How to Make Passive Income on Etsy Selling Digital Downloads
Are you looking for a way to make passive income on Etsy? Selling digital downloads can be a great way to earn money without having to constantly create new products. In this article, we'll go over the steps you need to take to create and sell digital downloads on Etsy.
Step 1: Decide What to Sell
The first step in creating digital downloads for Etsy is to decide what you want to sell. Do you want to sell digital worksheets, editable templates, printable planners, or printable wall art? It's important to choose a product that you're passionate about and that has a specific target audience.
Step 2: Research Your Market
Once you've decided what to sell, it's time to research your market. You don't want to jump into a super-saturated market and wonder why you're not making any sales. Instead, try to get more specific on what you want to sell. For example, instead of selling just typical daily and weekly planners that are very competitive, try targeting something way more specific like a pregnancy planner.
Step 3: Get Design Inspiration
After you've narrowed down your product, it's time to get some design inspiration. Browse through Etsy and Pinterest to get an idea of which products are getting the most sales and reviews. This will also help you gather ideas and inspiration for when you go to create your unique designs.
Step 4: Download Fonts and Graphics
If you're not creating your own graphics and fonts from scratch, you'll need to download ones that you have a commercial license to. Creative Fabrica is a great resource for getting graphics and fonts that you can use in your digital products.
Step 5: Create Your Product
Now it's time to create your product based on all the research you've done on low competition products and the design inspiration you've collected. Use tools like Canva to put everything together and create a multi-page PDF file.
Step 6: Upload Your Listing
When you upload your listing, make sure to put in a very descriptive title that includes relevant keywords to help you rank in Etsy search. Customers rely heavily on the images they see to make their purchasing decisions, so make sure your main image stands out. Fill out all 13 tags and make them relevant keywords.
Step 7: Promote Your Products
It's important to promote your products to get traffic started. Use tools like Pinterest to market your products and create multiple pins for every one of your products every single day that will direct people from your Pinterest account to your Etsy shop.
Step 8: Rinse and Repeat
Follow the exact same strategy we've gone over in this article to create more products for the same target customer. The more products you can offer in your shop, the better.
Selling digital downloads on Etsy can be a great way to make passive income. By following these steps, you can create and sell digital downloads that will continue to sell over and over again without further effort.
Pros:
- Passive income
- Low overhead costs
- No need to constantly create new products
Cons:
- Can be time-consuming to create the initial product
- Can be competitive in certain markets
Highlights
- Choose a product that you're passionate about and that has a specific target audience.
- Research your market and get specific on what you want to sell.
- Use tools like Canva and Creative Fabrica to create your product.
- Promote your products using tools like Pinterest.
- Rinse and repeat to create more products for the same target customer.
FAQ
Q: How do I get started selling digital downloads on Etsy?
A: Follow the steps outlined in this article to create and sell digital downloads on Etsy.
Q: What kind of products should I sell on Etsy?
A: Choose a product that you're passionate about and that has a specific target audience.
Q: How do I promote my products on Etsy?
A: Use tools like Pinterest to market your products and create multiple pins for every one of your products every single day that will direct people from your Pinterest account to your Etsy shop.
Q: Is it competitive to sell digital downloads on Etsy?
A: It can be competitive in certain markets, but by following the steps outlined in this article, you can create and sell digital downloads that will continue to sell over and over again without further effort.
Resources:
- Creative Fabrica: https://www.creativefabrica.com/
- Marmalade: https://marmalead.com/
- Sales Samurai: https://salessamurai.io/
- AI Chatbot: https://www.voc.ai/product/ai-chatbot
