There are different types of digital products, digital products are a new source of money for entrepreneurs who are interested in the digital space, but not all digital products do very well in terms of sales, In this post we will dig into what a digital product is, we will also show you the top five trending digital products that you can start creating to make money now.
A simple definition would be that a digital product is created in a digital format to be used on computers and other electronic devices and it is not tangible I.e. you can hold it.
A digital product is a monetization of your time, knowledge and effort. It is how “new money” is made and many people who do it correctly are becoming very rich from it.
We believe that digital products offer the easiest and least expensive point of entry for any aspiring entrepreneur.
Before the Internet altered commerce for the better, a product was always a physical object or item — something to distinguish it from a service. It was something you could pick up, see, smell, hear, or even taste.
That’s changed now that many entrepreneurs have ventured into online businesses. The virtual world has opened up a new category of products.
A digital product is superior to a physical product in many ways. You only create it once (though you can offer updates) and it can be sold to hundreds, thousands or even millions of persons with no limits to location. This ensures a certain level of profitability.
You can create an entire online business/blog around selling digital products.
Digital products are easy to distribute, significantly more sustainable, can be replicated infinitely, and are oftentimes simpler to create. With little more than one or a few devices, any person is capable of making a digital product worthy of sharing or selling. No physical materials, factories, or staff required. Just a computer, a sprinkle of passion and drive, and some time.
Some online entrepreneurs try to take shortcuts. They create poorly constructed digital products and assume they’ll make a living from them.
More often than not, those entrepreneurs fail. Why? Because customer retention matters more than customer acquisition, you have to offer your customers the best for them to always come back, don’t forget it costs more to acquire a new customer that to retain an old one.
We’ve gathered a short list of the best five (5) digital products in demand. Get ready for some digital product inspiration, let’s begin.
1) COURSES : First on our list is online course, it is just like an in-classroom course except that you teach online via text, video, and audio assets. Your customers learn via unique modules based on the name of the course and the material you want to convey.
Customers can take your course in their own time without having to worry about meeting deadlines or stressing themselves out. Plus, you can create courses of different sizes and at different prices.
You can include quizzes, knowledge checks, and interactive activities within your courses to help break-up learning content and make your e-course more engaging.
2) E-BOOKS: Ebooks have been and continue to be one of the most popular digital products for both creators and customers. They are relatively simple to produce since they require little more than written text and a few relevant images. eBooks are simple to distribute via large marketplaces or self-created online stores. They’re easily consumed by customers, who can read them on e-readers, tablets, computers, and even their mobile phones.
The beauty of creating eBooks is that you can share almost anything you know, or are passionate about, in text form.
3) SOFTWARE: The software industry is enormous and is consistently growing. It is also extremely ripe with opportunities. Any person able to write code of any kind can result in building new, useful products. Whether it be desktop software, web-based applications, website templates, mobile apps, video games, or anything else powered by code. The possibilities are endless, and an established market exists.
If you write a code language, you can develop numerous things to sell online. Whether you have experience with apps, plugins, themes, snippets, websites, or something else entirely different, you can turn code into cash.
4) MUSIC AND AUDIO: Major labels are no longer in control of what music makes it into the headphones of an average consumer.
You can record your own music, then make it for sale anywhere you wish. The freedom to explore your own musical talent and to retain creative control over your output can be freeing as a creative.
There are many different types of audio digital products. People pay for audio tracks that entertain them, soothe them, inform them, inspire them and help them achieve business goals, to list just a few examples. Audio products can include:
Foreign language lessons
Relaxing background music
Reusable sound effects
Full lyrical or instrumental music tracks
5) VIDEO: Finally on our list today, Video is an extremely popular and effective format for delivering information online. Video content can be educational, informative, or entertaining. It’s significantly more engaging than text, and can be easily consumed by clicking a play button and watching. Users love video, and in many cases are happy to pay for it.
If you’re a great public speaker, have a visual-based passion, or just love sharing your thoughts on video, with a little editing time up your sleeve you can sell videos online.
How Can You Market Or Sell Your Digital Products More Effectively?
Once you have a product to sell, you have to find a place to sell it. This can depend on what kind of product you make. For example, you’ll likely want to sell a digital book or audiobook on a platform geared for that like Amazon, Affiliativity or Shopify.
Marketing digital products isn’t much different from marketing physical ones. You have to define your audience, target them with brand-appropriate messages, and keep the lines of communication open.
After this you choose a platform to sell and a good way to make much sales without much stress on marketing activities is to sell through affiliate networks, Affiliate networks are businesses that connect Creators and affiliate marketers so both can earn more money. Affiliate marketers use affiliate networks to make better product selections to promote on their site.
Some of the affiliate networks out there are Amazon, Clickbank and Affiliativity.
Affiliativity is one of the best affiliate networks that sees to the security and protect the interest of creators it takes less than two minutes to register and add your product to the platform. Once your product is added to the platform affiliate marketers sees to it that you make sales, Click to join affiliativity today and start uploading your product as you grow your business and continue your journey as a creator.
Author: Moses Adewale Gbadamosi