Archive for the ‘online product sales’ Category

Many people don't use their business potential to the full. It is relatively easy to focus on your every-day business; the sales and marketing, the product or service; and forget that you can leverage your business to perform far more than simple day-to-day operations.

If you're ready to turn your business into a serious money-making venture, it's time to think about hosting a Big Pay Day live event. Hosting a live event and turning it into a Big Pay Day is a perfect way to boost your revenue, increase your income and turn your business acumen into big dollars!

How do you monetize your event, and how do you create the opportunity to service your clients better and increase your earning capacity? Let me share a few of my secrets with you …

1. Launch a new product or service. You can also use your event to launch a new product or service for your existing business. If you're creating a new product line or have new services to offer your clients, launching them at your event is the perfect time to introduce the products and generate buzz.

2. Launch a high-end coaching program. Your Big Pay Day Event is the perfect time to launch a high-end coaching program. You're hosting an event because you are an expert in your niche. You could be sharing your expertise about your business field, or sharing the keys to your personal success. Use your event to share your expertise, and then launch a high-end coaching program to help attendees achieve their own success. It's a great way to monetize your knowledge.

3. Turn your event into a product. Don't forget that you can turn your event itself into a product. Take video of your event and launch a series of DVDs, or take the written materials from event and turn it into a book. Be creative, and think of ways in which you can share your event in the form of a new product.

4. Build your reputation in the industry. Building your reputation in the industry gives you two benefits: you can boost your existing business, and you gain the leverage you need to launch new products and services. While building your reputation in the industry might not yield direct revenue, it can lead to the acquisition of new clients, as well as creating additional business with existing clients.

Decide How to Monetize YOUR Event
When you're considering hosting an event, think about how you will monetize it. You can use any one of these strategies, or a combination of strategies, to yield revenue far beyond the registration fees you're charging people to attend your event. Start with one of these strategies and build on it, depending on what you have to offer and the resources you can leverage while you're planning the event. Think about your business plan and your business goals. Ensure your strategies are consistent with helping you achieve your goals and your BIG PAY DAY!

Bernadette Doyle specializes in helping entrepreneurs attract a steady stream of ideal clients. If you want to get clients calling you instead of you calling them, sign up for her free weekly e-zine at http://www.clientmagnets.com

Once your teleseminar is over, the income stops, right?   Wrong.

Whether you've chosen to conduct a free or paid teleseminar, it's only the beginning of your earning potential.   One of the things you can do to keep the money rolling in is to have your teleseminar transformed into a product to sell.

Maybe your participants want to see what they've just heard, in writing.   Or, maybe the teleseminar wasn't conducted at a time that was convenient for them, but they'd still like to learn about your topic.   Or, maybe they're anxious to share what they've heard with their friends, in concrete form.

If you choose not to offer a transcript of your teleseminar, there's no telling how much profit you could be losing.   Here are some guidance points for creating a transcript, and drumming up additional cash flow:

• Create a sales page for your transcript. Your teleseminar's registration page's text can serve as a basis for this.   You'll simply need to add some graphics and fulfillments.   A standard webpage will never sell a transcript.   You'll need real sales language…the kind you used to fill your teleseminar.

• Record your teleseminar. You can request that this be done through your phone service provider, who can send you an MP3 recording afterward, or you can purchase a recording device (like an Olympus WS-100) to record it on your own.   Then hire a transcriber to put it into writing.

• Hire someone to edit the transcribed text, so that it more closely resembles an article, with headings and sections, so that readers can easily access the information and sections that they're most interested in.   Typically, transcriptionists will type text that runs on and on, from one subject to the next.   Segmenting the information, and removing conversational elements, will make the document more reader-friendly.

• Hire a graphic designer to design a document cover for the transcript. This image can also be used in the sales letter.

• Decide if you'd like to offer digital transcripts on PDFs, or if you'd like to ship out hard copies.   Whatever your preference, hire someone to handle distribution (like 1ShoppingCart for instant, digital copies, or a company that specializes in creating on-demand hard copies, as orders come in).

• If you're planning to distribute paper copies of the transcript, don't sink a boatload of money into stocking shelves with copies waiting to be sold. It's more cost-effective to have copies created on-demand.   Even though it may cost a bit more per copy, you won't run the risk of losing your money in unsold, warehoused copies.

• The price of your transcript should range from the same as the cost of the teleseminar, down to a 25 percent discount.   Don't price the transcript higher than that of the original event, but at the same time, don't devalue the information just because it's not live.

• The selling of your transcript doesn't have to end when you hang up the teleseminar phone.   To the contrary, future customers might be interested in owning transcripts from teleseminars that took place before they were onboard.   Run promotions occasionally, highlighting a transcript.   Or, insert a blurb in newsletter, directing readers to a particular transcript's sales page (choose a transcript that's relevant to a current event or some other topic outlined in your newsletter).

Your teleseminar is like a flower seed.   You plant it, care for it, and enjoy its benefits once it matures.   But once that flower withers, your enjoyment of its advantages doesn't have to end.

Harvest the seeds from that flower.   Plant those seeds by mentioning the availability of transcripts as you close your teleseminar, create transcript sales pages, insert newsletter blurbs, and promote your transcripts as the profitable products that they are.   Continue with this practice, and soon, you'll have an entire garden filled with a rainbow of limitless income.

Bernadette Doyle specializes in helping entrepreneurs attract a steady stream of ideal clients. If you want to get clients calling you instead of you calling them, sign up for her free weekly e-zine at http://www.clientmagnets.com

Lots of people have an abundance of ideas. You've probably got so many ideas that you don't know where to start - and all the ability you need in order to implement every one of those ideas, too.

But, just because you can doesn't mean you should. When you've got so many ideas that you don't know what to do, you will half-do everything.

The key is to focus on the one or two ideas that can really bring in the big wins for you. Putting your time, energy and talent into those ideas will step up your business by enabling it to run more smoothly and be more productive.

Here are some rules to live by to help you choose which ideas you should implement.

Follow the 80-20 rule.
80% of your revenue will come from 20% of your assets, meaning that 80% of the money you make will come from 20% of your clients.

When you know this up front, it is much easier for you to plan. You should be following through on the ideas that will appeal to your top 20%. Design products and programs and solutions for those clients, because that's where four-fifths of your income is coming from.

Worry about the lower priced stuff later. Most people do this the opposite way, thinking   that starting with low priced offerings and then building up to Rolls-Royce or VIP programs is the right way to plan. Don't miss out on the big opportunities because of that way of thinking.

Look at your time.
The primary reason most people can't follow through on an idea has to do with the way they allocate their time.

Put your time into ideas that can and will produce income. Part of achieving a new revenue goal is about allocating your time differently. You'll have to stop spending time on certain things and start spending time on other things.

As obvious as that may sound, it's amazing how many people ignore or overlook that. Listing your assets and listing the differences in the 80% of your revenue coming from 20% of your assets will show you how much time you can spend per idea or project, essentially telling you what you need to spend your time on and what you need to stop doing.

Think in terms of project income.
Don't just think in terms of monthly income anymore. Instead of planning your year month by month, try planning quarterly, from a financial aspect, but also plan around big projects. Three or four big projects should be sufficient.

The income streams from these projects will help you decide which ideas to pursue. If you've got a revenue goal of $250,000, which projects will get you there and at what times?

The key is not to do all of them at once. There is a connection. What you want is to have one project build momentum for the next project, which builds momentum for the next project, and so on. It's important that you plan strategically, that you've got a long range plan and that all of the elements make sense.

You can't help but come up with ideas; it's how and why your started your own business in the first place. Just choose which ones you will follow through on, and when, to make the absolute most of them.

Bernadette Doyle specializes in helping entrepreneurs attract a steady stream of ideal clients. If you want to get clients calling you instead of you calling them, sign up for her free weekly e-zine at http://www.clientmagnets.com

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