When you first start a business, it can be tricky to figure out what kind of business model makes sense for you. Depending on the industry that you’re in, often the easiest thing to do is look at what everyone else in your industry is doing, and go with a model that seems to be tried and tested.
That may work as you start up and get going, but at some point you may start to realise that you only have really one revenue stream. Especially if you’re a client based business, you can reach a point where you have reached capacity and unless you hire more and more staff, you find that your income is capped.
Well, one of the best ways to increase your revenue without hiring more staff, contractors or working a lot more hours, is to create an online program.
That’s why on the podcast today, I’m breaking down 10 big benefits of adding an online program to your business.
I run two online programs – The Modern Marketing Collective and Scalable and have found that since taking the leap and launching these memberships, my business has completely changed. I have more time, doing more of the things I love to do, and making a bigger impact to a wider community.
It’s truly the best thing I have done for my business, and I hope this information helps you too!
TOPICS DISCUSSED AND WHERE TO FIND THEM:
[1:20]: Let’s go through the 10 big benefits of adding an online program
[1.40]: # 1: When you have another revenue stream in your business you can be more selective with the clients that you work with
[2.11]: # 2: It fast tracks your expert status
Turning what you know into teaching what you know
Hone your skills
[4:00]: # 3: It provides financial stability knowing that you’ve got a certain amount of revenue coming in
[5:26]: #4: Impacting more peoplewhen you’re doing other type of work
[6:36]: #5: Building a community a providing a space for other like minded people on a similar journey to connect with each other
[7:45]: #6: Being able to work from anywhere. All you need is your laptop and your phone.
[8:25]: #7: Being able to control your schedule. You can schedule time to do the things you need to do when it suits you.
[9:30]: #8: It can be a pretty lean business model. You don’t need stock or a large team to run things.
[10:35]: #9: Customer journey points. It allows people to learn from you at a lower price point than the other offers you may have available
[11:40]: #10: Fulfillment, creativity and fun. There is so much opportunity to do it your way.
[12:55]: Enrolment to my Scalable course and Mastermind open on 18th May. Register for the free webinar coming up