7 Ways to Make Money in the Information Marketing Business in the Next 30 Days
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To build a solid business marketing and selling information products takes time. But, many people want to know: How do you START making money in the information marketing business RIGHT NOW?
I’ve come up with some things YOU can do immediately to make you money in the next couple of weeks. Getting SOME money coming in will motivate you and make you feel confident that this is the right business for you.
Here are a number of things that you can do to generate some FAST CASH! Pick out what works for you. Try one or all of the ones I list below. Keep doing what works and DROP what doesn’t for YOU.
1. Coaching: Individual and Group
In less than a week, you can have people paying you to coach them. You can provide them with two options: individual and group coaching. As a rule of thumb, you should charge the individual coaching clients at least 3 times more than what you charge them for group coaching.
How many people can you put into a group program? You’ll have to test it for you and your market. In MOST cases, that will be somewhere between 10 and 15 people at a time.
Here is an example site of what I’m doing with my colleague and friend, Bill O’Hanlon. The site is PublishingABook.com. This site is geared to coaching people on how to get their books published in 12 months or less.
I don’t care what your topic is, YOU can do the same. Copy that site and do your videos. Make people APPLY. Don’t accept everyone. Make sure that you screen anyone who asks for coaching. You’ll be glad that you did.
Meet with your group at least twice a month via a group teleseminar. You should also put up a site that allows the group to share with each other. WordPress sites have plug-ins that allow you to do this. And, they are FREE.
For individual coaching, you can set up a similar site.
2. Lunch with Fred Concept
Over the last few years, I’ve been doing lunches where people can pay to “meet and eat” with me. I pick a restaurant and invite up to 8 people to meet me for lunch. I’m starting to feel that 8 is too much. I suggest you do 6 max.
Whenever I travel, I let people on my list know about the upcoming lunch. They sign up and I get paid to eat with them. WHAT A COUNTRY!! YOU can do the same.
When people show up I ask everyone to introduce themselves. Then I give them some general ideas and concepts about information marketing. I’ll also give them some very specific suggestions and ideas about what THEY can do to improve their business. I also try and facilitate networking between the folks who show up.
HOW do you do this? Set up a website like mine. LunchWithFred.com. Then direct people to go there. Will you sell out every time? NOPE. Will you make a few dollars whenever you do one? Absolutely.
No matter how big a list you have, you can make money doing a lunch. You can do this locally or when you travel. I always love to do these when I’m traveling. It’s fun and it’s a few bucks you wouldn’t have had.
IF you have a list of ANY size, YOU can do this in your local area. I do it both locally and when I travel since my list has people from all over the place, both here and overseas.
Take a look at: LunchWithFred.com to see how I’m doing it. Feel free to copy what I’m doing, but make sure and let me know how it works for YOU!!
People loves lists. Most lists that is.
No one seemed particularly excited about the 10 Commandments when it was first released!
Your prospects will pay for checklists to help them do just about anything. Not a LOT, but they will pay. What do you have that you can share with your group that will help them reach their goals?
My suggestion is to package a set of them together. Charge a VERY reasonable fee recognizing that people who buy them will probably come back and buy MORE from you in the future. What’s a reasonable fee? That all depends on the market you serve.
There are people who are making money selling checklists and other short reports for under $10. Start your prices LOW and see what happens.
Set up a simple site that sells the various checklists in PDF form. In order to demonstrate the quality of your lists, give people a small sample of the lists themselves. Just don’t give TOO much away, or no one will buy.
With virtually ANY size list you can make SOME money holding a tele-seminar or webinar. There are a variety of services that will allow you to host them. Some of them for FREE or ALMOST free.
For Webinars you can do your own webinars to as many as 50 people for UNDER $10. Go to CoolWebinarTool.com to get going.
Select a webinar when you have something to demonstrate on the computer. Use a teleseminar when you have something that doesn’t require demonstration.
Like all of my suggestions, you’ll want to sell people on attending by putting up a site and getting folks to visit. Once there, you want to convince them that the information is valuable enough for them to give you money.
5. “INSTANT” Products When You Speak
Doing a speaking engagement in the next week? Great. You can make some quick cash with this idea. You don’t even have to have a product when you speak. All you need to do is put together an order sheet.
On your order sheet, offer people two options: individual coaching and group coaching. The folks who agree to the individual coaching have to agree to have their coaching sessions with you recorded. Since you’ll be offering them a reduced price, many will take you up on the offer.
Your second offer on this sheet will be group coaching and the audio recordings of your sessions with your one-on-one clients.
You end up getting people to pay you money NOW, for them to use your services in the future.
6. Selling OTHER People’s Products
One of the fastest ways to make money is to find some good products and promote them. Even if you have some great products of your own, it may make sense to promote products that your niche would have an interest in that are NOT your own.
Most people who sell things online have an AFFILIATE program. This allows you to get a commission for everyone who buys those products through YOUR link. Many people who sell products will give you data to show you how what percentage of people buy from a specific website.
You’ll naturally want to sell products where there is a match between what your customers want and what the affiliate program you select is selling.
In the long run, you’ll want to be selling our own products, but if you don’t have them, a great way to start making money RIGHT NOW is by offering quality products OTHERS have produced.
7. Your Own Audio Products
Create an outline for a topic that you know a lot about. Hopefully it is also one that people in your niche would be willing to pay to learn about. You’ll never know until you give it a shot. Then get someone to interview you either in person or over the phone.
Record the interview and offer the audio for sale. You’ll end up doing your recording either in person or over the phone. Either way, your customers will be MOST interested in the content, not the quality of your production.
I’m not saying you should intentionally make the audio less than stellar, but don’t worry about making it perfect. Remember, the PERFECT is the ENEMY of the GOOD!
Again, your selling will be done on a site that you set up.
Tools You’ll Need
Here is a list of some tools that you’ll need in order to make some quick money selling info products. All of these can be set up in a matter of HOURS, so nothing will hold you up.
You’ll need a few BASICS to implement the above suggestions. First, you’ll need to have a separate domain name for each of the products or services you are selling. Second, you’ll need a place to host your site. Next, you’ll need a way to put up your websites and make them look pretty good. Lastly, you’ll need a way to collect the money. Take a look below for help getting your “money machine” set up.
Domain Name Registration
You can register your domains for less than $10 a year by visiting UltraCheapDomains.com. This is a site that I set up for domain name registration for myself and my clients.
You have two choices when it comes to website set up. Either do it yourself or have someone else do it for you. IF you want to do it yourself, go to CoolWPTool.com. This WordPresss plug-in will allow you to put up good looking sites of various types, quickly, easily and inexpensively.
If you need some help, you can always contact my buddy Dave Hamilton. He’s the guy I recommend whenever someone needs help online. You can find him at WebMarketingMagician.com.
With any of these ideas, you’ll need a way to get people to give you money. If you don’t have a merchant account, don’t worry. It will be good to get one, but to make you some money FAST, you can set yourself up with a Paypal system to take payment. If you don’t’ have that set up, do that first.
I know what you’re thinking. You have to have a BIG list to make this happen. BALONEY! (not the right spelling, I know). I’m showing you a way to make SOME money FAST. Naturally, the bigger your list, the MORE you’ll make. BUT, you can make some fast cash selling info products in the next 30 days.
There you have it. Seven ways to make money FAST selling info products. Try all of them. See what works. Keep what does and toss what doesn’t. BUT, you can’t make ANY money if you don’t TRY IT!!