Physical products have advantages and disadvantages and I personally have no practical experience with them because of the disadvantages mentioned above. Nevertheless, I also see potential here, because relatively few people do it and you can definitely hit a nerve in the right niche with the right product.
Book
The first thing that springs to mind is of course a printed book, especially since the step from eBook to print edition is not that big. There are colombia cell phone number list some providers, Physical products most notably Amazon , that make it quite easy to have a book printed and published yourself.
In contrast to print on demand, however, it is significantly more expensive and risky to have a certain number of copies printed in advance. In addition, distribution is another major challenge here.
Does it make sense? Today, one printed book still brings more reputation and recognition than 10 eBooks. However, it is only worthwhile in exceptional cases, as the margin is much lower.
own products
This point is very general, but I can’t go into detail about every single physical product. In general, most successful product manufacturers started out with an idea for a useful product. In this respect, a real product of their own is more of a full-fledged business idea for a startup and not an additional source of income that you run on the side. Especially since the financial risk here is not insignificant.
An alternative is crowdfunding via how to start your own business: business plan platforms such as Kickstarter. Here, many people realize their ideas for their own products without having to make a large financial investment up front.
Does it make sense? If you’re just looking for an additional source of income for your self-employment, then having your own physical products is probably a step too far. However, as a basis for a company, it makes a lot of sense.
Third-party products
Instead of developing and producing your own product, you can sell other people’s products. This saves you the huge costs of manufacturing and Physical products still allows you to take advantage of other opportunities.
Many also outsource logistics through dropshipping cameroon business directory or Amazon FBA and therefore “only” have to take care of marketing and sales. This is also feasible for sole proprietors.
Does it make sense? If you want to sell physical products, then other people’s products are definitely worth considering. The risk is lower and you can gain a lot of experience so that you can perhaps produce your own products later.