You can make big money by teaching your favorite things.
And do you know someone who can intelligently talk with you about that topic? Then you can make fantastic money by speaking.
Get started by first choosing your topic.
Use the same criteria you would use for creating any kind of info product. That is, are people willing to pay for this info?
Next, find a partner, preferably someone just as knowledgeable about the topic as you. Or someone who has complimentary information and knowledge to share.
Time to put an outline together of point that will be discussed.
Next, write an outline of what you will cover. Make sure the two of you agree on what will be covered and that you’re not leaving anything out.
Now talk on the phone and record the conversations using the conferencing service of your choice. It might take you one or several calls to cover everything and that’s ok.
Really more calls are better since the product you’re creating will have a higher perceived value.
Get transcripts made and create a package deal to sell.
Now get transcripts of the calls made, and sell the entire package as one product. You can do this from start to finish, and including transcripts and sales letters, in 7 to 10 days.
Result?
You’ll have a product you can sell for months and years to come. Split the profits with your partner, promote to both of your lists, place it on ClickBank, sell it through forums, etc.
I know people who’ve cleared $50,000 to $100,000 on a product like this. Splitting the profits with your partner, you would walk away with $25,000 to $50,000.
Not bad for spending a few hours on the phone.
Here is a blog post on making a product fast and make more money.
You might want to do it yourself and keep 100% of the profits.
This is the shortcut you probably don’t want to take and yes, you can do this by yourself.
Sure, you get to keep 100% of the profits after affiliate commissions. The problem?
Your product will almost certainly not be half as good as it would be if you had a partner who knew as much about your topic as you do.
Four reasons to NOT do this by yourself and you will make less.
First, there is a synergy and energy that develops between two people having a conversation that you just don’t get talking to yourself. Second, your partner is bound to have information and stories you don’t have.
Third, one person lecturing can be, let’s face it, boring. Fourth, a partner with their own list will double initial sales and help you to spread the word with affiliates, creating momentum from the first day you launch.
Can you make a recorded product by yourself? Absolutely, and some people have been very successful doing just that.
But everything else being equal, you’re almost always better off partnering with someone else.
Here are some tips for making calls and recordings.
Here are some great tips for making calls and recordings. Keep the energy high and the umms, errs, and ahhs to an absolute minimum.
Have fun, smile, laugh, and joke when appropriate, and give great, timely, usable information that will truly make a difference for your listeners.
Your value is to quicken their learning curve so be sure to do this to the very best of your ability, and not only will you make money once, but some of these customers will be eager to buy future products you develop in the future as well!
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