Workshops, Trainings, Courses
Product-Based (Digital)
Barrier to Entry
2/10
Short-term Potential
1/10
Long-term Potential
4/10
Risk
2/10
Big Audience or Ad Money Required
No
Income Potential
$$$
Salary Research
$0 - Unlimited
Pros
- • If you’re successful, can be a lucrative income stream
- • Fairly passive
- • Can help people from beginning to end in a holistic way
- • Really fun at times to put your knowledge down into a repeatable consumable way
Cons
- • Tons of upfront work / costs before you even make a dollar (thousands of slides, recording videos, editing, setting up website / payment processing)
- • Requires a lot of experience in order to get to the point where you can create a valuable product that people will pay for
- • You have to put in the time if you want it to be valuable - if anyone could type in a ChatGPT prompt and generate an entire course, everyone would be rich
- • Not really passive, requires tons of maintenance (answering emails, fulfilling on the product, doing marketing and sales etc.)
- • Requires traffic / time building audience