What an outlandish headline, you have to be saying to yourself. There's no way you earn two thousand dollars in a single hour! Read on, and let me explain...
Over the last 2 years I have conducted a number of teleseminars that paid me much more than that for an hour's work. Not every one generated that much in direct attendee fees. However, they practically all generated several times that in fees plus residual earnings.
Like many others are discovering, it's a super-fast way to generate quick income.
Like many others are discovering, conducting a teleseminar is perhaps the quickest and easiest way there is to create an information product.
You:
- Choose a topic that's popular with your audience
- Outline what you're plan on covering
- If you don't have the subject matter expertise, find someone who does to help with the teleseminar
- Create a website to advertise the teleseminar and register attendees
- Notify your list and get others to notify their lists of the upcoming event
- Collect questions from those who sign up
- Use a free or rented bridgeline to conduct the teleseminar
- At the scheduled time, simply discuss the topic from your outline and questions submitted
- Record the teleseminar and have that teleseminar transcribed
Is it really THAT easy?
Yes. By following those simple steps above, you've just generated from a few hundred to a few thousand dollars in revenue. You've also created an information product that you can market for years to come.
It really is that easy, but I need to point out a few pitfalls to beware of. Things to consider are:
- Make sure that there is sufficient interest in the topic. Survey your subscribers and website visitors. Since teleseminars are very inexpensive to put on, they are also very low-risk.
- Consider renting a bridgeline instead of using one of the freebies. The freebies are supported by the phone companies because they benefit when you make long distance calls :-) The problem is that often these services allow too many calls to be scheduled on one trunk. Therefore, it's very possible to lose your line right in the middle of a teleseminar. I personally rent my bridgeline from e-teleconferencing.com
- Make sure someone is doing a backup recording of the call. I've never had the recording equipment at the bridgeline provider malfunction. However, if it did, you don't want to lose all of your hard work. Either learn to make the backup recording yourself or locate someone who can.
- If teleseminars are very popular in your niche, check to see if there are others planned for the same time that you want to do yours. There are certains days and times that are extremely popular.
- Consider offering reprint rights or licenses to the product generated from the teleseminar. Be sure to price the license so that it doesn't devalue the product. Whether or not you offer rights or licenses depends upon the purpose of conducting the teleseminar and what backend you have built in.
There is a lot of great information out there on how to properly conduct a teleseminar. My friend Kennon Fort even conducted a teleseminar on teleseminars. It contained a lot of information based upon YEARS of experience ... such as when is the absolute best day and time to conduct a teleseminar. If you want to grab a copy of the transcripts and MP3 recordings from Ken's teleseminar just visit: http://www.webmarketingmagic.com/app/aftrack.asp?afid=89884
Kennon also got a handful of very seasoned teleseminar hosts together and created a product called Teleseminar Blunders. He got internet marketing greats Ted Ciuba, Declan Dunn, Wade Thomas, Charles Burke, PHil Graham, Mike Stewart and myself to share with you some of the blunders we've made in hosting teleseminars.
If you are considering hosting a teleseminar, you should get the MP3 audio recordings and PDF transcripts from the teleseminar blunders call. You can get them at: http://therealsecrets.com/blunders.html
Identify a topic that there is a lot of interest in, study the materials that I mentioned, and then put on your own teleseminar soon.
To show that I practice what I preach, I've recently conducted teleseminars on: - How To Write A Cookbook - How To Avoid Merchant Account Rip Offs - How To Buy And Sell Reprint Rights Profitably - How To Master The Pay Per Click Search Engines - How To Move A Website/Change Web Host
Now that you see how easy it is to turn an hour of your time into thousands of dollars, what are you waiting for?