How to Productize Your Services

What are Productized Services

Productized services are a specific approach to offering services that are designed and packaged to resemble and function like standardized products. Unlike traditional services, which are often highly customized for each client, productized services have a predefined scope, features, pricing, and deliverables that are consistent across all clients who purchase them.

Here are some key characteristics of productized services:

1. Standardization: Productized services involve standardizing the service offering as much as possible. This means defining a set of fixed features, deliverables, and processes that are the same for every client.

2. Fixed Pricing: Productized services typically have fixed and transparent pricing. Clients know exactly how much they will pay for the service, which simplifies the buying decision.

3. Predefined Scope: The scope of work for a productized service is well-defined and limited. Clients know what they will receive, and there is little room for customization or negotiation.

4. Efficiency: Productized services are designed to be delivered efficiently and at scale. This often involves automation, standardized workflows, and streamlined processes.

5. Scalability: Since productized services are standardized and efficient, they are often easier to scale as demand grows. You can handle more clients without significantly increasing resources.

6. Clear Marketing: Productized services are marketed as distinct offerings with clear value propositions. They are easier to market because the benefits and features are well-defined.

7. Customer Self-Service: In many cases, clients can self-select and purchase productized services without the need for extensive sales or customization discussions.

Examples of productized services include website design packages with fixed features and pricing, content writing services with predefined word counts and rates, social media management packages with set posting schedules, and SEO optimization services with standardized keyword research and reporting.

Examples of Productize Services

A list of productized services for your inspirations.

• DesignJoy: DesignJoy is a subscription-based service that offers unlimited requests, revisions, brands, team members, and native source files in the field of web development and coding. Customers have the option to cancel their subscription anytime.
• RestaurantEngine: Restaurant Engine simplifies the process of creating a professional website for your restaurant, allowing you to complete your restaurant's website project without the hassle (and added expenses) of hiring a web designer. They handle all things related to a restaurant's online presence at a fixed fee for the restaurant owner.
• Podcast Bookers: Podcast Bookers assists business professionals in securing guest spots on podcasts, enabling them to broaden their outreach and expand their audience.
• Outreach Artist: Outreach Artist offers a productized social media management service designed to relieve business owners and founders of the burden of creating content and maintaining posting consistency.
• Lead Cookie: Lead Cookie provides a productized lead generation service that acts as an extension of your digital sales team. Their focus is on LinkedIn lead generation and outreach, delivered in a meticulously crafted manner to achieve optimal results for your business.

How to Productize Your Services

Productizing your services means packaging them in a way that makes them resemble and function like a product, which can be more scalable, easier to market, and potentially more profitable.

Here are some steps to help you productize your services:

1. Identify Your Core Services: Begin by identifying the core services you offer. What are the most in-demand and repeatable aspects of your service offering? These will be the foundation of your productized services.

2. Standardize and Document Processes: Standardize your service delivery processes to make them efficient and repeatable. Document step-by-step procedures, create checklists, and establish clear guidelines. This ensures consistency and quality.

3. Define Clear Packages: Break down your services into distinct packages or tiers. Each package should have a clear scope of work, pricing, and deliverables. This helps clients understand what they are getting and choose the most suitable option.

4. Pricing Strategy: Develop a pricing strategy for your packages. Consider factors like the value you provide, market rates, and your competitors' pricing. Pricing can be based on a one-time fee, subscription model, or retainer, depending on your service.

5. Automation and Tools: Implement tools and systems to streamline service delivery. Automation can help reduce manual tasks, saving you time and improving efficiency.

6. Customer Onboarding: Develop an onboarding process to welcome new clients to your productized services. Provide clear instructions, expectations, and support to ensure a smooth transition.

7. Feedback and Iteration: Encourage feedback from your clients and be open to making improvements. Continuously refine your productized services based on customer input and changing market needs.

Productizing your services can provide numerous benefits, but it requires careful planning, execution, and ongoing refinement. Remember that the key is to offer value to your clients while maintaining efficiency and scalability.