Why sell digital products?

Selling digital products doesn’t require inventory, shipping, or storage. You create something once, and sell it over and over again, generating passive income. Along the way, you get to enjoy higher profit margins, lower overhead, and endless scaling. You can update digital products anytime, personalise them for your audience, and reach customers globally.

And to be more exhaustive:

• Lower barrier to entry. Digital products are cheaper to create and test out, as you don’t need to worry about production, inventory, or shipping.
• High profit margins. With digital products, you don’t have to worry about overheads, which means most of what you earn is profit. The key is to price your products wisely so you’re not just making sales, but actually making it worth your effort.
• Built-in scalability. Whether one person or one thousand buys your product, you are not forced to create more of the same product.
• Hands-off fulfillment. With an online store builder, like Sellfy, you can set up your store in minutes, upload your products, and let it run. Every order gets delivered instantly, plus your files are automatically protected from piracy.
• Infinite shelf life. Digital products will never expire, wear out, or go bad. An e-book, template, or a simple PDF you make today can keep selling for a long time with zero upkeep.
• Growing demand. The market for digital products is booming. For example, just the digital fitness and well-being market is expected to reach $83 billion by 2029.
• Global reach by default. You’re not limited by geography. The moment your product is online, anyone with an internet connection can buy it.
• Portfolio effect. You can eventually increase lifetime customer value by bundling products, upselling, or developing membership models.

Alas, selling digital goods isn’t always easy. You need strong branding, clear descriptions, and dependable support to establish trust because customers cannot hold what you sell, competition is fierce, and piracy is a risk.