How To Make Money With Webinars!

September 8, 2008

A lot of people ask me this, so I thought I’d share this with you…

There is no shortage of people claiming they can show you riches in teleseminars! And without a doubt, teleseminars can be extremely profitable and a huge list building opportunity when they are conducted properly. This article is aimed at teaching you 5 different Teleseminar profit models and how you can use them in your business. Subsequent articles will go through each in greater detail.

Teleseminar Profit Model #1: Training Series
The fastest and easiest way to create a new product is through a Teleseminar Training Series. The biggest benefit here is that you are able to test a concept or training before you invest $1000s in product creation and marketing. Often times, you “gold mine” product comes out of one particular segment that you teach in a 4 to 8 part Teleseminar series. Not only do you make up front money by selling the Teleseminar series itself, you generate enough money to create the physical product that you can sell later provided the market demand is strong.

Teleseminar Profit Model #2: Interview an Expert
We routinely generate over half a million dollars by running a weekly Teleseminar with a different industry expert. Here’s how it works: You find an expert to interview. You set up and promote the Teleseminar. You interview the expert live on the phone and direct participants to a sales page following the Teleseminar. You get 50% of the profits. That means… that if the Teleseminar brings in $10,000, you make $5,000 just for setting up, hosting and promoting a Teleseminar.

Teleseminar Profit Model #3: Sell Your Own Existing Product
You can hold a weekly Teleseminar (or sporadic even) to sell one of your own products. You simply invite all new – and sometimes existing – subscribers to attend your Teleseminar. At the end of the Teleseminar, you invite them to order your continuing education (i.e. your product). The beauty of this model is that once you get a call that converts well, you can simply replay it each and every week and turn your income on autopilot. There are several services that will do the replay for you or you can simply record the call yourself and play it back.

Teleseminar Profit Model #4: Resource and Tips Training
This is a great model to do once per quarter. You can collect all of your favorite resources and tips that you have collected (and can get paid an affiliate commission on) and give a resources and tips Teleseminar. The key here, however, is to make sure that you set up your affiliate links beforehand, create a study guide, or tips sheet and/or webpage, and have redirects if possible. This way, you can recommend a resource and still use a domain name. When the person goes to the site, they will automatically be cookied to you and you’ll get credit for the sale. You’re not actually “Selling” anything on the Teleseminar itself, but you do profit from peripheral sales. You can actually use this model in conjunction with Teleseminar Profit Model #2 and teach a process using the guest experts as resources.

Teleseminar Profit Model #5: Coaching Program
“Continuity” is the buzzword these days among marketers, but many people get bogged down with this technology or that technology. The simplest way to run a coaching program is through teleseminars. You can train one to many which leverages your time and you can also offer the recordings as downloadable MP3s or physical CDs that you fulfill on a monthly basis depending on the price point. You can earn anywhere from $47 per person per month upwards of several hundred per month depending on your strategy. Think about it… just 100 people paying $100/month is $10,000 month residual income using JUST teleseminars!

We could go on and on with ways that you could use teleseminars to rake in the cash! But, this should give you a sampling of some strategies that you can implement today. The beauty is that it doesn’t matter how big or small your list is, you can start using teleseminars today in order to give your bank account a boost!

Teleseminars are the fastest, easiest and most profitable way to make money in the information marketing industry. Use these tips to turn your computer into a cash-extracting machine. To learn about more of these strategies and how to execute effective Teleseminar campaigns – and to sign up for Heather Seitz’s FREE Online Newsletter