2 Best Platforms to Sell Digital Products For Passive Income
This post may contain affiliate links, which means we may receive a commission, at no extra cost to you, if you make a purchase through a link. Please see our full disclosure for further information.Having passive income is the ultimate goal for many entrepreneurs. It’s the reward you get for your hard work without spending hours working on your business which allows you to focus on more essential aspects of your life while still earning money.
Passive income is money you make while sleeping or doing something else that is generated from a source that requires little to no management on your part. Therefore, you might be able to make passive income with a variety of revenue streams while running a business, travelling or spending time with your family.
But how exactly do you generate passive income? What are some effective ways to earn passive income?
How Do You Earn Passive Income?
There are many ways to generate passive income, but only a few are profitable. One of the easiest way is to sell digital products online such as courses, ebooks, printables, and many more.
Digital products are becoming increasingly popular because they can be delivered instantly to customers worldwide. Also, there are no shipping costs involved, and you don’t need to worry about customer returns or refunds.
5 Profitable Digital Products You Can Start Selling Right Away
If you’re looking for passive income, selling digital products is a great way to make money online.
There’s no doubt that selling digital products can be very profitable. But it can also be challenging because developing your product requires time and energy, getting traffic to your website, and converting those visitors into paying customers.
Let’s say you’re interested in creating a passive income without having to work at it constantly. In that case, selling digital products might be the answer you’ve been looking for!
By selling digital products online, you don’t need any physical inventory or a storefront — everything happens online. This means that once your product is created and launched, you will only collect payments from customers who buy your product.
And suppose you choose the right niche and create an excellent product that solves people’s problems or helps them solve their problems — In that case, you’re on your way to making passive income from digital products!
Here are the 6 best digital products you can sell online to earn passive income:
1. Printables
With printable products, you only need to make a design once and you can sell it forever. Selling printables can bring in as little as $25 per week for some sellers and thousands of dollars per month for others.
The design is created, uploaded, priced, and then promoted. After finding what they’re looking for, readers buy, download, and print the product.
For example, you can create printables for homeschoolers, downloadable planners, journals, stickers, and art prints which are among the most lucrative and popular digital products to sell.
For designing printables, there are so many great tools available! My favorite is Canva which is easy to use and there are many templates, including artwork, planner pages, invitations, and more. If you are looking for fonts or elements, Creative Fabrica is great option.
Curious about selling printables but don’t know where to start?
Discover the secrets of starting a successful Printables business in this free workshop! Ideal for those with limited time, experience, or funds, this side hustle can open new income streams. You will learn from experts who have helped students earn over $500,000 selling printables on Etsy. Don’t miss this opportunity to kickstart your own venture by watching the workshop today!
2. eBooks
A book publication made available in digital form and readable on computers or other electronic devices is known as eBook.
The good thing about selling eBooks is that they require little work, so you can quickly generate money through this method. But you should do your research on how to sell eBooks properly if you want to make money from it. When everything is set up properly, ebooks can provide you with ongoing passive income.
You can write your own eBooks or find a cheap ghostwriter on Fiverr. If you want to hire someone else to write the book for you, make sure they have experience writing in the niche you’re interested. However, your ghostwriter must be familiar with your target audience in order to create content that will interest them!
3. Music
Music is another popular digital product that can be sold through various platforms like iTunes and Spotify! If you have the skillset and know how to create music, this could be an opportunity for you!
Due to the constant demand, music is an excellent way to generate money online. Music is a popular form of entertainment, and people love listening to their favorite songs as they go about their day. You can take advantage of this by creating your own music and selling it online.
4. Online Courses
Online courses can be anything from business-based training programs to lifestyle coaching sessions. If you have knowledge or expertise in a specific field, why not share it with others?
Online courses are an excellent way to earn a passive income because they require very little maintenance once they’re set up. You only need a good platform such as Payhip or Sellfy. Then you can teach whenever it’s convenient for you! You only need to focus on creating an interesting course that people want to buy because these sites will take care of hosting your course files and handling payment processing.
5. Lightroom Presets
Lightroom presets are a set of filters and effects to enhance photos posted on Instagram or any other social media. The use of these presets has become extremely popular mostly on instagram. These presets will allow others to quickly change their images with just one click instead of spending hours trying to find the correct settings on their own.
The first step to create presets is by using Adobe Lightroom in the mobile App Store (free) or on desktop. If you wan to sell your presets, you can upload them to an e-commerce platform of your choice which is a great place to start since many choose to sell their presets straight through their personal websites. You can also use websites like Etsy, Sellfy, or Payhip to market your presets.
6. Photography
Making your photos available for digital download will help you turn your passion for photography into a successful side business.
Today’s digital marketers, web designers, and content creators are constantly looking for high-quality images. You can easily generate money without investing any additional money if you already have a high-end camera and some talent. On average, stock photos cost between $1 and $15. You can achieve better margins if you can generate a significant number of downloads.
You can generate passive income from your photos by selling them online. Here are some tips for using photography to generate passive income:
- Find a niche that interests you
- Make sure your photographs are top quality and are original.
- Have a website where people can buy your photos
- Build up an email list so you can market yourself directly to people who might want to buy your work
2 Best Platforms to Sell Digital Products For Passive Income
In this article, I will show you 2 amazing platforms that will help you create and sell your own digital products:
1. Payhip
2. Sellfy
1. Payhip
What is Payhip?
Payhip is a platform that allows you to sell digital products for passive income. It’s super easy because you don’t need to be technically savvy to start. You can customize your store’s look and feel and integrate PayPal or Stripe for payment processing.
The platform was founded in 2011 and has been growing ever since. It’s designed for anyone who wants to make money from their digital products. Payhip provides a number of tools for creating and promoting your online store.
Who is it for?
For anyone who wants to sell digital products online, Payhip is indeed a perfect fit.
There are 2 ways to sell with Payhip. The first is through your website (if you already have one). The second is to use all of Payhip’s features. You don’t even need to create a website if you don’t have it yet.
Features
Payhip’s main feature is its ability to take payments through PayPal or Stripe. You can also use Payhip’s built-in email campaigns to send out updates about new products or sales.
There are many features that set it apart from other digital platforms:
- The platform is mobile-friendly, so you can manage your business even when you’re traveling.
- You don’t need a website or online store to start selling your product. You only need to create a Payhip account and upload your files in a few minutes.
- You can promote your product using social media sites and email marketing campaigns.
- Payhip allows you to collect payment from customers in many ways, including PayPal, and Stripe.
- You can sell digital and physical products, subscription, coaching, or even online courses
- Payhip enables you to create a beautiful website in minutes.
- Payhip provides automatic VAT processing.
- You can easily connect the embed Payhip button with your existing website if you already have one.
Product and Pricing
Payhip offers 3 available options for payment. First is Free Forever which costs 0/monthly + 5% transaction fee. Second is Plus, which costs $29/month + 2% transaction fee, and third is Pro which costs $99/month with no transaction fee.
Below is a list of all the inclusions for each payment plan. I love the free forever plan because it allows you to start selling without stressing out with the monthly fee while having all the same features you get from Plus and Pro Plans. But keep in mind, the transaction fee in +5% for using the free plan and can be lower with the other 2 plans.
How do I Get Paid
For every transaction, Payhip takes a commission depending of your plan and will automatically transfer the payment to your Paypal or Stripe account. Beside the Payhip fees, PayPal and Stripe’s fees are about 2.9% + $0.30 per transaction but vary for international transactions.
If you’re unsure which account to check, you can go to the Customers page in your dashboard and see PayPal vs. Stripe badge.
2. Sellfy
What is Sellfy?
Sellfy is an e-commerce platform that’s great for anyone who wants to sell their digital and physical products built on simplicity and easy to use. You can start selling in minutes without learning any code or complicated systems.
Creators who join Sellfy will have access to a wide range of high-quality print-on-demand (POD) products including clothing, hats, bags, home decor, and phone cases.
For those who are concerned about the environment, Sellfy has a tonne of eco-friendly and sustainable merch products. Additionally, all of their print-on-demand products adhere to CPSIA regulations. Since the inks used in the printing are water-based, they can safely be used to print on children’s clothing while producing less waste.
Who is it for?
Sellfy is a platform that helps you sell your digital and print on demand products. It’s for anyone who wants to sell original content, such as eBooks, music, or clothing.
With Sellfy, people can share their great ideas without knowing how to do so. It’s a great platform for artists who want to share their art with the world but don’t have the time or know-how to build an eCommerce site from scratch. Sellfy lets you focus on what matters: creating great content and sharing it with others!
Features
Among Sellfy’s features are:
- You can build your own storefront without any coding experience required.
- You can set up your own payment methods, so PayPal isn’t your only option.
- Your products are automatically optimized for search engines, so people can find them when they search for them online!
- You can sell ebooks, videos, audio & music, or other files like PSD, AI, and many more.
- Sell physical products & tangible items from your Sellfy storefront.
- Make your videos available on demand to reduce piracy risks and eliminate download problems.
- Sell digital subscription products weekly, monthly, or yearly.
- On top of all the fantastic features, Sellfy has a Print Demand. With this feature, you can sell t-shirts, hoodies, mugs & hats using their built-in print on demand. Additionally, they will automatically print incoming orders and mail them to your customers. You don’t need to manage any stock inventory.
Product and pricing
Each of their plans includes a 14-day free trial so you can check out all the features Sellfy has to offer. During or after the trial, you can upgrade your account whenever you want. But if you want to keep using Sellfy after your trial term has ended, you must upgrade your subscription.
Sellfy currently has 3 plans available. These plans require a monthly fee. You can purchase a longer time period, such as a 1-year or 2-year plan, or you can just use each plan on a monthly basis. You can decrease your subscription costs if you purchase a year or two in advance!
How do I Get Paid?
You will receive money instantly when a customer purchases your products. Payments will be sent directly to your PayPal or Stripe account, depending on your payment gateway. Keep in mind that Sellfy doesn’t take any fees from your digital products, only Paypal and Stripe do have fees.
Want to make money while you travel? The ability to earn passive income while travelling is one of the biggest benefits. You can run your business from anywhere and still make a living. There’s no inventory to maintain. There’s very little (or none) overhead. It really is the simplest form of income anyone can generate.
Also, life is better when you are a digital nomad. You can travel the world while working from anywhere in the world. The 2 amazing platforms I just mentionned are available from anywhere in the world, and they can help you run your online business.
I hope this has been helpful to you and if you need help getting started with passive income, you can download this free eBook “How to Monetize Your Audience by Selling Digital Products” from Sellfy
Rosie
Very informative. First time to hear of these platforms and they seem great. Will check them out. Thank you for sharing.
Linhy
Hello Rosie
Thank you so much for reading! Yes these platforms are worth checking out!
Diana at Roam & Capture
I’ve been looking into these types of platforms lately, I’m saving this for later. Thanks!
Linhy Banh
Thank you for reading! I’m glad you found this post helpful! ?
Elaine
Thank you for all the information you have give. Here in one place. It will be so useful. I a, kind of all over the place with my sales and will be referring back to this many times,
Linhy Banh
You’re welcome! Thank you so much for reading!
Julia
Useful post. I’m interested in selling digital products sometime in the future, so for now I’m gathering information.
Linhy Banh
Thank you for reading! Sure come back anytime!