14 Tools For Creating Digital Products

 

1. Canva (overall great option for selling digital designs)
2. Corjl (for hosting editable templates)
3. Templett (alternative to Corjl)
4. Adobe Photoshop
5. Adobe Illustrator
6. Adobe Lightroom (for editing photos & making Lightroom presets)
7. Affinity Photo & Designer (alternatives to Photoshop and Lightroom without a monthly subscription)
8. Gimp (free online alternative to Photoshop)
9. Inkscape (free alternative to Illustrator)
10. Picmonkey (alternative to Canva)
11. Procreate (illustration tool for iPad)
12. Apple Keynote (for creating digital planners for Goodnotes)
13. Creative Market (for getting high quality graphics & fonts to speed up the process)
14. Envato Elements (similarly high quality graphics & fonts. Unlimited downloads on a subscription).

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Simplification Of Strategy

Good day,

Strategy in business can be simplified to the basic principles of economics. Think of supply and demand, and economies of scale. 

If you can provide a product or service better or cheaper than others, you have an advantage.

 If your business benefits from economies of scale, meaning the cost per unit decreases as the volume of output increases, you have another powerful advantage.

For instance, if you find that you can produce goods more efficiently as you scale up, you might decide to invest in increasing your output. 

Conversely, if you see that your customers have many alternative suppliers, you might focus on differentiating your product or improving your service to increase demand. 

The key is to cut through the noise and focus on these basic economic principles. This way, you simplify your strategy, making it easier to formulate, communicate, and implement.

Adapted from "Competition Demystified: A Radically Simplified Approach to Business Strategy" by Bruce C. Greenwald