YOU ALSO NEED THE SOFTWARE AND INSTRUCTIONS HERE:
http://zine.r-massive.com/ps3-e3-ps3jig-downgrade/
Just about the least expensive way possible to downgrade your Sony Playstation 3. This method uses only the standard E3 clip and NOT the more expensive "Limited" edition flasher (I.E. no SATA dock) and also does not need a specialized jig / downgrade dongle. It instead uses a Sony PSP (on CFW) to enter Factory Service Mode.
NOTE: FSM (and thus PS3Jig) is now an unnecessary step for downgrading, provided you use the latest Rogero's NOR Autopatcher in conjunction with the latest Rogero CFW. This video is still relevant and applicable, but if you want to avoid the headache of triggering FSM and getting back out of it, as well as being able to jump straight to 4.46, then I suggest you investigate that option.
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Sony PS3 CFW Downgrade Using E3 Flasher and PS3JIG Tutorial | NatokHD