Generate More Income by Selling Digital Products Online
By selling digital products online, you can create extra income or expand your business. Selling digital products does not involve as much risk as selling physical products since you do not need to buy or stock inventory, or manage shipping and returns.
1. Choosing a Topic for Your Digital Product
To find topics to base your products on, make a list of the biggest problems that your audience faces. You can find ideas by looking at the types of questions they post on forums or by looking at popular books in your niche. Your product should help solve a major problem that your audience faces. For example, if there is a new tool that people in your niche need to use but there are no easy to follow instructions for it, you can create a course.
2. Types of Digital Products
There are several types of digital products that you can sell and the type that you choose will depend on your niche. Some of the digital products that people sell online include e-books, tools and templates, membership subscriptions, photos, original music, online courses, apps, and services.
3. Finding the Right Tools
One of the ways that you can sell your product is by setting up e-commerce on a WordPress website. You can also use services and tools to sell your digital product even if you don’t have a website or an e-commerce store. You can set up landing pages using services such as Leadpages and use an email service provider such as MailChimp to create opt-in forms. To handle payments for your product, you can use tools from e-Junkie, Shopify, or Selz.
4. Selling Your Digital Product
You can promote your product in a variety of ways. Here are some tips:
● Offer a free product that is related to the product you want to sell. This can be a mini version of the product for sale. It might be an e-book with some tips. It will give people value, which builds the “know, like, and trust” factor. It will also demonstrate to people that you know your subject and will help to get your customers ready to buy your product.
● Promote the product that you want to sell inside of the free product. Provide a link to the product and offer a coupon code.
● Promote your free product in your newsletter, as a free download, and on social media.