If you have at least an intermediate level of knowledge or expertise in a particular subject, you can create your own information product. This can be an ebook, an audio recording, a video demonstration, or a live teleseminar or webinar.

Digital information products are very easy to produce because you can usually create them with hardware or software that you already have or can get for free.

For example, if you want to write an ebook, you can use your MS Word program to draft it and convert it to PDF format using a free online resource such as PDF Online, or Free PDF Convert, or Primo PDF.

All these free services work basically the same. You draft your ebook using your word processor, upload it to one of the above sites, and they email you the converted document. The only drawback is the PDF files don’t recognize links.

You want the links in your ebook to be clickable, so that you get free traffic to any websites and affiliate products mentioned in your ebooks. Therefore, I recommend you download and install a free PDF creator called DoPDF.

If you wanted to create an audio product, you can download Audacity, a free audio recording program, record your info product, and save it as a .wav or .mp3 file. These are the file types that determine where the file can be executed.

For example, wav allows people to listen to a recording on a regular cd player while mp3 files can be listened to only on devices that play mp3 files such as a pc, mp3 player, or IPOD.

Unless you will be shipping out your recording on a physical cd, mp3 is the best format to save audio in because it is the most versatile and downloadable friendly. Audacity requires a free add-on called LAME to save it as an mp3 file.

If you want to create a free video instruction product, you can use free screen recording software called CamStudio to record a screen presentation with your voice narrating in the background.

This program is best used when demonstrating how to use a software program. If you are familiar with using any type of software, you can use CamStudio to record video tutorials and sell the finished product.

Video tutorials for major software programs such as Word, Excel, Access, and Powerpoint, Quickbooks all sell like hotcakes. Or if you have a software product, you can record a demonstration to include with the software.

Speaking of software products, if you have an idea for a useful software product in your niche, you can go to a freelancing site like Rent A Coder, Elance, or Guru to find a programmer who can turn your idea into a concrete software product.

These sites are just similar to ebay, except the bidding war involves freelancers bidding to complete your project for less than competing bidders. You can get a piece of software made for as little as 50 bucks that you can sell over and over.

And believe me, there is a piece of software that can be created for any niche. Dont believe me? Ill prove itgo to Google and type in your niche subject along with the word software (For example, “scapbooking software).

Your million-dollar software idea can come from simply taking an existing software product, engineering a better version of it, and taking your idea to a freelance programmer who can create the program.

Your software program will be your own unique brand, and will have more features than the existing programs on the market, so buyers will have a reason to come to you over your competitors!

Along the same lines, you could come up with an idea for a website script that would perform a particular function that your website visitors can pay a fee to utilize. A script is simply software that must be installed on a website.

Ebays auction format is the perfect example of a profitable script. The founders of ebay paid a programmer to design an auction script, once complete they had it installed on their website, and people pay a fee to list their auctions.

Coming up with software ideas may or may not be where you want to start, but surely as you continue to get more involved with online marketing, you will start to see opportunities to profit from software development.

As you can see, when it comes to creating digital information products, your options are abundant. Pick the one that appeals to you most, and start the process of creating your very own digital information product.