in the world of e-commerce and Drp Shipping so much has changed in the past couple years and one new trend that's currently on the rise is digital Drp Shipping but what is digital Drp Shipping compared to regular e-commerce and physical Drp Shipping While most of the two Styles overlap a ton but one major difference that is pretty obvious is that digital Drp Shipping is selling a digital product whereas physical Drp Shipping you're sending the product physically to the customer and it's something that you can hold in your hand obviously I'm going to be covering everything that you need to know about digital Drp Shipping the pros and cons how to get it up and running but first I need to give a shout out to Ecom remastered student Bank R for passing just 1800 Euros only using Tick Tock organic traffic in the very first month so congrats and I cannot wait to see how far you scale the store only using organic traffic if you're interested in learning from me and my team personally at eCommerce mastered make sure to visit our website down below in the description so you can learn more about us or if you're just ready to come learn and start your Ecom Journey I'll have a link Down Below in the description and that's where you can book in an appointment you can't skip that process so make sure you book a time slot while they're available all right now let's cover the pros and cons of digital Drpship I've been in the space of physical Drp Shipping now for five years and run multiple seven-figure businesses in this new digital Drp Shipping Trend kind of piqued my interest but just knowing the space pretty well I can easily point out some cons in it which we're going to cover but first onto the pros so Pros is that digital Drp Shipping have higher profit margins with digital Drp Shipping since you're sending a digital product and it's not physical there is really no product cost there is a slight cost up front if you want to get this product customized and you have it really personal but that's a one-time fee and then you can keep sending this product over and over again that also cuts out all of the Fulfillment in terms of shipping costs this is because right when the customer makes a purchase they're immediately going to receive the product and this is going to be done through email or another app which I'll talk about later and if you're running organic traffic to get sales to your digital Drp Shipping Store you're going to see profit margins as high as 90 because the two biggest costs in physical Drp Shipping are advertising costs and product cost so since you're cutting out both of those you can see these really really high profit margins some as high as 95 another Pro is not having to deal with finding the right supplier finding the right supplier for physical Drp Shipping contain take a while to vet out the right one you have to see if they can communicate well deliver the product on time make sure the packaging and the overall product is high quality now it is one of those things where once you find that good supplier you kind of stick with them forever I've been working with mine for over three years now but the benefit of having a digital Drp Shipping Store is that you don't have to deal with the supplier because it's going to be completely automated and you don't have to deal with any of the shipping times or hoping the product arrives or hoping the product doesn't arrive broken it's all done for you making that process super simple dealing with less returns sounds pretty great right but first let's cover some cons because I think there's some glaringly obvious cons in this space that need to be talked about and then after the cons I'm going to go into my theory of what works best for digital Drp Shipping and how you can find the most success the most obvious con to me is who buys digital products why would you buy a digital product or an ebook when pretty much everything is available online for free and I do think building a customizable limited project which is a little hint on my theory I'm going to be talking about is a little bit Limited in terms of the niches you can choose from and it might be a little bit hard to stand out this can ultimately make it a little bit harder for a beginner to find any success in this business another con is that it's nearly impossible to prevent sharing of this product I mean look at Netflix for example with their recent update they're really trying to beat people that are sharing passwords with friends and family because this is a ton of missed revenue and they're really trying to collect and crack down on that but it's really really hard to do so anyone can essentially purchase a digital product or an ebook or a calendar or template download it screenshot it give it to people for free share it to their friends and family it's pretty much endless and also pretty much any digital project can be torrented which I'm not recommending these you but you can find Photoshop online torrented or pretty much any other software digital product that you're looking for and that's definitely a concern in this business model that we can't Overlook but let me explain my theory on how I think you can become massively successful selling a digital product our product needs to be hand catered and unique to the point of where it doesn't matter if someone else shares the product and the reason for that is because it'll be so personalized that there's no benefit of even sharing it unlike an ebook or a calendar providing a really unique product will one really entice them to actually purchase this product from you leading to higher conversion rates and two making it extremely unusable for people that they're sharing the product with leading those people to be marketed to essentially By Word of Mouth coming back to you and getting their personalized product let me give you an example of a good product to sell that has uniqueness let's use the fitness and health Niche for this example an ideal digital product would be one where a customer could visit your landing page and fill out a questionnaire this questionnaire will ask people like what's their current weight what is your goal weight what are your dietary restrictions what kind of gym equipment do you have access to do you have access to a gym or do you have access to an at-home gym with no weights what is your time frame for your goal Etc now this questionnaire will actually have to be mapped in the back end it'll be like some sort of tree map format where whatever inputs that they put into it like their weight their height their goals for Fitness what they're trying to achieve all that stuff I just listed it's going to take all of these and spit out a personalized fitness plan a meal plan routine etc for example if they say that they're a male 165 pounds and their goal weight is 175 pounds and they want to get there in the next two months they don't have a gym membership all they have are dumbbells at home and let's say they're allergic to gluten your system would take these inputs and put together an exercise plan only using dumbbells or body weight that can be used at home a schedule for these workouts how many days that they need to work out what the rotation is Etc in a meal prep kind of cookbook that provides them with recipes and how many calories that they need to take per day based on their weight so they can hit the goal that they want within two months that's the kind of digital product that I think would absolutely Crush because it's so personalized it really caters to people's goals it knows their exact inputs of what they need how they're going to hit it and it's all spit out and put together really nicely format for them and sent to them via email PDF whatever now that's something I'd be interested in right because it's like having a personal trainer or a nutritionist or some sort of Coach putting this all together for you and then just sending it right over to you I mean people pay hundreds of dollars to get this kind of information that is definitely what would make you stand out selling digital products that would be solving a problem there would be uniqueness to it it wouldn't matter if they sent it to their friends because they have to be the same height and weight and also be allergic to gluten it's so unique and it's so personal it would make people feel like they really got a lot lot of value out of it and don't even get me started on the upsells for it right in that specific Niche you could sell them at home workout equipment you could sell them protein all these different things as well on the side if you want to go into physical products mix in with digital now that's a great example but let's talk about the resources of how you can actually get started doing this so if we're doing a questionnaire we're going to need some sort of questionnaire software that you can actually map all of these inputs to give someone an output right so there's a couple that you can actually look into I'm not affiliated with these there's no Commerce and there's also octane AI both of them have this questionnaire type of format that you can integrate onto your Shopify store they each cost a different amount up front obviously octane AI for example is if you're under a million dollars in Revenue then you pay 50 a month or 200 depending on which kind of set you need and what kind of features you need but these are two great resources to use when you're filling out that questionnaire if that's the route that you want to go and you're also going to need a domain right so this is a perfect time to think today's actual sponsor of the video did you know that over 70 of online business owners cannot secure the. com domain this leads e-commerce owners to put in hyphens extra letters in their domain name which can make your store look a little bit untrustworthy with. com being extremely saturated Ecom Brands and celebrities have been making the dot store name really really popular and it's a no-brainer isn't it a website ending in dot store implies just one thing this website is an online store a place where you do your shopping celebrities like Rihanna Michelle Obama Shakira PewDiePie Brands like Discord and Faber Castell influencers like Mark Rober Zach King and dude perfect and over 1 million other sellers if you're starting up an econ brand which I'm assuming you are because you're watching this video or you've watched my other videos it's a no-brainer really you gotta do it on dot store domain you need to lock down your dot store domain you can get at any registrar like GoDaddy namecheap or even directly on Shopify or you can go directly onto their website at www.
get. store and just for my viewers specifically dot store is offering you guys a massive discount at 99 Cents for your domain this is for the first year if you use my coupon code all you gotta do is use a coupon code Austin store on git. store and I'll also have this link Down Below in the description let me just show you exactly how easy it is to open a DOT store domain all you're going to go to is get dot store hit buy now now let's look for a DOT store name so if this is in the fitness Niche then let's type in something like Fitness Pal click on buy now and it tells you right here that it's available so we have fitnesspal.
store it's available for 29 unless you use my discount code you're just gonna hit add to cart now there are a couple different things you can add on to your domain package if you want like a professional email from Google secure your website with SSL which is really important otherwise you get that big red flag at the top left of domains it makes it look really untrustworthy so we're going to go ahead and hit proceed typed in the coupon code Austin store all in caps duration one year instead of 29 it's 99 Cents so the total comes down to 8.
