danielmoss
Iron
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- Sep 5, 2024
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Examples of digital products: ebooks, online courses, design templates, audio guides, etc.
You should definetely invest in having digital products. Here's why:
• Low entry barrier. You don't need much to develop them. Just a computer and some basic skillsets - maybe video editing, design - which you can learn for free on the internet. You can even buy master resell rights of other products, rebrand and sell it as yours.
• They are infinitely scalable products: once you create one you can sell them forever for as many times necessary. No additional cost. No shipping issues. No update necessary.
• You can create subscription based products to get recurring revenue. If you create a product that people need to monthly subscribe to get access, you will have a constant income stream.
• If your digital product appeal to a broad audience and have evergreen appeal, you can easily sell it for years to come.
• As you grow an audience overtime, get more exposure or credibility you can raise the price and make even more money.
That's it. It's definetely something you should add to your income streams. If you blow up a high ticket digital product (like $1000+ price) you can make thousands fast as fuck.
You should definetely invest in having digital products. Here's why:
• Low entry barrier. You don't need much to develop them. Just a computer and some basic skillsets - maybe video editing, design - which you can learn for free on the internet. You can even buy master resell rights of other products, rebrand and sell it as yours.
• They are infinitely scalable products: once you create one you can sell them forever for as many times necessary. No additional cost. No shipping issues. No update necessary.
• You can create subscription based products to get recurring revenue. If you create a product that people need to monthly subscribe to get access, you will have a constant income stream.
• If your digital product appeal to a broad audience and have evergreen appeal, you can easily sell it for years to come.
• As you grow an audience overtime, get more exposure or credibility you can raise the price and make even more money.
That's it. It's definetely something you should add to your income streams. If you blow up a high ticket digital product (like $1000+ price) you can make thousands fast as fuck.
