Why would you want to create digital products in the first place?
There are multiple reasons you may want to create digital products instead of selling physical products. When we’re talking about creating digital products, we’re talking about creating something that you don’t have to handle, you don’t have to pack, and you don’t have to ship. With digital products, you don’t have to do anything except create it, put it on your website and sell it over and over!
Examples of digital products might include digital downloads like PDF ebooks, workbooks, Lightroom presets, and so on. A physical product would be something that you handle or an object that someone can touch, like a pair of leggings or something for their kitchen, etc.
Let’s break down all the “pros” of selling digital products:
1. You get to take your knowledge and help HUNDREDS, even THOUSANDS of additional customers that you probably never would have been able to help if you were only offering a service.
2. You don’t have to worry about shipping your physical product or your package getting lost in the mail, because we know how frustrating that can be.
With a digital product, your deliverables are going to be delivered to their email box or online account, so the only thing you have to worry about is keeping it out of the customer’s spam folder.
3. Digital products can be created once and then sold over and over and over again.
What’s better than that? Digital products take a little bit of work up front, of course, but you can sell them and grow your income as much as you want, depending on how much traffic you generate.
There are even more pros to selling digital products, but now I want to get into how you can start doing it for yourself and start making money from home selling digital products.
The first thing you want to do is figure out what you want to sell.
It sounds like a no-brainer, but a lot of people get stuck here because they think everybody already knows what they know. Why would anybody buy from them over someone else?
Let me remind you that there will always be people who can learn from you. You may think something is simple or common knowledge, but oftentimes that’s not the case. Many people have no idea where to start, so don’t ever think that the information you’re going to sell is too simple or that everybody already knows it.
If you’d like some digital product ideas that you can create and sell, grab my free download. It has 65 digital product ideas that you can create and sell online, and as I mentioned before, you can create them once and sell them over and over again. So grab that download right here.
I’m going to break down three of my favorite money-makin’ types of digital products that I personally like to sell, and I’ll tell you exactly how I am selling them.
Number One: Courses
I love selling courses. I create mini-courses and larger courses, and I think it is one of the most fun and rewarding things that you can do in the digital world. You’re literally taking the knowledge you have gathered over time and putting it into a digital product to help someone else get the results they want.
Number 2: Memberships
The beauty of having a membership site is that you are getting a residual income month after month and this income compounds itself regularly.
For example, you sell a membership for $45 and five people join the first month. That’s $225 dollars of income for that month. They stay with you through the next month, and that next month you get 10 more people. So now you have 15 people in the membership and $675 of recurring revenue. See how that could grow quickly?
And what’s super cool about memberships is that, as long as your members stay active, you’re getting monthly recurring revenue. Wohoo!
If you’re wondering if a course or membership would be right for you, check out my other blog post on this topic right here.
Number 3: Digital Downloads
Digital downloads can be a PDF checklist, work books, ebooks, photos, etc. It’s completely up to you. Basically, a digital download is something that someone can purchase one time and then have that file either sent to their email or get a direct download link where they can download the file that they just purchased.
One of the first digital products I created was a workbook.
I took the information that I was teaching to my 1:1 clients and put it in a digital format. Now, anyone can download this workbook, work through the lessons and get the information they need while doing it on their own time and at their own pace.
So, those are my three favorite digital products that I’m currently creating, and I’ll probably add more as the months and years go on.
If you would like additional help planning your digital product, grab my workbook right here and it will help you plan out your product.
I hope this information was helpful.
In the comments, let me know which digital products speak to you and which one(s) you’re going to start creating today!