Earn pocket money from a digital asset
Do you want to make money from your free asset? Then you are at the right place. People are willing to pay money for convenience and immediate accessibility. Even if you create a free product. This article summarizes the steps to take to sell your digital product online on a creators platform and turn your ideas into online income.
What is a digital product?
Digital products are online products you can pay for and then download and consume instantly or online goods that can be sold in a digital form and downloaded from an online device.
The 5 Benefits of selling a digital product
Creating and selling a digital product comes with many benefits:
1. Low cost
Luckily you don′t have to be a rich to earn a side income creating or selling digital products. Creating a digital asset may take your time, but it doesn′t require money.
In fact, selling digital products is a low-cost, low-risk way to experiment and start generating multiple revenue streams. You just need to figure out how your expertise can be crafted into a digital product and learn how to market it on a digital platform in such a way that it is attractive for your target audience.
2. Flexible working hours
When you sell digital products online, even as a side income, you can decide how long and from where you want to work on it.
3. No fixed costs
Physical products require production costs, storage, payments, as well as potentially shipping costs. All these fixed cost are removed when selling digital products online. This makes creating and selling a digital asset an ideal side income.
4. Passive income
Once your product is created and set up in an online platform, you can start selling and hopefully receiving some passive income.
Even if you have a full-time job, earn pocket money from a digital asset is not only possible, if you market it well, it can bring in money every month.
5. Unlimited earnings
At the beginning it is hard and you will not immediately start to receive money. But the longer you sell digital products that truly add value to your target audience, the more your profit margins increase and improve with time.
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In fact, selling digital products has almost unlimited earning potential. The virtual nature of what you’re selling means that you’ll be able to sell your product to anyone that has a working internet connection and an email account.
The best digital product ideas to sell
So, what digital asset can you create and sell? Content marketing is a broad field, content can be anything from text, images, video, online course or webinars. In other words:
"If it can be viewed online, it can be sold online."
You can create and sell the following digital assets:
How to create a digital asset: eBook
Let′s take an eBook as example. This is the ebook, that I am working on currently:
This is how you create and publish an eBook on Gumroad, a creator platform for creatives:
Although 95% will still be free. 5% of your audience will pay for it.
Ready to earn pocket money from your digital asset?
Follow the steps above to get started.
Interested in my newest eBook?
Stay tuned.
In the next article I explain how to scale your online business.
Share your tips and ideas in the comments.