A digital product is any product you sell online with no physical form or substance. Most digital products are either entertainment (such as music or a storybook) or educational (such as a course or instructional ebook).
If you are interested in learning more about digital products and starting your business in them, book a seat in a free seminar by John.
Why create digital products?
Scalability
The best advantage of digital products is that you can reach a much larger audience without having to work harder or spend more money. Suppose you want to share your expertise with people. You can create an ebook and sell it online to many people.
Passive income
Another reason digital products are great is that they require little effort after launch and will continue to help you make money online. Digital products can be purchased anytime and never need to be restocked.
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Low startup cost
If you run an ecommerce business, you may need to buy some of your products in advance. As a result, you will have to pay for both the products and the storage space. You only have to pay for your website and marketing costs when selling a digital product.
Easy to manage and sell
Managing digital products is far simpler than dealing with physical inventory. You only need digital storage and a website (or marketplace) to keep things organized. You are not required to stock shelves, manage supply chain logistics, or handle shipping. Your digital product store is always open and ready to serve customers.
The way of the future
People are increasingly gravitating toward the digital world. They spend time on the internet and, soon, the metaverse. You can serve this ever-expanding market with on-demand digital products. Creating digital products can be a highly profitable business.