Vicky’s Nomad Newsletter #5
If you haven’t thought about selling digital products of your own, you are missing out something big.
One of the significant advantages of being a freelancer is the ability to work remotely, which often means extra time on our hands. How can we leverage this extra time into a source of passive income? By creating and selling digital assets!
Why Every Freelancer Should Consider Building Digital Assets?
I remember the days when I used to commute for hours to get to work, wasting precious hours that I could have invested in something productive. However, freelancing and being able to work remotely gave me the freedom to reclaim that time.
I saw an opportunity to create digital assets that would compound in value, much like saving money in an account that accrues interest over time.
Dive into 5 digital products to boost your earnings!
You might wonder, “What exactly are digital digital assets?”
Simply put, they are digital products or services that you create once but can sell unlimited times, generating passive income.
Below, I’ve listed the top five digital assets that every freelancer can consider creating, irrespective of their expertise or domain.
Digital Products #1: Ebooks
Ebooks are versatile and easy to produce. Contrary to popular belief, you don’t need to pen down a novel-length book. Ebooks can be as simple as a collection of photographs from your travels with meaningful quotes, a workbook, or even a recipe collection.
I know a friend who wrote a book on machine learning just before the trend blew up (while he still has a full-time job!). He now earns more than $3,000 each month from his Amazon royalties alone!
Types of ebooks you can sell online:
- Workbooks
- Recipe book
- Travel guides and itineraries
- Travelogues and personal travel experiences
- Photo Book
- Language learning books
- Coloring books for adults
- ….
Digital Products #2: Online Courses
If you have a skill, someone out there might want to learn it. Online courses are a fantastic way to package your expertise into a structured format.
Platforms like Udemy, Coursera, and Skillshare make it easy to host and sell your courses. The structured format, clear instructions, and additional resources make courses more valuable than standard YouTube videos.
Digital Products #3: Templates
Almost every profession can produce a template. Web designers can sell website or landing page templates; HR professionals can design resume templates; copywriters can provide sales copy, email, or newsletter templates. The possibilities are vast!
Search in google:”resume template for XX ” or “sales copy template for XX”, and you’ll see website selling template or an article about how-to with digital products for sale. Take that as an example and build your own!
Digital Products #4: Photos
With the rise of high-quality smartphone cameras, anyone can be a photographer. Websites like Shutterstock let you contribute and sell your photos. Research and identify the best-selling photos and get inspired.
And yes! You can sell and license the same photo on all the different websites. As long as you own the photos.
Check out this article on my website for more info: 15 Websites for Photographers to Sell Photos Online
Digital Products #5: Audios
From songs and beats to voiceovers and ambient sounds, audio is a rapidly growing digital asset category. Platforms like TuneCore and DistroKids make it easy to publish your audios. Whether you’re capturing the calming sound of rain or creating an EDM track, there’s a market for it.
I’ve produced and published two EDM songs myself, and still got people listening to it! It just brings me joy!
Wrapping Up
Being a freelancer or digital nomad is not just about doing client work. It’s about recognizing opportunities and maximizing your potential. Investing time in building digital assets can pave the way for a stable passive income, granting you financial freedom and stability.
I’ve also uploaded a video about today’s topic, feel free to check it out!
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