Tag Archives: product launch formula

Product Launch Formula 2022 Is Live

I’ve got some great news today… Jeff Walker just opened up registration for his new Product Launch Formula Coaching Program.

It’s a complete A-Z system for launching, growing and scaling a profitable online business, or even taking your offline or brick and mortar business online to take advantage of the surge in Post Pandemic online sales.

The same system Jeff and his coaching students have used to generate over $1 BILLION in sales for their products and services in virtually every kind of market you can imagine.

And it’s only going to be open for a limited time.

Here’s where you can learn all about it…

CLICK HERE to learn more about Product Launch Formula 

Warm regards,

Rocky Tapscott

P.S. Jeff typically opens up this program only once or twice a year. It’s going to be available for just a few days. Make sure you check it out right now…

CLICK HERE to join PLF

Disclaimer: If you purchase PLF through my affiliate link I may receive a referral fee from Jeff Walker, however you will pay no more to purchase the program through me than if you went directly to the Product Launch Formula website. If you would like my personal help as you create your first launch using the PLF process, check out my PLF Bonus offer here.

5 Info Product Creation Tips Tricks and Hacks To Power Your Product Launch

If you’re getting ready to do a product launch for a physical or digital information product, then you’re definitely going to be creating a lot of digital content as you build that product offer.

That’s because you need a complete sales funnel, from your front end lead magnet, to your core product offer, to your backend products – and everything in between.

So if you’re like most info-product creators, you’re always looking for hacks to make the creation process easier and to make sure you have a great end result. That’s exactly what you get below, so read on…

Be Sure You’re Product Launch Is For Something That’s In Demand

Don’t even think about creating a product until you’ve done your market research, as there’s no use creating a product if no one is going to buy it. So what you need to do is find out what people are already buying in your market, and then create something similar (yet better).

Think Ahead To An Integrated Product Suite

Whenever you create a product, you should be thinking about how this product fits into a new or one of your existing sales funnels. This includes everything from the specific lead magnet at the front of your launch funnel to the core offer to backend offers.

If you can’t figure out how a product fits into an existing sales funnel (unless of course this is your first product), then you’ll want to ask yourself why you’re even creating it.

Create Products Faster

Consider these ideas for making more products in less time:

• Outsource some or all of your product creation. This is the fastest way to create a lot of products very quickly, and it frees up your time to focus on other high-value tasks.

• Use quality private label rights content to create everything from your core product to your bonuses. Just be sure to tweak it to make it unique.

• Repurpose existing content. For example, turn a collection of your best blog posts into a lead magnet, or turn those blog posts into videos, audios, guides and reports.

• Use speech to text technology. If you’re creating text products, you might find it faster to write them if you use software such as Dragon Naturally Speaking.

• Do webinars. This takes about an hour of your time, yet you’ll have a product you can give away or sell for months or years to come.

Next…

Create A Multimedia Product

Not everyone learns in the same way. That’s why, whenever possible, you should seek to offer multiple versions of your product (text, audio and video) to accommodate people’s individual preferences.

Ideally your product should include some or all of the following:

  • One or more video tutorials
  • Audio recordings of the videos
  • Transcripts of the videos
  • Checklists
  • Cheatsheets
  • Private Mastermind or community
  • Group coaching
  • One-on-one coaching
  • Question and answer calls

Related Video: How To Create A High Value Product With A Low Refund Rate

Create a Catchy Title For Your Product Launch

Your title can make or break your product, which means you should spend some time brainstorming and testing catchy titles. Use these templates to get you started:

  • The Secrets Of [Getting a Benefit]. The Secrets of Starting a Six-Figure Business.
  • The A-Z Guide Of [Topic]. The A-Z Guide to Selling Your Own Home.
  • What Every [Type of Person] Ought to Know About [Topic]. What Every Parent Ought to Know About Raising Happy, Healthy Kids.
  • How to [Get a Great Result] Without [Some Bad Thing]. How to Melt the Fat Fast Without Feeling Deprived.
  • The #1 Way to [Get a Benefit]. The #1 Way to Create a Bestselling Novel.

Conclusion

I hope these product creation tips help you to build our your product launch funnel so you can generate a bunch of sales and profits.

If you can create and launch a product or service that fulfils an important need for a large, accessible crowd of fanatics with cash to spend, you can create a long-term, sustainable business for yourself and your family that will allow you to prosper for many years to come.

Talk soon,

Rocky

P.S. Being able to create a Perfect Product is a great start, but you also need a way to generate sales in a consistent way. Running a Product launch is a proven way to not only build your list, but generate Social Proof and make a large number of sales quickly. To learn how to launch your product successfully, check out Jeff Walker’s free Product Launch Masterclass here.

PLUS: When you’re ready, here are 3 ways I can help you to grow your business using product launches:

1. How To Build A Profitable Launch List.
Building an email list is critical if you plan on doing a launch for your product, service or business. List Warrior will show you a proven way to use free software to build a responsive list of prospects who are ready to buy from you during your launch. Click Here.

2. How To Create The Perfect Product 
Creating a product that is perfect for your audience does not need to be difficult. How To Create The Perfect Product shows you how to build high value products your audience will love one after the other. Click Here.

3. How To Attract Buyers To Join Your Launch List So They Can Purchase Your Perfect Product.
Once you have created your Product Launch List and your Perfect Product is ready to go, you need to attract people into your world so they can buy from you. One Minute Free Traffic gives you a proven way to attract buyers with ‘Automated Traffic Machines’ so you can send those people to your optin page, your sales page, your Facebook Group or anywhere else you choose.    To learn more Click Here.

And don’t forget to check this out 🙂

How to Earn $20 in 20 Minutes With Any Topic, Niche or Hobby

Disclaimer: If you purchase PLF through my affiliate link I may receive a referral fee from Jeff Walker, however you will pay no more to purchase the program through me than if you went directly to the Product Launch Formula website. If you would like my personal help as you create your first launch using the PLF process, check out my PLF Bonus offer here.

Questions to Ask Before You Price Your Product

As you prepare for your upcoming product launch, one of your jobs is to find the “sweet spot” when you price your product. Getting this right requires a little upfront research, a little bit of experience, and a bit of testing.

Here are some of the important questions to ask yourself in order to help determine the price that will bring you the highest conversions, lowest refunds, and most profits…

What are your competitors charging for similar products?

What you’re going to find is a range of prices, but you’ll also find a median price or price range. This is where MOST similar products are priced.

For example, let’s suppose your product launch is going to be for a program that consists of 12 Video Tutorials, 3 PDF Reports, a bunch of Checklists and Implementation Guides, and access to a private Facebook Mastermind.

After surveying your competitors, you find that prices for competing products range from $297 to $997. However, perhaps you find that most products sit right around $497. You can use this $497 price point as your starting price, and then slide up or down on the price depending on your answers to the following questions.

How does your offer differ from the competing products?

Next, you want to look at exactly what you’re offering versus what the competitors are offering.

This includes:

  • What formats are the other products within your price range? Some product formats naturally increase the perceived value of an offer. For example, a step-by-step video series and regular group coaching with have a much higher perceived and actual value than just a couple of videos and a bunch of ebooks or Guides.
  • How do the accessories/supplements/bonuses are you offering compare to what your competitors are offering? Certain bonuses can really boost the perceived value of an offer, such as personal or group coaching.

Before we move on, grab a copy of Jeff Walker’s Product Launch Blueprint where he covers this topic in detail.

Next…

How are your positioning your product in the market?

This is about your overall branding as well as your positioning for that specific product. And both the overall branding and positioning will heavily influence your price.

For example, if you’ve positioned your business as a “low price leader,” then obviously you need to price your products on the low end of the typical price range for similar products.

On the flip side, if you’re using positioning that speaks to high quality, luxury, or uniqueness, then you can price the product at or above the high end of the price range.

One critical point to mention here is something I can still hear Dan Kennedy saying any time I’m pricing a product, and that is this:

“You never want to be the cheapest in your market. Your goal is to be the most expensive and then build the value of your offer so it still seems like it’s a no-brainer.”

All other things being equal, price your product high rather than low. You’ll get better customers, who complain less, and you can give them much better value.

How will you track and test your launch pricing strategy?

So, at this point you’ve picked a price based on what your competitors are charging for similar products, as well as the perceived value of your product and your positioning.

Now what?

Now you need to track and test your pricing. The fastest way to do this is by using paid advertising – such as through Facebook or Google AdWords – where you can send a lot of traffic, test several prices, and know which price produces the most conversions within hours or days. It’s the only way to determine your true pricing sweet spot!

Another big benefit of using paid advertising to optimise your launch pricing like this is that once you can give your JV partners conversion numbers, they will be much more likely to want to promote you to their customers.

Conclusion

If you ask yourself the questions above and follow through with research and price testing, you have a good chance of finding your optimal price for your product launch – the price that generates the most profit while giving your customers awesome value.

Best thing to do is to walk into this process without expectations, because sometimes pricing takes an unexpected turn (such as a higher price producing better conversions and lower refunds). Just be sure to look at overall profits (front and backend) to determine the best pricing strategy for you.

Talk soon,

Rocky

P.S. Being able to create irresistible offers is so important to the success of your business that I’ve put together a Free Cheat Sheet that shows you how to create the perfect offer. To make sure you don’t miss anything as you develop your offer, click here to grab your Free copy of The Perfect Offer Cheatsheet

PLUS: When you’re ready, here are 3 ways I can help you to grow your business using product launches:

1. How To Build A Profitable Launch List.
Building an email list is critical if you plan on doing a launch for your product, service or business. My 1-2-3 List Building Cheat Sheet will show you how to build a responsive list of prospects who are ready to buy from you during your launch. Click Here.

2. How To Create A Signature Product Out Of Thin Air In 72 Hours Or Less
Creating your product does not need to take weeks or months. My 72 Hour Product Creation Guide shows you how to build high value products or bonuses one after the other in 72 hours or less. Click Here.

3. How To Outsource Your Product Creation And Make It Hands Free.
Outsourcing the creation of some or all of your products and bonuses is a great way to save your time for the more important (and more fun) things you’d rather be doing. Grab my Hands Free Outsourcing Cheat Sheet to learn more. Click Here.

And don’t forget to check this out 🙂

Jeff Walker’s free Product Launch Formula training.

Disclaimer: If you purchase PLF through my affiliate link I may receive a referral fee from Jeff Walker, however you will pay no more to purchase the program through me than if you went directly to the Product Launch Formula website. If you would like my personal help as you create your first launch using the PLF process, check out my PLF Bonus offer here.

5 Product Launch Customer Service Mistakes You’ll Want To Avoid

As you prepare to start your Product Launch (regardless of whether it’s a Seed Launch, Internal Launch ora  JV Launch, one of your most important considerations is how are you going to handle a potential avalanche of customer support enquiries.

And while your customers don’t make decisions about your business based on the quality of your customer service alone, their decision about whether they’ll ask for a refund or whether they’ll continue to do business with you will often be based on their customer experience with your support desk.

That’s why people who receive a delicious meal but poor service at a restaurant don’t very often go back. And your customers are the same way – they might feel your product is awesome, but they’re unlikely to hang around or do repeat business with you if your customer service stinks.

So how do you provide a good customer service experience? You start by avoiding these common mistakes…

Mistake 1: Putting A Low Priority On Customer Service

Sometimes, and particularly during a hectic product launch, business owners look at customer service as a nuisance, so they end up putting it on a low priority. That’s a big mistake.

Without your customers, you have no business. That’s why you’ll want to be sure that everything from your web design to ordering process to customer care experience is your top priority so that your visitors walk away satisfied.

Mistake 2: Taking Too Long To Answer Customer Inquiries

Launching a product or service is a fast-paced activity, and if you don’t answer customer service inquiries quickly, your prospect will move on to something else that they feel is more urgent.

That’s why you want to make sure you answer inquiries the same day, and even within an hour or two if possible, especially during your open cart period when people are making their buying decision.

Mistake 3: Not Providing Anything Other Than An Email Address

The problem with handling all customer service strictly through email is that emails can and often do get lost or missed, either on your end or the customer’s end. And when they do get lost, the customer will assume you’re ignoring him or her. As you might expect, that’s going to be a bit problem.

The solution?

1. Use a help desk platform instead. Even if you use email, the help desk platform keeps a record of the entire conversation so replies never get lost.

2. Give people a phone number that WILL be answered by a real person 24 hours a day. With ecommerce being a global business, the odds are some of your potential customers will not be living in your time zone or even your country.

Giving people the option to have their questions answered right away (while they are excited and ready to order), or to have their orders processed on the phone has proven to increase conversions.

Mistake 4: Failing To Train Your Customer Service Reps

Another common mistake is to assume that your hired staff knows everything there is to know about providing good customer care. That’s not necessarily true, even if they are experienced.

That’s why you’ll want to lay out instructions for all your staff about how to handle customer service inquiries, including:

  • Offering cut and paste answers for common inquiries.
  • Providing training on how to incorporate your business branding into customer service replies, where applicable.
  • General instruction about what you expect, such as how to address customers and prospects.

Next…

Mistake 5: Not Anticipating High-Volume

If you’re launching a product or even running a big sale, you must anticipate the increased demand for customer service on these higher-volume days and bring on more staff to handle the extra load.

It’s better to have people underworked for a few days during your open cart period than missing out on what could be a LOT of sales during your launch.

Conclusion

During your product launch, customers are the lifeblood of your business, so make sure you treat them right. That’s why it’s critical you do everything you can to avoid the five mistakes listed above, and Jeff looks at how to manage the large influx you’re going to get in your launch during his free Product Launch Masterclass.

PLUS: When you’re ready, here are 3 ways I can help you to grow your business using product launches:

1. How To Build A Profitable Launch List.
Building an email list is critical if you plan on doing a launch for your product, service or business. My 1-2-3 List Building Cheat Sheet will show you how to build a responsive list of prospects who are ready to buy from you during your launch. Click Here.

2. How To Create A Signature Product Out Of Thin Air In 72 Hours Or Less
Creating your product does not need to take weeks or months. My 72 Hour Product Creation Guide shows you how to build high value products or bonuses one after the other in 72 hours or less. Click Here.

3. How To Outsource Your Product Creation And Make It Hands Free.
Outsourcing the creation of some or all of your products and bonuses is a great way to save your time for the more important (and more fun) things you’d rather be doing. Grab my Hands Free Outsourcing Cheat Sheet to learn more. Click Here.

And don’t forget to check this out 🙂

Jeff Walker’s free Product Launch Formula training.

Disclaimer: If you purchase PLF through my affiliate link I may receive a referral fee from Jeff Walker, however you will pay no more to purchase the program through me than if you went directly to the Product Launch Formula website. If you would like my personal help as you create your first launch using the PLF process, check out my PLF Bonus offer here.

3 Hours Left To Get Product Launch Formula

So there’s a couple of hours left in Jeff Walker’s Product Launch Formula launch, and the new offer that’s live right now includes the full PLF training program, with the strategies and tactics that have driven over a BILLION dollars in launches by his students.

It’s got nine modules that walk you through creating your first launch… and then growing your launches from there (note that he has completely rebuilt the course for the new PLF Program).

You’ll get email swipe copy, a targeted timeline, and checklists to help keep you on track, module by module, complete launch videos and scripts from launches in various markets, access to the PLF Community… and let’s not forget 12 months of coaching calls.

You can learn more about PLF here (but only for the next 3 hours)

Plus you’ve got some pretty incredible bonuses included with Product Launch Formula:

– BONUS: Jeff’s complete “Launching Your List” video training course – this course is ALL NEW for 2019, and it shows how to grow an email list of people hungry for what you offer.

– BONUS: the full-blown “Product Creation Code” video training course that shows you how to create an online training program that people will pay you for.

– BONUS: two tickets to his “PLF Live” program – this is a three-day, live, in-person workshop led personally by Jeff himself. The event will be in Phoenix, AZ, USA – they’re still finalizing the dates, but it will likely be later in the year or early next year.

– BONUS: “Your Tech Stack Quick Start” – this is Jeff’s team training you on picking out the technology for your launch, and getting it set up. If you’re just starting out and you’re intimidated by the “technology question”… they’ve got you taken care of.

– BONUS: “Book Launch Campaigns” – if you’re an author, this one is all about how to launch your book.

– BONUS: the “Sparta Launch” training on how to sell very high-priced, small-group workshops or retreats. The best part is that Sparta launches are generally done purely via email.

– BONUS: The “Live Launch” training – Jeff’s PLF launch followed an entirely new model… and he’ll be creating this special bonus to debrief the process and his results.

You can learn more about PLF here (but only for the next 3 hours)

And he just added these three new bonuses:

NEW BONUS: Jeff’s brand new OPERATION QUICK START mini-module, which is perfect if you’re just starting out – this training will show you what to do first to quickly get your business up and running fast.

NEW BONUS: His new THE SECRETS OF LEVERAGE AND SCALE mini-module, which is all about moving from a 1-on-1 or unleveraged business… to creating true leverage and scale in your business (so you can make more money and impact without working more hours).

NEW BONUS: the LAUNCH PARTNERSHIP mini-module, which teaches you the lucrative business of helping other people with their launches… either as a consultant, a launch manager, or even as a full business partner.

Again, this offer is live right now… but only for a couple more hours.

Here’s where to go to learn more and join us if you feel it’s the right fit for you and your business.

See you inside the members portal,

Rocky Tapscott

Disclaimer: If you purchase PLF through my affiliate link I may receive a referral fee from Jeff Walker, however you will pay no more to purchase the program through me than if you went directly to the Product Launch Formula website. If you would like my personal help as you create your first launch using the PLF process, check out my PLF Bonus offer here.

How To Build Your Product Launch Email List Step By Step

No matter what type of product or service you’re going to be using a product launch for, one thing you need to be doing is building a product launch email list. That’s because an email database is one of the most valuable assets you can have.

Even if every one of your traffic sources dried up overnight, you’d still be okay as long as you had your list. And even if your products somehow disappeared off the face of the earth, you could still make money by selling other people’s stuff as long as you had your email list. So the point is, list building should be a top priority for you.

That’s why I’ve create this checklist so you can be sure you have all the right pieces in place. Take a look…

First Up You’ll Need An Enticing Lead Magnet

A great lead magnet could be an ebook, video, app, ecourse or anything else that has the following characteristics:

  • It’s easy to deliver. (It would typically be a digital download that you deliver automatically through your autoresponder)
  • It’s something your prospects really want. (Hint: do your market research to find out what problem people in your niche really want to solve and give them the solution)
  • It has a high perceived value
  • It solves a specific problem (it’s not a bunch of general ‘tips’ but something actionable people can get a result from)
  • It sells something else on the backend (such as your front end product)

You can learn more about lead magnets here

Develop A Compelling Optin Page

Even though your lead magnet is free, people aren’t going to knock down your door to claim it unless you show them it has a lot of value. That’s why you need to create a lead or optin page that persuades people to fill in your opt-in form to grab it. Keep these tips in mind:

  • Be sure your lead page looks polished and professional
  • Lead with your product’s main benefits and the results people will get from consuming it
  • Arouse your prospect’s curiosity about the lead magnet if possible. (With the idea being that the only way to satisfy their curiosity is by opting in and getting the lead magnet)
  • Use a specific call to action to get people opting in (EG – Enter your email address into the form below below to grab your copy)

Personally, I use LeadPages and love them, but there are plenty of alternatives these days.

One more thing before we move on: Being to create irresistible offers is so important to the success of your list building campaign and ultimately your launch that I’ve put together a Free Cheat Sheet that shows you how to create the perfect offer.

If you can make irresistible offers at both the lead generation stage and for your product or service itself, your launch should absolutely crush it. To make sure you don’t miss anything as you develop your offers, click here to grab your Free copy of The Perfect Offer Cheatsheet

Choose A Reputable Autoresponder

Steer away from using ‘free’ or seemingly low-cost autoresponders or services without a proven track record over many years. Go with well-established services such as Aweber.com, GetResponse.com, iContact.com and similar.

Create An Initial Autoresponder Sequence

Generally, this multi-part sequence should introduce you to new prospects, let them know what to expect from you, bond with them and ultimately promote your front-end or ‘tripwire’ product. Keep these tips in mind:

    • Offer an informational sequence that’s useful (to build good relationships and keep people reading), yet incomplete (which helps you steer people towards paid products).
    • Provide a three to seven-part sequence that’s informative and engaging. Each email should build anticipation for upcoming emails. E.G., “Next time you’ll discover a little-known trick for getting rid of cellulite!”
    • Craft benefit-driven, curiosity arousing subject lines to get the open. E.G., “Start a six-figure business for just $47?”
    • Use responsive templates/HTML in your emails, as a large number of your subscribers will be reading your message from their mobile phones.
    • Track and test your emails. It’s the only way to know what’s really working in terms of email subject lines, sales copy, calls to action, and even the offers themselves.

And finally…

Make A Commitment to Maintaining Your List

It’s pretty pointless to go through all these steps if you don’t intend to stay in touch with your subscribers regularly. So, commit to emailing them at least once or twice a week, and you’ll see your list profits continue to grow!

By starting to build your email list now, when you’re ready for your product launch you’ll have a group of people who already know who you are, who you’ve already helped, and who will be responsive to buying from you again.

These people will be especially responsive if you invite them to co-create your new product using a Seed Launch. And they’ll be your most rabid buyers if you run an Internal Launch before you roll out your  JV Launch.

Warm regards,

Rocky Tapscott

PLUS: When you’re ready, here are 3 ways I can help you to grow your business using product launches:

1. How To Build A Profitable Launch List.
Building an email list is critical if you plan on doing a launch for your product, service or business. My 1-2-3 List Building Cheat Sheet will show you how to build a responsive list of prospects who are ready to buy from you during your launch. Click Here.

2. How To Create A Signature Product Out Of Thin Air In 72 Hours Or Less
Creating your product does not need to take weeks or months. My 72 Hour Product Creation Guide shows you how to build high value products or bonuses one after the other in 72 hours or less. Click Here.

3. How To Outsource Your Product Creation And Make It Hands Free.
Outsourcing the creation of some or all of your products and bonuses is a great way to save your time for the more important (and more fun) things you’d rather be doing. Grab my Hands Free Outsourcing Cheat Sheet to learn more. Click Here.

And don’t forget to check this out 🙂

Jeff Walker’s free Product Launch Formula training.

Disclaimer: If you purchase PLF through my affiliate link I may receive a referral fee from Jeff Walker, however you will pay no more to purchase the program through me than if you went directly to the Product Launch Formula website. If you would like my personal help as you create your first launch using the PLF process, check out my PLF Bonus offer here.

How To Quickly Create Products And Bonuses For Your Product Launch

If you’re planning on doing a product launch, then you’re going to be creating at least one core product, along with a number of bonuses.

And ultimately your sales process could include:

  • One or more lead magnets so you can generate new prospects for your product launch
  • Potentially one ‘tripwire’ products you sell before your launch to reduce your lead cost
  • Your core offer including the training, checklists, cheatsheets and any personal attention you’ll be delivering
  • And up to 5 bonus products

NOTE: Jeff discusses all of the components you’ll need to create a great product for your launch in his Product Launch Blueprint which you can download here.

Once you move past your launch, or if you create an evergreen launch, you might include upsells, cross-sells, backend offers and more opportunities for people to buy from you.

Now here’s the problem…

All of this product creation can take a LOT of time.

You need to do market research to understand what people want to buy…

You need to go through the process of actually creating the products…

And you need to proof, edit and format them…

And that doesn’t even count the marketing for your launch.

The good news is that you have three really good options when it comes to creating products. These options include:

1. Doing it yourself

2. Outsourcing it to a competent freelancer (or a team of freelancers)

3. Getting other experts to create it for you for free.

Which one should you use?

Honestly, the best option is to use a combination of all 3.

Sometimes you’ll want to create a product yourself, sometimes you’ll want to outsource, and sometimes you’ll get others to create them for you for free.

Let’s take a look at each of these three methods…

Creating Your Products Yourself

Most people who are new to the information product business do all or most of the product creation themselves.

That’s okay. Just keep these 3 tips in mind:

  • Do your market research first. This should ALWAYS be the first step of creating a product, no matter which option you choose. Find out what people in your market is already buying by checking marketplaces like ClickBank.com and Amazon.com, and then create something similar yet better.
  • Create an outline. Don’t just wing it. Creating a solid outline will help you create a product that is truly useful for your customers.
  • Schedule specific blocks of time to work. In other words, take your work time as seriously as you schedule any other time, such as appointments. Then create a daily to-do list, and don’t stop working until you’ve accomplished what you’ve set out to do on that particular day.
  • Download my Free Guide – “How to create a signature product in 72 hours or less” to learn how to fast track the creation of your information products and bonuses so you can be ready for your launch much sooner than you ever thought possible. Grab Your 72 Hour Product Creation Guide Here

Next…

Outsourcing Your Product Creation

A lot of people think they can’t afford to outsource. However, you may be surprised at just how affordable it is.

Take this example…

Let’s suppose your goal is to build a business generating $100,000 this year working 20 hours each week for 50 weeks. That works out to 1000 hours worth of work, which makes each hour you work worth $100 per hour.

Now consider how long it takes you to do a particular task. For example, how long would it take you to write, edit, format and put the finishing touches on a 5000 word report? It might take you 10 hours to do the research and the writing.

If it takes you 10 hours, and your time is worth $100 per hour, then it “costs” you $1000 to create this report yourself. Meanwhile, you can easily find a really good freelancer who’ll produce that same product for you for a fraction of that price. In turn, that frees up your time to focus on high-value tasks such as marketing.

Just keep these two tips in mind:

  • Cast a wide net when looking for an outsourcer or freelancer. You might go to freelancing sites such as upwork.com, ask for recommendations on business forums and in Facebook groups you are a member, and even post ads on employment sites such as indeed.com.
  • Do your due diligence. Carefully researching candidates upfront will save you a lot of time, money and frustration down the road. The LAST thing you should do is shop around based on price. Instead, be sure the freelancer has an established history of producing good work in a professional and timely manner.
  • Create a comprehensive, well thought out plan or roadmap for your freelancer to quote on and then follow when they are awarded the gig. The more information and direction you can give people, the better the end result will be.
  • Download my Free Hands Free Outsourcing Cheat Sheet to learn how to outsource your product creation step by step. Click Here

Next…

Getting Others to Create Your Products – For Free

How is this possible?

Simple – you crowdsource your product.

What you do is gather experts together in your niche, and ask each expert to contribute a piece of content to the product. This might be an article, a tip, or even the answers to a set of interview questions.

For example, maybe you’re creating a product about how new mothers can lose weight quickly and safely. You could ask 10 to 20 experts the best way to lose 10 pounds and keep it off. To create some variety in their answers, you could ask a variety of experts, such as personal trainers, dieticians, bodybuilders, aerobics instructors, doctors and more.

In return for providing an answer, you’ll give your contributors benefits such as:

  • Free exposure to your customers in the form of a byline and link at the end of their article
  • Free exposure by including links to their products and services on your website
  • 100% commissions on any products they sell through their affiliate links

The idea is to be sure your partners get a big reward for a small investment of their time.

So now that you know three ways to create a product, the next question is this: what kind of product will you create?

Here’s a good place to start if you want to build a six-figure business:

The Profitable Product System

And make sure you go through Jeff Walker’s free Product Launch Masterclass where he goes into much more detail about creating and launching your own products and services successfully.

Chat soon,

Rocky

PLUS: When you’re ready, here are 3 ways I can help you to grow your business using product launches:

1. How To Build A Profitable Launch List.
Building an email list is critical if you plan on doing a launch for your product, service or business. My 1-2-3 List Building Cheat Sheet will show you how to build a responsive list of prospects who are ready to buy from you during your launch. Click Here.

2. How To Create A Signature Product Out Of Thin Air In 72 Hours Or Less
Creating your product does not need to take weeks or months. My 72 Hour Product Creation Guide shows you how to build high value products or bonuses one after the other in 72 hours or less. Click Here.

3. How To Outsource Your Product Creation And Make It Hands Free.
Outsourcing the creation of some or all of your products and bonuses is a great way to save your time for the more important (and more fun) things you’d rather be doing. Grab my Hands Free Outsourcing Cheat Sheet to learn more. Click Here.

And don’t forget to check this out 🙂

Jeff Walker’s free Product Launch Formula training.

Disclaimer: If you purchase PLF through my affiliate link I may receive a referral fee from Jeff Walker, however you will pay no more to purchase the program through me than if you went directly to the Product Launch Formula website. If you would like my personal help as you create your first launch using the PLF process, check out my PLF Bonus offer here.

Check Out Jeff Walker’s Fireside Chat Replay To Have Your PLF Questions Answered

Because it’s the day Jeff Walker is going to close the cart for his latest Product launch Formula launch, and there are sooooo many people making the final decision on joining PLF…

He decided to do one last live broadcast earlier today, what he called a “fireside chat.”

It wasn’t quite as fancy as his other broadcasts – but it was super-powerful because it answered a lot of questions for anyone who was sitting on the fence wondering if PLF was right for them.

This is just an FYI… we’re going to be mailing all the people you’ve already sent over.

The broadcast started at 4pm ET/8pm GMT and it’s over now, but if you missed it, or if you’d like to watch it again, the replay is still live for the next few hours.

Here’s your link for the Fireside Chat replay.

Warm regards,

Rocky Tapscott

P.S. Jeff launch for his flagship Product Launch Formula program will be closing in around 5 hours from now. So if you think PLF could help you to launch or re-launch your business, or even if you are just a little curious, check out the Fireside Chat replay here.

Disclaimer: If you purchase PLF through my affiliate link I may receive a referral fee from Jeff Walker, however you will pay no more to purchase the program through me than if you went directly to the Product Launch Formula website. If you would like my personal help as you create your first launch using the PLF process, check out my PLF Bonus offer here.