There are several ways for anyone to monetize his / her skills and start making money online. One such sure way is by selling digital products online. It is a fulfilling and lucrative business, with zero overhead cost and easily scalable.
We live in an era where you can be on your couch and do your business. All you have to do is trade your passion or skills for money. In digital marketing, it is called monetization..
Earning money online is the desire of anyone who has monetized his or her interest. I emphasized, earning money online is never an easy task. It is one of the most difficult tasks, contrary to the views of most people. You earn good cash online only when people see you as an authority or an expert in a particular subject or topic. This is when you begin to pull in lots of leads into a webpage.
So don’t sell anything, sell things you have authority to sell, and do this with passion.
Entrepreneurship in the internet world is a major work. Anyone who wants to be successful online must recognize that online work is synonymous to the other works out there. Without commitment, dedication and consistency, there is no way to show any success.
The first key to success online is to find a good niche. We recommend you leverage on your interests and passion. After all, there is no need to write on a topic you have little interest in. So, look for what you are good at, or what interests you. Identify and focus on the specific topics, and create your plan in an e-book or video format, as appropriate for the chosen area.
What Is Digital A product?
Before we answer the question of what a digital product is, let me explain to readers what a product is. A product, is anything that has or generates value. You provide value, by solving a problem that’s worth solving. You can also provide benefits that people would not want to miss once they’ve experienced it. With the increase in e-commerce activities, there are now more products sold online than ever before. A digital product is any product you sell online that doesn’t have physical form or substance. It involves electronic devices. These products are usually sold online. It is a conscious effort to monetize your time, talents, knowledge, ideas, effort and passion. Instead of sharing free stuff online, why not make money along these activities? The turning of these abilities into something that provides value is a digital product. Or the monetization of your online abilities. They are intangible products that you can create in the form of writing, audio, or video, and sold in a downloadable form. Digital products could only be accessible via electronic devices, like your smartphones, tablets, PC’s, laptops. They are intangible and don’t have any physical forms, but exist in digital format only. Most digital products also have a physical form. For instance, many people buy e-books in PDF format, then print them on their computers. The product becomes physical, but it started out in digital format.
Reasons for creating a digital product
The following are some reasons for selling digital products;
- To solve and provide a solution for your audience and to create a bigger impact in the world by reaching more people. To get up every day and enjoy the process of what you are creating.
- There is no limit to the quantity of products, nor are the products perishability and stock run-outs. There is no need to worry about holding inventory, packaging nor the shipment. These are issues with physical products, not digital products.
- There is no limit on the quantity of products that one can sell. You can sell whatever quantity anyone orders.
- Digital products are easy to distribute, significantly more sustainable, can be replicated infinitely. They are also not too difficult to create.
- There is almost zero barrier cost to entry, except the value you are providing
The following are examples of creative digital products to monetize logos, templates, brand boards, mock-ups, stock photos, graphics, fonts, website themes, and e-books.
In general, the purpose of building a digital product is to solve a problem for your users, while achieving some goal for yourself. Regardless of whatever you might be selling, the key is to always provide value.
Some common digital products
· Book Publishing – low and high content books
· Audio & music
Design & Arts
Graphic designers and artist are the most sought after skills in this digital era. These graphic artist are constantly in demand. One of the most digitized industry presently is the graphic artist and design industry.
Take Creative Fabrica for an example. They have several millions of graphic on sales. These have been designed by graphic designers who get paid for whatever designs they put on the platform. With this platform you can get millions of KDP Low Content Interiors, Fonts, SVG’s, Crafts, Clipart, Gnomes and more for sale and as freebies
Courses And Ebooks
Another lucrative digital product to sell are courses or educational materials. This is where someone writes about whatever he/she knows in a book and sells.
If you are fortunate to be writing a blog, or you have blogs already written in the past, then it is to your advantage. Combine 3 – 4 of these articles or blogs relating to the same topic into chapters in a word format. After you are done, you can finally convert them into a PDF file. You can do all this with Google Docs or PDF convertors.
Others also Sync all their blog articles into book and sell. In this fast-paced world where education is never a barrier nor a requirement for knowledge. There are people who have learned more from the minds of other people through courses than they did in their years in the classrooms.
Tools for Ebook Creation & Sales
- Microsoft Word
- Google Docs
- Apple Pages
- Amazon Create
Platforms to Sell Your Digital Skills
You can sell whatever digital product on any of the following sites
And many more
It is now clear that with a digital skill, one can start earning money with even zero cash investments. The opportunities are endless for the one with a digital skill