🪖 As always, a welcome to all new subscribers. And a big thank you to all you loyal readers. In this week’s issue: The markets, latest news, creating a digital product, and the latest contracting and federal job openings. Other than that, there is a poll at the bottom of this newsletter. Let me know your thoughts!
Create a digital product.
Look at the income numbers from freelancers across any niche, and you’ll notice 2 things:
1. On average, freelancers reach an $$$ ceiling
2. The ones who do break through that ceiling, are all doing the same thing…
They’re not just selling their services.
They’re selling digital products.
In this week’s side hustle, we’ll share how you can create a digital product so you can open up an whole new revenue stream that allows you do 1 very neat thing:
Without you investing in real estate—or stressing about logistics.
STEP 1: Clarify your value
Doubling back to last week’s post (i.e. how to make money from consultations), we’re beginning at the same starting point:
The assumption is that you have some experience/insights, or of course a service, that people would gladly hand over their dollars for.
But to turn that into a digital product, ask yourself this clarifying question:
What challenges were your customers facing that you solved for them?
Which you’ll morph into a product.
STEP 2: Start minuscule
If “full course” is what gets conjured in your mind when you hear about digital products: this is your door to rethink.
Full courses can take a month to a year to make,
which defeats the main objective of a side hustle:
To get up and running fast.
Instead of a 24-module, bonus-packed course, try making:
A short guide
All which could be done within 1 caffeine-fueled sitting.
Figured out your value and turned it into a small digital product?
1. Get a single-page website
2. Set it up to accept payments (easy to do in 2023)
3. Don’t overthink it, just launch it.
Of course, once it's live, the next big Q is:
How do I get interested eyeballs on it? (that aren’t my in network or current clients)
For that: be with you next week with a complementary side hustle.
✉️ If you’re interested in going deeper into various financial topics, we recommend these newsletters:
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