Giving free speeches to professional and community organizations is an easy way to improve your credibility and build your reputation as an expert. More than that, it is also a way to make money—directly and indirectly.

First, create or obtain products you can sell after your talk. The fastest way to do this is to buy products from someone else. For example, if you are a expert on personal security, you could offer a few security devices (such as hand-held alarms or pepper spray).

You can also develop information products. Put together booklets of personal security tips for women, security for travelers, keeping your home secure, etc. They don’t take long to write, and can be produced in small quantities for less than $1 each. Additional information products would include books, posters, audio CDs, DVDs, t-shirts, etc. An audio program can be created simply by recording one of your talks.

Always provide a handout when you speak. One page is fine. Include some of the important points from your talk, or some tips related to your topic. Make sure you include information about how you can be contacted. On the back, put a brief bio and/or information about your products and services. Include a special offer or coupon, with an expiration date, to encourage the audience to contact you.

Customers often need to see you more than once before they make a buy decision, so keep yourself in front of the audience. Collect names and addresses of the audience members, and mail to them after the talk. Remind them when and where they heard you talk. The organization may give you a list of attendees if you ask. Or, you can collect the information. Offer a drawing for a prize (such as one of your booklets or other products) and collect business cards for the drawing. Or offer to send additional information to those who provide a business card.

Encourage audience members to sign up for your email list. Do not just add people to your email list because you have their email addresses. Make sure you also have their permission to email them. Doing otherwise makes you a spammer.

After you have been speaking for free for a while, you will get asked about your fee to speak. This opens the door to a whole new set of opportunities. If you are asked about your fee for speaking, it means you are ready to become a professional speaker—a professional expert on your topic.

Learn more about creating information products and making your speaking more profitable here.