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The Secret to Predictable Profits: Business Models Explained
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What does your business model say about you?
1). TIME - It’s the fastest and easiest way to get started. But it’s limited. You only have so many hours in a day. So there will always be limits to your growth.
2). PHYSICAL PRODUCT - More difficult to get started but much more scalable. However, there is typically an upfront cost to getting started.
3). DIGITAL PRODUCT - Easier to get started, scalable and MUCH more profitable. But each month you’re hustling for new customers.
4). MEMBERSHIP - Easy to get started, scalable, VERY profitable and low stress (because of the recurring sales each month). You’re never starting from zero but rather the momentum of the month before.
✨BONUS: There are of course some other business models like affiliate marketing (which can be a great way to get started). And if you were to go down this road, my recommendation is to promote digital memberships or software that pay recurring commissions.
The goal is always the same…
Get to a place where whatever you’re selling, you’re able to get paid on a RECURRING basis. That’s what creates predictable profits and stability.
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💥Follow @stumclaren for more digital marketing tips.
👍Share with a friend
Let’s make this year the best year yet!
1). TIME - It’s the fastest and easiest way to get started. But it’s limited. You only have so many hours in a day. So there will always be limits to your growth.
2). PHYSICAL PRODUCT - More difficult to get started but much more scalable. However, there is typically an upfront cost to getting started.
3). DIGITAL PRODUCT - Easier to get started, scalable and MUCH more profitable. But each month you’re hustling for new customers.
4). MEMBERSHIP - Easy to get started, scalable, VERY profitable and low stress (because of the recurring sales each month). You’re never starting from zero but rather the momentum of the month before.
✨BONUS: There are of course some other business models like affiliate marketing (which can be a great way to get started). And if you were to go down this road, my recommendation is to promote digital memberships or software that pay recurring commissions.
The goal is always the same…
Get to a place where whatever you’re selling, you’re able to get paid on a RECURRING basis. That’s what creates predictable profits and stability.
Like this?
💥Follow @stumclaren for more digital marketing tips.
👍Share with a friend
Let’s make this year the best year yet!