4 Reasons Why You Need To Sell Digital Products
Selling digital products can be a great way to build trust with your audience and create a passive income stream. They prove to your audience your skills and they’re a great way to supplement your income whilst travelling.
Here’s my 5 reasons why you need to sell digital products as a digital nomad.
1. Create Passive Income
If you’re just getting started ebooks are a great way to make an additional income stream. You can get an ebook up and running pretty quickly, but you’ll need to grow your audience if you want to increase your product sales.
Biggest reason why you need to sell digital products?
To sum it up in one word: SCALABILITY.
Once you’ve put in the work to create digital products, you can do the other cool stuff, such as webinars and funnels to scale your business. For example, once you’ve got a proven product, such as a course, you can scale it using Facebook ads.
3. Increase the Lifetime Value Of Customers
If you have a lineup of digital products at different price points, you increase the lifetime value of customers.
So, by having different offers at various price points, you get to build trust with your audience and show them how you can help them. Once they get first-hand experience of your digital products that your products help them, they’re more likely to sign up to your other courses because they have proof that your products are worthwhile. Can you see how that works?
4. You Have Lower Overheads
If you have an online shop of digital products, you have lower overheads. Having a shop where you sell physical products would require you to have a physical inventory, which can be a hassle if your managing your shop from home.
Plus, if nobody buys your products, you can have problems with cash flow and you’re unable to stock up on inventory. With digital products, you have barely any overheads that you need to worry about.
If you’re thinking of giving this a go, you can use Send Owl to host your digital products or Woocommerce and Shopify if you want an online shop on your site.
And that’s it for today!
If you want to make more money as a digital nomad and increase your monthly income, selling digital products are a great way to bridge any income gaps.