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\n\n","recentPosts":[{"id":8686361,"title":"💡 Husband day care","slug":"husband-day-care","status":"published","readingTime":1,"campaignCompletedAt":"2025-04-07T20:13:55.000Z","publishedAt":"2025-04-07T20:13:55.000Z","orderByDate":"2025-04-07T20:13:55.000Z","timeAgo":"about 3 hours","thumbnailUrl":"https://embed.filekitcdn.com/e/dRt5QW5T7jhDvbCDfjC4Wz/2iKFnEyfTFrsRd7YyKLZ4o","thumbnailAlt":"","path":"posts/husband-day-care","url":"https://thelightbulb.developmyip.com/posts/husband-day-care","isPaid":null,"introContent":"Image via Google Street View I was headed out on a hike on Saturday and passed this Thai restaurant on the way. If you’ve spent any time in Seattle, you’ve probably noticed Thai restaurants are everywhere, so typically I wouldn’t have really batted an eye. But then I saw their sign. “Husband Day Care?” If you cant read it, it says: Need time to relax? Need time for yourself? Need to go shopping? Leave your husband with us. We’ll look after him. You’ll just pay for his drinks. To be clear, I...","campaignId":19001837,"publicationId":15562629,"metaDescription":""},{"id":8661245,"title":"💡 Q&A: Fractional exec engagements","slug":"q-a-fractional-exec-engagements","status":"published","readingTime":2,"campaignCompletedAt":"2025-04-04T20:21:42.000Z","publishedAt":"2025-04-04T20:21:42.000Z","orderByDate":"2025-04-04T20:21:42.000Z","timeAgo":"3 days","thumbnailUrl":"https://embed.filekitcdn.com/e/dRt5QW5T7jhDvbCDfjC4Wz/wHsEHpkx1MxMGWZJs2MwTm/email","thumbnailAlt":"","path":"posts/q-a-fractional-exec-engagements","url":"https://thelightbulb.developmyip.com/posts/q-a-fractional-exec-engagements","isPaid":null,"introContent":"As promised, here’s a bit of the fresh Q&A from my talk at Chief yesterday on the fractional executive consulting model: “How do you price fractional work aside from just converting an annual salary into an hourly rate? When do you use a retainer?” The most advantageous pricing approach for a fractional executive (and for the client as well) is a monthly retainer. This gets you out of the chore of time tracking, the pain of haggling over an hourly rate, and the perverse incentive of lower...","campaignId":18971768,"publicationId":15532324,"metaDescription":""},{"id":8651359,"title":"💡 Questions = feedback","slug":"questions-feedback","status":"published","readingTime":1,"campaignCompletedAt":"2025-04-04T00:06:46.000Z","publishedAt":"2025-04-04T00:06:46.000Z","orderByDate":"2025-04-04T00:06:46.000Z","timeAgo":"4 days","thumbnailUrl":"https://embed.filekitcdn.com/e/dRt5QW5T7jhDvbCDfjC4Wz/95824L7Ds3qUWxwaeTw6RP/email","thumbnailAlt":"short-coated brown dog","path":"posts/questions-feedback","url":"https://thelightbulb.developmyip.com/posts/questions-feedback","isPaid":null,"introContent":"During my time at Expedia, I built and taught an in-person course for fellow product managers about internationalization. Not globalization. Not localization. Not market expansion. A very technical engineering discipline called internationalization (i18n for short) that, in short, makes it easy for the same code to be localized into country- and language-specific formats. Sound boring? Depends on who you ask. The fun part, though, was traveling around with my manager Mark to different offices...","campaignId":18960099,"publicationId":15520515,"metaDescription":""}],"newsletter":{"formId":6449749,"productId":null,"productUrl":null,"featuredPostId":null,"subscribersOnly":false},"isPaidSubscriber":false,"isSubscriber":false,"originUrl":"https://thelightbulb.developmyip.com/posts/fmf-4-something-real-you-can-sell","creatorProfileName":"💡 The Lightbulb","creatorProfileId":1564896}A daily email about monetizing your corporate expertise. Give me ~1 minute a day, and I'll help you turn what you know into your most differentiated and lucrative asset.
So, you’ve now:
Now it’s time to make all of this real by designing your service — you know, the thing you actually sell. The most important thing to remember in service design is that none of it is set in stone. You’ll be free to tweak your services as you see fit — remember, this is your show... But you do want to have at least something set up so you don’t fumble the response to: “so, how do I work with you?” 1. Your helper persona First, spend some time reflecting on your ‘helper persona’: From #80 💡 Do it for them, or teach them how: These 5 personas provide a spectrum of service models, generally ranging from more tactical contracting to strategic advising. Stay focused on which would be the best way for you to help a client through their urgent problem. For example, is it to come in and ‘fix’ their problem on your own? Or to work with them to create a strategy and implement it? Or perhaps advise from a distance? You’ll probably have a gut answer of what you can do today, and different answer of where you’d like to get to. That’s ok. Start with the persona & service model closest to your genius zone. 2. An 'MVP' of your service Next, create an MVP (minimum viable product) of the service you’re envisioning. To do so, follow the 5 micro-steps in this series from July: #146 💡 From ICP to MVP: An async mini-series TLDR, create a service hypothesis, take it on a listening tour for feedback, refine it. P.S. 🪺 There’s an Easter egg in there - a free template for a service hypothesis. The offer still stands for you to email me your link for a free async review. 3. Setting your price And finally, set a price based on value, not time. Pricing can seem like a can of worms, so I created the Price Triangulation Mental Model (PTMM) that seeks to provide structure around fair and lucrative compensation for your engagements: #124 💡 The verdict: Follow the value price The model can be helpful whether you’re setting a fixed (’productized’) fee, or a custom fee by client. The takeaway: A revenue-based price can serve as your floor, but your price should align closely with the value you unlock. And don’t be afraid if it seems high. That’s what messaging is for 🙂 In sum, this is a lot to think through, but remember, your service is your product. The backbone of your business model. The delivery mechanism of your expertise. The vessel for your client’s relief. Take the time to arrive at something you feel confident in. Get feedback from the market. And understand it will always be a work in progress. Next up: We’ll finish up with efficient deployment of yourself as an asset 💡 -Wes P.S. Iteration on these steps is critical to a soloist's business model |
A daily email about monetizing your corporate expertise. Give me ~1 minute a day, and I'll help you turn what you know into your most differentiated and lucrative asset.