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How a simple copy test will amplify your Return On Investment

May 26th, 2009 Jacobbear No comments

It doesn’t get any easier than this. If you know you can spend $100 and get $1,000 back, you’ll make that trade with every $100 bill you can lay your hands on.

Welcome to the world of direct marketing. If you have a list of a thousand prospects who are likely to need your service, and you send out a postcard to each one, you’ll know exactly who responded and who didn’t. That’s the kindergarten level.

The split-test is how you ramp up your results. Let’s say you have that same list, and you split it in half. The first 500 get your basic postcard, the next 500 get the same card with a different headline. If one card brings in 12 sales and the other brings in 50, it’s a pretty good guess that the headline that brought in 50 sales is better for selling to that group.

Now here’s where you add the habanera to your chili. Put your winning headline on all your postcards the next time around, and this time split-test some other aspect of the card–the offer you make, the color, the photo, and so on.

After you’ve done these split tests a few times, 2 things should be happening:

1. You’re making more profit on every marketing campaign, so you have more money to invest in the next one.
2. You’re getting a detailed picture of what works with your prospects, and the results of every marketing campaign become more predictable.

When you’ve reached this stage, it’s like you know how to exchange $100 bills for $1,000 bills. You can know, with reasonable certainty, that if you spend x dollars on a marketing campaign, you’ll get y dollars in sales.

Once you’ve done this, you can risk bigger bucks on more expensive media that will reach higher audiences. Instead of trading you $100 bill for $1,000, you can swap out the $1,000 bills and make millions.

Some of the most successful marketers are doing just that. In fact, Response Magazine did a story a while back on how some big-name advertisers usually run radio spots before they spring for a TV ad.

The basic tip: Use cheap media to test your content. Use your proven highest-selling content for the expensive ads.

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Bored Words: 10 boring marketing tactics

April 1st, 2009 Jacobbear No comments

Ho hum. Welcome to Bored Words, where a dull, baldheaded man lectures you on how to run your business–into the ground.

It’s April 1st, the day that some fool realized that your prospects don’t get enough sleep. So I’m going to give you ten proven tactics guaranteed to induce a comatose state as soon as you try to sell anything. Yawn…

Remember to blink every now and then as you read this. Try not to let your eyes glaze over.

How to virtually ensure mediocre profits and results every time

1. Look at what the majority of people are doing in your industry, and try to copy them as closely as possible. Strive to be just like everybody else.

2. Issue a press release announcing your website’s “new look.” Upload it to PRweb.com and check back every 2 hours to see if any major media companies have picked it up.

3. Avoid doing anything that might build a relationship with existing clients.

4. Ensure that passive verbs are used as frequently as can be done throughout your copy. See to it that clichés are sought after and maximized in their use. These state-of-the-art fossils should be implemented in all your web copy and literature as if they’re going out of style. They provide a full-service text solution for all your marketing needs. Use big, dense paragraphs that are filled with long, wandering sentences heavily encumbered with multiple dependent clauses and prepositional phrases in every line.

5. Offer a “Free Consultation” to anyone with enough spare time to spend 90 minutes at your office or the nearest Starbucks.

6. Demand an up-front investment of precious time (not money, which can be recovered) before you offer or divulge anything of value to a qualified prospect.

7. Cold-call large companies and give your best sales pitch to the gatekeeper, or leave a message that’s all about you in the general voicemail box. Don’t waste time on silly things like researching the company to find out about their true needs.

8. Send a postcard to everyone in the Yellow Pages without providing an offer, a Unique Selling Proposition, or any reason for them to contact you.

Don’t worry about targeting a demographic that might be more inclined to do business with you. If you even bother to follow up, wait at least 6 months for them to completely forget you.

9. Send the same generic email to every address you can get your hands on, with or without permission. Use the copy from your postcard in #8, above. Don’t spend too much time worrying about the subject line. And stay away from scammers who tell you to segment your list or track and measure your results.

10. Ignore the advice of cult figures like Claude Hopkins, David Ogilvy, John Caples, Dan Kennedy, Jay Abraham, Ali Brown, Robert Collier, Seth Godin, Chris Marlow, John Forde, Clayton Makepeace, Napoleon Hill, Bob Bly, and Michael Masterson. They’re just a bunch of rich people.

Okay, okay, put out your torches and set the pitchfork down. It’s a joke! April Fools!

Or maybe not.

You see, I’ve been a fool. In fact, I’ve been guilty of almost all the counterproductive actions and attitudes listed above.

But worse than that, I’ve seen a lot of these foolish marketing mistakes become the norm in many industries. (It puts the whole recession thing in perspective, doesn’t it?) Maybe even you have committed some of these doozies.

Before you go on with the follies of the day, think seriously abut what you’re doing (or more importantly, what you’re not doing) to promote yourself.

Study some of the “rich people” I mentioned above. It’s no accident that all of them are (or were) rich.

All right, end of the sermon. I hope you got something useful out of this, at least a good laugh, and maybe an uncomfortable moment that will prove profitable later on.

Now go on out there and play a trick on someone.

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This overlooked copywriting tip will save you from disaster

March 12th, 2009 Jacobbear No comments

I was putting the finishing touches on a sales letter, and almost didn’t use my  “secret ingredient.” But I’m glad I did. Let me share it with you. Read more…

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3 kinds of businesses that will succeed in 2009

January 3rd, 2009 Jacobbear No comments
By the time you read this, I’ll be camping in the desert. A few months ago I would have thought of this as a terrible strategic mistake, but I learned something so shockingly useful, it’s almost impossible to worry about anything.

I had an aggressive New Year’s marketing plan all set to go, as soon as I finished up the work for my clients. It turns out a lot of them needed me for their own New Year’s plans, and they wanted to get the tax write-offs for 2008.

So I’ve been chained to the computer these last 2 weeks. I even worked a few hours on the 25th and most of the day on the 31st.

Then I caught the flu, (even now I’m coughing and sneezing as I write this) and it slowed me down a little. On the first day of 2009, I was in front of the computer bright and early with a mug of green tea, eager to keep all my promises and get to work on my own marketing campaign.

On Friday my printer broke down. Funny noises and protruding metal parts. I wish I’d filmed it for YouTube. I finished all the work my clients needed, but still no marketing, a dead printer, and I had promised myself and Johana that we’d get out of LA on Saturday.

Maybe I’m being irresponsible, but I’m not worried. I’ve got more campaigns planned out for Valentines, Saint Patrick’s, and a lot of other holidays that will keep me going all year. Not to mention I’m still harvesting the fruits of my Halloween and Thanksgiving campaigns.

That in itself should give you two useful lessons: First, continuous marketing will bring you continuous clients. Second, connect your marketing to whatever is already on your prospect’s mind.

Holidays give you an easy way to do that. News and current events work, too (and right now the economy and the new president offer you–ironically–two gold mines).

In fact, one of my New Year’s resolutions is to always start writing copy from the thoughts and feelings that are already in the target’s head.

But here I’ve ranted for ten paragraphs, and I haven’t even gotten to my main point. I still have a fever and my brain cells are overheated, but anyway…

I can relax and enjoy a few days of camping because I’ve figured out the three kinds of people who are going to rule 2009, and how I’ll be like them. If you can embody the traits of all three of these heroes, get ready for a prosperous year!

But I’m not going to delve into it here, because another resolution was to devote more energy to friends, relationships, and travel. I still need to pack so Johanna and I can meet up with some old friends in Joshua tree, so I’ll leave you with a special link:

http://www.jacobbear.com/3heroes.html

Here you can learn all about the 3 heroes of 2009. Chances are you’re one of them, or maybe even all three.

Well, that’s it. I’ll be gone until January 8th, so if you want to shoot me an email about anything it’ll be a few days before I can get back to you.

Take care, and get off to a great start. You’re a hero.

Jacob

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I said I wouldn’t do this, but…

December 8th, 2008 Jacobbear No comments

I’ve been sick the last few days, and it could have been worse but Johana nursed me back to health with love and attention and her grandmother’s soup recipe.

I told myself I would only publish hard, practical marketing advice, and stay away from the kind of stuff you saw in “The Secret.” You’ve probably heard all you want to about gratitude, especially this time of year.

But here it is. Expressing gratitude, or even just feeling it, has a hard practical value. Maybe it will also magnetize the universe and attract all the good things you want. I don’t know. But here’s something practical you’ll certainly gain by just taking the time to feel grateful.

Your mood and your confidence will soar. Think about all you’ve got, all you’ve done, and especially all that’s been done for you and you know you can’t fail.

This confidence is critical when you’re selling anything. Gratitude makes you more approachable, attractive, and sincere when you meet a potential client. You’ll naturally be coming from a place of helping your client make a purchase decision, rather than trying to push a sale through.

I could go on about this, but let me leave you with a practical tip. Take a few minutes every day to just think aobut what you’re grateful for. It will start to change the way you think and feel about your life. And ultimately this will enhance your marketing and selling power.

I’m grateful that you read this.

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Do this now to prepare for 2009

November 20th, 2008 Jacobbear No comments

If you’re in southern California, and the fires have affected your home, you’re in my prayers. If anyone wants to help the relief efforts, click here.

Many people are seeing the end of 2008 with a heavy heart.  But it’s time to think about next year. January is always a time of optimism and renewal. People let go of their worries and troubles, and get excited about how they’ll do better.

Gym memberships go up, and new years resolutions can be a goldmine for hypnotherapists, yoga instructors, and personal trainers.

Likewise, businesses have a fresh ledger for a new tax year. The departments of larger companies are looking at how to spend the new budget.

The easiest time to sell
No matter who you are or what business you’re in, January can be a bonanza. January is the month that people buy the fulfillment of plans, dreams, and hope. If you’re like most business owners, you’ll send out Holiday Greeting cards in December, and maybe do some advertising in January.

This year I want you to do something different.

Strike the iron while it’s glowing red hot. No matter what the economic reality they face, most of your prospects will be ready to let go of the pain of 2008 and start over with a clean slate.

They’ll at least do this psychologically, even if they realistically can’t escape from the damage of the 4th quarter. They’re looking for new opportunity in January. You need to be there for them, as frequently, vocally, boldly, shamelessly, even recklessly as possible.

Don’t offer a discount. Offer something creative and inspiring. Whatever your product or service, what you’re really selling in January is hope and optimism and the giddy thrill of radical improvement. Reflect this in your marketing at the beginning of the year.

Start planning and thinking about it now.

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What do you mean I throw like a girl?

August 19th, 2008 Jacobbear No comments

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When I was a kid I couldn’t throw. Even though I was taller and faster than most of the kids my age, I turned into Droopy when you put a ball in my hands.

My friends said I threw like a girl. This confused me because my sister was an outstanding athlete who could whip my butt in any kind of competition.

Then about 15 years later, my buddy Chris and I were throwing rocks at a rusted old truck in the middle of a field in North Dakota. He pointed out that I was holding my elbow a few inches too low.

I moved it up, and right away the next rock felt more natural in my hand than all the thousands of clumbsy baseballs I had tried to lob across the wet grassy fields of my childhood. My arm felt like it was doing what it was meant to do all along.

That rock went sailing fast and far, and it hit the truck with a loud, satisfying “clunk.” Ever since, I’ve been able to nail anything I aim for. That minor adjustment erased 20 years of awkwardness and humiliation.

If Chris had been a personal trainer I would have paid him a fortune for that 30-second throwing lesson. Wouldn’t it be worth it?

The story of the plumber with the hammer

This is just a real-life variation on the story of the plumber who charges you $150 to pound one of your pipes with a hammer–five dollars for the pounding, and $145 for knowing where to pound.

Ultimately, he fixes your sink, and that’s what you’re paying for.

When you really get this, you’ll experience a big shift in the way you think about your knowledge and skills, and the way you bill your clients. They’re not paying you for the number of hours you put in, or how hard you work–they’re paying for the outcome.

You’re an expert. Someone out there might need to have their elbow moved up or their database reindexed. But they don’t know this.

They know they have a problem or a wish. They’re paying you for the outcome. As long as your marketing focuses on the outcome, you’ll sell more and earn more and you can even charge more.

We could get a little silly here and start making up formulas like “Outcome = Income” but we won’t.

In some aspect of their personal, professional, or financial life, your client “throws like a girl,” or the equivalent of that. Your job is to fix it, improve their swing, adjust their posture, raise their FICO score, or whatever.

As long as you deliver, especially if you go beyond what they’re expecting, you’ve earned your keep. But don’t sell your time, your work, or your product.

Sell the outcome.
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To get ahead in business, you have to stand out from the competition. You have to do something different. You have to be bold.

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Price Flexibility–Why there’s never any whining over expensive wine!

April 30th, 2008 Jacobbear No comments

(Click Here to subscribe to the Bold Words newsletter, and you’ll get tips and content you won’t find posted on this blog.)

The funny thing about wine is that it makes everybody think they need to act sophisticated.

You’re supposed to detect hints of chocolate and bleu cheese with a leathery finish, whatever that means. If you say it tastes like exquisitely fermented grapes, you run the risk of being called a peasant.

The Stanford Graduate School of Business did a study that measured the brain activity of subjects as they sipped two samples of wine.

Both samples came from the same bottle, but the subjects were told that one sample came from a $45 bottle while the other one cost only five bucks.

You would expect most of the experimental subjects to say they preferred the more expensive wine sample.

And that is what happened, with a weird twist.

You see, the MRI machine revealed increased activity in the prefrontal cortex as subjects drank the wine they thought was more expensive.

This might be a placebo effect, but the result is the same. When you merely think something is more expensive or valuable, it actually causes your brain to experience more pleasure.

You can tap into this phenomenon in your marketing.

Will All Your Clients Pay More?

You’re probably expecting me to tell you to raise your prices. And you might be wondering whether your clients will go along with that, expecially these days when everybody’s supposed to be running out of money.

Luckily there’s an easier way.

Just offer a “deluxe” version of what you already do. Add some extras, maybe even mark up a complimentary service, and you may be surprised at the number of takers who line up to buy it.

If you’re really ambitious, add a continuity program to the mix. (I’ll tell you how in a future newsletter.)

The Stanford Study suggests that some of the additional satisfaction your clients will feel actually comes from the hefty price tag you’re going to put on these extras. So mark up your services. You deserve it.

You’ve probably heard more than you want to about the devastating plight of retailers. Yet the luxury brands like Louis Vuitton and Burberry are on a winning streak.

How would you like to be the Christian Dior of your industry? Find a way to charge more, at least some of the time. Go a few extra miles, send your premium clients a bottle of wine every now and then, and brand yourself as the luxury option.

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To get ahead in business, you have to stand out from the competition. You have to do something different. You have to be bold.

Click Here to subscribe to the Bold Words newsletter, and you’ll get tips and content you won’t find posted on this blog.

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Marketing with the luck of the Irish

March 13th, 2008 Jacobbear 3 comments

Click Here to subscribe to the Bold Words newsletter, and you’ll get tips and content you won’t find posted on this blog.

There are probably a lot of reasons a 4-leaf clover stands for good luck. First, they’re rare (I’ve only found 3 of them in my lifetime).

Second, they attract 25% more energy from the sun than a 3-leaf clover can.

Add another leaf to your clover!

Most of your competitors’ businesses are 3-leaf clovers. Read more…

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Copywriter in Love

February 20th, 2008 Jacobbear No comments

There really is a marketing lesson to this. Bear with me.

For the last year and a half I’ve been dating a beautiful young librarian.

Before I arrived on the scene, a lot of book-toting Romeos tried to ask her out, but most of them just talked to her once, asked for her phone number, and gave up.

They never learned that repetition works for both love and money. Most business people do their selling and marketing the same Read more…

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