Info Products – What to Sell?

September 25, 2008

The problem with MANY people in the information marketing business is that they frequently do not know what to sell. What is their default? They try and get into the business of selling people HOW TO MAKE MONEY products. Absurd and RIDICULOUS!

First off, if you are just getting started in the info products business you have no business trying to sell other people how to do the same. Why not start with selling something that you know? Take a look at your background, both professionally and personally and look at those possible topics.

Take a look at your own life and list all of the things you have done. Then put together a separate list of all the things you know something about. You’ll be surprised at how long the list will be. After you create that list, you’ll then have to take an intersection of what you know and what can actually make you money.

Think LONG TERM.

When you look at your opportunities, make sure and factor in the longevity of the opportunity you are considering. Whenever I do a seminar, I always remind people that there are two types of products that you can produce, TIMELY and TIMELESS.

When I use the word timeless I’m referring to any and everything that will “have legs.” What I mean is which products can you produce where there will still be demand for them 3 or 4 years from now.

I hope this will help you get started. Don’t get started trying to sell products on how to make money. It makes NO sense.

Info Product Marketing Tools

September 23, 2008

If you create, market and sell info products, there are some GREAT tools that you can use to help you catapult your business into the stratosphere.

Video Category

In the area of video, as an information marketer you have to be able to capture video quickly and easily. The best tool I’ve found for this is the Flip Video. The low end model costs around $100. It is so easy to use a 1st grader can do it. AND, the picture quality is not bad! It’s got a USB connector so when you’re done shooting your video, you just attach it to your computer and it downloads the digital video file.

YES, you can get fancy and I DO own a Canon XL-2 that cost me a lot of money, but for the info product marketer who is on the go and doesn’t have time to break out the manual and learn the features of a high-end camera, this is perfect.

GET ONE.

Audio

Info marketers need to have a system to record audio. Whether it’s in person over the phone or on the web, you need a way to capture audio to package it and resell it.

I use a Marantz PMD 660. I also own the Marantz PMD 670. They are basically the same machine except for some additional features on the 670 that aren’t necessary for most information product marketers. I highly recommend that you use either one of these devices.

I love the fact that both “capture” the audio on flash memory cards. These are easy to use, store a lot of audio and is easily downloaded onto your computer.

Screen Capture Program

As a Mac guy I have always been jealous of my PC friends for having a program called Camtasia. I’m no longer jealous. We Mac folks now have a program that’s as good or better than Camtasia. It’s called ScreenFlow. 

Any info marketer will want to record some things they do on their computer to show to their customers. Whether you use Camtasia or ScreenFlow, they are necessary components for your success.

Online Shopping Cart System

Everyone who markets information should have a system that takes orders, sends out auto-responders, tracks ads and more. I use a program called WebMarketingMagic. It does everything I need as an information marketer and it’s all in one piece of software. I suggest you get a copy if you don’t already.

These are just SOME of the tools you need as an information marketer, but they are all essential.

King of Marketing (A Fable)

September 22, 2008

Once upon a time there was a king. A very rich King. Although the king was both rich and wise many people said the king was unhappy. Some even called him grumpy.

The country that the King ruled was called Marketingrea.

This King had many subjects and followers. He even had a close group of advisors and subjects he kept in his court.

All of the subjects and advisors honored the king and bowed down to him. They attended his meetings and paid him homage. They invited him to attend and even speak at their events. He would always oblige as long as many pieces of gold and silver were given to him.

There was one BIG problem. The King was very used to stretching the truth. Seeing that the King did this, his subjects did likewise. They thought that since the King did it, it had to be right.

Many people followed the king and his subjects lead and made lots of money.

For many years the followers of the King and his group of advisors stored away riches. They all used the methods and schemes that the King had taught them.

Then one day it was revealed to all of their followers that the King and his minions were playing fast and loose with the facts. Limited time offers that were not limited. Scarcity offers that were not scarce. Guarantees that were not being honored. 

The King did everything he could to stop the stampede of his people, but alas, nothing could be done.

The mass of people NOW knew the truth. Now they were angry. They turned against the King and his minions. All the riches they had all made were quickly consumed and were not replaced.

The King was now penniless. The same was also thecase for his followers. Everything was lost. What had they done wrong? They had violated the people’s trust.

 

THE END

Info Product Perfection?

September 21, 2008

Too many people try to make info products that are perfect.  BAD IDEA!

I would prefer to see you get products out there quickly and worry about making them perfect later. I always use the line in the information marketing business that DONE is better than PERFECT.

I am 1000% convinced of the accuracy of that statement.

The issue/problem that most people have with this philosophy is that you may get your “stuff”out their and be embarrassed. Some worry that people will get your products and be upset by some technical detail that you haven’t done quite right.

I sometimes have my dogs barking in the background. Do people care? NEVER if your content is superior. I have NEVER gotten a product returned for any “production” related issue.

Don’t get me wrong, I’m not telling you to  intentionally create inferior products. BUT,  you are NOT an audio or video producer. 

Your goal is the win the contest with your banker. NOT to be considered a genius producer.

In the info products business you have to create all types of products. Audio, video, written material, software and and a variety of other possibilities.

There is NO way you can be an expert in all of these areas. Concentrate on what you can do best and do it.

Although you should have products eventually developed in each of these areas, the ones that come easiest to you should be created first.

That way you’ll be out there as quickly as possible. 

Remember, the only person you have to impress is your banker! You do that by getting the products out there and making money. You can always update and redo them later.

People want CONTENT. Give it to them! Want to learn how to do all this? Come to one of two events. Either the Info Products Seminar or the 7 Day Info Bootcamp!

Info Products Bootcamp (Update)

September 13, 2008

Hey there!

I’m cheating a little bit here. I’m right in the middle of one of my one week bootcamps here in Las Vegas. I’m fortunate that my friend and attendee, Karyn Greenstreet of Passion for Business is taking great notes. I wanted to share them with you.

Here are the notes thus far:

Fred Gleeck’s Info Product Boot Camp

7 Steps
1. Select a niche
2. Create a product
3. Write the copy
4. Create a website
5. Drive traffic to the site
6. Convert traffic, sell products
7. Upsell to more products and more expensive products

Glen Livingston – Market Research for Selecting Your Niche/Content

1. www.killersurveytool.com

2. Find out what people want FIRST, then create your product (and how to prioritize chapters, etc.)

3. Benefits of PPC from a market research perspective – study the language, questions and concerns of the people who are actually shopping, vs. a prospective survey that asks “what would you so”

4. Do the research instead of guessing, or assuming you know what people want.

5. Write the PPC ad exactly as you would if you really had the product or service to offer (instead of surveying them when they click)

6. The presence of competition is good; they will do a lot of research for you

7. Keyword selection helps to determine the “need” or “conversation” the buyer is having in their head.  (Guinea Pig vs. Guinea Pigs). Have them land on a different landing page based on the keyword they search for.

8. On average, people do 5 search terms to try to find what they search for

9. Term: “hyper responsivity” (20% of the people really answer your surveys over and over again.)

10. What people say they’ll pay is not a good indicator of what they’ll really pay. You can ask them “how much do you think the product should cost?” but don’t use it to actually price the product, but more to get a sense of whether they’ll pay a high price or a low price.

11. To do:

a. Choose your keywords

i. The longer the keyword phrase, the closer they are to a buying decision

b. Set up a survey

i. 6-7 questions

ii. Set the scene: I’m interviewing experts soon

iii. “What is your single most important question about x?”

iv. “How difficult has it been to find information about this while searching on the internet today?”  (what “not frequently asked questions” have been asked, and answered for free?) What is the information that people just can’t find for free?

v. “Why were you searching for information on x today in particular?”  Is this a periodic search, or have they reached a crisis point? What is the context under which they’re searching.

vi. Gender, age

vii. “Searching for yourself vs. someone else?”

viii. “Part of the country you’re in” (if appropriate, like Lyme disease differs from parts of the country)

ix. See sample survey:  www.allaboutlymedisease.com

x. Reward: “I’ll gratefully give you a FREE copy of the completed Lyme Disease interviews as soon as their done!”

c. Create PPC ads that send them to the survey

i. Create separate ads by keyword “all about SEO” lands on a page called “all about SEO”; “everything you ever wanted to know about SEO” lands on a page of that page

ii. Ad 1 promises general benefit: “all about SEO” (doesn’t tell them they’ll take a survey).  If they click off the survey, you can tell “market heat”…how much they think they can find it for free by hitting the Back button. (Hitting the back button is a strong estimator of risk: how hard will it be to be successful in the market?

iii. Aim for 4-7 spot, to avoid the click-happy people

 

Creating Your Product Funnel

1. Know, up front, that you’re going to create a line of products within a series of price points

2. Start with price points list

3. Ask yourself: what do you have (or what can you create) that can fit into each of these price points

4. Do you cover each of the modalities of learning: audio, video, reading, classes, etc.

5. What do you have to offer for free as an enticement?

6. Niche: how small do you have to get it before you can “own it”?

 

Tools to Produce Products

1. Books, ebook: 

a. You’ll need a word processor, like Microsoft Word, to do the writing. 

b. Create an ebook using PDF creators, such as Adobe Acrobat Professional or PrimoPDF (free).

c. If you’re concerned the people might send a copy of your PDF ebook to a friend, imbed “bounce back” offers in the text to capture the new reader’s email (both your own products, and affiliate sales of someone else’s product)

d. “as a registered user of this ebook, you’re entitled to some valuable bonuses: a, b, c” This may encourage them to purchase the book.

2. Audio:  

a. Audio Recorder: Marantz PMD660 (or PMD670) audio recording device to record onto a Flash card. It has 2 XLR inputs that allow you to connect professional microphones to it, with a “Y” cable that allows you to have 2 microphones connected via the Y cable into the one mono port on the PMD660.

b. Microphone: Shure Beta 58A directional microphone (point the mic towards you; it records from the TOP of the mic, not the SIDE).

c. You can create your own studio by hanging moving blankets on walls to block the sound that bounces off of hard surfaces (like walls, hardwood floors, etc.): www.soundblankets.com (takes you to www.silentsource.com)

d. Also, check out www.whisperroom.com (self-contained sound-proof studio)

e. Two ways to record audio: solo sitting in a room by yourself, or interview with another person (adds energy and dynamic)

f. You can also record live events, like seminars, speeches, or teleclasses. Make sure the audience is well-mic’d. Repeat the question the audience member asked.

g. THAT-2 Telephone Handset Audio Tap (www.jkaudio.com)  device allows you to adjust the “talk” person’s voice level and the “listener” (teleclass audience) voice level to be even.

h. Use MP3 format, sample rate between 96kbps – 128kbps.

3. Video

a. Most important thing to know: you need good lighting

b. You don’t need a fancy camera for video to show over the web. A 3-chip camera is sufficient. You can probably find an adequate camera for $500.

c. Make sure the camera has a good XLR microphone input.

d. Invest in a good tripod. Get one with a “fluid head” so that there’s no jerkiness when moving, panning, etc. (recommended: Manfrotto 501)

e. A “Flip” video camera is good for capturing quick video on the fly. (www.theflip.com) Great for video blogs, YouTube videos.

f. If you have a Mac, you can use ScreenFlow to record video, and Video Hub to convert the movie to a Flash file.

g. You can also use http://www.mediaconverter.org/ to convert audio or video files online.

Creating The Product

Questions or Benefits from Jose’s interview:

1. recover every dollar spent in marketing

2. learn how to make – and deliver – on your restaurant’s promises

3. how happy employees and vendors can make or break your marketing efforts

4. how the internet can cripple your marketing efforts

5. why focusing on bringing in more clients isn’t the best strategy for growing your business

 

Shawn Doyle – Leadership Development in the Cable Industry

http://www.sldoyle.com

SLDoyle1@aol.com

My name is Shawn Doyle, and I speak ‘Cable’

Edited an existing book and changed about 10% of it to be specific to the cable industry.

Once you become an expert in a specific industry, the industry itself helps you to figure out how to serve them.

Some of his income comes from licensing training materials and programs.

He re-uses materials: book, audio CD, podcast, articles, keynotes, half-day session, full-day session.

 He has 7 books on leadership, motivation and creativity. He encourages people to self-publish, both for better speed of publishing and for higher profits.

 He also has CDs, which he tweaks the content to make it towards the cable industry. He has a recording studio in his town that he uses.

 Also will create e-learning modules, then again tweak the modules for the cable industry.

 He’s also going to set up the Cable Circle of Success ($29/month) (subscription)

He’s discovered 4 specific groups re: cable industry on LinkedIn.

Shawn believes you must have a ton of products – if you’re competing with someone else and in comparison you have so much more product than the others, you have instant credibility.

Normally charges corporations $5,000 a day, but is willing to give a discount of $2500 a day for corporations that also licenses his materials.

In his licensing package: 12 leadership modules, $500 per student, 3 year license, facilitator guide (checklist, timetable), learner’s guide, PowerPoint, may be willing to debrief for a day (train the trainer). He doesn’t print the student materials…he sends it to them via PDF and the corporation prints it. If they also want to buy some of his books, he’ll give them a 20% discount.

Write the Copy

1. Write 40-50 headlines for your product to help you get the “right” one.

 

Dave Hamilton – Technology aspects of an online business

http://webmarketingmagician.com

Action Items

1. Check out Google Analytic’s adtracker rotation system

2. update mastermind marketing conversion stats spreadsheets  ”mastermind ebook marketing testing.xls”

3. How can you create something where people will give you $x per month, over and over again?

4. http://surveys.tlgonline.com/MasterSurvey.cgi -tool that Glen Livingston uses to embed a survey onto his page) Must be part of his Lunar Pages hosting package?  TLGOnline is The Livingston Group.

5. www.coolblogtool.com – domain name with forwarded affiliate link (buy your own domain, don’t use affiliate link)

6. http://yourfirstinfoproduct.com/ – bob bly wrote the copy about his experience of working with Fred.

7. Contact attorney, David Frees (Malvern), re: licensing vs franchising law dfrees@utbf.com

8.

Web Resources

1. www.selldomainsforprofit.com – set up your own domain registry (GoDaddy is the wholesaler). Create your own domain where you will have a “private label version” of GoDaddy’s domain registrar.

2. go to www.killersurveytool.com (Glen Livingston’s site)…get free audio

3. Affiliate Elite software monitor PPC ads (on your keywords). Helps you to insolate the handful of competitors in the market who are really making money (because they continue to advertise and spend money) vs everyone else. Then compare what the successful ones are doing vs. the unsuccessful ones.

4. www.speakerfulfillmentservices.com

Information Products Financials

September 5, 2008

I just spent the last 4 days going over my business and where I make my money. I do this a couple of times a year and suggest that you do the same. What I found was pretty shocking this time.

I discovered that I was spending close to 40% of my time on activities that had not (and may not) pay dividends for the next year. This is not a good way to spend your time as an info products marketer. 

As long as what I’m doing is fun, I also want to make certain that my activity is advancing my total business efforts. For much of what I did over the last 6 months, that was NOT the case. So, what to do? 

I have decided to completely scrap all of the activities in that 40% category.

I suggest that you conduct a similar audit of your business and see whether or not your activities are generating you the kind of business that you want. Mine was not, so I’m changing things.

It’s great to be having fun, but I also want to generate income from my efforts. That’s why they call it BUSINESS and that’s why I’m making some changes.