Entrepreneurs nowadays focus more on digital products than on other physical products, In fact, we live in an increasingly diverse market, where people make money from a variety of endeavors. In fact, digital products offer the easiest entry point for any aspiring entrepreneur in the commerce world. In this article, we will talk about what digital products are, how to sell them online, as well as some examples.
What are digital products?
Digital products are any products sold online that have no physical form, and digital products can be turned into physical products.
Sell digital products online
You may be wondering why sell digital products? In fact, selling digital products has a large number of advantages that make them uniquely attractive to sell, as:
- Low costs, as you don’t have to keep inventory or incur any shipping charges.
- High profit margins, as there is no recurring cost of goods, so you keep most of your sales in profits.
- The possibility of automation, where you can deliver orders on the spot.
- A flexible and scalable product, as there is a huge opportunity to expand your business, the digital products industry is expected to be around $374 billion by 2026.
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How to sell digital products online
Digital product selling platforms are where you can display your digital products for sale. They are like third-party marketplaces, which can help you sell your digital products by displaying them on their platform, which includes a large number of shoppers daily.
The types of platforms for selling digital products vary based on the type of digital product you want to sell to the public, and in general, to start selling digital products online, you will first have to create your digital product. Once you have a product to sell, you have to find a place to sell it.
And that place depends on the nature of the digital product you want to sell, for example, you may want to sell a digital book, so the place to sell it is one of the platforms specialized in selling this type of digital product, such as: Amazon.
But in fact, a large number of e-marketing experts recommend that it is necessary to have your own website to sell your digital products along with third-party marketplaces.
This way, you will have more direct control over the relationship with your customers. You can also often avoid the exorbitant service fees that many platforms solve.
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Digital products to sell
After you know what digital product are, it’s time to know the most profitable digital product, and here are some Digital products to sell:
1. Educational courses
Educational courses are the most popular and widely used digital product among people because they cover almost all fields, and anyone can easily create them.
The educational courses are explanations using videos, images, written texts and interactive materials such as exercises and tests.
One of the most accessible digital product in the industry, all you need is a writing talent, an idea to write about, an audience to promote, and that’s it.
Writing is a creative skill that needs some training, but you can go beyond that by hiring a professional writer from different freelancing platforms to craft your ideas.
Then you devote yourself to the marketing agent, this is called Ghost Writing, and it is a common method among entrepreneurs in the e-book industry and even writing articles.
3. Software and web applications
Software and web applications are the most lucrative digital product ever because they are in great demand and because they solve endemic problems for an interested audience.
This type of digital product requires experience and knowledge of programming and web development other than finding a good product or service idea that has a market demand.
The competition there is a bit less, but just as this type of digital product is the most lucrative, it is also the most difficult in terms of industry.
4. Mobile apps
The phone is a very large part of our lives, we cannot do without it and the applications and games that are on it, which we rely on and use constantly.
Mobile applications have many forms and can also be developed in more than one way, there is more than one programming language for developing applications for IOS and Android systems.
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Digital products examples
There are more and more examples of digital product, the list is updated daily, and these are some to help you put together an idea of your digital product that you want to start selling:
- Electronic books (E-books).
- Products Description.
- Publishing Templates.
- Report/Analytics Templates.
- Creative Brief Templates.
- Academic research.
- Writing cover letters.
- Sound effects.
- Sheet music.
- Instrumental tracks.
- Short films.
- Video animation intros.
- Video tutorials.
- Short videos professionally edited.
- Photoshop/illustrator templates.
- Infographic design.
- Turn images into vector files.
- 3D models.
- Icon sets.