Hello
Children,
Congratulations
to you both.
Emma,
you got the part of Patty in Grease. You don't know it yet but
this is no ordinary school play. This is a big production for
the sheriff's foundation and you will be performing at a huge
charity event. Emma, you asked me if I would be disappointed
if you didn't get the partt and if I wanted you to try out for
the part. I said, "I only want you to try if you want the
part and I will only be disappointed if you wanted the part
and didn't try."
You
just keep amazing us. One day I will get to teach you how to
accept failure after trying but not yet.
Preston,
you wrote your name for the first time. Your mom was a bit worried
but I knew you had the genes of a writer.
Well
I have good news too.
This
project is really becoming a collaboration of experts. There
is so much going on at once and it is all very exciting. There
is so much to report I am not sure where to begin.
The
lead count continues to grow and it looks like my report on
interest is a hit because nobody unsubscribed after getting
it and it looks like people are recommending that others check
out the website.
My
original plan included a google ad campaign and once my list
and content were established, I was going to work with affiliates
and try a couple of endorsed email campaigns.
I
am still planning on doing all of that only…
I
now have EXPERT help!
A
few top-notch electronic marketing experts were huge fans of
your Grandfather and like these new Boron letters. They have
offered to help me with the online marketing campaign and believe
me when I say this is going to be great.
Here
is an interesting story about your grandparents. A long time
ago Grandpa Gary and Grandma Nancy were in a bar overlooking
the Pacific Ocean. They were discussing who was smarter and
to settle the matter Grandpa turned to her and said, "Suppose
we needed to get to Catalina Island in four hours or the kids
would lose their lives. What would you do?"
She
went on to explain how she would take a huge wad of cash and
head to Marina Del Rey and exactly who she would go to first
to charter a boat and explained all the different things she
would do if that failed.
Grandpa
then said, " you know what I would do?"
She
said, "no."
He
then said, "I'd ask YOU what to do."
See,
being smart isn't always having the best answer. Sometimes being
smart is knowing who does.
In
my case, I am more than happy to get help from the best experts
on google ad words and website launches and so forth.
I
have been getting some good ideas from Sam Markowitz. I am getting
a lot of help from Scott Haines, Nancy Jones and now the list
is growing.
People
are also offering up content for the insidersecretsoftherich.com
website.
By
the way, Grandpa also loved it when a project excited other
marketers and would also take advantage of help from other experts.
Another
lesson here, is one I learned from my oldest brother Jeff. He
once told me that you have to put yourself out there to get
what you want. If you let people know you are looking for a
job and can't wait to get back to work, people remember that
and if they hear of an opening, they will remember you.
If
you choose to sulk instead and not tell anyone of the shame,
that you no longer have a job, they can't recommend you, because
they don't KNOW you are out of work. If there is an opening
at their place of employment, will they want to recommend and
work with someone who is a downer? I doubt it.
After
writing the above few paragraphs, I heard a lady on CNN say
that when it came to finding new jobs nothing was as effective
as your own network of friends and associates.
I
love being right. I just wish it was all the time.
This
lesson is also good for almost everything you want to do. If
you collect bumper stickers and tell everyone of your passion,
people will send you bumper stickers and call you, when they
see a box full at a yard sale.
I
put out what I am doing on grandpa's website and I tell everyone
who I know has a positive attitude, what I am doing and the
offers of support have come pouring in.
The
expert advice is very welcome. This great network of people
will hopefully be there for both of you when you grow up too,
but everyone has a network of people and the lesson is, don't
be shy about expressing your goals and they will become easier
to attain. Remember, nobody ever does anything all by themselves,
we all got help somewhere.
Okay
back to the details of our project.
Our
lead count is 130 and still growing.
We
have no negative feedback from the first follow-up report about
living on interest, which is a good sign.
It
is time to discuss online marketing, because we have done very
little so far and we are about to do a whole lot more.
In
college they taught us that there are four main categories of
marketing they called the four Ps. They were product, promotion,
placement (distribution) and price.
I
have always maintained that if a business could improve on any
of those four via the internet, then they will have great success
online.
For
example, if you can improve your promotions because a video
demonstration really sells your prospects more than any still
pictures ever could, like a toy that is really cool to see in
action, then a website can really help you promote your product.
Colors,
images and audio/video presentations pdf files give us much
cheaper ways to make very elaborate sales pitches. If you wanted
to show a prospect a video of a gizmo, you used to have to make
a copy of the tape and send it at an expensive cost through
the mail, which took a long time and hope the prospect cared
enough to remember to watch it.
Now
they can click their mouse and see whatever you want.
If
the price can be lowered, because you can now take orders over
the net and not have to pay for an expensive store front, you
may get a boost from emarketing.
If
you can actually deliver your product or service over the Internet,
you may be able to save so much in shipping, that a business
which was previously to expensive because of delivery costs
is now viable such as cheap reports or e-books for $9.
Best
of all, is when the business is only made possible by the Internet
like Ebay. To replace Ebay without the internet is impossible.
You
can see that within these four categories there is lots and
lots to discuss and we need to start somewhere so let's start
with promotion.
It
is my belief that the leads I generate running space ads in
newspapers are better and worth a lot more than leads generated
by google adwords or banner advertising. I could be wrong and
all I want is to know the truth.
However,
I see no reason not to try it all. As long as it is profitable,
I will do both.
I
think the most important difference between good online marketing
and print marketing is the attention span of people online is
much much shorter.
When
it comes to print, everyone is sort of trained to start at the
top left and read to the right and work their way down the page.
Avid readers usually don't skim or skip ahead when reading.
For those that do, we usually put subheads or mini headlines.
Online,
Nobody Wants to Read Much!
Someone
emailed in after reading an announcement to my father's fans
that I should keep my sentences down to, no more than 127 characters
per paragraph.
This
is normally true. However, my father's fans are very literate
and the Boron Letters will be printed out and since the point
was to alert them, the minute they got the gist of what I was
announcing, they could stop reading the announcement and go
straight to the website.
With
all the other emails I write to prospects, you will see short
sentences. If it is long copy I send it out in pdf. Format so
they can print it out easily.
When
it comes to web pages, the online viewer's focus is right in
the center of the screen, where the initial focus goes and instead
of going from left to right in an orderly fashion, the reader's
attention floats about like a lightening bug in a jar.
The
Internet is also shocking. The stuff you see on the Internet
is so shocking, you really have a much harder time standing
out without saying insane things, because…
On
The Internet, There Are A Ton of People Saying Insane
Stuff!
This
is one drawback of e-marketing. There is less trust in it.
Newspapers
will not allow you to run an ad selling a machine that turns
lead into gold. Newspapers and magazines do not want to ruin
their reputation with cruddy Ads. However, they want Ad revenue
so what they allow you to advertise and how, is sometimes a
negotiation. For example, since our Ad looked like an article
we had to put the word advertisement at the top. We may ask
them to let us lower the font size but, they do screen the Ads.
Not
so with the Internet, where you can tell millions of people
you lay golden eggs and will sell them for $3 each.
Credibility
is still an issue in print and online but you can also use both
to gain credibility.
The
more often a person sees an Ad in a paper, the more they think
to themselves, "Hey, these guys re still around and the
paper hasn't found anything wrong, maybe they are for real."
Online
you can log onto forums and literally give yourself the reputation
you want. If your name is too common or someone very famous
already takes all the top google spots like Dan Brown, create
a unique company name and start praising it in forums and around
the Internet.
People
who want to check you out online will go to google and punch
in your name or the name of your company. The highest ranked
sites will usually be forums. If you post lots of good stuff
about yourself on the forums, your online reputation will look
stellar, giving you credibility.
The
most effective way to market online is through google ad words
and endorsed mailings.
When
a person or company with a good reputation has a large audience
and endorses your products or services, you really begin to
make a lot of money. They bring the credibility and you bring
the product or vice versa.
Marketing
online is much more about networking than print media ever was.
Let's
look at the factors I have already outlined about online marketing.
- Marketers
need to keep in contact with all the people on the list and
provide good content to keep them happy.
- Online
delivery of marketing materials such as reports, letters and
videos are cheap if not free.
- The
easiest money comes from endorsed mailings.
Add
that all up and what it means is people are desperate for content
and …
Willing
to Make Deals Left and Right!
Because
online lists need to be contacted so much there is room for
a lot of promotions and the more the merrier.
People
working online are very receptive to cutting deals with each
other.
Another
aspect of online marketing is people can create and delete online
accounts and email addresses at will.
Snail
mail addresses can go bad because people move, but e-mail addresses
can be kept forever or deleted. People can also have an unlimited
number of e-mail addresses as well.
I
keep two and so do many others. We use them to sort our e-mail
from stuff you may want to read and regular e-mail.
In
honor of my pop we will call primary e-mail addresses the A-pile
address and the email accounts used for less important mail
we shall label B-pile addresses.
Another
huge difference with online marketing is that junk email or
spam is illegal.
To
cover your behind, you need to make sure everyone has signed
up for your emails. They call this opting in. To be extra sure
they are legally clear, some marketers have people verify twice
that they want to receive emails. This is called double opt
in. Keep the complaints or spam reports below 1/10 of 1% and
everything is fine.
To
make it all simple we use a service to handle managing our lists.
The service is called aweber and can be found at www.aweber.com
When
people sign up for our website, they do it through these guys.
Aweber
keeps a copy of the list and when we want to send out a notice
or email to the people on the list. This is VERY helpful when
your list gets into the thousands.
At
the bottom of every e-mail you send through them, there is a
place where the recipient can elect not to have any more mail
sent to them. Aweber will also keep track of those that unsubscribe
to make sure you don't send them spam. This is called opting
out.
Aweber
also has some other features I like.
When
you get an e-mail address through aweber you can usually tell
what part of the country they are located and what is their
area ode.
The
more knowledge we can get about our clients or prospects, the
we can tailor or personalize our marketing.
There
are geographical biases among people. You can just look at election
maps to see proof of that. Knowing your customers is vital and
where they live says a lot.
In
our case……..
Suppose
we find that people in affluent areas with a lot of retirees
seem to like what we do, and then we can target our marketing
to address concerns more specific to them like reports on living
trusts.
We
can also then seek to do joint ventures with others who have
lists of affluent retirees.
See,
knowledge is everything.
Another
tool we use for online marketing is Alexa. It is basically a
ranking of traffic on your site compared to others who have
signed on to have their websites tracked.
It
is really good for comparing your website to others' and charting
your website traffic patterns.
Sometimes
you want to keep people happy and you post information and don't
ask them to do anything you can see like order or sign up for
something. So you send out your letter, report or whatever it
is into cyber space and hear nothing.
That
silence used to drive my dad nuts. He started asking people
to do simple things just so he could reassure himself people
were reading his letters.
Then
he got hooked on his Alexa ranking. This is one way I know people
really like these letters. His Alexa rating spiked and shot
up from an average of around 65,000 to near 20,000. The daily
average ranking has climbed about 1000 places.
Time
to go feed you guys.
With
all my love,
Pop
Copyright © 2005 Gary C. Halbert. All Rights
Reserved.
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