Do you have SaaP? (Productized Services)
Nancy Fox - The Productized Service Fox
Product WYZE?? guides consulting & fractional exec firms to scale with recurring revenue & subscription productized services | Service As A Product System - playbooks, courses, subscriptions, customized networking plans
Last year, Jason realized he had to change up his leadership training and consulting business.
His business development strategy had focused on leveraging one networking association (too many eggs in one basket) and he was experiencing high fluctuation in his revenue.
Further, he had to do an immense amount of traveling for too little income. Jason hit the breaking point and decided to productize his services.
Having watched so many others launch online courses, he decided to launch an online self-study course version of his on-site program along with ongoing group coaching for recurring revenue.
Sounds pretty good, right?
Wrong.
He created and videoed the entire 6 module program (it took him months and beaucoup dollars to get this developed.) To market the program, he posted about it on his website and sent a few emails to his network.
Result: The course and the membership produced only a tiny trickle of clients ??.
Why?
The unfortunate answer is Jason didn't know why his product flopped.
As is so common with folks who jump into the productized services space after seeing other success stories, they create and develop without understanding productization and don't have a savvy, vetted, productization strategy or a proven monetization / marketing plan.
It all could have gone very differently for Jason if he had learned the success essentials for SaaP - Service as a Product.
Productizing services for developing substantial monthly recurring revenue (without your presence required) is essential even when you are just starting out. Why? Because SaaPs are:
领英推荐
That's why I've created my upcoming 4-session Master Class Series, "Unleashing the Power of Productized Services."
I'll dive deeply into all the strategies and tools you need to successfully add productized services to your business.
Here's what you'll learn (email classes go right into your inbox):
Email Class Day 1 - June 17
Email Class Day 2 - June 18
Email Class Day 3 - June 19
LIVE Virtual Workshop Day 4 - June 20 (Zoom)
Avoid becoming a Jason. Join in for this complimentary and transformative series to discover how productization helps you scale, differentiate, and thrive in 2024 and beyond. https://fractionals.ai/productize
P.S. Yes, there will be a replay to the Live Workshop but you will not be able to get your questions answered live. Seats are limited.
Unload Your Workload. I help Founders of $2M-$6M businesses go from: “doing it all” → “equipping a Second-in-Command” → “hiring a COO” (so they can scale in a way that’s simple, clear & focused).
5 个月You are so right and thank you for being on the cutting edge, Nancy Fox -The Fractional Fox!
I help organizations in finding solutions to current Culture, Processes, and Technology issues through Digital Transformation by transforming the business to become more Agile and centered on the Customer (data-driven)
5 个月Sounds like Jason missed crucial steps! Productization requires a strategic approach, not just throwing content online. Nancy Fox -The Fractional Fox. your Master Class is a great way to avoid those pitfalls.
Empowering Leadership & Growth | Executive Coach | Vistage Chair | Peer Group Facilitator
5 个月I had this exact conversation with Tom Parker, CPA as he was working to productize some of his firm's services, Nancy Fox -The Fractional Fox. Another firm making this transition is Innovaxis Marketing lead by Sean Parnell. But many others, unlike Tom, have not thought through this strategy.
President, MBM Elevate | CEO Group Chair, Vistage Worldwide | Executive Coach | Accelerating Organizational Impact
5 个月Sounds like a valuable investment for those considering this business approach. Thanks for making it available Nancy Fox -The Fractional Fox