Charlie Cook's MArketing for Success Insider's Club

Archive for September, 2008

Where’s Your Small Business Bailout!?

By Charlie Cook   |   September 30, 2008

Every time I hear about the bailout I can’t help but wondering, “Where’s my $700 billion dollar bailout? Hey, I’d even be happy with just a couple billion.”

Unless you work for one of the Wall Street firms or banks that created this crisis, you know that you’ll never see a dime of the proposed bailout. And in fact you and your children and their grandchildren will be paying for it.

What can you do to bailout your business in these tough times?

I’ve owned boats all my life, small motorboats and sailboats, and periodically passing rain storms fill the bottom of the boat with water. This makes the boat sit low in the water and go slow. The obvious solution is to bail the boat!

Let me ask you one question?

Who do you think ends up bailing my boats?

I do. Over the years, I’ve been responsible for bailing my boats. If I didn’t they’d sink.

While Wall Street may be looking for and getting a bailout, the only one who is going to bailout your small business is you. But I bet you knew that already.

If you want to bailout your business, and put in on the track to success, the simple answer is find out what works. Find out the fastest way to attract clients, keep them coming back and maximize your profits.

Interested? Get started >>

When you do, you’ll discover yourself making more than ever and laughing at the failures of Wall Street all the way to the bank.

- Charlie
Small Business Marketing That’s Proven and Practical

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Which Pricing Strategy Maximizes Profits?

By Charlie Cook   |   September 23, 2008

Are your prices so high that they scare away customers and  reduce your sales?
- or -
Are your prices so low that they’re killing your profits?

You know the problem all too well. The less you charge for a product or service the easier it is to sell. More sales are a good thing — but every time you reduce your prices you shrink your profit margin.

I bet you’ve heard the line, “If you sell for less, you’ll make more by selling higher quantities.” And that’s true– if you’re Walmart and sell massive quantities. For we small to mid-sized businesses with limited ability to cut our overhead, it just means lower profits.

What’s the alternative to reducing your prices?
Find the answer here >>

You could focus your marketing on moving your high-priced and high-profit items. But here’s the rub. It’s harder to get people to buy expensive products and services, so you sell fewer of them.

If low prices kill your profits and high prices reduce your sales, where’s the sweet spot?

What’s the product and pricing strategy that works to maximize your profits? Get the details here >>

The successful strategy is simple but powerfully effective. Don’t think about pricing each product or service individually, but think of you product or service offerings as a team.

Every professional team has its high priced players. They’re the superstars who make the touchdowns, make the goals or pitch the no-hitters. They’re the ones that attract fans and bring in the profits. But put them on the field or court by themselves and they’d lose in a New York minute.

Every superstar needs a supporting team. He or she needs a teammate to feed him the ball so he can sink the shot, a receiver to catch his winning pass, or someone to pass the soccer ball to her at the critical moment so she can kick it in and score.

Ready to discover how to eliminate objections to price and make more? Find out here >>

To maximize your profits and win with your business, your products and pricing need to work as a team too.

How can you win with your business?

Get Your Primary Objective Right
Let’s get it straight. The objective for most small to mid-sized business owners is not to maximize sales of the low-profit items. The goal is to maximize sales of those products and services that make you the biggest profits. How do you do this?

First, prove to your clients that your products and services have high value. Lead with a free offer or a low-priced product to get more new clients in the door and then up-sell them on the higher priced products and services.

The corner gas station in our one stoplight town understands this. People pull in to buy gas (which used to be a low-priced item) and then when they need a new muffler, tires or tune-up they already know and trust the station and are willing to pay hundreds or thousands of dollars for the expensive repair.

Pick The Players (Products and Prices)

Every business needs low-priced items to get new clients in the door. Depending which business you’re in, you can provide the ultimate low-priced item, something for free, to get people to contact you.

Obviously giveaways, or low-priced items won’t make you the money you want to send your kids to college or buy your retirement home, but they will grow your list of qualified buyers. The more qualified buyers who know and trust you, the easier it is to sell your high-end products and services.

The key in selecting your products and determining pricing is to offer a range from low to high so that you can appeal to a wider range of buyers and lead customers into the sales process. The range of prices and choices satisfies the need many customers have to trust you before they purchase at your higher end.

Want to appeal to more buyers and make more money? Use this strategy >>

Have a Game Plan

I have one client whose lowest priced service is $8,500. And that’s a killer for many potential clients. It’s just too much to charge before you’ve built a good relationship.

Provide a Range of Options

One of the things that’s 100% clear about a new client or customer is that their buying behavior is unpredictable. You don’t know whether a buyer is likely to only want your lowest priced item or your highest priced one. That’s why you offer options. Most will start out at the bottom but others will buy at the top. Give them a range of options and choices to help them get to know you and trust you.

Don’t let your product lineup and your prices kill your profits or your sales. Get in the game by focusing on the right objectives, picking the right players and using a game plan to maximize your income.

To your success,

Charlie

P.S. Get your products and pricing working together as a team, from your supporting products to your superstar profit generating ones. They won’t do it by themselves, so you’ll need to know how. Here’s how >>

P.P.S. One of the first things I do with my mentoring clients is to review the range of products and services they provide and their pricing. Typically, with a few simple changes, this is where they can pick up an additional $10,000 or more in revenue in the first month. Do you want to add that kind of revenue this month? Start here >>

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5 Easy Ways To Flood Your Site With Targeted Traffic

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What Makes An Effective Ad

By Charlie Cook   |   September 18, 2008

What makes an ad get your attention and then keep you interested and help generate more sales? It’s when it clearly identifies a common problem and then shows you an obvious solution that you can’t live without.

Here’s an example that does exactly this >>

Just use the above link and click on play to see what I’m talking about.

- Charlie
MarketingForSuccess
Small Business Marketing Ideas That Attract Clients and Increase Your Profits

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Which Words Will Make You Rich?

Discover how to quickly and easily multiply the selling power of every promotion you create to increase your income by hundreds of thousands, if not, millions of dollars a year. Click here »

The #1 Web Marketing Mistake to Avoid

By Charlie Cook   |   September 18, 2008

“First let’s get traffic to the site to get sales going and then we can worry about our image.”

Is this approach successful? Should you try to ramp up traffic to your web site first, and then worry about the image your copy and design project to prospects?

That’s what the business partner of a friend of mine thought. Rather than designing the site and writing copy to give it a unique identity, keep visitors’ interest and convert them to buyers, she
was solely focused on improving the search engine ranking of the site to get more traffic.

Her logic was that the higher their site ranked on the results page of search engines like Google, the more traffic they’d get and the more money they’d make. This is logically correct, but almost
always wrong.

A top ten ranking in Google can bring more visitors to your site, but in most cases, that doesn’t mean more sales or a dramatic increase in sales. Why not?

Most web sites are like out-of-tune car engines with clogged fuel pumps and dirty spark plugs. They’re barely turning over. With an engine like that, no matter how much gas you pour into the tank, you won’t get far.

Ready to tune up your site so it brings in massive profits? Start here >>

A top search engine ranking and more traffic won’t help you make more money if your site isn’t a lead-generating, selling machine. I regularly hear from people who’ve spent tens of thousands of
dollars on pay-per-click advertising and SEO whose sites still aren’t even breaking even, much less increasing profits.

Don’t waste your time and money driving traffic to a site that doesn’t sell. If you do, I can guarantee you’ll still be struggling 12 months from now.

How do you make your site sell?

Stand Out to Your Target Market!

Discover the fastest way to ramp up your online sales and profits >>

How many sites have you seen that look like cookie cutter versions of other sites? Can you even tell what the company does, or which services they provide? Is it immediately clear what makes them better than the competition or what’s in it for you and why you should bother sticking around?

If your web site looks like everyone else’s, makes the same promises, or is vague or unclear about the benefits you offer your prospects, you’ll lose them in a nano second.

A first-time visitor to your site scans the page they land on and makes a snap judgment about your company. They scan the copy and photos and decide in a matter of seconds whether you are likely to have what they are looking for and whether to leave or stay (at least for a couple of minutes). And obviously they’ve got to stay for you to make a sale or convince them to give you their email so you can market to them.

Discover the fastest way to ramp up your online sales and profits >>

How do you build a site that encourages prospects to stay? You’ve got just four tools to use to make your site jump out and grab your prospects’ attention. Use them or lose them.

1. Your Headlines
The first words that your prospects see when they hit your site, keep them reading or send them away. Make them about your prospects, what they want, not about you. And offer them something
for free that generates a lead.

Recently I added 4 words of text to the homepage of MarketingForSuccess that increased my opt-in rate by 32%. Take a look and see if you know which words made the difference.

2. Your Images
The pictures, or better yet, videos, you use should either directly support your headline or create the image that you think will attract your target market. For most sites, fewer images are
better, they just distract from the words.

One exception to this is sites that sell anything related to lifestyle, whether it’s clothing, jewelry or outdoors gear. For these sites it’s all about image, and that’s what attracts your prospects. Take a look at the sites of Patagonia, Horny Toad or the Sundance Catalogue.

Ready to discover how to use your site to both attract traffic and convert it into profits? Use this proven system >>

3. Use Audio
You can use audio testimonials to build credibility, audio clips to entertain to educate and to tell visitors what you want them to do. And these can increase your conversion rates of visitors to leads and sales by 10-20%.

4. Your Page Design
Your web site houses your online business. When you design it, find the most talented web designer you can. Find someone who knows how to do more than make your site look pretty. Find someone who can create a unique site for you that sells!

The look and feel of your site is all your prospects have to evaluate whether they should do business with you. The design of your site is what brings together your words and images and creates the impression prospects have when they visit it. Make it the right one!

Ready to make your site come to life and start selling? >>

Put these 4 elements together to create a site that makes a strong positive impression, generates leads and sales. Then once your site converts visitors into buyers, it’s time to ramp up traffic with
SEO and pay-per-click advertising.

To your success,
Charlie

P.S. Most websites don’t convert enough leads or make enough sales… and most websites could be making a lot more money.

What’s the secret to making massive online profits with your website?

It’s simply a matter of putting the horse in front of the cart to get your web site working so you can maximize your online profits. Discover how >>

Click here to listen to a podcast of this article online >>

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For Copywriters Only

By Charlie Cook   |   September 18, 2008

MarketingForSuccess is growing fast. We never got the message that the recession was supposed to hurt our sales, so we’ve been busy growing instead.

Our sales are up a lot and I’m looking for one or two copywriters to handle the increased workload.

Are you a freelance copywriter?
Are you a student of marketing?
Do you love reading about and discovering new marketing ideas?

If you yes to all three, please keep reading.

I’m looking for a couple of copywriters. Use this link to apply >>

Thanks for your interest,

Charlie
MarketingForSuccess

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Have You Ever Put Lipstick on a Pig?

By Charlie Cook   |   September 10, 2008

What is it with putting lipstick on a pig?

Obama and McCain both seem to love this phrase. According to Meghan McCain her Dad uses it frequently and at last count McCain used it plenty publicly referring to Hilary’s health care plan and to Mitt Romney.

What’s it mean?

It refers to dressing something up and trying to sell it as something it isn’t.

Obviously you can take this idea too far and the first thing I’d recommend is that to anyone who uses this phrase drop but don’t dump the concept.

What am I saying? Should you put lipstick on a pig?

No! But regularly businesses rename products and bring them back to life. For example book publishers look at poorly selling titles and if the book looks like it could have life they come up with a better title, one that catches attention and sells.

So don’t throw the baby out with the bath water, use this idea, just not to literally.

Does this work? Does renaming and repacking existing products or services work to bring life to a poor sales?

Yes! It’s one of the easiest ways to ramp up profits. Just don’t call it putting lipstick on a pig. And of course I’m assuming none of your products or services are pigs anyways.

- Charlie
MarketingForSuccess

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How To Build a Seven Figure Income

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