Lesson #6.
Theme for this week is RealAudio e courses from your TeleClasses

Primer on creating RealAudio Courses

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Dear Coach...


If you're offering live TeleClasses, I'm going to do my best to convince you to also start packaging RealAudio and web based versions of your TeleClasses.

And, if you're not yet offering live TeleClasses, I'm going to do my best to convince you to start leading TeleClasses.  


I've organized this lesson into 5 key points and steps....

But first, two resources. (And, please forgive the plug, but these two resources WORK, especially if you've been putting off offering your TeleClass idea.)  

And please note that we don't get into the whole TeleClass thing in this Passive Revenue for Coaches ecourse, because TeleClasses are active revenue, not passive revenue.  And we've already got the two resources described below operating as the best way to get started with TeleClasses.

Designing and Leading TeleClasses
If you've been 'meaning to' start leading TeleClasses but haven't taken our TeleClass Leader Program, spend the $79 (December 2001) or $99 (January 2002) six week course with Dave Buck.  Not only will you learn how to package and lead a TeleClass, the course will actually get you motivated to start.   TeleClass leading details, dates, agenda here.

Filling Your TeleClass
And if you've taken the training and but haven't yet posted your class at TeleClass.com, THIS is the time to do it. I've found that when a coach picks and date and lists their class at TeleClass.com, they finally get to work to complete the class's design. Structure works.  TeleClass.com details here.



Key Primer Points


1. People WILL buy RealAudio/web based courses.

I'm not the biggest fan of RealAudio but we play tens of thousands of minutes a month via our RealAudio server, so the fact is, people are listening to RealAudio.  And they are buying it.  Case in point is our TeleClass Leader training.  Over the past six months, 250 folks have taken the live TeleClass version with Dave Buck; 175 have taken the RealAudio version instead.  (And, another 500 folks have taken the live TeleClass in the past 3 years, but we've only had the RealAudio version available for the past six months or so.) I believe that's a very significant statistic because it shows that people are willing to pay for a RealAudio version.  A decent percentage of those folks are from outside of North America, so they don't have to worry about the time differences or long distance phone charges.

2. More people will buy your live TeleClass if they know you also have a RealAudio/web version also available to them.
We generally offer a live TeleClass and RealAudio version at any given time.  We now price the live version at $20 more than the RealAudio version (given costs of the leader). And, we let the folks who are signing up for the live version also access the RealAudio segments.  This adds value and a very, very low cost to us (it costs less than 10c an hour to play RealAudio clip).  Plus people know they can always listen to the RealAudio segment if they miss a live TeleClass session, so they are more likely to sign up.  

3. Adding lots of web content will increase your registration rate for live or RealAudio versions of your TeleClass.
The biggest fear that potential buyers of your course have is "Will I get my money's worth?"  This fear is valid because there is a range of quality among TeleClass leaders, because there are varying needs among participants and because some classes are content rich and others are too light.  So, the consumer is pretty cautious.  And, we haven't even mentioned the person who is totally new to TeleClasses!  So, the more you can do to SHOW (vs Tell) your potential buyers what they'll get, the better.  I tend to write a fairly extensive course outline in my promotional copy so that people will see that we're not offering fluff or just a 'good idea' but that we've taken our good ideas and turned them into tools and information they can use immediately.  Thus, our credibility is increased and the person is more likely to buy.  

4. You can package your TeleClass into a RealAudio version and/or into a course by email format.
Some people prefer to go to a website and see all that's available to them.  For others, that's overwhelming and they prefer to get their information in nuggetized/step by step format (like the Passive Revenue for Coaches course).  Personally, I think you should offer your customers both options, and at no additional cost.  (We do with Passive Revenue ecourse because you can view past issues; we plan to convert our TeleClass Leader Program into a course by email that one can also opt for if they sign up for the live or RealAudio version.  This puts a lesson in front of them each day for 100 days, deepening the learning process, given that most people need to hear something two or three times because it sinks in deeply enough.  (I'll talk about the nuggetizing/course by email approach/system in a future Passive Revenue lesson.)

5. Once you create a course in RealAudio, you can also offer it on a CD which leads to more passive revenue.
People love the convenience of audiotapes and CDs because they can listen to them at their convenience at home or in the car and because they like building a library of such tools.  So, by serving your market, you'll also be creating additional sources of totally passive revenue for yourself.  At right is the virtual (meaning non existent) box ad that we'll be using to sell our Coach the Coach online RealAudio collection.  And, we're having the box/ad tweaked to include the words 'on CD' as well so folks know they can buy either format (online or CD).  And, fyi, there is now a way for you to burn an audio file in RealAudio format for the person's computer and in an audio format that they can play the same CD on their home or car sound system.  Cool, huh?  (Details forthcoming in a future Full Practice lesson; aren't you glad you signed up for this ecourse?  Thought you'd like it...)


Whew, that's a lot for today's lesson.  See you tomorrow with...

Lesson #7. Writing promotional copy that sells.


Best,

Thomas

with
thomas leonard

  
   

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