Part of the guide: Affiliate Marketing
This is part two if the 3 part mini series on 6 ways to make money with webinars. If you haven’t already read the first part, click here right now. Otherwise keep reading, these two are great:
3. Product Creation And Testing
Believe it or not, people sell webinars for thousands of dollars! It’s quite simple. You just have to record a few one hour webinars on a subject that’s hot in your niche. Webinars are great for marketing, but also content delivery. You can package info products in a few PDFs, videos, audios, or even webinars. The other day some guy sent me a private invitation to buy a series of 10 webinars for $2000.
The product was 10 interviews with 10 of the most influential people in the Internet Marketing niche. Not a bad product, right? If you think about it, people charge thousands for a weekend seminar with a few successful entrepreneurs. The product I was invited to purchase wasn’t actually created at the time. The webinars were live, so each week for 10 weeks a webinar would be held. That’s one webinar product idea, but really you can teach anything in a webinar. It’s the same as any other video/PDF information product.
Webinars are also perfect for testing new products before launch. I know for a fact that some of the biggest names in online marketing do this. When they have a new product, they’ll hold a webinar where they give part of it away. Towards the end, they’ll pitch the full product and send all attendees to the sales page. Doing so allows them to test their new product’s conversion rates, get feedback, social proof, and more.
4. Private Coaching/Consulting
This one is huge and I personally use it to bank a small fortune from time to time. Private coaching has always been a goldmine for successful people. Unfortunately, you can’t do this model unless you’re entirely successful in what you do. As soon as you become a true success in your industry, you can charge hundreds or thousands for a single webinar with someone. People just starting out in your industry will be glad to pay you for a chance to pick your brain.
Or large companies will be happy to write you pretty substantial checks for a few hours of private consulting. Webinars are great for one on one coaching or even group sessions. There are no geographical restrictions, people can jump on them from anywhere and even have their questions answered live. If you know a lot about SEO, for example, you could offer a private webinar consultation for local businesses.
Again, this will only work if you know a lot about one marketing strategy or are super successful in your niche. If you’re a famous Internet Marketer, you can charge thousands for a couple hours of your time. Even though you may have made it in the industry by following basic principles, it doesn’t matter because you have social proof. So people will pay you anything to learn “the secrets.”
You have been paid late before
You have watched the number on the dashboard not match the number in your account. What is different now is simple: it settles on a public contract you can check yourself, not a dashboard I control.
Read the contract →Most participants earn little to nothing. No income is guaranteed. You can verify every payout on the public smart contract.
Why do you think super successful marketers offer private coaching? If they’re so rich and know how to easily make money, why do they bother? It’s because it’s even easier money to charge thousands for private coaching and consulting. If you’re not super successful but know a marketing strategy like the back of your hand, charge local businesses for consulting. From there you can sell them a service.
>>> Click Here For The Last Part <<<
Comments (carried over from the previous site)
Rj Lafitaga, December 8 2011, 21:04
Awesome info Dave..keep up the good works.
Leroy Fockler, December 10 2011, 05:27
You Rock buddy!
Three posts a day. One email a day.
Everything I publish, in one short daily email. Real numbers, no hype, unsubscribe in one click.
Get paid 100%, on-chain, the second the sale clears
Most affiliates earn little, and that is disclosed up front. The difference here is not a promise about what you will make. It is that you can verify every payout yourself, on a public contract, in about twelve seconds.
See how the payout works →Most participants earn little to nothing. No income is guaranteed. You can verify every payout on the public smart contract.
Perfect execution!
The ‘you can’t do this model unless you’re already a real success’ line in the coaching section is the one I keep circling. Feels like the entire strategy is gated behind having already achieved the thing the post is teaching you how to achieve, which is a strange kind of chicken and egg to build a whole section around.
Davey’s right, and it’s worse than chicken-and-egg. Look. The post admits social proof is what actually sells the coaching, not the coaching’s content itself — nobody’s paying for the two hours of talking, they’re paying for proximity to someone already established. Fine, that’s at least an honest thing to admit. But it means the entire model is downstream of marketing yourself successfully first, which was supposed to be the very thing you needed the coaching to learn how to do.
Downstream of marketing yourself first. That’s the whole industry in four words.
Recorded five sessions with people in my niche instead of interviewing famous names, since I didn’t have that access. Editing after each session ate more time than the actual recording did.
I think what’s being missed in how this section reads is that the webinar product example — ten interviews sold as a course — is actually the more approachable model of the two. You don’t need to already be the famous name, you just need access to ten people who are, plus the willingness to organize it. The coaching model genuinely does require you to already be the destination.
Neither model fits an actual night shift. One needs ten guests scheduled, the other needs you to already be somebody. Don’t have hours for either this year.
Ade’s point about the interview product being the more approachable route lines up with something I saw at the diner — the cooks who could gather ten regulars’ recipes and put out a little booklet did better and faster than the one waiting to become famous enough to write his own cookbook alone.
At what point does someone actually become ‘successful enough’ to charge for private coaching, according to the post?
Ivy’s question doesn’t really have an answer inside the post, which is itself informative — the threshold for ‘successful enough to charge’ isn’t a fixed line, it’s whatever the market of prospective students is willing to accept as proof. This is close to what’s sometimes called the halo effect in organisational psychology: once someone is perceived as successful in one visible way, people assume competence in adjacent areas without checking. The webinar coaching model as described here is basically monetizing that perception gap directly, charging for access to the perception rather than necessarily for a verified skill transfer. Worth noting the research on the halo effect itself is solid; what’s much shakier is any claim about how reliably it converts into actual coaching value for the person paying.