So all this month in The LOE Collective we have been talking about passive income and the ladies are working to create a small digital product that they can launch to their audience by the end of the month. As someone who used to provide 1:1 business coaching, I know first hand how important it is to have passive income. Or at the very least a digital product that doesn't necessarily depend on me to constantly show up.
If it wasn't for passive income, I wouldn't have been able to enjoy vacations when i was coaching. And I definitely wouldn't have been able to spend several months on maternity leave. Don’t get me wrong, coaching was an incredible opportunity that allowed me to not only see just how much I was capable of making as a business owner (the money was good ya’ll) but it also helped me to get a better understanding of what my audience needed. But it did feel good to be able to take a break from coaching every once in a while and not have to worry about how i was going to bring in money.
I often tell my clients to start out with offering a service because of some of those very reasons. A better understanding of your client and also the consistent income. But i also recommend it bc once you can nail down your process, you can then turn that service into multiple different products. Which in return allows you some flexibility in your session schedule, increases your income and also meets your audience where they are. Not everyone may be able to afford your high end service at the moment but being able to give them a few other options is a great way to serve those who may not have it in the budget to work with you but still need your help.
So in this episode i’m going to share with you a super simple process for taking your service and turning it into 2 different types of digital products!
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EP 109: How To Turn Your Service Offering Into Two Different Digital Products