QA 84 – John Lee Dumas Answers "What makes a webinar worth the time?"

In today's Q&A, we are helping Kenneth figure out if webinars are worth it and what passive income truly is in comparison to time for dollars. Do you have a question you want answered on our podcast? We would love to help you! Click here to ask your question! Resources Mentioned in this Episode Today's expert is John Lee Dumas from Entrepreneur on Fire Flip Your Life Program Podcasters Paradise Webinar on Fire John's book "Podcast Launch" Leadpages Chatroll Chatwing Let's dive into this week's question! JOCELYN: Hey y'all! You are listening to an expert Q and A with S and J. Today's expert is John Lee Dumas of the Entrepreneur On Fire Podcast on entrepreneuronfire.com. SHANE: Welcome to the Flipped Lifestyle podcast where life always comes before work. We're your hosts, Shane and Jocelyn Sams. Join us each week as we teach you how to flip your lifestyle upside-down by selling stuff online. Are you ready for something different? All right, let's get started. SHANE: What's going on guys? Welcome back to the Flipped Lifestyle expert Q and A. Jocelyn and I always stressed there is more than one to skin a cat. We do not have all the answers so sometimes when you send us a question we got to go out and find that answer. We bring in an expert. We make sure you're getting great information to take your online business to the next level. One of our favorite expert is back on the podcast today. It is none other than John Lee Dumas of Entrepreneur on Fire. John what is going on man? JOHN: I am just excited to be back and I don't know the smoke signals have started. SHANE: That's what I am talking about. Last time you were on there was a bonfire. I thought there might be nuclear bomb dropping on us today man. We are just setting the world on fire with the expert Q and A. Awesome. Okay. Let's just into our question for today's podcast. Jocelyn? JOCELYN: Alright. Today's questions is from Kenneth Harrell and Kenneth says I constantly hear experts like you guys say I should host a webinar but why? Isn't a webinar live? Why do you want to trade time for dollars? I thought the goal was passive income. What makes a webinar worth my time and effort? SHANE: So we've got two great questions here actually, a hidden one and a real one. The first one is why a webinar is worth it. The second one is this mythical passive income and how it works and it's just you turn it out and you set it and forget it forever. So John you can get the tough love stick back out this week and talk to our guest here about webinars and passive income. JOHN: Yeah I need the tough love stick again so thanks for passing it over the airways I am definitely holding it with two hands. SHANE: Swinging for the fence. JOHN: Yeah swinging for the fence. Kenneth, let me kind of breakdown what time for dollars is first. I think that's kind of an important thing that you are missing here. Time for dollars is saying, hey listen I am going to do X for X as far as like I am going to spend one hour doing this per $20 in return or I am going to coach you for one hour for $350 in return. That's trading time for dollars. Webinars are completely different in so many ways but I'll start with just really the biggest way and that is with the webinar you can scale and leverage infinitely. Now for me, I do webinars every single week and actually in 2014 I did 60 live webinars for Podcasters Paradise alone not to mention about another 20 or 30 for Webinar on Fire. And so what I love about webinars and why it's just the opposite of trading time for dollars is just you can have an unlimited amount of people on that webinar so what you're doing is you're saying I am going to give this presentation. I want as many people as I can drive via organic, maybe it's your podcast, your blog, maybe it's your social media post, maybe it's Facebook, Twitter, YouTube advertising. Any number of ways, I am going to drive as many number of people as I ca...