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Product Development

In this section we have provided an overview of some of the most effective technologies you can use to develop new online products and services for your business. Some of them cost money to implement and some are free if you do the work yourself – the following key is used to give you a general guide for each technique:

Implementation cost:  

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Less than $500

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$500 - 1000

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More than $1000

Time to create:

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1-10 hours

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10-20 hours

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20+ hours

Audio Programs

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Audio programs come in a number of different flavours:

  • Teleconferences – a telephone call where there is usually a presenter and many listeners who can also contribute to the conversation.
  • Teleseminars – essentially a telephone conference where only the presenter talks and questions are sent in before the call.
  • Podcasting – a live or on-demand audio session accessed via the web.
  • Online Radio – like traditional radio except the station is accessed online.

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Custom Application Development

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Custom application development has exploded since iPhones were released and social networking sites took off. Of course custom applications have always been available but many companies are taking advantage of the way these new technologies have been created, to develop special applications for everything from keeping track of your exercise program to finding bookstores in the city. Social networking sites like Facebook also allow you to create and publish custom applications and have people show these on their profile like a badge of honour.

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eBooks

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eBooks are simply electronic books, usually published in PDF format and are created to provide information and/or education on a particular topic or set of topics.

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eNewsletters

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eNewsletters, also known as eZines or email newsletters, are extremely popular with many websites providing the option for visitors to sign up to stay informed on the latest news, products, services and information on the business or the niche the business focuses on.

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Packaged Information Products

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Packaged products are those that pull together various information sources and delivery styles into kit form. For example a home study kit consisting of a manuscript and DVDs or audio programs on CD with transcripts.

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Videos

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Video programs are much like audio programs so a lot of the information and steps here will be exactly the same. Like audio programs, videos come in a number of different flavours including:

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Virtual Worlds

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Virtual Worlds are a very interesting and could almost be classified as a 'bleeding edge' area for product development, and not for the faint-hearted, technology averse or time-poor. Virtual worlds are fictional replications of real world scenarios, and are played much like a computer game.

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Webinars

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Webinars are essentially hosting a mini-conference from your computer in a one-to-many or many-to-many scenario. Instead of standing up in front of hundreds of people physically, you present to them virtually through their computer screens.

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