Starting and running a traditional business can be hard and not everyone can handle it.
There’s so much to deal with – employees, meetings, legal structures, regulations, inventory, customers, marketing…the list goes on and on.
Who needs all that stress?
Instead of going the traditional route, have you considered creating digital assets to make money online?
Let me tell you, as someone who’s been there, creating digital products is so much better and easier than slogging away with a typical business.
I used to have my own service-based company. While it was successful, it required a ton of time and energy to keep running smoothly. I always felt anxious and overwhelmed trying to manage everything and everyone.
These days, I make a full-time income through my digital assets. And I have way more free time and flexibility.
Trust me, you do not want to deal with all the headaches a regular business brings.
Let’s look at some of the ways creating digital assets beats starting a business.
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Employees can be hard to deal with. You have to recruit, interview, hire, train, manage, and pay them. If there are problems, you have to resolve workplace conflicts and disputes.
With digital assets, it’s just you! You get to control your time and workload. No more worrying about motivating someone or making sure they complete tasks properly.
Meetings take up so much valuable time. As a business owner, you have to attend meetings with clients, employees, vendors, partners, investors, accountants, lawyers…the list is endless.
Most meetings feel like a waste of time. Creating digital products lets you skip the pointless meetings so you can focus on work you enjoy.
Starting a legitimate business requires forming some kind of legal structure like an LLC or corporation. There’s often complex paperwork, fees, accounting requirements, and regulatory hoops to jump through.
Selling digital downloads and info products doesn’t require officially forming a business. You can simply operate as a sole proprietor using your own name and tax ID number. This saves you time, money, and hassle.
Without the overhead, infrastructure, and red tape of a conventional business, digital products let you focus on what matters – making sales and earning an income.
Every digital product you create is a potential source of passive revenue. The more you produce, the more money you stand to make.
It’s easy to scale your income because your overhead costs stay low even as your product portfolio expands.
Owning a high-demand business can quickly lead to burnout. You get overwhelmed trying to juggle all your responsibilities.
With digital assets, you control how much or how little you work at any given time. Don’t feel like creating products today? Then take the day off!
You can come and go as you please since your digital products continue earning money for you even when you take time off.
Physical and service businesses often require you to focus on one niche. But with digital assets, you can create products about any topic you want.
Got a passion for gardening? Make a gardening ebook! Love knitting? Sell knitting patterns! Fan of horror films? Create movie guide downloads!
The freedom to work on what excites you keeps you engaged and inspired. When your work aligns with your passions, it never feels like drudgery.
Conventional businesses often require a commitment to a single industry or product. But you’re not locked into anything when you make digital assets.
If you get bored or find a new calling, simply pivot into creating products about something different. Since everything is digital, you don’t have to liquidate any inventory or close up shop.
You can effortlessly change your product focus anytime you want. And any assets you made previously will continue earning passive revenue for you.
To put the earning potential of digital products in perspective, let’s run some numbers:
Now imagine if each product took you 30 minutes to make and sold for $20 profit.
See how quickly the income potential scales up.
Even if you only worked an hour a day creating products, you could easily clear over $30k/year in passive profits!
And that assumes you do no promotion. With some marketing, you could easily 2x or 3x your sales and profits.
The great thing is you can create any type of digital asset about any topic. Here are some possibilities:
The options here are practically endless! Choose ideas that relate to your skills and interests so you enjoy the creation process.
The specific creation process depends on what type of digital asset you want to make.
But typically it involves:
Many online marketplaces like Creative Market and Envato handle all the sales system and delivery logistics for you.
So you can focus purely on making great products and driving traffic to your listings or sales pages.
While production time varies, you can make most basic digital products in 1-3 hours once you get the hang of it. More complex assets like online courses take longer but can sell for higher prices.
I don’t know about you, but I think creating digital products sounds way more appealing than slogging away at a demanding typical business.
With digital assets, you get the freedom and flexibility to work when you want, take time off whenever, and explore all your passions – not just one niche.
And you can scale up your earnings exponentially since overhead costs are so low, but the profit potential is unlimited.
So why not give it a try?
Pick an idea you’re excited about, make your first digital asset, get it listed online, and see how sales go. I bet you’ll be hooked once you see your first profits rolling in!
The passive income from all those digital assets will add up fast. Before long, you’ll be earning way more than you ever could at a 9-5 job.
And you’ll have way more time and freedom to enjoy your life.
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