The Silver Rules of business success

From Internet marketing pioneer Yanik Silver come these 3 “Silver Rules” of business success:

>> Focus most of your time on your core strengths and less time working in areas in which you are weak.

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>> Bootstrap – start your business on a shoestring. Reason: having too much capital leads to incredible waste and doing things using conventional means.

7 Secrets For Successful Freelance Copywriting

1 – Create value in what you provide. Give 10 times or more the value of what you charge for your services.

2 – Get paid at least 50% before you begin any work on any project for a new client.

3 – Turn a small project into a larger one by learning more about marketing and upselling; e.g. if a client needs an e-newsletter, can the lead story also be used in a press release.

4 – Set up a package plan for your business that offers clients a better rate in exchange for guaranteed work over extended periods of time.

5 – Have your client sign an agreement that outlines your terms of service, what you will do, fee agreement, timetable, and any caveats.

6 – Be sure to include a cancellation clause in your agreement that lets you keep your deposit should a client cancel the contract after you’ve already started work.

7 – Never charge by hours worked. Charge by project based on the value and return on investment (ROI) you’ll provide.

Source: The Writer’s Life, 8/3/12.

6 Steps To Sales Success

1 – Be clear in knowing your goal.

2 – Ask for what you want.

3 – Ask again.

4 – Ask a lot of people.
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6 – Don’t take “no” for an answer.

Source: Wendy Weiss, 7/18/12.

Double Your Productivity For Life In Just 48 Hours

It’s not easy to increase your productivity when you are a “one-man army” in your online business. Fortunately, Jason Fladlien wants to share with you a series of productivity hacks that, once you get your hands on, will help you become at least twice as productive.

In fact, Jason proclaims he can get more done in 3 hours than an average marketer can get done in a whole week.

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Have you been struggling trying to land offline clients?

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Developing Your Optimal Selling Strategy

The focus of your optimal selling strategy is mostly based on acquiring new customers for your business.

The first thing you’ll want to focus on, is creating a front-end product that has massive appeal to your ideal customers, is affordable, and will therefore attract a maximum amount of new buyers.

Once your product is developed, there are 5 areas to develop your optimal selling strategy:

1. Media – What is the best advertising method to reach potential customers?

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3. Process – Also known as your sales funnel, think of what steps you want new customers to take.

4. Cost – How much does it take to acquire a new lead? You don’t have to necessarily make a profit from your front-end product. If you have a process in place, you can break even up front, and sell other offers later.

5. Measure & Tweak – Track your results and use the information to improve your campaigns.

Create your positioning statement

If you want to get your message across, it has to be memorable. The purpose of a Positioning Statement is to create a short message that people will remember.

The first sentence tells people what your service is and how they will benefit from it. The second sentence tells how your service is different from that of other firms.

The formula goes like this:

* [Name of firm] is a [category] firm that helps [primary clients] achieve [primary benefits].

* Unlike other [category] firms, [name of firm] specializes in [primary difference].
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Source: PSMJ newsletter

3 ways to increase sales of luxury products

“As a rule, I believe it pays to think of high-end buyers as the same as you and me, except they have lots more money,” says my colleague, Ruth Sheldon, a copywriter specializing in luxury product marketing.

Here are 3 tips from Ruth on how to sell costly goods and services to affluent buyers:

1. They love a deal. Even though they have more resources than most, buyers of luxury products want to think they’re getting a bargain.

Being frugal may be how they got their money in the first place, and wanting to get a deal will always be a part of their emotional make-up. Besides, thinking you’ve scored big-time is part of the game—and everyone wants to feel like a winner.
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3. They want value—and do their homework to make sure they get it. Although luxury car buyers, for example, will spend hundreds of thousands of dollars for a car without flinching, you can be sure they’ll carefully evaluate performance, safety, acceleration speeds, etc. to make sure they’re getting exactly what they want.

So be prepared to give them the facts they want along with a knock-your-socks off emotional appeal. You can call Ruth Sheldon at (212) 873-0496 or e-mail her at shelru@aol.com.

Getting feedback on your sales pitch

After making your sales presentation, pause, and ask the prospect: “How does that sound—good, bad, or terrible?”

If the prospect answers “good”, you can proceed to the next step in the sales cycle. If the prospect answers “bad” or “terrible”, ask her what she doesn’t like. Then address these concerns so you can move the sale forward.
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Be a better networker

1 – As soon as possible after meeting new contacts, jot down notes on the back of their business card. Your notes should include memory joggers (mustache, red hair), reminders of where you met, what you discussed, and things you have in common.

2 – The next day, transfer their details and your notes into your contact management system.

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Source: IABC

New Maverick Startup book by Yanik Silver + Special Bonus for Amazon buyers

It’s been a few years since Yanik Silver released a “real” book but I’m super excited to announce the release of his new “Maverick Startup: 11 X-Factors to Bootstrap from Zero to Six Figures (and Beyond)”!

After the success of his last books, “34 Rules for Maverick Entrepreneurs” and “Moonlighting on the Internet” (which was #3 on Entrepreneur Press’s ALL-TIME business best seller list!), his publisher has been bugging him to do it again.

Fortunately for us, he’s been secretly working behind the scenes on a unique book that dissects what it really takes to go from scratch to 6-figures and beyond.

Forget SEO, PPC, publishing on Kindle or any of those tactics…Yanik wanted to look at the core of what makes one business boom while another flounders.

And after a few years of growing million-dollar businesses over and over, consulting other entrepreneurs and having many hands-on experiences (plus a lot of writing and re-writing), his new book, or rather “roadmap”, is ready for you!

Now, Yanik has built 8 different products and services past the 7-figure sales mark, so he knows first-hand how powerful these X-factors can be when YOU apply them in YOUR own business.

And since his Maverick businesses are all about having a huge ripple effect in the entrepreneurial community, he wanted to launch this book with a BANG.

That’s why he’s trying something new that I wanted to share with you…

Yanik wants to get his book in the hands of as many people as possible and wants to encourage you to buy 3 copies (or more). One for yourself and two to pass along to business friends or entrepreneurial startups as gifts.

That’s why to reward you for getting at least 3 books, he has prepared a FREE bonus: A special recording of a 2+ hour video presentation that he’s *never* publicly released before called, “Total Secrets of Joint Ventures and Outsourcing” (worth a very real $147.00).

Quite frankly, joint ventures and outsourcing are one of the biggest ways he could leverage and run his multi-million dollar business from his house originally with zero employees except his wife, Missy.

What’s more, he brought in a special guest, Chris Zavadowski. He’s been Yanik’s joint venture partner on a few projects so he can give you the ‘other side’. Plus, he’s also become a master at outsourcing in his own right—which is why he spoke at Underground 4 on this topic. This is a serious 2-for-1 bonus ‘ticket’ here, available only through the end of the month (May 31, 2012).

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Closing in 48 hours!

You’ve GOT to see this.

Brendon Burchard is practically giving away $14,792 of training right now as part of the LAST 48-HOURS of registration to his coaching course.

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Brendon’s High Performance Academy Master’s Course and Coaching program is an advanced 5-week training that teaches you how to get heightened and sustained levels of clarity, energy, courage, productivity, and influence in all areas of your life.

If you’ve been struggling in any area of your life lately, the only way through it is to get the best out of yourself and take back command of your life; high performance is the path to doing that.

Brendon’s High Performance programs are usually $1000 by themselves, but he’s JUST announced a HUGE discount and an unbelievable bonus package (for the next 48 hours ONLY):

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Become A Certified Business Coach

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– you have access to a market worth billions of dollars

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How to determine your budget for online advertising

To determine your online advertising budget, your first step is to determine what you can afford to pay for each new name you add to your list.

To determine the value of new names, divide annual online revenues by the number of subscribers. Example: If your 20,000 online subscribers account for $300,000 in annual sales, your subscriber value is $15 per name per year.
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Which products are easiest to sell online?

Which products are easiest to sell online?

According to Internet entrepreneurs Brock Felt and Buck Rizvi, products sold online can be divided into four categories:

1 – Products that alleviate the prospect’s pain.

2 – Products that solve a problem.

3 – Products that give or enable pleasure.

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Of these, #1 and #2 are the easiest to sell, because people feel an urgent need to solve the problem or get rid of the pain.

Pleasure is desirable but its attainment is less urgent, making products in category #3 more difficult to sell.

Products in category #4 are the most difficult to sell because, as health marketers have long known, people will buy cure but not prevention.

Source: ETR Internet Marketing Conference.

5 most lucrative paths to monetizing your knowledge

Did you see Brendon Burchard has passed over 9,500 comments on his Experts Academy series? Incredible. Now he’s doing a complimentary webinar that I think is a “must-attend”.

Brendon is teaching a webinar called the “5 Most Lucrative Paths to Monetizing Your Advice & How-To Content Online”. You’ll learn:

— Which marketing strategies work best online TODAY
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Focus on repeat sales.

Too many marketers focus on the initial sale, when the real profits are often generated by repeat business over the lifetime of the customer, says marketing expert Jay Abraham.

For Icy Hot, a balm, he got $10 million worth of advertising without paying for a single spot. In exchange for running the ads at no cost, the station or publication could keep the $3 customers paid for each jar bought from the ads. One million people tried Icy Hot on that basis.

Approximately one-third of these buyers came back at least 6 times a year at an average order of $10, generating $21 million a year in sales.

Icy Hot became so successful that a major pharmaceutical company bought out its original manufacturer for many millions of dollars.

Source: The Abraham Files

“I have to think it over.”

One of the most dreaded customer objections is “I have to think it over.” Here are some responses that can help get past it:

>> “What exactly do you want to think about?”
>> “Let’s think it over out loud. Sometime two heads are better than one.”
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Source: Selling Power magazine

Are you charging enough for your info-products?

The minimum price for physical information products can be calculated using the “10:1 rule”.

This rule says the price of a physical product sold through direct marketing must be at least 10 times your product cost.

Example: A set of DVDs that costs $8 per copy to make should sell for a minimum of $80.

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Source: Speaker Fulfillment Services, News & Notes, Vol. 15, p. 1.