This blog post has been authored by Kimberly Lovi, Kimberly Lovi, Inc.
If you’re looking to launch an online business, blog, brand, chances are you want control of your schedule, income and your life. You want to live life each day on your terms. Many bloggers, influencers and course creators want to know how to monetize their blogs.
I recently watched a very successful blogger who makes 5 figures a month off her blogs share that of all the ways she makes money, (affiliates, display ads and her own products), about two thirds of her income comes from her own digital products. Sounds pretty compelling, right?
Great. Now that we got that out of the way and agreed we all want to make money, I’m going to share why creating a digital product is the best way to monetize your brand.
Control: When you create your own product you can make anything you want – yes, absolutely any topic in any format that resonates with you and your audience. You can make the products under your own timeline that suits your own schedule. You also don’t NEED anyone else to promote, approve or do anything that.
Flexibility: if you need or want to pivot your product offerings you can on a dime. You can change the type and nature of your offerings, you can change the frequency and you can change how you market and deliver your products if you want to try something new. You can also play with different pricing and packaging strategies as you see fit.
Maximized Profits: The overhead to building digital products is much lower than say actual products. You don’t share profits, you don’t depend on anyone to dictate your commission, you create the product and sell it directly to the consumer for maximum profit.
Ownership: when creating a digital product you have complete ownership over the product, unlike with social media, you are building your own house on your own land.
Easy to Create: Now more than ever creating and delivering your digital products is easier than ever. Technology to support the creative process has never been more available. Now more than ever, if you can understand the technology you’re good to know.
What are your greatest challenges in creating digital products? DM me or find me on kimberlylovi.com
Hi! I’m Kimberly
I help entrepreneurs, bloggers, influencers, content creators and educators learn how to develop digital products to monetize their business. I help you build and expand your digital footprint, brand and your empire. I do this through my courses, podcast & coaching.