When it comes to making money online, you’re probably asking yourself the following questions:
- Is selling digital products a good idea?
- Is it a waste of time?
- Are people actually making a full time income by simply updating a product they made one time and seeing continuous sales while they are not working?
Well from my experience, all of these questions can be answered with one simple word: YES!
You see when I started out, I thought people were exaggerating…I thought: “THERE IS NO WAY IT’S EASY TO CREATE A DIGITAL PRODUCT LET ALONE SELL IT OVER AND OVER AGAIN…” Yeah, little did I know!
It was even easier than I thought!
All I needed to do was learn how to create Digital Products, so that I could make my own form of passive income! So, the first thing I set out to learn was: WHAT IS PASSIVE INCOME?
Passive Income:
Is really quite simple to understand!
PASSIVE INCOME is when you make money passively.
Meaning you are making money while you are away from your work. Which means you could be eating at a restaurant, playing with your dog or out and about going for a walk and you’d be making money while doing those activities because someone purchased a product that you are selling from your store!
Sounds amazing right?! RIGHT! BECAUSE IT IS ABSOLUTELY AMAZING!!!
It’s the best feeling the world to be making money while you are out and about enjoying your life! So how can you set this up for yourself?
Well my recommendation would be to sell Digital Products! (Click here to learn how to create them!)
Digital Products:
Are products that are sold DIGITALLY! Meaning you upload them one time either to an online marketplace or onto your own website, and when someone purchases the product from you, the product gets automatically sent to them without you having to sit there and manually send them the product because it is sent digitally!
Now if you are sitting there wondering what type of Digital Products are being purchased online, here are some examples of products I recommend you could create, especially if you are a beginner:
- Templates (Ex: Social media templates, resume templates, business card templates)
- Printables (Ex: Bridal shower games, printable Affirmation Cards, Cursive Practice Sheets)
- Ebooks (Ex: How To Lose Weight in 30 Days, The healthiest habits to implement to change your life)
- Guides (Ex: A how to guide on selling your online services)
- Worksheets & Workbooks (Ex: Worksheets for practicing times tables, or Workbooks for new entrepreneurs)
- SVGs/PNGs (Ex: Print on Demand Designs or designs crafters can use on their own products)
- PLRs (Ex: Private Label Right Products. These are “Made For You” products you can resell as your own)
- Memberships & Courses and so much more!
Now obviously there are tons of products you can choose from, but whatever it is that you decide to sell, the important thing to keep in mind are the 5 main reasons why I believe you should sell your own Digital Products!
5 Main Reasons To Sell Digital Products
1. Low Overhead Costs
Unlike traditional brick-and-mortar businesses that require investments in inventory, rent, and utilities, selling digital products comes with minimal overhead costs. With just a computer and an internet connection, you can create, market, and sell your digital products from the comfort of your own home! This means you can keep more of your earnings without worrying about expenses eating into your profits.
2. Scalability
Digital products have virtually limitless scalability. Once you’ve created a digital product, whether it’s a template, printable, or an ebook, you can sell it an infinite number of times without any additional effort or resources on your part. This scalability allows you to reach a global audience and earn passive income around the clock, even while you sleep!
3. Flexibility
Selling digital products offers a ton of flexibility! You have the freedom to create products that align with your interests, skills, and expertise. Whether you’re a graphic designer, writer, photographer, or educator, there’s a market for digital products in almost every niche imaginable. Plus, you can set your own schedule and work at your own pace, giving you the flexibility to pursue other passions or commitments. (Want to join my Business Content Creator Students who’ve already started creating their products? Click here to learn how you can create your own digital products!)
4. Passive Income Potential
One of the best aspects of selling digital products is making passive income! Once you’ve created and listed your products online, they can continue to generate income for months or even years to come with minimal ongoing effort. This passive income stream provides financial stability and freedom, allowing you to focus on growing your business or pursuing other ventures without being tied down by traditional 9-to-5 employment.
5. Global Reach
Thanks to the internet, the world has become more interconnected, allowing businesses of any size to tap into a worldwide audience. When you sell digital products online, you’re not limited by geographical boundaries or storefront locations. This means your products are accessible to customers everywhere, expanding your market reach and boosting your sales.
Now if all of that doesn’t make you excited to start your digital product business, I don’t know what will! Except for maybe this… Did you know I have a FREE Masterclass that will help you get started? I’ll walk you through my 4 key strategies on how I create and sell digital products that make me passive income. (Click here to watch my free training!)