Do you wish you had more flexibility and time for your family? Or maybe you're just tired of your current job, but enjoy aspects of what you do? Have you considered how you may pivot careers or pivot to a different business model with your current career?
Career pivoting is “doubling down on what is working to make a purposeful shift in a new, related direction.” - Jenny Blake
You can pivot careers by getting a new job focusing on the parts of your job that you love. I loved teaching, so I pivoted to become an instructional designer (which is designing training for adults). I also thought about being a consultant for an educational software company, or a family advocate for parents who don’t know what’s available for their children. But, it didn't give me more time for my family.
I pivoted again and started a traditional training development company. My goal was always to have more time to spend with my kids. But, I choose an income stream that took more of my time and required me to trade time for money (work an hour to get paid for an hour). Working through what I was doing wrong is how I decided to start a digital product online business. It allows me to work where and when I want to and focus on my strengths and passions. I never have to report to anyone or trade time for money.
The best part about this business model is using what you know to create digital products. You can use what you already have to make templates, tools, or e-books. They're quick and easy to create and don't take a lot of overhead or expenses. It’s doable even if you don’t feel like an “expert.”
There are a few key steps you can take to successfully pivot your career, start your own online business, and use your existing knowledge:
What are your biggest desires or goals for life? What do you want to achieve? What are you not willing to compromise?
Some people want to make more money. Others want more time freedom. And some people want to have a greater impact on the world.
Get clear on what you want, what your goals are, and the timeline you need to make it happen.
Based on my market research, my audience wants more time freedom, as I do. You also need to make more money and want to have an impact on the world. After you get clear on what you want, the steps below will help.
Which component of your career or job are you really good at? What part of what you do are you most passionate about?
The information below is an example, so you can see how to apply this concept to your own life and business. In real life, though, making assumptions about problems or solutions could lead to a struggling business. You need to figure out what your ideal customer’s problems are and what solutions they want/need from you by doing market research.
Let’s use the previous examples to think through who needs you…
Project Manager’s Needs - Project managers need better spreadsheets to manage and analyze data.
NOTE: Marketers and lots of other professions also use spreadsheets. But, the data and systems are different from what project managers need. So, if you understand project management, focus on the needs of project managers and how you are uniquely qualified to help them.
Realtor’s Needs - Realtors could benefit from your organizational expertise specific to their job.
Teacher’s Needs - Elementary teachers need ideas and templates for creating hands-on activities to achieve the goals of the lessons they design.
Choose 1 ideal customer and 1 problem that you can provide a solution to (use market research to figure this out).
There are intentionally 2 different kinds of people mentioned in each example to help you think about a specific person you enjoy working with. Your message won’t resonate with anyone if you use general terms like “project manager” or “realtor” - so get specific. You’re not excluding anyone by being specific. If it also applies to someone, they’ll say - “hey I could use that too.”
For each of these examples, let’s say that the priority in your life is time with your family.
You’ll make the most money per sale by hosting your digital products on your own website because you don’t have the fees that marketplaces charge you.
But, you probably don’t have a website or audience yet. You could wait until everything is perfectly aligned, OR start making money while building your business. You want to get started, right?
Here’s how to start making money while building your business:
Find a group of people online who are very similar to your ideal audience and ask them: “What’s the best online marketplace to find ______?”
The blank _____ is the type of tool you’re making: spreadsheet templates for project managers, done-for-you lessons and activities for teachers, etc.
It’s not likely that you’ll quickly make a full-time income hosting one product on a marketplace. Over the course of about 6 months, you can grow your digital product business to be a significant income stream. You can do it without spending 40 hours a week working on it. The key is knowing what to do next. Don’t get stuck in trial-and-error mode.
So, here’s what to do after you have one digital product if you want to grow your digital product business:
Some people will tell you to pivot careers by offering services - freelancing, consulting, or creating custom products. Basically, just doing what you do now, but on your own. What they don’t tell you is that offering a service is the quickest path to burnout, if you're trying to create more time for your family. Once you’re busy with clients/customers, you don’t have time to create a digital product business that will allow you to create the life you’re looking for.
How do I know? I did it - twice - before I realized I had chosen the wrong business model if time and family is my priority.
The reason people recommend starting with services is that it helps you learn what your ideal customers want and need. But offering services isn’t the only way to figure out what people want and need. Research is another great way to do that, which is why I teach you how to do market research before anything else. It’s a critical skill that you need to use over and over again. Research is the most essential thing you can do to influence the success of your business, no matter what income stream you decide to start with.
Once you know how to find the right people and ask the right questions, you don’t need to offer services. You can have more time with your family and scale your business (make more money) more easily if you serve many people through digital products.
So, while it’s tempting to start offering services, keep in mind that if time is your priority, services pull you away from growing your business and prioritizing your family. I wish someone would’ve steered me down a path that led me to my goal of spending more time with my family, even while I was growing my business.
But, if you really want to offer services, do it strategically:
As you can see, there are a few ways to pivot careers. The two most popular are to get a new job or start a business. It’s essential to think through the different income streams and decide which will get you closer to your life goals the fastest. You can be yourself and build a career that works for you.
How I can help: