What types of profitable services should be sold this year? If you’re considering mentoring and consulting, you’ve got just a few.
Success in the dynamic business realm hinges on embracing current trends and evolving customer demands.
Therefore, the list of profitable services you should promote and monetize in 2024 challenges conventions or traditionalisms.
If you are a visionary entrepreneur seeking to stand out in today’s competitive market, we invite you to be increasingly innovative and disruptive.
When we tell you that this will be an excellent year for profitable service businesses, we are not exaggerating.
This truth cannot be refuted: today’s buyers know exactly what they want and are more willing to hire high-impact, high-value services.
In simple words, your purchases are not impulsive. On the contrary, they are very thoughtful, and their priorities are more precise than ever.
Would you like to know what exactly they want in terms of services? Today, we tell you more and show you the opportunities that will revolutionize the business landscape in 2024.
TYPES OF PROFITABLE SERVICES THAT YOU CAN MONETIZE IN 2024
Since there is no time to waste, we will tell you which are the profitable services that will offer you higher margins and profitability in the immediate future:
1. Quick Earning Services
They are commonly known as “Quick Wins” and are currently being highly rated by customers.
Without a doubt, they are an excellent alternative for those clients who need to achieve a specific result instead of multiple results at the same time.
Highly segmented, or niche, consultancies fit very well into this category.
Because? Essentially, they identify specific niches within your industry and offer specialized solutions.
Get this: Customers value tangible results, and by focusing on specific solutions, you can provide quick and effective responses to their challenges.
Do you want an example? Let’s say you specialize in vegan food.
In that case, you could design a consulting service to learn how to prepare plant-based milk in just two days.
You see it? You would offer a concrete and precise solution instead of overwhelming or confusing your ideal client with many results.
This is how “quick wins” services should be structured, always guaranteeing maximum value and unsurpassed quality.
2. Group mentoring
You don’t need to invest thousands of dollars in group and in-person mentoring. You can do them digitally, improving margins and results.
Although the essence of mentoring will remain the same, this online format will offer you a greater degree of practicality and flexibility.
Break geographic barriers by bringing your mentoring into the digital age. Take advantage of online platforms to facilitate group mentoring, providing flexibility to participants.
McCarthy Mentoring reported that 76% of professionals believe mentors are crucial to enhancing their growth.
Investing in mentors has many benefits. Here we share some of them:
advice, consulting or mentoring
This year, 1:1 advice, consulting and mentoring are selling like hotcakes.
The consulting services market size could exceed $354 billion by 2024 and rise to $447.72 billion by 2029.
The good news is that its demand will continue to expand at a dizzying and important pace in the coming months.
Because? It’s simple: they offer customization and prioritize the Individual approach.
In 2024, customers will look for solutions adapted to their specific needs.
Dive deeper into how to customize your 1:1 services to address each client’s unique challenges and get ready to bill like never before with these cost-effective services.
In parallel, your operations must focus on your clients, and you must do everything you can to satisfy their requirements ethically and professionally.
3. Deliverable services
The list of deliverable services aimed at the high margin is pervasive. But, even so, there is one that is literally “on fire”.
It has to do with launching a podcast. You can offer the service of creating templates or scripts to implement this format in a more organized and faster way.
Examine the increasing desire for audio content consumption and explore strategies to leverage this burgeoning trend to initiate sales based on convenience.
Believe it or not, that is one of the qualities your clients value most, and they rarely need to improve on it.
4. Unlimited recurring services
With these services, you give an open letter to your clients to contact you, dispel their doubts, advisors, mentor them and much more.
For this type of unlimited service to be profitable, you need to set a competitive price and, above all, make sure it is high-margin.
You can offer a consultancy with a beginning and an end. That is, for 30 days, your clients will be able to ask you unlimited questions about all aspects related to the minimalist remodelling of their homes.
