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The Internet Marketing
Plan: Where's YOURS?
The Internet is just oozing with
offers of hits, traffic, impressions, free money, easy
money, cheap hosting, free email and so on and so forth.
For a person just joining the game, these offers can be very
tempting and why wouldn't they be? After all, they
were designed to be enticing.
One of the biggest reasons I've seen
in my experience for people who don't achieve the results
they want is the lack of a structured plan; a marketing plan
to be exact. Even a poorly done plan will go a long
way to ensure that you don't stray too far to the left or
right and cripple your chances of success in doing so.
Let's take a close look at a very
basic marketing plan I use and how to develop it.
First, determine what your
advertising/marketing budget is. Typically, a company
will commit a percentage of its revenue to
marketing/advertising. How much you invest is entirely
up to you. You might be saying "Yeah, but I just
started my business so I have no revenue yet" When I
started my first business, I used my job as the baseline to
calculate a marketing percentage. I used 7% as my
figure so 7% of each paycheck went to advertising
automatically.
Since I'm not particularly inclined to
use my real income figures as examples, I'll just a nice
round number like: $1400.00/pay period. Now, this
would mean that each paycheck I would put $98.00 into my
business bank account and mark it as "Marketing Fund" in my
records.
Now, after 3 months I now have $588.00
in my marketing fund.
I now have to decide how I would like
to allocate that $588.00 to get the most return on my
investment. This is where a marketing budget comes in
handy. Let's say for a moment that I have done some
research and testing on my own before this point and have
determined that my best sources of marketing consists of
Paid Article Submission Sites, Pay-Per-Click, and Referrals.
So how do I use my $588.00 to its fullest? Here's how
I would proceed.
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I would budget a percentage of the
$588.00 to each area based on how successful I've found them
in my research. Since I found that Referrals work the
best with an almost 100% conversion rate, I decide I'm going
to dedicate 40% ($235.20) of it to attracting more referrals
by offering some kind of gift like a nice gold pen or a free
t-shirt with every referral. Article Submission Sites
come in at 2nd most effective so I decide to give them a
full 25% ($147.00) of the budget. I manage to find 3
sites which in total would cost me about that much to submit
to. Finally, in at 3rd most effective is the
Pay-Per-Click Advertising. To this area I divvy up a
whopping 15% or $88.20 between Yahoo, Google, and MSN Pay
Per Click services and I'm done...or AM I?
40% Referrals, 25% Article Submission,
and 15% Pay Per Click is only 80%. I still have 20% of
my Marketing Budget left over! What am I going to do
with this $117.00? I purposely leave 20% of my
Marketing Budget aside to research other
Marketing/Advertising options. This constant testing
allows me to consistently find newer and more effective ways
to advertise without seriously affecting my company.
If I keep doing this on a regular
basis, I will be building my mailing list slowly over time,
generating sales by targeting the most effective ways I
found to gain access to my target markets and sell to them.
I will have recouped the cost of the Marketing and generated
profit towards the next month's marketing budget, and I will
have found some other Marketing options in the process
without spending too much money.
One of the chief complaints I hear
from people who are starting their business is that they
advertise and advertise but nothing seems to work.
They've tried everything. They bought this thing and
that thing but it never gets them any sales.
Marketing is a science game as much as
it is an art form. Find a good base to start from and
formulate a plan to exploit it to its maximum and you should
see a sizeable return on your investment. Free
advertising is fantastic and works well in a supporting role
for paid advertising but there is no substitute for
targeted, focused, paid advertising.
Michael Dela Cruz,
Adland Digest Editor
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Real Benefits You Can
Taste!
Copyright 2007 by Peter Temple
If you've ever sat at your desk trying to put the finishing
touches on a presentation designed to persuade your client
to buy into the next big project, you've invariably had the
challenge of trying to identify benefits. In fact, if you've
sold anything at all, you know how important benefits are to
realizing the sale. Hand in hand with honing in on the most
compelling benefits is making sure they're not just
features.
Features are nice . . . but benefits sell, right? With any
product or service, pointing out features, in most cases, is
key to differentiating the product. But benefits – now,
those are the things that can really make a difference! But
how do you word them to really have an impact on your client
or customer?
The answer to this perplexing question has become even
clearer to me recently as a result of having to develop an
internet sales pitch for information products. After having
done extensive reading (as a result of lots of sitting and
pondering!), I've discovered the secret to writing much more
persuasive copy. Knowing and understanding this secret will
also have a huge impact in any presentation you undertake!
Let me share what I've learned.
If you're like me, you learned earlier on that features are
what a product has; benefits are what it does. But
sometimes, describing benefits doesn't impact your audience;
doesn't change their minds. Benefits often aren't personal
enough. They're too broad.
And to really sell, your benefits have to be specific. They
have to give your audience a specific gain . . . one they
can personally feel, or imagine. Another way of putting it
is, benefits have to personally, or emotionally affect your
audience.
Let's consider another word: "advantages." I'm going to
suggest to you that what we've traditionally thought of as
"benefits" are often really "advantages." Product features
have certain advantages that they provide. But the benefits
are how those advantages specifically affect your audience.
As an example, let's say I wanted to sell you a "double
chocolate" cake. I might say that it has "double rich,
naturally sweet" icing. That's a feature. The advantage is
that it's not too rich or overly sweet like traditional
chocolate and THAT makes it taste SO much better. Fine. But,
so what? That may or may not get someone interested in
buying and entire cake.
But, if I were to tell you that it will make your toes curl,
or that if you feed it to your girlfriend, she will fall
deeply in love with you for at least an hour . . . now,
those are personal benefits. You get an emotional response
from those benefits. In fact, most true benefits in
presentations should give you an emotional response.
You see, benefits have to affect you personally to have real
impact. If you have a specific gain that provides a positive
emotional response, chances are you'll buy into the idea
more readily than if you were simply given the product's
advantages.
Features . . . advantages . . . benefits.
Another example: wrinkle cream.
Feature: it reduces wrinkles
Advantage: it will make you look younger
Benefits: you'll be more attractive, you'll have guys
falling all over you, nobody will be able to accurately
guess your age.
Now, I know some of you might argue that wrinkle cream is a
pretty emotional product to begin with. And "What does this
sales pitch have to do with my ACME cleaning service?" (for
example). "How do I use this approach when I'm pitching a
service that simply helps keep an office clean?"
Well, if the feature is a lower price, if I told you you'd
save enough money to fund a smaller project you've been
trying to get off the ground for years, or that your boss
would likely give you a raise for being so efficient . . .
those, whether they be true or not, are personal benefits.
You'd probably think pretty positively about giving my
service a try.
However, if my price is higher than the competition (the
quality is much better), I might say "Your office will be SO
clean, that you will NEVER hear a complaint from an
employee. In fact, if you ever do, I'll personally address
that problem the very next day and make sure your staff
member is truly satisfied and is aware of the extra effort
their boss goes to in order to ensure their comfort. We'll
make you look like a star!"
So, next time you're sitting at your desk pondering your
next presentation and how to make that sale, think about
your audience. If you've properly done your homework, you
already know their concerns. The first step then, is to
think about those concerns and how your product will satisfy
them. Once you've done that, it's time to go to the next
critical step – the benefit.
Simply craft your response to the concern so that it targets
personal benefits . . . specific gains they'll realize . . .
gains that will affect them emotionally . . . and you'll be
way further ahead in persuading them to grant you your wish.
And once you've done THAT . . . reward yourself with a slice
of double chocolate cake that is so moist, it will
absolutely melt in your mouth and curl your toes like
they've never been curled before!
Copyright (c) 2007 Peter Temple
About The Author
Peter Temple is a professional speaker, coach, instructional
video designer, producer, director and writer for and
corporate television. He specializes in helping executives
fine-tune their presentation skills and use new technologies
effectively in their talks. You'll find practical tips and
guidelines to more effective presentations through his
online, video-based course.
http://www.presenter-pro.com
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How to offer CDs and DVDs on a Budget
Copyright 2007 by Matt Bacak
Many Internet businesses sell intellectual property. For example, they sell a
book, eBook, audio CD, DVD, or software. Selling intellectual property can be
very lucrative. You can sell intellectual property that is in a digital format
such as an eBook. You can have customers download the eBook directly off of your
website.
Downloading a digital product is easy, but what if you want to send a CD or DVD
to your customer? Many customers still prefer an actual CD or DVD. If you offer
these products then you have to deal with fulfillment of packaging and shipping.
You can work through a fulfillment company, but many fulfillment companies
provide less than desirable services.
So how do you act as your own fulfillment company? Let’s say that you have
digital MP3 audios that you want to put into CD format. You also have an eBook
that you want to print and send as a hard copy book. You also are new to the
Internet business scene and are on a tight budget.
The good news is that you can burn the CD and print the book yourself. Buy a CD
and DVD burner program called “BravoPro”. BravoPro lets you burn CDs and DVDs
quickly and easily. You can burn CDs and DVDs at your home. You can print out
the CD and DVD covers yourself.
Tip: Don’t buy BravoPro off of EBay just to save a few bucks. If you do then you
won’t have access to BravoPro support. So if your program breaks or you have
questions about features than you are left out in the cold.
The next question is how to package the CDs and DVDs. You need a CD jewel case
and/or a DVD case. Did you know that you can actually find DVD cases for free?
Head out to your local Blockbuster. They often throw out DVD cases after a hit
movie goes onto the regular shelves. So go to your local Blockbuster and ask
them when they throw out their DVD cases. They will often be happy to give you
the DVD boxes. Using the free DVD cases will save you loads of money.
Burning your own CDs and DVDs is fun at first, but after awhile you may want to
outsource the job. It’s up to you. Just know that you can provide fulfillment
for these types of products on a budget.
About The Author
Matt Bacak began investing his first earnings at the tender age of 12, a young
businessman in the making. Now, 15 years later, Bacak survived failed
businesses, botched partnerships, heavy credit card debt and bankruptcy - all in
preparation for the accomplishments he has achieved today as a well-established
Internet millionaire and best-selling author.
For more information, visit Bacak's site at http://www.powerfulpromoter.com or
sign up for his Powerful Promoting Tips at http://www.promotingtips.com
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