TLDR;
This video presents a list of the top 10 digital products to sell in 2024 for high profit margins, focusing on ease of creation and sales. It covers niche ebooks, digital life planners, AI prompt packs, white-label website creation software, website templates, lead magnet templates, social media hacks, online courses, masterminds/membership communities, and one-to-many online coaching.
- Niche ebooks are effective as gateway products to build trust and ascend customers to higher-priced offerings.
- Digital life planners can be created using AI and platforms like Canva/Notion and sold on platforms like Etsy.
- AI prompt packs cater to the increasing need for AI utilization skills.
- White-labeling website creation software allows reselling rebranded software.
- Selling website templates is simplified with AI-powered builders.
- Lead magnet templates are valuable for creators aiming to monetize their audience.
- Social media hacks offer time-saving tools for creators.
- Online courses, especially in the "how to make money online" niche, can command high prices.
- Masterminds/membership communities provide networking opportunities and status.
- One-to-many online coaching is highlighted as the most scalable and accessible digital product.
Intro [0:00]
The video introduces the concept of selling digital products for profit, highlighting that many individuals earn over $1,000 daily through this method. It aims to identify which digital products are effective and current as of 2024, based on the speaker's experience of making millions selling ebooks, courses, and mentorships. The focus is on products with near 100% profit margins, no inventory, shipping, fulfillment costs, or ad spend.
Niche Ebooks [0:34]
Ebooks remain viable if they target specific audiences. Instead of general advice, focus on specific success stories, like earning $100,000 through Instagram posts in 60 days. Platforms such as Gumroad or School facilitate automated delivery. These ebooks serve as gateway products, building trust through high value at a low cost, which allows upselling to more expensive courses, communities, or mentorships. Some creators use ebooks as free lead magnets.
Digital Life Planner [1:43]
Digital life planners, especially those with a clean, simple, and minimalistic design, are popular on platforms like Etsy. These planners can be created using AI and designed on platforms like Canva or Notion. One example, the minimalist life planner on Etsy, has generated over $180,000 in sales at $14.99 per planner, with over 12,000 reviews.
AI Prompt Packs [2:33]
AI prompt packs are valuable due to the increasing importance of AI skills across industries. Instead of becoming an AI expert, people are willing to pay for effective AI prompts. One high-ticket sales prompt for ChatGPT was sold for around $27, generating over $25,000 in sales. These packs can be created with AI, packaged in Notion, and delivered via email automation.
White Labeling a Website Creation Software [3:32]
White labeling involves partnering with a software owner to rebrand and resell their software as your own. Platforms like AutoDS, System.io, and Tenweb allow white labeling of their AI website builders. The speaker partnered with AutoDS to white label their website builder, later offering it for free while earning affiliate commissions from Shopify. This can be sold through cold email, YouTube channels, personal branding, affiliate marketing, or content creator partnerships.
Selling Websites or Website Templates [4:57]
Selling websites or templates is a viable digital product, especially with AI-powered website builders. Websites can now be created quickly and sold for hundreds of dollars. Creating a seller account on Fiverr and offering custom AI-powered Shopify stores for $397 is one example. The demand for websites is high, but many people don't want to build them themselves, and they are unaware of the ease with which they can be set up using AI.
Lead Magnet Templates [6:14]
Lead magnet templates are valuable for creators looking to monetize their audience. With the creator economy growing, selling digital products to creators is a good opportunity. These templates can be created using AI, Canva, or Notion and sold on platforms like Gumroad or Etsy. Lead magnets help creators collect email lists, which are essential for monetization.
Social Media Hacks [7:14]
Social media hacks, which can also be white-labeled, offer time-saving tools for creators. Examples include mass unfollow bots, lead scraping tools, and DM automations. One hack that allows users to add all followers to their close friends list on Instagram generated hundreds of thousands of dollars in sales. These tools can be found by researching Facebook groups and Reddit, then white-labeled and sold to creators.
Online Courses [8:41]
Online courses involve packaging specific knowledge into video modules to solve a problem, sold for a substantial amount of money. Courses in the "how to make money online" industry can command high prices, from $500 to $10,000, because they address financial instability and offer a potential return on investment. A course on starting a ghostwriting agency generated over $300,000 in sales in 60 days through viral posts on Twitter.
Masterminds or Membership Communities [10:13]
Masterminds or membership communities offer video modules and resources, while also providing a status symbol and networking opportunities. These exclusive groups allow members to connect with high-value individuals. One creator, Arlon Moore, has a community called Maxim with over 500 members paying $300-$500 per month. Exclusive mastermind events can be added for additional revenue.
Online Coaching [11:16]
One-to-many online coaching at scale is the top digital product. Coaching others on how to achieve a result you've attained is highly profitable. Group coaching can be highly scalable. It's advantageous not to be the ultimate expert, but rather someone just a few steps ahead, making the advice more relatable and attainable for those starting.