course" for example, I would undoubtedly be the one creating and organizing all of the content. I would want the product to be EXACTLY as I want.

When I refer to "outsourcing", I'm simply talking about the mundane, time-consuming tasks such as making a pretty website, video editing, formatting the files, setting up an auto-delivery method, possibly even marketing, etc...

When I made my first website, which contained my 6 ebooks, I did everything. I built the website from scratch (it looks amateur at best ); I wrote all the articles; I made several videos (including editing and all that); I wrote the books from scratch using Microsoft Word, only to find out that formatting into acceptable eBook form was an entirely different task in and of itself, which I also did myself; I set up an aWeber account and created a series of emails; I created an auto-delivery service using eJunkie; I figured out how to connect aWeber and E-Junkie together such that those who purchased my book had the option to also join my mailing list; I learned about mandatory opt-in vs. optional opt-in. That's just to name a few of the tasks that I attempted to do all by myself; there is certainly a lot more that I can't think of off the top of my head!

I did everything, and it was a lot of extremely time-consuming work.

I'm certainly not one who has a problem "doing the work". However, I do feel that I have the advantage of outsourcing many tasks to other, such that I can focus all my working hours on making sure that the product that I create is 100% PERFECT.

Hopefully this helps to clarify exactly what I'm looking for; I wish I had a clearer goal and objective. Right now I simply just have a blurred vision of "sort of what I want to do", but there are still many many uncertainties as to how I intend to go about doing all of this.

Thanks again everyone, including the sharks who pmed me trying to get money from me .

You mentioned that you do not have a lot of time, if you start from scratch online then you are likely to spend a huge amount of time failing. Unless you understand keyword research and SEO then you are likely to experience failure and frustration. I used to only build sites from scratch and my hourly financial return was awful for a long time. I was failing without knowing why. I think you should buy 2 or 3 websites that already have verified traffic, rankings and revenue. Look under the hood and find out why they are working well. Then understand keyword competitiveness and competitor research. At some point you will have complete clarity and inspiration for your meditation site or anything else. In the meantime you will get your invested capital back in 15-30 months for your initial sites.

Go to Internet Business Mastery. Listen to ALL of their podcasts - every single one! Specifically, make sure to listen to their series on creating & launching your first product.

Become an investor then. As long as you do your D.D. and realize 99.9999% will lose money. Look past the hype and B*S* you'll come across in abundance. Weed out the 0.0001% and become a silent partner. If you don't like the grind, it's the best way.