You’ve created your first booklet and made a few sales. Things are going well, but they could always be better. You want to generate more income. But how? There are two ways you can do this.
The Easiest Way To Make More Money From Your Booklet
The easiest way to make more money from your booklet is to raise the price. If you’re booklet is selling well, you know your information is good and it’s worth something to your market. This means your information is valuable to a specific group of people, who would likely be willing to pay more than what you are currently asking for it. It’s just a question of how much more they would be willing to pay.
If you’re concerned about raising your price, worried that it will scare some people away, don’t be. Most people will be willing to pay more as long as your information is helpful to them. The few that won’t pay more probably won’t pay your current price either.
More Choices For Your Market = More Income For You
Another way to generate more income from your booklet is to create other products from it. You can use your current manuscript to create CD’s, MP3’s, and an e-booklet version of your printed booklet. This gives your readers more choices as to how they would like your information presented to them.
But, you don’t have to stop there. You can get as creative as you would like to – perhaps creating a DVD version of your booklet, or writing spin-off titles that are related but have different information in them. You might want to create a workbook or workbooklet to go along with your booklet, or you might even offer a class online or off for those who want further information after reading your booklet. There’s no end to the possibilities of what you can create – and each item on the list adds to your inventory and your bank account!
It’s Not All Or Nothing – Why Not Do Both?
Of course, the best way to generate more income from your booklet is to do BOTH of the above. Most people don’t charge enough for their goods or services. You don’t have to raise your prices sky high. Even a small hike in your pricing will generate significantly more income for you collectively.
Then, develop more products and broaden your product line so your readers can come back for more. Your readers will be happy, and so will you!
To your riches!
PS: Need to get that first booklet written and produced so you can get in on the action? Click here!
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