Selling digital products through an online platform has the potential to be radically simple-which is why it’s an ideal side hustle. No inventory, shipping or rent hassleīesides the fact that you don’t have to cover the cost of producing, storing, or shipping physical items, you can also avoid the logistics. And that margin improves over time because you don’t need to spend any money producing more units. More profitable than physical goodsĭigital products sell at higher margins than physical products. This means the potential for higher profit margins. Online marketplaces and e-commerce tools are relatively inexpensive, compared to renting a brick-and-mortar location or building a physical inventory. There are plenty of digital items you can put together using only time, energy, and a little focus. Plus, there are a lot of good reasons to sell digital products online: Low investment, (potentially) high returns But thanks to online tools like Etsy, Shopify, and Thinkific, the learning curve can be surprisingly short. Why sell digital products?Ĭreating, marketing, and selling digital products may seem overwhelming, especially if you’re not the most tech-literate person on the planet. Streaming movies and TV, video games, software, and apps-those are the big hitters, and they’re the first things you might think of when you hear “digital products.”īut there are lots of other ways you can create digital products from your own knowledge, creativity, skills and expertise – and you don’t need a film crew or a team of software developers to do it. But they have value-to the tune of a projected $331 billion industry. They are intangible, in the sense that you can’t touch them. What is a digital product?ĭigital Products are any virtual item you can pay for, and download instantly. Selling through an online course and membership platformīut, before we review the best digital items and where to sell them, a quick overview.This article should give you an idea of the best digital products that you can sell online, and where you can sell them. Best of all, you get a chance to put your knowledge and talent to work helping others. Whatever your reasons are, diversifying your revenue-and finding new ways to earn from home-is a smart move. You may have hopes of making it big, or maybe you just want a passive income stream that can grow to eventually replace your job. Whether that stream is a trickle or a torrent will depend on how much time you invest, the quality of your products, and how well you promote them. Selling digital products is a low-cost, low-hassle way to open a new revenue stream.
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