How to Host a Challenge and Maximize Profits
Have you ever thought about conducting coaching, but the idea seems too intimidating for you? There might be an alternative that works better. Itís called challenge hosting, and itís becoming more popular for entrepreneurs who want to lead in a different way.
A challenge is similar to group coaching, only itís more like a membership where youíre leading a group of people instead of having a heavy back and forth conversation. Often in a challenge situation, youíre leading by example.
So for instance, if you want to conduct a challenge for video blogging, you could do that. It might be a 30-day, 21-day or even 2-week video blogging challenge where you lead others in the task by showing them how itís done.
Youíll need somewhere to host the challenge. It could be in an email, inside a membership site like via Amember, or even through password-protected blog posts where they can log in, view the lesson and participate in the comments section.
To see if a challenge would be right for you, start by thinking of something in your niche that you feel confident that youíre good at doing. It might be composting or canning foods, losing 10 pounds effortlessly or blogging.
Make a list of lessons you could share in a 2-week challenge and outline each lesson with the tips that you would show being implemented by yourself so that others could mirror your efforts.
It will be your job to motivate your participants along the way, helping them correct mistakes they make or answering questions that provide an obstacle for them as they try to complete the task at hand.
Aside from showing your challenge participants how something is done, make sure you share why itís done, and maybe include tools that can help make the process easier. This is also a great way to increase your earnings with affiliate sales or sales of your other products.
How much should you charge for a challenge? It can be any amount. A good starting point is $27 for two-week challenges, $47 for 21-day challenges and $67 for month-long challenges.
You can even let affiliates promote your challenge if you list it on JVZoo and then recruit affiliates for it. There wonít be anything for them to review yet, unless you create your challenge lessons ahead of time ñ so youíll need to ensure that youíll deliver quality information to the people they send to your offer.