Topic > Digital Product Business Models - 2557

He made sure they had a fresh copy of the day's newspaper to read as he drove them around. He offered them a cup of hot chocolate or a bottle of water. They carried their bags in and out for them. In the blink of an eye he quadrupled his income and was so busy that you could only see him by appointment a week or two in advance. I also read a similar concept in a children's book about a lemonade stand. Apply the principles of becoming a big fish if your heart desires to rest in the service industry. Digital Products: These are semi-tangible goods as they exist in digital form. Strengths: There are many business models that digital products are highly compatible with and it can offer multiple ways, very quickly, for people to access your message. You can create them anywhere, anytime and they are the easiest and cheapest to create. The only thing you have to invest is your time in creating your product… and even that can be outsourced if you have some money to spend. You can spend money on premium tools and products (which I prefer to do) or just use free software to get the job done. You only have to create a digital product once and then every time they are purchased they are automatically reproduced, which gives them unlimited income potential. You get to keep almost 100% of the sale as income since there is no inventory (minus credit card processing fees). If you want to update your product, simply make the change, re-upload it and you will now have "Version 2.0" as a selling feature. Weak Point: The downside is that there is slightly less perceived value than many of their physical counterparts. There is also a greater potential for piracy here. Thoughts: For me, piracy is another way for people to learn... middle of paper... introduction, conclusion or background music this is the resource I use when I don't have a talented colleague around. tpip.biz/creationresourceMore for your information, from the writing stage to completing a couple of hours audio product takes me about a week if I choose the highest quality, a lot of editing and do everything myself. A day or two for the script, a day for recording and a couple more for editing. Editing decreases dramatically if you follow my previous advice, especially not to edit too much. Finally, personal confidence adds a lot. Have fun! Unfortunately, I'm sure some of you won't be willing to let the world hear your voice. My suggestion to you is to hire an inexpensive voice actor on sites like upwork.com, eLance.com, Fiverr.com, and even craigslist.com (hint: you may find more closer to Hollywood on craigslist).