5 Digital Products to make money online selling
Last updated: July 5, 2022
In 2019, nearly half of Americans were reported to have a "side hustle" that is, a job they did or a product they sold which could earn additional money. These days, side hustles that allow creators to market digital goods on the internet can ease part of the economic stress and uncertainty caused by the COVID-19.
1. eBooks
What they are:eBooks are digital books. They can contain anything from marketing pieces and ideas for your business as well as personal stories and novels.
Why sell them:If you're a talented author, selling your work online can provide quite a value for money. There's no limit to what kind of material eBooks will cover, as well as the variety of subjects which will attract readers. Therefore, making an eBook is a great possibility for anyone with a wide range of interests.
Furthermore, eBooks are affordable to make. The creators do not require expensive software or tools to make their work. All they need is write with ease and be competent enough to transform their creations into an downloadable (usually PDF) file. Therefore, the price of many eBooks is little more than the author's own time.
Tips to eBook Creators
- Be cautious when publishing your work your work on Amazon. Amazon is a well-known company and has a huge following, however they also take an enormous percentage of your profits. If you opt to sell your book through your website, you retain full control over the entire process, as well as the earnings.
- Profitably increase your earnings by writing an entire series of eBooks. Making your content available for serialization is a great method to earn recurring income and to engage with your readers.
- Once you've launched your eBook, make sure you've developed a complete marketing strategy to optimize the revenue. You must ensure that readers find (and buy) your eBook!
2. Music
Instead of uploading the tracks to YouTube and allowing listeners access to it at no cost, sell it online and earn money off your talents.
What it is:Files--often MP3 or wav format that were created for those who love your songs or other artists looking for music that is royalty free to use in their audiovisual projects.
The reason why it's sold:A huge market exists for downloading digital music. Digital music revenue is projected to reach $9.265m in 2021. Music lovers looking to discover fresh music as well as content creators who are seeking free tracks always looking for the latest tunes.
If you're an accomplished musician, you have a selection of products available to choose from. It is possible to sell audio clips, loops or full songs for a variety of buyers at different price points. If you're interested in sharing your music across the globe, you must make money off the passion you have for it.
Guidelines for musicians:
- Sell your music on your website. Third-party vendors will claim an enviable share of your revenue. iTunes For instance, it accounts for about 30% of your sales, which can hamper the growth of your business.
3. Instruction
If you have expertise that you wish to share, creating and selling an online course could be an opportunity to make money and earn income.
What is it:A course that is online that is pre-loaded, or run live via video conference.
What is the reason to sell them?More than any other sector The COVID-19 epidemic has had a profound impact on the education sector. eLearning has been increasing in popularity and is expected to continue growing.
This is an excellent possibility for instructors, specifically since the worldwide educational market for online learning is expected to grow to around $319-$319 billion by 2025. With current opportunities to gather and learn in-person becoming increasingly rare, both students and individuals who are seeking to broaden their horizons with eLearning opportunities. What's more, you have infinite possibilities for the content of your program.
Strategies for course creators:
- Combine your course with additional downloadable resources (like an eBook such as an eBook, for instance) to generate more income.
- Course prices are widely variable. Be cognizant of how much time you've invested in creating the course, and price the course accordingly.
4. Social media presets
While in-person travel and meetings have slowed in recent months but people from all over all over the globe are still using social networks to communicate to one another. If you've got a flair for design, sell your social media profiles to creators of content to earn money quickly.
Why should you sell them?Demand for top-quality images on social media continues to grow. An Harris Poll from the spring of this year revealed that between 46% and 51 percent of US people were increasing their use of social media since the outbreak began. Although social media influencers within sectors like fashion and travel took an initial blow, business has boomed for influencers in food, healthcare fitness, and healthcare industries. They require top-quality, beautiful presets so they can maintain their influence on social media.
Alternatively, if you're an influencer seeking to diversify your sources of income You could also make presets that you've created and you're already using.
Preset creators' tips:
- Pricing your presets in a way that is appropriate for the type of customers you intend to attract. A few will spend over $100 for the entire collection of presets while others might be able to only afford a few dollars.
- Sell your presets on your site. If you offer your presets on an online marketplace such as Etsy or the Adobe Add-ons, you'll be subject to terms which could change rapidly.
5. Photography
What is it:Fine art or royalty-free photography for purchase by art lovers, marketers or content creators.
What is the reason to sell it?A enormous market is available for commercial and fine art photography. The global digital photography market is projected to reach $48.9 billion by 2021. If you're a talented photographer, you could be able to grab some.
Modern marketers as well as web developers as well as content producers are continuously searching for quality, original photos. If you already have a high-end camera and an aptitude, you could earn money quickly without more than a dollar. A single stock photo costs, on average, between $1 and $15. If you're able to create enough downloads, you could earn healthy margins.
Tips for Photographers:
- The price you charge for your photographs should be in relation to the quality and differentiation of your photos. Buyers will be more willing to pay for high-quality images.
- Choose the best pricing plan by doing market research. Do you want to charge per individual download? Through a monthly subscription? Knowing your clients and their purchase habits can help you determine the most appropriate method.