When picking products to market in your business, I’ve seen many people randomly stumble upon what they think they should be selling. They may have some success with that approach, but for most, the lack of planning and consideration doesn’t help them get closer to Financial Freedom.
Many business owners pick products based on the opinion of others, what they predict their market needs or my current favorite. They follow the newest trend, fad or idea that seems like a moneymaker.
But they don’t pay attention to how this new product will help them achieve their Personal Financial Freedom. Usually the thought never even crosses their mind. So they’re selecting products and services to market based on outside factors, not their Freedom.
In my opinion, this is all wrong and I’m Calling Bullshit.
I’m not saying they’re at fault. From my experience, they’ve just never been shown any other way to do this. They’ve followed what’s considered “normal,” and just like sheep, fall into line.
It’s About Time Business Owners were informed that there is in fact a right way to select products and services. Selecting your Product Suite is a crucial step in using your business as the acceleration vehicle to create your Personal Financial Freedom.
In today’s world, business owners and entrepreneurs are surrounded everyday by a thick smog of marketing, constantly bombarding us and gearing our focus towards customizing our business FIRST.
For instance, have you ever heard any of the following phrases?
- “Buy this e-mail marketing course.”
- “Get this landing page software.”
- “Buy Facebook, LinkedIn, etc. ads.”
- “Offer a subscription/membership service.”
- “Learn how to speak stage and sell.”
- “You should raise your prices!”
- “Get on news to build credibility.”
- “Start a podcast.”
- “Do a launch!”
- “Get your website SEO’d”
- “Start a coaching business.”
- “Create a Survey Funnel!”
- “Write a book, a report, a mind-map, etc.”
- “Learn how to write advertising copy.”
- “Learn how to do a joint venture.”
- “Hire someone overseas!”
All of those phrases are ways to customize your business.
Each could be great advice, but only under the condition that directly supports your Freedom. If they don’t support your journey to your Freedom then the action is likely not for you. So how do you determine which action is in your best interest? You must Customize your journey to Freedom.
The process I am about to share is about Customizing your Business Model to directly align with your Personal Freedom Number, based on the specific Business Model you have chosen.
(To find out more about the only two business models that exist to truly unlock Personal Financial Freedom you can read our book for Free here – “The Truth: The Real Secret To Building A Business That Sets You Free.”)
No more blindly following the latest hyped up marketing campaigns with no criteria to make strategic decisions. By the end of this process you will be clear on what your path to Freedom looks like, through your business.
In order to focus on the parts of your business that have the highest impact on your Freedom, the first thing we’re going to do is Clarify your “Magical Mix of Products and Services.”