It's Not Enough to Dream From Part Time to Full Time Boot Camp Lesson 6: Income Streams: Part 2

Leveraged Income Think: Group Your fee can be divided among many people An evening session for 10 people at $30 quickly earns you $300 A workshop for 10 people at $100 per person quickly earns you $1000 * full day or weekend retreats *workshops *classes *online lessons via conference call or webinar

Leveraged Income in Your Business *What lessons/courses can you create that a group of your ideal clients would benefit from? *Where are your ideal clients already gathered together and who would like to hear you speak? *How can you break up your 'How-to' system to teach different pieces of it? *What people need your expert information? Who can you train---in addition to your regular clients? *What events can you host?

Valerie's Leveraged Income *Five Steps to Getting a Record Deal $500/pp 6 week webinar *The Art of Branding Your Image $800/pp All day workshop *How To Find Good Talent $2500/pp Weekend Retreat for Talent Agents

Things to Consider *You can charge more for in person events because you have to cover venue, food, etc. *When doing webinars or lessons online, your client base is not limited to the people in only your geographical location. You can work with anyone via phone or internet. *You are an expert. You can teach other professionals who need your information and charge more, i.e., Valerie teaching talent agents.

Residual Income *Business that you sign once and get paid over and over for *Monthly memberships *Quarterly memberships * Other long term plans

Residual Income in Your Business *Can range in price, depending on value of the package * If monthly price is on the lower end, should be paid quarterly, semi-annually, or even yearly *Can be active income, leveraged income, or passive income

Valerie's Residual Income *Personal Vocal Coaching 1 year $1000/month=$12,000 per year Group Vocal Lessons (Class) 1 year $500/month=$6000 per year Vocal Coaching Club (Includes monthly DVD, online class and newsletter) 1 yr. $150/month

Things to Consider *Low end memberships—What can you offer to 'get people in the door' using your services? *Higher end memberships—Who is ready to work with you long term? Should be a client that has already experienced working with you on some level and needs a long term plan.

It's Not Enough to Dream From Part Time to Full Time Boot Camp Lesson 5: Income Streams: Part 1