In this podcast, Dan Kennedy discusses the criteria for measuring the success of an info product, the history of a successful product from the 1980s, the significance of newsletters in their business, creating a product called 'magnetic marketing' that generated over $65 million in sales, the importance of meetings and rules in direct sales, delivering a fast start and small victory in information products, and the importance of timing and guiding customers in selling info products.
A great info product should be measured by factors such as sales, longevity, customer development, and overall impact and influence.
A successful info product utilizes persuasive techniques to engage and sell to the reader, constantly selling concepts, ideas, and philosophies to keep customers engaged.
Deep dives
Key Point 1: Criteria for a Great Info Product
A great info product goes beyond just providing good information to customers. It should be measured by factors such as sales and revenue, longevity, customer development, and overall impact and influence.
Key Point 2: Dan Kennedy's Experience with Info Products
Dan Kennedy has created over 500 information products throughout his career. Some of his most successful products include a book that sold over 3,000 units and his NoBS marketing newsletter, which has generated over $65 million in sales. These products have demonstrated how a valuable info product combines longevity, content that develops good customers, and an evergreen nature that keeps customers engaged.
Key Point 3: Selling and Persuasion in Info Products
A great info product is not just about delivering information, but it also utilizes persuasive techniques to engage and sell to the reader. Examples from books like 'Thinking Go Rich' and 'The 7 Habits of Highly Effective People' show that these enduring products are designed as sales documents, constantly selling concepts, ideas, and philosophies to keep customers engaged.
Key Point 4: Purpose and Influence of Info Products
Info products serve multiple purposes, beyond just exchanging information for money. They play a role in relationship development, set out to achieve missions or causes, establish rules or guidelines for success, and sell opportunities for transformation. A successful info product sells the reader on themselves, their potential, and what lies ahead as they progress through the product.
In order for an information product to sell, it simply needs to work really well... right? While actually offering good information is essential to any info product, Dan Kennedy would argue there's much, much more to it than that.
In part one of this valuable two-part episode, Dan divulges the real purpose of an information product, lays down the criteria for measuring the success of an info product and provides some of the key ingredients that are essential to creating an info product that will sell now and for years to come. Be sure to check out part two next week!