Teleseminars are a Great Income Stream in a Slow Economy

If you are like the majority of business owners I know, you are experiencing a slowdown in your business. And when business owners experience a slowdown, they start looking for alternative ways to market their business and getting clients.

Some business owners go as far as stopping to market, which is something I do not recommend. Marketing always works, whether the economy is good or the economy is bad. As long as you are marketing effectively, you should not stop marketing! If anything, you should step up your marketing efforts and use your marketing to reach more people in your target market.

Another mistake that many business owners make is lowering their prices. They think that if their clients can’t afford their services in a slow economy, they will get more clients if they lower their prices. I do not recommend doing that. Instead of lowering your prices, I recommend offering lower cost products, such as teleseminars, that your customers can attend.

Here is why teleseminars are a great income stream in a slow economy:

- Teleseminars Do Not Cost As Much As Your One-On-One Services. Since you teach teleseminars to a group of people at once, you are working with a group of clients at once. As a result, you are going to charge less money for your teleseminars than you would for your one-on-one services.

Your potential customers are able to pay lower teleseminar prices, but still have access to your expertise.

- Teleseminars Offer Your Clients A Chance To Ask You Questions Without Paying Your One-On-One Service Prices. Many times your potential customers are interested in your one-on-one services because they want to ask you questions about certain issues that they are having.

With teleseminars, they can still ask you questions during the Questions & Answers period, but they will not have to pay your service prices. Now your clients are able to pay lower prices and still be able to get help directly from you.

- Teleseminars Help You Make More Money In Less Time. Don’t forget why you, the business owner, would want to teach teleseminars. They help you make more money per hour than you would by offering one-on-one services.

Let’s say you charge $300/hour for your services, but only $50/person for your one hour teleseminar. Now, if you have 6 people attending your teleseminar, you are going to make $300/hour for the teleseminar, exactly what you would make for one hour of your services.

Now, if you can have 10 people attending your teleseminar you will make $500/hour for your teleseminar, which is more than what you charge for your services.

Teaching teleseminars are a great way to earn money with your expertise, even in a slow economy. They are also a win-win situation for you and your clients – your clients can pay you less for your teleseminars and you can still be making a great rate by teaching teleseminars!