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passive income

You Need Digital Products For The Survival Of Your Business In 2019

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You Need Digital Products For The Survival Of Your Business In 2019

Digital products are by far the easiest way to bring passive income to your business and it’s something much needed to grow your brand, add value to your business, solve problems for your audience, grows your email list, and most importantly it brings another stream of income to your business. Who doesn’t like extra money?

Digital items have many benefits over physical products: no stock as well as no delivery.

You may assume that creating a digital product calls for a unique understanding of digital products but truthfully you already have what it takes to create your own successful digital product. The first thing you must realize is, digital products is a passive income stream.

What Is Passive Income

Passive income is any kind of stream of income to your brand or business where you're not trading bucks for hours.  Rather you're creating some kind of content that you're selling on a regular basis on your website, landing page, eBay, Amazon or the app store that is sold on autopilot and attached to a sales funnel.

Yes, in the end, passive income is easy income once you get all your funnels set up for it to be fully automated and all set up. Just know that the important part of any digital product is the structure behind your sales funnel. If setup properly you will only need to do small tweaks here or there. 

What Are Digital Products

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Digital products are a way to bring reoccurring passive income into your business that doesn’t require daily maintenance or upkeep. Digital products are delivering products digitally to your customers, passively. Examples of digital products can be: Online courses, Photography, Tutorials, Services E-books, Apps, Games, Graphic Designs, Music, and Podcasts are all examples of digital products but there are a ton more. Simply think of digital products as a way of opening the door to worldwide sales to your products digitally in a way that your customers want it, and you're serving the need they're looking for by solving an immediate problem for them. 

What Are Advantages To Selling Digital Products?

There are several fantastic factors to market digital products-- primarily since it includes a stream of easy income for your business. For this factor, they're extra scalable compared to a traditional service design by offering a solution or physical item.

Because absolutely nothing physical is created or delivered to your customers, digital items are additionally much less costly to generate (in some cases totally free to generate depending upon the abilities you have as well as programs you currently utilize), so, therefore, they're adding less high-risk vs a physical product. Marketing digital products that are associated to existing items that you have or solutions you currently provide aids in the development and positions you as a specialist in your field as well as offer additional education and learning chances for your customers. 

Digital products add a ton of value to your business because you will not only be known for but recognized as the go-to person for “ X,Y,Z. “ Digital downloads are a billion dollar a year business and you should be apart of that too.

digital-products

Having a digital product solves someones immediate problem and 90% of the time when someone faces a situation in their life that requires help they turn to Google and begin their search. Lucky for you with the proper keywords and SEO your digital product can be found online. For example, if someone searches Google for “how do I create a sales funnel”. Our page surfaces with our Sales Funnel Planner to teach them all about sales funnels and guide them step-by-step on creating the perfect sales funnel for their business and planning for it strategically. Digital products have many advantages other than monetary. 

Grow Your Email List With Digital Products

Think about the last thing you opted in to get. Remember it?

That's e-mail advertising done right of course. From blog owners to service providers, to online business owners, to entrepreneurs giving useful opt-ins is the very best way to massively grow your e-mail list. The more people you have on your list(s) the more digital items you’ll be able to sell later or just give away as an opt-in.

Almost all businesses benefit giving away opt-ins because it’s the easiest way to grow your e-mail lists. Whether you have actually been online for a day or for a year, having digital products (opt in’s) is an absolute must in order to start getting email addresses. You must, at the very least, start to aggressively GROW your e-mail list and most importantly you need to start yesterday.

Keep in mind: Your social media fans typically aren't likely to make you the most money, however, to get them off of social media and on a site that you own is key because then you have a better chance to acquire their email address by enticing them with an opt-in offer. Several blog writers, authors, and also business owners like you typically aren't accumulating e-mail addresses as well as are missing out on out on substantial passive income opportunities. 

The probability of selling to a new prospect
vs an existing customer
(New 5-20%)
(Existing 60-70%)

Take Aways

  • Digital products are passive income

  • Use a lead magnet similar to your product or another product that’s similar to the digital product you’re selling.

  • Digital products come in many forms

  • Digital Products can be monetized or used as a lead magnet

  • They solve problems

  • Grow your email list

  • You can showcase your expertise

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Digital products are such a big deal because they bring unlimited income to your business and solve problems, and are used to grow your email list.

Digital products can be e-courses, e-books, how-to’s that people buy to produce immediate results. If you have a product that solves someone’s problem, let it make you money! There’s no limit to your income with passive income and digital products. 

If you have a digital product, post the link in the comments along with the name and a brief summary of the product. 

However, If you don’t have any digital products, opt-in’s or lead magnets we’d love to help you create the perfect product for your business. Contact us today to schedule a free consultation and you too will soon have a digital product for your business that will bring you reoccurring passive income and we’ll also show you how to make passive income online. 

 

P.S. Every successful entrepreneur has multiple streams of income and they have both paid and free digital products. 

 

 

 

 

 

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CREATING THE PERFECT SALES & CONVERSION FUNNEL FOR YOUR BUSINESS.

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CREATING THE PERFECT SALES & CONVERSION FUNNEL FOR YOUR BUSINESS.

CREATING THE PERFECT SALES & CONVERSION FUNNEL FOR YOUR BUSINESS.

No phenomenon has transformed the world as much as the internet. Its effects and applications touch nearly every sphere of our livelihood; most especially in the buying and selling of goods and services. Today there are more businesses online than there are offline leading to fierce competition for customers and market shares alike. For any company offering products or service online; there has never been a better time to develop a high-converting digital sales funnel. 

 

Perfect digital sales funnels can mean the difference between businesses who can convert their site visitors into buyers immediately and those earning zero revenue.  However, just like every good thing, the perfect sales funnel is not so easy to develop. All the stages need to be adequately tested, constantly modified and carefully monitored to ensure consistent client conversions; but trust me; the effort is always worth it. Developing the perfect sales funnel has afforded me the opportunity to take many businesses from 0$ to 6 figures in a matter of months. They also played a massive role in bringing my virtual assistant consultant agency to where it is now.

There is no overestimating the importance of sales funnels, especially when it comes to accelerating business growth, and as a business owner, it is essential that you invest the time to build, perfect, test and fully enhance your sales funnel. Below is everything you need to learn about the various stages involved in setting up an ideal sales funnel, and how to utilize it to grow your business.

 

Creating Awareness

The first step is to create awareness by increasing your brand’s visibility. Regardless of the stage your business in, when using a new advertising platform, your focus should be on letting your potential clients know that you exist.  Do not focus entirely on outright sales; the goal is to introduce your business and excite your audience with a captivating video or image. Make it as personal as possible, and let them remember your brand; state your brand name as well as your mission, and then tell them what they can benefit from you. 

Thanks to Facebook, it is now easy to reach up to 10,000 people with just 5 dollars in advertising  fees. 

 

EDUCATE YOUR AUDIENCE

The next step in setting up the perfect sales funnel is to educate your potential clients properly. Tell them what makes you different from others and why they should patronize you and not your competitors. Any competitive advantage you have must be exposed here. Perhaps your business has won awards, maybe you have some big shot clients, or your products are stocked in some of the big-name retailers in the market.  The key is to point out distinguishing factors why they should deal with your business preferably via video, then direct them to your blog or any educating article. Grab their attention, over deliver,  and leave them wanting more; this will spark their interest and make it super easy for them to remember you; which is vital for the third stage.

 

They say the third time is the charm.

ENGAGE: 

 At this stage, your clients are familiar with you and have a sense of what makes you unique. Chances are they still have one or two concerns they wish you could address; this is the time to impress them a third time and address their fears via display ads on facebook, youtube, email or Google. Let them know you care about their questions and ask for constructive feedback on improvements they would love to see in your business. Actively interact with your potential customers on social media platforms, answer and let them know you are there to alleviate their concerns.

Recognize questions that come up time after time and strategically deal with them. I remember when my company was just starting out, I noticed potential clients were repeating a particular question: 

“How long will it take to get my funnels in play so that I see the results in my business?”

It was easy to see that this was a critical concern for potential clients; so I created a Sales Funnel Planner ebook that sufficiently addressed that issue and at the end opened the door for feedback. It worked like magic; the next week, we got so many calls and emails that we had to hire an additional customer care rep. With just that one move I gained more trust from clients and showed them I cared, and this made it easy to move to the last stage. 

 

 

CONVERSION

Finally the ultimate stage! 

After successfully following the steps above, your audience should be aware of your business, adequately informed on what makes you different, and have interacted with you to some extent. Now is the time to ask something from them since you delivered value and have earned their trust. At this stage, you should use strong calls to action in ads and emails;  include incentives in your offer, such as a discount code if they ‘”buy within 24 hours” or a free webinar if they “Book a Call Now.” Sample different incentives and see what works best with your audience.

Remember that the sales conversion funnel is a continuously changing cycle, and you must keep working on your methods. The methods you use today may not work so well tomorrow. Never stop learning and never stop seeking to improve your customer experience.

 

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