$3,043,554 Amount of income was earned by only Gumroad digital entrepreneurs last week.
If you are not creating digital products in 2022, my question is when will you?
I have not yet stated the figures from the most popular digital marketplaces like Etsy, Creative Market, Envato, Redbubble, UI8, Themeforest, etc.
Let's dive into today's article right away. Below is the list of 6 incredible reasons why you should start to create digital products.
Reason# 1 Never Out of Stock
This one is obvious, but a huge differentiator between physical and Digital Products, so I had to mention it.
There is no limit to how many sales you can make of a digital product. In fact the more a digital product is sold, the more credibility it embodies and sells even more.
Another plus point of creating a digital product is that you can make siblings of it. For example, You can offer a kids version, a version for senior citizens, a version for students, a version for teachers, a Christmas version, etc. No limits here literally.
Reason# 2 Low Costs
This is a huge plus if you think about it because no matter what business you are in, costs are the number deciding factor in whether a business will be in profit or in the loss.
Except for your time, which you will put only once into creating a digital product, there is no other price to be paid here.
Yes, you might need to buy software in some cases (for graphic designers) at later stages to further enhance your product. In the early days, you can do super fine with free software tools like Canva, Adobe spark, pixlr X, etc.
Reason# 3 Easiest to make
Now, this is debatable, so don’t be naive to think that it is going to be a piece of cake. Nothing is easy and nothing is complicated ever.
We come to this conclusion only when we see that none of the following procedures listed below are required in creating a digital product:
- Buying of raw materials