Seven Things
Seven Things #4: Joint Products
During lunch at the Warrior Event in April, I was with the group at a really cool Mexican restaurant and I sat next to an attendee who was an NLP copywriter.
No, it wasn't Steven Schwartzman, actually I can't remember the guy's name. He was new to the warriors but he really knew his stuff. (He taught coaching in the dating and hypnosis niches).
I explained to him that one of the weakest points in my business system is joint ventures. I am not a people person. Even though I have a large buyers list and people like Eric Louviere said I was a really popular, I didn't believe him because I don't have any really good contacts.
Some of those people on my customer list include Allen Says, Paul Myers, Willie Crawford, Marlon Sanders, Marc Harty, Mike Filsaime, Armand Morin, Tony Blake, Ewen Chia, David Valleries, Dave Miz, Kevin Riley, Paul Kleinmeulman... I could go on.
I'm still a nobody because these guys are flooded with joint venture requests... I don't offer any high ticket, high commission, recurring, multi-tier products. I still have a long way to go.
This NLP guy gave me a cool idea to start small... and that's to create joint products... but not in the usual way.
As Willie Crawford said in his talk about joint ventures at the seminar, you need to hand everything to them on a silver platter.
NLP guy's suggestion: Ask the joint venture "target" to ask his list for their best question about your topic... whatever topic you are an expert in.
Then, answer those questions and give it to that list owner as a product... that they have exclusive rights to... that ends in a call to action to buy YOUR product, with their affiliate link.
You could host a teleseminar or even just record a skype conversation where you discuss the answers. Maybe cut them up and make a podcast.
Transcribe them so you have an autoresponder series.
That's how you create a joint product.
That's what Jason Fladlien and I did later this year after the Philadelphia JV Alert seminar in June. We recorded a bunch of Skype interviews... and guess what... we'll be adding them to Daily Seminar every single week.
Have you created any joint products? Do you have any joint product tips to share?
Seven Things #2: Advertorials
In April 2008 I attended my very first real seminar. We socialized at the bar every night (Thursday night through Sunday night) and one of those nights, starting drinking in a group of people that included Bruce Wedding -- copywriter!
Bruce is slightly ahead of where I'm at (he does $4000 copywriting jobs) and he spoke a little bit about how he has been trying advertorials.
An advertorial is exactly what it sounds like: an ad that teaches some kind of information.
I wrote a sales letter a couple of days after returning from the event and it was an advertorial. I wrote it like an action-packed article and it ended up being a 20 page sales letter.
If you know my PHP products, I sell a package of seven scripts... each script contains source code, PDF instructions, and a how-to video.
I was able to split the long sales letter into seven sub-letters. There was an overarching story throughout the whole thing, but each sub-product had its own story.
I registered seven extra domain names (each for its own script), put each sub-page as its sales letter, put up an order button and upsold it all to the main product.
Don't forget, I also wrote solo ads and setup affiliate programs for each product.
A lot of work, but there you have it... 8 products!
Tomorrow, Jason Fladlien and I are launching the Daily Seminar where we give advice about how we create products quickly, write sales letters quickly, sell without selling, and more stuff... we give advice every weekday!
Gimmie ten comments down below and I will share the next tip with you.
Seven Things I Changed This Year
Guys, I'm launching a membership site next Monday (December 15th) at 10:00 AM PST. Just wanted you to be aware.
2008 was my most important year in marketing. I changed a heck of a lot of things and actually took my marketing seriously.
The first thing I changed: a longer stream of upsells.
I've only started using upsells this year. An upsell is where you sell a low-ticket item for $27 and just as your visitor goes to order, you give them a choice to either pay the $27 or $97 for a higher ticket item.
Even better, get the $27 order first and on the thank you page, give people the choice between clicking over to the download or giving you the extra $70 for the full package.
Attending seminars made me realize how short sighted I was. Many of the attendees sell products in the $600 range and upsell coaching packages all the way up to $10,000.
As soon as I arrived home from my 4 hour flight and 90 minute drive from the airport, I changed many of my upsells that went from $27 to $97... to upsells that went from $27 to $97... to $197... and finally to $250.
I would bump the upsell to $500 or more but Clickbank has my price limit set at $250.
Do you have an upsell for your product? How many steps?
Please fill up this entry with ten comments so I can share the next big thing I changed this year...