How to make money with digital products?

Digital products, unlike physical ones, do not need a massive investment in buying expensive machinery or setting up a logistics system. This makes it easier to develop and distribute. That is why more and more people are interested in selling and buying. And it may sound like a simple and flashy proposition, but there will be some unique challenges to consider if you plan to sell them.

The world today is digital and there’s no point denying it. Nowadays, you don’t even have to leave your home to make money. All you need is to have courage and know very well how to invest to earn by selling digital products on the Internet. To give you a push in the right direction, we will explore some digital products you could sell online, reselling products and some licensing.

Products you can sell online

As with any business the key to success is to have a business model that includes novelty and uniqueness, as well as differentiating yourself from the competition. It is the same with digital products is necessary to focus on finding a product that meets a niche that is unattended or that provides a solution to users.

To decide what would be the ideal product for you it is time to delve into the types of best-selling digital products:

1. eBooks

This digital business is one of the most profitable in the online world with a profit increase that has doubled between 2015 and 2022, considering that there are many ways to take advantage of it from writing your own, editing for other authors, producing audiobook versions to creating a platform where you can publish digital books.

If you decide to write ebooks, these are the best-selling genres you can take into consideration:

– Self-help, if you possess knowledge in the area you can generate a good income.

– Crafts and do-it-yourself

– Romance, suspense and young adult fiction novels.

– Personal finance.

2. Software as a Service (SaaS)

SaaS allows users the ability to connect to cloud-hosted applications over the Internet can be sold as digital downloads or as an online subscription service. In most cases customers are not end consumers, so it is advisable to target your marketing appropriately.

This digital product is ideal for those with coding expertise or the money to hire developers, if you found a software that can provide solutions then this is an excellent product to monetize. Examples of SaaS:

– Project management tools.

– Email marketing tools.

– File storage.

3.Online courses

This digital product should only be carried out if you are really passionate about what you want to teach and the whole process involved because if you are looking for quick money this is not a good option for that, since online courses take a long time to set up, besides you need to have real experience to make them correctly.  If you manage to put together a solid course and dedicate all the time it takes to make it work in the long run you will get a good reward. Profitable markets for online courses:

– Entrepreneurship and business. The course is aimed at users who need guidance on how to manage their business.

– Art and Design. Teach them how to use tools like Sketch or Figma.

– Coding. There is a great demand for development skills.

– Health and Wellness. This course is aimed at accompanying and improving health.

4.Art or music

This market segment is in high demand, there are several ways to sell digital products such as your art, photography, music. You can license them for commercial use or sell them to users who want them for their own use. If you are interested in selling licenses for your work, your target audience can be:

– Internet site developers.

– Marketers.

– Filmmakers.

– Podcasters.

5.Themes, templates, plug-ins or tools

Themes and templates for documents, websites or graphics generate their creators thousands of dollars, the demand for patterns, logos, wallpapers and brushes are also high. So, you can profit from being the person who provides these tools as everyone online is looking for a quick or ready solution. You can create these products for yourself if you have the skills or buy the rights to other people’s creations to sell them. Some examples for selling digital products within this segment:

– Resume templates.

– Website templates.

– UX kits. Kits of packages to help web designers to develop their tools.

Another way is to resell digital services or products, so your job will be to help the user in a practical way, to understand what that product or service is about and how it can be useful. Of which there are a countless number of types of info products with which you can start. The most common are e-books and online courses, you can also resell website hosting, customer service tools, online store applications and much more.

Nowadays, many companies require good online management and customer service tools. Providing this good product option for reselling, most of the companies that manufacture this kind of software have affiliate programs and provide all the necessary support for the reseller. But, it is essential to have the previous knowledge about this segment in order to achieve a good sale and conquer the customers.

We cannot forget that in this media there are special permissions and licenses that allow you to buy, use and sell content and products created by third parties. For resellers the Master Resell Rights license is the one that works most of the time since it allows you to use and resell the products apart from being able to resell the sales rights to others. However, you cannot make any kind of modification nor can you take it as your own creation since you keep the rights of the original author.

There are pages that are responsible for selling MRR products for different market segments, with this license if you want to sell digital books, software or any digital content that has already been created, it is like entering the wholesale and go out to sell, you can adapt it to your niche market and sell it in your business and thus generate extra income.