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
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.
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.
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
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.