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Build and Sell a Digital Product in a Weekend

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    So in the last year,
    I have made over $100,000
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    selling digital products.
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    I probably made closer to $3 million now
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    from selling digital products over the years.
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    My digital products consist
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    of things like wallpapers, presets,
    website templates,
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    and Notion templates.
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    Basically, anything I'm personally interested in.
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    This is as close
    to passive income I could find
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    without actually having to have
    a boatload of cash
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    already on hand.
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    Even though the video title
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    might be along the lines
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    of "In a weekend,"
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    I don't see why many people couldn't do this
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    in a day or even in a few hours.
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    By the way, I've put together a list
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    of profitable digital product ideas,
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    I'll leave a link to it
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    down in the description below.
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    So the first thing is, of course,
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    figuring out what digital product
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    you want to sell.
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    This is where you need to lean into
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    what you're good at.
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    So maybe you have a specific skill set
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    that you can sell in some way.
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    Maybe you're an artist,
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    you could sell some wallpapers
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    or digital art.
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    You could even sell posters.
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    Or maybe you're someone
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    who's great at playing the piano,
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    you could make a video course
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    teaching other people
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    how to play the piano.
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    I think a lot of people think
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    that digital products are limited
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    to only things like wallpapers
    and Notion templates,
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    when in reality,
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    you can make digital products
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    for just about anything.
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    Tropic Colour is a great example
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    of a business selling
    digital products for video editors.
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    They sell a huge range of products
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    ranging from video LUTs,
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    to video transitions
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    and just a bunch of other stuff
    for video editors.
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    Putting it up for sale.
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    Once you have your digital product ready,
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    it's time to put it up for sale.
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    There are few platforms out there
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    that make it easy to sell digital products.
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    I think Gumroad is the easiest
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    as they set up a website for you,
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    handle the payments, handle the taxes,
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    pretty much everything else.
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    And they even have like
    email marketing and stuff,
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    which I think is super powerful.
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    I think that's actually one
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    of the most powerful things about Gumroad.
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    How everything is just there, ready to go.
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    Gumroad is what I'd recommend
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    if you're just starting out.
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    If you're someone who's expected
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    to make $1,000 or more a month,
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    then I would instead
    recommend something like Sellfly
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    or Payhip.
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    They're a bit more work to set up.
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    Quite a bit more work actually.
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    But they don't take 10%
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    of all of your sales like Gumroad does.
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    When putting up a product for sale,
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    put together some marketing imagery
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    like the thumbnail and any images
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    that show what the customer is getting.
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    So for example, with my presets,
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    you see some example imagery
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    showing the before and after,
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    just to show the customer
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    this is what they're gonna expect,
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    this is the product they're gonna get.
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    It really helps sell the product.
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    You've really got to be able to show
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    what is the benefit of this person
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    having this product.
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    And that's literally it.
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    It's very simple.
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    And I think unfortunately,
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    a lot of people overcomplicate it.
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    They think it takes days, weeks or months
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    to sort of set up a store,
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    make digital products, sell them, whatever.
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    But the thing that's probably
    gonna take you the longest
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    is making the product itself,
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    because, of course,
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    you have to figure out
    what skill you have,
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    what unique trait you have,
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    what's something
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    that you can sell to other people.
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    Putting it up for sale
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    should only really take you a few hours.
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    I think, with all of these services
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    that are now available
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    when it comes to setting up
    your shops and stuff,
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    selling digital products and things,
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    they've just made the whole process
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    so much easier.
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    Marketing.
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    So now comes the time for marketing.
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    There's two ways to market a product.
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    Organic marketing through social
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    and Google is definitely
    one of the cheapest
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    and one of the easiest ways.
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    Or paid marketing,
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    if you don't want to spend the time
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    building the socials and you have money
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    to spend on paid ads.
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    Organic marketing through social and stuff
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    is definitely what I recommend
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    at the beginning
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    because I think it's a good way
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    to figure out
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    if your product is something
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    that just a normal person would want to buy
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    without using any paid marketing.
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    A lot of people think that
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    they can force their product
    on to a customer
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    and force their product into a market
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    by using paid ads.
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    When I actually don't think
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    that works quite well,
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    unless you are somehow certain
    you have an amazing product
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    that no one else can do.
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    But I really do think
    using socials and stuff,
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    just trying to get some sort of engagement,
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    trying to figure out
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    is this a product people
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    are going to actually buy?
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    The biggest mistake people make is thinking
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    that they need an audience first
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    and then they sell the product.
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    And I completely get it,
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    especially when you look
    at someone like me,
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    when you look at other creators online,
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    they have an audience,
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    that's how they're getting their products
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    in front of an audience,
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    in front of their socials,
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    whatever it might be,
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    when that really isn't the case.
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    The most successful creators
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    I personally know actually
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    made the audience
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    alongside making the products.
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    So, for example,
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    if you are an artist,
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    how do you think you would build
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    an audience to sell your art?
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    You'd, course, share your artwork online.
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    If your artwork is cool and unique,
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    will naturally follow your content,
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    will then actually like your content,
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    and those who like it a lot
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    will then maybe buy it,
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    maybe sell posters,
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    maybe sell digital products
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    like wallpapers,
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    artwork, whatever it might be.
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    I think a lot of people
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    unfortunately fall into the trap,
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    like I said, of thinking that you need
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    the audience first.
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    I really do think
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    building the audience alongside,
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    building a product
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    is the best way,
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    because if you can't build
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    the audience alongside the product,
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    then unfortunately
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    your product probably
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    just isn't good enough.
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    You haven't done a good enough job
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    of showing what the product can do
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    or the product isn't good enough.
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    That's the harsh reality of it.
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    If no one is buying your product
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    through organic socials and stuff
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    and you're not able
    to build an audience off of it,
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    then yeah, the harsh reality is
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    your product probably just isn't good enough.
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    Like I said, out of all the things
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    that I've tried throughout my life,
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    this is probably one of the most passive ways
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    that I've made money.
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    This is probably
    one of the most passive ways
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    that I generated an income for myself.
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    But I want to make it clear
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    there is no such thing
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    as truly passive income.
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    You always have to put in the legwork
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    to get something actually going.
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    I'd say my most passive
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    source of income right now
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    is my stock portfolio.
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    However, that's not something
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    that you can just suddenly have.
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    It just doesn't make sense
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    because you have to have the money
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    in the first place to invest
    in stocks and shares.
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    You still have to put in the legwork.
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    That is definitely the most passive thing
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    that I have right now.
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    So I make the money
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    from my digital products.
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    It goes straight into my stock portfolio.
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    I'm making the money work for me.
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    For people who have been long time followers,
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    not just on the channel,
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    people have just followed my socials.
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    What I've been doing for the last
    sort of ten years now,
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    will know that digital products
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    is how I got into making money online.
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    That was my first way of making money.
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    If you've watched my previous videos,
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    you may have seen me mention
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    Tumblr themes.
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    Some of the themes were just incredible
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    to me.
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    They absolutely changed my life.
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    Before that night
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    I was selling like
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    Android icons and things like that
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    for like three bucks a pack.
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    So I really had
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    the taste of digital products.
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    I knew that digital products
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    were such
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    a fantastic way to make money.
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    That was just something that
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    clicked for me.
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    When I knew that I was selling something
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    that I had just designed in Photoshop
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    because we were using Photoshop back
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    then, designing
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    Photoshop put out for sale
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    and people were buying it.
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    And I remember I was making like
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    I was making enough
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    where it was as good as a part time job.
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    It was paying my bills and stuff
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    and this was blind is blowing
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    my mind at how this was working then.
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    It's of course
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    just evolved into other products.
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    I remember Mr.
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    Miller Tumbler templates,
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    WordPress templates,
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    and my template templates
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    were really popular,
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    I guess at the time.
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    I just had a specific style
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    and I was making sort
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    of specific templates that people wanted,
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    and I sold so many sample templates
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    before Tumblr kicked me
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    off their Tumblr theme in.
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    I think I got up to $700,000,
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    nearly $700,000, and that's
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    just on the summer theme garden.
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    I'm sending templates
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    outside of it as well.
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    I was getting clients
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    because they would see my themes
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    and the like, Hey, we want something custom
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    for our for our brand.
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    So I'll do that too.
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    Yeah.
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    The reason
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    I actually got kicked off the term,
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    I think island was because I stopped
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    updating the themes.
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    The income had dwindled quite a bit.
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    I think it had come down to like
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    $500 a month.
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    And for me to update like 20 themes,
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    it wasn't actually worth it
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    for the cost in the time that I had
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    to put into updating them.
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    Just wasn't worth it.
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    Worth it for that extra $500 a month.
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    Now, of course,
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    $500 a month for a lot of people.
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    Like I said, it's a very,
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    very nice
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    bit of side income.
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    But of course, with all my other businesses
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    and stuff,
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    it just didn't make time
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    sense and financial sense this time,
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    since even the word ventures
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    do make sense for me,
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    ever since I have been selling
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    digital products online
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    in some way or another.
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    Right now
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    I just have wallpapers, presets, templates,
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    notion templates
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    and I have some courses as well,
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    but the course is actually
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    this is the thing
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    I seen a lot of people fall
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    into the trap of the courses
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    actually become
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    their main source of income
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    and I completely get it
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    because people want the knowledge,
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    but my primary source of income
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    still is my digital products
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    and sponsorships on YouTube.
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    Now when you see like a sponsored
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    segment on video and stuff,
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    you know, I'm getting paid to do that.
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    But that's not technically really passive
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    because I've still got to put in the work
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    of making the sponsored segment,
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    leading out of the sponsored
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    segment, finding the sponsor
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    or the sponsor coming to me,
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    negotiating and things like that.
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    Digital products, it's
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    not like that whatsoever.
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    I make the digital product
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    put out for sale
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    and then hopefully people find it
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    and they buy it like
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    there's not no other easier
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    way to make money online.
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    I think as I mentioned earlier, though,
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    I've put together
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    a list of resources in the description
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    I highly recommend checking out.
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    Hopefully you guys enjoy this video.
  • 9:00 - 9:01
    Make sure to check out
  • 9:01 - 9:02
    one of my other videos.
  • 9:02 - 9:04
    I've done so many videos recently
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    on the sort of high income skills and other
  • 9:05 - 9:06
    digital product videos.
  • 9:06 - 9:07
    Make sure to check them out.
  • 9:07 - 9:09
    Follow me on Instagram or Twitter
  • 9:09 - 9:10
    and subscribe for more.
Title:
Build and Sell a Digital Product in a Weekend
Description:

more » « less
Video Language:
English, British
Duration:
09:10

English, British subtitles

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