Oftentimes when people look to create New Revenue the immediate thought is to go and create a digital course.
While this isn’t an incorrect thought, there are various ways to create new revenue in your business, than a course.
To give you some ideas here are a list of information product & services that might peak your interest:
INFORMATION PRODUCTS
Something you create once and can sell to an unlimited number of clients. This is based on your knowledge and can be delivered online. This requires more time upfront for creation.
- Audio or Email Course
- Online Conference or Summit
- Audience Challenge
- eBook or Print Book
- Online Bootcamp or Workshop
- Signature Program
- Templates or Framework Downloads
- Comprehensive Checklist or Resource
- Workbook or Planner
INFORMATION SERVICES
Something you do and deliver to one or a few clients at a time. This is based on your knowledge and can be delivered online. This requires more time to fulfill after the product has been sold.
- Individual Coaching
- Group Coaching
- Implementation or Accountability
- Structure Community
- Audit or Report
- Implementation Workshop
- Done-for-You Service
- Done-with-You Service
- Subscription Service
#truthtalk.
Having the list of ways to create and vet your New Revenue ideas means nothing if you don’t have an audience to sell to.
Building an audience is crucial to the success of your online business. Once you have that audience it’s important to nurture them.
In the end, there are lots of opportunities to grow your business with New Revenue.
Ah, thank you for saying this! I’ve seen too many business owners get seduced by the idea of creating digital courses, when it really doesn’t make sense for their strengths or business model. Thank you for reminding us all that we ALWAYS have options. (And that building an audience isn’t enough – those relationships need to be nurtured over time.) Brava!