What is a digital product?
A digital product is defined as any intangible product in the form of a digital file or service. Digital products include e-books, movies, access to subscription platforms, applications, virtual currencies, digital media, and many others. Modern technologies make it possible to create any solution that will translate user interest into a new source of revenue. The only limitation that exists when designing a digital product is your imagination.
What are the advantages of digital products?
Unlike physical products, their digital alternatives can be modified at any time, and you can send the update to buyers or sell it as a separate product. Production costs are much lower, as you don't have to pay for raw materials and manufacturing, as well as their packaging, transportation, and the space where you will sell them. The sales can be done almost entirely automatically, and the lower costs will maximize your profits.