Product vs. Service-Based Businesses (Which is Better and Why)
If you're curious about exploring more intuitive business know-how, check out our episode "Anatomy of a $100k Month in an Intuitive Business" where Michelle runs through what it looks like to make $100K with Holisticism's business model, and the six keys to accomplishing this in your own business. If you don't have a business yet or are spreading yourself too thin trying to juggle multiple revenue streams, following the six keys outlined in this episode can simplify your business goals and your life in the process. If you're leaking money, then you're leaking energy. While we can do anything, we can't do everything, so bring your pen and paper, your laser focus, and let's talk about scaling your business to match your dreams.
Do you know what's hot? Consciously consuming. Do you know what's even cooler than hot? Knowing the difference between which companies to invest your time and money in, and which ones are snake oil. In this episode, Michelle explains the difference between service-based and product-based businesses, their energetics, and how to navigate and evaluate them as a consumer, budding entrepreneur, or seasoned business owner.
“It’s really hard to discern between awesome, amazing, authentic companies in this world and companies that just have a really great brand and look really nice and shiny from the outside but aren’t. We live in this digital age where branding and imagery and perception can be misconstrued with the truth or reality.”
Listen to the episode on Apple Podcasts, Spotify, Anchor, Breaker, Google Podcasts, Pocket Casts, and RadioPublic
WE'RE DOING A MEGA GIVEAWAY!
We polled our community to learn what's on the wishlists of our favorite intuitive entrepreneurs, and put together a dream haul of all of your most-wanted products.
Enter here!
We hope you enjoy the episode, and plz don't be shy and HUP with your thoughts and Q's by texting us @ +1 818-699-9735. We'd love to hear from you!
P.S. If you text us @ +1 818-699-9735 with a screenshot of your podcast review, we'll send you a special treat! 🌟
“When you understand the types of businesses that exist and the energy behind them, you almost have x-ray vision because you’re able to pull the curtain back on the brands, products, and services that you might be thinking about buying from or getting involved with as a consumer. When you understand how the backend is running, that gives you more transparency on how the whole system functions.”
SHOW NOTES
00:06 – Podcast begins.
00:15 – Today’s topic: Product-based business vs. Service-based business
01:35 – Determine what kind of business model you are interested in based on the energy behind each
03:25 – Service-based business definition, pros, and cons
12:28 – Product-based business definition, pros, and cons
19:30 – Productized service definition
21:27 – Question: What type of business do you want to have? If you are a consumer, who do you want to support?
23:05 – End of the Podcast.
PEOPLE AND RESOURCES MENTIONED
Check out our amazing Intuitive Business Home Office Giveaway!