5 Benefits of a Digital Product Business

Success building blocks

As an entrepreneur, undoubtedly you have talent, skills & an expertise you use to build a business. Why not repurpose that information and share it in creative ways to: 1) expand your brand; 2) increase your income.

If you’re looking for a business model that allows you to generate genuinely passive income and to make a lot of money in the process, then a digital product business might just be right for you. Digital products are products that exist solely in a digital format and include the likes of software, eBooks, e-courses and computer games. They also just so happen to offer perhaps the best business opportunity of any type of product, so read on to find out what makes them such a great choice for making money online.

1. No or Minimal Overhead

Right away, with a digital product you have very little or no overhead investment. You may have the investment of a computer, Internet fees and the like but the initial investment if you have standard office equipment would be insignificant. You will have to sustain while you’re developing your product of course, but from that point forward the benefit is endless. Once your product is created,  you will have the ability to sell as many copies as you like with no need to pay for materials or shipping costs. Virtually, every sale will be 100% profit. Think about the possibilities of creating one product, set up your sales funnel and leave it…indefinitely to continue to generate revenue.

2. It’s Truly Passive

Of course, other services are similar. For example, if you are a writer or web designer, you probably won’t have to spend much money to make money. Outside of your regular home or office expenses, there isn’t much upfront costs so again, you can keep 100% profit.

However, in every business model, there is a cost. You will have to invest time and energy. Adding digital products to an existing business or starting a digital marketing business will require exchanging your time for money.

A digital product though is truly passive. Once you have set up an online store, for example, all you have to do is pay attention to ensure it’s up and running effectively. As long as people are visiting your site, you can make money while you sleep or while you’re on vacation in the tropics. How wonderful does that sound to you?

3. No Stock

With a digital product you require zero digital space for stock and that means it won’t be necessary to rent a warehouse or fill your front room with books. Of course, you will probably need bandwidth and storage if you intend to host your digital products yourself. Of course, the cost for web hosting is considerably less expensive than purchasing and storing 1000 hard copy books.

4. No or Very Little Investment

Using your talent, skills and expertise reduces the necessity of hiring someone else. You don’t have to seek Angel Investors or get a loan from the bank, there is very little investment necessary. This means the turn around time to generate a profit will be considerably sooner.

5. No Expensive Delivery

Although you will have to concern yourself with delivery methods, they are in no way a resemblance to the hefty shipping and handling costs we are used to seeing in traditional product delivery. There won’t be loss prevention protocols to prevent missing stock. You certainly won’t have the headache of tracking packages when customers claim they never received their goods. Digital products are simply cheaper and faster in every way.

You have an opportunity to expand your business and grow your business using the talent, gifts and expertise you are currently using to build your business. Why not explore sharing your business with the world through methods that will mostly cost you time and energy. You can launch your coaching or training program in a few days if you start a plan of action today.

In awareness, passion, joy & increasing revenue,

Andrea Callahan the entrepreneur's coach

Creative Entrepreneurs…Get Ready!

Discover How to Start, Build & Launch Digital Products to Share Your Passion with the World. Created for the entrepreneur who wants to learn how to create your first digital product & start earning revenue on autopilot.

If you are ready to expand your brand awareness & increase your profit margin…I have a gift to get you started.

 

About The Author

Callahan

Andrea Callahan is a brand designer. She helps passion & purpose-driven entrepreneurs maximize their strengths to craft and implement an image that represents their WHY and to use that why to position themselves as an Industry Influencer. She a speaker, seminar leader and the author of, "It's Your Brand ~ Make Your Identity Clear" available on Amazon.com Callahan launched the Industry Influencer Academy at academy.andreacallahan.com

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