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- 💡 Productized Services
Good Evening Odd Night family,
Tonight, we are introducing you to a revolutionary approach that’s changing the game: productized services.
Discover how to transform your expertise into a scalable, repeatable, and lucrative business model.
Here’s what we got for you today:
🛒 Learn the simplest way to productize yourself
👟 Trump releases new luxury sneaker brand
🎬 You can finally turn text into realist HD video with Sora
Today’s Drop 💼
🌐 Productized Services
🍿 The Big Picture:
A productized service is the golden bridge between traditional bespoke services and the scalability of products.
It's about offering a standardized package with set features and pricing, much like a product on a shelf.
Imagine having a clear, concise offering that customers can choose, purchase, and benefit from—consistently and predictably.
🛠 The Idea:
Unlock the power of productized services by turning any skill into a scalable offering.
This approach packages your expertise into predefined services with set prices, simplifying operations and enabling growth.
From design to SEO, and content creation, anything can be productized. It's about identifying what you're good at and matching it with market demand, making your business more manageable and scalable.
This strategy allows for straightforward outsourcing and ensures consistent quality, showcasing the broad potential of productized services across various industries.
Getting Started:
Identify a Problem:
Pinpoint a common challenge within your niche—be it the need for consistent graphic design, content creation, or digital marketing support.
Develop a Solution:
Create a scalable, efficient service model. For instance, fixed-price content packages that offer a certain number of blog posts or social media updates each month.
Build a Website:
Your digital storefront should clearly outline your offerings, allowing customers to easily purchase your services or book an appointment to learn more.
Market Your Service:
Leverage SEO, referrals, and content marketing. A referral program can be especially effective in growing your customer base.
Scale Your Team:
As demand increases, expand your team with freelancers or virtual assistants, ensuring you maintain quality and efficiency.
🔥 Is the Market Hot?
Businesses and entrepreneurs are constantly on the lookout for streamlined solutions that help them stay competitive without the overhead of traditional agencies.
🍞 Revenue Potential:
Examples like Brett from Design Joy, earning ~$120k in monthly recurring revenue (MRR), and newcomers like Apple Crider, with $20k MRR, demonstrate that regardless of experience, significant earnings are achievable.
🎯 Conclusion:
Stepping into the world of productized services opens up a realm of possibilities for entrepreneurs and service providers alike.
By offering standardized, scalable solutions to common problems, you can build a business that grows efficiently while delivering consistent value to your customers.
Tweet of the Day
You could make $75,000 per year and work 40 hours a week for the rest of your life for one company.
Or you could productize yourself, work for multiple companies, and make $25,000 per month.
Your choice.
— Brett @ Designjoy (@BrettFromDJ)
3:20 PM • Feb 11, 2024
Midnight Meme 😂
Odd Notes🕵️♂️
Snippets from the shadows
Just one day after having to pay millions in fines, Trump releases his own luxury sneaker brand.
Open AI release Sora, a new text to high definition, realistic video model.
South Korean researchers combine animal cells with rice to make hybrid beef-rice in attempts to fight climate change.
Until the next Odd Night, keep innovating, keep building, and let your curiosity be your guide.
Have a business idea that we could feature? Hit reply and share the 411. If we ride with your plan, you'll see your name in the credits. That a deal?
Disclaimer: This newsletter is educational, not financial advice. Exercise caution and conduct personal research before making investment decisions.