Remember on the original Star Trek when people just pressed a button and a food replicator would instantly make whatever you wanted. You didn’t have to go to a store and look for ingredients and then make the meal. No looking up a recipe or getting your hands dirty. Press a button and Voila, a sundae appeared.
Or maybe you don’t remember because you aren’t a total nerd like me.
In any case, you get the idea, press button and food appears. Like “the
food replicator”, digital downloads are almost instant. You pay, press a
button to download, and instantly get what you want. Easy.
Today we have so much information readily available to us. With the click of a button, we have access to books, music, lessons, tutorials, graphics, photography, blogs, themes and more. Pretty much anything you want can be bought digitally.
People are embracing the entrepreneurial spirit. Einstein once said, “Everybody is a genius. But if you judge a fish by its ability to climb a tree it will live its whole life believing it is stupid.” Not everyone is cut out for or is best suited for a 9-5 job.
Many are turning to selling their expertise online. Whether it be writing an ebook or teaching guitar lessons. The problem many people encounter is not knowing if their product will be profitable. We are here to help you out. Here are the 5 most profitable digital products that you can sell on your own eCommerce store.
The most popular digital download goes to the eBook and with good reason. Due to the emergence of devices like the Kindle and Kobo, the popularity of eBooks has skyrocketed. Because of this new era of ebooks, self-published authors are now getting the recognition they deserve. Authors, if they decide to go this route, no longer have to go through the hassle of finding a publisher.
Take a look at these remarkable stats from publishers weekly:
- The Big Five traditional publishers now account for only 16% of the e-books on Amazon’s bestseller lists.
- Self-published books now represent 31% of e-book sales on Amazon’s Kindle Store.
- Indie authors are earning nearly 40% of the e-book dollars going to authors.
- Self-published authors are “dominating traditionally published authors” in sci-fi/fantasy, mystery/thriller and romance genres, and are taking significant market share in all genres.
Self-published books are dominating as they are starting to gather a cult-like following. Many people are tired of seeing the same books published by the same authors and are looking for some variety.
Setting up a site for your ebooks is extremely simple, you get to keep 100% of your profits and 100% of the attention is on you. Nobody has to sort through hundreds of thousands of other titles to eventually land on your book.
70 million. The number of photos, vectors, and illustrations currently being sold on Shutterstock. Not to mention over 750,000 active members in over 150 countries. There were 58 million downloads of Shutterstock images in 2011, which generated $120.3 million in revenue. And that’s just Shutterstock. There’s also Photocrati, SmugMug, Zenfolio, DigiLabs, Shutterfly, Zazzle, iStock.
All this probably sounds pretty good, right? There’s a ton of really big numbers, but the fact is, if you want your images to stand out, they won’t. They become a needle in a haystack and the competition is fierce. You may think your photo is worth a certain amount, but money talks and you’ll need to price your photos competitively in order to stay relevant.
A photo is worth a thousand words. Many times photographers have a compelling story to go along with their photo. Like a merchant selling a product, the description of your photo gives you a chance to really sell someone on it.
Then there’s the fact that these third parties are going to take a major cut of your profit. Not cool. With your own store, you keep ALL of your profits and make sure your photos get the attention they deserve.