In Marketing - Dont Play
| Category: Marketing Strategy | Date: 2003-10-23 |
The Internet marketing machine is like a large information freight train running out of control. 99 miles an hour down a dead end street.
There is so much information and misinformation its getting harder and harder to tell the difference.
To make things even more difficult to understand, what works and what doesnt work today changing all the time.
The root of the problem is the marketing strategy that worked for me six months ago may or may not work today. If an approach works for you it may not work at me.
The newest cutting-edge marketing information is almost always stale by the time its published. In addition there is always a time lag between when a new marketing approach is conceived and when it becomes mainstream.
Dont Do Exactly What Everyone Else Is Doing.
If you do what everyone else does you will get what everyone else gets. Most Internet based businesses are failing to show a profit. One reason so many fail is because there is nothing new or interesting in their approach. In most markets there are more people selling than people who are buying.
The Gold Rush Mentality
In the California Gold Rush of the 1850s many businesses earned more money selling gold pans, transportation and supplies to the miners. Many of the prospectors wasted their life savings on scams and non-existent gold mines. I see the same things happening on-line today. A FIRST few people to stake a claim to a new market are the ones making most of the money.
Adapt A Franchise Mentality
Have you ever wondered why a higher percentage of franchise owners are successful? There are three main reasons.
The franchise owner is 100% committed. The costs are so high, so commitment to success is absolute. Treat your sixty-dollar business like a sixty thousand dollar business and you will be more likely to become profitable..
Treat your business like it is a business! Not like a hobby! A franchise is researched carefully; detailed plans are required; nothing is left to chance.
The franchise owner expects to success to take time. Many Internet Marketers expect success almost overnight.
The Saturated Market
Often people tell me they want to fashion their business after my business. I try to discourage them because there is less and less money to be made in an over-saturated market. In fact, selling marketing tools and information products to beginning marketers is perhaps the most over-saturated market on the Internet.
I advise people to learn what everyone else is doing - then do something different.
Push vs. Attraction Mentality
Most self-proclaimed "Internet Marketing Gurus" are still recommending a website design that works very much like an infomercial on TV. Television infomercials work because the broadcast medium can accurately saturate the airwaves with enough hype eventually the sales message gets through. The constant media bombardment wears many down and some buy just to satisfy their curiosity. The small businessperson cant afford to compete due to the cost of television media.
On-line marketers are not able to broadcast their sales message to anyone who happens to leave the TV on. We reach our customers by attracting them to our websites usually for unique information or with the offer of a solution to an existing problem
The Prevailing Marketing Formula
Write a ton of sales copy, fill it full of action verbs and lists of selling points, often called benefits . 2) Offer a high "NORMAL" sales price. Then offer a limited time discount and a money back guarantee.
Pepper the "long copy" with a liberal application of testimonials.
Offer several "Free Bonuses" near the end of the sales copy and tell people that the bonuses are available NOW and may not be available later. They must buy today - right now.
There is nothing really wrong with this marketing formula; it still works, especially for information products and novelty items that sell for under $50 on-line.
Even The Leaders Are Playing Follow The Leader
The problem is EVERYONE including the leaders is doing the exact same things. It seems like hardly anyone is thinking for himself or herself.
Most Internet marketers start by choosing a product to sell, and then research & develop a market afterwards. Lets turn it around backwards. Start with a subject that you already have a special interest and expertise.
Find A Market That Is Easy To Reach
Start by defining your market, choose one that is NOT over-saturated.
Develop a marketing strategy to reach this market.
Identify or develop a product specifically for this target market.
Push Vs Pull
Traditional marketing is a PUSH medium. The Internet is a PULL medium. We are accustomed to PUSH marketing through the conventional media channels. We are accustomed to having the broadcast media surround us, it runs on and on, with or without anyone paying any attention. You cant buy "eyeballs" on-line nearly as easy as through the conventional media broadcast medium. I believe that the number one reason why so many large corporations lose so much money on-line is because.
The Principal Of Attraction
You ATTRACT visitors and sales online through the principal of ATTRACTION. In other words you attract visitors to what they are already looking for, a solution for an existing desire. Using this principal of attraction you dont find people they find you. People will find you in many ways. The ticket is to understand the nature of their unfulfilled desire, in order to fill it.
Using the principal of attraction you can use free or low cost marketing techniques. You can take advantage of free promotional techniques like keyword placement and optimization in the major search engines. You can buy highly targeted keywords, banners, or classified ezine ads targeted to your unique market.
Dont Follow "The Three Foot Rule"
Rather than marketing to anyone who gets close enough to talk to you, you can place your information and sales letters where customers are already looking for the solution to their need. This method is much cheaper but requires more advance planning and testing to succeed.
OK Here Is The Rule
I learned the following rule from Corey Rudl in his Internet Marketing Course, its taken some time to really understand it even though its a very direct and simple rule.
"FIND A MARKET that is easy to reach and then find a need in that market that you can fill. This is the easiest way to success and almost EVERYONE OVERLOOKS IT".
Best Wishes
Bob
About the Author
ROBERT SMITH
http://www.smithfam.com/
bob@smithfam.com
bob@smithfam.com
http://www.smithfam.com/
There is so much information and misinformation its getting harder and harder to tell the difference.
To make things even more difficult to understand, what works and what doesnt work today changing all the time.
The root of the problem is the marketing strategy that worked for me six months ago may or may not work today. If an approach works for you it may not work at me.
The newest cutting-edge marketing information is almost always stale by the time its published. In addition there is always a time lag between when a new marketing approach is conceived and when it becomes mainstream.
Dont Do Exactly What Everyone Else Is Doing.
If you do what everyone else does you will get what everyone else gets. Most Internet based businesses are failing to show a profit. One reason so many fail is because there is nothing new or interesting in their approach. In most markets there are more people selling than people who are buying.
The Gold Rush Mentality
In the California Gold Rush of the 1850s many businesses earned more money selling gold pans, transportation and supplies to the miners. Many of the prospectors wasted their life savings on scams and non-existent gold mines. I see the same things happening on-line today. A FIRST few people to stake a claim to a new market are the ones making most of the money.
Adapt A Franchise Mentality
Have you ever wondered why a higher percentage of franchise owners are successful? There are three main reasons.
The franchise owner is 100% committed. The costs are so high, so commitment to success is absolute. Treat your sixty-dollar business like a sixty thousand dollar business and you will be more likely to become profitable..
Treat your business like it is a business! Not like a hobby! A franchise is researched carefully; detailed plans are required; nothing is left to chance.
The franchise owner expects to success to take time. Many Internet Marketers expect success almost overnight.
The Saturated Market
Often people tell me they want to fashion their business after my business. I try to discourage them because there is less and less money to be made in an over-saturated market. In fact, selling marketing tools and information products to beginning marketers is perhaps the most over-saturated market on the Internet.
I advise people to learn what everyone else is doing - then do something different.
Push vs. Attraction Mentality
Most self-proclaimed "Internet Marketing Gurus" are still recommending a website design that works very much like an infomercial on TV. Television infomercials work because the broadcast medium can accurately saturate the airwaves with enough hype eventually the sales message gets through. The constant media bombardment wears many down and some buy just to satisfy their curiosity. The small businessperson cant afford to compete due to the cost of television media.
On-line marketers are not able to broadcast their sales message to anyone who happens to leave the TV on. We reach our customers by attracting them to our websites usually for unique information or with the offer of a solution to an existing problem
The Prevailing Marketing Formula
Write a ton of sales copy, fill it full of action verbs and lists of selling points, often called benefits . 2) Offer a high "NORMAL" sales price. Then offer a limited time discount and a money back guarantee.
Pepper the "long copy" with a liberal application of testimonials.
Offer several "Free Bonuses" near the end of the sales copy and tell people that the bonuses are available NOW and may not be available later. They must buy today - right now.
There is nothing really wrong with this marketing formula; it still works, especially for information products and novelty items that sell for under $50 on-line.
Even The Leaders Are Playing Follow The Leader
The problem is EVERYONE including the leaders is doing the exact same things. It seems like hardly anyone is thinking for himself or herself.
Most Internet marketers start by choosing a product to sell, and then research & develop a market afterwards. Lets turn it around backwards. Start with a subject that you already have a special interest and expertise.
Find A Market That Is Easy To Reach
Start by defining your market, choose one that is NOT over-saturated.
Develop a marketing strategy to reach this market.
Identify or develop a product specifically for this target market.
Push Vs Pull
Traditional marketing is a PUSH medium. The Internet is a PULL medium. We are accustomed to PUSH marketing through the conventional media channels. We are accustomed to having the broadcast media surround us, it runs on and on, with or without anyone paying any attention. You cant buy "eyeballs" on-line nearly as easy as through the conventional media broadcast medium. I believe that the number one reason why so many large corporations lose so much money on-line is because.
The Principal Of Attraction
You ATTRACT visitors and sales online through the principal of ATTRACTION. In other words you attract visitors to what they are already looking for, a solution for an existing desire. Using this principal of attraction you dont find people they find you. People will find you in many ways. The ticket is to understand the nature of their unfulfilled desire, in order to fill it.
Using the principal of attraction you can use free or low cost marketing techniques. You can take advantage of free promotional techniques like keyword placement and optimization in the major search engines. You can buy highly targeted keywords, banners, or classified ezine ads targeted to your unique market.
Dont Follow "The Three Foot Rule"
Rather than marketing to anyone who gets close enough to talk to you, you can place your information and sales letters where customers are already looking for the solution to their need. This method is much cheaper but requires more advance planning and testing to succeed.
OK Here Is The Rule
I learned the following rule from Corey Rudl in his Internet Marketing Course, its taken some time to really understand it even though its a very direct and simple rule.
"FIND A MARKET that is easy to reach and then find a need in that market that you can fill. This is the easiest way to success and almost EVERYONE OVERLOOKS IT".
Best Wishes
Bob
About the Author
ROBERT SMITH
http://www.smithfam.com/
bob@smithfam.com
bob@smithfam.com
http://www.smithfam.com/
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