New to Selling Digital Products? Here’s a Beginner-Friendly Guide to Making Money Online
The sale of digital goods is now regarded as a highly lucrative and simple method for generating income online. Why? Because digital goods do not require you to maintain an inventory, provide shipping or have a large initial investment. You make the product one time and can sell it over & over while you sleep.
If you would like to start building a side income or create an online company which can grow and expand, this article will explain to you what digital products are, as well as how you would go about selling them and achieving success in this field; even if you are a first time seller.
Digital Product Options
Digital products exist in a non-tangible format, delivered electronically to the customer for download or access upon purchasing.
Digital Product Examples:
E-Books & How-To Guides
Printable planners/journals
Templates (Templates: Canva templates, Resume Templates, Social Media Templates, Business Template)
Notion Dashboards
Online Courses
Checklists & Worksheets
Stock Photos/Graphics
Digital Artwork
Digital products can be considered passive income opportunities as they require little maintenance. As a result, selling these products has become increasingly popular.
The popularity of selling digital products can be attributed to:
✅ Low Start-Up Costs or No Start-Up Costs
✅ No Need for Physical Inventory
✅ High Profit Margins
✅ Ability to Reach a Global Market
✅ Flexibility in Working Hours
✅ Tools available for beginners
You do not need to be an experienced seller; rather, your focus should be on meeting customer needs or providing solutions.
What digital goods have the highest sales volume?
The best-selling digital products will usually fall into one of three categories: They help reduce wasted time, They help customers find solutions to problems, and, They help customers learn faster and more effectively.
Digital Product Ideas That Are Currently in High Demand
Budget Planners, Fitness Trackers, Study Notes, Resume Templates, Plans for Starting Your Small Business, Content Calendar for Social Media, Meal Planning, Self-Improvement Worksheet or Tool
When developing your digital/product idea, it’s critical to be as detailed as possible to ensure it has a significant market.
Creating a Digital Product in Four Steps
1.Identifying a Problem
Ask yourself:
What problems do people experience?
What questions do people most often ask me?
What problems did I have that I fixed for myself?
Example: Can’t get organised → Make a digital planner.
2.Choosing the Right Delivery Method
Determine how your solution will be delivered (example):
PDF
Spreadsheet
Template
Video
Workbook Keep it as simple as possible… especially on your first product!
3.Make Your Product
Use basic tools to create your product that are easy for beginners to use (examples):
Canva
Google Docs
Google Sheets
Notion
Be focused on being readable/useful, not perfect.
4,Select a Platform for Selling
Some common platforms where you can sell your products include:
Etsy
Gumroad
Payhip
Shopify
SellNow
These platforms are responsible for the payment and delivery of your product to customers.
5.Promoting Your Product
Regardless of how great your product is, it won’t sell unless people can see it!
Here are examples of how to promote your product:
TikTok; Instagram Reel; Pinterest pin; blog; email newsletter.
Consistent promotion is much more valuable than trying to promote your product with the hope of becoming ‘viral’.
Your Income Selling Digital Products – How Much?
Digital product income will vary based on price and number sold.
Example:
Pricing at $15 per unit, if 10 units are sold every day:
$15 x 10 = $150/Day
Monthly Income (30 Days) = $4,500.
With steady & consistent small sales, you could eventually have a decent income from selling your digital product.
Mistakes Newbies Often Make.
- Making items without any research
- Attempting to market to everyone.
- Complicating the item.
- Quitting too early.
- Not advertising regularly.
Don’t forget, you improve through practice and constructive criticism.
[Ways To Speed Up Your Success]
- Choose one product.
- Address a specific issue.
- Employ a straightforward, simple design.
- Observe your competitors.
- Enhance your item as time goes on.
- Establish credibility with your client base.
[Most Frequently Asked Questions & Answers]
Q1. Is it necessary to have experience in order to market digital products?
A. No, all you require is a small amount of knowledge about your intended market, or simply to be able to outline information in a coherent manner
Q2: What is the timeframe of generating revenue?
A2: For some people generating revenue from digital products may take only a few days, while for others it could require several weeks. Successful, continuous marketing is critical.
Q3: Do I need my own website?
A3: There are various platforms, such as Etsy and Gumroad, that will allow you to sell your digital products without having your own website.
Q4: What if my product doesn’t sell?
A4: This is normal. Review your pricing, product description, and marketing strategy, and improve what you need to in order to try again.
Q5: Are digital products really a source of passive income?
A5: Yes, they can eventually become a source of passive income; however, it will require upfront work to create and market the digital product.
Final Thoughts:
If you have a digital product idea, selling digital products is one of the best ways for beginners to start making money online. You do not have to have any experience to be able to sell great digital products; you only need basic tools available and promote your product consistently. If you have never created a digital product, this can be an exciting opportunity.
You don’t have to have everything figured out before you start. All you need to do is take that first step and start working on your product.
What is your digital product idea? What’s stopping you from making this a reality now?
