Now that you’ve managed to build your database to a respectable 10,000, you will be able to develop a steady stream of income from all the work you have been doing to build the database.
I suggest editing each of the interviews as you do them and make a directory of them. Once your database is more than 5 to 10,000 you will start at auto responder program. You’ll send a message to your database offering free material: an mp3 file you might have done, an ebook, or even a portion of your book.
After sending at least six free programs, the next message will be to ask your database to pay for access to the interviews (programs) you have done. You should start out by offering the first program for $1.95 then the remaining programs for $9.95 a month.
When you have 10,000 people in your database, you’ll be able to generate a reasonable monthly income. The average is 10% of your database will sign up for your program, so when you have 1,000 people paying $10 a month, you’ll generate $10,000 a month.
That is just one of the 2o plus marketing programs you’ll be able to apply as an author. Many of the programs are passive, so once they are set up, you will be able to keep the income continuously with very little effort on your part.
One of the greatest ways to stabilize your income is to create a Membership site. I know that this is getting a little too technical for most of you, but it’s easy enough to go to elance.com or scriptlance.com and hire someone to set it up for you.
The idea of the membership site is to set up interviews with those who have accomplished noteworthy events or projects. You can specialize in interviewing authors who are in the same genre as you. The author sends an email to their database to let them know that they’ll be interviewed and anyone listening to the interview can listen at no charge.
You’ll have the author sign a release that allows you to use the interview for financial gain. When their database members sign up, they’re going to sign up to listen to the interview through your capture page so you can increase your database with each interview.
When you have a thousand people in your database, you will start to release a new interview (product) each month and your database members will pay to listen. Only leave the interview on the site for the week or month, depending on how you set up your structure (one interview a month or week). The ratio is normally 10% of the database will pay to participate. When you have 10,000 in your database and 10% or 1,000 pay $10 a month, you will have $10,000 a month income.