Digitalise your IP to create a passive stream of revenue
If you have a service where you guide or educate your clients (like consulting or coaching, for example) in order to achieve a particular business goal then you could digitalising this IP in order to create a pass stream of revenue.
Once in place, not only will your top take clients on a 1 to 1 basis as you do now, but you will also be able to service many more smaller clients on an automated level. You’ll essentially be opening your doors to impart your wisdom to a much greater audience.
Whats included in the Process?
The Key Steps to Monetising your IP by creating a Digitalised Version of your Existing Service
Here’s how we will go about identifying the perfect strategy to digitalise your IP and create a passive revenue stream:
Analyse and reflect on your current clientele
Talk to clients and others in the agreed industry
Review your current program and processes
Workshop the focus elements of your IP
Design and Development
Choose a targeted vertical and craete a user profile inline with your "perfect" client
Identify the top problem(s) that your target user faces that can be solved by your service
Highlight what parts of your IP can and should be digitalised
Create a software plan including user stories outlining how the digital program will work
A digitalised version of your face to face service available as a SaaS product
Successfully market your new platform to your target user-base and start earning a passive revenue
“James, co-founder of Devwiz, helped us to define exactly what we wanted to build. We were new to app designs as were our SMEs. He provided our team with patient guidance, so even the least tech savvy amongst us understood each step of the process. The process consisted of a validation workshop, where defined the functionality, and a design workshop where we created the UI for the MVP. James' framework for both workshops, really helped to make the process as efficient as it could be, which is so important any government industries. We are extremely happy with the results: a full Software Development Plan and complete UI designs (via InVision).”
"I’ve got a lot of knowledge about writing, communications and marketing – and, at the moment, because I enjoy helping people, I’m giving away all this knowledge to anyone who asks. James suggested creating an online consulting service with a monthly subscription fee: that way, the service is scalable and it generates a recurring revenue stream. I can heartily endorse Devwiz' tech strategy sessions."
Book a Strategy Strategy Session Today!
In this session we will start the process of highlighting how you could build an additional stream of revenue for your business. From a high end we will work through our tried and tested framework that is the basis for our Tech Strategy Workshops, which includes: