Ever thought about starting of opening an offline business of any kind? Like say a local grocery store. You’ll need a storefront, correct? And inventory and possibly full or part time employees, right?
If you try and open even a mom & pop style, single location pizza shop. Those used pizza ovens aren’t exactly cheap, right? And “if” you’re thinking of buying a franchise.
You’re definitely talking about investing some big bucks. (The investment is ongoing as well.) And if it’s an established franchise with a proven track record. You can bet the owner(s) will definitely want a nice chunk of change for it, right? On the other hand, what about you creating some type of digital products? Or providing some type of digital services?
Your cost are almost nothing by comparison, right? Think about it. A useful and extremely practical MP3 recording. Or an extremely helpful PDF (Portable Document File.)
Or a video series. A recording of a webinar. And in the case of a webinar recording. You or someone else creates it once. And you can create different types of cash flow generating opportunities from it going forward.
Or you can add additions to it. Or more advanced versions of it and make it more valuable. Sound like a plan or what? Continue reading