In this internet era, where practically everything is going Digital, it is very Important to understand new innovations, trends and systems people use to make money using digital devices and the internet.

One of such ways is through the use of Digital Products. This is particularly important to explain because whenever we hear “Products” what comes to mind is the physical products that we buy in stores and in our markets however, this doesn’t really encompass what products are.

That’s why in this article, we will be exposing what Digital Products are, why it is very important that you have at least one Digital Product and also, how you can create one yourself.

𝙒𝙝𝙖𝙩 𝘼𝙧𝙚 𝘿𝙞𝙜𝙞𝙩𝙖𝙡 𝙋𝙧𝙤𝙙𝙪𝙘𝙩𝙨?

Digital Products are special kinds of products that are intangible; they can not be touched, felt, or held with our hands, however, they provide us with value and are produced using Digital Devices, like Smartphones, Laptop etc.

Digital products come in different formats, for example, they can come in Text Format, Audio Format or In Video Format.

𝐓𝐞𝐱𝐭 𝐅𝐨𝐫𝐦𝐚𝐭- A Digital Product can be created to be read only. This means that we access its content by looking at it and reading it.
Some examples of Digital Products in text format are Ebooks and Checklists.

𝐀𝐮𝐝𝐢𝐨 𝐅𝐨𝐫𝐦𝐚𝐭 – You can equally create a Digital Product to be in Audio Format. This means that we can only access such products by listening to its content. We can not read it or watch it, rather, we listen to it and gain value.
This digital product format can come as recordings, podcasts etc.

𝐕𝐢𝐝𝐞𝐨 𝐅𝐨𝐫𝐦𝐚𝐭 – A digital product in Video Format is a digital product that we watch as a video. We can read, watch and listen to it.
An example of such a product is Courses, and How-to videos.

So, now you have a basic understanding of what Digital Products are, let me show you why it is very Important that you create or have at least one Digital Product.

𝙒𝙝𝙮 𝙎𝙝𝙤𝙪𝙡𝙙 𝙔𝙤𝙪 𝙃𝙖𝙫𝙚 𝙔𝙤𝙪𝙧 𝙊𝙬𝙣 𝘿𝙞𝙜𝙞𝙩𝙖𝙡 𝙋𝙧𝙤𝙙𝙪𝙘𝙩?

One of the interesting characteristics of Digital Products is that it can never finish or go out of stock like physical products, which means that you can sell it to an unlimited number of people and won’t bother about finishing the digital product or restocking.

Think about it, the ability to create a digital product just Once, and then selling thousands of it without creating another one and it still won’t finish.

This means huge profits from just one digital product.

So you see how important it is to have at least one Digital Product.

But then, how do you create one?

Here is how to create a Digital Product.

𝘏𝘰𝘸 𝘛𝘰 𝘊𝘳𝘦𝘢𝘵𝘦 𝘈 𝘋𝘪𝘨𝘪𝘵𝘢𝘭 𝘗𝘳𝘰𝘥𝘶𝘤𝘵.

Creating A digital product isn’t rocket science. To create a Digital Product, first, you have to decide on what you are creating & the problem your product is solving, who it is for and your Digital Product format.

Let’s take it one at a time.

The first step is to decide on what you are creating and the problem the product is solving.

So, let’s say we want to create a Digital Product, we can decide to create a digital product that helps women with Fibroids get rid of the Fibroid without surgery. Once we have decided on this, we now know what we are creating and the problem our product is solving.

The second step is to determine our target audience for our Digital Product.
This will help us with the tone and choice of words we will use in our Product.

So, let’s say that our Digital Product above is for Women who have Fibroids and as a result, have not been able to give birth and equally, men whose wives have Fibroids.

The Third Step is to determine the Digital Product Format we will be using to create our product.

This rests on a number of factors; what are you comfortable with? The best way to dish out the information you are giving out.

For example, if you are showing tailors how to measure and cut their cloth when sewing, a video based digital product would be the most ideal.

Now, for our Digital product above, it is not ideal to create our Digital Product in Audio Audio Format(unless some circumstances call for it)

However, we can decide to use ebooks that would equally have pictures or at best, a video to properly explain and show everything we’d want to.

For the Test Format, you can easily hop on Google Docs, write everything you want about your product and export as Document or a PDF, thereby, you can be able to easily send it out as people are buying.

For the Audio Format, you can set up a simple recording studio. Remember, it mustn’t be elaborate. You can start from what you already have – Your smartphone and a quiet environment.

For the Video Format, you can use your Smartphone, a dedicated mic and your quiet environment.

Alternatively, if you don’t want to show your face, maybe because you are camera shy, you can go over to Google slides, design some presentations with texts and pictures of what you are teaching, then record your laptop screen with recording tools like Vimeo, Camtasia etc.

So, whatever you choose to do, there is always a way out.

Here is a good tip: Don’t complicate things. Always start with what you have…because it is enough…for now.

Here you have it, Digital Products and how to create one for yourself. Go on to create one and sell the heck out of it!

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