Digital products or e goods are products that exist in digital form. The digital product market is on the rise in the 21st century. Everything is found online, from music, books, movies, images to text and video. This makes digital products a vast industry to be in. Here are some big ideas you can follow in this field.
Globally, the ebook market is valued at close to $13.7 billion in revenue and growing. You have to decide on your ebook topic.
Make a list of your passions, interests, online business ideas, and areas of expertise. This will help you whittle down your options. Then, write a book on it. Or you can hire someone to ghostwrite/write it for you.
With the rise of mobile devices, ebooks are getting more and more popular. It’s much more convenient for people to read on their phones and kindle devices than to lug a book all through work.
Tutorials and courses can be recorded in video or audio format. If you are talented in video making, you can make video tutorials for a website based on what they are selling.
You can offer to sell tutorials to online instrument shops that show how to play them. Or, if an online store sells cameras, you can provide video tutorials on taking pictures with their cameras to show people how their products are operated.
These days, you don’t even have to have a full-on cookbook to get paid. You can get paid for individual recipes. Entrepreneurs price their product by considering many factors, including how much time and money it takes to create the effect.
People pay anywhere from $10 to $50 for good recipes with quality pictures and instructions. But there is no clear-cut guideline for it. It depends on many factors, including whether or not you want recipe royalties or just upfront cash. Choose whatever social media platform you want. It would help if you learned more about food photography to attract people.
Illustrations or graphic elements
Online business owners always need branded graphics for their website or social channels— and hand-drawn illustrations or graphics are the perfect way to make this happen.
Designers specializing in visual identity graphic design can collaborate with brands to create logos, typography, color palettes, and image libraries representing a brand’s personality. Design consultancy gets more and more asked for every year.
Consider creating a course featuring a mix of video lessons (screen shares), PDFs, worksheets, written lessons, and course slide decks with voiceovers. Adding a combination of content will also keep your students engaged and interested. You can upload these courses on websites online and promote them through ads.
I hope that my little guide provided clarification & helped to spark a few ideas! But in the case that you’re feeling overwhelmed or confused about anything. Now get out there & build that passive income digital product dream of yours.