Digital Products And Their Advantages - Top 10

Digital Products And Their Advantages - Top 10 - Digital products are becoming more and more popular among self-employed people online. Be it as a consumer or by creating and selling digital products yourself.

I deal with the latter in this list.

In the following, I will go into the most important advantages of selling digital products and list them in the top 10.

Digital Products And Their Advantages - Top 10

Digital Products And Their Advantages - Top 10

As a website operator or blogger, you are always looking for new sources of income to build additional pillars. Digital products can be a very good option here because there are many different variants and options.

Although these are not a sure-fire success, they offer a lot of financial potentials, so that a look at their advantages is worthwhile.

#10 Independence From Third Parties

In any case, one advantage of digital products is that you are less dependent on third parties. In addition, you can decide for yourself how independent you want to be.

You can of course use sales platforms for such products on the Internet, but there are alternatives there too so that you are not dependent on one.

But you can also do everything completely on your website, i.e. process the purchase without the buyer having to go to another website.

In any case, you are not dependent on the whims of a middleman but can get started right away.

#9 Very Easy To Measure And Optimize

In contrast to offline trading, you are very well able to measure online how your digital products are selling, which measures have brought what, and so on.

Google Analytics and heat map tools help to improve click rates.

The statistics of the sales platform can be used to improve the conversion rate.

 

#8 Own Affiliate Program

A nice advantage of some platforms that you can use online to sell your digital products is that they also offer an affiliate program. If you list a product there, you can also use affiliate marketing for marketing.

Digistore24.com, for example, offers this possibility and part of my income comes from sales from affiliates.

 

#7 Easily Customizable

Digital products do not need to be printed or otherwise transferred onto a physical medium. One of the advantages of this is that you have a great deal of control over the content and can change it quickly and inexpensively.

Errors always creep in, no matter how intensely and thoroughly you search. However, digital products can also be adjusted afterward.

 

#6 Unlimited Supply

A very big advantage over physical products is of course the ease with which they can be reproduced. For example, you can simply copy eBooks, which cost exactly 0 euros.

This way there is no cost or labor of warehousing and you can always deliver.

 

#5 Automatable

For sole proprietors, in particular, it is very interesting that the sale of digital products can be easily automated. By creating a kind of funnel where interested parties can “fall in” at the top and where it is possible to buy a digital product further down, you can sell these products without your intervention.

Interested parties can, for example, be generated by e-mail newsletters or by an already quite successful blog.

 In addition, you have no opening times, as in a normal shop, and you can take care of other important things at the same time.

 

#4 Low Distribution Costs

The distribution costs for digital products are also very low. I am selling my niche page-building e-book all over Europe and it doesn't cost me a cent anymore.

Imagine that for a physical product.

#3 Low Manufacturing Costs

Of course, it is quite time-consuming and time-consuming to create a digital product at the beginning. If you convert the working time into money, then it is also quite expensive.

But you hardly have to spend any real money. There are no printing costs or anything like that. Once you have created a digital product, you have no follow-up costs in this regard.

#2 Passive Earnings

The biggest advantage for me is actually that it is passive income.

Of course, you have to create the digital product first, but from then on you can completely automate its sale if you want. Sometimes I haven't lifted a finger for my eBook for months and yet it has continued to sell every day.

Of course, it's not a 100% passive income. You have a few administrative tasks and now and then you should optimize the product. But overall, it comes as close to passive income as it gets online.

#1 High-Profit Margin

You can make really good money with digital products. This is mainly due to the high-profit margin that you usually have.

At Digistore24, my share of the net sales price of 22.69 euros is 19.12 euros. So I get around 84% of the net sales as income. If you compare that with the earnings of a book author who gets maybe 5 - 10% of the sales price of the printed edition, that's good.

That's why you can earn very good money here even with relatively low sales figures.

Own Digital Products Not Only Have Advantages

In addition to the advantages, there are of course a few disadvantages. You should also keep this in mind and incorporate it into your considerations.

For E.g. eBooks still only have a share of 5% of the total book market. So it's still a niche.

In addition, the purchase of digital products has not yet become so prevalent in many industries/subject areas. You should look carefully here to see whether your target group is ready to buy digital products.

Due to the many advantages and, above all, the low costs, there is a lot of competition for which one should be prepared. Digital products are not a sure-fire success, existing reach and awareness are very helpful here.

And don't forget that you also have to provide support.

Digital Products - My Conclusion

For me, the advantages outweigh the advantages, so I consider digital products to be a good option in many areas.

However, you should start small and gain experience, because it is still not easy to earn money with it.

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