52: 5 Reasons Why Starting a Digital Product Business is Perfect for Health Professionals

If done correctly – creating digital products can help nurses build authority within the industry which may lead to more opportunities down the line.  Not to mention, access to a global market where they can reach customers across different countries and cultures who appreciate their expertise and experience. Tune in to this episode to learn why a digital products business can open up potential for your quality life in a healthcare career.

 

Episode Show Notes

Every day, healthcare professionals face the challenge of finding ways to make ends meet in the current economic environment. As a result, we have witnessed changes in the workforce as some health workers opt to resign, others switch professions, and others still choose to be full-time or part-time entrepreneurs. 

Of course, for most working professionals, the biggest challenge is always the time and capital to start a business. We address these in this episode of Nurses X's and O's.

What's covered in this episode:

• Capital investment requirements for starting a digital product business
• Less expenses overall in terms of overhead costs, considering marketing is done online and without limitations to market geographically.
• Why it is the ideal passive income generator for busy professionals
• Implementation, execution and delivery for digital products works for nurses.

Resources mentioned in this episode:

The Post-Covid Syndrome: Repositioning the Nursing Profession for a Post-Covid Era:

The Network Nurse guide to launching a digital products business:

Get your free resources here.. https://thenetworknurse.com/free-products/

We are also at.. https://www.facebook.com/networknurse/

https://www.instagram.com/networknurse/

Episode Transcript

(00:00):
Hey, it's Tanika Bruce, also knownas Coach Bruce or the network nurse.
I'm a registered nurse, anauthor, a leader, a doctoral
student, a wife and a parent.
Join me on this journey to discuss nurseXs and o's from nursing, the networking.

(00:20):
With my experiences, failures, andlessons learned in leadership, business,
and sports, my hope is to positivelyimpact your life by challenging
you to chase after your goals.
With relentless pursuit,let's aim to achieve success
beyond your wildest dreams.
Healthcare professionals facechallenges of finding ways to make

(00:42):
ends meet in the current economic.
So as a result, we've witnessed changesin the workforce as a lot of healthcare
workers opt to resign, others switchprofessions and still others choose to
be full-time or part-time entrepreneurs.
And of course, for most workingprofessionals, the biggest challenge is

(01:04):
time and capital to start businesses.
So we address these inthis episode of Nurse Xs.
My desire is to help improvelife quality and empower as many
professionals as possible in ournetwork to become excellent nurse
leaders and innovative entrepreneurs.
Now I've shared more about how we asnursing professionals can remember

(01:27):
to care for ourselves as we provide.
Care for others in my book, the PostCovid Syndrome, repositioning the
Nursing Profession for a Post Covid era.
You can check that out.
There's a link in thedescription box below.
I hope it helps you have better controlover your work and life and healthcare.
Now let's get back on trackwith our discussion on building

(01:48):
a digital product business.
This is part three of ourseries, so if you haven't.
Find the first and second episode ofthis series and listen to those as well,
whether you're a nurse or doctor or entre.
It can be challenging to find a way tosupplement your income without sacrificing

(02:08):
that time and your energy that ittakes to perform well in your career.
So starting a digital productbusiness makes so much sense
for healthcare professionals.
It's an opportunity to justgenerate additional income with
little overhead and no investment.
Now, with that, in.
Here's why selling digital products isa low risk path into entrepreneurship.

(02:33):
First, there's no overhead.
One of the top advantages ofhaving a digital product business
is no overhead cost associated.
Unlike other ventures, you don'tneed office space or equipment
or staff to get off the ground.
Let's take an.
An ebook.
All you need is writing experience andsometimes not even necessarily if you hire

(02:57):
a paid writer, this means that you canstart generating income without worrying
about major investments or cost associatedwith setting up shop online or otherwise.
Then you don't need to invest in.
Another great benefit is that youdon't have to worry about stocking
inventory or managing shipmentslike a lot of other businesses do.

(03:21):
So when you're selling digitalproducts online, your requirements
are access to internet connectionand a web hosting service.
You can create your own website and uploadyour products for purchase immediate.
Also, it's a passive income generator.
A digital product business can also bean excellent way for that passive income.

(03:44):
Over time, and since there's notany physical goods involved in the
transaction, customers pay once.
Then they have immediate accessto their purchase, meaning that
once someone purchases one of yourproducts, you're gonna continue to earn
money from them without additional.
This makes digital products anideal business for those looking
to generate passive income withouttaking on too much risk or effort.

(04:09):
Then minimal capital expenditure.
As I mentioned before, starting adigital products business requires
very little investment compared toother types of businesses, and all
you really need is access to theinternet and web hosting service.
That most people already haveaccess to and maybe some software

(04:30):
if needed, but even that can be donefor free and as exclusively online.
Being a business, digitalproducts demand little investment
compared to any other venture.
I don't know very many outsideof that, that you really have to
not worry about investing any.
Then there's no delivery necessary.
Finally, one of the best thingsabout having digital products is that

(04:54):
it requires no physical shopping.
So you've worked a long week,you're tired from your shift.
The last thing that you wanna dois go to the store or customers
the same way customers receivetheir purchases in this business.
Instantly, right after they pay online,they get download links or email delivery.

(05:16):
So it makes it incredibly convenient forthem and hassle free for you, which is
most important, this type of business.
It allows entrepreneurs in healthcare morefreedom when considering additional income
streams, giving you more flexibilityduring these uncertain economic times.
I've had to continue to explorethis business model with some of

(05:40):
my ventures and as a business.
I've also seen tremendous growthin the lives of my contacts
selling digital products.
So there you have it.
If you wanna learn how to startyour business selling digital
products, get ahold of our trainingmanual, which will link in the
description box of this episode.
Until next time, thanksfor listening thing.

(06:03):
Hopefully you guys like today's episode.
Make sure you don't forgetto subscribe to the podcast.
That's very, I.
And also connect with meon my social media pages.
And if you wanna know more aboutme, please visit tanika bruce.com.