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How To Create Digital Products Using Your Current Knowledge
Creating a digital product that they could sell is every new creator’s dream. Digital products are an amazing way to add a revenue stream.
The beauty of digital products is that they allow you to package knowledge you already have or skills and services you already performed into a product that you can build once and sell countless times. That allows you to save a lot of time, a lot of overhead and reach a lot more customers.
What is so special about digital products?
- They’re a low investment.
- They’re more profitable than physical goods because you don’t have to worry about shipping or replenishing inventory.
- You don’t have to deal with the hassle of constantly producing stock, storing shipping, or any other logistics.
- You can automate the delivery, and you can serve your niche at scale by providing valuable information.
- Not only that, but the shifted digital business models and online education is a powerful market factors working in your favor. ELearning for example is projected to be worth $331 billion by 2025.
What should you create?
You don’t need to be an expert in what you do in order to create a digital product. You need to be two years ahead of the people you are teaching.
Think of something you have learned in the past two years. Chances are other people also want to learn the same skill. You can teach them through your product.
People prefer to learn from someone who is a little ahead of them rather than from experts. Experts are too far ahead in the game. Beginners can’t relate to them.
Make a list of the things you are good at. Things people ask your help for. It could be — how to create a website or how to choose a good board game to play when you have friends over.
Make a list.
Then choose one thing that you can work on straight away.
Once you have done that, let’s get started.
