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3 Comments Received

Yaro
December 10th, 2007 @9:40 pm  

Hey Dr. Mani,

First, love your work - this blog is really kicking and I expect it will do some serious growing over the next few months if you keep up the current pace.

Regarding your comments - yes you are right, I should make my program available as the market demands, however I need to be careful too.

If I sold just the modules, even at a premium price, I may have everyone just buying one or two modules and forgoing the entire program because they think they don’t need to the rest.

I’m on a product development cycle at the moment and I have to carefully test and react to what the market tells me…and my reactions can be slow too!

I’m not saying I’m doing it the best way, or even the profit maximization way, but given how much work has gone into it, this is the system that I can handle delivering at the moment.

So far, enough of the market is quite happy paying my monthly fee for a six month course. I’m obviously not satisfying everyone - you for example - but hopefully that will change in the future, although I’d be foolish to think I could satisfy everyone.

I also have work still to do with the course to get it to the point where I feel it can live on its own without further development. The current members help me refine it with their feedback.

So what I can say is - all in good time. I have a lot of products to release and there is a grand plan to how I do it, but somethings are far away from being released yet impact what I do with Blog Mastermind.

Cheers,

Yaro

Money.Power.Wisdom
December 11th, 2007 @2:09 am  

Yaro, thanks for dropping by and sharing your thoughts. In many ways, I’m in the same boat as you, and struggling gamely to realign my strategy to flow with the tide instead of against it… and understand fully well how difficult it is :)

It would be presumptuous to pretend to advise you, so I won’t. Will however share some thoughts from my own earlier mistakes that might help in some small way.

In 2003, I came out with a blockbuster program. It was called ‘Power Niche Minisites’, a turnkey minisite solution that was plug-and-play. At the peak of Adsense mania, the product was HOT. Within 3 weeks, I sold some 350 packs, each at $197 - with just one JV promotion. (The profits helped fund a mind-expanding 26-week mentorship under Jay Abraham, Stephen Pierce and your own favorite, Rich Schefren!)

Then, I made a classic blunder - followed my ’strategy’ instead of the market!

Did one spin-off product, which did reasonably well, and then got to work on a funnel to add value to the earlier buyers. Unfortunately, they still wanted turnkey solutions - and others stepped in to provide them, while I worked on a ‘value add’ strategy.

Fast forward 4 years. Turnkey niche minisite solutions are STILL in demand. I even took a step back last year and released an improved version called ‘Theme Niche Minisites‘ which did very well. My more elaborate, long-term focused, step by step coaching/training material is mainly languishing without too many buyers!

It was a hard, painful, COSTLY lesson to learn. One even master strategists coldn’t teach me in a high-powered program. It was drilled into my head by a factor we are all dependent upon - market forces.

Marlon Sanders puts it nicely - ‘What people want, I’m selling’

Wish I’d listened back then. Sure will in the future.

Hope this helps, in some small way, Yaro. Thanks for your kind comments about this blog. Another ‘mistake’ I made was slowing down on blogging after an intial enthusiastic burst in 2003. Well, I’m getting back to it now, doing it more strategically and systematically, and already within 2 weeks am seeing very encouraging results :)

Drop by when you find some time.

All success
Dr.Mani

Sankarm
December 12th, 2007 @9:34 pm  

Dr. Mani

You are very right about teaching in the way the student wants to learn- a lesson I learned about about 30 years back through personal experience.

I was a teaching assistant in an engineering school and when I taught a course, the students were expected to and did learn the concepts by discussions, solving problems and presentations to classmates - very few long one way lectures. The students felt they were learning a lot of useful stuff - rated my classes consistently high.
Then I started teaching ‘ Calculus” in Business school for freshmen students. This method of teaching was a disaster. The students were ready to drop the course - voting with their wallet-. I did change the method of teaching to have more class room lectures, tutorials, practice sessions and handholding. Lot more work for me- but a better learning experience for students, my clients.
That lesson has stayed with me in all of my business career.
Now when I teach teens at the Sunday school , I do add more human interest and personal stories to keep hem interested and learning.

Thanks
Sankar

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