Cody Berman, a digital income expert, has transformed his financial landscape by creating a profitable side business focused on digital products. Over six years, Berman has successfully developed multiple digital offerings, allowing him to generate over $15,000 a month without needing capital, an existing audience, or prior experience.
Digital products, which include items like spreadsheets, planners, and templates, present a low barrier to entry. One can launch an Etsy shop with as little as $40 for setup costs. Berman emphasizes that newcomers can aim for an initial goal of making an extra $500 to $1,000 per month, which can significantly impact their financial journey and help fund future real estate investments.
Throughout an episode of the Real Estate Rookie podcast, Berman provided insights into the process of product creation, from idea generation and market research to utilizing platforms like Canva for design. He advocates for a structured approach using keyword research tools to assess market demand and competition, ensuring that products align with consumer searches.
Berman’s personal journey was sparked by a desire to prove detractors wrong. He recently launched a new shop to reach $1,000 in monthly sales within a specific timeframe, showcasing the enduring potential of this side hustle despite the increase in competition over the years.
Ultimately, Berman leads aspiring entrepreneurs toward their first step in launching an Etsy shop, encouraging them to act promptly. He shares actionable strategies that highlight the importance of persistence, marketing through SEO, and leveraging email lists for further engagement.
Bold Points:
- Why this story matters: Digital products provide an accessible path for aspiring investors to generate income and accelerate their investment goals.
- Key takeaway: With minimal initial investment and strategic planning, one can successfully create and sell digital products online.
- Opposing viewpoint: Critics argue that the market for digital products is becoming oversaturated, making it harder for new sellers to gain traction.
