Large and small companies are going through a period of digital transformation to remain at the forefront of the market. With the advent of the Internet, many entrepreneurs have embarked on the creation of digital product companies. In this article we will discuss about Profitable Digital Products Idea that you can sell online.
In 2017 alone, some 1.6 billion people around the world purchased goods online. Online retail sales have reached approximately $2.3 trillion. This is expected to more than double by 2021.
In light of this information, it is not surprising that more and more people prefer to sell digital products online. Whether it is music, art or literature, digital technology is the right choice.
In fact, the idea of selling digital products seems much more attractive and simple than creating a physical store. Rest assured that if you have a good product to sell, there is a market for you, no matter how small it is.
So the obvious question is this: What are the most profitable digital products you can sell online? In this article, we will look at some of them.
- Videos and courses
This is one of the most Profitable Digital Product Ideas. The online education industry is booming. There are many video tutorials and courses that you can find on the Internet to help you learn almost everything. But why is the video so popular? Because they are very effective in providing information content that can be stored longer. It is easy to use, easy to handle and much more fun than plain text.
So, whether you’re a good speaker, an expert in your field or a passionate teacher, it’s a great way to make money. Whether it’s a video tutorial or a written course, you can really make a lot of money using your knowledge. That’s why it’s also called knowledge exchange.
Lynda shows the profitability of videos and online courses. Launched in 1995, with the simple idea of selling workshops and advertising on the Internet, they grew rapidly.
They have come a long way since the one-week course on website design started for them. Despite some bad luck, their hard work has not gone unnoticed. LinkedIn hit and bought Linda for $1.5 billion in 2015.
And while it may seem daunting to put it all together, don’t worry. There are several online platforms that can make your job easier. Kajabi, for example, is a platform that provides you with everything you need to sell your courses online. It offers features like web hosting, course creation, payment gateways, email marketing and even analytics.
E-books are on everyone’s lips today, mainly because they provide easy access to reading materials. With eReader like Amazon Kindle and Kobo, creating and selling e-books is easier than ever. All you need is good content and you’re ready.
Simply distributing e-books through Amazon or even independently created online stores makes them excellent products. You don’t need to bring your library with you because you have access to millions of books on a small, portable device.
You don’t have to go around to find an editor. Now you can share, train, or consult by simply writing something and selling it online. So it’s no surprise that by the end of the year, consumer ebook sales will exceed $18 billion.
If you are interested in getting on this train, it is easy to publish your own e-book. That’s how it’s done:
The first step, of course, is to choose the topic you want to write about, the topic that people are interested in and that is easy to promote.
Inspire it with a homepage to promote free samples or excerpts, suggestions on request and work.
Start a quick network connection and establish new connections.
Do your best to promote your work and you will certainly succeed.
This is another important industry that has established itself as an excellent source of income. The software industry is huge and growing exponentially. Almost every day we hear about some innovative work in this area.
From business software to plug-ins, from desktop applications to mobile applications, games and themes, you can literally turn your code into cash. The possibilities are endless. If you have ideas that can really solve problems and you have programming skills, you can develop profitable products for online sale.
In 2018 alone, companies around the world are expected to spend more than $300 billion on business software. This number will only increase in the coming years. Obviously, if you can create code, you can sell it.
The set of cloud-based collaboration tools and Slack software are a good example of this. Originally conceived as an internal communication tool for your company, it has grown strongly in recent years. Last year alone, it was estimated at $9 billion!
4. Audio, music and podcasts
Audio is another powerful way to communicate messages, exchange information and entertain. Digital audio products can take the form of podcasts, songs, audio books, recorded conferences, sound effects and more.
Any customer listening to your podcast or streaming music can contribute to your passive income. Streaming platforms like Amazon Music or iTunes are ideal for sharing your work and making your voice audible. It goes without saying that you need to establish and expand your audience. Create your own website, share your work in social media and offer regular promotions.
The audio products industry is a billion dollar industry. Digital streaming has reached an important milestone with more than 100 million paying subscribers worldwide. Streaming accounts for approximately 60% of digital revenues, which will reach nearly $8 billion by 2016. In 2017, the combined revenues from streaming audio programs amounted to nearly $1.3 billion for Universal Music, Sony Music and Warner Music.
5. Photography, graphics and digital art
High quality photos, digital art and web graphics are other popular and profitable digital products that you can sell. They are all forms of art that enjoy respected prices in the marketplace.
There are many connoisseurs who would like your photos, sketches or digital paintings to decorate their walls. Graphic designers can also make a lot of money using the themes, user interface resources, card design, clips, and pixelated images that they create.
So if you’re a hairdresser capable of taking breathtaking pictures, or a digital artist who creates fantastic works, know that there is a huge market for you. There are many online markets such as Shutterstock, Art Web, and My Fonts that you can choose from depending on your product.
To be fair, the industry of digital products is growing at an alarming rate. Given how profitable it is, start-up entrepreneurs, professionals and artists flock to it. All that is required is to come up with an idea that can work and come up with a plan to promote it to the market. Be brave and feel free to explore. If you have suggestions for other profitable digital products, please let us know in the comments below.[/vc_column_text][/vc_column][/vc_row]