Selling digital products can be a game-changer for consultants. It allows you to scale your services beyond one-on-one consulting, leverage your expertise in a more passive manner, and reach a global audience. However, simply creating a digital product isn't enough. To succeed in selling digital products, you need a strategy that incorporates clear value, effective marketing, and seamless delivery.
In this actionable guide, we'll explore step-by-step how consultants can sell digital products successfully. Whether you're creating online courses, eBooks, templates, or membership sites, these strategies will help you build a solid foundation for a profitable digital product business.
Identify the Right Digital Product for Your Expertise
Before you start selling, you need to determine what type of digital product makes the most sense for your expertise. The right product will serve the needs of your target audience, be aligned with your consulting niche, and provide real value to your customers.
Types of Digital Products for Consultants:
- Online Courses and Workshops: If you have a wealth of knowledge in a particular subject, turning that knowledge into an online course can be an excellent option. Courses can be pre-recorded or delivered live, and they allow for a deeper, structured learning experience.
- Ebooks: Writing an eBook is a great way to condense your expertise into a digestible format. Ebooks can focus on specific topics within your consulting niche, offering actionable insights and guidance.
- Templates and Tools: If your consulting involves a lot of processes, frameworks, or strategies, offering templates or downloadable resources (like spreadsheets, checklists, or toolkits) can be highly valuable to your audience.
- Membership Sites: Membership sites offer ongoing value, where customers pay a subscription fee to access exclusive content, community support, and regular updates. This works well for consultants who can consistently produce new insights, case studies, or exclusive resources.
- Workbooks and Printables: These are highly interactive products that help your clients implement what they've learned. They often accompany other digital products (like courses or books) and offer a more hands-on approach to achieving results.
Actionable Step:
Think about the services you offer and how you can distill that knowledge into a digital product. What problem does your consulting solve, and how can that be packaged in a format that's easy for customers to consume and apply? Choose one product type to start with before branching out into others.
Validate Your Idea
You might have a fantastic digital product idea, but how do you know it will actually sell? Validating your idea before spending time and resources developing it is crucial for ensuring success.
Methods for Validating Your Digital Product:
- Conduct Market Research: Research what products are already available in your niche. Look at the competitors---are there gaps in their offerings? What can you do better or differently? Check reviews, customer feedback, and online communities to understand what your audience needs and desires.
- Create a Minimum Viable Product (MVP): An MVP is a simple, stripped-down version of your digital product. You could create a basic online course module, an eBook outline, or a template with just a few resources to see if your audience is willing to pay for it. If it resonates, then you can expand the product.
- Offer Pre-Sales or Crowdfunding: Another effective way to validate your product is by offering it for pre-sale at a discounted rate or even running a crowdfunding campaign. This approach not only validates the demand but also generates initial revenue to fund development.
- Poll Your Audience: If you already have a following on social media or an email list, use surveys or polls to directly ask your audience about their needs. You can offer a choice of potential digital products and gauge interest based on the responses.
Actionable Step:
Before diving deep into development, create a simple landing page that explains your product idea and offers a way for people to express interest (sign up for updates, pre-order, etc.). This provides early validation and sets the stage for marketing.
Focus on Delivering Value, Not Just a Product
The most successful digital products aren't just well-designed or packed with features; they solve a specific problem in a way that's meaningful to your audience. As a consultant, your expertise is your core value proposition, and your digital products should reflect that.
How to Deliver Value:
- Clearly Define the Problem and Solution: Your product should address a common pain point within your target market. Make sure your messaging is crystal clear about how your product will help them solve this problem.
- Provide Actionable Insights: Your digital product should be more than just theory. It should include practical tools, strategies, and methods that your audience can use to immediately improve their situation or achieve their goals.
- Create a Transformational Experience: The goal of your product is to create an outcome for your customers. Whether it's learning new skills, achieving personal growth, or solving a business challenge, design your product around tangible results.
- Ensure Quality and Usability: Even in a digital environment, quality matters. Your product should be user-friendly, professional, and aesthetically pleasing. Poorly designed products or those that are difficult to navigate can diminish your reputation.
Actionable Step:
Consider the primary result your customers will get from your digital product. Break it down into smaller, actionable steps that are easy to follow and implement. Each module, chapter, or section should drive them closer to this result.
Build a Strong Marketing Strategy
Once you have your product ready, it's time to market it. Selling digital products requires a combination of inbound marketing, content creation, and customer engagement. Your goal is to build awareness, educate your audience, and guide them towards making a purchase.
Effective Marketing Strategies:
- Leverage Content Marketing: Create blog posts, videos, and podcasts around the problems your digital product solves. Share free tips, case studies, or behind-the-scenes content that positions you as an expert in your niche.
- Build an Email List: Email is one of the most powerful tools for selling digital products. Create a lead magnet (such as a free eBook, checklist, or guide) to capture email addresses. Once you have an email list, you can nurture relationships through valuable content and product promotions.
- Utilize Social Media: Social platforms like Instagram, LinkedIn, Twitter, and Facebook are great for promoting your products and building a community. Share testimonials, user-generated content, and sneak peeks of your digital products to generate excitement.
- Host Webinars or Live Q&A: Hosting free, value-driven webinars allows you to showcase your expertise and build rapport with your audience. At the end of the webinar, you can pitch your digital product as the solution to the problems discussed.
- Run Targeted Ads: Paid ads on social media platforms and Google can help you quickly scale your marketing efforts. Ensure your ads are highly targeted to reach your ideal audience.
Actionable Step:
Create a 3-month marketing calendar that includes content creation (blog posts, videos, etc.), email sequences, social media campaigns, and promotional offers. This ensures consistent visibility and engagement with your audience.
Create a Seamless Sales Funnel
A sales funnel is the process that leads potential customers from discovering your product to making a purchase. A well-designed funnel builds trust, educates, and nurtures leads into loyal customers.
Key Elements of a Sales Funnel:
- Lead Generation: This is the top of the funnel where you capture attention. Use free resources (like webinars or downloadable guides) to encourage visitors to provide their contact information.
- Nurturing: Once you've captured leads, send them valuable content through email or social media. This content should build trust, educate, and subtly promote your digital product as the solution.
- Conversion: At this stage, your goal is to convert leads into paying customers. Offer a compelling call-to-action (CTA), such as a limited-time discount, a special bonus, or a product bundle to encourage people to buy.
- Post-Purchase: After the sale, keep customers engaged with follow-up emails, offers for related products, or requests for feedback and testimonials. A positive post-purchase experience can lead to repeat sales and referrals.
Actionable Step:
Map out your sales funnel from start to finish, including lead capture, nurturing content, and conversion strategies. Use tools like email marketing software (MailChimp, ConvertKit, etc.) and landing page builders (Leadpages, Unbounce) to automate and optimize the funnel.
Optimize for Passive Income
The beauty of selling digital products is the potential for passive income. Once created, digital products can be sold repeatedly without much ongoing effort. However, to truly benefit from this, you need to optimize your processes for automation and scalability.
How to Optimize for Passive Income:
- Automate Sales and Delivery: Use tools like Teachable, Thinkific, or Gumroad to automate the sales process, deliver digital products instantly, and manage payments securely.
- Offer Upsells and Cross-Sells: Increase your revenue by offering related products or premium versions of your current products. For example, after selling a basic course, you could offer a coaching package or an advanced course.
- Reinvest in Ads: Use the profits from your digital product sales to reinvest in ads or additional marketing efforts. This will help you scale your product sales without investing more time.
- Build a Referral Program: Encourage your customers to refer others by offering them incentives such as discounts, free resources, or exclusive content.
Actionable Step:
Set up an automated sales and delivery system using your preferred platform. Implement upsell strategies and consider reinvesting a portion of your sales into paid ads or partnerships to increase reach.
Continuously Improve Your Products
Digital product sales are not a one-time deal. Your first product may be a success, but there's always room for improvement and expansion. Keep refining and expanding your offerings to keep customers coming back.
Continuous Improvement Strategies:
- Request Feedback: Regularly ask your customers for feedback to understand what they liked, what they struggled with, and what they would like to see in future products.
- Update Content: Ensure your digital products remain relevant by updating content regularly. This can include adding new modules, refreshing old material, or incorporating new trends.
- Expand Your Product Line: Once you've established a successful digital product, consider creating complementary products to upsell or offer to existing customers.
Actionable Step:
Set a schedule to collect feedback from your customers, either through surveys or by looking at customer reviews. Use this feedback to refine your products and develop new ones.
Conclusion
Selling digital products as a consultant allows you to scale your expertise and create a stream of passive income. By identifying the right product, validating your ideas, delivering value, and implementing smart marketing and sales strategies, you can successfully sell digital products and build a sustainable business.
Remember, success won't happen overnight. However, by consistently refining your strategy, staying customer-focused, and adapting to new trends, you can build a thriving digital product business that complements your consulting services.