Mike Mack Asks: What's the Best Way to Sell Digital Products? My Answer
The Ultimate Guide to Selling Digital Products: A Proven 3-Step System
In today’s digital age, turning your knowledge into a profitable online business is more accessible than ever. Whether you’re looking to sell eBooks, online courses, or any other type of digital product, the potential to generate significant income is within your reach. However, to succeed in this competitive market, it’s essential to have a solid strategy in place. This guide will walk you through my proven 3-step system for selling digital products, a system that helped me make $75,000 in my first year without any formal writing skills.
Step 1: Select Your Platform—Control or Speed?
When it comes to selling digital products, the first decision you need to make is where to sell them. There are two primary options:
- Sell Through Your Own Website:
This method gives you full control over your sales and profits. You won’t have to share a percentage with a third-party platform, and you’ll have the freedom to market your product however you choose. However, this route requires more effort in terms of driving traffic to your site and managing sales.
- Sell Through Third-Party Platforms:
Platforms like Amazon, Audible, and eBay offer a quick way to get your product in front of a large audience. The downside? You’ll need to share a portion of your profits, and you’re subject to the platform’s rules and regulations. This method can be a good starting point for those who want to get their product out quickly but don’t mind giving up some control.
In my experience, selling through your own website is the best long-term strategy. It allows you to build your brand, keep all of your profits, and create a direct relationship with your customers. However, if you’re just starting and want to test the market quickly, using a third-party platform can be a viable option.
Step 2: Pre-Launch—Sell Before You Create
One of the biggest mistakes new digital product creators make is spending months or even years developing a product, only to find out there’s no market for it. To avoid this pitfall, I recommend pre-launching your product. Here’s how it works:
- Offer Your Product Before It’s Created:
Create a landing page or a simple sales page where you explain what your product is and what problem it solves. Let potential customers know that the product is in development and will be available soon.
- Collect Pre-Orders:
Use this page to collect pre-orders. If you see a strong response, you’ll know there’s a demand for your product. If not, you’ve saved yourself a lot of time and effort by not creating a product that won’t sell.
- Develop Based on Feedback:
Once you’ve collected enough pre-orders, use the feedback from your customers to refine and develop the product. This approach not only ensures that there’s a market for your product but also allows you to create something that truly meets the needs of your audience.
This pre-launch strategy has been a game-changer for me. It allowed me to make money upfront, reduce risk, and focus on creating products that I knew would sell. I used this method for my VA course and it was a tremendous success.
Step 3: Content Creation—Build Your Audience First
Content is the backbone of any successful digital product business. Before you even think about selling a product, focus on building an audience through consistent, valuable content. Here’s why:
- Establish Authority:
Creating free content allows you to showcase your expertise and build trust with your audience. Whether it’s through blog posts, videos, or social media updates, the more value you provide, the more likely people are to see you as an authority in your niche.
- Grow Your Email List:
Use your content to drive traffic to your website, where you can capture leads through a sign-up form. Offer a free lead magnet—such as an eBook or a mini-course—in exchange for their email address. This email list will be invaluable when you’re ready to launch your product.
- Test Your Ideas:
Content creation is also a great way to test the waters and see what resonates with your audience. Pay attention to which topics get the most engagement, and use that information to guide your product development.
I spent three years creating free content before I ever sold a digital product. This content helped me build a loyal following, an email list, and, most importantly, a deep understanding of what my audience wanted. When I finally launched my first product, it was a success because I had laid the groundwork with consistent content.
Bonus Tips for Success:
- Leverage Social Media:
Social media platforms like YouTube, Instagram, and Facebook are powerful tools for reaching your audience for free. Use them to promote your content, engage with your followers, and drive traffic to your website.
- Focus on SEO:
Search engine optimization (SEO) is crucial for getting your content in front of the right people. Use keywords like "seller finance," "owner financing," "subject to investing," and "wraparound mortgages" to ensure your content ranks high in search results.
- Use Email and SMS Marketing:
Once you’ve captured leads through your website, stay in touch with them through email and SMS marketing. Regular updates, exclusive offers, and valuable content will keep your audience engaged and ready to buy when you launch your product.
Selling digital products is a lucrative business, but it requires a strategic approach. By choosing the right platform, pre-launching your product, and building an audience through consistent content, you can create a successful online business that generates income for years to come.
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