Creating Your Own Subscription-Based Software Why Create Your Own Software 1. Can be totally automated and become a truly passive income stream Set it.

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Presentation transcript:

Creating Your Own Subscription-Based Software

Why Create Your Own Software 1. Can be totally automated and become a truly passive income stream Set it up once Outsource tech support Get monthly income Never touch it again

Why Create Your Own Software 2. Low competition - most people in your niche market are afraid to touch it

How Software Works There are two kinds of software: Downloadable (sitting on your desktop) Web-based (sitting on a web site)

How Software Works Input - Output Logic (if...then)

How Software Works Example:

How Software Works Example:

How Software Works Software can save information by connecting to a database You can connect software to any shopping cart through a thank-you page

How to Come Up With a Great Software Idea Survey your market Look at downloadable software

How to Come Up With a Great Software Idea Study specific target market

How to Come Up With a Great Software Idea Look inside what you teach

36 Things You Can Simplify, Automate, or Make More Fun WritingSpeakingPlaying ThinkingOrganizingRelaxing SearchingTrackingCalculating MeasuringPlanningDecision-Making InspiringMotivatingEstimating ReportingCollectingShowcasing RememberingSellingDiscovering LearningExercisingTesting ManagingCreatingProtecting DesigningPresentingTransitioning SharingTeachingAnalyzing PracticingConnectingPredicting Collaborating

Subscription Software Examples ($5-$10 a month) Helps improve brain health and performance through games

Subscription Software Examples ($9.95 a month) Allows coaches and trainers create self-assessments for coaching, training, tracking, and marketing purposes

Subscription Software Examples ($47 a month) Helps group leaders organize & track their members’ information

Subscription Software Examples ($29.95 a month) For fitness trainers to create workouts, schedule clients, and train clients over the internet

Subscription Software Examples Diane Wing’s “Pathways” - Tarot card reading software

Subscription Software Examples Created by Nicola Bird for coaches, trainers, and educators to deliver their expertise online

Marketing Your Subscription Software Integrate it into everything else you’re doing Build educational front-end for your tool Refer to it inside your products, programs, s, newsletters, and workshops

Getting Started Main purpose Big idea Core features Start small Post it as a project on: or

Two More Recurring Revenue Streams You May Be Leaving on the Table Right Now! Affiliate Income Built Into Your Existing Products and Services Payment Plans for High-End Products and Programs