6 Months in a New Business: Results, Insights, and Comparisons

📈The digital download market is not oversaturated, as proven by the net profit of almost $4,000 on Etsy and $200 more on Shopify.

📊Conversion rates play a crucial role in success, with Etsy having a conversion rate of 1.4% and Shopify seeing improvements with a higher conversion rate.

💻Optimizing website speed significantly impacts conversion rates, as observed with the store speed score increasing from 39 to 90.

💰Paid advertising on Etsy and Shopify can be cost-effective, driving traffic and resulting in high click-through rates and conversion rates.

🔎Relevant keywords and product listings are vital for attracting customers and maximizing sales.

Is it possible to make money selling digital products?

—Yes, the net profit of almost $4,000 on Etsy and $200 more on Shopify in October proves that selling digital products can be profitable.

Do I need a physical store to sell digital products?

—No, the law has changed, and selling digital products from home is allowed. You don't need a physical store presence.

How important is website speed for conversion rates?

—Website speed plays a significant role in conversion rates. Improving the speed score from 39 to 90 resulted in higher conversion rates on Shopify.

Are paid ads worth it on Etsy and Shopify?

—Yes, paid advertising on both platforms has proven to be cost-effective, driving traffic and resulting in high click-through rates and conversion rates.

What are the key factors in attracting customers and maximizing sales?

—Relevant keywords and well-optimized product listings are essential for attracting customers and maximizing sales.

00:00Introduction to the six-month review of a new business in the digital download area, focusing on Etsy and Shopify.

01:46Detailed analysis of statistics and numbers for October, comparing Etsy and Shopify performance.

02:46Insights and debunking myths about the digital download market and the profitability of selling digital products.

05:30Importance of website speed in conversion rates and the impact of optimizing store speed on Shopify.

06:55Effectiveness and benefits of paid advertising on Etsy and Shopify, driving traffic and increasing click-through rates and conversion rates.

07:53Emphasis on relevant keywords and well-optimized product listings for attracting customers and maximizing sales.