Archive for September, 2008
Always Write a Report About What You Learned
I'm back from my trip from Affiliate Incubator 2008 Dallas.
I learned a lot, and here's my tip for attending seminars: Take whatever notes you write down and turn it into a PDF report, that you NEVER show anyone else.
Not only does it train you to keep pumping out 5 to 10 page reports, the information becomes a part of you because you retyped it and revised it.
If I had a clone who wasn't able to attend the seminar, I could just hand this document over to him and he would have all the info without having to attend.
I'm a pretty rare note-taker. If you're a smart enough businessperson you know that 99% of what's being said doesn't apply to your business, but I still wrote about 10 pages of notes.
I took the best of Perry Belcher's AdWords tips, Ryan Deiss' continuity management, Mr. X's time management secrets, Frank Sousa's traffic tips, Russell Brunson's "moving the free line" and article marketing stuff, and Anik Singal's affiliate marketing techniques... plus some stuff I learned from chatting at meals and made it into an 8 page report.
To be honest, I walked out of all the other presentations to avoid information overload. There's only so much information you can absorb over a weekend, and with seminars I always avoid the newbie oriented stuff.
Now I've torn most of the pages out of my physical notebook and I have stuff to do for the next 30 days to keep me busy.
To be honest, looking back over my report, I'm going to ignore about half of the tips on there because I know I just won' t have time for them.
Knowing what NOT to change on is even more important than knowing what to change in your business.
Anyway, my friend Jason Fladlien wrote up a quick report of his own about the 8 mistakes he saw being made at these seminars.
Some of these are truly classic, like the SEO guy and the "60 Second Rule." If you can't make a decision about something, give yourself exactly 60 seconds to decide.... even if it's the wrong choice.
P.S. No, I didn't get to meet Russell, but I did meet Stu McLaren, Joel Christopher, Big Jason Henderson, Blake Milton, Bobby Walker, and more. It was great to see Eric Louviere again, and Marc Harty talking about mini-days.
P.P.S. I'm also on an article writing frenzy, setting aside one hour per day to write 7 articles... before I come off this seminar high.
Today's Question: What's your best post-seminar productivity tip? How do you get back on track, and maintain that seminar high?
I need my ten comments... if I don't get them, I'm never attending another seminar ever again.
Affiliate Incubator Part 2
The other day we went over some stuff you can do to promote products as an affiliate, but what can you do to get others to promote YOUR affiliate products?
As of this writing, I sell 48 different products from one Clickbank account. Affiliates only account for about $1,000 per month of my income, but hey that's a free $12,000 per year on top of everything else so it's definitely worthwhile.
I'm sure the seminar will have some kind of non-disclosure agreement, so I don't want anyone to think I'm passing on something from the seminar... which I haven't attended yet. Let's get my affiliate MANAGING tips out in the open right now.
Affiliate Management Tactic #1: Offer High Commission or Recurring Commission
I joined Amazon.com's affiliate program, the first BIG affiliate program on the net, in 2000. They offered 15% commission on DIRECT sales (if you linked right to that product) or 5% on SIDETRACKED sales (you link to that product and the person buys something else on Amazon.com).
Screw that. If you are running a pay per click ad campaign, the sales letter you're promoting converts at 1%, the product costs $30, and you get 50% commission, your maximum bid would have to be 15 cents just to break even. 10 cents per click if you even want 50% profit.
Likewise, if that same vendor offered 75% commission, you could bid up to 22 cents per click. If they offered a $297 upsell, and 10% of buyers took the upsell, that brings the "average" product price up to $56.70 and means you can bid up to 42 cents per click.
Introduce backends: upsells or one-time-offers, thank you page offers, recurring commissions, anything to give your affiliates more money... and they'll be able to afford sending the serious pay-per-click and targeted traffic your way, instead of the usual "setup a blog and post to forum" half-assed effort.
Give free access to the product after a certain number of sales. Incentives for the top affiliates... plasma TVs and MacBook Airs... but only if it's a big launch. Russell Brunson gave an H3 Hummer to his top affiliate once! Show affiliate leaderboards to get people clawing for the top spot.
Affiliate Management Tactic #2: Provide Banners and Solo Ads for Affiliates
When I give affiliates something to promote, I create a page for them where they can fill in their ID and it shows them their affiliate link and a solo ad branded with their ID. I do this using JV Plus.
A solo ad is simply a quick e-mail your affiliate can cut and paste to send to his list. It doesn't have to be long, just 250 words. Find the best bullet points or the biggest benefit/takeaway and write a SHORT article about it. Tell affiliates they can post it on their blog, submit it as an article, send it as an e-mail, do whatever they want with it.
468x60 sized banner ads are also popular but for me (not being a graphics-oriented guy), the solo ad is most important.
Affiliate Management Tactic #3: Remove Distracting Links
Remove opt-in forms, squeeze pages, offsite links from pages affiliates will send traffic to. I just had this argument with Ben Prater about an opt-in form he had on a sales letter I was promoting as an affiliate.
If I'm sending affiliate traffic to someone else's site... it's not leading to a sale... and it's building someone else's list without giving me credit, I'm GIVING away subscribers. Your list is your baby... your affiliates value their own lists as well.
What's your TOP TIP for getting affiliates to promote your products? Give me ten comments, below and I'll increase the affiliate payout on ALL my products across the board from 50 percent to 60 percent.
Affiliate Incubator Part 1
I'm attending the Affiliate Incubator seminar next week (Sept. 25th - 27th 2008) in Dallas, Texas. I'll probably learn lots of things about promoting stuff as an affiliate.
Affiliate marketing is pretty cool, you don't need to worry about product creation or customer support, you just send traffic to the vendor's page and then get your commission.
My own products sell the best to my list ($2000 to $4000 launches all the time) but I have been known to send $500 e-mails on a regular basis. Recently, I promoted the legendary Ben Prater's "iPhone Secrets Exposed" package.
That landed me 8 sales on a $397 product with 50% commission. You do the math... that's 1500 bucks from a couple of e-mails, probably 20 minutes of work writing the follow-ups. Those e-mails were so good that Ben incorporated them into his sales letter.
Let me empty out my brain with what I know about affiliate marketing already...
Affiliate Tactic #1: Have a List Already
It's simple, you can't expect any big profits unless you have a list of leads you've built yourself and more importantly, qualified buyers. Write up a quick 10 to 20 page report, record at least 20 minutes of videos and price it at $7 to get lots of buyers. Make sure to capture an e-mail address after the sale.
If you can get just 100 people to buy that $7 report, you can safely assume you'll score one affiliate sale... if you promote a complementary product to that list.
Affiliate Tactic #2: Think of Something They Didn't Think Of
I learned this one watching Todd Gross promote affiliate products. He promoted a product called "Floating Action Button" ... it's just what it sounds like, shows a hovering box that moves as you scroll. My Action PopUp script does the same thing.
Instead of giving people the usual sales pitch about popups, he showed how cool it was to place a YouTube video on the floating button, giving your sales pitch in the corner WHILE they read your sales page, and you urging them to click the order button.
All I see Big Jason Henderson do when he promotes affiliate products... records a video of himself (either screen capture or talking head) going over the benefits, then he watermarks his affiliate link to the bottom of the video and blasts that video out to YouTube, Revver, Vimeo, all the video sites.
When I promoted "iPhone Secrets Exposed" I just thought of what Ben left out of his sales letter...
E-Mail #1: You should be in a SPECIFIC profression... i.e. iPhone programmer instead of a regular programmer. No URL yet, just warming them up.
E-Mail #2: Code iPhone apps to get a recurring income on subscription fees... I just looked at Ben's bullet points and asked myself, "WHAT'S IN IT FOR ME when I create an iPhone application?"
E-Mail #3: Are iPhones an untapped resource? What would you do if you invented YouTube, MySpace, before anyone else. If you don't code an iPhone app is it like letting the next Facebook pass you by.
E-Mail #4: Statistics to blow them away. There are this many iPhone users, this much profit from the AppStore, this many applications (low competition).
That's it. I could have fired that off as one e-mail but I spaced it out into several.
This tip goes without saying: Don't promote the same launches as everyone else and don't use the samea cut-n-paste affiliate messages as everyone else.
Affiliate Tactic #3: Proper Redirects
Don't promote your naked affiliate link. Get a simple script to send traffic from a link like http://www.robertplank.com/recommends/some-affiliate-program so it's not totally obvious you're using an affiliate link.
Actually what I really prefer is, I register a .com domain and use that as a redirect. It's only 8 bucks, and I've got some really good ones. For example, Jason Fladlien's 7 Minute Article product is on a domain name called "InstantContentCreation.com" ... but I grabbed up 7MinuteArticles.com and redirected it to my affiliate URL.
I'm sure Affiliate Incubator will have a lot of newbie-oriented info like, promote recurring products... how to calculate the Clickbank refund rate or statistically decide if a product is worth promoting... how to make a squeeze page and a viral report. How to add your own crazy bonuses "Gary Ambrose" style.
But if I can find out just one thing I don't know, the trip will be worthwhile (just like everything).
What's your FAVORITE affiliate marketing tactic? I mean marketing AS an affiliate, not MANAGING affiliates... we'll get to that later.
I need ten comments on this post... add yours below... or I might stop creating products for good, and only promote affiliate offers.
Barack Obama Follows Robert Plank on Twitter!
You know you're popular when one of two Presidential candidates personally goes out of his way to add you as a friend on Twitter...
Okay, just kidding. Senator Obama is following 70,000 people on Twitter including me... his account automatically subscribes to YOUR updates when you subscribe to his.
Twitter is a social networking site where you can provide brief, up-to-the-minute updates about yourself -- you are limited to 140 characters so that people who subscribe to you can receive updates via text message.
It sounds like a big waste of time if you use it incorrectly (just like anything else)... and lots of people leave updates like:
(8:35 am) Went to the bathroom.
(9:36 am) Waiting in line at McDonald's...
(10:59 am) Leaving to do errands...
No one cares about that but people do care if you have a relevant discussion going, if you're launching a new product they would like, you have a new blog post, you're going to a seminar, or have a quick question... Twitter is a nice and easy way to build a (non-email) list.
Just about every day his Twitter update says: "In Albuquerque, New Mexico. Discussing the need for equal pay. Watch this discussion live at (url to watch the streaming video)" ... The city, state, and topic change.
That's perfect. You know what he's doing every day but there aren't a ton of annoying promotional messages, and there aren't any useless messages either.
My question to you:
Do you use Twitter?
Is it a waste of time?
Will spammers ruin Twitter?
What's your BEST Twitter marketing tip?
Please! Take 27 seconds to leave your comment below so I can get the ten comments I need to keep updating this blog...
