Seven Things

Seven Things #4: Joint Products

December 20, 200811 Comments

During lunch at the Warrior Event in April, I was with the group at a really cool Mexican restaurant and I sat next to an attendee who was an NLP copywriter.

No, it wasn't Steven Schwartzman, actually I can't remember the guy's name.  He was new to the warriors but he really knew his stuff.  (He taught coaching in the dating and hypnosis niches).

I explained to him that one of the weakest points in my business system is joint ventures.  I am not a people person.  Even though I have a large buyers list and people like Eric Louviere said I was a really popular, I didn't believe him because I don't have any really good contacts.

Some of those people on my customer list include Allen Says, Paul Myers, Willie Crawford, Marlon Sanders, Marc Harty, Mike Filsaime, Armand Morin, Tony Blake, Ewen Chia, David Valleries, Dave Miz, Kevin Riley, Paul Kleinmeulman... I could go on.

I'm still a nobody because these guys are flooded with joint venture requests... I don't offer any high ticket, high commission, recurring, multi-tier products.  I still have a long way to go.

This NLP guy gave me a cool idea to start small... and that's to create joint products... but not in the usual way.

As Willie Crawford said in his talk about joint ventures at the seminar, you need to hand everything to them on a silver platter.

NLP guy's suggestion: Ask the joint venture "target" to ask his list for their best question about your topic... whatever topic you are an expert in.

Then, answer those questions and give it to that list owner as a product... that they have exclusive rights to... that ends in a call to action to buy YOUR product, with their affiliate link.

You could host a teleseminar or even just record a skype conversation where you discuss the answers.  Maybe cut them up and make a podcast.

Transcribe them so you have an autoresponder series.

That's how you create a joint product.

That's what Jason Fladlien and I did later this year after the Philadelphia JV Alert seminar in June.  We recorded a bunch of Skype interviews... and guess what... we'll be adding them to Daily Seminar every single week.

Have you created any joint products?  Do you have any joint product tips to share?

Seven Things #3: Second Chance Offers

December 17, 200815 Comments

Stu McLaren (The Nicest Guy on the Internet) interviewed me live last night in between Jim Edwards and Joel Comm.  When he asked me what's the most signifcant change I made in 2008, the very first thing that came to mind, and therefore the thing I blurted out, was "automation."

If you can write a quick e-mail, or article, or blog post, chances are you can write 2 more really quick posts, even if they say nothing but, "Remember a few weeks ago when I said this?"   Then lead into the exact same call to action...

Answering Stu's question reminded me of when I was at the Warrior Event in Austin earlier this year, when I picked up a really great tip from Ron Capps -- the NicheProf!

We were talking about sending offers to your list and how we both sometimes send new offers to our list for old products.

Ron will send a mailing out to his list promoting a product,
then send the same offer out again in 90 days!

On average, he promotes the exact same offer 5 or 6 times (one time every ninety days) before it completely runs out of gas.

That is a freaking cool way of looking at mining gold from your list.

That's what our plan is with the Daily Seminar membership site... simply because of attrition.  I launched my first recurring membership site almost three years ago and it began with a big splash, but we didn't market it after that, and the membership slowly died off.

But you can do that with your one time products as well!

Two Products a Week?!

At one point many people on forums thought I was a machine -- that I pump out two products a week consistently. Not true. I just have so many products I created in the past year or so that it seems that way.

People forget. People don't read every single e-mail. People will look at your offer and save it for "later" ... which ends up being never.

In fact I promoted a product from 2001 (Software Secrets Exposed) ... all I did was I took an old product, slapped a dimesale onto it and told my list. $1200 in a day -- on a SUNDAY -- probably about an hour's worth of work total.

Nevermind the costs I put in, I'd already broke even on the resale rights from an earlier promo I did for that product.

The best thing was... because I had it on a timer... I didn't even do any work that day.

Your Mission (Should You Choose to Accept It)

Here's what I want you to do: The next time you send a mailing out to your list, write the mailing a second time and save it as a timed mailing to get sent out 90 days from now.

If you do that now, then just before Valentine's Day 2009, you'll get a nice little surprise bump in income!

It doesn't have to stop there. You know that 2001 product? Someone bought it and saw the 2001 copyright and asked how could the info still be relevant.

I responded with an e-mail explaining how 100% of the stuff in the book still applies today and how all the predictions Ben Prater made in 2001 are now true today.

After responding to that message, I worded it into a quick follow-up and added it to my autoresponder to go out SIX months later. Hit on an extra benefit in the follow-up that people missed or forgot about!

p.s. How's this for automation?  I wrote this blog post on April 24, 2008, when I was in a blog writing frenzy, and scheduled it for December 2008... so I wouldn't overload my readers.  It's only now being published 5 months later.  Just before it went live, I took about 60 seconds to make it current.  Best of both worlds.

Here's what we learned today:

  1. Send the same offer to your list every 90 days.
  2. You can promote the offer 5 to 6 times. (Over the course of 18 months.)
  3. Have it on a timer so you don't have to worry about it.
  4. If you can take the answer to a common fear and turn it into a sales message, do it!

Have you resurrected any dead offers successfully?  What about when you failed, how was that different?  Please leave a quick comment below.

Seven Things #2: Advertorials

December 14, 200815 Comments

In April 2008 I attended my very first real seminar.  We socialized at the bar every night (Thursday night through Sunday night) and one of those nights, starting drinking in a group of people that included Bruce Wedding -- copywriter!

Bruce is slightly ahead of where I'm at (he does $4000 copywriting jobs) and he spoke a little bit about how he has been trying advertorials.

An advertorial is exactly what it sounds like: an ad that teaches some kind of information.

I wrote a sales letter a couple of days after returning from the event and it was an advertorial. I wrote it like an action-packed article and it ended up being a 20 page sales letter.

If you know my PHP products, I sell a package of seven scripts... each script contains source code, PDF instructions, and a how-to video.

I was able to split the long sales letter into seven sub-letters. There was an overarching story throughout the whole thing, but each sub-product had its own story.

I registered seven extra domain names (each for its own script), put each sub-page as its sales letter, put up an order button and upsold it all to the main product.

Don't forget, I also wrote solo ads and setup affiliate programs for each product.

A lot of work, but there you have it... 8 products!

Tomorrow, Jason Fladlien and I are launching the Daily Seminar where we give advice about how we create products quickly, write sales letters quickly, sell without selling, and more stuff... we give advice every weekday!

Gimmie ten comments down below and I will share the next tip with you.

Seven Things I Changed This Year

December 11, 200821 Comments

Guys, I'm launching a membership site next Monday (December 15th) at 10:00 AM PST.  Just wanted you to be aware.

2008 was my most important year in marketing.  I changed a heck of a lot of things and actually took my marketing seriously.

The first thing I changed: a longer stream of upsells.

I've only started using upsells this year.  An upsell is where you sell a low-ticket item for $27 and just as your visitor goes to order, you give them a choice to either pay the $27 or $97 for a higher ticket item.

Even better, get the $27 order first and on the thank you page, give people the choice between clicking over to the download or giving you the extra $70 for the full package.

Attending seminars made me realize how short sighted I was.  Many of the attendees sell products in the $600 range and upsell coaching packages all the way up to $10,000.

As soon as I arrived home from my 4 hour flight and 90 minute drive from the airport, I changed many of my upsells that went from $27 to $97... to upsells that went from $27 to $97... to $197... and finally to $250.

I would bump the upsell to $500 or more but Clickbank has my price limit set at $250.

Do you have an upsell for your product?  How many steps?

Please fill up this entry with ten comments so I can share the next big thing I changed this year...

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