The 6 BEST Digital Products to Sell in 2024

Summary

This video explores six digital product ideas for online sales, ranging from portfolio templates to AI-generated mockups and digital art, with potential monthly profits from thousands to tens of thousands of dollars. The script discusses the products, their profitability, and provides insights on how to create and market them, highlighting successful Etsy shops and emphasizing the importance of SEO and differentiation in the market.

Takeaways

• 💼 Selling digital products such as portfolio templates can generate significant monthly profits, with one shop making over $130,000 in 8 months.
• 🎨 Portfolio templates cater to professionals like interior designers and architects, who use them to attract clients, and can be sold on platforms like Etsy or Shopify.
• 📈 The success of digital products can be analyzed using tools to view sales data over time, helping understand market reactions.
• 🤖 AI technology, like chat GPT, can assist in creating content for digital products, including placeholder images, making it accessible to non-professionals.
• 📊 Social media templates are another profitable niche, helping users grow their online presence with branded post designs.
• 📈 Etsy is highlighted as a useful platform for selling digital products due to its public sales data, which aids in market analysis.
• 👔 Mockups, such as apparel mockups, are popular for sellers to showcase their designs, with AI-generated mockups gaining traction despite initial skepticism.
• 🎨 AI-generated art has proven to be a profitable venture, with shops making substantial sales from simple artwork pieces.
• 📊 Planning tools, like budget and business spreadsheets, have a lower perceived barrier to entry but are highly profitable and less competitive.
• 🖼 Portrait recreations, where customers submit photos to be turned into digital art, offer high profitability with less competition and can be created using Photoshop actions.
• 🛍️ Dropshipping and additional product offerings, such as physical prints on demand, can further increase profits for digital art businesses.

Q & A

What are the six digital product ideas mentioned in the script?

The script mentions selling portfolio templates, social media templates, mockups, AI-generated art, planning tools, and portrait recreations as the six digital product ideas.

Who are the target customers for portfolio templates?

The target customers for portfolio templates are professionals such as interior designers and architects who use these templates for client presentations.

What is the significance of using Etsy to showcase digital products?

Etsy is used to showcase digital products because it allows the seller to view sales data over time, observe market reactions to specific products, and utilize the platform's user base for sales.

How does the script suggest creating portfolio templates without being a professional in the field?

The script suggests using AI like chat GPT to generate content and then learning how to make it visually appealing, possibly using AI for placeholder images as well.

What is the average price range for the best-selling portfolio templates on Etsy mentioned in the script?

The best-selling portfolio templates on Etsy are mentioned to be priced at around $50, with some products even more expensive.

What is the potential monthly profit for a shop selling portfolio templates, as per the script?

The script indicates that a shop selling portfolio templates has made over $130,000, which translates to approximately $14,000 a month in profit.

How does the script describe the process of creating social media templates?

The script describes the process as using AI to help come up with content and then making it visually appealing, possibly using tools like Canva.

What is the potential difficulty level for creating and selling AI-generated mockups?

The script rates the difficulty level for creating and selling AI-generated mockups as a 10 out of 10, indicating it is one of the easiest products to sell.

What are the benefits of selling planning tools according to the script?

The benefits of selling planning tools include lower competition due to a perceived higher barrier to entry, high profitability, and the potential for creating a wide variety of products for different needs.

How does the script suggest creating portrait recreations without artistic skills?

The script suggests using Photoshop actions, which are sets of instructions that can transform an image into a painting style automatically in Photoshop.

What additional product options can be offered with portrait recreations, as mentioned in the script?

In addition to digital downloads, physical drop-shipped print on demand posters or canvases can be offered with portrait recreations to increase profit margins.