Advantages of selling digital products
Tangible products are products that you see with your eyes, like clothes, shoes etc. Holding such products in your hands may make them look much more valuable. But sales of intangible products (digital products) can also be advantageous.
Let us see five advantage of dealing with digital products.
- Logistics: When it comes to creating a digital product, you don’t need to worry about robust production logistics. You are not thinking of how to transport raw materials or warehouse your finished goods. Also, you will not be charged for shipping or other forms of handling.
- Return on Investment (ROI): the return on investment is high for a digital product because you tend to keep a share of the income to yourself. It gives you room to automate your sales. As such, your day to day input is minimal. So you are on your way to making passive income and building a brand.
- You can expand: Since your input to daily sales is minimal, you can expand your business without any technicalities. Implementation and delivery are automated, so your cost will be on hosting and marketing services. You can reduce to the barest minimum by investigating the right platforms.
- On the spot returns: the return from selling digital products is almost immediately. Revenue from selling a digital product is different from blogging or affiliate marketing. Creating a product of your own and selling it makes all the difference
- You are in charge: As I sell it is different from affiliate marketing or blogging. Here you pull the trigger. You determine how and when to create a new product or an update. You can decide to sell the same product over and over again. Your entry barrier into the industry is low, your cost is low, and your inherent risk is extremely low.
Here offering self –service and building your brand through effective customer services is very possible.
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AndyN1
Premium
Hi Ayodeji
Thanks for another thought-inducing article. I have been thinking about creating an eBook. Do you know whether the content of eBooks is visible to search engines. I could use much of the content on my site in eBook format with very little editing but I would not want to do that if it would be competing with my posts for SEO traffic.
Thanks and best regards
Andy
Thanks for another thought-inducing article. I have been thinking about creating an eBook. Do you know whether the content of eBooks is visible to search engines. I could use much of the content on my site in eBook format with very little editing but I would not want to do that if it would be competing with my posts for SEO traffic.
Thanks and best regards
Andy
beautiful801
Premium
That is what I like. With digital you do not have to send anything out. But I do think we have to create a funnel am I right to bring traffic to the store or are we selling it on our website?
Then really all I have to do is restock or get new items. That is good. I am taking Jay's class on e-commerce too!!! Very interesting. Thanks please answer me!!!
Then really all I have to do is restock or get new items. That is good. I am taking Jay's class on e-commerce too!!! Very interesting. Thanks please answer me!!!