With the rising cost of business operation, barriers of entry into running a business is high and it is very risky to start a brick and mortar business in this technology age. Aspiring entrepreneurs like you and me find our dreams of starting a business crushed and we are forced to accept status quo and start working a 9 to 5 job. People then ask, “what is the solution?”
Digital Products, Our Saviour.
Digital products are virtual goods and services sold online and are delivered immediately after the payment is made. For example, when you buy a digital product, just like buying anything online, you will make payment with PayPal or a credit card. Once the payment is made, you will be directed to a download page hosted by the seller, where you will be able to download and gain instant access to the product you just purchased.
Types of Digital Products
Digital products comes in various forms. It can be in the form of an eBook, video, mp3 file, podcast, document, software program, phone application; the list is endless.
Tools You Will Need to Start Selling Digital Products
Just for you, I have created a list of what you will need in order to start an Online Business at minimal cost. Depending on what type if digital product you want to sell, some of the tools may not be required. The best part is that you probably already have access to most of these tools but are not aware of it!
- A computer
- Writing platform (Microsoft Word, PowerPoint, Keynote, Google Slides etc.)
- A brilliant idea (probably the most difficult to generate)
- Camera (you can use your smartphone camera.)
- Basic film editing skills (I really mean basic, like “you have almost no clue” kind of basic)
- A decent microphone (for the mp3 and podcast people)
- App development skills (for application development)
- A smartphone (for convenience)
These tools are the most affordable and available resources around you that has the potential to help you build and grow an online business from scratch.
Personally, I am a fan of writing. Therefore, you see most of my work will be done through blogging and writing eBooks. Currently, I am working on an eBook, The $10 Start Up, to help young aspiring entrepreneurs to start their own business with their pocket money.
If you feel comfortable in front of the camera, you can produce video products. Have a good voice? Try doing a podcast!
Depending on which product you are comfortable with producing, grab the necessary equipment and start taking action!