Can digital products ever rule the world?
Digital products already rule the world. For instance, eBooks took over as the majority of book sales several years ago, pushing traditional printed books into a close minority. Podcasts are murdering terrestrial radio, and traditional education is growing more and more unappealing in comparison to online education, which is far more specialized, personalized, and sold at a way more accessible price.
If we consider the three products mentioned in your question (if you can consider podcasts products. I would sooner call them content, but it’s not important), they are a major contributor to the e-learning industry, which is rapidly growing. And that’s only one subsection of what these products can be used for.
In the present scenario, especially during COVID, digital products have gained popularity. A new class of entrepreneurs is emerging, online entrepreneurs. Making money online has now become less of a side gig that lets you pay off your electric bill or your car payment, while only the rare one in ten thousand who try something get rich off it. Now this path in life is becoming a legitimate career with amazing upward potential. The scales are shifting, and you don’t have to be incredibly lucky to get rich making and selling digital products or services.
Put simply, we are in the age of the online marketing millionaire. The ones dealing in educational products and the e-learning industry,also known as edupreneurs, are in a prime position to make a strong living and maybe even become online marketing millionaires themselves. Let’s explore more on this topic.
Our society is driven by digital technology. These products have now become part and parcel of our lives. The successful results of digital marketing also contribute to the production of even more digital products. They’re easy and cheap to make, easy and cheap to sell, and even easy and cheap to scale up. There’s really no sign of any of this stuff slowing down, and I have a couple of different ideas of where it’s going in the next ten or twenty years.
With every one preferring to stay at home, digital products are suddenly even more relevant. Be that for entertainment, self-education, general information, passing time, job searching, shopping, socializing, etc. Just thinking of myself, I have subscribed to a lot of online courses and online tools this year. I can confidently say, as well, that over the last five years, I have used and bought many more digital products than I did in the five years before then.
Unsurprisingly, because of how far digital products have come, they are a lucrative opportunity for those who take them seriously and are willing to work hard to produce something valuable. As a result, many more people are entering the business, raising the competition and the standard of quality among buyers.
I am also creating a digital product these days and will release it fairly soon. A friend of mine who has successfully launched and sold a few digital products suggested a specialized method, which is Perfect Product Creation (PPC). With PPC, one can build an awesome digital product that practically sells itself.
In conclusion, digital products are either taking over the world or already have, depending on how you draw that line. We’re not all going to turn into computerized characters, or anything that obtuse, but anything based in information or service is growing increasingly dependent on this new technology standard.
Feel free to reply if you have any questions.