This is the second article in a series of articles we are writing on what type of products you can sell online. If you have not done so already, be sure to check out part one where we discuss 10 physical products you can sell on your website.
In part 2 of this series we are going to focus on digital products. The great thing about digital products is they require no inventory and no shipping. Being that they are digital the buyer will be able to download the product immediately after purchase.
Here are the top 5 digital products you can sell on your website:
Ebooks
By the end of 2018 consumer ebook revenue is expected to reach $18.9 billion dollars in the United States. And the crazy thing about all of this is that ebooks have yet to really go mainstream. So there is still a great deal of upside to selling ebooks online.
One of the things you will really love about ebooks is their high profit margins. Being that it is a digital product you have virtually no other expenses other than the cost of having the ebook created should you choose not to write it yourself.
Now I know what you’re thinking. Your probably telling yourself right now, “I can’t do this I don’t have anything to write about”.
Well my friend you are wrong. Each and every one of us has something that we are very knowledgeable about. You are an expert and you don’t even realize it. Just think for a second, what is the one thing that everyone always ask you how to do?
Is it something related to fitness? Cooking? Relationship stuff? Whatever it is, that one thing could literally make you millions if you know how to monetize it the right way.
Writing your own ebook and selling it on your website is one of the best ways to establish yourself as a credible authority in your niche. As long as you provide massive value your ebook can and more than likely will lead to other opportunities.
Online Courses
We now live it what is known as the information age. People are thirsty for knowledge and they are willing to pay for it.
Thanks to platforms such as Kajabi stay at home moms have been able to build 7 figure businesses by selling online courses. And if you look at some of the most successful internet marketers you will see that they are all selling online courses.
Unlike ebooks, online courses can be somewhat interactive. The viewer is not only able to hear what you are saying, but they are also able to see you do it. This makes it easier for them to learn whatever it is that you are teaching.
Due to the nature of online courses, the perceived value is much higher than that of an ebook. The average ebook will cost you around $27. In some cases, depending on the niche and a few other key factors, some ebooks can even sell for $97.
Online course on the other hand sell for anywhere between $497 all the way up to $9997. Here are a few success stories that are sure to inspire you to create your own online courses.
BEHIND THE SCENES: HOW DOUG MADE $77,373 IN 11 MONTHS BY SELLING ONLINE COURSES
You can also check out these examples of online courses built using Teachable.
Software
If you are looking to take your income to the next level, selling software is the way to go. Right now software development and distribution is having a huge impact on the US economy. Not only is it a trillion dollar industry, but it is responsible for creating over 10 million jobs in the last few years.
One of the many reasons you should sell software online is due to its extremely high perceived value. If people believe a software will help them reach a particular goal faster, they are more than happy to spend thousands of dollars on it.
Just look at Clickfunnels, a software that makes it easy to design awesome funnels for your online business. Russell Brunson was able to take that company from $0 to $100 million in 3 years.
Another reason you should sell software is because there is a lot less competition in the space. It takes a great deal of time to create a software product. Very few people have the patience to actually stick it out.
Work Out Videos
If you are in the fitness space selling workout videos is a great way to monetize your website. The best example I can give you of this is with fitness expert Holly Rigsby. She created Fit Yummy Mummy which is basically a collection of health and fitness videos she sells on her website.
While he business model is a lot more complex than just that, at the very core she is selling workout videos and making a very good income in the process.
To make fitness videos all you need is a camera phone and a plan. You don’t need to create some world class production to make money. You just need to create something that will really help people.
Music
The internet has made it possible for all of us to get a piece of the pie. Musicians are no longer forced to seek out contracts from big record companies to get their music out to the world. Instead they can turn to the internet and sell their music on their own terms from their own website.
Sites such as Tunecore give artists the ability to have their music distributed to over 150 digital music platforms. They also make sure you get a fair deal and are able to keep 100% of your sales revenue.
As a musician having your own website will help you build your brand. You can then showcase your music and continue to build your fanbase. Once you build your fanbase you can branch out and start selling other products such as t-shirts and other memorabilia.
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