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Information
Product Ideas
May
29, 2006
Author: Tom Perkins - Business Development Coach and Certified
Personal Trainer
Ben Franklin was right
when he said, “time is money”.
For entrepreneurs and
small business owners, this cold harsh reality holds even more
truth because if you aren’t working and producing, you
aren’t making money.
Therefore, it’s important that you make the most of
your time and energy. One
way to do that is by finding multiple uses for the products
you create. You
may need to think creatively as to how you can do that, but
you will be pleasantly surprised at the mileage you can get
out of one idea and/or product.
Here are a few ways in
which you can get the most bang for your creative buck:
1. Use client emails as the basis for your articles.
Chances are if you’ve answered a particular question for one
person, that others may be seeking the answer to that same
question. What better way to reach a larger audience and possibly
generate additional business?
2. Collect all posts you
make on message boards and discussion lists.
Convert them into a Frequently Asked Questions page.
Again, using the same principle as discussed with the
emails. This is
also a great time saver for you.
By directing them to your FAQ, you save yourself that
extra time it takes to answer each question individually.
3. Create a members only
section loaded with information.
Gather all your articles, organize them by category and
put them in a private membership site.
Also, try to write a new article each week to add to
your database. This
is great way to increase traffic to your website and have them
coming back for more each week.
4. Record your
teleclassess and teleseminars and add the recordings to your
membership site.
5. Turn all your articles
into PDF files, burn them onto a CD and sell it as a
collection of "special reports." You can also
offer it as a bonus or free subscriber offering with any other
product, service, or event you sell.
CDs are a dynamic method of capturing a
client’s time and attention while getting your message out. If
you’re looking for an easy way to sell your services and put
a personal spin on your promotional efforts, this may be a
good marketing strategy for you.
6. Create case studies
based on your coaching sessions, and then add them to your web
site for content or as a special report for generating leads.
Targeted case studies are always an effective marketing
tool favored by people looking for information on a specific
topic.
7. Design your programs
(seminars, coaching, training, etc.) in modules. This way
you can repackage them or sell each module individually in the
future.
8. Videotape your live
events and offer them as products or bonuses.
Technology has evolved so much over the last few years
that you may want to consider producing your own video.
Check out Fitness
Business Radio's interview, “How
to Produce Your Own Fitness Video and DVD for Profit with
David Wicker”
(www.fitnessbusinessradio.com).
9. Create an outline of
your new information product (book or e-book). When you
write your newsletter, focus each issue on a section or a
chapter. By the end of three to six months, you might have
your entire product completed.
10. License your materials
(workshops, tools, assessments, coaching programs, systems,
etc.) to other coaches and trainers.
This allows you to maximize your income by expanding
market opportunities without having to spend a lot of money in
the process. Check out Davison Integration (www.davison54.com/)
or Invent SAI (www.inventsai.com).
As
you can see, there are numerous ways that you can get the most
of your ideas. By
just taking a little time now to think about how you can
leverage your abilities more will allow you to develop a
long-term strategy that can payoff enormously well into the
future.
With
a degree in Accounting, certified as a personal trainer, and
primary function as a business development coach; Tom
Perkins works with personal training departments,
fitness professionals, and management of health clubs in the
areas of sales, marketing, and promotion; operations and
administration, and staffing and human resource management.
With 6 startups in 15 years under his belt and over 20 years
of working with the fitness industry Tom leads companies to
profitability through Fitness Industry Solutions www.fitnessindustrysolutions.com.
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