Selling digital products is one of the best side hustles you can get into this year.
Why? Because it has far fewer challenges than the standard e-commerce business that deals in physical products.
Imagine that you're selling a physical product and you sell about 10 units per week for about £10 profit.
Every week you have to reorder those 10 products from your supplier (unless you can afford to buy in larger quantities and order monthly).
Then you have to ship each one out to an individual customer (I'm out of breath just thinking about it).
One week you may get 20 orders and run out of stock, so you order 20 for the following week. Then you only get 5 orders.
Someone else decided to sell the same product for cheaper and you're struggling to compete - all problems that are common with physical products.
Now imagine you had a digital product - you spent a whole week making it but that's okay, it's finished now and uploaded onto your e-commerce platform.
You sell 10 per week and you don't have to lift a finger, the digital downloads are available automatically when the customer pays.
You don't need to restock. You have complete price flexibility because it cost you nothing to produce.
You have all of your time free, and you're already working on your next product.
Now you have 2 products that make £10 profit each, and each one sells 10 times per week. You just doubled your income.
All you need now are some digital product ideas.
DIGITAL PRODUCTS TO SELL 2021
Selling digital products has a number of advantages over traditional ecommerce:
No inventory to store, handle or ship
Once the product is made, you have an infinite quantity (no re-stocking)
Cashflow is not an issue because it costs virtually no money to produce
It's a passive form of income (work once, get paid forever)
There are many different options for digital products
Sounds pretty good right? That truly is passive income.
There are so many different options for digital products, I'm certain that there's something for everybody.
Where can I sell digital products?
That really depends on the product - some of the most profitable digital products are sold on a personal website or blog. Websites can take a long time to set up and direct enough traffic to them. However once the blog is up and running, it has the advantage that the readers should already know, like and trust you, so they will be more likely to make a purchase.
How to sell digital products without a website?
If you don't know how or don't want to set up a website, don't worry. There are other options.
Most of the products can be sold on Etsy, and pretty much anything can be sold on eBay.
How to create digital products:
Most of the products listed below could be created on a free graphic design tools such as Canva. I use Canva to create all of my Pinterest pins and it is amazing. You could create most of the digital products on it.
If you don't feel like designing the products yourself, why not outsource the design to a professional using Fiverr - a marketplace for freelance services such as graphic design?
Grow your business faster by outsourcing to professionals, leaving you to focus on business growth and marketing.
Here are some awesome digital product examples you can try:
Contact Details Sheet
Username and Password Record
Activities / Hobbies
Children's Behaviour Chart
Craft Patterns / Templates
Transfer Paper Designs (to transfer onto t-shirts or other fabrics)
Useful Spreadsheets / Tools / Calculators
Procedures / Working Instructions
Business Bundle (a selection of relevant resources, such as for e-commerce or investing)
Meeting Minutes Template
Business Plan Template
Account Details Tracker
Bookkeeping / Accounting Template
Journal Pages (cover pages, trackers, planners, mindfulness exercises, quotes, creativity exercises etc.)
Guided Meditations (audio)
Guided Visualisations (audio)
Health and Fitness
Exercise Instruction Cards
Events / Travel
Digital Products not for you?
Check out these 16 flexible side hustles for full time workers instead.