I see designers make these 6 mistakes ALL the time when starting a business...
Here they are + how to remedy them π
#business#productdesign#Designers
@SahilBloom 100% agree with this. People drastically underestimate what they can accomplish in one year.
I think many burnout before they even get that far.
Just 3 ideas to get you thinking - you could also combine these to create a unique model that fits your goals.
And there are many other business models out there to consider.
#freelance#design#business
Designers, here are 3 alternative business models that are more scalable, sustainable, and lucrative than freelancing...
And all around better for your mental health (no high-maintenance clients)...
#design#freelance#business#uxdesign
3οΈβ£ The productized model
My fav. Package service or expertise into a digital product (info or software):
β Info products are the lowest cost but require a lot of effort. Includes courses, eBooks, and communities
β Pricing strategy is crucial
β Add more over time
#design
π Think about recurring revenue for predictable income
This will allow you to scale much easier.
- Subscription services
- Paid communities
- Retainers/maintenance plans
This likely comes later after you've figured out your initial offering.
#design#business#revenue
Designers need a reality check if they want to start a business...
Perfecting a logo, brand identity, and website are the last things you should be doing.
β‘ Focus on these 10 things instead (so you can do the fun stuff later) π
9οΈβ£ Make it easy on yourself
Building a business is hard enough. Figure out how to save time, money, and effort. This can include automation, outsourcing, software, and other tools.
Tools like @zapier, @ConvertKit, @Kajabi are perfect for this.
#design#automation#business
8οΈβ£ Productize your offering
If you're offering a service, find ways to package and sell it as a product. This can help increase your revenue and create more predictable income streams.
Products > Services every time
#productdesign#business#design
7οΈβ£ Determine your pricing strategy
Research and understand your costs and pricing models in your industry to ensure your pricing is competitive and profitable.
#productmarketfit#design#business
6οΈβ£ Identify your unique value prop
Determine what sets you apart from your competitors and use it to your advantage. This is a big one.
#valueprop#design
5οΈβ£ Focus on getting your first paying customer(s)
Prioritize getting your first paying customer and getting feedback from them. Use that feedback to iterate and improve your offering, and repeat the process continuously.
#feedback#design#Creator
4οΈβ£ Talk to your ideal customers often
Regularly connect with your ideal customer persona to understand their pain points, challenges, and needs. This can help you create better products or services when the time comes.
#firstcustomer#desgin#uxdesign#business
3οΈβ£ Identify your ideal customer
Determine the characteristics of your ideal customer and target them specifically in your content and marketing efforts. This will also help inform what kind of content you should be creating.
#contentmarketing#design#business
2οΈβ£ Focus on building relationships
Instead of solely focusing on making a sale, prioritize building relationships first. This can help generate repeat business and referrals later on, but will also allow you to form relationships with future customers.
#design#relationship
1οΈβ£ Build an audience
Create content and engage with your target audience on social media or platforms like @substack or @Medium. This will help establish you as an expert and build trust. This is something you can (and should) always be doing, no matter what stage you're at.