You're busy. You are juggling the house, the kids, school work, extracurriculars, and strategizing for your family's future financial plan to achieve financial independence.
You want to make money online. Passive income is the goal. You've been bouncing around a few business ideas. It would help if you had something that doesn't take too much time and you want to make money online TODAY.
You've heard that selling digital products, selling digital products online is the way to go. Still, if you're being honest, you're not entirely sure what is considered a digital product, which digital products to sell online, how to create digital products or anything about digital marketing.
Have no fear. In today's episode of the online business clinic, I'm going to share with you a coach's best-kept secret. This resource will allow you to start making money online selling digital products without having to write a single word from scratch so that you too can make money online 2022 (and beyond), so be sure to stick around until the end to get all of the juicy details.
If this is our first time meeting, welcome. I'm business strategist Molly Ann Luna, and I'm all about helping you leverage intelligent online strategies so that you can create multiple streams of passive income for your household and achieve financial independence faster.
If that's something that interests you, then be sure to like, subscribe and say hello in the comments below. New episodes are released every week.
Over the last few years, selling digital products online has been how I've financially provided for my family, primarily via digital courses and self-published books, working less than 20 hours/ week, and earning more than 6-figure annually.
What's fantastic about this business model is that it allows me to have more time to spend with my loved ones and is also easily scalable.
Once the products and automation sales funnel are built, it's only a matter of increasing prospective buyer awareness and inviting them to move through your automation sequence, leading to increased income for your brand.
More on that in future episodes.
Now I typically create new income streams by leveraging the PIP method, a strategy that I've named that allows you to prove that your idea is profitable successfully.
The pip method is where you come up with an idea for a digital product, take it to market, and present it before rolling up your sleeves to do the work to create the digital products. *I have a more in-depth free training video for you on this; head to pivotintoonlineprofit.com to learn more.
First things first, let's get on the same page and define what a digital product is and which digital products you can begin to sell online.
A digital product is an intangible asset or piece of media that can be sold and distributed repeatedly online without replenishing inventory. These products often come in downloadable or streamable digital files, such as MP3s, PDFs, videos, plug-ins, templates, or ebooks.
Digital products can be used as a high-value free resource to attract new prospective customers, or they can pay for digital products that generate your business revenue.
A few examples of digital products include:
emails, articles, coaching handouts, viral graphics, podcasts, videos, courses, social posts, membership sites, audiobooks, infographics, webinars, blogs, live streams, and even printables that you could sell on Etsy.
Next, let's talk about how to create digital products.
There are many, many ways to do this.
One way would become up with an original creative idea, sketch it out on paper, then head to a freelance hiring platform like fiverr.com and hire an expert to turn it into digital format.
My husband Jovan and I have done this with our children's book, the grateful gorilla, which can buy Amazon printed or digital. If you're interested in checking it out, click on the button below.
If you're more of a verbal processor like myself, you can sit down in front of a microphone, speak freely and record your thoughts. You could then choose to sell that audio file and have the audio file converted into a digital course and self-published book. Like I've done with my latest book, STEP UP.
Or my favorite option….drum roll, please…if you'd like to be able to produce high-quality digital products without having to write a single word of your own from scratch, then you've got to check out PLR.me
This resource is coaches' and content creators' best-kept secret.
What Is PLR?
PLR means "private label rights." It is also known as white label content, licensed brandable content, or done-for-you content. You can use it to create courses, workshops, webinars, blog content, social posts, emails, handouts, lead magnets, content upgrades, or physical products.
With PLR content, you get a "non-exclusive license," – which means others also license the same item, just like stock photos.
You can license the content, brand it yourself, and keep 100% of the profits. No ongoing license fees or royalties are needed. And no attribution is necessary.
With PLR content, you have the right to re-write the content entirely or modify it slightly to make it your own. Infusing your unique voice and point of view is highly recommended but not required.
PLR content is cost-effective. It is far more affordable to license content compared with hiring a freelancer. It's easily 40-50x cheaper to license content. For example, it costs anywhere from $330 to $495 for a single ebook. Roughly $500 is what I paid to have the grateful gorilla produced.
But you produce an original ebook from PLR.me for under $10.
PLR content saves time. You download the content, edit it however you please, and then publish it. You get to market faster. No need to write from scratch. No need to wait for expensive freelancers. It's fast, simple, and incredibly effective.
PLR content keeps you actively publishing. You don't have to worry about generating new ideas every day or week. No more staring at a blank page or furiously brainstorming. You can use content already created and tweak it to gels with your ideal clients.
Head to plr.me, browse their library of resources, and get started.
It's that easy.
Now I want to hear from you; tell me in the comments below which digital product you'll consider creating next. I can't wait to see what you come up with.
Then for more info on how to successfully market your digital product, be sure to tune into the next episode.