WHAT IS A DIGITAL PRODUCT?

Digital products are something I’ve been creating for quite a few years now.  There are so many different types that I thought I’d create a short episode dedicated to describing what IS a digital product.

In this episode, I want to bring some definition to the term Digital Product and because it seems like everyone is talking about digital products these days so… I’d like to focus on what we service based providers refer to as digital products ok.

Simply put: The term “digital products” refers to information products usually offered online in a digital format. Not an actual physical product, but a digital one that can be delivered via the Internet.

The reason I call them Digital Service Products is because I teach other consultants and service-based business owners how to take services you already offer your 1:1 client, or use as a resource for yourself and create digital products from it.

SOME BENEFITS OF DIGITAL PRODUCTS:

• Creating a digital product is a great way to monetize of your time, knowledge, experience and effort.
• You only create it once (you can offer updates when there are some) and it can be sold to many like hundreds, thousands or more...without no limit. (This ensures a certain level of profitability).
• You can add a significant stream of passive income with digital products and
• You can create an entire online business around selling digital products

If you’re thinking of creating a digital product and marketing it, then you are definitely on an innovative pathway to success. It’s just how much you want to reap the benefits and the time you are willing to put in.

Digital Products can be created or as a resource, you can create and offer to your audience for free. If you REFER TO podcast episode #11, I do a deeper dive on 5 DIGITAL PRODUCT IDEAS TO SELL ONLINE I also recently released an episode to share ideas to make money online without starting a business which I’ll link to in the show notes as well.

This will give you more ideas as well as a list of resources where you can create and sell these digital service products...go to episode #30.

LET’S DO A QUICK RECAP  In this episode we talked about:

• What is a Digital Product
• I reviewed a list of potential digital products
• Potential for passive income

If you’re a service based business owner and have been thinking of ways to grow your revenue, then creating a line of digital service products you could offer your clients, may be just the thing.  

Keep an open mind and start brainstorming on what you already know that you could create and offer to your existing or future clients.

I hope you got a lot of today’s episode.  I’d love to hear from you. Head on over to my website www.veronicasagastume.com/episode32 and let me know, which digital service product grabs your attention first? Wait, before you go...have you subscribed my Podcast in iTunes? It’ll take you less than 30 seconds and you’ll never miss a weekly episode because it’ll be automatically downloaded to your app.   I’ll see you next week.   I thank you for showing up for me, for yourself, and for your business.    Until next time, I’m Veronica Bye for now LINKS MENTIONED IN THE EPISODE

• 011: 5 DIGITAL PRODUCT IDEAS TO SELL ONLINE
• 030: Ways to make money online without owning a business  

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