Did you realize that each one of your information products from each of your niches is a six-figure income stream just waiting for you to discover it? Milana Lushinsky, a musician, knows exactly how to make that happen.
As part of Dan Kennedy's Info Riches course, Rob Toth interviewed the top information marketers. Milana's interview is part of the "Future Of Information Marketing" series.
Coming from Ukraine with degree in classical music, Milana had no idea of what a computer was and knew nothing about business or Internet marketing. When she developed an interest in the subject, she decided to take courses in web-design. Ultimately she discovered that web-design isn't what is needed to be successful in doing business online.
Milana has come a long way from her humble beginnings. She has written three digitally produced books with her most recent book in physical form available from Amazon.com. Milana started up an Association Of Coaching Professionals On The Web and holds an annual Coaching Super Summit, a live event for coaches and coaching entrepreneurs from all over the world.
Milana's own business reflects the principals she teaches. She says "providing information is not enough. People want a 'human browser'...somebody with credibility and a great reputation".
Personal branding. That's where the information marketing business is heading. She says it's possible to make some extra money as a hobby if you set up some mini-sites to sell an ebook or an audio recording. But "if you really want to build a highly profitable information business you must brand yourself and become a thought leader", says Milana.
If you are in a profitable niche there are dozens or sometimes hundreds of competitors you are up against. As an information marketer, you don't want to have just another ebook site. "You want to be the person people turn to when they need your type of information."
"What's going to get you noticed? What's going to make people want to invest with you? It's your credibility, your reputation and positioning in your market," says Milana.
There are four stages of development that make you different... so you become a "thought leader":
1. Create a digital publication for your market.
2. Next, you need to create a virtual event. You need to attract lots of people like Milana's "coaching telesummit".
3. Now you need to create a live event. Most information marketers are introverted people so they shy away from this step. This is why this step really differentiates you from others. A live event does wonders for launching your income into the stratosphere.
4. Publish a physical book.
The thing to understand here is that your goal is to "deepen the funnel". A lot of people go into the information business trying to make it big by selling an ebook or an audio product. The more motivated ones go the extra mile and try to sell products in several different niches. But according to Milana "the truth is that it is virtually impossible to have a (highly) profitable information marketing business selling just one product." "You want to have a product line and develop multiple income streams from your product." "Instead of a bunch of unrelated products create a line of products that helps your client grow from A to Z."
By doing this you build a lifetime relationship with your customer. No matter what kind of competition comes up they will prefer to buy from you. Milana says "my customers are saying that they want to buy from me. They've already been getting my newsletter, they trust me, they've bought from me. They're much more likely to buy a product from me than from someone else that they don't have any history with".
Milana goes even further with this line of thought. She says that "if there is something that I do not or cannot offer I find other people to create strategic alliances with". She doesn't want her customers to have to go elsewhere for coaching information. What she wants is to be a one-stop-shop for her customers.
Deepening your sales funnel gives you a recession-proof business. Your customers will keep buying from you over and over again to take advantage of the great products you offer. You would be a reliable source in your market. That's effective personal branding. That's what gives you a competitive edge and allows you to dominate your niche.
As part of Dan Kennedy's Info Riches course, Rob Toth interviewed the top information marketers. Milana's interview is part of the "Future Of Information Marketing" series.
Coming from Ukraine with degree in classical music, Milana had no idea of what a computer was and knew nothing about business or Internet marketing. When she developed an interest in the subject, she decided to take courses in web-design. Ultimately she discovered that web-design isn't what is needed to be successful in doing business online.
Milana has come a long way from her humble beginnings. She has written three digitally produced books with her most recent book in physical form available from Amazon.com. Milana started up an Association Of Coaching Professionals On The Web and holds an annual Coaching Super Summit, a live event for coaches and coaching entrepreneurs from all over the world.
Milana's own business reflects the principals she teaches. She says "providing information is not enough. People want a 'human browser'...somebody with credibility and a great reputation".
Personal branding. That's where the information marketing business is heading. She says it's possible to make some extra money as a hobby if you set up some mini-sites to sell an ebook or an audio recording. But "if you really want to build a highly profitable information business you must brand yourself and become a thought leader", says Milana.
If you are in a profitable niche there are dozens or sometimes hundreds of competitors you are up against. As an information marketer, you don't want to have just another ebook site. "You want to be the person people turn to when they need your type of information."
"What's going to get you noticed? What's going to make people want to invest with you? It's your credibility, your reputation and positioning in your market," says Milana.
There are four stages of development that make you different... so you become a "thought leader":
1. Create a digital publication for your market.
2. Next, you need to create a virtual event. You need to attract lots of people like Milana's "coaching telesummit".
3. Now you need to create a live event. Most information marketers are introverted people so they shy away from this step. This is why this step really differentiates you from others. A live event does wonders for launching your income into the stratosphere.
4. Publish a physical book.
The thing to understand here is that your goal is to "deepen the funnel". A lot of people go into the information business trying to make it big by selling an ebook or an audio product. The more motivated ones go the extra mile and try to sell products in several different niches. But according to Milana "the truth is that it is virtually impossible to have a (highly) profitable information marketing business selling just one product." "You want to have a product line and develop multiple income streams from your product." "Instead of a bunch of unrelated products create a line of products that helps your client grow from A to Z."
By doing this you build a lifetime relationship with your customer. No matter what kind of competition comes up they will prefer to buy from you. Milana says "my customers are saying that they want to buy from me. They've already been getting my newsletter, they trust me, they've bought from me. They're much more likely to buy a product from me than from someone else that they don't have any history with".
Milana goes even further with this line of thought. She says that "if there is something that I do not or cannot offer I find other people to create strategic alliances with". She doesn't want her customers to have to go elsewhere for coaching information. What she wants is to be a one-stop-shop for her customers.
Deepening your sales funnel gives you a recession-proof business. Your customers will keep buying from you over and over again to take advantage of the great products you offer. You would be a reliable source in your market. That's effective personal branding. That's what gives you a competitive edge and allows you to dominate your niche.
About the Author:
Grab the full Future Of Information Marketing interview series for FREE while you can. There are more Dan Kennedy articles and information here. You can get a unique content version of this article from the Uber Article Directory.
No comments:
Post a Comment