1. It is fast
Digital products are very fast to produce and to deliver if you have to compare with the physical products. They are also fast to upload once you have it developed and ready to be consumed.
Once the product is on the web it is also fast for the consumers to get hold of your digital product.
2. It is downloadable
One of the greatest advantages of promoting digital products it is that it only takes a click of a button to get hold of it. Once the buyer clicks on the download button he or she can have it on the computer on a matter of seconds or minutes depending on the speed of the bandwidth.
3. It is easy to produce
Digital products are relatively easy to produce if compared to physical products. And this plays to large extent to your advantage as a marketer. The ability to have a product easily delivered ease phenomenally attractive.
4. It does not require storage place
Can you imagine the ability to create and develop products that do not require a storage place. The only place that they require is a small portion in your hard drive or anywhere else in your computer. This fascinates me.
5. You never run out of stock
Quite obvious isn’t it? You never run out of stock because you only need one copy which can be downloaded for x amount of times. Once the product is available on the web to be downloaded that is all you need, no stock required.
6. There are no maintenance costs
There is no need to maintain your products because by their very nature, they are digital. Therefore there is no need to physically maintain them although in some cases for software products some customer assistance is offered. But there are no costs attached to that.
7. There are no delivery costs
Everything is delivered to your computer almost instantaneously the moment you hit the download button. This saves largely in the delivery costs that we know offer in relation to physical products.
8. There are no inventories to keep
You do not have to keep inventories because there are no quantities of products to count and to keep track of. If you are like me i prefer it that way, it makes my life much much easier.
9. It is delivered on autopilot
Of the greatest benefits by far is the fact that you do not have to constantly be there to sell your product. Once you automate everything your presence is not required, Therefore you make money while sleeping.
10. It is cheap to produce
Are there costs to produce digital products? Yes there are costs attached to which stem from outsourcing the development of your product. No matter how gifted you are, there are certain things that you will have to pay somebody else to do for you.
And that is where the costs come to play, from developing graphics to your WebPages and your eBooks, or even to the development of software. However, that is still nothing compared to what you pay to develop physical products.
Well i hope you got some clarity in through this article, as you can see the benefits far outweigh its disadvantages.