You have then 8 different ways to monetize your #digitalgoods, excluding the obsolete #advertising strategies and #affiliate #marketing:
1. Selling digital products directly: You can sell digital products like eBooks, music, videos, software, and other digital products directly to customers through your own website or online store.
2. Subscription-based model: This model involves charging a recurring fee to access digital products or services, such as online courses, membership sites, and streaming services.
3. Freemium model: This model involves offering a basic version of your digital product or service for free, with the option to upgrade to a premium version for a fee. This is common with mobile apps and software products.
4. Crowdfunding: You can use crowdfunding platforms like Kickstarter or Indiegogo to raise funds for your digital products or services. This involves setting a funding goal and offering rewards to backers who pledge money to help you reach that goal.
5. Licensing: You can monetize your digital products by licensing your content to other businesses or individuals for a fee. This could include licensing your music for use in films or TV shows, or licensing your software to other companies.
6. Sponsorship: You can monetize your digital products by partnering with sponsors who pay you to promote their products or services to your audience. This could include sponsored blog posts, social media posts, or podcast episodes.
7. Donations: You can monetize your digital products by accepting donations from your audience. This could be through a donation button on your website or by offering exclusive content or perks to supporters who contribute a certain amount.
8. Pay to Play: Where your customers are happy to pay by seconds/minutes when consuming your media file. Maybe adding a variable to get early access at a premium? You decide...
Did we miss any? Let us know in the comments below