Marketing Infoproducts: Package Your Brain!
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Title: Marketing Infoproducts: Package Your Brain!
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Author: Wendy Maynard
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Marketing Infoproducts: Package Your Brain!
Copyright 2006 Marketing Maven
As long as you are providing a service, there will always
be a ceiling on how much you can earn that is based on the
number of hours you can work in a week. Even if you hire an
assistant and/or raise your rates, you are only raising the
ceiling a little higher. The way you can blast that ceiling
sky-high is to package your brain into infoproducts and
sell them online.
You have a particular system and unique way of providing
service to your clients. Package it into an information
product that will show people step-by-step exactly how you
do it. The incredible advantage to this is that you can
teach people all over the globe, day and night, every day
of the week.
With infoproducts, you don’t have any limit on the number
of information products you sell. While your service will
always be limited by the amount of time you have to give
face to face, your information product can teach countless
numbers of people.
Another advantage of packaging your brain into infoproducts
is that you can develop your brain into more than one
product. Your packaged brain can be sold on your website
and at your public speaking events as CD sets, e-books,
paper versions, recorded online seminars, DVDs, and so on.
Because you will be developing a loyal client base who
wants to learn more and more from you, you will be able to
feed this hungry audience with your infoproducts.
Here are other benefits of packaging your brain into
information products
1. A low-cost option to use your services. By offering
your clients infoproducts, they can purchase your packaged
brain for substantially less than they could ever hire you
for. For instance, a home-study course could provide a
condensed version of what a financial planner or a coach
provides to clients over a series of months.
2. A lower-risk alternative for prospects. Often your
system serves as a doorway to you. Your prospect may study
your system first and then later purchase your full-meal
deal. This is powerful – your prospect pays you to be your
lead! She begins to feel like she knows you. Remember,
people work with people they know, like, and trust. Your
infoproduct is building relationships for you.
3. Your products build credibility. Like writing books,
producing infoproducts will elevate your perceived
expertise. You reinforce your brand and people find you
trustworthy because you have outlined the exact steps to
solve their problem. Remember, this is always about
answering “What’s in it for me?” for your target audience’s
perspective.
4. You become more efficient. By turning your process into
a system, you can show the precise sequence that helps your
clients. Instead of trying to be intuitive about how to
solve each person’s problem, take him or her step by step
through your process. You save time because you will know
what each session will focus on and how long it takes to
achieve results.
Your customers will be impressed when you have worksheets
and specific homework assignments for them to work through.
It reinforces your expertise and makes them feel secure in
their decision to hire you.
5. You can offer package options. Because you know each
step of your system, you can offer your customers options.
People are MUCH more likely to make a purchase if they have
options. By giving your customers choices, they can
purchase what is right for their unique situation. Your
clients may decide to do one option now and add something
else later. The nice thing about this is your customers get
RESULTS and you don’t have to work as hard because you have
a SYSTEM.
I recommend always offering options that set your customers
up to work with you on a continuing basis. For example, a
professional organizer could set up one package that
includes an initial consultation, a clutter analysis, four
weeks of room-by-room organization, and then four weeks of
one-on-one work with the customer to teach them how to
create systems of organizations. This option could include
a Clutter Free Tips and Workbook.
A personal trainer could offer an option called Fantastic
Fitness! This 6‑month training package could include
one-on-one workouts, a nutrition guide, a personal grocery
shopping session to show how to Shop for Fantastic Fitness!
and a goals and progress workbook.
6. You can turn your package into a very expensive option.
Once you have your brain packaged, you can create an
expensive option that will give your prospects a LOT of
information in person. Most people that offer this
generally offer a live event over several days.
Because you are spending hours and hours giving your
audience information, people are willing to spend anywhere
from $1,500 to $10,000 and more for this type of program.
With a powerful sales letter that is placed on your
website, you can bring 20 to 50 people to your event. You
do the math.
7. You can use your system for your talking points. Once
you have a system, it becomes much easier to make sales,
give presentations, and offer public talks because you have
specific talking points which will always tie directly back
into your infoproducts. You can offer people a chapter or a
sample session based on a section of your system to give
people a taste of what you offer.
8. Prospects can become customers at many different price
points. If you are selling information products, the going
rate for an e-book is between $17 to $97 and for a
teleseminar, the range is about the same. For a manual, the
price ranges start to spread out quite a bit. I’ve seen
them between $100 and $1,000 depending on the complexity of
the information. In general to command more than $100 -
$200, you have to start including CDs, templates, and other
value-added components. The information-product business is
a wonderful one to get involved in and very addictive for
both you and your customers (in a good way).
I hope this is getting your brain percolating on how you
can package your brain as a system and how it will make it
SO much easier for you to both market and implement it. The
end goal is you can attract more customers and make more
money with less effort.
ACTION ITEM: Take a look at your current offerings. What
can you do to package your brain into your first
infoproduct? What format will it take? How will you market
it? What will it cost?
About the Author:
Wendy Maynard, the Marketing Maven, publishes REMARKABLE
MARKETING, a weekly ezine for business owners, freelancers,
and entrepreneurs. If you're ready to skyrocket your sales
and easily attract customers, subscribe today at
www.gomarketingmaven.com/ezine.html
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