Information is the most in-demand and potentially profitable product on the internet. It has also become one of the most costly. Online users are seeking new skills, competencies and knowledge to support their careers, hobbies and expertise. In fact many are very happy to invest thousands of dollars to acquire the exact knowledge you possess.
If you are an authority in your market niche, you should consider developing products to meet the specific needs of prospective clients. That is where developing and marketing high-priced products of your own fits into your own business plan. Just a few of the many options that fall under the high-priced product umbrella are training boot camps, live seminars, one-on-one coaching programs, advanced coaching programs, and advanced tele-seminar/tele-class programs. Advanced programs provide comprehensive, detailed information and data focused on the specific topics.
Creating in-demand high-priced products starts by having a clear understanding of your exact target market. This includes understanding their most compelling questions and problems, as well as their knowledge and skills. With that knowledge in-hand you will know exactly the right high-priced product or service to provide. Don't forget to make sure those within your target population can pay for high-priced products. Over deliver on quality and content. Remember these buyers are spending significant funds. Their expectations will be high.
Once you've determined your target audience and the specific needs you will fill, determine the best format for delivery. For example, are you going to provide boot camps, live seminars, advanced coaching programs, or something else? Your next step is to develop a comprehensive outline of the program. Most will include a presentation. Create and outline within your outline that focuses specifically on the highlights of your presentation. In that way you will hit all the key points. You will also be able to smoothly lead discussions and question and answer sessions as well.
An excellent strategy to use with high-priced products is to request other experts also speak. Not only does this add more expertise and authority to the high-priced products you create, but it also adds different perspectives on subjects as well as additional high-quality information and data. All of this combines to create a higher perceived value. Don't be afraid to ask the experts to develop their own information or to aid in the final preparation and marketing of your high-priced product.
To your internet marketing success!
Interesting in learning more about this topic? Download my free ebook on internet marketing .
Bob Hamilton is an entrepreneur, author, writer, business consultant and trainer. http://www.OpeningADollarStore.com