Updated: Jul 17, 2020
Recently, the concept of selling digital products has been growing increasingly popular. As unemployment rates are off the charts and most are stuck at home having to figure out how to make ends meet, working online and creating products that can be sold without keeping an inventory are becoming profitable options for many. This article will look at what digital information products are, how they are in demand and how you can use them to start making a passive income.
Digital information products are some that provide data and/or information. The goal of such products is typically to educate, instruct, or to guide the customer towards a certain outcome. For example, eBooks or eCourses are digital information products.
The market demand for such products is climbing. Whereas most used to hit the library and get books there, the idea of purchasing a book and obtaining it right away is much more appealing. For example, in 2017 alone, over 266 million eBooks were sold. E-Learning sales are just as profitable and are estimated to reach a net worth of $325 billion by 2025 .
The interesting part of digital information products is that anyone, including you, can start selling them. If you are an expert in your field, nothing is holding you back from selling an e-Learning course on this topic. Not only are these courses available to an infinite market as these are sold online, but they are an easy way to create a passive income stream– a source of income that, once launched, requires very little input and thus becomes passive. The same is true for eBooks: once the initial investment has been made, such as writing the books or hiring someone to write them for you, there are little to no costs involved. Finally, digital information products are amazing for those who have no leftover time on their hands but who still wish to sell products.
What are you waiting for? Do you want to learn more about starting your own digital information product business? Learn more about this here .