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Understanding Ebooks and their long term profit potential
Creating and selling digital products has become a lucrative avenue for many entrepreneurs. By leveraging the power of the internet, you can reach a global audience and generate substantial revenue.
Creating and selling digital products has become a lucrative avenue for many entrepreneurs. By leveraging the power of the internet, you can reach a global audience and generate substantial revenue.
The Problem: Most people don't realize the potential they have in selling their knowledge.
Do you have a skill ?
Do you enjoy talking about that skill?
Do you want to earn money?
In this article we'll explore my top 3 digital products that have consistently earned the most and share evergreen tips for your success.
E-books are a versatile and evergreen digital product that can cater to a wide range of interests. Whether you're an expert in a particular field, a storyteller, or a hobbyist, you can create an e-book that shares your valuable knowledge. By offering practical advice, inspiring stories, or entertaining content, you can attract readers who are willing to pay for your expertise.
Think of an ebook as a way to quickly organize a skill into a 10-100 page digital, scrollable tutorial.
When I create ebooks I keep them priced in the $15-49 range generally and use them as free tools or for quick launches. I create ebooks in about 14 days average, spending about 10hrs per book.
If you sell an ebook for $19 to 100 people that's $2000 a week almost on 10hrs or work = almost $200 hr on something that requires little effort. Ebooks generate about %5 of my overall income online.
Bite-Sized Learning, Big-Time Profits
Micro-courses are short, focused online courses that offer a concise and affordable way to learn new skills. By breaking down complex topics into easily digestible lessons, you can cater to busy individuals who are looking to acquire specific knowledge quickly. Micro-courses can be a great way to monetize your expertise and reach a wider audience.
Micro-courses are probably my favorite type of product to create. I generally create full length courses and use micro courses as lead ins or previews of the big courses themselves.
You can take an ebook or digital download and turn it into a micro-course product by adding modules or chapters and expanding your content to increase sales.
By focusing on these three digital product categories and following the evergreen tips outlined, you can increase your chances of success in the digital marketplace.
A good rule of thumb is to get good at 1 product type first and then expand your offerings only after you have your first product type making sales.
If you want to get weekly guidance on digital products I recommend you join the part-time digital newsletter group and begin reading the free articles I create.
Instant Gratification, Instant Revenue
Digital downloads offer instant gratification to your customers, making them a popular choice for digital products. From templates, stock photos, and music tracks to software, there are countless opportunities to create and sell digital downloads. By providing high-quality, valuable products, you can attract a loyal customer base and generate consistent revenue.
I recommend utilizing digital downloads if you are teaching something fast and technical like how to draw something, cook something, create something primarily. With Digital downloads think fast and instant learning for a reasonably low price generally in the $25-75 range depending on the skill. Digital downloads generate about %10 of my overall income online.
When you are Ready Here Is How I Can Help You…
1. ➡️PART-TIME CREATOR CONTENT SYSTEM Learn how to build a better content system for your brand and business. Content strategy, psychology, and hands-on learning to master your content and get more growth.
2. ➡️PART-TIME DIGITAL PRODUCT SYSTEM I will teach you how to build highly profitable easy to create digital products. (Ebooks, PDF’s, downloadables) Once you understand how, what, and why to create you can start targeting your products to solve your audience's specific problems.
4. 📲BOOK A CALL WITH ME offer 15min coaching calls where you can ask questions and get real-time guidance on your digital products, content creation, newsletter, or your personal brand.