eBay and New Regulation on Digital Products

This article will talk about the new regulation of eBay about the ban of all digital products sold there. We will also lay out the possible alternatives to the ones who are currently selling digital items on eBay. Also, we will discuss what will be the impact to the whole internet community and should we do anything about it.

As many of us have known that in the middle of March 2008, eBay announced that it will no longer allow digital items to be sold on its site. The items include all the digital or electronic books, templates, software, websites, scripts or anything that can be delivered digitally. The reasons given from the site are that many people use digital products to manipulate their feedback scores. Such an act makes it difficult to manage their feedback evaluation. eBay therefore decided to stop digital items to be sold on the site starting at the end of March 2008.

This was a very bad news to many people who promote and sell digital products. Some use such products to build up their mailing list. Others use this channel to sell the whole package of e-books and earn good income out of it. There were discussions among the people who involve in the matters. They discussed about the possible alternatives including:

1. Stop working with eBay. Use other internet marketing method.

2. Change to sell to other types of products which has low delivery cost. Stop selling digital items.

3. Sell them without digitally delivery. This means they will have to transfer them to physical form for example in CD or DVD.

4. Go to other auction sites.

5. Boycott eBay and launch a campaign to get the such products back.

Although a lot of people are in trouble because of this policy. Many have a very positive view on this action. They are the people who sell software and e-Books outside eBay. Let’s face it. eBay had a lot of illegal digital products on it and they dare not do anything about them for a long time. The availability of cheap digital products on the site gave a lot of headache to the original and legitimate owners of the same products. This action gives them a relief and be more confident to research and launch more digital products onto the market.

In addition, we may have a chance to launch the digital products in the future and we don’t have to be worry that our products will be sold cheaply on eBay without our consent.

eBay new policy made a turmoil to the industry. It however has some good points. This article shows you the possible alternatives how to deal with it and other angle of the strategy and impact to the industry.

Can I Earn Enough Money From Selling Digital Products?

If you think you cannot handle inventory, packaging and shipping, try selling digital product instead. You can certainly earn enough money from it. There are a few advantages selling digital (also known as electronic) product.

(1) You can produce the product in much lower cost and can be reproduced easily. All you need is a PC or laptop and your time. You can earn 100% profit from this.

(2) It is hassle-free. You do not need to handle packaging and delivery. You do not need large space for inventory. Your hard drive space is your warehouse.

(3) Since it is digital, customer can instantly download the product after payment. It is clean and faster way of doing business.

(4) You can offer better price because you do not incur any packaging or freight charges.

(5) You can build fully automated online business. Once customer payment is verified, they can download their digital product. They can view it through the PC or print it themselves. There will be minimum involvement from you.

What Type Of Digital Product?

Digital products can be information product, application software, e-books, video and audio. The most popular is e-book. It can be produce easily, re-produce and sell as many copies as you like. Modification in the e-book can be made faster and simpler. Common format is in PDF (by Adobe.com). Be creative to attract more customers. For example, make your e-book more interactive. Readers will find it very exiting and they just cannot wait to finish the whole book.

Can I Earn Enough Money?

The price of digital product varies. It also depends on the content offered. Write useful and content rich e-book can be time consuming but worth it compare to the profit that you are going to earn. Say you have 100 visitors and 2 of them buy your product that is sold for $40. That is 2% conversion. The higher conversion the more you can earn. You can basically earn $ 2,400 in a month. If you can offer more different products with same conversion rate, you can make 5 figure profits. You just need a little bit of time in beginning. After that you just re-produce the product and sell at the same price.

I Do Not Know How To Write.

You do not have to be the best author to start writing your e-book. Find solution to other people’s problem. That is also the reason people surf the internet looking for answers or solution to their problems. When you have the idea but do not know how to write, hire someone to write for you. Get whole bunch of freelancer (example elance.com) and you can provide the keywords they need to provide in the content and the title. It might cost you few hundred dollars for an e-book. Same goes to application software. You do not have to know programming. Hire expert to do for you. The key is you have the IDEA.

Now you know some ways to earn enough money from selling digital product. You understand how digital product benefits you in many ways. You can DIY (do-it-yourself) e-book that is common digital product in the market. You also learn how to get help to complete your digital product. So go out there and have fun.

How to Sell Digital Products Online

The internet not only allows people to buy physical products online but to also buy digital products. The form of a digital product can be anything – as long as it’s downloaded directly to your computer. It can be a video, ebooks, websites, pictures, music and even ideas. Marketing your digital products should be done right through the proper channel.

You can easily put up music and ebooks for sale at Amazon through their Kindle readers. They are one of the biggest online retailers that allow you to easily write your own eBook and publish them.

They sell all sorts of products and digital products are not excluded as well. It cost nothing to put up your item for sale and they will only deduct their fee after the item is sold.

A lot of people have made easy money by creating the weirdest but interesting programs. If you own an iPad, iPhone or iPod, you will know there are lots of weird but interesting apps on the Apple Store. And you can be sure that the creators of the apps are raking it in with those apps.

There are a lot of bidding websites that you can sell your work on other than Apple app store. eBay is just an example of a website to sell your item. There are also specific bidding websites for different digital products such as pictures, programs or even website.

You can make a sales page and host it on your own if you do not want to go through any middleman to sell your electronic products. A good sales page needs to be able to persuade people to buy your product and this require a lot of split testing on your sales page.

Start an affiliate program to help get advertisers to spread the word on your digital product. They will help make reviews and sales page help boost your digital product sales to get commission from you.

How To Sell Your Digital Products to Earn A Lot Of Revenue

Are you looking for a smart way to sell your digital products online? The smartest way to sell digital products is to create a list of potential buyers. It is a great way to earn a lot of revenue. So to build a list of potential buyers, you have to do four things. They are a squeeze page, article writing, an email list and a digital product. Here you will learn how to do these things correctly to sell your own digital products and make money.

1. A squeeze page is the main thing of the whole process. It has only two tasks. First, it should inform about your product. Second, it should collect customers’ email addresses and names. To make it in the right way, you will need to build it yourself. Basically you will have to create a headline, few bullet points, an opt-in box and a reason to make it perfect. In this way it will be unique. Anyway, it should be simple and easy to read in order to not confuse the visitors.

2. Next challenge is to get visitors to visit your squeeze page. You can do it by using article writing. So you will need to write articles to attract interested buyers. The article should be about the same topic as your digital products. For example, if your products are about weight loss, then the article should be about weight loss as well. In this way you will create a good relationship with your customers.

3. Each of your articles will send visitors to your squeeze page. A squeeze page will ask for their email addresses. Each of the email addresses will join to your email list. Thus, you will get a big list of hungry buyers. These buyers will be those who will buy your digital products. The bigger the list will be the more money you will earn.

4. What should you do with an email list? You will need to establish a good relationship with each of your customers. You can do it by asking some questions. Then you will need to create a digital product based on customers’ needs. After you have the right product, you should sell it by sending an email with the offer of the product. Then some of your customers will love your offer and they will buy your product. In this way you can earn a pretty good monthly income.