Everyone’s tight on money these days.
Besides cutting things in your budget, another way to get ahead financially is to earn extra money, outside of a regular job.
But how do you do it? How do I do it?
Digital products have become popular in the past few years.
What is a digital product?
A digital product is a product that can be delivered online, like an MP3, ebook, video, online course, membership site, etc.
What are the advantages of digital products?
There is no physical product to store in a warehouse or ship. Once you create it, it’s always there and ready for you to sell.
With a physical product like a hard copy book, you have to keep printing it. With an ebook, once it’s created, it’s available to sell without you having to “print” a physical copy.
And you don’t have to deal with shipping costs or packaging with a digital product.
Best of all, once you’ve created the product, you can earn money without doing anymore work.
What are my digital products?
My newest digital product is the Living Richly Budget Printables. I also have two Amazon ebooks – Eating Organic on a Budget (which has over 100 reviews) and Eating Gluten-Free on a Budget.
Which one is the best selling product?
The Amazon ebooks sold really well when they were first launched. However, everything with Amazon has changed.
I still earn money from the ebooks each month but it’s not a lot. It’s still something though for not doing anymore work.
What are the challenges?
There’s no such thing as easy money. Once you create a digital product, you have to launch and market them well or else, no one will buy them.
If you don’t have an audience already, it’s harder to sell your product.
I spent a lot of time creating my ebooks. It took me 6 months to write, format, and market each one. And when I launched the first one, I was disappointed when sales were dismal.
So when I decided on a digital product for this year, I wanted something that wouldn’t take as much as time to create. And I came up with the Budget Printables.
I’d like to improve on figuring out the right product, launching, and marketing it better.
How do you learn how to create a digital product?
I’ll be in the studio audience of a CreativeLive course by April Bowles-Olin – Create Digital Products That Sell While You Sleep on November 10 – 11, 2014.
Sign up for it and watch it live – it’s FREE! If you watch it those days, it’s free. It’s rebroadcasted at night too for free. Afterwards, you’ll have to pay to access the course.
I’m really excited to be chosen to be in the audience. If you watch, you’ll learn SO much!
35 Comments on How I Make Extra Money with Digital Products and How You Can Too
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Nice post, Fanny! I can’t wait to meet you in SF and learn the secrets to successful digital products from April (:
Hi Richelle!
Can’t wait to meet you too! Go Supers!
LOVE this, especially the reality that it’s not all sunshine and rainbows. You do have to work hard to make this work; however, I’m going to help you figure out a way to continuously market your products without much extra work. That’s happening during the last segment on Day 2 and I think it’s going to make such a big deal for many creatives who have similar struggles. Thanks for participating in this blog tour! I can’t wait to see you in San Francisco! Woot woot!
Hi April!
Thanks for dropping by! I’m looking forward to finally meeting you in person and learning as much as I can from you. Everything you touch DOES turn into gold. Yay!
Great points! I’m looking forward to hearing more about you on the CreativeLive broadcast! I was a studio audience member for a class filmed in Seattle (Kari Chapin’s class) and it was just a great experience.
Cathy,
That’s awesome! I’m looking forward to being in the studio audience and absorbing everything.
I really like your website. The style and voice resonates with me. Thanks for sharing.
Malaika,
Thanks for dropping by!
I’m so jealous that you’ll be in the studio! Is it just me, or does everything April touches turn to gold? Haha. This is going to be great!
Hi Renay,
You can be in the studio too! I applied and I do happen to live nearby so there was no excuse for me. April is amazing!
Michael,
Thank you so much for visiting my blog and commenting! I’m so excited for the opportunity to be in the studio without any distractions. I’m also excited that we’ll all be learning and having light bulb moments together!
Hi Deepa,
Thanks! We’re gonna learn SO much!
I am in the same boat with what I thought was a great launch plan, but turned out to be dismal when it came to buyers taking action. I totally agree, it is so disappointing, but we will turn it around with the class!!
We will, Kelly!
That’s funny. When I told Nathan’s grandparents about April’s CL workshop they were a little confused. Nathan’s grandad asked this weekend where I was going to store all these books I was selling. 🙂 Then I explained they were digital downloads and there was no storage at all. Definitely a perk!
No storage and no shipping needed. Looking forward to finally meeting you!
Rock on Fanny!!! I’ll be cheering for you in the chat room!
Thanks, Trish! Go Supers!
Thanks, Nancy! Go Supers!
Hi Fanny – How great you’ll be in the studio audience which I hear is such an amazing opportunity! Can’t wait to follow along remotely 🙂
Thanks, Tess! We are going to learn SO much.
I really appreciated your honesty in this post! And your site is packed with so much information. I’ll be spending time reading some of your tips! So great that you’ll be in April’s audience!
Thanks, Ani! You’ll be there too?
Great post I hope you have ton of fun being in the live class and you learn tons of new stuff.
Thanks, Beth!
Lucky girl! I’d love to make it to a CL audience someday! 😀 I will be 7 months pregnant then though, so that just isn’t happening this time! Hahahah
Congrats to you, Amanda!
I agree with your advantages! And way to go on making and selling ebooks on Amazon! Even if sales have declined, like you said, it’s still money coming in without any added work involved.
Thanks, Cole!
Hi Fanny! I’m part of April’s Blog Tour and glad I found your site. I’m a food blogger and working on developing a Learn to Cook eBook. It’s inspiring to see that you’ve done your own, even if it took a lot of time and work (I know mine will). Congrats!
Good luck with your ebook! I started with a food blog too.
I too struggle with the marketing part and figuring out which products will have the highest ROI. I’m glad to hear that April will be covering that in her course.
It’s all about research and a good launch is what I’ve learned. We’ll figure it out during April’s course.
Thanks, Matt, those are good points.
Hi, Fanny!
There are several things you mentioned that were interesting for me to read:
-that you spent 6 months to create a digital product which wasn’t as successful as you hoped it would be
-that you then turned to create a different digital product that took less time and might be more profitable
I’m glad you mentioned this because it seems that April will be touching on this topic.
I’ll “see” you at CL, in the comfort of my own home 🙂