Mastering a Niche and
Creating Your Own Empire
by writing, speaking,
publishing, and product development
Newsletter #2 / December,
2008
Welcome! I’m Gordon
Burgett.
I hope this free newsletter provides
useful ideas for the creation and expansion of your own empire. Its purpose is
to help you create “LIFELONG WEALTH BY BEING INDISPENSABLE.” It is
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SPEAKING: Is Humor
Necessary?
I’m asked this question at my
speaking seminar more than any other.
I just read an e-book by Fred Gleeck, a speaking veteran who has given a ton of seminars,
where he hits it on the nose. Fred took
a survey over a three-year period about what listeners most wanted in a speaker.
In order, it was sincerity, content, and humor. But do you absolutely need the
humor? There’s an old saying at the National Speaker’s Association (NSA) that you need to include humor only
if you want to get paid!
The main points: (1) Not jokes—they die, you die. (2) Mostly your humor comes
through the stories you tell, usually as examples of points made. (3) You can
also weave funny wordplay into your text over time. (4) Puns are tough because
too many listeners don’t catch the word that is punned. (5) In a smaller
setting, before a four-hour seminar, I like to kid with the audience in the
beginning, when they introduce themselves or when we discuss what they want to
hear. Two or three will say something I can have fun with, in a kind way, and
that breaks the ice.
The only danger is that in being
funny you inadvertently offend your listeners. The best way to avoid that is by
making yourself the butt of your light comedy. Use self-deprecation, but in
modest portions or the less enlightened will believe it! (I can’t recall ever
offending anybody, or being aware of it, but if it happens I’ll just stop and
say, “Hmm. That wasn’t very funny, was it? I’m sorry,” then
keep going with the presentation. I’ll also apologize personally to the
offended person during the break.)
You needn’t be a clown. Let the
humor be as natural as possible, spiked a bit by something relevant and funny
that you insert at occasional intervals. The best humor I hear is like smooth
butter on rougher bread, effortlessly provoking grateful segue smiles now and
then. It’s sweet to hear “You were very funny” though
ne’er a guffaw was heard nor a pratfall seen.
-----
PUBLISHING: Some quick second-book
income
If you have a recent ink-on-paper
book in print (or about to be), why not deposit some extra coins in your bank
while you help the seeing challenged? Convert the digital text of that book into
a professional-looking LARGE PRINT edition. (As I mentioned in the November Lifelong Wealth by Being Indispensable
Newsletter, these are perfect for P.O.D. printing.)
Some details: (1) since almost all
of the buyers will be libraries [for their senior readers], make sure the topic
fits those senior interests [repairing surfboards or cruising all-night hot
spots in Novato probably won’t work], (2) remember to convert everything in the
book to 14-point type or larger, which may require new charts and graphs that
fit the larger text, (3) the new edition needs a new ISBN number, (4) you can
usually charge about $5 more per book, and (5) to avoid confusion, don’t
otherwise alter the contents of the smaller, regular-sized (probably 11-point)
book.
An
example. About
five years back I published How to Plan a Great Second
Life: What Are You
Going to Do With Your Extra 30 Years? The first printing was for
bookstores and back-of-the-room sales at my seminars. That version included lots
of fill-in charts—which libraries hate because the first readers fill them in!
So we published a special library edition (reducing the page count from 256 to
224) that had outlines of charts and graphs but sent them to our website for
actual page downloads.
We knew that many of our potential
readers were well into their second lives, so we simply restyled the digital
book from 6” x 9” to 8.5” x 11” and added a LARGE PRINT box to the cover—the book ended up
at 216 pages. The price was increased from $17.95 to $22.95. And when we
advertised the book’s existence in all three forms through the Independent Book Publishers Association
mailer sent to 2,700 of the largest libraries in the U.S., we sold (as of now)
170 LP copies. That was the entire sales campaign!
We printed many thousands of the
smaller versions but only 185 (50 twice, 35 once) of the large print edition,
mostly through http://www.lightningsource.com/.
Those cost about $7 each to print and another $1 to ship to us. That’s a return
of about $3900 gross, minus $1300 printing and perhaps another $200 in other
costs, for about $2115 in profit. This book took one day to convert into an
acceptable .pdf format to digitally send to the
printer, plus a few minutes to add to our library flyer! $2115 isn’t a windfall
(though it might have easily been three times as much had we marketed with any
diligence), but we kept the money nonetheless. And we had another published book
added to the docket.
-----
Let me share a true story of
ingenuity that took place some 20 years ago in, I think,
In a book publishing seminar I was
giving a lad asked me why I had recommended that children’s books not be
self-published. I’d said that the primary reason was that kids’ books needed
color in the illustrations, the process was very expensive, and it was almost
impossible to recoup enough, or any, profit from publishing from just one or two
books.
Several months later—it could have
been a year—I received a nice note from, I presume, the same fellow who told me
he had solved the problem. He had created his books in black and white so the
users could color them in with their own crayons! Even better, he had developed
a template for producing similar books and had franchised it all, telling others
with like projects how they could do the same…
I’ve checked all the current
franchise references I can find and that company has either folded or it has
remained below the digital radar. Still, I wanted you to see a couple of things
that may apply to you from that clever solution:
(1) If you’ve got a great idea (like
a grade school black/white book with your drawings of local history scenes),
just figure out a way to make it work. The book needed color and it was
uneconomical to print beyond black and white? Produce a coloring
book!
(2) And if you can make it work
once, why not the same solution (with different drawings) many times? How much
easier was it for the publisher to sell a series of books than just
one?
(3) If your idea is easily
repeatable by others (they provide their own text and artwork about their own
local or county history), why not sell them the process, guidance, and some
easily modifiable sales tools? (Franchising itself is labyrinthine and
expensive, and may not be advisable. A contract with stipulations as part of the
sale may be enough.)
(4) There may be another way, too.
As long as you have mastered the preparation and production components, why not
provide those (plus printing) to others with like products, and either let the
clients do their own promotion or you sell that plus the selling know-how and
needed tools? A combo publisher-broker program.
Make yourself cleverly
indispensable, and make that indispensability widely known, reliable, and
affordable.
-----
NICHE
PUBLISHING: The magic money
words
If you are serious about creating
lifelong wealth by being indispensable, find a doable solution to a problem or
frustration that plagues a niche market. Then create a book that those in that
niche will rush to buy. That’s where Niche Publishing: Publish Profitably
Every Time comes in. It walks you through the entire process, from
topic-finding to ultimately bookselling by the box. You test everything first,
quickly and inexpensively, before investing much time or money. Positive results
equal sizable profits and virtually no risk.
-----
PRODUCT
DEVELOPMENT: In a
recession?
Let me mention our current economic
climate and how it affects us, since it’s the first time in our lives we’ve been
in a deep recession—and, one hopes, the last.
It’s unsettling not knowing the fate
of our companies, the information dissemination field, or what will happen to
the commercial sellers of our products. (Our printed book business, for example,
is barely earning 50% of what it was a year ago.) Add to that the quickly
changing means by which we sell what we know, and grooming dogs or washing cars
looks more and more attractive!
On the other hand—and this is my
main point—it may be a forced command to look hard at precisely what we are
doing, why and how we are doing it, and how we can do it even better and faster
and more economically. In other words, it may be high time to flip the machine
over, give it a big shake, pull off the parts, and see how we can assemble a
better model!
I know that it has forced me to look
much harder at expanding the digital side of our business, to drop two product
lines that have grown dated, to question another item that has grown stale (I
frankly just don’t care about the topic any more), and to begin this newsletter
(both to share more with you and to force me to increase my reading and peer
exchange in the field).
Some of those changes are
unsettling, and most of them wouldn’t have happened if the old income fonts
hadn’t yelled at me that it was past time for adjustment. The result in the past
three weeks has been a detailed and stern look at every assumption and every
product, and from that has come a new alignment of what
I want to do in information dissemination sharing and how I can better do
it.
Does this make sense to you? Is the
current slowdown cause enough for you too to take similar steps to clarify your
purpose, redirect and perhaps streamline your production, and get ready to
increase your profit by alarming factors when the economy
booms?
-----
WRITING: Why will an editor
almost certainly reject an article?
(1) When the lead—first sentence or
paragraph—doesn’t make sense.
(2) Or the editor has no reason or
impetus to read paragraph two.
(3) When by the end of that second
paragraph (certainly by the end of the third) the subject and purpose aren’t
clear, nor is there a hint of the article’s organization.
(4) One misspelling might be a typo
but two or more, the editor must ask, “If this person won’t even go to the
dictionary for the words, how reliable can the research
be?”
(5) The query promised humor and the
editor hasn’t even smiled by paragraph four.
(6) By the end of the piece the
editor hasn’t read anything really new, different, exciting, inspiring, or
memorable—that the word journey was a waste of time.
If this all seems
obvious, great.
Convert the points into a quick checklist for your query letter first, then use it again, point by point, before you submit the
go-ahead prose. Remember, the editor wants you to succeed every time.
Contact us at Communication Unlimited
Gordon@gordonburgett.com / http://www.gordonburgett.com/
(800) 563-1454 /