Part 4/8:
After a year of chasing ineffective strategies and only making $1,100 in total, Fred decided it was time for a crucial pivot. He recognized that the essence of the most profitable business models isn’t just about selling products—it’s about facilitating transformations. This insight led him to focus on high ticket consulting.
High ticket consulting involves offering expertise and knowledge for premium pricing, ranging from $1,000 to $5,000 per client, significantly lessening the need for hundreds of customers to achieve lucrative earnings. Remarkably, the business model can yield profit margins of 80% to 95%, making it financially appealing compared to traditional product sales.