Create New Products: Use Leveraging

It still surprises me when a light bulb flash turns intoHere is the marketing aha: They saw a need for
anaha moment. Yesterday I had the light bulb flashchildren’sbooks in the 8th grade and lower
that grewand grew until it gave me a big smackmarket. They connectedwith a publisher, sold the
upside the back of myhead this morning.idea to them, and then createdthis advertisement
Yesterday was like most of my days, yet whileand place it in many ezines (someassumptions here).
writingyesterday’s article, I stopped midThen they leveraged to bring them theresults they
sentence, and my thoughtswent back to an ezinedesired with the least amount of effort ontheir part.
article I read early that morning. Itwas one of thoseLet me move this strategy in a way on how you can
times when your thoughts completely jumpapply itto your success:
toanother circuit -- you know the kind.1. Find a hungry niche/market (they found one
Quickly I dashed down the hall and corner with— the 8thgrade and lower markets lacked
lighteningspeed. Not. Just walked. I had alwayspoetry).
wanted to writethat, I know cute, Catherine. What2. Made sure there was an excellent chance for a
caught my attention wasthe contest announcementsale orguaranteed revenue (I'm sure they wouldn't
in that ezine. I remembered thathave done it hadit not).
Janice (name not changed to protect the innocent)3. Leverage other people resources to fill the product
would beinterested in the information since she(they are taking other people’s material,
wrote poetry. Ifound it and e-mailed her the info. Cutaccumulating it,finding the best, and putting it into a
and dry, huh? Ithought so to, but not quite.product).
Later that evening during our coaching session,4. Don't pay out anything until you have the advance,
Janicementioned how she appreciated the informationoryou can make enough money on presales to cover
but she didn'twrite poetry for children. Oops, I didn'tthe expenses
even see thatimportant detail. However, she(their prize awards aren't going to be paid out until
appreciated the thought andexplained that it gavetheyget an advance from the publisher for the book
her a flash of another contest sheknew about thator theypresell it through their own marketing
she had always wanted to enter. As she wastalkingprogram). [Specialnote: their break even point is so
about this, I remembered my childhood try at poetry.low all they would needto do is sell 100 books -- fairly
"Now where did I put those" came to mind.easy since they alreadyown hundreds of retails
Yes, you guess it; I went looking for my old poemsstores already.]
after thecall. Including staying up past midnight5. Sell the product and pocket the profit. (Except,
reading them againand chuckling on my mindset attheyare probably going to make some money, their
the time. I even wrote quotea few on Presidentbiggestadvantage is in their new market attraction to
Kennedy’s death -- but that’stheirstores.)
anothertopic. I chose three, submitted them, andThink about all the times this has been done in the
went to bedpleased with myself about taking somepast.
action with them.One of the best-case scenarios is the Chicken Soup
Did you know that the difference between a lightof the
bulb momentand an aha moment is the depth ofSoul books. They didn't write any of them, they
experience in whatever isoccurring. Light bulb is theleveragedall the content by finding the writers that
flash, the aha is when youmake the connectionswanted to gettheir name in print anyway possible
between that and other experiences inyour life.(most professionalslooking to built visibility for their
This morning the aha part of the light bulb momentpractice). And theywere happy to have that
hit me --the marketing aspect to all this. In order toopportunity. Therefore, Chicken
give you acomplete picture, let me including the "ad" ISoup created a win/win. Dollars for their pocket and
found in theezine. This is a quote."published author" recognition for the writers.
*************** AD ********After a few issues it took on a whole new
Half Price Books' 10th Annual Bedtime Story Contestmomentum, even
DEADLINE: December 1, 2003Chicken Soup didn't even see coming, people
GENRE: Children's fiction and poetryvolunteeredtheir ideas for more topics/books and
OPEN TO: All, except employees of Half Price Bookseven leveraged toproduce more books for their
and Theseries and they rode it all theway to the bank --
Texas Bookman, or any agents or affiliates thereof.becoming an overnight millionaire -- oh,
LENGTH: Stories: up to 300 words; Poems: up to 50I think it’s billionaire now.
lines.In summary, here is some of the wisdom from this
THEME: To promote literacy and encourage people tolight bulbmoment:
read,* Relationships are important in building a practice.
Half Price Books will publish a book featuring theTaking the time to not only see things from our
winningstories. All proceeds from the sale of theownperspective, it is important to see them from
book fundliteracy and education projects. All entriesthepossibilities for our clients/customers. It only takes
should beappropriate to be read to and by children,amoment and the experience can be so fabulous.
ages 8 and under.* How much easier it is to develop a product
We do not require our authors to illustrate theirwithleveraging. How can you apply this to something
ownstories. However, if you are an artist and wouldin yourbusiness?
like tosubmit your artwork along with your story or* Synergy builds with action after a light bulb flash.
poem, weencourage you to do so. All entries mustSo,why not stop and take action when it occurs. The
be typed andinclude your name, address, phonejourney issooooo worth it.
number and e-mail address.* Where is the hungry market for your product
Entries, whether mailed or e-mailed, that do notservices?
includecontact information will be disqualified. See ourIdentify them and make your marketing so much
onlinecontest guidelines for more information.easier. Theycan be just an age group away.
PRIZES: Grand Prize: $200 gift card from Half Price* What is sitting on your desk right now that could
Books;helpone of your clients? Share it, it will come back.
2nd Prize: $100 gift card; 3rd Prize: $50 gift card;This ishow the universe works.
Finalists: $20 gift cardTake a moment right now and write down three
ELECTRONIC ENTRY: Yes, must be in MS Word oraction steps onwhat you are taking away from this.
rich textformats.Did you have differentflashes? Share them with me
ADDRESS: Half Price Books, ATTN: Bedtime Storyso I can spread the energy. Orshare them with
Contest, 5803whom you need to. Send them an e-mail, itonly takes
E Northwest Hwy, Dallas, TX 75231a moment. Go ahead, do it. The ripple will befelt for a
EMAIL: URL: (Click on "Enter ourlong time. Leveraging is a mindset, let it starthere and
Bedtime Story Contest")now.
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