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Target market

Here are few more ideas to think about when contemplating how to best leverage your content and your book.  Obviously not every option is a viable one for everyone but the more you consider the more you will ultimately be able to use.

1. Create an Assessment Tool

What will happen if people read your book?  The promise of many books is that as a result of people reading or consuming it they will be able to think, act, believe, behave or perform quicker, better, faster, or easier than they have before. If you can’t answer that question, put the energy and effort into being able to clearly articulate the answer in a concise manner.

Once you know the answer to that question, now you can develop an assessment tool that measures how well they are progressing or moving towards performing at a higher level. Ideally you would develop a series of assessment tools (i.e.,—a free version, say that evaluates one crucial element for improvement, and then a number of paid  versions that that measure individual progress, team progress and organizational progress, professional prowess).

Corporate clients as well as consumers love assessment tools. They are a viable, scalable and incredibly profitable extensions of your content. They are useful products, services, and tools that allow for product diversification and intense socialization of the book content and purposes.

2. Offer Several Types of Coaching

There are several ways in which you can monetize your content via coaching:

  • Delivering coaching one to one
  • Delivery coaching in groups
  • Licensing your coaching process to others to deliver

Clearly document the coaching process you develop and utilize.  Make sure it can be readily duplicated and systematized. Include procedures, content, models, metrics, reporting, tracking for accountability, desired outcomes, and other elements to ensure that people achieve real improvement as a result of the coaching they receive.

3. Offer a Variety of Workshops

Your content can easily be converted into several workshops. The key variables are length (2 hours, 2 days, etc.) and purpose. Workshops can be customized to meet the needs of the client and the audience (by function, role, industry, demographically, geographically, etc).  Delivery of the workshops can be done by the author or by others that have been carefully selected and trained in the methodology. Workshops can be done in person, by telephone, teleconference, or by video web conference. You can also vary the price a number of ways based on the time, location, and the number of people that attend.

4. Develop Strategic Processes for Leveraging Your Speaking

Many authors focus on keynote speaking because it has traditionally paid rather well. However, the market has shifted dramatically and it is more difficult to manage and achieve success in speaking for many reasons. You can aim at developing a paid speaking income and business, but you might need to start off speaking for free.  Some authors and thought leaders continue to speak for free (at least on occasion) – particularly when the target audience is closely aligned to their target market and they can quantify the benefit as a result of all the other opportunities they receive from being there.

No matter where you are at in your career, do not view a speaking gig as a transaction. This is a very expensive mistake. A speaking event should be the beginning of a long term relationship with all the people at the event. It should not end when the applause dies down.

Whether you are being paid or not, develop a plan that covers the pre-event, event and post-event phases. You have a unique opportunity to learn a lot about your sponsor, the client, the audience members, and the people they work and communicate with. Your plan needs to be specifically designed to allow you to develop a deep understanding of their issues, struggles, culture and concerns and therefore be in a great position to offer specific solutions that will have a vital and positive impact on them. Identify their pain! Deliver help for the need! Give them ways to reach you later! Capture their contact information! Follow up with them later.

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I loved the movie Field of Dreams. It was well written and told an inspiring story. But let’s face facts – it was a movie in the classic Hollywood style that was designed to make you feel good and deliver the message that “if you build it they will come” which tugged at your heart strings. That message, tied to “The Great American Past Time” was an amazing formula that worked well…for a movie, that is.

I’m really amazed at how many authors and thought leaders that I speak with have actually subscribed to a “Field of Dreams” strategy for their respective businesses.  Basically the assumption is if they write a great book “they will come.” There are a few problems with that.

Let’s start with the basics. Who are “they”? You need to have a very clear understanding of who your target market is. If the thinking is “everyone” it won’t apply to anyone. Not only do you need to clearly understand the needs of your target market and why your content is uniquely qualified to meet those needs, but you also need to understand how they prefer to consume content. If those two issues aren’t addressed you may have built yourself a beautiful baseball field but I guarantee you the stands will remain vacant.

The second problem is the “will come” problem. I’ve witnessed amazing books with break-through content that has the potential to alter both the business landscape and the personal development arena die on the vine because “they” didn’t come. I’ve also seen plenty of absolute crap gain traction and momentum and do incredibly well financially.

You need to design a strategy that attracts the target market in the right way and you need to immediately have the right mix of products and solutions developed so that they can engage you immediately. Don’t wait for the book to launch to figure out what you should be offering. For some reason many authors and thought leaders put all their focus and effort and resources into the writing and the launch of the book and a minimal amount of effort into what happens to their business after the book is launched.

The goal of a book is pretty simple. It’s a combination of enhancing your brand, building up your credibility and cache and lead generation. There are several other goals that may be important as well (such as the sense of accomplishment). I’d strongly suggest that you don’t let the more intangible goals get in the way of the tangible ones. You can do both – it just takes planning, discipline and focus.

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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 strategy and the right people?

March 25, 2010

having great content is not an easy accomplishment by any stretch of the imagination but frankly it’s only table stakes when it comes to leveraging effectively.

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