Digital goods, as the name suggests, are goods which are in an electronic format. They are similar to any type of goods except that they are available digitally.
These types of goods are usually transferred from the retailer to the customer through the internet.
Digital goods are becoming extremely popular in this age of technology. A simple example of a digital good is a song an iTunes user downloads from the program.
Goods available in an electronic form
A customer may purchase these goods from many other websites or programs on the net. After an effective purchase is made, the goods are either made available to the user by direct download, or it is sent via e-mail. The digital good market has revolutionized many industries today. An example is the music industry. This industry relies greatly on digital commerce to be more profitable. People can now buy songs directly from the internet rather than buying a CD or DVD from a retail shop.
Examples of digital goods
Some good examples of such goods are music albums, e-books and software. Buying digital goods has many advantages. It saves the time and effort of having to go to a retail shop, and it makes the goods available almost instantaneously. All that is needed is to make the payment on the internet and to wait for the good to download. The major disadvantage is that this type of digital commerce makes one more prone to online fraud.
The digital good industry promotes a green way of life
Digital goods also promote a greener way of living. For example, using e-books instead of conventional paper books may help to reduce the amount of paper used on a global scale. It also makes CDs and DVDs less useful as anyone can buy and download files from the internet.