best profitable digital products that generate $30,000+ per month
What would you do with an extra $30,000 per month?
That kind of money would make a massive difference in many people’s lives.
Fortunately, several digital products can generate that kind of income. In this article, we’ll take a look at some of the best options out there.
What are digital products?
Digital products are those that exist in digital form. This means they can be stored on a computer or other electronic device and accessed via the internet or other digital networks.
Digital products are products that are delivered electronically. This can include ebooks, online courses, software, and more.
Digital products are typically delivered via email or download.
Some examples of digital products include books (ebooks, music (MP3 files), videos (streaming video), software (applications), images (digital photos), and documents (PDFs).
What are the benefits of creating and selling digital products as a blogger?
The main advantage of having digital products is that they can be easily duplicated and distributed.
This means that once you have created a digital product, it can be sold unlimited times without incurring additional costs.
Another advantage of digital products is that they can be quickly updated and improved.
For example, if you find a mistake in an ebook, you can correct it and re-publish the updated version without printing and distributing new copies.
Digital products are profitable because they have a low cost of production. Once a digital product is created, it can be sold unlimited times at no additional cost.
This means that the profit margins on digital products can be very high.
Finally, digital products are often more convenient for customers as they can be downloaded and used immediately without waiting for delivery.
1. Creating and selling digital products is a great way to monetize your blog.
2. You can reach a global audience with digital products, which means you have the potential to earn a lot of money.
3. Digital products are easy to promote and can be promoted through social media, email marketing, and other channels.
4. You can build a loyal following of customers with digital products.
How to Choose the Right and Profitable Product to Sell Online
When choosing a product to sell online, many factors must be considered. First and foremost, you want to ensure that the product is something people want or need.
There’s no point in selling a product that nobody will buy!
Conducting market research is one way to ensure that your product is in demand.
This can be as simple as conducting a survey or talking to people in your target market. Once you know what people are looking for, you can start narrowing down your options.
Another essential factor to consider is profitability. You must ensure that your chosen product isis profitable enough to sustain your business.
One way to do this is by considering the cost of goods sold (COGS) and the selling price. The COGS should be lower than the selling price so that you can make a profit.
You also want to ensure that the product is not too similar to other products. If there are already a lot of businesses selling similar products, it may be difficult for you to stand out from the crowd.
On the other hand, if there aren’t many businesses selling your chosen product, it could be an opportunity for you.
List of best profitable digital products
Several digital products can be pretty profitable.
Here is a list of some of the best ones:
1. Ebooks
EEbooksare digital products that can be purchased and downloaded from the internet.
They are often cheaper than traditional paper books and can instantly be delivered to your device.
Many ebooks are in PDF format, which can be read on almost any device, including computers, smartphones, and tablets.
Kindle devices also have their format for ebooks which can only be read on Kindle devices or apps.
Advantages of Selling Ebooks
There are several pros and cons to creating and selling digital ebooks products.
Ebooks can be distributed relatively quickly and cheaply compared to traditional print books.
They also offer some distinct advantages in terms of format, including the ability to include multimedia content, hyperlinks, and other interactive features.
However, ebooks can be more complex to market than print books due to the sheer number of online titles.
It can also be challenging to generate buzz or word-of-mouth for an ebook since potential readers may not know it exists.
Additionally, some people prefer reading physical books over digital versions.
categories/types of book
- Shelf-help
- Health and Fitness
- Cooking and food
- Relationships
- Parenting
- Career and business
- Finance and investing
- Travel
How to create and sell ebooks online
You must take critical steps to create and sell your ebook online.
1) Decide on what topic or niche your ebook will focus on. This is important because you want to ensure there is a demand or interest in your writing. Spend some time researching this beforehand to be confident in your decision.
2) Write the actual content of your ebook. This is the most crucial step! Make sure that the content is well-researched, engaging, and informative. If possible, include graphics or illustrations to break up the text and make it more visually appealing.
3) Once the content is complete, format it into an ebook file type such as PDF or ePub. Again, graphics and visuals can help make your ebook more attractive and professional.
4) Find an online platform where you can sell your ebook. There are many options, so research to find the one that best suits your needs (such as Amazon Kindle Direct Publishing).
5) Set a price for your ebook and create a listing/sales page on the platform of your choice. Include information about what readers can expect from your book.
2. Online Courses
Online courses are a great way to generate passive income.
You can create a course on just about any topic, and people will be willing to pay to learn from you.
Many online course platforms, such as Udemy and Skillshare, make creating and selling your courses easy.
You can choose from a few categories and types when selling online courses.
For example, some popular course topics include business, marketing, technology, cooking, health & fitness, and personal development.
If you’re unsure which course to sell, consider your target market and the type of information or skills they would most like to learn.
Once you’ve decided on a topic or niche, the next step is to determine the format of your course.
One option is to create an ebook or downloadable PDF course guide. This could be a simple how-to guide or a more comprehensive resource that covers all aspects of the topic.
Another option is to record video lessons and make them available for purchase as a digital download or streaming through an online platform such as Udemy.
You could also opt for a more traditional classroom-style approach and offer your course as an interactive live webinar.
This would allow students to ask questions and get immediate feedback from you throughout the class.
Or, if you prefer not to be on camera, you could create a slideshow presentation with accompanying audio commentary that learners can access at their convenience.
There are many examples of profitable online courses.
Here are some popular ones:
1. Learn to Code: Coding is highly in demand, and many online courses can teach you the basics. Once you know how to code, you can create websites, build apps, or even land a high-paying job in the tech industry.
2. Social Media Marketing: With over 3 billion people using social media worldwide, it’s a surprise that businesses are eager to reach this vast audience. Social media marketing courses can teach you how to effectively market your business on platforms like Facebook, Twitter, and Instagram.
3. Search Engine Optimization (SEO): SEO is crucial for any business that wants to be visible online. Online courses can teach you how to optimize your website for Google search results so that more people can find your business when looking for what you offer.
4. Web Design: A well-designed website is essential for any business that wants to succeed online. Many web design courses can teach you how to create a beautiful and user-friendly website for your business.
How to create and sell online courses
The first step is to develop an excellent idea for a course.
Think about what you’re passionate about or what skills you have that others would benefit from learning.
Once you have an idea, developing your course content is excluded creating lectures, writing supporting materials, and recording audio or video components.
Once your course content is created, the next step is determining how you will sell your course. Many online platforms allow you to create and sell courses, such as Udemy and Teachable.
You can also sell courses directly from your website. Whichever platform you choose, create attractive and compelling sales pages that clearly describe the benefits of taking your course.
Once your courses are live and available for sale, promoting them through social media, email marketing, and other channels is essential.
You can also contact influencers in your field and ask if they would be willing to promote your courses to their audience.
Creating and selling online courses can be a great way to generate passive income and build a business around something you’re passionate about.
With some effort and dedication, anyone can succeed in this endeavour!
3. Membership Sites
Membership sites are a great way to generate recurring revenue. A membership site typically charges a monthly or annual fee in exchange for access to content, courses, or other resources.
Membership sites can be very profitable, with some sites generating tens of thousands of dollars per month in revenue.
If you have expertise or knowledge that others find valuable, consider creating a membership site.
There are many different platforms and services that you can use to create a membership site, so you will need to do some research to find the best option for your needs.
Different models of membership plans/services you can start
1. Subscription-based model: Customers pay a recurring fee to access your content or service. This is the most common type of membership plan. For example, Netflix and Spotify both use this type of model.
2. Pay-per-use model: Customers pay for each use of your content or service. This model is standard for businesses that offer one-time services, such as a car wash or oil change service.
3. Trial period / free trial model: You offer new customers a free trial period to try out your content or service before they commit to paying for it.
This is a great way to hook new customers and get them invested in your product or service. Many companies, such as Amazon Prime and Dropbox, offer free trials followed by subscription plans.
4. A la carte / à la model: In this model, customers can purchase individual items from your content or service offerings without signing up for a recurring membership plan.
This model is standard for online courses and other digital products that can be purchased individually.
Critical questions to answer before creating a membership plan
There are a few things to consider before creating a membership plan:
1. What type of content will be included?
2. How often will new content be released?
3. How much access will members have to the content?
4. What type of support will be offered?
5. How much will the membership cost?
6. Will there be any discounts or bonuses for members?
7. How long will the membership last?
8. How will members access the content (e.g., online, through a mobile app, etc.)?
9. Are there other member benefits (e.g., exclusive deals, early access to new products, etc.)?
10. Can members cancel their membership anytime, or are they committed for a certain period?
4. Video
Videos are one of the most popular and profitable digital products available today.
There are many ways to monetize videos, such as through advertising, sponsorship, or pay-per-view. Videos can also be sold as standalone products.
There are doubts that video is a hugely popular and profitable digital product.
Regarding online content, video accounts for 74% of all internet traffic, which will only increase in the coming years.
This popularity has led to significant and small businesses using video to reach their target audiences. Video marketing is now an essential part of any digital marketing strategy.
Companies use it to promote their products and services, increase brand awareness, drive website traffic, and generate leads.
Different models of video as a digital product:
1. On-demand streaming:
Video is streamed from an online server to the users’ devices and can be watched anytime. This is the most common model for digital video today, used by services such as Netflix and Amazon Prime Video.
2. Downloadable files:
Video is downloaded from an online server to the user’s devices and can be played offline anytime.
This was once the most common model for digital video (before on-demand streaming became prevalent), used by services such as iTunes and Google Play Movies & TV.
3. Live streaming:
In real-time, video is streamed live from an online server to the users’ devices. This is often used for sports broadcasts or live news coverage. Services such as Twitch and YouTube Live use this model.
How to start a profitable digital video product.
TThere’sno a one-size-fits-all answer to this question. The best way to start a profitable digital video product depends on your business goals and budget.
However, there are some essential tips you can follow to help ensure your product is successful:
1. Define your target market.
Before you even start thinking about creating your digital video product, you must first identify your target market. This will help you determine what content to create and how to market it effectively.
2. Keep it short and sweet.
People have shorter attention spans than ever, so your digital video product must be concise and easy to consume. No one wants to watch a long, drawn-out video that doesn’t get to the point quickly.
3. Make it visually appealing.
In today’s highly visual world, people are more likely to engage with aesthetically pleasing and easy videos on the eyes. Be sure to think about your video’s overall look and feel before you start filming.
5. Software and Apps
Software and apps are among the best profitable digital products that can generate a lot of monthly money.
Many software and app development companies can create custom software and apps for businesses.
This software and apps can help businesses automate operations, manage customers, and more.
Custom software and apps can be created for just about any business.
Some software and app development companies specialize in creating custom software and apps for specific industries. This means that a custom software or app can probably help your business.
Software and apps can be costly to develop. However, they can also generate a lot of revenue for your business.
If you have the budget, it is worth investing in custom software or app development. You could see a return on investment quickly if your software or app is successful.
6. Audio and Music
Several digital products can be pretty profitable. One popular category is audio and music. There are several ways to make money in this space.
One way is to create and sell audio files. This could be music, sound effects, voiceovers, or anything else people might want to use in their projects.
Several platforms allow you to sell these files, such as Pond5 and AudioJungle. If you create high-quality files, you can easily earn a good income from this.
Another way to make money in the audio and music space is to create and sell courses.
This could be an online course teaching people how to play an instrument, produce music, or anything related to audio and music.
You can sell these courses on your website or platforms like Udemy. If you create a quality course, you can also earn a good income.
Overall, there are several ways to make money in audio and music. If you have any skills or knowledge in this area, there’s a good chance you can generate a good income from it.
Key take away
- The best digital products generate a lot of money per month.
- Look for products with high demand and low competition to find these products.
- Another way to find these products is to look for products with high margins.
- Once you have found a few potential products, research them further to see if they are profitable.
- Finally, test the product yourself to see if you would be willing to promote it.
Conclusion
There you have it – our top 10 list of the best digital products that generate $30,000 monthly or more.
If you’re looking for a way to make some extra income or even replace your current income, one of these products could be the perfect solution.
All of these products have been proven to be profitable, and with the proper marketing and sales strategies in place, there’s a reason why you couldn’t achieve similar results.
So what are you waiting for?
Get started today and see how much money you can make!
FAQs about the best profitable digital products
1. What are the best profitable digital products?
There are a lot of different digital products that can be profitable. It depends on what you’re interested in and what your target market is. Some popular options include online courses, ebooks software, and apps.
2. How much can you make from selling digital products?
Again, this varies depending on the product and the demand for it. However, it is common for people to make several thousand dollars per month from selling digital products.
3. What are some tips for selling digital products?
Some tips for selling digital products include creating a strong sales page, offering a free trial or discount for the first purchase, and promoting the product through social media and other online channels.
