Make $14,417/mo creating digital products (DON'T sell on Etsy!)

Introduction

This tutorial will guide you through the process of creating and selling digital products to generate a consistent passive income. Based on strategies shared by Molly Keyser, this guide focuses on effective platforms and marketing techniques that can help you earn up to $14,417 per month, without relying on Etsy.

Step 1: Identify Your Niche

• Research Your Interests: Consider what topics you are passionate about or skilled in.
• Analyze Market Demand: Use tools like Google Trends or social media platforms to identify what digital products are trending.
• Select Your Audience: Define who your ideal customer is and what problems you can solve for them.

Step 2: Generate Digital Product Ideas

• Use Available Resources: Access free resources for inspiration:
  • 54 Digital Product Ideas List: Download from Molly's website to spark creativity.
• Consider Different Formats: Digital products can include:
  • Ebooks
  • Online courses
  • Printables
  • Membership sites
  • Templates and worksheets

Step 3: Choose the Right Platform

• Avoid Etsy: While Etsy may be popular, explore alternative platforms that offer better profit margins such as:
  • Your own website (using platforms like WordPress or Wix)
  • Shopify for ecommerce
  • Gumroad for digital downloads
• Utilize Software Tools: Consider using Systeme.io for managing your entire business, from sales to email marketing.

Step 4: Create Your Product

• Focus on Quality: Ensure your product is well-designed and provides value to your customers.
• Use Design Tools: Tools like Canva can help you create visually appealing products, regardless of your design skills.
• Test Your Product: Before launching, get feedback from friends or focus groups.

Step 5: Develop a Marketing Strategy

• Build Your Email List: Use the free Funnel Bundle to start capturing emails of interested customers.
• Create Engaging Content: Start a blog or YouTube channel to share valuable content related to your product, attracting potential customers.
• Leverage Social Media: Use platforms relevant to your audience to promote your products and engage with followers.

Step 6: Launch and Optimize

• Plan Your Launch: Create anticipation through teasers and pre-launch content.
• Collect Feedback: After launching, gather customer feedback to improve your products.
• Optimize Your Sales Funnel: Use analytics to track sales and customer behavior, allowing for adjustments to maximize earnings.

Step 7: Scale Your Business

• Explore Additional Products: Once you have a successful product, create complementary products to increase sales.
• Automate Processes: Use tools like email automation to streamline your business operations.
• Network and Collaborate: Connect with other creators for joint ventures or promotions to expand your reach.

Conclusion

By following these steps and utilizing the resources mentioned, you can build a successful digital product business that generates consistent income. Remember to stay adaptable, keep learning, and continue refining your products and marketing strategies. Start today and take the first step toward financial freedom through digital products!