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Creating Passive Revenue via Teleclasses

Written by: Margaret Gill

Article Overview: A teleclass is learning on the phone and using teleclass technology you can create multiple streams of passive revenue on a shoe string these days. What many don’t realise is the potential these simple products have to provide you with passive revenue using the knowledge you already have.

Creating Passive Revenue via Teleclasses

Passive revenue is the term for “making money while you sleep”. It is when you create a product or service once and then keep on-selling it over time with no further interaction in terms of time or effort from you.

Music CDs are a grand example. The artist goes into the studio or their sound engineer records them live so their fans can experience them after they stop playing. But unlike my friends little boy who thought that the radio had all the bands playing each song live at the radio station, the band can often be sound asleep while you are buying and playing their CD’s – gotta love that.

Lets just get one thing clear = PASSIVE REVENUE ROCKS!!!!

It rocks because everyone wins. You get money in your bank for very little effort and in most instances the person buying the product gets to learn something new or improve themselves or get help in some way.

Probably the easiest way for you to get started to create passive revenue is by using the technology on a teleclass bridge line. I have no idea why it’s called a bridge but basically it is a virtual meeting place where multiple phone lines can “plug in”. So instead of just one person being on the line, you can have as many people on the line with you as you like. Some bridge lines will take up to 250 people before they even start to get slightly overloaded.

Can you start to see the potential here? What is those 250 people had paid $10 each to be there. What if they had paid $20 each – it is still cheap for them but it has sky-rocketed your hourly rate.

The benefits of teleclasses are many but here are Top Ten I love the best:

1. Amazingly cheap (no room hire or travel costs)

2. Convenience (you don’t need to leave home)

3. 100% efficient use of your time (no need to factor in traffic or public transport)

4. Location friendly (you can do them from home or the office or the beach!)

5. Full interaction of participants

6. Classes are recorded so your participants can listen again until they fully grasp the concepts

7. You can sell the recordings on your website or create CD’s and create passive revenue streams

8. You only need a landline telephone

9. No fuss - you can do the class in your pyjamas if you like

10. Its fun and easy!

Even if you don’t want to sell the audio you can use it as a value add to give away to your clients and we know how much I support value adding for your clients.

To get a bridge line you simply need to sign up with a company offering bridges online and guess what; in many cases there is no charge to sign up or no charge to use the bridges – yes it’s totally fr.ee! Then you will be emailed a special phone number to dial and you are in business.

Some clever people have added audio recording facilities to bridge lines and all the leader of the call (that’s you) has to do is to log onto a website, log in and then press one button labelled “start recording” and it starts the recording of an mp3 file (which is just the name of the audio file that plays back). Then when you are finished you either press the “stop recording” button or you hang up and the machine creates your file for you.

It really is that simple to record basic audio these days. Of course you can always go for all the hoots and whistles and go into a studio and have a sound engineer do it for you but the bridge option will give you a basic product at low or no cost that you can replicate for next to nothing on your website. It will also give you a fair quality to put onto a CD.

Many therapists are using this to record mediations and teaching or even just to record sessions so clients can play back what you have said. If you think about it like the old fashioned tape recorders called walkmans we used in the “olden days” – bridges have all the same benefits but it also gives you the ability to load audio to your website or you can even podcast your audio and sell it on itunes if you are a little bit techy.

People sometimes freak out and think – what on earth would I teach. Well I’ll tell you a big secret. People are learning machines and you will be surprised what they will pay to learn. If you start to think about how much knowledge you have already amassed over the years through the courses you have attended or the learning you have done at the coal face, you are starting to get an idea of some of the things you can put on audio. It is about working out which parts people will pay money to learn and then picking up the phone.

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Article Tags: multiple streams, shoe string, teleclass



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