Ep. 282 Does Your Practice Need a Passive Income Product Suite?
Listen on your favourite podcast app like Apple Podcasts or Spotify.
In today’s ever-changing world, the healthcare industry and how people access information and education are evolving rapidly. This evolution has led many health professionals to consider whether their private practice needs a passive income product or a suite of passive income products. The answer is a resounding yes! Here’s why—and how you can make it happen.
What Is a Passive Income Product for Health Professionals?
A passive income product, or a passive style of product or program, is something that generates income without ongoing delivery or support from you. Once created and sold, the person goes through what is known as a self-study style product. They read, listen, watch, and take action on their own. Examples of passive income products include:
- Digital Downloads: Think PDF workbooks, guides, checklists, recipes, or meal plans. For non-dietetics professionals, consider any action-oriented tools you provide clients, such as plans, guides, or workbooks they can print out.
- Ebooks: These can be short, around 25 pages, or longer, even up to 200 pages.
- Self-Study Courses: These can include videos, audios, handouts, downloads, and guides. Courses can range from small, $19 products to more comprehensive offers worth up to $400.
Why Your Private Practice Needs Passive Income Products
- People Are Learning Online Without Support
Every day, people are learning for free through YouTube, podcasts, and social media. They are also buying low-priced digital products ranging from $7 to $300. These options are convenient, allowing people to access information at home on their computers, iPads, or phones.
- Create Flexibility and Prevent Burnout
Passive income products allow you to make more money and create balance in your life. The extra income from these products can help you work less, reduce one-on-one clients, and avoid feeling overwhelmed or exhausted. This can help you avoid burning out and giving up your practice altogether.
- Make Your Expertise Accessible
If you are a well-trained, experienced, knowledgeable professional truly getting results, creating passive products is important. Otherwise, you are allowing less qualified individuals to sell products and share information with your audience. Many people without your credentials or experience are selling courses and ebooks. By offering your own products, you can reach those looking for credible, professional information.
Who Are Passive Income Products For?
- Budget-Conscious Clients: Some people don’t have the budget to see you one-on-one but still want your expertise. Passive products can provide them with value at a lower cost.
- Time-Strapped Individuals: Many people are too busy or find it inconvenient to make appointments, book consultations, or navigate your website to figure out how to work with you. Digital products allow them to learn at their own pace, on their own schedule.
- People Looking for Convenience: Some clients prefer to learn independently, without the need for one-on-one support or community involvement. They value products that are accessible, convenient, and allow them to take action on their own terms.
The Power of a First Step
Passive income products also serve as a first step for new clients. By offering an affordable option like an ebook for $19 or a starter course for $99, you reduce the risk for potential clients. They can get to know you, experience your methodology, and gain confidence in working with you before committing to a higher-ticket offer or booking a consultation.
Real-Life Example: How Passive Income Transformed My Practice
I launched my first online program in 2013. It generated $7,000 and helped over 30 people who would never have attended a live workshop. This experience showed me how online products could help more people while reducing my workload. Later, I self-published a book called The IBS Master Plan, which had eight steps to help people with IBS. I included recipes and meal plans because of my background as a culinary dietitian. Every day, people reached out to me to share how they followed the book’s steps, used the recipes, and saw improvements in their health. This was a powerful example of how passive products can create real impact without requiring one-on-one sessions.
Conclusion
Passive income products are critical for health professionals in 2025 and beyond. They help you build a more sustainable practice, reach a broader audience, and create a better work-life balance. By offering digital products, you meet clients’ needs for affordability, convenience, and flexibility, all while expanding your reach and boosting your bottom line.
If you are looking for more support in creating a passive product suite or any type of online group program, membership, or course, check out the Healthcare Impact Academy Membership. You can learn more at healthcareimpactacademy.com or find the link in the podcast show notes or on my website. This membership offers templates, tools, and a step-by-step roadmap to help you create these products and help more people with less of your time.
I hope this article has been helpful! If you found value in this content, please share it, and let me know so I can continue to provide helpful resources. Thank you for reading, and I look forward to connecting with you more!
If you enjoyed this episode, you might also enjoy:
- Ep. 279 Introducing “Tiers” or Different Ways to Work with You
- Ep. 280 I’m Flipping this Company Upside Down – Here’s Why
- Ep. 281 Introducing Healthcare Impact Academy Membership
