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Want a Thriving Keynote Speaking Career? Learn How to Generate Recurring Revenue

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Want a Thriving Keynote Speaking Career? Learn How to Generate Recurring Revenue

Online courses have become big business in the last few years.

With the rising costs of higher education, more people than ever are choosing an alternate route for learning.

As a keynote speaker, you can take advantage of this trend (that won’t be slowing down anytime soon) and ride the wave to more income in your pocket.

It’ll solve several problems for your keynote speaking business too  – having to trade time for dollars, booking more and more speaking engagements, and trying to land higher-paying speaking engagements, too.

Here’s how to generate recurring revenue from an online course.


How Keynote Speakers Can Generate Recurring Revenue

Step 1: Choose A Profitable Topic

The biggest mistake that online-course-creating newbies make is spending time building something that no one is interested in.

Of course, you’re already an expert in an area – or you at least have a niche.

Capitalize on it.

Maybe you speak on a wide variety of topics, so it’s hard to narrow it down to one to focus your course on.

Ask yourself these questions to help you land on an idea:

  • What do people most often ask you about? What kinds of things do they seek your advice about?
  • What does your audience/your customers struggle with the most? Do you notice a theme or trend?
  • What problem do you have the solution for?

It’s really as simple as paying attention to the people around you.

Step 2: Test, Test, Test

Once you’ve landed on an idea you think will be profitable, it’s time to try it out.

Do this BEFORE you build your course, otherwise you may be wasting your time.

Okay, great. You need to take your idea for a test drive. How?

There are two good ways.

A. Develop A Free Mini-Course

You don’t have to get fancy with this.

Create the mini-course and deliver it via email.

This serves two purposes: You’re validating your idea and you’re building up an email list.

B. Pre-Sell The Course

If you build it, they will come.

(Well, maybe and maybe not – we’re in the testing phase, remember?)

But, you CAN sell your course before you create it.

There are a couple different ways you can do this.

  • “Coming soon” page. This is a page that explains what your course will be. Send a link out to your email list and run some ads and see if you get any bites.
  • Develop An Outline. You can “sell” the course you haven’t yet created by coming up with a detailed outlined. This way, people know what they’re getting and they’ll invest in the course. Here are a few tips to follow:
  • Decide what each lesson will cover.
  • Each lesson should bring your learners one step closer to the objective of the course.
  • Make sure you’re not stuffing too much content into each lesson. Try to keep them within the 5-10 minute range.

An outline is a great way to pre-sell your course. Once you “validate” interest in your course, then you can start working on creating the course content.

Step 4: Develop Stellar Content

The truth is, your first course might not look fabulous.

But if the content is offering value, it doesn’t matter.

So don’t worry about creating or paying for something that’s highly designed and flowery. Something simple with lots of white space will work fine.

Provide practical, step-by-step guidance and instructions and your audience will eat it up.

Step 5: Name Your Price

There’s one thing that you may not realize – people actually like to buy online courses.

Even when they can get the same info for free.

The issue is they don’t always know where to find it, how to find it (or have the time to find it) or if it’s even legitimate.

So, the go for the alternative – paying for a course that someone else created.

A paid course also provides benefits that your audience couldn’t get any other way, like:

  • A structure that’s proven to get results.
  • Learner support.
  • Personal accountability.
  • A community of like-minded individuals.

Final Thoughts

When you know how to generate recurring revenue from an online course, you’ll stabilize your finances, have more time to spend with family, and be choosy about the speaking engagements you take on.

And by following these specific steps, you’ll be sure to create a course that brings value to your audience.

Have you attempted to create a recurring revenue stream? How about an online course? What kind of results did you get?

Keynote Speakers

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Josh Coffy

Josh is an entrepreneur at heart, dropping out of college to pursue his dream of owning his own business. Fast-forward five years later, and Josh’s unique ability to marry technology with creative marketing strategies has led to Flight Media’s steady and swift growth. Now one of the leading Inbound Marketing companies in Ohio, the U.S. and abroad, clients trust Flight Media’s expertise, agile approach, and transparency. You can find Josh at CrossFit, backpacking the West coast with his wife, Kelsey, or reading a personal development book from his ever-growing library.