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  • How To Make Money As An Expert

    The moment you stop producing, you stop getting paid. By creating your product one time, you provide that business solution over and over again: by the hour or by the job, you are being paid for what you produce.

    Upstart: Startup/Entrepreneur

    Are you an expert? If so, you might be able to profit from your expertise in a side business apart from your everyday work. How? By selling products teaching other people about your area of expertise.

    You may have a hobby and find yourself answering other people’s questions about what you do in online chat rooms. Or you may have developed great ways to perform services in a particular business. You may be able to package what you know into an information product.

    It might take the form of traditional books, audio programs, videos or DVDs, magazines, newsletters, ebooks, membership websites, teleseminars and webinars, telecoaching programs, seminars and conferences, and combinations of these. Businesspeople and consumers alike need to learn about solutions to problems they have in a convenient and useful format.

    As a money-making business, the advantages can be numerous. Consider the following:

    You can leverage your knowledge.
    Whether you’re working for someone else or you’re a professional selling your services by the hour or by the job, you are being paid for what you produce. The moment you stop producing, you stop getting paid. By creating your product one time, you provide that business solution over and over again instead of performing the service yourself each time.

    Everything you need to create a new product is already inside you — the information, the secrets, the techniques, the things you already know. You don’t need dozens of experts or newfangled distribution methods.

    Your products can double as marketing materials.
    People say to me, “I’m already a consultant. If I create an information product that explains my entire process, won’t people just do it themselves and stop hiring me to do work for them?” Absolutely not.

    People who buy your information products are much more likely to hire you to perform services than other customers. Being published shows the customer the complexity of the services and the special ability you have to perform them, and makes you the obvious choice should the buyer need additional help with his business or hobby.

    Continue Reading: http://www.entrepreneur.com/article/219619

    Upstart: Business and Management for 20-40 Year Old Professionals

    Filed Under: Startup/Entrepreneur

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