Women Entrepreneurs, Start & Scale an Online Service-Based Business

As the world becomes increasingly digitized, women entrepreneurs have been given more opportunities than ever to monetize their expertise and create sustainable, profitable businesses. However, many women struggle with scaling their businesses and reaching the six-figure mark and beyond. That's where I come in - I'm helping women entrepreneurs unlock their full potential and achieve their business goals by monetizing their expertise.

Less than 9% of women entrepreneurs are earning six figures and less than 2% of women entrepreneurs are earning a million (Lesonsky, 2023)

Monetizing your expertise simply means turning your knowledge and skills into something tangible that people are willing to pay for. For women entrepreneurs, this can mean creating courses, consulting services, or coaching programs that leverage their unique expertise and experience. But it's not just about creating products - it's about understanding your audience and what they need, and tailoring your offerings to meet those needs.

One of the first steps in monetizing your expertise is to identify your niche. What are you passionate about, and what are you uniquely qualified to teach or offer? For example, if you're a marketing expert, you might specialize in helping small businesses with their social media marketing. Or if you're a personal trainer, you might focus on helping new moms get back in shape after having a baby.

Once you've identified your niche, it's important to build your audience and establish yourself as an authority in your field. This might mean creating content, such as blog posts, videos, or podcasts, that showcases your expertise and helps people solve problems related to your niche. It might also mean building a community on social media or hosting webinars and events.

It's your turn to become an authority in your space - it's time to evolve into a thought leader.

From there, you can start to create products and services that monetize your expertise. This might include ebooks, courses, coaching programs, or consulting services. It's important to price your offerings appropriately - don't undervalue yourself, but also be mindful of what your audience is willing to pay. And don't be afraid to experiment with different pricing models or packaging options to find what works best for your business.

As your business grows, it's important to focus on scaling and sustainability. This might mean hiring a team, outsourcing certain tasks, or investing in marketing and advertising to reach a wider audience. It's also important to track your metrics and constantly evaluate what's working and what's not, so you can make data-driven decisions that support your long-term goals.

In summary, monetizing your expertise is all about leveraging your unique knowledge and skills to create products and services that people are willing to pay for. As a coach and mentor to women entrepreneurs, I'm helping them identify their niche, build their audience, and create offerings that scale and sustain a profitable business earning six figures and beyond. With the right strategies and support, any woman entrepreneur can turn her expertise into a thriving business.

Let's connect via social across all platforms - @drjenavargas

I'd love to hear your comments below to start the conversation.

References:

Lesonsky, 2023. Score. https://www.score.org/resource/blog-post/state-women-entrepreneurs