Top platform for selling digital products | Make money online selling digital products | Digital Social Media Marketing Sri Lanka

itclass Faaz

Jan 113 min read

Timestamp: 0:00 - 0:20
- The video introduces the topic: platforms for selling digital products.
- Emphasizes the growing popularity of selling digital products due to low investment requirements (just a phone or laptop and tools like Canva or KDP).
- The main strategy: "Create once, sell multiple times."
- Platforms discussed include PosterMyWall, Zazzle, Fourth Wall, Gumroad, Payhip, and Etsy.

Timestamp: 0:20 - 0:49
- Examples include:
  - T-shirt designs.
  - Ebooks.
  - Templates (e.g., Facebook/Instagram ads, banners).
  - Greeting cards.
- Clarifies a common misconception: Selling digital products is usually a side hustle, not a full-time income source.
- Advice: Focus on discovering your niche after making a sale to improve profitability.

Timestamp: 1:18 - 2:02
- Key Features:
  - Free to use but charges 8.5% + $0.30 per sale.
  - No minimum payout threshold.
  - Payouts are processed weekly via PayPal or bank account.
- Best For:
  - Selling ebooks, templates, and art files.
- Advice:
  - Adjust your pricing to cover transaction fees and maintain profitability.

Timestamp: 2:04 - 3:12
- Key Features:
  - Free to join with no transaction fees.
  - You can set a royalty fee (5%-99%).
  - Minimum payout threshold: $50 (for checks) or $2.50 (for PayPal).
  - Payments are made on the 15th of each month.
- Geographical Requirements:
  - Non-US residents must fill out a W-8BEN form to avoid tax deductions.
- Best For:
  - Customizable products targeting a global audience.

Timestamp: 3:15 - 3:51
- Key Features:
  - Free to use with a $50 payout threshold.
  - Payments are made via PayPal in the first week of every month.
- Best For:
  - Creators who value trend insights (PosterMyWall provides updates on customer preferences).
- Limitation:
  - PayPal must be available in your country.

Timestamp: 3:54 - 4:21
- Key Features:
  - Free to use with instant payouts via PayPal.
  - Transaction fee:
    - 5% for free plans.
    - Lower fees for paid plans.
- Best For:
  - Beginners looking for an easy-to-use platform without upfront costs.

Timestamp: 4:25 - 5:09
- Key Features:
  - Not entirely free: $0.20 listing fee per product.
  - Charges a 6.5% transaction fee and a payment processing fee (~3% + $0.25 per sale).
  - Payouts are made via direct deposit within 3-5 business days (no PayPal).
- Best For:
  - Unique or creative products like digital files or t-shirt designs.

Timestamp: 5:13 - 5:58
- Key Features:
  - Free to start with a 3% fee on sales.
  - Payment processing fee: 2.9% + $0.30 per transaction (US-based cards).
  - No minimum payout threshold; payouts processed via Stripe.
- Best For:
  - Creators wanting a customizable store for digital/physical products.
- Limitation:
  - Not a marketplace; traffic must come from your own social media or marketing efforts.
- Extra Option:
  - Ideal for print-on-demand businesses.

Timestamp: 6:01 - 6:08
- Encourages viewers to:
  - Subscribe to the channel for more side hustle ideas.
  - Like the video if they found it helpful.

Platforms like Gumroad, Zazzle, PosterMyWall, Payhip, Etsy, and Fourth Wall offer various pros and cons for selling digital products.
- Consider transaction fees, payout thresholds, and geographic restrictions when choosing.
Selling digital products is an excellent side hustle but unlikely to replace a full-time job.
Focus on discovering your niche and building an audience for long-term success.
Some platforms require bringing your own traffic, so invest in marketing your store.

Would you like to explore any specific platform or digital product strategy in detail?