Top 5 Digital Product Ideas To Sell Online For Beginners ($104,000 in 4 days)

Summary

In this video, the speaker shares insights on creating profitable digital products, drawing from their experience generating over $100 million in revenue. They outline five strategies: writing ebooks, creating paid communities, launching paid newsletters, selling access to specialized data, and developing online courses. Each model is explained with case studies and practical tips, emphasizing the benefits of low delivery costs and recurring revenue. The speaker also offers a free downloadable deck and encourages viewers to subscribe to their newsletter for additional resources and support in growing their digital product business.

Takeaways

• 😀 Selling digital products is highly profitable with no physical delivery costs, resulting in essentially 100% profit.
• 📚 Ebooks are an accessible digital product; they can be created easily using word processors and sold as PDFs, providing value to solve problems or achieve goals in the market.
• 🔍 Keyword research is crucial for identifying topics for ebooks and digital products, with tools like Helium 10 or Answer the Public assisting in this process.
• 📈 Starting with a low-priced ebook can help build a customer list, which is valuable for future sales of more expensive products.
• 🤝 A paid community or membership model offers recurring monthly revenue and can grow to be self-sustaining with member-generated content.
• 📰 Paid newsletters can be a lucrative business model, providing consistent, valuable content that subscribers are willing to pay for monthly or annually.
• 📊 Data as a digital product can be highly valuable; organizing and providing access to databases or lists can generate significant revenue, even if the data is freely available.
• 📈 The growth of digital businesses can be slow initially but exponential growth can occur with persistence, as illustrated by the case studies presented.
• 💼 Online courses are considered the most powerful digital product due to their ability to educate and engage customers, often leading to strong customer relationships.
• 🛠 Tools like Push Button AI can assist in creating and automating various aspects of digital product creation, from content to marketing materials.
• 🔗 Combining digital products with existing business models can enhance marketing strategies and increase profitability, such as using courses as lead magnets or additional revenue streams.

Q & A

What is the speaker's experience with selling digital products?

The speaker has been selling digital products online for a decade and has generated over a hundred million in total revenue for all of their businesses.

What are digital products according to the speaker?

Digital products are non-physical items that can be accessed by logging into a website, downloading, or accessing through email, and provide value such as training, entertainment, or enlightenment.

What are the benefits of selling digital products mentioned in the script?

Selling digital products has the benefit of having essentially 100% profit as there are no costs to deliver the product once it's created.

What are the five strategies discussed for building digital products?

The five strategies discussed are: creating ebooks, establishing a paid community, selling paid newsletters, offering data or databases, and developing online courses.

How does the speaker suggest creating an ebook?

The speaker suggests using a word processor like Microsoft Word, Google Docs, or Open Office to create an ebook and saving it as a PDF. The ebook should be filled with valuable information that helps people solve problems or achieve goals.

What is the advantage of having a paid community?

A paid community offers recurring monthly revenue, which contributes to a stable and long-term growth potential for a business. It also allows members to create content, reducing the need for the owner to constantly provide new material.

How can someone leverage a paid newsletter as a business model?

A paid newsletter can be leveraged by charging subscribers a monthly fee for access to exclusive content. This model provides consistent, predictable income and can be attractive for sale to other businesses.

What is an example of a data-based digital product mentioned in the script?

An example given is a database of government grant programs that the speaker bought on eBay and then sold access to, generating millions in revenue.

What is the potential of online courses as a digital product according to the speaker?

Online courses are considered the most powerful digital product idea because they offer a unique value proposition, allowing customers to log in and consume valuable information, which can strengthen their bond with the course provider.

How can someone get started with creating an online course?

The speaker suggests using AI tools like Push Button AI to help create the course content, which can include writing, videos, audio lessons, and more, making the process easier and more efficient.

What is Push Button AI, and how does it assist in creating a digital business?

Push Button AI is a tool that builds an entire digital business, including a course, domain name, logo, videos, audio lessons, email sequences, sales pages, and more. It simplifies the process by answering a few questions and with a push of a button, it creates the necessary components for the business.