Posted on: March 10, 2020 Posted by: Jerry Comments: 6

Digital Products – Everywhere We Are

According to Wikipedia, products we refer to as digital products are actually digital goods or e-goods. They are intangible goods that exist in a digital form.

Some examples of these are, digital media, streaming media, digital subscription business model, online advertising, electronic tickets, online casinos, electronic trading platforms, computer software, digital distribution, mobile application, cloud computing, online game, virtual goods, virtual economy and educational technology just to name a few.

The truth is, there are countless amounts of digital products available.

If you pay to watch a web conference on your computer screen, you have bought a digital good.

Whether you sell digital products ebay, buy digital products, read reviews on digital products, they are all around us.


Digital Media

Are any media that are encoded in machine-readable formats. Digital media can be created, viewed, distributed, modified and preserved on digital electronics devices.

 

Streaming Media

Is multimedia that is constantly received by and presented to an end-user while being delivered by a provider. The verb “to stream” refers to the process of delivering or obtaining media in this manner; the term refers to the delivery method of the medium, rather than the medium itself, and is an alternative to file downloading, a process in which the end-user obtains the entire file for the content before watching or listening to it.


Digital Subscription Business Model

Is a business model in which a customer must pay a recurring price at regular intervals for access to a product or service. This is now used by many businesses and websites.

 

Online Advertising

Also called online marketing or Internet advertising or web advertising, is a form of marketing and advertising which uses the Internet to deliver promotional marketing messages to consumers. Many consumers find online advertising disruptive and have increasingly turned to ad blocking for a variety of reasons.


An Electronic Ticket

Often called e-ticket, is the digital ticket equivalent of a paper ticket. The term is most commonly associated with airline issued tickets. Electronic ticketing for urban or rail public transport is usually referred to as travel card or transit pass. It is also used in ticketing in the entertainment industry.


Online Casinos

Also known as virtual casinos or Internet casinos, are online versions of traditional casinos. Online casinos enable gamblers to play and wager on casino games through the Internet. It is a prolific form of online gambling.


Electronic Trading Platform

In finance, also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products can be traded by the trading platform, over a communication network with a financial intermediary or directly between the participants or members of the trading platform. This includes products such as stocks, bonds, currencies, commodities, derivatives and others, with a financial intermediary, such as brokers, market makers, Investment banks or stock exchanges. Such platforms allow electronic trading to be carried out by users from any location and are in contrast to traditional floor trading using open outcry and telephone based trading. Sometimes the term trading platform is also used in reference to the trading software alone.


Computer Software

Or simply software, is a collection of data or computer instructions that tell the computer how to work. This is in contrast to physical hardware, from which the system is built and actually performs the work. In computer science and software engineering, computer software is all information processed by computer systems, programs and data. Computer software includes computer programs, libraries and related non-executable data, such as online documentation or digital media. Computer hardware and software require each other and neither can be realistically used on its own.


Digital Distribution

Is the delivery or distribution of digital media content such as audio, video, software and video games. The term is generally used to describe distribution over an online delivery medium, such as the Internet, thus bypassing physical distribution methods, such as paper, optical discs, and VHS videocassettes. The term online distribution is typically applied to freestanding products; downloadable add-ons for other products are more commonly known as downloadable content. With the advancement of network bandwidth capabilities, online distribution became prominent in the 21st century, with prominent platforms such as Amazon Video, and Netflix’s streaming service starting in 2007.


Mobile Application

Also referred to as a mobile app or simply an app, is a computer program or software application designed to run on a mobile device such as a phone, tablet, or watch. Apps were originally intended for productivity assistance such as email, calendar, and contact databases, but the public demand for apps caused rapid expansion into other areas such as mobile games, factory automation, GPS and location-based services, order-tracking, and ticket purchases, so that there are now millions of apps available. Apps are generally downloaded from application distribution platforms which are operated by the owner of the mobile operating system, such as the App Store (iOS) or Google Play Store. Some apps are free, and others have a price, with the profit being split between the application’s creator and the distribution platform. Mobile applications often stand in contrast to desktop applications which are designed to run on desktop computers, and web applications which run in mobile web browsers rather than directly on the mobile device.


Cloud Computing

Is the on-demand availability of computer system resources, especially data storage and computing power, without direct active management by the user. The term is generally used to describe data centers available to many users over the Internet. Large clouds, predominant today, often have functions distributed over multiple locations from central servers. If the connection to the user is relatively close, it may be designated an edge server.


Online Games

Are video games that are either partially or primarily played through the Internet or any other computer network available. Online games are ubiquitous on modern gaming platforms, including PCs, consoles and mobile devices, and span many genres, including first-person shooters, strategy games and massively multiplayer online role-playing games (MMORPG).


Virtual Goods

Are non-physical objects and money purchased for use in online communities or online games. Digital goods, on the other hand, may be a broader category including digital books, music, and movies. Virtual goods are intangible by definition.

 


Virtual Economy

Is an emergent economy existing in a virtual world, usually exchanging virtual goods in the context of an Internet game. People enter these virtual economies for recreation and entertainment rather than necessity, which means that virtual economies lack the aspects of a real economy that are not considered to be “fun”. However, some people do interact with virtual economies for “real” economic benefit.


Educational Technology

Is the use of both physical hardware, software, and educational theoretic to facilitate learning and improving performance by creating, using, and managing appropriate technological processes and resources.

 


Intangible Goods

We have learned there are many goods that do not have a physical nature, as opposed to a physical good. Digital goods such as downloadable music, mobile apps or virtual goods used in virtual economies are all examples of intangible goods.

In an increasingly digitized world, intangible goods play a more and more important role in the economy.

Virtually anything that is in a digital form and deliverable on the Internet can be considered an intangible good.

In ordinary sense, an intangible good should not be confused with a service, since a good is an object, whereas a service is an activity or labor. So a haircut is a service, not an intangible good.

Whether you sell digital products ebay, buy digital products, read reviews on digital products, they are all around us.

 


 

We should remember to treat one another with respect by loving and taking care of each other. There are many different ways we can put our Love for GOD and each other into action. We can participate in Outreach Programs and enhance our studies through the use of Software and Digital Products.

 

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6 People reacted on this

  1. Very interesting article. The web sure has changed a lot in our daily lives. In the early 90s they would have called you crazy if you talked about “digital products”. I have recently started to use e-trading platforms. I have to say, it’s a much easier way to learn how to trade than going to the bank and talking to your advisor about stocks and shares… professionals make it look so hard as if they’re the only ones who know how to handle that sort of stuff but once you get the hang of it, it really isn’t that hard. This month I earned almost $50 just by buying and selling cryptocurrencies. Anyway, great website! Keep up the good work. 

    1. Thank you for reading, commenting,for considering this a very interesting article, and for considering this a great website.

      I do intend to continue to keep the website interesting, thank you again for your reading and comments. I forever grateful.

      Have A Blessed Day!

  2. There are digital products everywhere and these products have in a short while become relevant in our lives. I just have memories of the times when we did most things manually. Technology has really advanced us in ways that we never expected. 

    Thank you very much for sharing this wonderful post.

    1. Thank you for reading and commenting.

      You are most certainly welcome for the wonderful article, and thank you for calling it that.

      Thank you again for your comment.

      Warm Regards To You My Friend!

  3. These are some really great digital products, and the fun thing is that they are not expensive. The fact that I have learned something really tangible from this post is very satisfying. The building of your website is nice and the simplicity of the color selection makes it so beautiful. I would like to thank you very much.

    1. Thank you for reading and commenting on this post.

      I am very pleased to learn that you have learned something really tangible from this post that is very satisfying, and thank you for commenting about my site being very nice and the simplicity of the color selection making it beautiful.

      Warm Regards To You My Friend!

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