+=+=+=+= SIM's INSIDER REPORT =+=+=+=+
January 14, 2003
SIM's INSIDER REPORT is a free bi-monthly newsletter dedicated to helping readers succeed online while saving both time and money with cutting-edge tools, tips and strategies for internet marketing, online advertising and website promotion.
IN THIS ISSUE
==> Tip of the Week
==> Tips, Tools & Resources
==> Affiliate Spotlight
==> SIM's Weekly Reports
==> Feedback & Contributions
==> Food for Thought
First some breaking news just in that we should all be aware...
JL Scott, ph.d., director of the International Council of Online Professionals (iCopô), has posted an expose on a new company called Habeas, Inc. that will soon be controlling your email. Now,bear in mind that this is a company. NOT a government agency - a FOR PROFIT COMPANY!
The report is titled "The Ultimate Exploitation" and you can have it sent to you by sending a blank email to the following address mailto:exploitation@i-Cop.org
Now we can see what filtering was all about - it was a SET-UP!
Here's a freebie to help you get started with a hugely successful 2003. It's by Michael Green and is titled "How To Create Your Own Money-Making Mint!" It's a recent interview by professional broadcaster Peter Twist for his Internet Marketing Lounge show.
During their chat...Michael got a little carried away and revealed the secrets that he's personally used this past year to go from ZERO in Feb 2002 to #6 ClickBank MarketPlace ranking now! http://startupinternetmarketing.com/free/audioebook.pdf
Your comments are always welcome.
SIM'S TIP OF THE WEEK
The 5 Most Dangerous E-mail Marketing Myths
E-mail marketing has gone through a lot during the past 5 years or so. In the beginning, it was seen as the ultimate marketing tool -- inexpensive, instantaneous, and 100% measurable. Click- through rates were the only numbers that mattered, and people were willing to open -- and read -- just about every single e- mail they received.
How times have changed! Nowadays, most of the talk is about spam, how e-mail marketing can hurt your business, and why click- through rates are a fraction of what they used to be. Yet we still hear stories about companies who, despite all the pitfalls, manage to generate millions of dollars in profit every year using e-mail marketing.
So this raises the question: How do some marketers manage to earn six-figure incomes (and higher) relying almost exclusively on e- mail as their marketing medium? How are they able to get their messages read and acted upon despite all the hurdles that stand in their way? It seems that those people who understand e-mail marketing the most are the ones who are able to profit from it the most.
With that in mind, I'd like to clear up some of the misconceptions that you may be having. I've put together a list of some of the most common myths regarding e-mail marketing, and answered them using cold, hard facts. Pay attention, because if you've bought into any of these myths yourself, you're in danger of losing out on a lot of potential profits.
E-mail Marketing Myth #1: E-mail Marketing Is No Longer Effective
This is the most common misconception I hear when I talk to people about e-mail marketing. Many think that the sheer volume of e-mail that we all receive on a daily basis has ruined the effectiveness of e-mail as a marketing tool. And the fact that spam has received so much attention in the news lately also hasn't done much to instill confidence in this medium.
In my opinion, the idea that e-mail marketing is no longer effective really stems from people failing to make the distinction between spam and legitimate, permission-based e-mail marketing. While it's true that spam is not an effective marketing tool -- it never really has been -- permission-based e- mail marketing continues to be a tremendously powerful, easily trackable, and instantly measurable way to market your product or service.
Need proof? A recent DoubleClick study reports that 69% of American e-mail users have made purchases online after receiving permission-based e-mail marketing.
That's great news for companies who continue to use e-mail as a marketing tool. The fact that almost 70% of people have made purchases as a result of receiving an online promotional offer demonstrates that e-mail remains one of the most effective marketing tools in history.
E-mail Marketing Myth #2: E-mail Promotions Will Damage My Credibility
There is a pervasive myth among some small and home-based business owners that using e-mail as a promotional tool will cause subscribers and customers to have a lower opinion of your business. Now, I'm not sure who started this rumor, but I'll bet that it was someone who didn't do a very professional job of putting together their own e-mail campaigns!
If you launch a poorly designed e-mail campaign, of course you will damage your credibility. The same goes for a direct mail campaign filled with spelling mistakes or an offensive newspaper advertisement. However, if you spend some time creating a well- formatted promotional e-mail that is of real value to your customers and subscribers, you will actually enhance your credibility.
In a recent report, eMarketer found that 67% of US consumers said they liked companies who, in their opinion, did a good job with permission e-mail marketing. This is proof that an e-mail marketing campaign that is well-designed and properly delivered will actually enhance your credibility among your customers and subscribers, as opposed to damaging it.
The key to delivering an e-mail promotion that your opt-in list will appreciate is paying attention to quality. Here are three easy steps to ensure that your customers and subscribers receive professional, quality messages from you every time:
E-mail Marketing Myth #3: My Customers Will Think I'm Spamming Them
Here's where we need to talk a little bit about the difference between spam and legitimate, permission-based e-mail marketing. Spam is basically unwanted e-mail that has been sent by a company with which the recipient has had no prior contact. Spammers usually get their lists of e-mail addresses by "harvesting" them from newsgroups and chat rooms, or through a wide range of other unethical sources.
Permission-based e-mail is quite the opposite. Marketers who practice this type of e-mail marketing have previously been in contact with the individuals on their opt-in lists. The people who make up their lists include current and former customers, as well as those people who have left their e-mail addresses with the company for the purpose of receiving e-mail from them -- be it a free eBook, a newsletter, or promotional messages.
And studies indicate that e-mail users are well aware of the difference between the two. According to IMT Strategies, more than 80% of people feel negatively towards spam, whereas 78% of the people surveyed in a recent DoubleClick report said that they wanted to receive e-mail from their favorite online merchants.
Now, if 78% of people actually want to receive promotional e-mail from you, you're doing terrible damage to your bottom line if you aren't using e-mail as a marketing tool. And unless you really are spamming, you don't need to worry that your customers will think that you are (as long as you follow a few simple rules like providing clear unsubscribe instructions). Your customers are smart enough to tell the difference.
E-mail Marketing Myth #4: People Will Unsubscribe From My List If I E-mail Them
Another really common concern among online business people is that their customers and subscribers will start unsubscribing from their list if they receive promotional e-mails. The only time these companies e-mail their customers and subscribers is when they want to notify them of a some company event, like a move to a new location or a total redesign of their web site.
It's true that if you never send any e-mail to your customers and subscribers, you won't get any unsubscribes. There's nothing for them to unsubscribe from! But what was the point of collecting all those e-mail addresses if you aren't going to use them? The fact of the matter is that people who leave their e-mail addresses with you fully expect to receive e-mail from you. Why else would they have given you their contact information?
Still not convinced? According to a joint study recently released by The Direct Marketing Association and the Association of Interactive Marketing, 63% of companies surveyed reported that e- mail marketing was their most effective customer-retention tool. A "customer-retention tool" simply refers to a method of preventing your customers from buying products or services from your competition rather than you.
Customer-retention is one of the most important aspects of any business. Losing a customer to your competition is very harmful to your bottom line, because one existing customer is more valuable than a list of potential customers.
And remember, a few unsubscribes here and there aren't going to destroy your business. In fact, people who unsubscribe from your list as a result of responsible, well-written e-mail marketing campaigns are actually doing you a favor! After all, why would you want to waste your valuable time and resources on people who have no interest in your offer?
E-mail Marketing Myth #5: E-mail Campaigns Are Difficult To Design And Deliver
Whenever I'm talking with someone who insists that e-mail marketing doesn't work, I always ask them if they've ever actually tried it themselves. Most of them admit that they haven't. When asked why they haven't tried it themselves, the answer is almost always the same: They think that the process of creating and sending out an e-mail promotion is too complicated or too difficult.
Those of us who do use e-mail as a successful marketing tool know that nothing could be farther from the truth. Once you've learned the basics, the process is a breeze. And there are new tools being created all the time that make the process even easier.
When we conducted a comprehensive survey of our customers and subscribers, we asked what some of the biggest challenges you faced as marketers were. Here are the three of the most common answers:
In our next issue, I'll address your Number One Problem: Growing And Managing Your Opt-In List. I'll talk about how to build a huge list of qualified, targeted prospects from scratch, using simple tools on a shoestring budget. By applying these methods to your own business, you'll discover why finding and managing good prospects never has to be a challenge ever again.
I hope you'll keep an eye out for these upcoming issues, as I'll be letting you in on some tips and techniques that I've never before been able to share with the public. These are strategies that have proven time and time again to produce solid results -- not just for me, but for thousands of my clients and customers as well.
Armed with some basic information and a few simple tools, any business can make e-mail a profitable component of their marketing programs. The truth about e-mail marketing is that it remains an incredibly powerful and cost-effective way to sell goods and services, despite what the people behind the myths would have us believe.
The key to making e-mail advertising work for your business lies in understanding how it can help you build and maintain relationships with your customers (and customers-to-be). The responsible use of permission-based e-mail will allow you to tap into the profit-generating potential of your opt-in list more efficiently -- and cost-effectively -- than any other marketing tool.
In the coming weeks, I'll be sharing with you the secrets to extracting the maximum profits from your opt-in audience. There's a lot to learn, but the steps to a successful e-mail marketing program are easy to follow and are guaranteed to grow your business. If you already have an e-mail marketing program in place, I hope to be able to provide you with some new ideas that you may not have thought of.
. . .
ABOUT THE AUTHOR: Corey Rudl is the owner of four highly successful online businesses that attract more than 1.8 million visitors per month and generate over $6.6 million each year. He is also the author of the #1 best-selling Internet Marketing course online.
To check out his site that's JAM-PACKED WITH THE EXACT INFORMATION YOU NEED to start, build, and grow your very own profitable Internet business, I highly recommend visiting http://www.marketingtips.com/tipsltr.html
This guy really knows what he's talking about! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
SIM's "Tip of the Week" back issues available at... http://www.startupinternetmarketing.com/ezines
TIPS, TOOLS & RESOURCES
You know how your page looks on your browser's screen, but are you sure it looks just as nifty on your visitor's browser or monitor? Here's where you go to see how your page looks when viewed by other browsers and monitors... http://www.anybrowser.com/siteviewer.html
Automate Your Web Site
Learn to use CGI in Two Hours" -for FREE. You'll find out how you can write and run scripts or programs that make your site more "interactive". Typical CGI programs can gather information from a form, send email messages or read from/write to a database. CGI can be used to automate all sorts of processes like subscribing people to your Ezine, taking payments and so on. http://www.yoursalesoffice.com/cgibook.zip
The Utimate Guide to Ebook Promotion
Tracie's book is packed with fresh ideas that will give you information to help you decide what to write about, how to compile it into Ebook format and where to promote, publish and distribute it. Plus... the book shows you how to write articles to promote your Ebook for FREE, and how and where to get your articles published. Plus... how you can build subscribers for your Ezine quickly and 24/7. Plus... where to promote your Ezine. Plus the price is right again - it's Free! http://www.yoursalesoffice.com/ebookguide.zip
* For more great tips and tools, visit our website:
FREE 5 DAY INTENSIVE COURSES
*Mastering Search Engine Placement
*Becoming a high-earning affiliate champion
*Creating, producing and selling your very own infoproduct
*Finding the Perfect Price that will maximize your profit
*How to write sales-clinching copy on the Net
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Affiliate and product information can be found here... http://www.startupinternetmarketing.com/wordtracker
UPDATED Affiliate Masters Course
The Affiliate Masters Course is a fantastic stand-alone information resource. This course REALLY has ALL the info and strategies required to build a profitable affiliate-based e-biz from the ground up.
It's the best product available for affiliates AT ANY PRICE...
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* Check out SIM's Top "10" Affiliate Review at
SIM's WEEKLY REPORTS
How To Write Effective Email Subject Lines
Top Ten Lessons Learned in Internet Business
Introducing A New Product
FEEDBACK & CONTRIBUTIONS
3 Killer Ways To Ignite Your Affiliate Commissions!
1) Be Personal
Use a personal endorsement ad. Only use one if you've actually bought the product or service for the affiliate program. Tell people what kind of benefits and results you've received using the product. You need to purchase the product or service in order to write a honest endorsement.
2) Be Original
Write your own affiliate program ads. If all the other affiliates use the same ads that you do, it won't give you an edge over your competition. Use a different ad to give yourself an unfair advantage over all the other affiliates. If you have sub-affiliates, tell them to do the same.
3) Be Creative
Create a free e-book with the advertisement and link of your affiliate web site. The subject of the free e-book should draw your target audience to down- load it. Also, submit it to some e-book directories and allow other people to give away the free ebook. The more exposure your free e-book gets, the more your ad will be seen.
by Larry Dotson
10,000 Sales-Producing Words And Phrases! Just
If you have a promotion tip to share (or an affiliate program that would be of interest to the rest of us) or if you have a web design tip, or a specific question, please feel free to post all tips, questions, or answers to posted questions here and I will add your email or URL with it. It's FREE promotion!
Send your tips, questions or answers to:
FOOD FOR THOUGHT
A sense of humor is part of the art of leadership,
of getting along with people, of getting things done.
-- Dwight D. Eisenhower
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