5 Things You Can Do to Increase Your Revenue Immediately
You can immediately increase your revenue by creating information products.
Here are some ideas:
- E-books. An e-book is a digital product that people will download. The easiest way to make money from e-books is to create your e-book around what you are passionate about and market to your target market.
- Teleseminars & Webinars. Teleseminars are taught over the telephone. Webinars are taught using the phone and sharing your computer screen. Both are great because they are an excellent way to show that you are an expert in your industry. You can offer free and paid teleseminar and webinars. During your free presentations, share useful information but leave the audience wanting more. This way they will visit your website and purchase information products which will give them more information about your topic or they will sign up for your paid teleseminars and webinars in which you will share full information about your topic.
- Affiliate Programs. If you have already created your own information products, why not have other people sell them for you? Set up an affiliate program and pay people commissions when they sell your product through their website, newsletter or blog. If you haven’t created your own information products yet, promote other people’s programs and make a handsome profit – sometimes as high as 40%! When you sign up for a company’s affiliate program, they provide you with the tools to advertise the product such as graphics, HTML and links. This is a great and often overlooked way to increase your revenue.
- Multimedia Products – Create large multimedia products by combining different formats of the same product. For example, when you teach a teleseminar or webinar, bundle together the teleseminar or webinar by selling its audio recording, a transcript or a workbook.
- Advertising. Sell advertising on your website, blog and in your newsletter and presto – you have another revenue income stream!
Tip: The materials used during your teleseminars and webinars can be used later to create even more products such as audio files which you can burn to a CD or make available on your website for download or you can use teleseminar and webinar material to create a special report to sell on your website.
Carmin Wharton is a life and business coach to women who are stuck and can’t move forward to create the dream life, career or business they deserve. She helps women change their lives one goal at the time!