In this episode, Tom discusses how to create a profitable and portable business by selling high-end digital products and services. He emphasizes the benefits of digital products, highlighting three key reasons:

1. Low Cost: Digital products are cost-effective to create.
2. No Inventory: You don't need to stock physical inventory.
3. No Employees: There's no need for additional staff to produce or ship digital products.

Tom shares a personal experience of working while on vacation and how a portable business model can allow you to serve clients and create content from anywhere. He then covers four types of digital products:

1. Ebooks: Tom explains that creating informational products can generate passive income over time, making them a lucrative option.
2. Webinars: Tom expresses his interest in webinars as a means to provide in-depth content and engage with an audience. He mentions that Zoom is suitable for hosting large webinars and integrates well with platforms like Facebook Live and YouTube.
3. Courses: Tom discusses the growth of online learning and recommends using Loom for creating online courses. He mentions that Loom offers a free option for recording videos up to 5 minutes long.
4. Coaching/Consulting: Tom notes that coaching and consulting services can be offered remotely and outlines different options such as 1:1 coaching and group coaching. He also mentions using PayPal for setting up monthly payment options for coaching services.

Tom encourages the audience to explore these digital product opportunities to build a portable business that provides flexibility and financial rewards.

Website: www.tomclairmont.com

Online Course: Solopreneur 90 Day Launch Plan

Receive weekly tips and perspective emails from Tom on having a professional online business HERE.

www.tomclairmont.com

Support this podcast at — https://redcircle.com/solopreneur-success-path/exclusive-content