#2248 - Q&A: “Managing inventory for digital items…”
Side Hustle School
Chris Guillebeau
4.7 • 3.3K Ratings
🗓️ 26 February 2023
⏱️ 5 minutes
🧾️ Download transcript
Summary
If you’re selling a digital product, isn’t your inventory unlimited? This might sound like a trick question, but there’s more to it. When you continue to add more and more digital products to their online store, there might be a downside.
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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
Email: team@sidehustleschool.com
Be on the show: SideHustleSchool.com/questions
Connect on Instagram: @193countries
Visit Chris's main site: ChrisGuillebeau.com
Read A Year of Mental Health: yearofmentalhealth.com
If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | Monso Business Banking. It just works. So you can too. Join businesses like Target |
| 0:05.7 | to Wishing by opening a Monso Business account. |
| 0:07.7 | What I love about Monso Business account is how easy everything is. It can be filtered, |
| 0:13.1 | it can be tagged. We thought we'd have to manage our business around our banks, but that's |
| 0:17.3 | not the case for Monso. |
| 0:18.4 | My name is Shun. I am the Founder of Target Trition. |
| 0:21.6 | Apply in minutes at Monso.com slash business. To apply you must be a sole trader or director |
| 0:26.6 | of a limited company, UK Business is only terms and conditions apply. |
| 0:40.8 | If you're selling a digital product, isn't your inventory unlimited? You never run out. You don't |
| 0:46.8 | run out of digital downloads. It almost sounds like a trick question. How could it not be? |
| 0:51.6 | Because a file can be downloaded over and over. You downloading the file doesn't affect |
| 0:55.7 | my ability to download it and so on. If it's a song, for example, I can MP3 or a wave file or |
| 1:02.8 | some other format. Nevertheless, our caller today has a question about digital inventory. |
| 1:08.8 | And it's a smart one, actually, because they're wondering if there might be a downside to |
| 1:13.4 | continuing to add more and more digital products to their online store. How much do you keep building |
| 1:19.3 | out your store versus supporting the products that are selling the best? I like this thinking. |
| 1:23.3 | Okay, so it's not so much about a technical issue. It's about a branding issue. Let's talk it out. |
| 1:28.6 | Detailed question coming up in just 30 seconds. |
| 1:44.7 | Hi, side hustle team. This is Amy from Charleston. Here's my question. |
| 1:49.0 | I'm thinking of following the model of selling downloadable reports. And I wonder if it's better |
| 1:54.0 | to just focus on a few best sellers or go all in and try to build out dozens of them over time. |
| 2:00.3 | What do you think is better? I realize this might sound silly since digital products are |
... |
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