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And because I started out on a low income, the only thing that I could do was increase my income. | yvonne | Not supported with pagination yet | |
And so, in this video, I'm going to be sharing with you one of the ways that I actually increase my income. | yvonne | Not supported with pagination yet | |
And this is based on my lived experience. | yvonne | Not supported with pagination yet | |
I'm going to be sharing with you five realistic and profitable digital products that I figured out through a process of trial and error over the past seven years. | yvonne | Not supported with pagination yet | |
And unlike other videos that you've listened to on digital products, this is not an Etsy video because I'm actually going to share with you a free, effective alternative where you can house all your digital products and services in one place and sell and market your offerings. | yvonne | Not supported with pagination yet | |
My name is Yvonne, and on this channel, we talk about all things personal finance. | yvonne | Not supported with pagination yet | |
And if you're part of the free squad, please hit the like button. Let's get started. | yvonne | Not supported with pagination yet | |
So, in my experience, the first realistic and profitable digital product is online courses. | yvonne | Not supported with pagination yet | |
This industry is expected to reach over $185 billion in revenue in 2024. | yvonne | Not supported with pagination yet | |
And it's also expected to continue growing at 9% per year. | yvonne | Not supported with pagination yet | |
And so, if you're asking yourself, what could I possibly make an online course about? | yvonne | Not supported with pagination yet | |
The truth is, you actually have so much to offer, whether it's something that you learned in school that you really understood, | yvonne | Not supported with pagination yet | |
or something that you've just learned by being street smart, or if you're actually in a nine-to-five and you're a professional, something that you've learned in your work experience. | yvonne | Not supported with pagination yet | |
So, for instance, if you so happen to be really good with budgeting, with gardening, sewing clothes, or even baking, event planning, any little thing that you're actually good at can become an online course. | yvonne | Not supported with pagination yet | |
There are two types of courses: a video-based course or a text-based course. | yvonne | Not supported with pagination yet | |
So, if you're one of those people who's actually shy to show themselves on camera, you can create a text-based course, which is what I've actually done. | yvonne | Not supported with pagination yet | |
So, I have two courses: one on property investing for beginners and another for capital raising for small businesses. | yvonne | Not supported with pagination yet | |
And those are all text-based courses, even though I could have done a video-based course. | yvonne | Not supported with pagination yet | |
So, there's really nothing stopping you. | yvonne | Not supported with pagination yet | |
Comment hustle in the comment section below, and I'll share with you a high-level guide of how I structure my courses. | yvonne | Not supported with pagination yet | |
Online courses have a high perceived value, especially for people who are trying to upskill themselves and actually improve their lives. | yvonne | Not supported with pagination yet | |
The earning potential for online courses really varies. | yvonne | Not supported with pagination yet | |
For some people, they'll charge $20, but for others, they'll charge $100. | yvonne | Not supported with pagination yet | |
And for some really specialized courses, you can charge between $600 to $1,000. | yvonne | Not supported with pagination yet | |
Let me know if you've actually tried to create an online course in the comment section below. | yvonne | Not supported with pagination yet | |
And in terms of how to start, that is how to create one, how to start selling, and how to market your online course. | yvonne | Not supported with pagination yet | |
You can use a platform that I recently discovered called WAP, which is a free platform which gives you access to more than 6.5 million visitors every single month. | yvonne | Not supported with pagination yet | |
And a platform that you can use not only to house your digital products and your digital services, | yvonne | Not supported with pagination yet | |
but one where you can create a really strong community around your chosen niche and actually monetize those communities with paid memberships or other ways of monetizing like cross-selling. | yvonne | Not supported with pagination yet | |
And just to give you an example, this is my WAP, and I created it for free. | yvonne | Not supported with pagination yet | |
I have all my free resources in terms of tools. | yvonne | Not supported with pagination yet | |
I've actually shared a few of them on this channel, but I have about 10 free digital products. | yvonne | Not supported with pagination yet | |
I also have a chat service where you can get access to me at any time in the day or ask a question to the community members who are also paid subscribers to my WAP. | yvonne | Not supported with pagination yet | |
So to get access to my WAP, particularly access to my online courses, keep watching. | yvonne | Not supported with pagination yet | |
And the best thing about WAP is that it has an in-built course creator that is very intuitive, easy to use. | yvonne | Not supported with pagination yet | |
And if you're dedicated and have put some thought to it, you could have your first course on the platform selling on day one. | yvonne | Not supported with pagination yet | |
So instead of having a fragmented system where your digital products are housed in multiple places, your services are probably being offered on your website, | yvonne | Not supported with pagination yet | |
and maybe your community is being managed on WhatsApp or you have a Patreon, you can actually manage all of your creative and educational products and services in one place for free. | yvonne | Not supported with pagination yet | |
If you'd like to try WAP, I've put a link in the description below. | yvonne | Not supported with pagination yet | |
And if you actually use my link, you'll be automatically entered into the 3K in 30 days challenge, where if you create your WAP, create any of these digital products and actually house them and start selling them on WAP. | yvonne | Not supported with pagination yet | |
If you make $3,000 in the first 30 days of you launching your WAP, you'll get a guaranteed fully paid trip to New York City to meet the WAP HQ team. | yvonne | Not supported with pagination yet | |
So it'll be flights, two nights in a beautiful hotel, but also an opportunity to showcase your small business on Times Square in New York City. | yvonne | Not supported with pagination yet | |
And this is no cap. When you actually register, you'll see exactly what I mean. | yvonne | Not supported with pagination yet | |
There'll be a timer right at the bottom telling you how much time you actually have to go before your 30 days are up. | yvonne | Not supported with pagination yet | |
So if this is a challenge that you actually want to take with you and your friends, try it out, set up your WAP, design your first online courses, start selling and challenge yourself to hit the 3K mark in 30 days. | yvonne | Not supported with pagination yet | |
The second realistic and profitable digital product that I'll start now, but also start in 2025, is the classic digital templates. | yvonne | Not supported with pagination yet | |
And this could be spreadsheets, planners, cleaning sheets, checklists, whatever template you would like to create. | yvonne | Not supported with pagination yet | |
Because digital templates, no matter how saturated the market is, are always in demand. | yvonne | Not supported with pagination yet | |
People are always looking for something different, a different design, an easier way to plan their lives, an easier way to plan their time, an easier way to budget for their homes or budget for a trip. | yvonne | Not supported with pagination yet | |
And so creating a digital template can be really profitable. | yvonne | Not supported with pagination yet | |
I speak from experience creating digital templates on Canva. | yvonne | Not supported with pagination yet | |
I just use Canva because it's easy for me to use and it's already part of my business stack, but you can use any platform. | yvonne | Not supported with pagination yet | |
And I also use Excel, whether it's a property investing tool or even a budgeting and savings tracker, a debt tracker, investment tool. | yvonne | Not supported with pagination yet | |
If you're one of those people who has actually received one of those templates for free, then please hit the like button and let me know how you found it. | yvonne | Not supported with pagination yet | |
I found with high quality templates, you can charge between $10 and $30. | yvonne | Not supported with pagination yet | |
And if you're going to be a part of WAPS $3,000 in 30 days, then you'd only need to sell 100 copies on the top end to make your first $3,000 within 30 days. | yvonne | Not supported with pagination yet | |
If that sounds good, please hit the like button. | yvonne | Not supported with pagination yet | |
The other issues that you might have experienced on popular platforms, like your shop being shut down or suspended for no reason, will not happen on this platform. | yvonne | Not supported with pagination yet | |
And in addition to giving you access to a ready market that's looking to purchase the products that you're selling, WAP takes much less than 5% of every sale that you actually make on the platform, which I think is a fair deal. | yvonne | Not supported with pagination yet | |
And for people who are starting out, you actually don't want the overhang of having a monthly subscription, especially if you're a student, you're unemployed, or if you're actually trying to stretch your nine-to-five budget. | yvonne | Not supported with pagination yet | |
I've already shared how I uploaded all my digital templates on my private WAP. | yvonne | Not supported with pagination yet | |
And so if you'd like to know how to get access to it, please keep watching. | yvonne | Not supported with pagination yet | |
The third realistic and profitable digital product that anyone can sell and that you can create with minimal effort is low content books. | yvonne | Not supported with pagination yet | |
I've done a dedicated video on how to create low content or medium content books. | yvonne | Not supported with pagination yet | |
And so if you haven't watched that video, then you might want to go and watch that next to help you create your first ebook. | yvonne | Not supported with pagination yet | |
I have over 150 low content and medium content books across multiple platforms. | yvonne | Not supported with pagination yet | |
But on my WAP, I've created a collection of five of the best sellers that you can get full access to. | yvonne | Not supported with pagination yet | |
And so if you're thinking, what book could I possibly make? | yvonne | Not supported with pagination yet | |
There's so many AI platforms that you can use to design your first ebook. | yvonne | Not supported with pagination yet | |
First, I would go and chat GPT just to get some ideas. | yvonne | Not supported with pagination yet | |
Then I'll go in and actually refine my ebook, putting in some examples, some worksheets, or whatever it is that you want to put in your workbook. | yvonne | Not supported with pagination yet | |
So for instance, if it's a personal finance ebook, it could be budgeting for beginners. | yvonne | Not supported with pagination yet | |
If it's an event planning detailed guide or a decor or graphic design guide, then you can design your book. | yvonne | Not supported with pagination yet | |
Your cover has to always be nice. | yvonne | Not supported with pagination yet | |
And then copy in the text that you actually come up with when you humanize and make the AI generated content your own. | yvonne | Not supported with pagination yet | |
And as a person who's been trying out WAP, what I've actually seen is that selling your ebooks is actually easy. | yvonne | Not supported with pagination yet | |
And the platform provides a lot of flexibility and automated sales, literally one click. | yvonne | Not supported with pagination yet | |
And in terms of earnings potential, you can sell a really good book for between $12 and $20. | yvonne | Not supported with pagination yet | |
And based on my experience on a monthly basis, you can expect to make between $1,000 and $1,500 per month. | yvonne | Not supported with pagination yet | |
And the fourth way to make money online using profitable digital products, and this can be done by anyone, is creating a subscription-based community. | yvonne | Not supported with pagination yet | |
And this ties in nicely with how I've set up my private WAP in that to get access to all my free resources, my courses, to even get real-time access to me with your questions, any question, whether you need help thinking about a car purchase, a housing purchase, insurance. | yvonne | Not supported with pagination yet | |
Any personal finance topic or business topic, I'm always there on the chat. | yvonne | Not supported with pagination yet | |
And if I'm not there immediately, I'll always respond to you. | yvonne | Not supported with pagination yet | |
But you also get the benefit of communicating with other community members that can actually help you sort out your problem. | yvonne | Not supported with pagination yet | |
And so, what I've really liked about WAP is that it has exceptional subscription-based community services, and all of these tools are so easy to use. | yvonne | Not supported with pagination yet | |
The platform helps you support and build your community while also monetizing those communities. | yvonne | Not supported with pagination yet | |
And so, for instance, if you have 100 members and each of them are paying between 10 and 15 dollars, on the top end, you'll be making 1500 US dollars every single month. | yvonne | Not supported with pagination yet | |
And so, whether you're starting a fitness community, a gardening community, personal finance community like myself, WAP allows you to house all of your digital products and services. | yvonne | Not supported with pagination yet | |
And then, the last realistic, profitable digital product is actually a service and that's offering one-on-one consultation services. | yvonne | Not supported with pagination yet | |
So, whether that's coaching someone with their personal finances, with their small business or side business ideas, how to start property investing in high-density area, motherhood and fatherhood support, whatever it is, there'll always be a market. | yvonne | Not supported with pagination yet | |
On the WAP platform, you see that there are multiple categories. | yvonne | Not supported with pagination yet | |
I fall under personal finance, but you could fall under anywhere: gaming, fashion, fitness, legal services, or whatever it is that you actually know. | yvonne | Not supported with pagination yet | |
And it doesn't matter whether you're a student, whether you don't have any work experience and you've never been employed, or you actually have never been to college. | yvonne | Not supported with pagination yet | |
If you know something, then you can share it. | yvonne | Not supported with pagination yet | |
If you've actually worked in corporate, then you've actually learned a thing or two, and people will benefit from your WAP. | yvonne | Not supported with pagination yet | |
So, another strategy that you could use to test this out is actually make your WAP free access, and then you then upsell for other premium content. | yvonne | Not supported with pagination yet | |
If that sounds good, please hit the like button. | yvonne | Not supported with pagination yet | |
And if you have any thoughts, please let me know in the comment section below. | yvonne | Not supported with pagination yet | |
And even if you just click the link in the description box below and you create your first WAP account, which I'm happy to give you some advice on, just leave a comment in the comment section and I'll give you some pointers. | yvonne | Not supported with pagination yet | |
And if it actually needs more time, we can actually have a session. | yvonne | Not supported with pagination yet |
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