How to Make Money with Digital Products

millions formula
Mar 24
4 min read

How to Make Money with Digital Products: A No-BS Guide

Let’s cut to the chase. You’re here because you want to make money with digital products. Maybe you’ve tried a few things, but nothing stuck. Or maybe you’re starting from scratch, wondering if it’s even possible to turn your skills into cash. I get it. The online world is flooded with advice, but most of it is either too vague or straight-up cringe.

So, let’s keep it real. Digital products are one of the best ways to make money online. Why? Because once you create them, they can sell forever—no inventory, no shipping, no headaches. But how do you actually do it? Let’s break it down step by step, no fluff, no BS.

Why Digital Products Are a Game-Changer

Before we dive into the how, let’s talk about the why. Digital products are scalable, meaning you can sell the same thing to thousands (or millions) of people without extra effort. Think eBooks, online courses, templates, stock photos, or even software. The best part? You don’t need a huge audience or a fancy degree to get started.

But here’s the catch: You need to solve a real problem. People don’t buy digital products for fun—they buy them because they need a solution. So, your job is to figure out what your audience struggles with and create something that helps them.

Step 1: Find Your Niche (The Right Way)

The first mistake most people make is trying to appeal to everyone. Spoiler alert: That doesn’t work. Instead, focus on a specific niche. Here’s how:

Ask yourself: What am I good at? What do people ask me for help with?
Research: Use tools like Google Trends, Reddit, or Quora to see what people are talking about.
Validate: Check if people are already spending money in your niche. If they are, that’s a good sign.

For example, if you’re into fitness, don’t just create a generic workout plan. Narrow it down to something like “30-minute home workouts for busy moms” or “strength training for beginners over 40.”

Step 2: Choose the Right Digital Product

Not all digital products are created equal. Some are easier to create, while others have higher profit margins. Here are your options:

eBooks: Perfect if you’re a good writer. Use tools like Canva or Google Docs to design them.
Online Courses: Great if you’re a teacher at heart. Platforms like Teachable or Kajabi make it easy to host your course.
Templates: Think Excel spreadsheets, Canva templates, or Notion planners. These are quick to create and highly valuable.
Stock Photos/Videos: If you’re into photography, sell your work on platforms like Shutterstock or Adobe Stock.
Software/Tools: This one’s more advanced, but if you can code, the sky’s the limit.

Step 3: Create Something People Actually Want

Here’s the truth: Your product doesn’t need to be perfect. It just needs to solve a problem. Here’s how to make sure it hits the mark:

Start small: Don’t overcomplicate it. A 20-page eBook or a 1-hour course is enough to start.
Focus on results: People don’t care about the process—they care about the outcome. For example, “Lose 10 pounds in 30 days” is more compelling than “A guide to nutrition.”
Get feedback: Share your product with a few people before launching. Their feedback will help you improve it.

Step 4: Price It Right

Pricing can make or break your product. Charge too little, and people won’t take it seriously. Charge too much, and they’ll walk away. Here’s a simple formula:

Research competitors: See what others in your niche are charging.
Start low: If you’re new, start with a lower price to build trust and get reviews.
Test and adjust: Don’t be afraid to raise your prices as you gain credibility.

Step 5: Market Like a Pro

Creating the product is only half the battle. The other half is getting it in front of the right people. Here’s how to do it:

Build an email list: This is your most valuable asset. Offer a freebie (like a mini-course or checklist) in exchange for email addresses.
Leverage social media: Share valuable content related to your product. For example, if you’re selling a fitness eBook, post workout tips on Instagram.
Collaborate: Partner with influencers or bloggers in your niche to reach a wider audience.

Step 6: Scale and Automate

Once you’ve made your first few sales, it’s time to scale. Here’s how:

Outsource: Hire freelancers to handle tasks like design or customer support.
Automate: Use tools like Zapier or ConvertKit to automate repetitive tasks.
Upsell: Offer related products or services to your existing customers.

FAQs About Making Money with Digital Products

Q: Do I need a big audience to sell digital products?A: Not at all. Even a small, engaged audience can generate significant income.

Q: How much money can I make?A: It depends on your niche and marketing efforts. Some people make a few hundred dollars a month, while others make six figures.

Q: What if I’m not tech-savvy?A: You don’t need to be. Most platforms are user-friendly, and there are plenty of tutorials online.

Best Websites to Make Money Online

If you’re serious about making money online, here are some platforms to check out:

MillionFormula.com: A comprehensive resource for building and scaling your online business.
Teachable: Perfect for creating and selling online courses.
Gumroad: Great for selling eBooks, templates, and other digital products.
Shutterstock: Ideal for selling stock photos and videos.
Etsy: Yes, you can sell digital products like printables and planners here too.

Final Thoughts

Making money with digital products isn’t a get-rich-quick scheme. It takes work, but the payoff is worth it. Start small, focus on solving real problems, and don’t be afraid to put yourself out there.

Remember, the key to success is consistency. Keep creating, keep learning, and keep improving. And if you’re looking for a step-by-step guide to building your online business, check out MillionFormula.com. It’s packed with actionable tips and strategies to help you succeed.

Now, go make something awesome. The world is waiting.