Why the decision to Sell Digital Downloads from your online store and membership site will simplify your advertising strategy, reduce the number of products you need to promote and maximize your monthly net profit through recurring income streams.
Once you establish this framework and harness the power of selling digital downloads through an online store and membership site, you can almost completely automate your income generation process.
To fully understand this, consider your entire product line as increasing levels of intimacy and cost.
- You have COMPETITIVE Products (Low Selling Price + Simple To Create + Highly Competitive + No Interaction Required)
- You have DISTINCT Products (Reasonable Selling Price + Simple To Create + Less Competitive + 10% to 15% Interaction Required)
- You have BREAKTHROUGH Products (Higher Selling Price + Unique Skill Required To Create + 16% to 40% Interaction Required)
- You have The VAULT (Highest Selling Price + Super Specialized Skill Required To Create + 41% to 75% Interaction Required)
Watch a short video of Alan Weiss explaining these 4 categories of product using the Accelerant Curve (Running Time 7:30).
This new way of seeing your product line (solutions you’ve already created and solutions you will create later) can be summed up:
Trust and Intimacy with a customer have to be built over time. But once they’re built, they’re an unstoppable force. This is pure value.
Expanded trust creates loyalty.
Loyalty eliminates competition.
By eliminating your competition, you can focus on building community.
Community means recurring income.
Get out of the COMPETITIVE Products only category.
But have these as part of your overall Customer Onboarding and Value Exchange Accelerator…
A process we’ll teach your called COVEA.
You’ll also learn The 12 Stages of Intimacy for Business (a must-have if you want to create a thriving community of Super Fans, Supporters and Clients).
When you use this business model and target 1,000 True Fans with a $25 monthly recurring Distinct Product, you’re looking at $10,000 Net Profit monthly.
Do the Math!
With Only 1,000 True Fans paying a $25 membership fee, you can generate $10,000 per month in Net Profit when your expenses do not exceed 60%.
Equation 1: 1,000 x $25 = $25,000 (TURNOVER)
Equation 2: $25,000 x .40 = $10,000 (NET PROFIT)
And this is not just business expenses, but also personal “monthly routine” expenses, charity and savings (so that you can bank the majority and invest a “reasonable percentage” of the NET Profit).
This is how YOU (as a wealth-builder) will secure the future of your family.
Consider what you can do with $10,000 monthly profit.
- You can create a safety net for unexpected economic disasters like COVID-19.
- You can live independently of employer rules which do not support your personal and lifestyle goals.
- You can express your inner creative and have time to figure out the more challenging, yet increasingly rewarding problems that fascinate you.
- You can invest time and resources to become more attractive, romantic and sexy… AND get the love you want and deserve.
- You can buy peace, relaxation and calm (because some battles that you engage in are environmentally influenced).
- You can be more assertive since the rules of fear no longer impact your decisions.
- You can experience a sense of power through your ability to help others eliminate their key frustrations and annoyances.
- You can spend more time gaining spiritual enlightenment to simplify HOW you do life and achieve results.
- You can build up your bank and investment accounts for short and long-term financial security.
Join the Academy today.
STOP Thinking small.
START Thinking Legacy.
START Thinking Intimacy.
START Thinking 1,000 True Fans.
By building community and selling digital downloads as a component of your Membership Enterprise, you position yourself and your company to serve your 1,000 True Fans over the course of their entire life… which means you are set for life and you can leave an inheritance for your children, grandchildren and God-children!
Filed Under: how to sell digital downloads, sell digital downloads, selling digital downloads