With the rapid improvement in the virtual world, folks of the 21st century are getting crazy in searching, “how to make money selling digital products online”.
So far up to the end of the last century, “digital product” was a pretty unknown word for many of us. Even in the early years of the present decade many of us were not aware of this term.
It was simply known to us that, “a product means something which gets manufactured in the industry and then gets sold to the consumers via dealers. People can use a product by touching them physically.” But in this smart century, this is not a definition of “product” anymore, rather this is types of products are defined as “physical product”.
With the changing scenario in the 21st century, “touching” is not a necessary factor to be a product, rather if you can utilize something by simply sensing them, that is sufficient to remark as a product. “Sensing” includes everything… touching, listening, watching, earning, learning, everything.
So, A product may be defined as something which is created by mankind and can be utilized by simply sensing (not only touching) them. And overall products has been divided into 2 basic categories…
- Physical Products
- Digital Products
What is a Digital Product?
Digital products are kind of virtual products. You can’t touch them while using, though a physical product (electronic) is required to operate them.
Digital products get prepared in the electronic medium and also sold/transferred to the consumer through an electronic medium (i.e., website, email). However, customers can utilize a digital product only within the electronic medium.
The products you can not feel in your skin, but still, they fulfill your requirements, you can sell them, your customers can buy them… these are called digital products.
Do you know which are the most common digital products in the market?
You actually use them almost every day –
- Online Video
- Online Music
- Online Courses
- Digital graphics and themes
- Stock photography
You’ll find more similar items in the market.
Semi Digital Product:
Amazon.com, Alibaba.com, booking.com, etc. are some well known online platform, and people are selling many physical products using those platforms. If you promote those products as an affiliate, you can make real money selling those products.
For the sellers and the buyers, those are physical products because they are handling and utilizing the products by physical means. But as an affiliate, you are promoting the products by digital means, it never reaches to your hand when transferring (shipping) from the seller to the consumer, still, you are earning revenue. So those are kind of digital products for you, maybe called semi-digital product.
Selling Digital Products vs Physical Products
Selling a digital product offers you a great opportunity to earn money at a faster rate, right from your home, in comparison the physical products.
You must be wondering… how?
Did you ever manufactured and sold a physical product? If you did, you already know about the barriers in business with the physical product.
Business with physical products
If you are a manufacturer of a physical product, you need to invest a lot of money to build the infrastructure and you need to collaborate with the partners. Further, you need to sell the products through a shop (you have to buy/rent a shop), websites and by courier service, and you have to invest a lot for marketing. Overall, you should have a great financial condition before you jump into the business of physical products.
Moreover, things are highly dependent on customer satisfaction. If customers are not satisfied, you have to go through the harsh process of return and replacement.
Even if you are not the manufacturer but only selling physical products online, still you have to maintain the following “to do” list:
- Search for the resources.
- Search for the consumers.
- Maintaining inventory.
- Packaging the ordered products for shipment.
- Shipping the products.
- Update shipping details to the customers.
- Finally customer satisfaction: Dealing with returns and replacement procedure.
- Overall investment: resourcing, store/shop, website, workers, advertisements, shipping.
Dealing with digital products
Selling digital products is not that much painful, especially, in terms of investment, physical pressure, partnership, and service.
You just need to create digital products using your skills, and then sell them through your online platform, maybe your own website or other platforms.
Alternatively, you can simply promote others’ digital products to earn revenue as an affiliate (the best way).
To make money selling digital products online, you just need to invest in the following things:
- Physical tools for operating the business (hope, you have your own computer)
- A website – your business platform (create your with me only in 5 minutes)
- Few other equipments for any special creation, such as a camera for photography.
- A few bucks for advertisements (learn how to promote a website without advertisements).
- Love your business, and invest your time there (I didn’t say money)
What do you think? Isn’t this easier than a crude business with the physical products?
Ways to make money selling digital products online
There are mainly two ways to make money from digital products:
- Selling digital products which are created by yourself.
- Promoting digital products created by others.
Digital products originated by yourself
You have some digital skills, that means you are the creator. You can simply sell your products through a platform
As example, if you are a photographer, singer, good teacher, writer, App builder, graphic designer, you can easily build up a platform and sell them online.
Selling Photography online
Suppose you are a photographer. Create your website and upload some of your works there, and also offer photography related services to the other people. Further, you can earn money by posting your photo to the stock photography website and drive traffic to your own website for more business.
Did you notice, nowadays there are learners everywhere?
Selling online tutorial is a very popular business in the 21st century.
If you are experienced in a topic and love to teach, you have a great option to share your knowledge to society. You can create training videos or tutorial posts and sell those through your own website. For marketing, you can take help of YouTube advertisement, etc. If you are a good speaker you can attract huge traffic from YouTube.
What are the profitable areas that you can teach online?
- Students’ lessons on basic/engineering science.
- Lessons’ to learn a language.
- Courses on marketing techniques.
- Courses of photography and videography.
- Training on arts and drawing
- Graphic design
- App development
- Website development etc.
Sell Your Graphic Design
Do you have experiences in graphic design?
If the answer is YES, you are then going to be a millionaire if you use your skills proper way. Demands for the logos, icon, visiting cards will increase day-by-day, because new companies, websites, and businesses are starting every day, and most of them are interested to create icons in a professional way. You’ll get hundreds and thousands of customers.
You have to create a website and upload several themes for logos/icons. People will visit there, select their favorite image, create logo/icons, save there, log in to your website and purchase.
Besides, you have option to start an online training course on graphic design skills.
Fitness Trainer and coaches
This is quite similar to the online tutorials.
Did you ever notice, nowadays people are very conscious of their body fitness, body shape, body development, etc.?
If you have knowledge about any of the body fitness related area, you can start your online business immediately. You can create some step-by-step videos of body fitness (i.e., Yoga), you can create a tutorial on the best ways to lose belly fat, etc., and sell them through your website.
Other professional services
You have the options to start your online business if you have any other expertise as:
- Web designer
- Legal professionals
By the way, all the discussions performed above drives you to create your own digital products. I suppose you are not interested to create something on your own, but still, wish to make money online selling digital products.
Don’t worry! You have better options to earn much more than you expect.
Sell others’ digital products as Affiliate Marketer
The world of digital products is really versatile. There are hundreds and thousands of digital products on the internet.
Some of the most profitable digital products are:
- Health and fitness
- Online tutorials
- Online training courses
- Apps and software
- Web host
- Online movies and music
- Ways to becoming slim
- Graphic design
- Body developments
There are many others, but these are the most popular.
None of these products are created by you, but still, these digital products can offer you a full-time earning source if you sell them in a proper way.
You need to sell them through your website via affiliate links, and you’ll earn revenue with each and every sell. This is a simple process, and people are earning millions by doing this job right from home.
Not only the digital products, but you can also promote physical products sold in the online platforms, such as Amazon, eBay, Share A Sell, etc., but in general, digital products offer more revenue in comparison to physical product.
If you surf the internet you’ll find thousands of affiliate programs, and you have a golden opportunity to promote those products in front of more than 4 billion people surfing the internet every day.
But, things are not easy unless you sell them in a proper way.
How to sell digital products in a proper way?
The process of selling digital products is simple, but you have to attract your customers in a proper way. Like any offline business, you need to earn the faith of the visitor/customers. If you earn a bad reputation in the online world, you’ll have a very difficult time.
To increase the traffic/customers in your online business website you have to follow some rules.
- Create a professional website proper way
- You must host your website in a fast server
- Write contents perfectly using ideal keywords: MOST IMPORTANT
- Create related videos
- Follow the rules of Search Engine Optimization
- Find your audiences: Don’t wait for the people to come.
- Use social media in a proper way.
- learn about email and SMS marketing (avoid scams!).
You must have detail knowledge about the above list before start selling digital products, in fact, you need to know these to build up any type of online business. Otherwise, you’ll lose lots of money in advertisement, but the outcome will be zero.
Now, It’s Your Turn
Make money selling digital products right from your home is a very profitable business idea. Digitization is the greatest trend in the present decades, and it is going to be increased day-by-day. I guess you have already noted, people love to carry digital money rather than physical cash, which was pretty unusual just a few years back.
People are hungry to learn online courses, online fitness training, ordering everything from the online market, etc. Right at this moment, the future in the online world is brighter than ever. Online platforms are facing high competition and they are searching for good affiliates who can drive the maximum customers to their stores. A great future is waiting for good Affiliates.
If you decided to start selling digital products (even physical products as an affiliate) from a faithful platform, you can join us, we shall lead you to the perfect way with proper training, tools, hosting and ultimately introduce you to a great community with widespread helping hands. Wealthy Affiliate is offering you all these facilities at the lowest cost. However, you can join as a FREE STARTER MEMBER, where you have to spend absolutely $0 to join (no credit card information required).
Yes, this is the platform where I started my online career a few years back, right now I am earning in 4-figures per month which is much better than my past full-time employment.
I learn a lot from Wealthy Affiliate platform, though I work hard too. I believe success never comes without working hard. (If any company claims to make you rich overnight without any hard work, that is definitely a scam!) Wealthy Affiliate doesn’t believe in getting the rich quick formula, because this doesn’t exist. Work hard, build up your business slowly and make it everlasting, this is what Wealthy Affiliate teaches.
If you decided to join Wealthy Affiliate with me, I’ll help you personally in every step whenever you need.
If you have any query you can ask that in the comment box below, I shall be more than happy to answer all of them.
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Dr. SD is an aspiring Internet Entrepreneur who started his online business besides his day job. He is presently a Full-time Affiliate Marketer at Wealthy Affiliate, a community to help anyone start their own online business without prior experience. He received the full courses on the platform and started several online business one-by-one. Read more about his philosophy and his story here!