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Marketing

One of the challenges you face when considering the ways to leverage your content is that there are now more modalities than ever before that people use to consume content. The days of just reading a book or an article to gain knowledge are over. You need to be able to understand who your market is and how they prefer to consume content and then you need to make sure you can give them what they want in the format they want it.

In today’s world the answer is rarely ever one format fits all. Beta may have been a better format than the VHS tape (okay, I’m dating myself with this analogy) but if you wanted to reach audiences the smart move was to release your work in as many mediums as is logical and possible. Think of your book as Beta and all of the other options as the VHS of today.

1. Develop Video-Based Training

Develop a video library containing 6 to 10 themes that are subsets of your work. For each of these themes you should be able to come up with 5 to 10 (sometimes more) 2-5 minute video vignettes. They should be able to stand alone (although bundling a few is okay) and they don’t need to be produced in an expensive studio – in most cases you can produce them yourself with the technology that is out in the market and inexpensive.

Some of these vignettes can be given away for marketing purposes but given that they are modular you can package and bundle them to meet the needs of a client. These are often licensed to large companies for special showing on a per trained person basis or on an enterprise basis. Many companies also fund training for their clients – not just their employees.

2. Develop New Tools, Utilities and Applications

Developing tools to help drive the learning is another way to leverage your content. Tools are getting easier and cheaper to develop every day. They do not have to be mechanical or mathematical. They can be literary, colorful or artistic. Games can also be developed for use as learning tools. Make them useful and make them fun and enjoyable.

3. Reformat and Repurpose Your Content

You don’t need to create new content as often as you probably are doing it today. Once you create content it is far easier and more profitable to simply make it available in all the different ways clients will want to buy it. Create an inventory of your content, note the format it is in (articles, manuscripts, workbooks, PowerPoints, videos, etc). Reformat them. For example, take your best 5 articles and create videos from them. Take your workbooks and create a tool-kit. Write it once and make it available any way and every way your people want it available to them. Price it so that it sells.

4. Develop Your Consulting Business

In most cases the book bestows the author with a very personal process or methodology or at a minimum a distinct point of view. This is inherently embedded in the book and the author and the work he/she is capable of. Consulting is your ability to offer that perspective to help solve a specific problem for a specific client based on circumstances that exist at a specific point in time. Consultant fees should cost more than workshop training since it is not as readily scalable.

Identify the people in your target audience and offer your consulting services as a thought leader so that you may offer your input, perspective and deliver solutions on demand. Identify people who do what you do and offer them insights into how to solve the problems facing them as they seek to achieve success wherever they may be. Make use of the mobile, Internet and social media technologies so that you can communicate and perform what is needed no matter where you or they are located.

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In speaking with a wide variety of authors and thought leaders lately it occurred to me that while every author clearly has content, not every author has content that can evolve into a viable business. The reviews may be off the charts and the feedback may be incredible, but don’t allow that to cloud your judgment when it comes to making investments in your business.

Investments come in many shapes and sizes – your time, your effort, your energy, your dollars and your opportunity costs. Accolades are a great thing to receive, but you need to be able to clearly answer the following four questions (and no doubt many more) prior to making investments into your content in hopes that it has the potential to be a viable business.

1) What’s the need? What is the problem it solves?  Is it a big problem?  A small problem?  Are you attempting to create a new problem that isn’t really a problem?

2) How can you fill the need?  This involves understanding the competitive landscape, the format in which your content needs to exist, your ability to market it, etc.

3) Who has the need?  If it’s “everyone” it’s no one. You need to be able to clearly identify specific populations that have the need for your content and those who can benefit from it the most. Then you need to build out solutions with those audiences clearly in mind.

4) Will they pay for it? This is really the big one. You may be able to successfully answer all of the questions above but how do you know if enough people will pay for your content (in a variety of formats) to make it a worthwhile venture?  I’ve seen dozens and dozens of authors develop cutting edge solutions without having any reliable market intelligence and waste years of their lives and hundreds of thousands of dollars.

The good news is that in today’s market there are countless ways to inexpensively test very specific solutions against very targeted audiences to gauge their propensity to spend real money on your solutions. Testing and failing small, even often, is a good thing. Not testing the market and failing big in the process is not only a bad thing but totally unavoidable.

 

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Constantly Creating vs. Leveraging

August 4, 2010

Tweet     In most businesses the goal is to develop a product, service or solution that can be leveraged. It’s not a very controversial topic – it’s just how companies operate. In the world of content it doesn’t always work that way. I couldn’t imaging Steve Jobs telling his team, “Hey that MacBook thing [...]

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Do you have the clarity you need to set your priorities?

July 15, 2010

Tweet In speaking with a wide range of authors and thought leaders lately one of the key things that struck me was the connection between clarity, the ability to prioritize activities effectively and success.  I believe that clarity is not exactly a binary state but it isn’t  something that exists on a continuum either. I [...]

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The top 4 challenges that authors and thought leaders face…

July 2, 2010

Tweet I’ve spoken with over 50 authors and thought leaders in the last few weeks and asked them all what they struggle with.  The range of experience and levels of success that this group has achieved was varied; I spoke with experts that had been practicing for 30 years and some that have been practicing [...]

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How can you challenge an assumption when you aren’t aware that it exists?

June 8, 2010

Tweet I recently wrote a piece on challenging your assumptions (http://bit.ly/blHITH) and based on some of the comments I got as well as some additional thinking on the subject I realized that we can’t challenge something if we aren’t aware that it exists.  Even if we are aware that something does exist it may not [...]

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What is the potential value of your content?

April 26, 2010

Tweet I’ve observed on many an occasion a lack of clarity around the potential value an author or thought leader has relative to their content.  In order to understand what the potential value is and how you can go about obtaining it you need to be able to answer the following question. Is it the [...]

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Do you have the right STIM?

April 9, 2010

Tweet In my work I witness first hand all sorts of frustration.  Individuals contributors are frustrated when they don’t feel heard; when the objectives that they are tasked with meeting seem unreachable; when they need to constantly battle internal politics and silos in order to serve their clients, the list is almost endless. Teams are [...]

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There is a market for commodities, there is no market for ideas.

March 3, 2010

What’s the market value of a good idea? In my experience it’s pretty much a big fat zero.

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