So you’re looking for a way to make more money. You want more flexibility in your business so that you can take some time off but still have a way to generate income.
Who wouldn’t? Sounds great doesn’t it?
It is possible you know.
I know I emailed you about ebooks the other day but there’s so much more that you can offer..
Digital products? HUH? sounds complicated to me….
Digital products are products that exist solely in a digital format and include the likes of eBooks, e-courses, tip sheets, MP3s, Videos etc. They also just so happen to offer perhaps the best business opportunity of any type of product, so read on to find out what makes them such a great choice for making money online.
1 – No Overheads
Right away, with a digital product you have no overheads. Ok, you might have overheads initially while you’re developing your product (if you’re outsourcing) but from that point on you will then be able to sell as many copies as you like with no need to pay for materials or anything else. Every sale will be 100% profit.
2 – It’s Truly Passive
If you are a writer or web designer for instance, then you probably won’t have to spend any money to make money and that means that you can keep 100% profit.
But where if you’re a business offering a service, i.e a coach or trainer for example you’ll no doubt be exchanging your time for money. This means you’ll need to constantly be available at specific times of day and you might even need to travel.
I bet you didn’t set up your own business to work all the time and to be chained to your desk did you?
A digital product though is truly passive. Once you have set up an online store and you have people visiting your site, you can make money while you sleep or while you’re on holiday somewhere sunny.
3 – No Stock
With a digital product you require zero space for stock and that means you don’t need to rent a warehouse or fill your front room with books.
4 – No Investment (except your time)
Just as there are no overheads, there is also very little investment necessary. This means it will take barely any time for you to break even and to start generating real profit. In turn this also means that there’s no risk so you’ll be able to start your business without taking out a huge loan etc.
5 – No Delivery
As though all that wasn’t enough, digital products don’t even require delivery. That means you won’t have stock going missing or customers claiming they never received their goods. Digital products are cheaper and faster in every way.
Hopefully that’s made your little thinking cogs turn….
Have a wonderful weekend