Digital Assets

Digital Assets are virtual things (usually in binary format), owned by a company or person, that have some value and might provide future economic benefit.

Some examples of digital assets are:

  • Web sites
  • Books published for e-Readers
  • Software or games
  • Digital Art, like photos, drawings, blog themes, etc.
  • Videos, from simple recordings of pre-school children playing with to quantum physics training

It is important to note that these things above are only considered as “assets” to whom own its licensing rights, being able to sell unlimited copies or license them to other people for profit.

As example, Microsoft produced software like Microsoft Office, therefore they can sell (or “license) as many copies of the software they want for profit. But if you buy a license of Office, you can’t resell other copies of the software. That means Microsoft has an asset called Office, and you have just a license to use a copy of the product.

When you create digital assets, you will hardly make money from day 1. Actually, creation of assets are usually a bet, when you invest your own time and money to create something that you don’t know if will be profitable or not.

But on the other hand, creation of digital assets might require much less investment when comparing to other “asset classes” (types). As example, you might need to invest much less when opening a drop-shipping online shop, instead of a physical store in the high street. In the same way, there are many examples on the internet of web sites who started with very low investment (usually just the owner’s time), and today they are worth much more than several multi national companies.

Now, feel free to explore, and you might find that a digital asset is what you want to do in order to make money and improve your financial life.