| February, 2003 -- Issue 27 Valeriu S. Popescu, Editor and Publisher The Internet Marketing Profits Center, Inc. Past issues available on newsletter archive ISSN: 1583-4180 phone: +40-232-477900 fax: 1-925-666-2853 email to the editor anytime at: Marketing Online Since 2000 |
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February 28, 2003 In the previous issue of my Internet Marketing Profits Newsletter, I promise to come back with a fool-proof system which guarantee you a surefire success using reprint rights for different internet marketing products. But couple of days ago I realize that you MUST be well-prepared before you jump on these strategies. As a result, I do a little research and try to grab your attention with two important marketing aspects: copycat and copywriting. In the first article, you'll discover how other people become very successfully online. 'Copycat' their success! Take home a few lessons from these successful web entrepreneurs - it will worth every minute you invest in reading their stories. The second article reveal a step-by-step formula for writing profitable sales letter, one of the most crucial aspects of online marketing. Learn from Michel Fortin, the author of the best selling book Power Positioning, how to transform your sales letter, web site or marketing message into a more compelling machine that drives customer actions and generates results. This issue includes: 1) "Exclusive Case Studies: Three Regular People Share Their Secrets To Earning $100,000+ With Their Internet Home Businesses!"2) "Finally, You Can Know Exactly The Eight-Step Formula For Writing Long Sales Copy That Sells!"3) "Classified Ads."4) "Tell Us What You Think!"
Below are the stories of three successful online entrepreneurs, each of whom has taken a different approach to profiting on the Internet. What do they have in common? They all made the decision to focus on just one marketing technique at a time and to do it really well! This is a great lesson for any business. All too often, I see entrepreneurs trying to market their businesses a dozen different ways... and not really succeeding at any of them! The problem isn't a lack of great marketing ideas, but TOO MANY marketing ideas! If you have many different marketing strategies in place and you t none of them are really getting you the results you need, try focusing on just one and giving it all you've got. I think the results might surprise you! As you read the case studies below, remember that these are "real people" just like you and me. Each one of these entrepreneurs focuses on just one marketing strategy at a time, does it well, maximizes profits, and then moves on to the next one. They all say they know there is much more they can do -- but they recognize that they don't have to do it all right now.
Secrets To Their Success Case Study #1: Truck-Bed-Covers.com When Eric Weeks of Truck-Bed-Covers.com decided to start an online business, he knew it was critically important that he get traffic to his site -- so he decided to focus all of his attention on search engine optimization. This one technique has brought Eric huge success. Using this single strategy, he sold $800,000 worth of product in his first year online -- over $200,000 of which was pure profit! When Eric first started optimizing his web site for high search engine positions, he saw it as a challenge. "The opportunity to compete for top search engine positions was exciting to me," Eric says. "I love competition. It gave me a target, a bow, and the arrow." So he started educating himself on how to achieve Top 10 search engine placement -- focusing all his energy on this one aspect of building an Internet business. "I studied every article I could get my hands on pertaining to the subject," Eric says. "And the site began turning a profit day one. Top listings on Yahoo! and Google for the term 'truck bed covers' (which gets roughly 800 searches daily according to WordTracker) and a healthy profit margin ensured early success." For those who are just starting to take on the challenge of search engine optimization, Eric offers the following advice:
Remember, Eric's success came from focusing on just one marketing strategy and really conquering it. Only now that he has mastered search engine optimization will he start to think about some of the other marketing ideas he's had floating around in his head for some time. "If we weren't the first listing on page one of the major search engines -- if we were the first listing on page TWO, we'd only do a small fraction of the business we've been doing," Eric says. (a great truth if you want to rely only on the search engines traffic --->> IMP newsletter editor remark) Secrets To Their Success Case Study #2: Sage-Hearts.com Promoting affiliate products can be a great way to earn money on the 'Net -- especially if you don't have a product of your own to sell. But just putting up a few links and calling it a day won't cut it. If you don't give your affiliate endeavors the attention they deserve, you will likely be disappointed by the paltry commission checks you receive. Rosalind Gardner of Sage-Hearts.com has established herself as an expert in online dating services by building a site that provides tons of useful information about the online dating scene. And she's used that reputation to build a healthy affiliate income, promoting the top dating sites she reviews. Her focus has allowed her to earn $30,000 to $50,000 per month, with a whopping 40% to 50% profit margin. Rosalind owes her "super-affiliate" status to some very simple but incredibly effective techniques that allow her to have conversion rates 3 to 5 times higher than most. How does she do it? "High-volume traffic sites are one of the first keys to earning excellent revenue from affiliate programs. A great conversion rate is another important factor," Rosalind says. "I believe the main reason for my excellent conversion rates is that I offer excellent products that I've researched thoroughly and on which I'm willing to stake my reputation." And there's the key -- Rosalind thoroughly researches any program she plans to get involved with, making sure she's comfortable with both the service she'll be recommending and the program itself. "Fortunately, top-quality services and reputable affiliate programs tend to go hand-in-hand," she says. Here are some of the things Rosalind recommends you look for before joining any affiliate/associate/reseller/dealer program:
She also recommends making sure that you understand your affiliate agreement by reading it from top to bottom before signing up and monitoring your statistics to keep close track of payments. Once you're comfortable with the program, make sure you give your customers a reason to click on your affiliate links -- and that the affiliate products and services you're offering appeal to your site's audience. Rosalind has accomplished this by personally reviewing and profiling the dating sites she recommends. Plus, she makes a point of constantly updating her reviews to make sure her visitors have a compelling reason to return time and time again. Secrets To Their Success Case Study #3: InvestmentHouse.com Free opt-in newsletters are another great way to establish yourself as an expert in your field. They're also a great tool for capturing the names and e-mail addresses of potential customers so you can contact them again, continue your relationship with them, and hopefully convert them into customers. Eric Aafedt of InvestmentHouse.com offers a number of online newsletters, both free and paid, to a subscriber base that is currently 130,000 strong and growing. With an emphasis on opt-ins over traffic, Eric grew from gross revenues of $80,000 in 1998 to a whopping $2 million by 2000 -- and now, a couple of years later, he's got the rules of success down pat. What's his secret? "My focus is solely on getting opt-in e-mail addresses and then converting them to paying customers over time," Eric says. That's why Eric offers both free and paid investment newsletters. Once visitors opt in to one of his free publications, he offers them:
Notice how Eric's focus on newsletters allows him to leverage his opt-in list, nurturing them until they become paid subscribers? "If I was going to give just one tip," Eric says, "It would be to have a process in place that constantly keeps you in touch with your opt-in list and that constantly gives them the opportunity to see that you provide a quality service... and then requests that they 'convert' -- or in my case, register for a premium service." It's an art form he's truly perfected, allowing him to create huge success -- and profits -- based on his subscription income alone! And remember, a paid subscription produces ongoing revenue! "It's great to sell a product for $29.95," Eric says, "But it's so much more powerful to be able to sell it 12 times to the same person in a year!" Of course, with an opt-in list as big as Eric's, automation is critical. It used to take three full-time employees to keep his business running. Now, with all of the newsletter processes automated, he has been able to reduce his payroll by 60% -- and focus more of his own time on growing the business. Final Thoughts: There are hundreds of techniques you can use to build a successful online business. But if you try to implement them all at once, you're going to be scattered and unfocussed -- and none of your strategies will work as well as they could. Take a look at your web site now and choose one area to really focus on. Then, dedicate yourself to learning absolutely everything you can about that one area -- so that you can truly become a master. You don't have to know everything to have a successful online business, but knowing how to do one thing really, really well is a great place to start. And if you think you've got a success story that my Secrets To Their Success subscribers would like to read about, please visit http://www.secretstotheirsuccess.com/suggest and tell me all about it. I'm really looking forward to hearing from you!
A lot of people ask me how I write copy. Of course, there's way too much information to squeeze into one article. But I can offer you a basic look at my methodology by giving you a short list of the eight steps that I take. Here they are. Step 1 - First, with all projects I ask that my clients take time to answer an initial, 25-point questionnaire. Their answers will provide some background information. Admittedly, there's a lot of research to do. But they provide me with a place to start and, more importantly, a basic understanding of their business, the purpose of the message and its goals. Yes, that's "goals" in the plural. Of course, there is the main goal, which may be to generate leads or sales. But other, secondary goals may include: to dispel rumors, eliminate misconceptions, answer questions, build credibility, differentiate from the competition, etc. (If you want a sneak peek at my questionnaire, I posted one online at http://successdoctor.com/questions.htm) Step 2 - Then, I read and study the answers carefully, and I also add to the questionnaire by conducting a lot of "exploratory" research. That is: I try to gather as much information as I can - anything about the business, the product, the offer and, above all, the target audience. Throughout the process, I copy everything into a plain text editor (I use TextPad), where I can easily rearrange the content, include any corresponding URLs (links are active in TextPad), make important notes and add small story blocks. (I'll return to this later.) Step 3 - When I conduct my research, it also helps me to go through the information and pull out the important stuff. The idea at first is to have as much information as possible at my fingertips: including facts, features, factors, etc. I undiscerningly add whatever information I find out there. Of course, there's a lot of good information out there. But a lot of it is also irrelevant to the story or the platform (I'll return to this). At the beginning, however, I gather as much as I can, put it all into one document, highlight the most important information and later discard the rest. Step 4 - After that, I dig deeper. I spend a lot of time studying the information. I ask questions about the product or the offer, and perhaps try to get some clarification from the client. And I try to put what my client tells me into words that specifically meet my client's audience at their level. You see, what the client feels is appropriate (or positive, or beneficial, or interesting) may not be a shared feeling among her clients. Too many businesspeople are "married" to their products or businesses that they tend to forget (or at least become removed from) their clients' perspective. Step 5 - Next comes the creative part. I first try to find what top copywriter Bob Bly calls "a copy platform." A platform is a storyline, an angle or a slant that I will take to describe the offer. It may be the fear of loss, a news story, a "hot button pusher," a success story, a claim, the pleasure of gain, a takeaway offer, a "lie dispelled," a secret, etc. From the platform, I write the copy but start with bullet points only. (The platform will give me a good indication of what I can write about and how to write it, as well as the options I have.) For example, I do:
Step 6 - I then rearrange the content for flow. One of the benefits of working with TextPad is that I can work with multiple, tiled windows opened at once, each showing a different part of a same document. That way, I can easily scroll through each window and rearrange the content from one window to another (i.e., from one section of the copy to another). Why? Because it helps me to ensure that the ideas in the copy flow properly and that they follow the AIDA formula (i.e., that the copy grabs their attention, creates interest, builds desire and calls for action). From this, I can sense if I need to also add certain elements, whether cosmetic (such as a grabber) or tactical (such as a liftnote or pop-up). Step 7 - Once re-arranged, then I write. I expand, cut out, tighten and add more. I then place it all into an HTML or rich text document in order to add emphasis, such as with formatting, typestyles, tables, colors, graphics and so on. (Cosmetics of direct response copy are important, since certain visual "triggers" help to increase both readership and response.) I re-read the copy. Out loud, too. Why? If I ever struggle with a part of the copy, or if I verbally trip, then I know I need to edit or rewrite that section of the story. After I'm done, I have my assistant proofread it, and then upload it to my website for my client to read and offer feedback. Step 8 - I revise the copy until the client is satisfied.There is no way to predict how well my copy will do. For some, my work multiplies their response rates like gangbusters. But for others, my copy is a downright dud. It happens, maybe because the platform is wrong, the audience is not targeted or the offer is not appropriate and will never sell, no matter how good the product is. The only way to know is to test. (this is something I preach from years to 'Net marketers: TEST, TEST, TEST everything you have online! ->> IMP newsletter editor remark) I appreciate it when my clients keep me posted on the results. While there's not much I can do, it gives me an idea of what can be improved. In fact, some clients prefer to keep me on a retainer after the initial project, so they can have me rewrite parts of the copy or offer any suggestions on how to improve it, without contaminating the initial control.
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Dear friend, I would love to hear what you think of this issue of The Internet Marketing Profits™ newsletter. And of course, if you have any suggestions for upcoming issues that you'd like to share with me, please send those, too -- just email me right away! And don't forget to check out the previous issues at the Internet Marketing Profits Newsletter Archive. Warmest Regards, Valeriu S. Popescu, Editor and Publisher ^ back to the top of the Internet Marketing Profits Newsletter, issue 27 DID YOU LIKE THIS ISSUE? Please forward it to your friends, co-workers, colleagues and anyone else that you think would like it. Thank you for your continued support! DISCLAIMER: I urge you to exercise due diligence in responding to any advertisement or article posted here or in any other future issue. I do not give business or professional advice in this newsletter and therefore cannot be held responsible for results you get from responding to ads or articles in this newsletter. I urge you to exercise due diligence in all of your online dealings. |