How do you productize a solution?

Productization is the opposite approach. Instead of creating a unique solution for each buyer, you create the same solution applicable to all of your buyers. Instead of an intricate, custom service — you rely on the same process. This process — or series of steps — delivers the same outcome for each client.

What does it mean to productize something?

“Productize” refers to the process of developing a process, idea, skill, or service to make it marketable for sale to the public. Productization involves taking a skill or service that has been used internally and developing into a fully-tested, packaged, and marketed product.

What is productized model?

The productized services model allows agency owners, freelancers, and consultants to break out of billing by the hour or per project and instead invoice by sets of services rendered.

How do you productize services in accounting?

So, before we jump into creating productized service packages for your firm, let’s take a look at some pros and cons….

  1. Define Your Customer.
  2. Define the Outputs and Scope.
  3. Define Scope Creep (and where it can seep in)
  4. Define the Costs (in Time and Money)
  5. Determine Your Pricing.
  6. Package and Market.

What is a productized service and why should you start one?

A productized service is often created out of a service that you’ve delivered before as a freelancer or at a previous job. That means you’ve already seen first hand that clients/companies have been willing to pay for such a solution.

How do you Productize knowledge?

If you’re not sure where to begin, here are a few of our recommendations to get started:

  1. Write a Book. Books are one of the oldest forms of productized knowledge.
  2. Develop an Online Course.
  3. Start Group Coaching Program.
  4. Create an Elite Membership Site.
  5. Host a Live Event.

Why You Should Start a productized service business?

Revenue comes easier and faster A productized service helps you sustain your runway longer by getting your first customer revenue in the door faster and easier. As a value-added, “Done For You” service—often targeted at businesses—you can charge a higher price.

How do you package your knowledge?

How do you convert a product to a service?

7 Tips For Turning A Service Offer Into A Product And Scaling

  1. Productize Your Services.
  2. Simplify Things.
  3. Systematize Production.
  4. Turn Your 1-on-1 Work Into A Group Offer.
  5. Record Everything That You Do.
  6. Take The Repeatable Systems And Turn Them Into Products.
  7. Look For Opportunities For The Back End Of Your Sales Funnel.

How do you turn your skills into cash?

Let’s get right into it:

  1. Offer paid consulting.
  2. Teach.
  3. Put your knowledge into an e-book.
  4. Paid memberships.
  5. Subscription services.
  6. Affiliate marketing.
  7. Upsell to former clients.
  8. Increase how much you charge your current clients.

What is productization and how does it work?

In essence, productization lets you multiply the units of service you can sell, as if you were selling a product. When you offer a professional service for a living, your earning potential is limited to the amount of work you can do. To earn more, you’ve got to do more.

What is a productized service?

A productized service packs the skills and know-how of a service provider into a standardized solution for a narrowly defined target customer. It’s offered at the same scope and price and delivered systematically across all clients. The result is a high-quality service that requires less effort to sell and fulfill.

What is’productize’?

What is ‘Productize’. “Productize” refers to the process of developing or altering a process, idea, skill or service to make it marketable for sale to the public.

What is productized consulting?

Just like a product, productized consulting… And just like services, productized consulting also… When you create a productized service, you’re not creating a unique solution for each buyer. That said, you are able to market your solution as unique to each buyer in sales conversations because unlike a product, you are working with the client.