How To Make Money With Webinars

You’ve likely been on a webinar, web conference, online training, whatever the word is they use to describe it.  Webinars are huge hit in the IM world right now, but they’ve actually been used in all sorts of niches pulling in big bucks for a long time.

I’ve done several of them now, where the webinar itself really was nothing but education (no selling) and then others where its a combination of education and something to sell.  Here is how you can literally make big cash using Webinars.

how to make money online with webinarsWhat Is A Webinar

Just to put everyone on a level playing field, lets talk about what a basic webinar is.  Most webinars I’ve seen (where it’s LIVE, not talking about these recorded ones) are all run through GotoWebinar.  They can host up to 1000 people on a webinar.

Several other companies exist offering similar services, but GotoWebinar seems to be one of the most popular.

Attendees are typically invited through an email invitation sent out by the host or promoters of the webinar.   You sign up, and will get reminders along with a link  to join the webinar during the scheduled time.

Most webinars are Voice over IP, meaning you will hear the host(s) speaking through your computer speakers, and you won’t have the ability to speak.  You will be able to communicate to the hosts and ask questions to the host through a ‘question’ panel within the gotowebinar application.  Now GotoWebinar does allow you to speak in your microphone but most webinars aren’t setup that way as there are too many people to have everyone talking.

The host will share their screen which will likely be a slide presentation, or sometimes doing live demonstrations from their screen, but it’s unlikely any video (of the hosts) is involved, just screen sharing.

Attendees get the opportunity to ask questions throughout if the hosts are going to be taking questions, or more often they’ll leave a Q&A session near the end to answer any questions.

How To Make Money With Webinars

Webinars are a great way to make money online, because you have the attendees attention and ability to connect with them as they’ve shown interest.  Most successful webinars that I’ve participated in involve educating the attendees on a particular topic.

Don’t kid yourself though, it’s all sellling, education too.  Careful planning goes into the slides, creating open loops and selling while educating at the same time.

You will find most people will arrange something special for the webinar attendees to purchase at the end, it could be a special ‘bonus’ to the first X amount of people or a discounted price too.  But whatever the additional benefit is, it’s only available to those on the webinar and when the webinar is over, if you choose to not take the hosts up on their offer, you won’t have access to it again.

It’s kind of like free coaching, it does depend on who is putting the webinar on.  I have been on plenty where they give almost nothing in terms of value, or education.  I prefer to go with providing value, so whomever attended, if they decided not to buy they still came out with some sort of additional knowledge they can use beyond what the ‘offer’ was about.

I’ve heard of people selling $100,000 of webinars, now that would be friggin amazing, but I haven’t reached such a level (yet).

how to make money online with webinars

Joint Venture Webinars

I’ve done approximately 7 or so webinars for Local Video Method over the last 8 months, which were purely presenting information, doing some Q&A, and I didn’t have a single thing to offer in terms of ‘selling’, just straght up information.

As part of the launch for Local Video Method v2.0 I wanted to reach out to some new audiences.   So what I did is put some time and effort into preparing a good webinar that educates and sells at the same time.  This webinar is about offline consulting, getting clients, marketing yourself etc, and also talks about the actual process of video reviews as a lead gen, which is what LVM is.

Now people who want to try it themselves, CAN, but if they want to learn how to do it the quicker way, they can purchase.  So the webinar provides great value and information, and an offer at the same time.

Now you can go around to people who have lists of what you would consider potential buyers.  So for me, I’m going to to try and reach out (via Skype, email, VIDEO!) and talk to people who are also in the same niche (offline consulting).

I’ve now got a prepared webinar, they just have to promote the webinar.  We’ll do it together (I do most of the talking) and then any sales from that webinar are split typically 50/50 (joint venture).

This has worked tremendously well, I’ve done two JV’s for LVM 2.0 in the last month or so totalling just over $17,000 and I have more to come!   That’s not a lot compared to some other big names, but it’s a great start and the numbers are outstanding.  1 webinar converting at 30% with an earnings per click of over $12.00!

So I can approach people now with numbers, a complete ‘package’ and all they have to do is promote it and cash in.   They get to provide a high quality product (if I do say so myself) which makes them look good for the recommendation, they have some money in their pocket as do I, and I now have some new clients.

They’re a fantastic way to quickly build a list and to get cash and build relationships as they bring a flood of traffic very quickly.  I have something to offer and the JV partner has the list!

Webinar Leverage

Most of the time webinars will be recorded and used later down the road which is a great leverage strategy for the webinar itself.  You can send out replays to your list to help drive more sales (for those that couldn’t make it, forgot, or never got the invite).   You can also use the video and cut it up, allowing you to create several videos from one.

I could upload those to Youtube and optimize those for some keywords I’d like to target, driving traffic back to my sales page.  I’ve personallly used it as part of the premium content within the Local Video Method membership as a value add.  Anyone who purchases Local Video Method has access to the webinar library.

I’ve also created a 6 part video series in my autoresponder, thats spread out over two weeks and provides free training to those on my list whom have never purchased Local Video Method.  It gives them a taste of what the full package is all about.

You can easily schedule several webinars in a week.  That will take some coordination but it’s more than possible, each webinar really takes about 2 or so hours to deliver and some admin work on the side to set it up, promote it, but it’s hardly a full days work.

I’m sure there are many more ways to leverage them, but this is how I’ve leveraged my webinar recordings.

Webinar Tips

Here are some tips for you if you’re deciding to run a webinar.

  1. Schedule it out about 1 week out, with all the timezones, weekends etc.  give people the opportunity to read your invitation and sign up.
  2. Schedule a 24 hour reminder and a 2 hour reminder email to go out (I use AWeber)
  3. Close any programs that may pop-up or interfere with your screen, you’re going to be sharing it with hundreds of people!  :)
  4. If you’re going to show your browser, please clear your history to avoid anything embarassing appearing in your recording and to your attendees.
  5. Test everything 15 minutes before hand, then sit and wait.  You’d be surprised at the tiny things that’ll mess up right before you’re suppose to start.
  6. Start on-time, respect the time of those who showed up on time!
  7. Record every webinar, you can always get rid of it afterwards, but if you don’t record it and want it, you’ll be out of luck.  You can use Camtasia or Screenflow to record the webinar (including audio/video).
  8. Try to keep the background noise to a minimum, interruptions can make it more ‘human’ but to a minimum.
  9. You may say this goes without saying, but whatever you do, don’t say anything bad or derogatory about the attendees or anyone or anything while on the webinar, even if you think you’ve hit mute or it’s not on.   The only way to be certain it’s not on is Goto Webinar is closed!   Many people have been burned by thinking it’s off-air mean while they’re voice is still being heard by all the attendees. :)
  10. I like to have nice presentations, that’s just me, some images and so on keep what is a semi-boring event (no video etc) a little more interested and engaging.
  11. Like most presentations, keep your list of bullet points on your slides to a minimum (per slide).
  12. You will not be given a list of email addresses of attendees to easily use.  I highly recommend implementing some tool (such as this one) to sign people up to your email list AND the webinar.  When you’re on the webinar, and you promise to send people something, if you don’t have them on a list, that will be very difficult if not impossible.  There is no easy way to get your webinar attendee email addresses to your auto-responder afterwards.
  13. When speaking, speak slowly, and vary your tone, again helps keep it from sounding boring
  14. Promote your registration page as much as possible and those of you who want to do JV’s, you can setup an affiliate link for an affiliate to land on the registration page.  That way any traffic they send to their affiliate link will go to the webinar registration page and track the purchase to them!  Gives them a great incentive to promote your webinar!
  15. Don’t forget that you’re selling, so remember to show value, create open loops, close them, keep them enticed and when you’re ready don’t be afraid to make the pitch.  Some people say talk about the pitch early, others say wait till later, that will depend on your audience (from my experience).  Ask your JV partner how their list has been groomed with previous webinars.
  16. Don’t panic if you forgot to hit record in the midset of starting your webinar.   Send out an email to those who attended and I bet you someone recorded it for themselves and would be happy to provide you with a copy.  (can you tell that happened to me?)
  17. If you find this list useful, please hit the like button and share it on facebook for anyone else interesting in running their own webinars!

That should give you a good start.  The first one is always a little nerve racking, but just get it over with and move onto the next one, they only get better each time you do them, and you won’t even worry from that point.

Don’t worry about the questions that come through Q&A, you don’t have to answer everyones question, it’s up to you what you respond to (questions are only visible to the admins).

So if you have an offer, put together a great webinar and go find people who have the customers you would like to be in front of and propose something.  A mentor of mine once told me (when I was basically making excuses about not apporaching someone) “if you don’t ask, the answer is already no”.   So get out there!   I am actively working on this myself, it’s about relationships, asking for a little help, talking to people etc.   But you can make a lot of money doing JV webinars and getting to a wider audience, not to mention just doing your own webinars to your own list if you have one.

Happy Educating!

PS.  If you have any questions about webinars or, what I’ve done, please post a question in the comments below and I’d be happy to answer them.

Related posts:

Filed Under: Howto

Tags: , , , , , , , , ,

Facebook comments:

Comments (25)

Trackback URL | Comments RSS Feed

  1. Suraj says:

    Hey Kevin, nice post here. I agree that the power of webinars for IM’ers is great..it’s almost like speaking at an event/seminar with hundreds of people in the audience but from the comfort of your office/home.

    Also thanks for the heads up about Webinar Optin – been looking for a good plugin to do just that for my webinars too.

    Looking forward to catching up with you..will you be at FWF3 this year?

  2. Kevin says:

    Exactly, they’re great for that, and so much easier to run/manage than an actual event!

    Webinar opt-in is great, though I’ve had a ‘few’ issues with it, couldn’t get it working for some reason on 1 webinar, but then tried it again a month later and it was working again with a new webinar. But it works great, I’ve got it setup with single opt-in so they don’t need to confirm (not differently than a GotoWebinar registration).

    It’s funny you ask about FWF3, I was just looking at travel arrangements and hotels etc for it. I’ll definitely be there for a week, looking forward to it! :)

  3. Suraj says:

    Do you use GoTo or something else for your webinars?

    Great news re FWF3, i’ll be speaking on the Friday and have also been looking at my travel/accomm arrangements. Will be out in Aus for a month or so, it’l be great to have a beer with the SFR/FWF gang!

  4. Kevin says:

    Yah GotoWebinar. I looked into a few others, but eventually gave up. Sort of the standard, and so many people are familiar with it which helps.

    Speaking? Nice, what are you talking about (or that a secret)? :) A month would be nice down there. I haven’t decided on how long I’ll stay, but at minimum a week for sure.

  5. Robert Plank says:

    Hi Kevin, nice thorough blog post and thanks for the Webinar Optin shoutout. Whenever I think about running an offline event (or sometimes even GOING to an offline event) I stop and think for a second… why spend those extra days and incur those extra expenses when I can just run a webinar? (the recording turns out better too)

    I’ve just signed up to your list so I can hop on your next webinar and see what you are up to.

  6. Kevin says:

    Hey Robert! I use to do tons of travel so I loooove webinars!

    Webinar optin is awesome since with all those emails that register, I can’t do a thing with them in GotoWebinar really. Makes it easy to get them onto a usable list. So cheers for making that!

  7. rajesh says:

    how much gb data is downloaded frm internet in 1 hr webinar with ppt presentation n audio,,how much max shud be mb of ppt,,wht shud b down loading & uploading speed of internet for ppt audio webinar & ppt video webinar,,plz reply to pccsmiledesign@rediffmail.com
    dr rajesh,india

  8. Kevin says:

    Check this out for those details, I can’t say to be honest.

    https://www4.gotomeeting.com/wizard?Portal=www.gotomeeting.com

  9. i join webinar I like to have nice presentations

  10. rimpy says:

    sir am join this job plz accept my request and you conect me this number 9646166368 plz reply fastlh

  11. pardo dhami says:

    Just a quick comment about your website.This is one of my favourite place to gain information about my needs.Please keep the good work going.I have book marked for future visits. Thanks

  12. John says:

    Hi Kevin

    I’m interested in doing this and wanted to know a training system that can teach you to promote other peoples products? Can you help?

    I don’t have any products but I don’t mind using other peoples lists and splitting the commission. Can you help?

  13. Ashish says:

    Great business. we have to start

  14. I am not sure where you are getting your info, but good topic.
    I needs to spend some time learning much more or
    understanding more. Thanks for fantastic information I was looking for this info for my
    mission.

  15. Hi Kevin.

    What’s the best way to contact you please? – re. driving traffic to one of your webinars?

    With thanks,
    Graeme Sutherland

  16. RII says:

    Looking for a JV or speaking portal contact support@rhodesislandinvestments.org

    Or go to the website at http://www.rhodesislandinvestments.co.nr

  17. Why viewers still use to read news papers when in this technological world all is existing on net?

  18. mutual funds says:

    Everyone loves what you guys tend to be up too.
    Such clever work and reporting! Keep up the good works
    guys I’ve incorporated you guys to blogroll.

  19. Very soon this web site will be famous amid all blog users, due to it’s fastidious posts

  20. Excellent, what a web site it is! This blog gives
    useful information to us, keep it up.

  21. I’m gone to say to my little brother, that he should also pay a quick visit this website on regular basis to obtain updated from latest news update.

  22. Do you have a spam issue on this website; I also am a blogger,
    and I was curious about your situation; we have created some nice procedures and we
    are looking to exchange solutions with others, please shoot me an
    email if interested.

  23. When someone writes an paragraph he/she maintains the
    idea of a user in his/her brain that how a user can understand it.
    Thus that’s why this piece of writing is outstdanding.
    Thanks!

  24. It’s awesome to visit this website and reading
    the views of all colleagues on the topic of this piece of writing, while I am also keen of getting experience.

  25. What’s up to every one, it’s really a nice for me to visit this site, it
    consists of priceless Information.

Leave a Reply




If you want a picture to show with your comment, go get a Gravatar.

Spam Protection by WP-SpamFree