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07/23/2024

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03/04/2024

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12/23/2023

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12/21/2023

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12/13/2023

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12/01/2023

What Is a Product?
A product is any item that you can sell to someone else in exchange for cash or barter.
It could be a piece of produce, an electronic gadget, or a comfy couch.

What Is a Digital Product?
A digital product is any product you sell online that doesn’t have a physical form or substance. You can’t hold a website template in your hand, smell an e-book, or taste a software program.
Some online entrepreneurs try to take shortcuts. They create poorly constructed digital products and assume they’ll make a living from them. More often than not, those entrepreneurs fail.
The virtual world has opened up a new category of products.

Why Are Digital Products Preferable to Physical Products?
Inventory never becomes an issue (either in surplus or deficit).
There aren’t any costs related to materials or assembly.
The product still needs to offer incredible value if you want your customers to return.
You can funnel the time and money you save on creating digital products into making new products available to your customers.
Marketing digital products aren't much different from marketing physical ones.
Explaining the need for a mobile app or online course can present more challenges. That’s why Knowledge Commerce professionals must focus on educating their audience.
Products and services aren’t as carefully delineated as they were 20 years ago.
As part of your Knowledge Commerce business, you could offer coaching packages to supplement your income and to create more intimate relationships with your customers.
It’s never been easier to accrue customers from the other side of the world.

10/23/2023

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10/19/2023

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