The ideal income strategy for a home base business is residual (commonly mispelled as risiduel) income. Egoods can be a great business opportunity, especially for the small business person who can bring a unique flavor to their home venture.

In the last couple of posts, I've talked about egoods and how they can really make sense when it comes to generating online residual income for your home base business. Let's continue today, by looking at some real case studies, and returning to the underlying strategy that can get you there…

A Couple Of Real-Life Examples…

It always helps to see how real people have gone about making money online themselves. So here are two case studies of people who actually monetize via egoods.

Please be aware that these case studies are on promotional pages (for SBI). Although I recommend SBI wholeheartedly, these case studies are still worth reading even if you're not interested in using SBI.

Why?

Simply because these two peoples' stories are truly inspiring and will hopefully give you some insight into what you could do yourself, if you were to monetize by selling your own egoods too.

Real-Life Example #1

Shaun Fawcett is a typical example of someone who came to this, knowing absolutely nothing about the Internet or running an online business. Yet a few years later, he's now running his own content-based site, and selling his own range of downloadable e-books. 

You can read about Shaun's online journey here…

 

Real-Life Example #2

Another great source of inspiration (in more ways than one) is Marney Makridakis. 

She had an idea to start a magazine for artists and writers in 2002.  Her idea eventually blossomed into her own, popular art-based site. Since then, Marney has created her own range of egoods (including e-courses, e-books, teleworkshops, and even a series of audio lectures), and makes money by selling these e-goods via her site.

Fast forward to today, and Marney's art-based site has now sold over 1,000 products, and it's still growing.

You can read about Marney's online journey here…

 

Can You Guess
What I'm Going To Say Next?

Selling your own e-goods is probably one of the most profitable and convenient ways for you to make money online.

Why?

Because there are generally, much less costs involved, when you compare it to physical, hard goods. And because when it comes to delivering your product to your customer, it can all be automated and done within seconds.

Just remember though…

Hmmm what am I going to say here? You can probably guess because I say it everytime… 

If you want to make money online, you'll need visitors! And if you want to be sent lots of nice free traffic from the Search Engines, you still must remember to focus on the Content-Traffic-Presell steps first.

Whatever monetization strategy you go for

- that is the end game!

Or as Ken Evoy puts it:

"The key to success is to first master a niche. The Web, when properly used, is the ultimate niche marketing-and-selling vehicle. It is the ideal situation for those who want to sell digital products to carefully targeted markets.

To succeed online, you must build your own niche/theme-focused business… and that means building your own targeted traffic… your own clientele, from the ground up."

 

Egoods can generate lots of money for you, at a comparatively minimal cost to produce, promote and distribute. But that still doesn't mean you can skip those first three steps. Don't run before you can walk…

Remember: You need visitors - only then can you make money!

Bottom line?

For a home base business, risiduel income can come in many forms. And perhaps the easiest to maintain, while being the most profitable in terms of margins, can be income generated from selling your own egoods. This business opportunity is fantastic for the small, unique, home business person who's ready to share their knowledge and expertize with the world, via selling their own digital products.

And as the two case studies show above, it really can be done, so long as you don't forget to focus on getting high quality traffic to your site.

To find out more about e-goods, click here…

Wishing you the greatest success

 The Home Business Geek

 

Common mispelling of 'residual': risiduel