Lessons From the 7-Step Product Creation Challenge Q&A Call

Yesterday, I hosted a Q&A call for participants in the "7-Step Product Creation Challenge" -- a self-guided program to help career industry professionals develop their first -- or NEXT -- information product.

Here are five tips that I shared on the Q&A call that may help you create your information product -- whether that's an ebook, tip sheet, membership program, webinar/teleseminar, live program, or self-study program for jobseekers.

The first tip is START WITH YOUR WHY. What is your motivation for creating an information product? The two biggest "whys" for resume writers and career coaches is usually one -- or both -- of two things. The first reason to create an information product is to generate passive income (and/or recurring revenue) in your business. For most resume writers, they are only making money when they are directly serving clients (1-to-1 work). An information product allows you to make money even while you're sleeping, while you're doing "family things" or even when you're serving clients!

Speaking of serving clients, that's the second reason you may be motivated to create an information product: A well-designed information product solves a problem for a jobseeker. Many resume writers who have developed their products did so because their clients had a need. Here are just a few examples:

• Michelle Dumas ("101 Before-and-After Resume Examples")
• Kristin Johnson ("LinkedIn Success Institute" -- yes, a training program is a type of information product!)
• Shauna Bryce ("Reference Checks, Reference Pages, and Letters of Recommendation for Lawyers and Law Students")
• Brenda Bernstein ("DIY -- Do It Yourself -- Resume Questionnaires")
• Lisa Rangel (multiple ebooks and recorded webinars)
• Norine Dagliano (ekm Guide ebooks)
• Laurie Berenson ("Job Search Jump-Start: 30-Day Challenge")
• Steven Bouchard ("Getting Started With LinkedIn")
• Tracy Cooper ("30 Day Challenge" for jobseekers)
• Donna Tucker ("Jobseekers' Guides")
• Pam Martin ("The Complete Guide to a Successful Job Search")
• Laurie Berenson ("8 Days to LinkedIn Success")

The second tip is START EASY AND CREATE OFTEN! Many career services professionals I talk to want to create something big, like a home study training program or a hardcopy book. Instead, if you're creating your first information product, start with something small -- a tip sheet, an ebook, or a teleseminar. Once you've created one, you'll find it easier to do another one!

But DON'T REINVENT THE WHEEL. That's tip number three. Do you already have something done that you can re-use? Look through your email inbox and see what questions you answer over and over again for clients. Then take the content that you've already sent to clients (copy-and-paste from your emails!) and do something with it! And don't forget that Pass-Along Materials are ready-to-go content you can put to work right away!

The fourth tip is to DEVELOP ONCE AND PROMOTE OFTEN! Once you've created your first (or next!) information product, your work isn't done! The next step is to continue to promote it! You can't just "build it and they will come." Make it a point to promote your product -- post about it on social media. Do guest blog posts or be a guest on podcasts where your ideal client for that product hangs out! Excerpt it!

Finally, JUST GET STARTED! One thing I said over and over again on the call was: "Done is better than perfect!" You can always go back and add to the information product. But getting something done and out there is a huge motivator! If you want help creating an information product for your career services business, take the 7-Step Product Creation Challenge! It's just $37 for the self-guided program. It walks you through the process, step-by-step!

"Someday" is Now (The importance of taking action)

"I'm too busy right now, but I'll get around to it."

Ugh. I find myself saying that (too often!). But the truth is, I'm not really "too busy," I just haven't made it a priority.

Since I first took Kelly McCausey's Little Monthly Payments program, I've registered three domain names (one with web hosting!) to launch my next micro-continuity membership site. But then the excuses got in the way. And two of those domains have come up for renewal (meaning I registered them more than a year ago), and the guilt just keeps piling on.

So when I saw that Kelly is offering a Little Monthly Payments masterclass, I signed up. I can't make all four of the live calls (I have an event one of the nights), but I know I can go back and listen to the recording of that call. (She records all the calls.) More important, though, is that by taking this action, I'm making the development of my next program a priority.

If you've been thinking about how to create passive income (and recurring revenue) in your career services business (while ALSO attracting prospective clients and serving jobseekers better), I wanted to remind you one more time about Kelly's masterclass option.

The masterclass includes the Little Monthly Payments self-study training plus four live calls AND access to two "open office hours" sessions with Kelly to get your specific questions answered. Or, you can sign up for just the Little Monthly Payments self-study training.

You can learn more about both options here:
Little Monthly Payments

And if you buy through my link, I'll also send you my "Little Monthly Payments" checklist that I developed that will help walk you step-by-step through the process. But if you're going to stop saying, "I'll get around to it" -- hey, that implied "someday" is now!

Smart Ways to Create Passive Income in Your Resume Writing Business

In just two short weeks, I'll be speaking at the National Resume Writers' Association conference in Charleston on the topic of "How to Create Passive Income and Recurring Revenue For Your Career Services Business." 

What is passive income? It is a form of income that keeps paying you after the initial effort to establish it is done. Unlike writing resumes, where you customize each document for each client, with passive income, you can create one single document and sell it over and over again.

The goal of passive income is to capitalize on what work you have already done. It frees you up to spend time with family and friends. It also allows you to make money while you sleep. (See the cute graphic designed by my husband, Jon, for the presentation.)

Passive Income Strategies
Here are just a few of the passive income strategies I'll be talking about in my presentation.

• Affiliate programs. You can have one -- or many -- affiliate programs that you promote. Many resume writers choose resume distribution services -- like ResumeSpider -- or reference checking services like Allison & Taylor. These are natural tie-ins with your existing services -- and you can market them to your existing clients!

• Write content. Sites like Constant-Content allow you to write articles that buyers can then purchase rights to use. They can buy "usage," "unique," or "full" rights. You can sell the same article several times.

• Advertising. This can be Google AdSense or another service where you promote other products and services through advertising on your site or blog and get paid per click or conversion. Choose a program that works best with your business. 

• Create information products. Information products can include ebooks, special reports, tip sheets, manuals, home study courses, teleseminars and more. You create it once and sell it over and over again. (If you're interested in an easy way to create information products, check out Pass-Along Materials from BeAResumeWriter.com.)

If you like the ideas in this blog post and want to know more -- and you're planning on attending the NRWA conference in Charleston in a few weeks, check out my breakout session on Friday afternoon on   "How to Create Passive Income and Recurring Revenue For Your Career Services Business." 

Multiple Streams of Income for Your Resume Writing Business

I talk often about resume writers who trade "hours for dollars" -- if you're only writing resumes, you're missing out on the opportunity to create passive income and recurring revenue that can put a couple of extra dollars in your pocket each month -- or completely ease the peaks and valleys of resume writing by providing steady, ongoing income...even while you sleep.

Sounds great, huh? When some people think of multiple income streams they think of "get rich quick" schemes that do nothing but take your hard-earned money. However, there are some easy, effective ways to create multiple streams of income in the careers industry.

Ideas for More Income

• Work with multiple clients simultaneously. It's hard to maximize your income when you're working with one client at a time. After all, there is only one of you, right? But have you considered offering groups or workshops? For example, Tina Kasklak Nicolai of Resume Writers' Ink is offering a "Do-It-Yourself Resume Writing Workshop" next month. For $50, she can work with a whole roomful of folks for a couple of hours (and some of them are likely to hire her to write their resumes, once they figure out how hard it is to "Do It Yourself"). Income potential: $150-$1000.
• Set up a blog. Blogs are not only a good place to communicate with your market, but also a place to earn a bit of extra income. Find ways to monetize it. (Affiliate links, Google Adsense, links to Clickbank programs, and selling ebooks are just a few ideas.) Income potential: $5-$200/month.
• Take a part-time job. If you're just building your resume writing business, or if you're struggling to make ends meet, consider taking a part-time job -- especially one in the career services field. Your local university may have a need in their career services office for someone to work part-time. Other possibilities include: employment offices and recruiting firms, government career services, or local nonprofits that serve jobseekers (like Goodwill). It will take a balancing act to get everything done each day, but you will have that security of knowing your bills will be paid and your family taken care of until you can leave that job for good. Income potential: $500-$2000/month.
• Create a product of your own. Maybe an ebook or workbook on a topic related to the job search. (Instead of doing a "general" book, however, I recommend something more specific -- for example, resume and cover letters for the specific niche you serve, or a job search guide for your geographic area, listing major employers, job search groups, employment resources, temp agencies and recruiters, etc.). You can sell your information product on your website, blog or on another site for greater exposure. Read "Making Money Writing Ebooks" -- it's January's "Special Report" for bronze members of BeAResumeWriter.com. Income potential: $25-$500/month.
• Start a Career Membership Site. Create passive income and/or recurring revenue by providing membership programs on careers-related topics. I have an 8-day LinkedIn training program that sells for $15. Once you set it up, it runs itself! Income potential: $15-$1000/month.
• Affiliate marketing. The best thing about affiliate marketing is that the person with the product gives you all of the tools that you need to promote their product in your affiliate toolbox. This makes it easy for you to begin taking advantage of this stream of income.  And, your revenue can grow as your business grows. Possible affiliates include ResumeSpider, Allison & Taylor, and multiple products in the Clickbank Marketplace. Check out this blog post for more details about affiliate marketing. Income potential: $10-$300/month.

Are you looking to have more than one source of income? Put one or more of these ideas to work for you today!