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Creating a Product

My first product was an accident.  I didn’t know about internet marketing, I didn’t know about products, I didn’t know that that’s what I really needed.  I was just a coach… just a coach.  I gave a speech to a conference and the speech turned out really well and I’ve had the presence of mind to ensure that I had the rights to the recording.  I didn’t really mind that they had the rights to the recording as well, that I made sure that I have the rights to use it however I want it and the speech happened to turn out really well and I thought, we’ll maybe I can sell this thing so I set a price of $39 which hasn’t changed in, oh my goodness, eight years now.  It was August of 2002 and it’s firstfiftyclients.com and I sold it as… it wasn’t even a download; you could just listen to it online for three months and then eventually I made it a download and eventually I made it a CD but that’s how I stumbled upon it.   We’re going to be more deliberate about how you create your product and this is a going to be a lot simpler than getting to speak at an international conference, you don’t need that.

Creating a Product

What kinds of products are we talking about?  You could do a book, I don’t recommend it.  You could do an e-book, you could do a special report that’s like 17 pages.  You could an mp3 which is an audio file, just a simple recording.  You can someone interview you and sell your interview for $9.95.  There are many different things you can do.  You can create video now online.  If you don’t know how to do it and many of you do now because of Ezra; he’s getting into that.  It’s so simple.  You can go on Facebook now and if you’ve got a webcam, you go on Facebook and you click a couple of buttons and it records video and puts it on your Facebook account.  That’s really not difficult to do.  What I suggest you do to get started is you create an audio product, and we’ll get soon into how to do that.

Training Call: How to Create a Product in 7 Days

You know you want to make passive income, but you don’t have 6 months to create a product.
 
I’m going to show you the tactics to create your own product in 7 days!
 
Here’s your invitation to the training call coming up Thursday Sept 17th (8pm EST/5pm PST).
 
Here’s what one participant said about a recent call:
 
“I just kind of stumbled upon your teleseminar, and I must say that this was probably one of the most valuable and
inspiring teleseminars I’ve been part of!”

Elisabeth K
 
You get to ask your THREE most important questions about generating traffic.
 
LIVE CALL
The live call only (no recording) is just $10. Register here: http://tinyurl.com/m4m4a4
 
LISTEN ON YOUR IPOD/IPHONE?
If you want the live call PLUS the mp3 recording PLUS the PDF transcript of the call to print out and read, the cost is $15:
http://tinyurl.com/d97a5o

After you order, you will be directed to the question page to ask three key questions (you don’t have to know what they
are now).

Cheers,
 
David

Need book keeping salvation

Do you know of a really good book keeper based in Australia?

By good, I mean one who is friendly, conscientious, detail oriented, and deadline-oriented?

Could you please post any recommendations you have, and WHY, in the comments below.

Much appreciated,

David

Partnership Mastermind Group (Private Page)

Welcome to the Partnership Mastermind Group!

WHEN: 4pm Pacific Wednesdays (8 calls) March 11 through April 29
WHERE: 1-218-862-7200 (Conference Bridge Number: 369100)
RULES: Show up on time, make at least 6 calls out of 8, be in action on sponsorships.
Stick to your allotted stage time.
If you don’t meet these criteria your spot may be given to someone else.

FORMAT: We’ll each have 4 minutes of stage time to report progress and say what we need, then 4 minutes to get group suggestions (which can also be posted on the blog here for us all to read to save time in the call.)

FINDING YOUR WAY BACK TO THE BLOG:
htttp://tinyurl.com/mypartners (easy, huh?)
Note it’s a private page.

Below in the comments you can post your progress each week!

MM #72: How to Merge a Current Career with Coaching

Announcements/Offers

What People are Saying About ’10 Super Coaches’
To find out how 10 ordinary coaches are earning $30,000 to $1.4 million per year, and how you can do it too, click here:
http://www.10SuperCoaches.com

“I was working on a marketing strategy that was going to cost quite a bit of money when I bought the ebook. It made me realise there is a MUCH more direct, and less expensive method. Saved me several hundred pounds and gave me a kick up the rear end to do something else. Thanks!”
Neil Gilbranch, United Kingdom

“David, the product is awesome! I cannot express it any other way. I’m still digesting the nuggets on every page and relishing every interview. Thank you for the your brilliance in its development.” Heather Fraser USA

Visit http://www.10SuperCoaches.com/

FEATURE: How to Merge a Current Career with Coaching

MJ Jennings, the “Inspiration Woman,” is an executive coach who has made as much as AUD$100,000 in one month from coaching!

Based in Hong Kong, she calls herself a “Pacific gypsy” because of the travel she does up and down AsiaPacific.

How did her life journey take her from a farm in New Zealand to the intense, vibrant career she now enjoys?

MJ first heard about coaching in 2000, and her interest peaked after being given an article by a friend. By that time, she’d moved with her children to Hong Kong. She had completed her masters in Human Resources and moved into Business Excellence, a team approach to continuous improvement. But coaching offered a different way to inspire people and help them move forward in their lives.

Tip: Use your current skill set to enhance and compliment your coaching style.

“I actually started coaching by being coached by a master – David Wood – about six years ago,” she says. (Thanks for the plug MJ!) From Hong Kong, MJ arranged face-to-face and phone sessions. She found coaching was a natural transition from the work she was doing.

Not about having the answers

“I realized that my clients needed more than the traditional training approach,” she explains. “I found I had lots of ‘guinea pigs’ to practice on.”

Being coached herself gave her the confidence she needed to jump in and start doing it. “My initial perception of coaching was misguided… I thought I had to have the answers, and my approach was more along the lines of consulting or advisory. Now I really know coaching is all about the coachee, not me!” She credits this experience with giving her a deeper understanding of the coaching philosophy as well as a toolkit of forms, approaches and questioning techniques.

She became a founding member of the Hong Kong International Coaching Community, joined Coachville and became very active in promoting executive coaching as a business learning approach.

Tip: Get involved – join forces with other coaches to share information and make coaching more visible in your community.

According to MJ, awareness and acceptance of executive coaching has been slower in Hong Kong than it has been in other areas. “To survive as a coach, you need to have other ‘strings to your bow’ – and mine was training,” she says. She leveraged the workshops she ran by promoting one-on-one “coaching based interventions.” This built her confidence and her cash flow. “I built a company around the things I like doing, and the coaching has become a major part of that. We now generate revenues that have just kept growing.”

Getting out there

MJ feels staying in the public eye is a key way to attract new business. She has been on radio programs a half dozen times and has done several interviews in local newspapers and magazines.

“Building a positive reputation is very important for credibility and approachability,” she says.

Most of MJ’s business is referral, and people see her in action as a speaker and doing other activities.

Tip: Be noticed. Look for ways to tie coaching in to what you’re already doing, and offer your expertise to the media.

MJ says, “Practice what you preach – if it’s a business it must look like one, feel like one and run like one, with a business plan, strategy, goals and action plans.

She has a “no surprises” policy, discussing fees and structure with clients up front. She does pro-bono work, charity workshops and offers coaching packages to encourage repeat business. At the same time, she negotiates higher fees for intensive programs to ensure a return on the investment in time and resources.

And she’s busy. In the next six weeks, she’ll have five coaching sessions in Singapore, three in Hong Kong, training workshops with one-on-one coaching sessions in Vietnam and Korea, followed by a week of coaching back in Hong Kong and four sessions in Tokyo.

Even coaches can use a coach

Part of MJ’s success is how she “walks the talk.” She says successful coaches need to have a commitment to life learning.

“If Tiger Woods has a coach – then there is a time in our lives when we all need a coach to stretch, guide, challenge and recognize effort,” she explains.

Do talk to strangers

She advises other coaches to keep talking to strangers, and keep networking. Potential clients can’t find you if you’re not putting yourself out there, she points out.

Often, MJ’s casual chats turn into business when she’s asked what she does for a living. But “it’s not about the money, or the potential for business,” she says. “It’s about them identifying a need that they have, and wanting to work through a coach to get that need met. I love it when they contact me and I’m their ‘chosen’ coach.”

See more about MJ’s business at ActiveCommunication.net.

MJ got her start through the CoachStart™ Mentoring Program – if you would like one of the few remaining positions, you can apply here.

***

Action: Expand Your Business

1. Start researching and asking for recommendations to hire a mentor coach
2. Does your coaching look like a business? Where do you need to become more business-like?
3. Do you have a current career or hobby you can merge with coaching? What would the first step be?
4. Post your first step, thoughts and comments at the blog!

Enjoy!

David

Copyright 2018 David Wood.

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