An Example of Digital Products That Make Money
Digital products can take a lot of time and effort, but today I’m sharing the best low-cost and easy to make and the best examples of digital products to make passive income.
But first, let’s start with the basics.
What is a digital product?
Digital products are any type of digital format that can be sold and distributed online without a physical inventory. You can sell PDFs, Videos, Templates, audio, books, and so much more!
The Benefits of Selling Digital Products
There are many reasons to sell digital products
They’re cost-effective to create
Aside from the tools you need to sell digital products, your biggest cost will be your time and effort to create the product.
Plus you’ll never have to worry about inventory or shipping issues because once they’re created you can sell however many you want for as long as you want!
Passive Income
Yes, you can wake up to cash in the bank plus it will keep you free to focus on doing more of what you love! They allow you to set up your product once and focus on marketing and strategies to reach your business goals.
Monetize Your Expertise
Everyone should be paid for what they know! That includes you, friend. When you share what you know, you’ll grow an audience that will be happy to pay you for your knowledge & experience with this new digital product of yours!
You’re the Boss
You get to choose how your digital products are created, sold & promoted. You can do A/B testing, offer discounts or change your pricing structure at any time. And this will either ignite a fire or scare the crap out of you, but at the end of the day, the success of your product is completely up to you.
High-Profit Margin
Recurring costs are limited to your hosting and shopping cart fees and there’s essentially no cap on the amount of profit you can generate from digital products. Um, heck yes?
An Example of the Most Profitable Digital Products to Sell
People can give you complicated formulas and tell you that one type of product is better than another, but the truth is to tap into the limitless money of digital products, they need to be easy for you to make, exciting for you to teach and easy for your people to consume and take action!
Templates
Anything that serves as a pattern or a mold is a template. In the digital world, this means that you can create documents, spreadsheets, designs, swipe files, plug-n-play copy, outlines of art, or anything else that can be used as an outline and a person can then buy and recreate.
One of my favorite and most valuable Budget Template for Biz Owner’s is Nicole Barman’s 5-minute Bookkeeper! (affiliate)
Workbooks/Journals
A workbook is something that can contain multiple sections and worksheets that are designed to guide someone through questions, exercises, etc. Workbook to guide them on how to start a business with fillable sections, or a journal to guide them through a big event in their life.
One of my favorites is my Manifest Your Monthly Income Workbook you can grab it now here.
eBooks
An eBook is a book that you can download or read online! Simple as that.
Audio Recordings
You can open your phone and begin recording any type of audio file for meditation, or class, take the audio from one of your video recordings, teach people how to speak a different language, and more!
Video Recordings
Pre-record yourself speaking, making a tutorial, navigating a platform, or hosting a live masterclass or workshop, and you have an instant digital product! I recommend using Loom to create and host your videos because not only do you get a transcript, but you can also embed them on your course platform.
Courses or Mini Courses
Courses are online educational programs that you work through on an online platform. It’s usually a step-by-step process that leverages different types of digital products.
The goal is to take your customer from point A to point B when it comes to solving their problem.
Digital Bundles
Combine, mix & match any digital product to create a bundle. The goal is to bundle products that complement each other.
In my other business I sell one bundle that does phenomenal! It includes a Prerecorded Class eBook, Wellness Tracker, and a recipe eBook! Check it out here.
Memberships
You can also create a monthly, quarterly, or annual membership that sells any type of digital product from the list above. It can be intensive or it can be a low-cost product like Liz Wilcox's Email Monthly Membership which is only $9 (affiliate).
It’s time to create your digital product!
If you’re ready to have a new passive income stream you’re ready to create and sell your first digital product!
And I totally believe that you can create something profitable that will help you get that financial income you’ve been dreaming about!
If you’re ready to get started, don’t forget to download my Free Guide: Make $3000 with digital products! It’s just below 😘
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