What Are the Best Digital Products to Sell Online?

Digital products are great and have the advantage of being delivered immediately rather than having to wait days or even weeks for delivery. Of course, not every product can be sold online – yet, although in a few years digital printers may solve some of that (I can just imaging printing a pair of Crocs!) as the technology becomes more popular. But what are the best digital products to sell online currently?

Your own digital product

This offers the highest possible margin as you get to keep 100% of the retail price, less a small consideration to Paypal or your credit card provider.

If you’ve built up a list of potential customers, this has the added advantage that you can email them and make some immediate sales.

Of course, it assumes that you’ve created your own digital product such as an ebook or software or a series of audios or videos. But that actually takes surprisingly little time, so don’t rule this out as a possibility.

Apps

Anyone with a smart phone is a potential customer. Which makes this a big and growing market, especially when you add in the number of apps that the average smart phone user has on their device.

Apple and the other app providers offer an affiliate program. You need to apply for this in the usual way (filling out basic details, etc) and may have to wait a short while for approval but after that you’re free to start promoting these digital goods.

Kindle books

These could be books written by other authors or by yourself or a mixture of the two.

Kindle books tend to be cheap – anything from 99 cents upwards – so it’s unlikely you’ll grow rich selling them. Although, that said, there are authors who’ve sold in excess of a million Kindle books so it’s definitely possible.

You can achieve 70% royalties on your own books if you price them between $2.99 and $9.99 or 35% royalties outside that price range.

And selling cheap Kindle books on your own site can help take the percentage Amazon pay out up another level or two because Amazon put their commission bands in terms of units sold, not value sold.

Other people’s digital products

There are lots of affiliate programs out there who include digital goods in their mix.

Clickbank has a majority of their products in digital format, Commission Junction includes various suppliers including those of digital products. And there are lots of other programs that you can find – usually as simply as adding the word “affiliate” to a regular search.

Selling Digital Products – Tips in Boosting Your Sales

Digital products are among the popular products that are being sold nowadays. From eBooks to computer software, you can actually find them everywhere on the internet. If you are one of those selling digital products online and is looking for ways to boost your sales and your profit, here are a few tips that you might find useful.

– Sell them through affiliates. One of the most successful marketing strategy when it comes to selling online, and probably offline as well, is through affiliate marketing. This marketing technique works on an affiliate program where affiliates will promote your product or refer potential customers into your website. When a sale is made, you will then pay your affiliate with a commission you previously agreed upon. This technique is often advantageous to digital products seller as you will not burden yourself of promoting the product as well as driving traffic to your site as this are all done by the affiliates.

– Build your website online. Of course, the first thing that might come into your mind when it comes to selling digital products on the internet is to make your own website, find your target customers and introduce your product to them. Although this can require a lot of hard work, this will also help establish your business. Of course, you have to market your website as well.

– Introduce and sell your products in social networking sites. Aside from being able to create a business page on social networking sites allowing online users to check out your product, you can also sell them in the online marketplace where people meet to buy and sell.

– Submit your digital product to online databases or online stores. This will give your product more exposure to people who are looking for digital products. This will also make your marketing easier as well.

– Give out free trials on your products. If you are selling computer software, you can provide a limited trail period for free usage of your product. You can also give out free copies to those who will win contests that you sponsor, or if you are selling an eBook, you can also give away limited copies as well to your loyal online readers.

– Copy your digital products on a CD or DVD and sell them to friends and acquaintances. You can also allow local businesses to give a few samples as incentives to loyal customers, especially those who are most likely be interested in your products.

– Sell them in online classified ads or sell them in online auctions. These are popular sites that people can think of if they want to buy something at the best price, so take advantage of this as well.

Selling digital products are indeed one of the most profitable businesses you can venture to without having to cost much on the marketing. Your eBooks for example, does not need printing. If you want to sell the physical product, you can simply store it in a CD.

How To Create Digital Products For My Business?

It’s easy to create residual income with digital products no matter what industry you are in. You just need to know where to start.

What is a digital product?

A digital product is something that is delivered directly to a customer electronically, usually over the internet. The possibilities are endless. You can deliver audio, video, books, worksheets, and even complete courses online.

With today’s smart phones, you pretty much have all you need in the palm of your hand. You can take photos, audio and video directly from your phone. You can upload them online directly from your phone. You can manage an autoresponder directly from your phone. You can even update a WordPress webpage directly from your phone.

No longer is the use of technology a barrier to creating great digital products.

What kind of digital product can I create?

The digital landscape is only tethered by your imagination. Here are a few examples I personally know about:

· A cake baker released some of her ‘secrets’ and created a six figure a year ‘side’ income using video training.

· A dog trainer created simple training and is making more than six figures with his business model.

· Just last week I was on a training call with a writer who is making seven figures after quitting writing and developing products for writers using a simple, and free, mind map software.

· Personally, I know a house inspector who is developing a software to help his business that he plans to sell to other inspectors. The software was already created, he just needed to make it fit his niche.

As you can see, there are opportunities no matter what industry or niche you are in. Just look at what you do for your customers. Look at what you know about building your business. I bet if you asked around you could find something that you enjoy either professionally or recreationally that could easily become a digital product.

Step One: Find a need

Every great product starts with a single problem. The key is to solve it better or in a unique way than someone else. I like to ask myself these three questions:

· Can I make something easier?

· Can I make something faster?

· Can I automate something?

· Can I introduce it to a new crowd?

Step Two: Connect with an audience

Find those people who would be most interested in your idea. Go into forums, social media groups or blogs and get to know them personally. While on these sites, take note of the problems they mention. Jot down the exact words they use to describe their problems.

Step Three: Create an outline and produce a product

Use Amazon or look at your library or local book store. Find a successful book and see how they outlined their training. Don’t steal their ideas, just use it as a guide as you make a product that is uniquely yours.

Step Four: Deliver the product

Use a webpage or autoresponder to deliver your product. Once you get some interest and gain some customers, you can pay to develop a different way to deliver your product like a membership site or an online digital store. The possibilities are virtually endless.

Why would people buy from me when they can get it for free on YouTube?

This is a great question. People want to have everything in one place. They don’t want to go all over searching for it. If you make it convenient and solve a real problem for your customer, they will want to come running to your products.

I recently saw a product released that was a two page document with links to YouTube videos and other training sites. People were buying this product like hot cakes because they saw the value in having all the resources in one place.

Conclusion

Digital products take up no inventory and can be delivered day or night without you having to be there. The key is to create a good system that does all the work for you. Then, simply create something that is so valuable and uniquely you, that people fall in love with your product and come running with their wallets open.

Price Points For Digital Products – What You Need to Know

Having your own digital product is an excellent concept because it allows your buyers to instantly gain access to your product without the disadvantage of having to wait for it to be delivered via mail. They also gain access to the information right away so that they can instantly begin putting it to work for them. This is a huge advantage especially if you’re offering a “how-to” type of product or offering a product where you’re teaching your buyer something. Digital is the way to go not only do you gain something out of it by getting instant sales with very little effort, but the buyer also gains by not having to wait for the product. They can begin using it as soon as they pay. Think about this, imagine you are selling a marketing product to other online businesses. You know how quickly the internet changes. Imagine offering them access to proven tools and strategies that they can instantly use to grow their business.

If you’re offering a very good product with a strong offer, I bet most of those businesses would not hesitate one second to buy from you. They’d want to instantly put into action your strategies right away so that they can begin making more money as soon as possible. Digital products would allow them to do this. The instant download would allow them to implement what it is you teach within minutes and not have to wait a week or two for your product to arrive in the mail. That one or two weeks of waiting could cost them hundreds or even thousands of dollars simply because they’d be losing time – the time they could of spent implementing the strategies you teach with your digital product.

Of course, you’ll also have to price your digital product well in order to gain sales. So, what’s the best rule of thumb for determining the price point for a digital version of a tangible product? If your tangible product is let’s just say $997, what should you sell the digital version for? Well, the first thing you need to realize is that if you have a tangible product, and if you can create a digital version, this can work to your advantage.

What you can do is strategically create two different price points. For the tangible product that you’ll send them in the mail (which will take them a bit longer to receive), but they’ll have the convenience of having the hard good with them anywhere they went. They could comfortably read it on the sofa, relax at a local cafe or take it to the beach. They’ll have the convenience and comfort of the hard copy. So, you could offer it to them for $997. A lot of people place more value on hard tangible goods.

You could then offer those people on your list who refuse to buy a discount of 50% if they decide to purchase the digital version. So, you’re offering it to them for $497 – a $500 discount off of the retail price because you’re giving it to them digitally. That’s what I recommend since you’ll be able to make sales off of those customers who initially refused your offer because it seemed too expensive to them. The digital version gives them the option to still gain access to the product although they won’t have the advantage and convenience of the hard good. That’s actually how I did it on one of my product offerings.

What I did was I sold this package for $997. I made the offer online. I said, “…hey, this package is $997.” And then if they said no to it, what I did was I dropped it down to the digital version and they got it for half-price and they got it instantly! And I just realized I should’ve done that for all of my product offerings because that’s just quick digital cash! I’m just hitting myself right now for not using this strategy on all of my products, but better late then never.

So, if you want to tap into a market that may not have the ability to pay for your initial product offering, if you have a hard good consider a digital version. You’ll be able to gain access to cash that would have otherwise been lost. Look at all of your options and look at your market from every angle. There may be opportunities that you never knew existed.