Give your revenue strategy a boost

Getting anyone to consume your content is an arduous task. But you’re only half way there if you want to see real revenue from your content. At CEX, Adam Schaeuble, entrepreneur of Podcasting Business School, shared five things to do to help boost your content business’ income.

1. Position yourself as an expert with credibility: People listen to creators who entertain or provide valuable information, but they mostly buy from people they (and others) trust as experts. They are likely to buy coaching sessions, membership packages, books, etc.

Think about what your content does to portray you as an expert voice. Adam starts every podcast with a 60-second testimonial from a happy client. Then, he includes it on his website. That third-party credibility helps audiences to decide to spend money without having to just rely on your confident presentation alone.

2. Follow the two-thirds rule: This may be the most important part of building your expert position. Be the expert in your content two-thirds of the time. Adam struggled early on to get his audience to invest in his services. He realized just interviewing people every episode left his listeners without any reason to pay for his advice. He was only proving that he could speak with experts. Once he switched to more solo episodes where he is the expert, Adam saw audience conversion spike.

3. Pick a single call to action: Too often, content entrepreneurs ask their audience to buy their services, like their posts, comment, email questions, follow them on every social media, and purchase the product of a sponsor or two. It’s too much. 

When you overwhelm your audience with requests, you emphasize none of the CTAs and will struggle to see meaningful growth. Ask your audience to do one thing. Adam asks himself what his audience could do that would make the most impact in that moment and stays with that CTA for eight to 12 episodes.

Helpful Resource: CTA: Ask Your Audience To Do Something

4. Climb the content monetization pyramid: View your product and service offerings as a pyramid. The first level, which Adam dubs “start anytime,” represents the superpower of lesser-known creators. You can afford to give your audience direct access to you. A personal connection is massive in converting listeners to clients. 

Next, you can focus on campaigns, like holding a boot camp or workshop. Then, comes recurring offers like memberships. This is Adam’s favorite level of the pyramid because this money just keeps showing up.

Once your audience consistently totals about 500, your brand can attract level-four evergreen offers, such as affiliate marketing, brand partnerships, and sponsorships that cap the pyramid.

5. Set more informed income goals: Creators often error by chasing a revenue goal. But earning more money won’t mean that much if you don’t have any time to enjoy it or the freedom it provides. Adam worked himself into the hospital three times, making that mistake. 

When you set an income goal, fill in this two-part sentence: “I want to earn $___________, by working _____ days a week.” Be just as diligent in tracking and sticking to your time goal as you are about the financial goal.

The post Give your revenue strategy a boost appeared first on The Tilt Publishing.