Step by Step: Digital Product Business Setup Tutorial 2024

Summary

In this video, Peter Pu shares insights on selling digital products online, emphasizing their high-profit margins and ease of delivery. He introduces PLR (Private Label Rights) products as a starting point, guiding viewers on where to find and customize them. Peter also recommends Store Funnels for building an online store and managing digital product sales, including upsells and email marketing. He offers a free digital product store template and a free course on digital dropshipping to help beginners launch their businesses.

Takeaways

• 💰 Selling digital products is highly profitable with minimal costs like advertising and tools.
• 🛠️ The speaker provides a fully built store and funnel template for selling digital products.
• 📚 PLR (Private Label Rights) products can be purchased, edited, and sold as your own.
• 🎯 Ebooks are recommended for beginners due to their simplicity and ease of selling.
• 🔍 Popular platforms for finding PLR products include plrproducts.com, plr.me, and Empire PLR.
• 🖼️ Canva is a free tool that can help you design ebook covers and layouts using PLR content.
• 📈 Storefunnels.net is recommended for building stores, funnels, and managing email marketing.
• 🎁 A free digital product store template and funnel with upsell options is available for download.
• 📝 Customizing the store is important, but core elements are pre-built to save time.
• 🎥 A free course on launching a digital dropshipping business is offered alongside the funnel template.

Q & A

What are the key advantages of selling digital products online?

The key advantages include high profit margins since there are no costs for physical goods or shipping, instant delivery to customers, and fewer operational headaches compared to physical products.

What is the first step recommended in setting up a digital product store?

The first step is selecting the products to sell, which can be done by purchasing private label rights (PLR) products that can be rebranded and sold as your own.

What does PLR stand for, and why is it beneficial?

PLR stands for Private Label Rights. It allows you to purchase products, such as ebooks, and sell them as your own, with the flexibility to edit, rebrand, and customize them as needed.

Which platforms are recommended for finding PLR products?

The recommended platforms for PLR products include plrproducts.com, buyqualityplr.com, and plr.me. Additionally, Empire PLR is highlighted as a platform offering products across a wide range of niches.

What types of products are suggested for beginners to start selling?

For beginners, it is suggested to start with simpler products like ebooks rather than jumping into more complex or high-ticket items such as courses.

What should you do if the PLR product you purchase doesn’t come with graphics or is not ready for sale?

If the PLR product is a text file without graphics or design, it's recommended to use tools like Canva to create ebook covers and layout templates, ensuring the product is visually appealing and ready for sale.

What software is recommended for building and managing your digital product store?

The recommended software is StoreFunnels, which allows you to build your store, create funnels, manage email marketing, and handle digital product delivery all in one platform.

What are some key features of StoreFunnels for digital product businesses?

StoreFunnels offers features like upsells, downsells, order bumps, monthly subscriptions, and email marketing automation, all integrated into one platform without the need for additional apps.

What free resources does the speaker offer to help set up a digital product business?

The speaker offers a free, fully built-out funnel for digital product businesses, along with a free course on digital dropshipping that covers how to launch a digital product store.

What additional customizations might be necessary when using the provided funnel template?

Users may need to customize the headlines, images, and copy to match their specific niche or product, while the core elements of the funnel, such as the layout and structure, remain ready to use.