Digital Product: This is a type of product that is created,
viewed and consumed electronically. Unlike your text book or any other home products that you can physically feel, a digital product is non physical , everything about the creation and usage of this type of product is by electronic means.
Here are the common type of Digital Products:
Online courses: a broad range of subjects are covered in educational content that is delivered via the internet and frequently include interactive elements like quizzes and video lectures.
Ebooks: Digital or electronic books that are readable on devices like tablets, smartphones, Laptops, desktops, tele prompter, e-readers, and other electronic devices.
Software Applications: Computer, smartphone, and other device programmes or applications. These could be specialized tools, smartphone apps, or productivity software.
Digital artwork This is any artwork produced with digital tools and software, such as paintings, illustrations, or graphic designs.
Sound effects, digital music tracks, and audio recordings that can be streamed or downloaded are referred to as music and audio files.
Webinars and Virtual Events: Online-based workshops, presentations, and events, either live or recorded.
Stock Photos and Videos: Premium pictures or clips that people and companies can buy and use for their projects.
Printable: Digital files that users can print at home, such as planners, worksheets, templates, or artwork.
Photography Presets: Configurations or filters that are applied to digital images to produce a particular appearance.
Subscription Services: Digital subscriptions, such as streaming services, memberships, or software subscriptions, that offer continuous access to content, services, or communities.
Fonts and Design Assets: Fonts, icons, and templates are examples of digital assets used in graphic design.
Mobile apps are programmes created especially for mobile devices and are usually downloaded via app stores.
How to Make money with Digital Products:
If you read the introduction of this article you must have the prior knowledge of what Digital product is all about, but the question is " How do I make money from it?"
Firstly you need to know how to create this Digital Product., from the above list of Digital product examples, I want you to ask yourself which one am I excited about? which one am I capable to create effortlessly? which on them fits my niche?
From the questions you have asked you would understand that it all goes down to your available resources and choosing a niche in which your product is based upon. I cannot choose a niche for you but I can only use one niche as a Case Study So let us take Content writing as.
Content Writing : Content writing involves imaginative thinking and writing it down, from plots, speeches, and shots. ( in this case you can imagine how it will be acted after scripting). you can write comedy videos, skits, sketches and short videos for companies, skit makers, individual and groups to elevate their contents and add more presence and virality to their online presence.
If you choose this niche, then these are the things you need to do to make is successful:
Examine the Demand in the Market:
To find out whether there is a market for digital products in the niche you have chosen, conduct market research. Examine the offerings of your competitors and search for any gaps or chances to offer something different. right here you can access market for content creating to see how your Competitors are using this niche to make bread. Apps like
Fiverr and Upwork are a good way to put your skill out there.
Build a Portfolio : Here, you ought to have a content arsenal, because when deals start coming, you can't start writing immediately. you have to also have at least five categories like, skits, podcasts, sketches, Reel ideas, and normal short Films. So that you can have diverse client lists.
Produce Superior Content:
Concentrate on producing valuable, high-quality content for all digital products, including software, Ebook, and online courses. Make sure the write up, design, content, and user experience of your product are unique. It all goes down to promotion videos so that your products will be seen so that people and clients will show interest in your product arsenal. You can use videos and photos to illustrate how you imagine a particular content you are marketing to look like, this will give the client an idea of what you are giving and the message you are trying to portray.
And the must sweet thing about this niche is that once you lock a client , it is for a long time, and you can graduate to be a creative director in the client's team.
Choose the Right Format:
Select a format that suits your content and resonates with your audience. This could be an Ebook, video course, downloadable software, mobile app, or any other format that aligns with your product and audience preferences. in this case, you only need google doc as a form of word app for writing content and plots and also insertion of multimedia. Creating a video will help also illustrate your idea in a visual way.
So you choose writing, photos and videos as your format.
Choose a pricing plan that accurately captures the worth of your digital product. Take into account elements like perceived value, market prices, and production costs. Additionally, you can test out various pricing structures like one-time purchases and subscription plans.
Build a Sales Funnel:
Develop a sales funnel to guide potential customers through the buying process. This may involve offering free content to build trust, capturing leads through email marketing, and eventually promoting your digital product to your audience.
Utilise a Website or Platform:
Select a platform or create a website of your own to market and sell digital goods. Several well-known websites are Shopify, Teachable, Gumroad, and Etsy. Make sure the platform you have selected fits both your target market and your type of product. There are free websites builder and creator on the internet you can use to create your online website where you sell your digital products, you can use Linktree to help people locate it, use Flutterwave as a payment medium.
You can use Social media platforms to market and sell your digital products.
Implement Effective Marketing:
Create a marketing plan to advertise your digital goods. To reach your target audience, make use of paid advertising, email marketing, social media, and content marketing. To attract potential customers, emphasize your product's advantages and special features. Use Canva, create amazing digital fliers and watch your clients list increase in numbers.
Post Feedbacks : Encourage reviews and comments from customers. Make use of this feedback to enhance your offerings, fix any problems, and improve your product. Customer satisfaction can lead to brand ambassadors and word-of-mouth recommendations.
Explore Affiliate Marketing:
Think about establishing an affiliate programme so people can refer and get paid a commission for each sale they bring in. This may enable your product to reach a larger market.
Offer Top-Notch Client Support:
Provide outstanding customer service to foster loyalty and trust. Quickly respond to consumer questions and concerns, handle issues, and offer support when required.
Procedures for Sale :
Firstly you need a portfolio, once you have built up a portfolio, marketing and sales would be easy.
- Firstly visit wix.com and open a free website.
- Set up payment medium in it.
- Then upload most of your products with prices tagged in
- Create a welcome video to sensitize your web visitors
- Also create a procedural video to help clients navigate through the site, sales and payment.
- Post a segmented video portraying feedbacks and products reviews
- Add tab for contact and web support for your client to reach you quickly for difficulties in ` downloading products and payments.
- Place ads on Facebook, Instagram and twitter to allow the system distribute your ads and get you clients.
- Create attractive videos for ads. Add overlays, texts, vfx and client success stories on your ad videos to sensitize potential clients.
- Create Reels and make your money selling digital products online
Leveraging on Other creators (brokerage) : Most people do this a lot, all you need to do is to open an account in the respective sites ( I have already mentioned it above). Then surf and identify creators in your own field, make sure to have a chat with them to know how you both can work today. you can earn without doing any work. All you have to do is get clients and add a commission when brokering other creators work.
You can do this through affiliate program, or one on one chat with the creator in your niche to broker a deal with and for him/her. This is a good way to reserve time and do other things like travelling, or hanging out with freinds.
Websites that will help you generate sales for your digital Products
- Etsy: Etsy is a popular marketplace for handmade and digital products. You can set up a shop specifically for digital downloads and reach a large audience interested in unique and creative items.
- Teachable: Teachable is an online learning platform. Teachable offers tools to build and market courses with features like multimedia lessons, tests, and certificates if your digital product is an instructional tool.
- Shopify: Shopify is an e-commerce platform that allows you to set up your own online store. It's versatile and can accommodate various types of digital products. You have full control over your branding and customer experience.
- Amazon Kindle Direct Publishing (KDP): Consider using Amazon Kindle Direct Publishing (KDP) to publish your digital product on the platform if it's an ebook. This can introduce a large number of Kindle users to your product.
- Udemy: You can sell courses on this well-known online learning platform. It's a good fit for digital products like courses because it has a sizable user base of people looking for educational content.
- Payhip: Payhip is a platform that facilitates the selling of digital products, including ebooks, music, software, and more. It allows you to set your own prices and offers various customization options.
Comments
Post a Comment