If you're looking for HOT selling course and digital product ideas, Yusef recently created some extra videos for our Fast & Simple Course Creation Class, showing how to conduct product idea research using some handy online tools.
The video above demonstrates product research, using the Everbee Chrome Extension – it's a quick overview that can help you hone in on the right course or digital product to create.
Watch the video above. You can also read the transcript below.
Using Everbee to Find Your Next Product Idea
In the last few days, I’ve been doing some research on digital products that you can sell on Etsy that have high revenue and high profit margin by using a tool called Everbee. If you're not familiar with Everbee, it is a Chrome extension that allows you to review and analyze listings on Etsy to determine products that have high sales and high profit margin.
If you are interested in using this tool, here is a link so that you can give it a try. So once you've downloaded the Everbee Chrome extension, you can just go to Etsy.com and search for different products and different niches that you operate in or wish to operate in.
In this case, we going to look into digital planners as shown above. Once here, to go the Everbee Chrome extension and click on product analytics. Once you do that, you get the results of multiple digital planners that are being sold by other vendors.
In looking at the screenshot, you can see the product name in this section, shop name, price that the product is selling at, estimated sales in the last month, estimated revenue in the last month, estimated total sales and listing reviews. I like to sort this by high sales per month and highest revenue per month as well.
The listing we are going to review is the third one down in the results – a 2023 digital planner. And it has sold around 4,800 units and has estimated monthly revenues of $71,000 USD, estimated total sales at 9,616 and this listing is only two months old. And they've already exceeded the monthly estimated revenue projection by $1,000 at the time of this video.
By clicking on it we can see what they're actually selling. So this their 2023 digital planner that they are selling for almost $9 per unit, so $8.41.
The good thing about digital planners is that we have low production costs. You can basically sell the same planner over and over again, without having to pay a storage fee or having to pay for additional product costs. Once you have the planner made, then you can sell it over and over again. So in looking at the numbers, the profit margin on this didgital planner is very hot.
As you can see, digital planners are very popular on Etsy. If you're looking for digital planners with commercial rights that you can purchase, modify and sell on Etsy, here is a link to a package of multiple digital planners that you can modify, customize and sell on Etsy.
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To your publishing success,
Yusef Kulan and Alice Seba
Your Partners in Easy Product Creation at EKitHub.com