One of the best things I like about coaching my students is how pumped up I get teaching the exciting opportunities we can all have by writing and publishing our own books.
Why do I get so pumped? Because every time I teach a call like the one we had this past Tuesday on continuity programs I get more excited hearing myself talk about all the great opportunities we all have with our books.
Now I know many of you reading this article are no where near ready to retire yet and in fact one of the reasons I wrote my book with my coauthor Jeff McCallum is the fact that I never want to retire. So why the retirement talk?
Because in my last coaching call I gave many examples of how you can monetize your books information into having your customers paying you a monthly fee without having to do monthly work. So if you are getting money monthly for work you have done in the past isn’t that just like having a retirement income? You bet it is.
One student saw how easy it would be to get 100 people from her list to pay a monthly fee of $47.00 per month by setting up three, one hour support group tele calls for the information she has written about in her soon to be released book. Do the math! That’s $4,700.00 per month for three hours work.
What if she decides to set up four groups like this and maybe one is a little more expensive at $97.00 per month? Three groups bringing in $4,700.00 per month and the last one bringing in $9,700.00 per month makes a total of $23,800.00 per month and she would still only be working by telephone a total of 4 hours per week.
We talked about many of the possible ways of having your customers opt in to a monthly continuity plan all relating to the information in your book including:
Actually when we started brainstorming the issue they realized it was endless and could be done with pretty well any niche or topic.
Does it take a little bit of set up work? Yes but with the right help even that is not a big issue. There is no better return on investment in anything else on this planet as writing & publishing your own book and that continues to make me jump out of bed each and every morning.