The
Profit Systems Report
Internet Profit Systems
Making
"Rock Star" Internet Profits
In This
Issue:
*
Start An Internet Business? - Are You Crazy??
*
How To Make Money Online Like A Rock Star
* The Secret: How I Made "5 Figures A Month" While
Most Web Designers starved
* Boot-Strapping Your Business Starting With Nothing
Hello
Friends;
This
is a very special newsletter issue, because I'm going to focusing
on the crucial step to success that most people ignore - THE
FIRST ONE. Here's why:
1)
Sometimes "regular folks" may not feel inspired by
the claims of "super achievers" because they don't
think it could ever happen for them. (wrong!)
2)
When you're just starting off in a business without much success,
all this talk of "million dollar deals" can be overwhelming.
You may be thinking, "Great, but all I want starting out
is a few hundred extra dollars a week to supplement my income
- where does that leave me??"
3)
Everyone talks about establishing credibility - using testimonials
- proving that your product/service is reliable, in demand,
well received, etc... But if you're just getting started with
a brand new product, it becomes the old "chicken and the
egg" dilemma: It's hard to sell a new product or service
without testimonials and proven results, but you can't get that
kind of feedback without selling some!
Well,
guess what - Not so long ago, I was in that exact situation...
I started my own "web design" business, with no contacts,
no leads, and no experience. (Does this sound familiar?)
I'm
going to tell you exactly how I went from not being able to
convince someone to pay me $100 to build them a website, to
charging up to $4,000 or more apiece, and actually having to
TURN DOWN business.
First,
let's look at the realities that we are facing here with "internet
commerce"...
IMAGINE
IF A FRIEND CALLED YOU UP AND SAID:
Friend:
"Hey, I've got this great idea for a new business and I
want you to be partners with me!"
You:
"Give me some details."
Friend:
"Check this out... it's in a market where the vast majority
of people fail, and there are untold thousands of other products
that will be in direct competition with ours. Our competition
will always be able to know exactly what we do at all times
and copy us at will. They'll be able to undercut our price,
and there's nothing we can do about it."
You:
"Geez, any more good news?"
Friend:
"Well, there are virtually no barriers to entry, and people
from practically every country in the world can compete with
us on an even level, even if the currency exchange makes it
worthwhile for them to sell their products and services for
a fraction of what we'll be charging."
You:
"I think I've heard enough, I'm not going to..."
Friend:
"Hold on, it gets better! Not only will we be competing
with some of the brightest entrepreneurial minds on the planet
for every dollar we try to earn, but there are huge corporations
with enormous funding who will do their best to pick us bone-dry.
They'll be running television ads for their products, while
we won't hardly be able to afford to advertise at all!
You:
"If you think I'm going to waste time and money on this
ridiculous plan of yours, you've got another thing coming! I'd
never..."
Friend:
"Wait, wait, you didn't let me finish! This is an INTERNET
BUSINESS I'm talking about, we're going to put up a WEBSITE!"
You:
"Oh, why didn't you say so before?? Sounds great !!!!!"
<smile>
When
you look at it in those terms, it doesn't sound like too much
fun, does it? But listen: It can be done, and if you keep your
eye on the ball and follow the proper course of action, NONE
OF THE ABOVE MATTERS. Here's why...
How To Make Money Online Like
A Rock Star
Let
me back up a step:
I'm
a musician by trade. I invested the bulk of my '20s in working
at getting a record deal with my band in Los Angeles, California.
(Even then I was studying direct mail on the side, developing
info products, testing ads, etc., to earn extra money.)
The
same hypothetical "conversation with a friend" from
above can be applied to wanting to become successful as a musician
as well, because the same principles and economics apply. (The
odds are against you, lots of competition, corporations would
prefer to develop talent from the "inside", etc.)
Let
me ask you something: Do you think that music companies WANT
to have to give record deals to unpredictable, idiosyncratic
rock bands that they don't have much control over?
No
Way!
The
music industry would like NOTHING BETTER than to be able to
develop all their own talent in-house, and develop their own
"corporate acts" that they can control. They only
have one problem... THEY CAN'T DO IT!
- Because what consumers want is "flashes of genius",
individuality, something different, something "cool".
-And the music industry is notoriously BAD at predicting new
music trends. To find new talent, they MUST DEPEND on individual
bands, singers, and songwriters.
Guess
What - Marketing On The Internet Is Exactly The Same!
If
corporations were good at innovation, start-up entrepreneurs
online wouldn't stand a chance. However, most "big business"
on the internet doesn't know what they're doing, they're not
even profitable! Can you imagine a typical dot-com corporation
trying to sell a "How to make money on the internet"
book?
What
would the chapters look like?
*
How to spend $1,500,000 on a Superbowl ad to increase "brand
awareness". * How to lose money on every product you sell.
* How to burn through your start-up capital by buying unnecessary
luxuries. * How to pay $80,000 for a website that could have
been built for $5,000
...You
get the point. So if blowing tons of cash won't guarantee a
web site's profitability, and having a board of directors won't
help, and spending $80,000 on a website won't help, what will
help??!!
ANSWER:
Developing a niche product, and having the mind of an entrepreneur,
not a corporation.
Through
my business dealings with Internet clients and friends running
online businesses, I can tell you for a fact that there really
are a lot of seemingly "regular" people earning a
very successful living on the 'net.
-That
doesn't mean it's a piece of cake. -That doesn't mean you can't
fail. But it DOES mean that you PERSONALLY have an edge over
those corporations blowing money right and left on worthless
television ads and ineffective banner ads. - Just like a future
"rock star", you've got the power to have those flashes
of inspiration, you can come up with unique angles and approaches
to make your product/service appealing... and that "big
business" would never think of!
Starting
With Nothing To Build Your Business
So
there I was starting out, a competent web designer with a background
in direct mail and copywriting, not even able to get people
to pay me $100 to build a website in the beginning.
I
could have given up. I could have just said, "The market's
saturated, it wasn't my fault." But that's a cop-out. So,
what would you do? Here's what I did:
I
worked on web sites for free!
-Or
I told potential clients that it was free unless the work I
did increased their sales, in which case they could pay me an
optional $100 (or whatever).
Does
that sound stupid? Crazy? Well, I want you to know I didn't
just work on ANY web site... I did everything for a reason.
My requirements "checklist" to do this were:
1)
Their existing website was obviously flawed, and I had ideas
on how to easily fix it 2) The product looked good, but there
were obvious problems with the sales letter. (I.E., no headline,
bad guarantee, lacking basic sales letter techniques, etc.)
3) There was substantial traffic to the site. 4) They already
had hits-to-sales ratios determined, so it was simple to judge
whether sales went up after I worked on it 5) They agreed to
give me a testimonial if their sales increased after I worked
on it.
When
a website matched the above criteria (which was often), it was
a "no-brainer". In fact, I don't think I EVER didn't
get a testimonial! At that point, getting a testimonial about
the increase in profits I created for them was worth more than
charging them a few bucks anyway, AND I was automatically getting
more experience as I went.
The
Bad New: It was a lot of "work" - but I enjoyed it!
(I only did a few "free" websites, but the testimonials
I got from them were INSTRUMENTAL in building my success. Without
them, the later "good paying" jobs would probably
never have come.)
The
Good News: Before I knew it, I had some VERY IMPRESSIVE testimonials
from these "freebies" stating actual dollar amounts
and % increase in sales directly attributable to me. -If you
know anything about stereotypical "web designers",
most don't have testimonials about how much money their clients
earned because of them, because they're not copywriters and
wouldn't know how to do it!
Then
a funny thing happened:
With
my new string of testimonials, it seemed like people couldn't
wait to give me their money! I'd built up my credibility so
much that I was getting email from potential clients saying
they'd shopped around and I was the ONLY PERSON they wanted
to have work on their website.
Once
you've got people saying that, what you charge really isn't
an issue, because you're MAKING them money.
HOW DOES THIS APPLY TO YOU?
If
you don't have any testimonials for your product and aren't
really selling much yet, give it away in exchange for a potential
testimonial! Give it away and ask for payment only if they're
happy with it after they try it out.
Lessons I've Learned
I've
learned a LOT working on the Internet over the past years. And
one of the most important things is this: JUST DO IT. I'm a
bit of a perfectionist, and if it was up to me I'd "tinker"
endlessly with things trying to get everything just right, even
things that don't really matter much.
Well,
I was "cured" of that. Here's how:
While
I was still in the process of building my first e-commerce subscription
site (there were still bad links, unfinished sections, etc),
we started taking membership signups! To be honest, I was a
little panic-stricken. (smile)
Here
was the reasoning:
I
could spend weeks fine-tuning and troubleshooting everything
by yourself, or we could start letting people in and get some
instant feedback."
So,
calling them "beta testers", we started signing people
up, but with this no-risk twist: We took their credit card information
up- front, but promised not to charge their credit card for
a full 3 days. That's right, if at ANY time within 72 hours
they changed their mind for any reason, we simply wouldn't charge
them.
The
result? The website got done MUCH faster than it would have
because it "forced the issue", I got some very useful
feedback from our beta testers who let me know what links weren't
working, and we were in business! (If you're curious: If you're
worried people might "rip you off" if you let them
have your product before they pay you, out of all the beta testers
we signed up, only one or two cancelled instead of having their
credit card charged, even though they could have easily.)
===============+====
The $100,000 Letter Book
============+=======
Even
after reading this newsletter, you may still feel "in the
dark" about how to approach potential customers, clients,
or partners about building YOUR business. Well, I've got good
news! I've actually gone back into my "email archives"
and put the actual contact letters that are responsible for
generating well over $100,000 in business for me, and put them
together into a complete resource book.
That's
right, the actual letters and correspondence I've had with potential
clients and customers that created the interest to get them
to pay me.
It
includes:
*
"Cold Calls" -Completely unsolicited letters I've
sent out to potential clients that has resulted in many tens
of thousands of dollars in business.
*
Complete Web Site Reviews - Learn how I establish trust and
"prove my worth" by critiquing potential clients'
sites in such a way that they're almost compelled to hire me.
*
Follow-up emails - Continued correspondence to "seal the
deal"
*
My complete lead-generating strategy - Why I had to actually
start turning down business while other web designers couldn't
get work
If
you're a web designer and want more business or want to be able
to charge more, this book of letters should put you on your
way. It's the culmination of years of perfecting my sales process.
If you're looking to market a product, these letters will STILL
be of enormous benefit.
NO
MATTER WHAT BUSINESS YOU'RE IN, knowing how to approach people
to make contacts and establish alliances will make or break
your business.
Click
Here To Get The $100,000 Book Now
To
your success, Tim Gross - President, Internet Profit Systems
P.S.
- I strongly urge you to check out the above link - This could
be the "key to the puzzle" you've been missing.