EPISODE · Aug 6, 2024 · 22 MIN
Balancing profit and lifestyle: Designing your business model (Part 1)
from Imperfect Action · host Steph Taylor
I see so many online business owners trying to build a business without taking the time to intentionally design their business model. This not only leads to burnout and overwhelm, but also creates a business that doesn't align with your goals, or your lifestyle. In today's episode, I'm sharing 4 essential components of a business model that balances sustainability, profit *and* lifestyle.- The importance of intentionally designing a business model that aligns with your goals and vision.- Why visioning is crucial for business model design and decision making.- The 4 different types of online digital product offers and how these can be combined.- Using your vision *and* your offers to create an offer suite that serves your ideal clients at different stages of their journey.- Why pricing your offers correctly is so important, not just for profit, but also for avoiding burnout.- 3 common pricing mistakes and how you can avoid them in your business.SHOW LINKS:- DM me “OLSM” on Instagram (@stephtaylor.co) to find out more about “Offer Less, Sell More” or visit https://stephtaylor.co/offer-less-sell-more- Get my Daily Biz Booster emails: https://stephtaylor.co/DBB- 5 Simple Tweaks to Boost Your Launch Profits: https://stephtaylor.co/tweaks- Want me to spend a day working on your next launch? Book a VIP intensive: https://stephtaylor.co/vip- Get The A-Z Podcast Launch Plan: https://stephtaylor.co/plp-ig- Get a 30-day free trial of Kajabi: https://stephtaylor.co/kajabiLet's be Instagram friends: https://instagram.com/stephtay...
What this episode covers
I see so many online business owners trying to build a business without taking the time to intentionally design their business model. This not only leads to burnout and overwhelm, but also creates a business that doesn't align with your goals, or your lifestyle. In today's episode, I'm sharing 4 essential components of a business model that balances sustainability, profit *and* lifestyle.- The importance of intentionally designing a business model that aligns with your goals and vision.- Why visioning is crucial for business model design and decision making.- The 4 different types of online digital product offers and how these can be combined.- Using your vision *and* your offers to create an offer suite that serves your ideal clients at different stages of their journey.- Why pricing your offers correctly is so important, not just for profit, but also for avoiding burnout.- 3 common pricing mistakes and how you can avoid them in your business.SHOW LINKS:- DM me “OLSM” on Instagram (@stephtaylor.co) to find out more about “Offer Less, Sell More” or visit https://stephtaylor.co/offer-less-sell-more- Get my Daily Biz Booster emails: https://stephtaylor.co/DBB- 5 Simple Tweaks to Boost Your Launch Profits: https://stephtaylor.co/tweaks- Want me to spend a day working on your next launch? Book a VIP intensive: https://stephtaylor.co/vip- Get The A-Z Podcast Launch Plan: https://stephtaylor.co/plp-ig- Get a 30-day free trial of Kajabi: https://stephtaylor.co/kajabiLet's be Instagram friends: https://instagram.com/stephtay...
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Balancing profit and lifestyle: Designing your business model (Part 1)
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