Imagine being able to make money while you sleep, like real money. Orders come in and products are delivered, all without you having to be actively involved in the process. Sounds like a dream, right? With these digital product ideas, I promise you it’s not.
The ‘game’ of selling digital products is a wildly lucrative industry that anyone with access to the internet can do. Not only is it a booming market, but it also provides excellent income-earning potential for entrepreneurs and business owners alike.
In this article, I’m going to give you six profitable digital product ideas that you can sell or distribute online.
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Why Digital Products?
Unlike physical goods, digital products are much less difficult to sell and even less difficult to distribute, making them a great option for people who are looking to make some extra cash.
Digital products are intangible goods that are delivered electronically through the Internet. Online training courses, NFTs, eBooks, downloadable web templates, audio files, or podcasts you’ve seen or heard are shining examples of digital products.
Because digital goods aren’t products you can physically touch per se, they’re conceivably a great way to make some extra income. Even still, if you’re trying to make money creating and marketing digital products, it’s important that you choose something that’s easy, scalable, convenient, and cost-effective to make.
Six Profitable Digital Product Ideas To Sell Online
If you’re thinking about creating and selling digital goods or using them to complement an existing business, here are six great (and profitable) digital product ideas worth considering.
1: eBooks
If you love to read, nothing compares to turning the crisp pages of a new book. That is, except maybe a book that doesn’t take up any shelf space and arrives instantly.
Over the past decade, eBooks have grown tremendously in popularity, so much so
that the global market share is projected to be valued at more than $20 billion this year.
The perks are undeniable. Not only do customers get immediate access following their purchase, but they also eliminate unsightly clutter from books. But the biggest benefit? When you author eBooks, you simultaneously save thousands of dollars on the creation and publication process, making it far less difficult to produce than physical ones.
2: PDFs
Did you know you can money selling PDFs? In fact, given how versatile they are, PDFs, short for Portable Document Format, are great digital product ideas for people new to the industry.
Some of the most popular (and profitable) PDF downloads are:
- Business plan templates
- Tutorials
- Daily planners
- Downloadable guides
- Checklists
- Activity forms
- PowerPoint presentation templates
- Digital cards/invitations
- Resume templates
- Financial charts
- Social media templates
- Education materials
- Recipe cards
- Fitness planners
Not only are all these products easy to make, but they also appeal to a broader audience or can be narrowed down to a more specific niche. Moreover, PDFs can be purchased as a bundle or sold separately—it’s totally up to you. If you want to be fancy, you can even present consumers with the option to make their own bundles for a discount on the price.
3: Online Training Courses
By 2025, the online education industry is expected to be valued at over $300 billion, and for great reason. Since COVID-19, the demand for online learning options has skyrocketed. Suddenly, an already booming industry is seeing more people in search of convenient and cost-effective ways to learn new skills.
Because of this, online learning has become one of the most fruitful digital products to market. Training courses can be delivered in the form of audio, video, text, or a combo of all three. And, with countless course creation platforms available, it doesn’t cost a lot of time or money to create.
4: Online Services
Upwork, Grammarly, Fiverr, Google Docs, and Teramind are all examples of popular online services that are increasingly in demand. Thanks largely to the pivot in remote work, the need for freelance services, co-working, and time management tools has skyrocketed.
I won’t lie to you, it’s a competitive industry, but there’s always a seat at the table for new tools and creative services that cater to more specific audiences. The best part is that there are numerous categories for you to choose from, including:
- E-commerce
- Education
- Finance
- Information
- Networking
Once you’ve chosen your niche, the most important thing to do before creating anything is to make sure you fully understand your target market’s needs. Doing this will give you the best insights into how lucrative your service is, how long it will take to get the ball rolling, and help you identify your ideal price point.
5: Membership Websites
Membership websites are subscription-based platforms that give enrolled participants access to exclusive content—typically educational material that comes with the expectation that new content will be shared frequently on a recurring basis.
The biggest advantage of this kind of digital product is income consistency. Generally, subscription-only plans are offered on a weekly, bi-weekly, monthly, quarterly, or yearly basis. For a higher cost, some websites even offer lifetime memberships.
6: Downloadable Graphics or Art
As far as digital product ideas are concerned, downloadable art and graphics are a great option if you’re creative and skilled with programs like Photoshop and Canva. When establishing a branding strategy, entrepreneurs and business owners who can’t necessarily afford to have a graphic designer on their payroll can afford art bundles or freelance services.
Icons, fonts, logos, brand kits, headers, blog banners, templates, clip art, and graphics can be created easily with practically any editing program. Whether you’re offering editable templates or custom artwork, if you’re artistic, there are countless opportunities to make a lot of money with this type of digital product.
Ready To Start Selling Digital Products?
These are just six digital product ideas worth considering if you’re looking to create and sell digital goods as a steady source of income—but the options are truly never-ending!
If you’re looking for an easy way to create passive streams of income, you need to consider this lucrative industry. With countless product choices, low overhead, and storage costs, it’s practically a no-brainer!
So, what are you waiting for? Learn how to sell your first digital product and turn your hustle and skills into cold, hard, cash.
…And don’t forget to secure your spot for my FREE + EXCLUSIVE online training, ‘Teach Me The Tax Game’ and learn how to get started in the tax preparation business and make $100K in just 90 days!
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