The Secret to MAKING MORE MONEY Selling Digital Downloads On Etsy (25K from ONE Digital Product!)

the secret to my success on etsy has to do with something that it just seems so simple but i don't know if anyone's ever said it before and this really simple thing and i hope this offered you a mindset shift can really help you succeed on the platform [Music] what's up guys welcome back to my channel today in this video we're going to talk about how i made 25 000 on one digital product idea on etsy and i want to talk about this because you guys have asked me how do i know which product to create first how do i choose a profitable niche how do i know which product is going to make me the most money so i thought this video would be really interesting because i'm going to be talking about how you can actually see which product is going to be the most profitable financially for you because i can't really help you decide which is best based on your strengths or which one is going to be profitable for you emotionally but i can give you some tools and resources and spark some ideas of how you can decide which product will be profitable financially so let's just jump into the tips i'm going to share some things i haven't shared before so let's just get into it now i want to talk about marmalade first because i've talked about marmalade a lot before and i want to offer a different perspective for you so you can validate a product idea using marmalade you can validate there's a gap in the market meaning that if you search a keyword term and it's a long tail keyword which means that it's very relevant to the product and you see that there is more search volume and engagement than there is competition that tells you that you found a gap in the market which basically means that you can be more profitable more quickly and maybe more easily than a long tail keyword that describes a more competitive product even if the search volume and the engagement is really low on marmalade you still can be profitable for example my top search term on etsy is thank you card business and that used to have under 25 searches and engagement per month when i first started selling this template but i was still making several hundred dollars every single month and that's because there are other keywords that people are searching for to find my product like thank you card okay that's a very generic keyword but people were still searching for business thank you cards using just the keyword thank you card and i was still populating so the best place to really look is your competition the other sellers that are selling something similar to what you want to sell and you can actually calculate how much someone is making with a product right and i'm going to show you how so we're going to take a look at this ebook template and if we scroll down to the review section you can see that this person got three reviews in december and typically people leave a review 10 of the time and i did test this out on my shop and i noticed that it is pretty accurate if this seller got three reviews in december then doing simple math that means that she made 30 sales on her template in the month of december which means that on average she made 750 on this one listing i mean that's crazy because that's not the only template she has on her shop so if you want to know how profitable you might be you can go on to a competitor's site you can check out how many reviews they're getting and you can do the math then you can figure out how much money they've made and i want to show you another good thing to look at when you're on marmalade when you type in your long tail keyword you can actually filter by materials make sure you're filtering for digital product or pdf or printable etc all of those words that indicate that this product is digital and then you can scroll down a little bit and you can look at the price range and this is going to tell you where those listings that use that keyword that are also digital or whatever materials you checked off this is going to tell you where those listings are priced what i've noticed is the best sellers are actually on the lower end of the spectrum so knowing that you can get a good idea of how much you can charge your product for but also be successful right you don't want to do it on the high end unless your product is something that warrants that type of price range but knowing this information you can get a good idea of which product is actually going to be worth my while because maybe a single planner sheet you could charge like three dollars for but maybe if you created something else that was more elaborate like the ebook template then you'll be able to charge more money i charge 14 for my thank you card templates and the reason why they sell even though the majority of people charge less money is because i do have certain assets elements there's something about my product that warrants this higher price so you want to keep that in mind as well now the secret to my success on etsy has to do with something that it just seems so simple but i just feel like i don't know if anyone's ever said it before i created something that i could get more bang for my buck all right let me explain what i'm trying to say so i created a template and i was able to stretch that one product and that one idea really far i feel like i see a lot of people trying to fill up their shop with different products when that's really exhausting them and it's also wasting their time because they're thinking i need a certain amount of listings in order to be successful when you can literally just have one template and have your whole shop centered around that one template and make a ton of sales i mean i make over a thousand dollars every single month and i only have this one template i just was smart about it by creating different colors and having different font options and making it user friendly and more customizable so more people would actually want to purchase this template because here's the thing guys i found out what template worked for me and then i just duplicated it with different colors and different fonts which was attracting more people but not only that now i had more listings on etsy eventually once you optimize your listings sales is just a numbers game now it's about getting traffic and being more visible so because i had so many listings and so many different colors and variations even though it was the same template just tweaked a little bit here and there i was more present all over etsy so this could be applied to so many other things like cover letter templates and resume templates i mean the same thing there that's a really profitable product and you can create different styles different font options different colors i mean you can really stretch that one product idea and this really simple thing and i hope this offered you a mindset shift can really help you succeed on the platform here's another different but similar tip so creating planner kits just kits in general you can really stretch your product super far because let's say you create a meal planning kit well now you can break up each of those pages into its own listing that's another way of creating something that you can have multiple listings so your time and your energy goes further so i hope you found this video helpful it was a little different than my usual videos if you liked it give it a thumbs up let me know in the comments below what you thought what questions you have what other video ideas you have i love making videos about passive income and digital products so do let me know and as always thank you so much for watching i will catch you in the next video bye guys

Channel: Alissa Rose

Views: 102,899

Keywords: MAKE MONEY SELLING DIGITAL DOWNLOADS ON ETSY, selling digital downloads on etsy, selling digital downloads, digital downloads, selling digital products, digital products on etsy, profitable digital products to sell online, how to make money selling digital products, digital products, digital products to sell on etsy, how to make passive income on etsy, etsy digital products, etsy digital downloads, digital product ideas, sell digital products

Id: bMKDXTojwhU

Length: 8min 21sec (501 seconds)

Published: Tue Jan 19 2021