These days, there are many ways to make money online. actual, Pew Research Center We found that 22 million American adults work from home.
One of the popular ways to make money online is by creating and selling digital downloads. A digital download is basically anything that can be downloaded after purchase. This includes songs, digital art, educational courses, recipes, e-books, and more.
The great thing about selling digital downloads, aside from the lucrative potential, is that it takes less effort than running a full online shop. You don’t have to worry about packaging, shipping, inventory, etc.
If you do digital downloads and are interested in making money from them, here’s how to do it and how much you can earn.
Selling Digital Downloads Could Make You Hundreds of Dollars
Some people selling digital downloads online earn hundreds of dollars a month or more. The numbers aren’t explicitly listed, but here are some examples of how people currently price their goods.
You can also sell other types of digital downloads at different price points. For example, a typical long-form fiction e-book costs between $2.99 and $3.99 per issue. This alone may not seem like much, but if you get 50 people to buy your book, you can make an extra $150-$200 a month this way.
Or you can create online courses for people. For example, if you list your course on Teach:able, you can use a base price of $100 per course. Even if she was the only 5 people who purchased the course in a particular month, she could still make $500.
How to start selling digital downloads
Thinking of selling digital downloads? Here are five steps on how to get started.
1. Know what you want to sell
The first step is to clarify what you want to sell. “There are many kinds of[s] Olivia Driesen-Howell, Certified Business Coach and CEO at fresh start registry. “Yes, you can make money selling digital downloads, but you have to make sure you are creating content that people can actually use and need. [that] Your download is worth the investment for them!”
If you’re not sure what to sell, consider your current skills and interests and start there.
“The most basic type of digital download is an e-book. You can easily create e-books from past blog posts. [and] You can create journals, you can create workbooks,” says Howell. “Another type of popular digital download is creating and selling courses. This is a great way to create content once and educate many people. It’s also a very good method.
“You can teach people skills, you can teach them methodologies, you can educate them on large amounts of information,” Howell added. “Courses cost him anywhere from $30 to hundreds of dollars, so you can create dozens of courses at different price points. Once the course is finished, all you have to do is market it to your target audience.”
2. Choose a platform
Next, decide where you will sell your digital products. For digital art, music, written content, and more, you can use: fiber. Etsy Suitable for selling digital recipes, artwork, photos, calendars and planners. For e-books, you can use sites such as: gum road again Amazon Kindle Direct Publishing. It’s important to research which platform will most effectively reach your target audience.
Many of these platforms require you to create an account and online store before you can create listings and sell digital content. We may also take a small commission from your profits.
3. Create a list
With high-resolution images and compelling written descriptions, we present your digital downloads in the best possible way. If you’re selling sewing patterns, artwork, etc., you can also show off the final product and let your customers know what they’re getting.
Make it clear in your product description that you are selling digital only. Otherwise, your customers may be disappointed because they thought they received a physical item.
4. Pricing
When it comes to price, it’s easy to underestimate or overestimate digital downloads. If your product is priced too low, your customers may not think it’s worth buying. Too high a price can deter people from buying. Do competitor research to see how other companies in the same space are pricing their products.
“The most important aspect of selling digital downloads is offering digital downloads at different price points and marketing each download to a target audience,” says Howell.
5. Expand your offering
If you have a large online presence on sites like YouTube, LinkedIn, and Instagram, it may be easier for you to sell your products. If not, you can always expand through networking, marketing, and creating additional content.
Freelancer pricing is current as of July 10, 2023 and is subject to change.
