Shopify is becoming bigger and turning into the leading e-commerce platform for merchants as well as consumers. Along with the physical products, it is more accessible to sell your digital products on Shopify now. One of the most important questions that are always asked is why you should sell your digital products on your Shopify store. Let me answer this question in detail.
Digital products come with a few advantages which could benefit merchants who are selling them and there are chances of earning more profit as well. Let’s have a look at some of the reasons why you should sell digital products on your Shopify store.
Reason 1: More opportunities than physical products
Unlike physical products, there are a lot of opportunities when it comes to selling digital products on Shopify. They are getting popular and all platforms that provide the selling of digital products are launching continuously new features. In addition; digital products are cheaper compared to physical ones because you don’t need to invest in inventory or shipping and you don’t need a physical space to store your inventory.
Reason 2: Low barriers to entry
There are low barriers to entry when you start selling digital products online, mainly because there is limited competition. In addition, you don’t need a physical space to store your inventory and don’t have to bear shipping charges which makes it easier and hassle-free to enter this market.
Reason 3: Logistics and product handling are easier
Selling digital products is much easier than physical ones as logistics and product handling are much simpler. User-friendly tools are there to help automate your digital product delivery and you can do this business on autopilot. So no need to worry about how your products will be shipped to your customers, you just have to build your system initially on Shopify and the rest is done by the platform itself.
Reason 4: Opportunity to sell worldwide
Digital products allow you to sell them on Shopify all over the world, unlike traditional ones where you have to face a lot of complexities to ship and keep track of them. With digital products, you just have to sell them in any part of the world without even worrying about how they will be delivered, and once purchased, they can easily download their products online.
Reason 5: The nature of digital products is passive
Digital products should be set up properly on your Shopify store because they are passive and there is hardly any legwork that you have to do compared to physical products. They are set up automatically and there is no shipping cost or system due to their digital nature. Initially, you have to work hard to set up your system but once you are done, you are good to go with its automation system.
Reason 6: Zero manufacturing and shipping costs
The nature of digital products is such that you can use and download them online via Shopify. You don’t have to physically deliver them hence, there are zero manufacturing and shipping costs attached to them. Moreover, there is no need for product quality assurance after creating the product because they will be delivered virtually.
Reason 7: Really good profit margins
Just think about physical products where you have to incur manufacturing costs to produce them and then ship them to your customers. They take half of your profit margin and you are left with almost nothing. To sell digital products, you just have to do initial work like creating a PDF file, music, or e-books, and once done, you are only responsible to sell them online without bearing any other costs. This way you have chances of earning more profit without incurring many costs.
Reason 8: Digital products last forever
Unlike physical products which don’t last long, digital ones remain forever whether it’s your documented research in PDF version, music, or e-books. Physical products related to fashion or other categories can be faded away with time. It can cost you a lot if fashion fades away but digital products last forever and don’t fade easily.
Reason 9: Digital products never go out of stock
With physical products, you need to keep enough inventory at hand which can easily be delivered to customers in mentioned time which means an added cost of managing stock. On the other hand, digital products never go out of stock. If you create digital products like PDFs, e-books, or music albums, you will have as many soft copies of your work as you can without occupying any physical space.
Reason 10: Sell unlimited product types
With digital products, you can add as many product types as you can, for example, if you create music; you can keep as many different versions or types of music as you want. There will be no limitation on the number of songs or genres that you create and sell but with physical products, you might have to face certain limitations.
With all the reasons mentioned above, one can easily decide whether they should sell their digital products on Shopify. You can sell your digital products like PDF files, e-books, music, and art online on Shopify and add as many files as you can. Digital products are always in trend and never go out of style, unlike physical products. So, what are you waiting for?
Download our Uplinkly Digital Downloads on Shopify and benefit from selling unique digital Products, stream audio & video, PDF stamping, combine digital & physical products together, and sell digital or physical variants.