{"id":1845,"date":"2021-10-05T07:00:00","date_gmt":"2021-10-05T07:00:00","guid":{"rendered":"https:\/\/profitmeetspassion.com\/?p=1845"},"modified":"2021-10-04T15:37:53","modified_gmt":"2021-10-04T15:37:53","slug":"ebooks-courses-group-coaching","status":"publish","type":"post","link":"https:\/\/profitmeetspassion.com\/ebooks-courses-group-coaching\/","title":{"rendered":"The BEST Way to Make Your Online Business Profitable (3 Options!)"},"content":{"rendered":"\n<p>If I told you that you could start your business today and have made your first $1,000 just one month later, that\u2019s something you\u2019d want to hear more about, isn\u2019t it?&nbsp;<\/p>\n\n\n\n<p>There is a way you can start your business PROFITABLE. But you have to be strategic.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"1000\" height=\"733\" src=\"https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/Ep.-24-Header-Image-1.gif\" alt=\"\" class=\"wp-image-1996\"\/><\/figure>\n\n\n\n<center><iframe loading=\"lazy\" src=\"https:\/\/anchor.fm\/profitmeetspassion\/embed\" height=\"102px\" width=\"400px\" frameborder=\"0\" scrolling=\"no\"><\/iframe>\n<\/center>\n\n\n\n<blockquote class=\"wp-block-quote has-text-align-center is-style-default\"><p><strong>This content <strong>was<\/strong> also shared on my podcast<\/strong>.<\/p><cite><strong>You can listen to the episode by pressing the play button above, or click the button below to subscribe to the Profit Meets Passion podcast, and listen on your podcast player of choice.<\/strong><\/cite><\/blockquote>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-100 has-custom-font-size is-style-fill has-normal-font-size\"><a class=\"wp-block-button__link has-white-color has-text-color has-background\" href=\"https:\/\/profitmeetspassion.com\/subscribe\" style=\"background-color:#156064\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to subscribe to the podcast!<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Why you need a digital product<\/h2>\n\n\n\n<p>I\u2019ve talked about this before, but ICYMI, having a digital product ready to sell is crucial to making your business profitable. You can have all the followers in the world, but if you\u2019re not selling them anything, you\u2019re leaving money on the table.&nbsp;<\/p>\n\n\n\n<p>Side note: I share the same belief for you if you have \u201conly\u201d a few hundred followers. These followers don\u2019t care that you don\u2019t have 1,000 or 10,000 followers. They\u2019re interested in what you have to say because they believe you can help them. So why wouldn\u2019t you give them an opportunity to learn from you via a digital product so they can get a bigger transformation?<\/p>\n\n\n\n<p>Chances are you already have an amazing idea of what you want to share with your people. What you need to do now is decide how you\u2019ll get the info out there!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What kind of digital products sell best?<\/h3>\n\n\n\n<p>Consider how people learn best when you\u2019re choosing the medium for your digital product. Some people are visual, and prefer a follow-along slideshow format. Some people learn best by listening. And others need accountability in the form of a live group program.&nbsp;<\/p>\n\n\n\n<p>I\u2019ve made money from the following three digital products, and so can you!<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"1000\" height=\"733\" src=\"https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/1.jpg\" alt=\"\" class=\"wp-image-1998\" srcset=\"https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/1.jpg 1000w, https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/1-600x440.jpg 600w, https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/1-300x220.jpg 300w, https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/1-768x563.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">Ebooks<\/h4>\n\n\n\n<p>Ebooks are a low barrier to entry for small business owners. Anyone can create and publish one and the traditional format is appealing. Let\u2019s go over when to create an ebook \u2013 and when it\u2019s a waste of time!<\/p>\n\n\n\n<p><strong>Pros<\/strong><\/p>\n\n\n\n<ul><li>Appeals to people who prefer to learn via reading<\/li><li>No membership platform needed. A downloadable PDF works!<\/li><li>Works well for volume selling<\/li><li>Totally passive once it\u2019s created<\/li><\/ul>\n\n\n\n<p><strong>Cons<\/strong><\/p>\n\n\n\n<ul><li>Time consuming to create<\/li><li>Lower perceived value in people\u2019s minds<\/li><li>Same level of buy-in commitment (up to $197!)<\/li><li>Buyer less likely to take action<\/li><\/ul>\n\n\n\n<p><strong>When to create an ebook<\/strong><\/p>\n\n\n\n<p>Ebooks aren\u2019t the quickest or easiest way to create a profit. I recommend creating ebooks as an add-on value, instead. Bundled together with a higher-ticket item, you create more incentive to purchase something more \u201cexpensive.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"1000\" height=\"733\" src=\"https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/2.jpg\" alt=\"\" class=\"wp-image-1999\" srcset=\"https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/2.jpg 1000w, https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/2-600x440.jpg 600w, https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/2-300x220.jpg 300w, https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/2-768x563.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">Online course<\/h4>\n\n\n\n<p>Online courses are an easy way to appeal to different learning styles, so they\u2019re hugely popular. The price point is higher, but still reasonable for many people. Here\u2019s why I prefer an online course to an ebook \u2013 but not to a group program.<\/p>\n\n\n\n<p><strong>Pros<\/strong><\/p>\n\n\n\n<ul><li>Higher value, higher price point, higher potential profit<\/li><li>Helps buyer take action and get results due to the investment<\/li><li>Great for busy people who need to listen to the content rather than read<\/li><li>Totally passive once it\u2019s created<\/li><\/ul>\n\n\n\n<p><strong>Cons<\/strong><\/p>\n\n\n\n<ul><li>Can take a while to create assets<\/li><li>Can be expensive if you need to outsource the creation<\/li><li>Can be time-consuming to learn a membership platform<\/li><li>Lower level of buyer accountability since it\u2019s passive<\/li><\/ul>\n\n\n\n<p><strong>When to create an online course<\/strong><\/p>\n\n\n\n<p>An online course is great if you don\u2019t have the bandwidth for a live group program, but have more to communicate than you could in an ebook.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"1000\" height=\"733\" src=\"https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/3.jpg\" alt=\"\" class=\"wp-image-2000\" srcset=\"https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/3.jpg 1000w, https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/3-600x440.jpg 600w, https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/3-300x220.jpg 300w, https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/3-768x563.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">Group program<\/h4>\n\n\n\n<p>Live group coaching programs are my number one way to create a significant profit fast.<\/p>\n\n\n\n<p><strong>Pros<\/strong><\/p>\n\n\n\n<ul><li>Higher value, higher price point, higher potential profit<\/li><li>Quicker to create, since you don\u2019t need to pre-record<\/li><li>Great for people who aren\u2019t tech savvy<\/li><li>Better for those developing their own unique curriculum<\/li><li>Helps buyer take action and get results due to the investment<\/li><li>Helps buyer take action because they have support and accountability<\/li><li>Great for busy people who need to listen to the recordings rather than show up live<\/li><\/ul>\n\n\n\n<p><strong>Cons<\/strong><\/p>\n\n\n\n<ul><li>Showing up live can be too nerve-wracking for some (though it\u2019s an opportunity for growth!)<\/li><li>Not totally passive, as you need to enroll in cohorts and show up live<\/li><\/ul>\n\n\n\n<p><strong>When to create a group program<\/strong><\/p>\n\n\n\n<p>I truly think a group program is the best investment of your time and effort and turns the best profit. If you have all the resources you would need for an online course, consider pivoting to a group program instead.<\/p>\n\n\n\n<p>In a digital and virtual world, you can create your business and make it profitable entirely online. This is AMAZING. The internet is your oyster, so don\u2019t delay \u2013 find a way to get your message across to your unique audience with one of these digital products.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"683\" height=\"1024\" src=\"https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/Recipe-title-accent-bottom-2-683x1024.png\" alt=\"\" class=\"wp-image-1991\" srcset=\"https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/Recipe-title-accent-bottom-2-683x1024.png 683w, https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/Recipe-title-accent-bottom-2-600x900.png 600w, https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/Recipe-title-accent-bottom-2-200x300.png 200w, https:\/\/profitmeetspassion.com\/wp-content\/uploads\/2021\/10\/Recipe-title-accent-bottom-2.png 735w\" sizes=\"(max-width: 683px) 100vw, 683px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>If I told you that you could start your business today and have made your first $1,000 just one month later, that\u2019s something you\u2019d want to hear more about, isn\u2019t it?&nbsp; There is a way you can start your business PROFITABLE. But you have to be strategic. This content was also shared on my podcast. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2001,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_theme","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[20,27,21,26],"tags":[],"_links":{"self":[{"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/posts\/1845"}],"collection":[{"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/comments?post=1845"}],"version-history":[{"count":0,"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/posts\/1845\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/media\/2001"}],"wp:attachment":[{"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/media?parent=1845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/categories?post=1845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/profitmeetspassion.com\/wp-json\/wp\/v2\/tags?post=1845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}