Let's Get You Closer To Financial Freedom👇
Building a business that generates consistent, high-value income is key to achieving your goals.
Instead of selling lots of low-priced products (for example: a $10 ebook), you could instead focus on creating high-ticket offerings...
It's going to be way easier to attract 2-20 people to buy a $500-$5k product or service than find 100 people to buy a $10 product, right?
Especially when you're starting out and might be doing this part-time, meaning you're low on time & resources for execution or budget to invest.
Why is this crucial to factor in to your business model for Financial Freedom?
Because when you're constantly chasing new customers to make ends meet, it can lead to burnout and overwhelm - which has the knock on effect of you either giving up, or not being able to show up properly in the right energy to run your business.
Trust me, I've been there!
If Financial Freedom is your goal, starting a high-ticket business from the start is going to make your financial goals MUCH more achievable - and you'll get closer to them, a lot quicker.
So, which business model is going to work best to get you closer to Financial Freedom based on your skill-set?
For The Creatives: You mentioned you love all things creative, which is amazing as creativity opens up so many options for financial freedom! Creative professionals who can package their work strategically are sitting on a gold mine.
Recommended business model for you based on your creativity: E-Commerce - Creating an online shop where you are selling products that have a high ticket and high-profit margin of 60% or more.
Think luxury goods, furniture, electronics, outdoor and adventure gear, etc - could be perfect for you. How to do it? Find a product you LOVE, create a brand around the product, set up a Shopify store, and get creative with the marketing to drive customers to buy from you.
This is a highly scalable business model as you can keep adding more products to your website and expand into additional sales regions. Making it the perfect fit to achieve Financial Freedom using your Creative skill set.
Another business model you could consider: Designer - Licensing your creative work to other businesses - design something once, then sell it to brands for them to use.
Example: You design a print, then sell it to a brand to use on their packaging/products/marketing imagery. You can set a high ticket rate for your creative licensing and then make it renew yearly, to generate retained revenue.
The amount of brands you could sell your creations to is unlimited - making this a very financially beneficial model to create Financial Freedom.
One more option for you: Creating a high-ticket creative course teaching your methods.
Create a course that shows people how to implement creativity in the unique way that you do it for yourself, use a platform like Kajabi to set it up, using your creativity to market the course through visual Socials, Pinterest or Ads, then sell it on automation at a high-ticket price point to generate Financial Freedom.
For The People Supporters: Your ability to support and guide others is incredibly valuable and can generate substantial Financial Freedom when your value is positioned correctly!
Recommended business model for you based on your desire to support people: High-Ticket Coaching or Mentoring - Package your expertise into premium coaching or mentoring programs for a niche you are experienced/interested in that deliver transformative results and justify prices of $2K-$10K+.
Example: You're a marketing expert, you know all there is to know about social media. You start offering social media marketing mentoring to people that DO NOT KNOW anything about marketing - charge $1-2k per month for your services on a 6-month retainer targeted within a specific niche.
When you start getting too many clients for you to handle 1:1 mentoring, you can scale this into high-ticket mastermind group programs. Allowing more people to work with you and a higher level of Financial Freedom.
You could also consider: Corporate online trainings: Create a training program that offers your skills to a corporate environment that lacks the knowledge you have, meaning they don't have to hire internally - they can use your program and you can support them through it.
(Example: trainings on leadership, mindset, languages, content creation, presentation skills etc)
The great thing about this model is there's no limit to how many corporate businesses you can sell this training to… You could agree on annual training rates with companies to ensure retained work, making Financial Freedom highly possible for you.
For The Problem Solvers & Analysts: Your analytical skills and problem-solving abilities are exactly what high-paying clients are looking for! When you solve expensive problems, you can command premium rates.
Recommended business model for you based on your analytical and problem-solving skills: Specialized Consulting Services - Focus on solving high-value problems in a specific industry where clients have significant budgets ($3K-$10K monthly retainers).
Example: A small e-commerce business that doesn't know how to properly analyze the data from their sales to benefit their business, you can jump in and analyze the data for them and consult on how to use it.
You could also consider: Course Creation - Creating a high-ticket creative course showing how to solve the problem or analyze the data.
Create a course that shows people how to solve the problem you know how to solve or how to analyze specific data that could benefit a specific type of person/business, use a platform like Kajabi to set your course up, use Ads to market the course to the person that could benefit from this, then sell it on automation at a high-ticket price point to generate Financial Freedom.
For The Techy Ones: Your technical knowledge is incredibly valuable in today's digital economy and can be leveraged to build substantial wealth!
Best business model for you based on your technical skillset: Product Designer - Build Niche Specific Technical Products - Focus on high-value technical solutions for businesses with meaningful budgets (websites, apps, systems) with pricing starting at $5K+.
Example: You see an opportunity for a Shopify app integration that doesn't already exist on the market - you develop this and then sell it to E-Commerce stores that could benefit on a monthly high-ticket retainer. Your high-ticket product is going to be the key for Financial Freedom.
Also consider: Tech-problem-focused high-ticket courses or consulting: Teaching others to easily integrate the technical skills you possess into their own business. Sell your technical knowledge to benefit another business for a high value to generate Financial Freedom.
For The Sales People: Your sales abilities are directly tied to revenue generation - making them incredibly valuable for achieving Financial Freedom!
Best business model for you based on your sales skills: High-Ticket Sales Consulting or Agency - Help businesses improve their sales processes or even handle sales calls on their behalf (with commissions or high monthly retainers).
Focus on a niche you already know well/have contacts in and onboard clients within this niche where you will essentially do their sales for them.
You can charge a monthly retainer fee on a 6-12 month contract + commission, making this highly viable model for Financial Freedom!
Also consider: Creating a sales training program for teams or building a lead generation business where you're paid per qualified lead.
For The Organizers: Your organizational talents can transform businesses and command premium rates when positioned as a strategic advantage!
Best business model for you based on your organization skills: Business Systems Integration - Help businesses create and implement systems that dramatically improve their efficiency and profitability (pricing $3K-$10K per project/client).
Example: Pre-create workflows for a specific niche ie: Mentors needing to onboard new clients using Dubsado and sell the system you've created and implementation to multiple businesses within your chosen niche.
You can then charge a retainer fee to help that business maintain the system and keep it up to date on a monthly basis to generate a higher level of Financial Freedom.
Also consider: Project Management or a Fractional COO - creating a high-ticket service where you support another business within your chosen niche on operational and organizational tasks within their business.
Example: You step into someone else's business to create standard operating procedures or team onboarding.
This could be a 6-12 month project at a high ticket retainer fee $2-3k per month. You'd only need a few clients per month to generate Financial Freedom.
I WANT FINANCIAL FREEDOM!If you haven't already...
You might want to check out my Find Your Freedom Model Masterclass
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