In this video, I’ll show you exactly how I made over $42,000 last month by selling digital products. Selling digital products is one of the best businesses to start—it’s easy to set up, requires minimal upfront costs, and can be run from anywhere in the world. By the end of this video, you could have your own digital product business that makes you over $110,000 a month.
What Are Digital Products?
Digital products are items that can be sold and delivered online. They don’t have a physical form and include things like:
- Ebooks
- Courses
- Software
- Apps
- Templates
- Planners and more.
What makes digital products amazing is that you don’t have to worry about inventory. Since they’re delivered online, your profit margins are very high. The only real cost is your website (which could cost you under $50 a month), unlike physical products that have lower profit margins because of manufacturing and shipping costs.
This business is also perfect for passive income. Once your digital product and website are set up, you can start making sales at any time of the day. Marketing is still required, but you can automate that process with ads or other strategies, making it almost passive after a while.
How to Make Over $5,000 a Month Selling Digital Products
Let’s go over how you can start making money by selling digital products. Here’s a breakdown of the process:
Step 1: Pick a Niche
The first step in selling digital products is to choose a niche. Pick something you’re passionate about and knowledgeable in. For example:
- If you’re into fitness, you could sell workout plans or nutrition guides.
- If you’re into investing, you could create an investing course.
The key is to choose a niche where people are already buying digital products. Do some research—look at what’s popular in your niche on Google and social media. For example, go to gym influencers’ pages to see what digital products they are selling successfully.
Step 2: Create Your Digital Product
Once you’ve chosen your niche, it’s time to create your product. Some ideas for digital products include:
- Ebooks
- Online courses (video or text)
- Templates (planners, journals, etc.)
- Software or apps
For me, I sell a dropshipping course and an affiliate marketing course. Courses are my personal favorite because they allow you to teach others and get paid for your knowledge.
How to Create an Ebook, Template, or Journal
If you’re creating something like an ebook, journal, or template, the easiest tool I recommend is Canva. Canva lets you design your digital product with ease, even if you have no design skills. Here’s how:
- Sign up for a Canva account.
- Search for templates based on the product you want to create (e.g., planner templates).
- Customize the template to fit your style and content. For example, if you’re making a planner, you’ll find plenty of pre-made templates you can modify to suit your needs.
- Download your finished product once you’re happy with it.
You can also look on Etsy for inspiration. Search for similar products to see what’s popular and what works.
How to Create an Online Course
If you’re making a video course, here’s how you can get started:
- Decide on the course content and break it down into lessons or modules.
- Film your course by either recording yourself talking or doing screen recordings using software like Camtasia or Loom.
- Edit your videos and upload them to a platform like Teachable, Udemy, or your own website.
For text-based courses, you can simply write out your lessons and offer them as PDFs or posts on your website.
Step 3: Selling Your Digital Product
Once your digital product is ready, you need a website to sell it. Here’s how to get started:
- Set up your website (I recommend Shopify or WordPress).
- Upload your digital products to your website for sale.
- Set up payment processing (PayPal, Stripe, etc.) to receive payments.
Step 4: Market Your Product
Marketing is crucial to make sales. Use strategies like:
- Social Media (Instagram, Pinterest, YouTube, etc.)
- Email marketing to keep your audience engaged.
- Paid ads (Facebook ads, Google ads) to drive traffic to your site.
You can even automate much of your marketing to create passive income streams once you have everything in place.
Step 5: Scale Your Business
As your digital product business grows, you can scale by:
- Creating more products (expand your course library, offer additional templates, etc.).
- Expanding your reach through more marketing efforts, paid ads, or collaborations with influencers in your niche.
With digital products, once the initial work is done, you can continuously sell them with little extra effort.
Final Thoughts
Selling digital products is one of the best online businesses you can start. With minimal upfront cost, no inventory, and high profit margins, it’s an ideal way to create passive income.
Here’s a quick recap of how you can start:
- Pick a niche you’re passionate about.
- Create a digital product (ebook, course, template, etc.).
- Set up your website to sell it.
- Market your product through social media, email, and ads.
- Scale your business by creating more products and expanding your reach.
If you put in the work, I truly believe you can make at least $5,000 per month with digital products. Stay focused, and with persistence, your business can grow to even greater heights!