Digital products are top-rated. They’re easy to create and share and a great way to build a business.
Digital products can be software-based, like an app or game, or information-based, like an ebook or course. They can also be something else entirely—like a membership site or a community. The possibilities are endless!
So what makes digital products such a great way to build a business? Well, first of all, they’re effortless to create. You don’t have to hire anyone else to do it for you; you can do it yourself! And because there’s no risk of having inventory sitting around in your garage, digital products can be sold directly from your website without worrying about moving merchandise.
Ing a sell digital products requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell digital product, or selling digital product online, you can use this page as a guide for everything you'll need to know.
Want to learn more? You can check out our full guide on how to a sell digital products ➜
|Min Startup Costs||Max Startup Costs|
|Office Space Expenses||$0||$7,000|
|Advertising & Marketing Costs||$0||$2,450|
|Total Startup Costs||$513||$27,209|
|The Boss Network||moneyway.gumroad.com||#113|
|Salsify - Commerce Experience Management||salsify.com||#16,342|
|Pega - Customer Engagement and Intelligent Automation Software||pega.com||#21,423|
Pros & Cons
|Flexibility||You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.|
|Ability to start your business from home||It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!|
|Little startup costs required||The cost to start a sell digital products costs significantly less money than most businesses, ranging anywhere from 12 to 27,209.|
|Rewarding work||Starting a sell digital products can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.|
|Scalable||With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.|
|Traffic to your website||A sell digital products gives people a reason to visit your website and to keep coming back to you!|
|Crowded Space||Competition is high when it comes to your sell digital products, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.|
|Finding The Right Supplier||Most businesses in this space go the supplier/manufacturer route, which isn't a bad thing! However, finding the right supplier can take a lot of time, energy and trial/error. If done properly, this process can save you months (if not years) of time and energy. More on this below in the "finding a supplier" section.|
|Security Issues||With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.|
|Lack of benefits||With a sell digital products, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.|
|Isolation||Often times, as a sell digital products, you typically work alone and do not have much face-to-face interaction with other team members.|
|Taxes||As a sell digital products, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.|
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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