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Products for theSerious Entrepreneur!

If you desire to be, or consider yourself an entrepreneur, you should have some type of digital information products and/or services floating around in the worldwide online community. According to Forbes, the online learning industry made $107 billion in 2015. Are you sold on providing digital information products and services yet? If not, you probably haven’t thought about the major benefits of doing so.

There are many advantages to selling digital information products and services. If you teach or facilitate trainings, have you considered implementing paid videos? If you are selling your new book out of the trunk of your car, how beneficial is it for you to sell an e-book that can reach millions? E-books, workbooks, courses, webinars, virtual summits, membership sites, and phone applications are all digital products that can make you money (that can be made while you are sleep). The benefits for using digital information products are endless. Check out these tips to encourage you to transition from brick and mortar to the online world.

Digital information products and services simply mean that your products and services are delivered online. The services of selling songs/movies on iTunes are considered digital services. Facilitating life-coaching groups via webinar platforms is considered a digital information services. Digital goods or services that are untouchable exist in digital form so you should consider providing both. Products and services can give you a boost in revenue and add an additional stream of income. If you provide a service, what product do you have to sell with it? Life-coaching services can be coupled with organizational journals or e-books.

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Low Overhead Costs. How much does it cost to rent a space for selling products versus selling products online? There are three types of overhead costs, business, admin, and manufacturing overhead costs. You will save money on facility costs, include accounting fees, advertising, insurance, interest, legal fees, labor burden, rent, repairs, supplies, taxes, telephone bills, travel expenditures, and utilities.

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A Larger Market. The Internet reaches more people online than a physical location could reach consumers. The Internet targets the largest audience for business, products, and services and does not have any borders or boundaries. Anyone can access it from all over the world.

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Work from anywhere: another major benefit of selling digital information products is having the ability to work from home, on a beach, or in another country. Take advantage of digital information products and services while living your best life.

Consulting services can be offered with supporting products that align with your services (e.g. online leadership courses, sale online products to support your brand, etc.).

Get started by simply creating a small e-book on your favorite topic or inviting 10 people to a webinar on a topic that you have mastered. No matter what you decide to do in the digital information world, just remember there’s never been a better time to do it.