3 Signs It's Time To Offer Digital Products To Make More Money In Less Time
As I mentioned in the above video, I have a free resource to help you called: From Custom Service to Digital Product. This roadmap walks you through how to turn a 1-on-1 service into a digital product that supports a 1-to-many business model.
NOT diversifying your offers costs you more than you think!
If you’re wondering if and when to offer digital products, you’re in luck! Today I’m sharing the 3 big signs that you need to offer Digital Products ASAP and 3 ways Digital Products can add more income to your business.
If you’re a coach, consultant, or service provider and you’re only selling 1-on-1 services, that’s holding you back from the time, location, and financial freedom you’ve been dreaming of!
Here’s 3 signs of how this is holding you back:
3 Signs It's Time To Offer Digital Products ASAP
Sign #1: You’re Trapped in the 1-on-1 Time Trade
So what does that mean?
That means you’re stuck trading time for money and you only make as much money as there are working hours in a day.
This happens when you grow a business based on customizing services for each client.
You become limited with how many people you can help during the day. And chances are, you’ve already cut into your personal time to work more hours.
So limited time = limited impact and growth.
That’s how you know you’re always trading time for money.
Sign #2: You’re Burnt Out (& Have Felt This Way For Awhile)
I’m talking about the burnout of working around-the-clock and STILL not making enough money to live the life you want.
Like when’s the last time you took a vacation without your laptop? Or last time you went out with your partner just for fun instead of waiting for a special occasion?
And underneath the burnout is the fear that if you don’t keep working harder, your business will collapse.
If you’ve felt that way for months - maybe even years - then it’s long overdue to make a change.
Sign #3: When You’re Watching Money Walking Out The Door, It’s Time to Offer Digital Products
There's nothing worse than turning down the perfect client because you simply don't have the bandwidth.
It sucks when you have to say no when you really need to say yes…to that income!
When you have nothing else to offer but your time, you end up watching money walk out the door.
If you’re hearing this and realize:
Uhh, that’s me!
Then it’s absolutely time to diversify your offers with Digital Products as another source of income.
Let’s dive into what Digital Products can actually do for you!
3 Ways Digital Products Add More Income
#1 Make Sales Even When You’re Completely Booked
A done-for-you service for a client isn’t the only way to deliver your expertise.
Your knowledge can be packaged into Digital Products that customers can consume without you.
Now when someone reaches out for help, you have a choice. Take them on as a client..if you want! Or offer them one of your new Digital Products that still get them results.
#2 Attract Clients With Different Budgets
You can cast a wider net when you offer Digital Products at different price points.
The more you can accommodate different budgets with lower priced offers, the more people can benefit from your expertise.
Plus, once they’re ready to make a bigger investment, they’re more likely to pay someone they’ve had a good experience buying from before.
#3 Grow A Base of Raving Fans
Think of all the satisfied customers you’ve already helped.
Having new offers gives them continued ways to work with you.
Plus it’s so much easier to sell to an existing customer than to a stranger.
And that’s really where the magic happens – when your audience has multiple ways of engaging with you, they stay IN your world.
Not only are you earning more money, but you’re building a fanbase of loyal, repeat customers who stick around and get excited for new products you launch.
These raving fans happily spread the word about how awesome your business is - which brings more potential customers into your orbit.
When to Offer Digital Products Recap
To recap, offering Digital Products allows you to:
Make Sales Even When You’re Fully Booked
Attract Clients With Different Budgets
Grow A Base of Raving Fans
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