How to Make Money By Selling Digital Products

0 20
Avatar for Miika
Written by
1 year ago

Selling digital products means you sell ebooks, online courses, design bundles, NFTs, podcasts, etc. Selling services means you see your writing services (content writing, blog writing, copywriting, ebook writing, etc.), designing services (graphic designing, web designing, etc.), video editing and animation, consultation services, etc.

If you have writing skills, you can either sell your writing services or create digital products from your writing skills (ebooks).

If you have graphic designing skills, you can either sell your graphic designing services or create digital products through graphic designing skills (SVG files, NFTs, etc.)

If you have video editing and animation skills, you can either offer your editing and animation services or start producing video content for youtube and other sites.

Selling Online: Digital Products, Physical Products, or Services

You can sell digital products, physical products, or services online. However, between these there which brings you more money and which one is relatively easier to sell?

When you can create your own store to sell these items, selling from third-party marketplaces is relatively easy because you do not have to spend money on creating your store.

You can sell digital products on digital marketplaces and physical products on general e-commerce marketplaces. However, a lot of eCommerce marketplaces allow you to sell both physical products and digital products from their platform. For example, you can sell digital products on Creative Fabrica but on Etsy, you can sell digital products as well as physical products.

Freelance marketplaces are for selling your services. Some freelance marketplaces are specifically designed for certain kinds of services, whereas some freelance marketplaces are for all kinds of services. On Fiverr and Upwork you can sell all kinds of services. On 99Design you can sell only design services and on iwriter, you can sell only writing services.

Selling Digital Products Vs. Selling Services: Which One is Better

In my opinion and experience, selling digital products is better than selling services. That’s because when you create a product, you can sell it again and again, but when you are selling services, you should work on each order. Therefore, if you are not already selling digital products already, you start now.

3 Unique Digital Product Ideas

If you are looking for digital product ideas that are in high demand but in short supply, here are 3 unique digital product ideas that you can try.

Computer and phone wallpaper: These digital products are in high demand in the marketplaces like Etsy and Creative Fabrica. You can either sell one item or a collection/bundle. I recommend selling collections instead of a single design.

Youtube Thumbnail templates: The popularity of youtube as a money-making platform is growing day by day. Becoming successful on youtube involves a lot of things and thumbnail is one of them. You can sell youtube thumbnail templates for new YouTubers as well as experienced YouTubers. New YouTubers buy editable thumbnails because they can’t do it themselves, and experienced ones buy because they don’t have time to do it themselves.

Notion Template: Notion is a productivity tool for individuals and businesses. It can be used for studying, planning, budgeting, etc. Since the user base for this workspace is growing, the need for the templates to be used with this platform is also growing.

Number One Technique to Sell Digital Product

If you want to start an online business, you should start selling digital products because manufacturing and selling cost is low whereas profit margin is very high. You can sell digital products on numerous marketplaces.

On Etsy, some of the popular digital products are printable wall art, SVG templates, and digital planner. However, due to the influx of sellers selling these products, the market is becoming saturated and it is really hard for sellers to continue selling these digital products. Therefore, in order to stand out in the ecommerce marketplaces and sell your digital products, you need to create unique products, products that are in demand but do not have too much competition.

The number one technique to sell is to create a unique product.

However, you also need to remember, that your product should be something that people are searching for online. If no one is looking to buy your product, there will be no sales. Creating unique products also means creating products that people are buying but not many sellers are selling it.

2
$ 0.00
Sponsors of Miika
empty
empty
Avatar for Miika
Written by
1 year ago

Comments