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Man oh man
How To Sell
High-Priced Information Products On The Internet And Make At Least 4 Times The
Profit For 1/4 The Effort
From: Brett McFall,
THE MCFALL REPORT
The World's Best Advertising Secrets - MADE SIMPLE
Dear Friend,
Did you know that a cockroach with its head
chopped off can still live for up to 1 month?
It's true. Cockroaches don't need their head to survive. In fact,
the only reason they die is because of starvation. Otherwise
they could live until they accidentally crawled up some creature's
behind.
Now, how am I going to tie that little
piece of news into this newsletter topic?
Good question - here's how:
Most small business owners are the exact opposite of
cockroaches. Most are living on the edge. They couldn't
survive a week, let alone a month, if they don't get sales
into their business.
You know why? Their margins are so small,
and their costs are so high, that it makes it near
impossible to survive without constant sales coming in.
I found a solution to that a long time
ago. And I believe the same solution could help YOU in your
business.
I've just been interviewed on a topic that's one of
my favourites - how to sell products that are HIGH PRICED. See, most people get
a bit scared when they have to sell something which is around $1,000 ... $2,000
... or $3,000.
But really, in my opinion those are the exact type
of products you should be striving to sell. Why? Because I think that
being in business
is hard enough as it is, without having to worry about surviving on small margins.
In order for you to be able to feasibly
provide the product or service that you do, I believe you should be well-rewarded
for it. After all, it's YOU who is taking the risk of running your business. Why
shouldn't you be paid more than a "wage-earner?' Higher risk = higher reward
in my books.
So that's why I want to teach you some strategies. Now,
if you don't sell INFORMATION PRODUCTS, then you need to go and get a 4x2 plank
of timber and whack yourself over the head.
An information product is the
only product in the world which gives you the potential to make comfortable
profits. Often 10x cost ... at least. Which is a lot better than the 10%-30%
profit margin of regular businesses.
But all the while, still offering absolutely
incredible value.
Now, if you don't sell information products, then you
MUST start to introduce them into your business. You can still use what I'm
about to teach you in your regular business, but you must look at adding
information products like books ... tapes ... CDs ... videos ... DVDs and
more to your product range.
Trust me ... you'll be thanking me like a leper
who's just been healed.
Anyway....
Let's get stuck into educating that fertile mind of
yours. Here now is an interview by internet marketing consultant, Ted Ciuba as
he probes me about how to sell high priced products. (Print this out and store
it somewhere - it truly could be one of the greatest reads you have this year -
NOT BECAUSE OF ME ... but because of the potential and power of the concepts)
Ted:
Well I am ready, and everybody’s been real patient. But here’s what I have to
ask you to do, Brett. You’ve got to give us the lead-in as you gave before.
Because what we’re really interested in is the topic that you announced – how to
sell high-priced product from the internet and make four times the profit for a
quarter of the cost, a quarter of the effort.
Brett:
Yeah, absolutely. I want to cover the reasons why you actually want to do it,
for a start.
-
You don’t
need a very high conversion rate to make a lot of money on the internet,
when you’re selling high-priced products.
Everybody talks about maybe getting a 1% conversion rate when you send out
an e-mail, or a 1% conversion rate from a website. And sometimes, that
can be hard on the internet because conversion rates tend to go down.
Direct mail is generally double the conversion rate of what the internet is.
So conversion rates can be an issue.
So with a
high-priced product, that means you can actually have a conversion rate
sometimes of maybe .5% or even less. And because you’re selling something at
let’s say $2,000 instead of $20, it doesn’t take many sales for you to make a
fantastic weekly income.
-
But
there’s actually another benefit there.
It’s easy to get JV partners
(joint venture partners).
Because on the
internet, one of the best ways, the quickest ways to actually make some
money or to get a business running is to have a joint venture partner who
will help promote your product to their database.
If we go to
someone with say a $20 product and trying to make a whole heap of sales with
that, and somebody comes along with a product that’s maybe $2,000, you’re in a
whole different league. And the joint venture partner can see the dollars.
They know their mathematics. Doing a JV with you at $2,000, it’s not going to
take too many sales to make a whole lot more money.
So it’s
much, much easier to actually do business when it’s a high-priced product, in a
lot of ways. And if you want to talk numbers...
"It’s easier to sell one product at
$2,000 than it is to sell 100 products
at $20."
Ted, you’ve
been in direct mail. You know how the numbers work. It’s always easier to make
less sales than it is to make more sales. And what we try and do is find or
create a product that can justify a higher price, so you can make a much, much
better income.
Another
thing, too, is it’s actually easy. Let’s say you don’t have your own product,
at this stage. It’s actually easy to find products on the internet which are
selling for around $2,000 to $5,000. And I’m talking things like products, but
seminar tickets as well. You could actually sell those tickets for them for a
price cut, sort of a portion of that price.
So it’s
easy to find products for which the marketing really, really sucks, to be
honest. It really sucks. So it’s easy to go in there and actually apply some
of the techniques I’m going to show you today and start making some sales for
other clients. And then you can start to get experience on how to actually do
it for yourself.
Ted:
Could I ask you a question? I just happen to be reviewing the sales statistics
for the World Internet Summit, the one we did in Sydney, Australia, and I saw
several names that I didn’t even know. I knew the name, because I’d seen the
name. But as far as the person, I’d never met them, never talked to them or
anything. And they were selling five, six, seven of these seminar seats that
you were talking about, which are going for about $2,000.
You have to
have a lot of connections to make that kind of money on those high-dollar sales.
Brett:
That’s actually a pretty good example there, Ted, because one of the seminars
I’m involved with right now, one lady has come along and she sold three tickets
to the event. And a ticket, at this event, is like $1,749. She’s actually paid
to come to the event itself. So she’s actually going to try and earn some money
before the event. And just by telling some friends that she had on her e-mail
list, she sold three tickets, of which she got 40%; 40% of $1,749 for just
sending an e-mail.
Ted: Over
$2,000, by the way. I’d say she’s paid her ticket for free.
Brett:
That’s right. So she’s coming for free. But here’s probably the greater
lesson. She’s actually learned the power of selling a high-priced product.
Now, I’m
not saying that it’s bad to sell low-priced products, because I have those as
well. What I want to try and give you today is the edge on trying to make more
money from the internet with less effort.
If you make
just $2,000 a week, I’m sure you might agree, as a listener, that’s an okay
income to start off with. Here’s a lady who tagged on to our promotion and
using a few little techniques that we taught her, which is part of the affiliate
program, she’s made over $2,000 before the actual event.
But more
importantly, she’s learned that lesson about how to actually make money much,
much easier because of a high-priced product.
Ted:
That’s good. That’s good. And there does come a change when you actually do
it. Doesn’t there, Brett? I mean this lady has now seen that it’s possible.
I’m not saying that she ever thought it was impossible, but I’d say a lot of
people, when they make their first real money online – and surely, a quick
$2,098 is real money – then they believe that it’s real.
Brett:
Yeah. Often, the biggest barrier is believing that you can actually sell
something for let’s say $1,000. That can be a really big barrier to you
mentally.
I’m here to
tell you, you can sell products on the internet for much, much higher prices.
I’ve tended to sort of drift that way because I’ve had clients come to me, and
they’re obviously challenged about selling products for $2,000, $3,000, thinking
that it can’t be done on the internet.
It
absolutely can. Forget all of the sort of myths that you may have heard about.
It is absolutely possible. And, in fact, I believe you can make more money that
way than any other method, very, very quickly.
Here’s
why. The principles still apply. I’m going to talk to you about some things a
little bit later on in this interview. And Ted, if you don’t ask me the
question, I’ll certainly try and remember to bring those up. But there are
certain principles that we’re going to apply on a website, which work no matter
what the price is.
So if you
can take these principles, get good at them, you can start to move up the chain
from the lower-priced products and move up to a $100 product, to a $500 product,
get your experience up, and then move on to $2,000 products because the same
principles apply. And that’s what’s exciting.
Ted:
That is. And I want to approach you now, Brett, as a “newbie,” someone who
hasn’t gone beyond the $100 threshold because I think most people begin that
way. What do I do next? How do I do it?
Let’s say
I’m selling a course on covert hypnosis. In other words, hypnotizing people and
they don’t even know it’s happening. It could be anything, but I’ve been
selling it for $97. And now, I’m listening to Brett McFall and I’m getting
fired up about selling this. You’ve been throwing figures like $2,000 and
$3,000. What can I do to do that? What type of products do I have to have?
Can I still deliver them digitally? And what if I’m not all that big of an
expert, etc., etc?
Brett:
Okay. I’ll try and answer a few of those questions there for you, Ted.
Say you
have a product - a $97 hypnotic product. There are many things you can do to
actually sell it at a higher price.
"I’ll talk about the product first,
then I’ll talk about the marketing."
In terms of
the product, you can do things like adding to the product. Let’s say that it’s
a manual. Or perhaps it’s a downloadable audio file, or something like that.
What you can actually do, if it’s an audio file, you can do little techniques
like this. You can take every word of the audio file and have it transcribed,
which means you have someone actually type every word on the audio file and turn
it into a separate manual.
Why would
you do that? Because some people like to listen, but also some people like to
read. And if you leave those guys out, you could be losing like 30% of your
market by just having an audio product but not having it written down in a
transcribed form.
I’ve
actually done that with many products, where I actually just interview an expert
for one hour. I have that interview then transcribed into a manual. Now, I can
effectively double the price, if not more, just by adding the manual. But the
interesting thing is the actual cost on my side, for creating that product and
producing that product, is maybe an extra $5. If we were talking in direct mail
term, physical product, it might cost me an extra $5 for the extra manual. But
yet, I can actually double the price of the whole package.
Ted:
If we’re talking digital terms, you might include, in addition to the recording,
you might include a PDF for an e-book of the document.
Other than
getting it transcribed, which could cost a couple hundred bucks, you don’t have
any expense, do you?
Brett:
This is the thing. This is why I start with direct mail first, because that’s
where most of your costs are. So it’s like the conservative environment.
Take it to
the internet, and suddenly it costs no more to provide that extra document to
download the transcribed version of an interview. But it doesn’t stop there.
Ted:
It still has perceived value, though.
Brett:
It still has perceived value, because every single word is captured. That’s
right. But it doesn’t end there. How do we get people to pay $1,000 for a
product? Are we ripping them off? That could be a valid question. Are we
ripping them off?
All we’re
talking about here is about value. You can do things like you can create extra
little bonuses to go with the product. There’s nothing stopping you from
exploring every single angle of your product, in order to add bonuses to it.
For this
hypnotizing product, there’s no reason why the person producing the product
couldn’t actually ring up some people who have actually had the actual course
for a while and ask them what their thoughts are, what they’ve learned about it,
what they’re doing now because of the course.
It would be
easy to create an hour interview like that, with just some past customers of the
product. Again, there’s another added bonus. It could be an audio, which then
would be transcribed as well.
Then,
there’s nothing stopping you from adding to it by actually interviewing some
other experts about it and getting their opinion on it. You may just be
offering a product with one view of hypnotherapy, and these guys may have
another view of it. And it’s all interesting to the customer.
So what
you’re doing is just adding and adding and adding. Now, the fantastic thing
about the internet is you’re not actually adding much cost to your package at
all. Because it’s downloadable, the cost is virtually zero.
But the
perceived value, when you’re actually selling the item, is a huge package of
products. It’s very simple to diversify. Looking at it from all different
little angles like that is how you actually increase the value of the product.
"Let’s talk about the marketing now."
First thing
I want to tell you is here’s what you need on your website, guys, if you want to
sell something at a higher price. You need what we call a sales letter. A
sales letter. And I just like to call it a letter because here’s the thing.
Believe it or not, a letter to your customer will sell better and more
effectively than an ad to your customer. We don’t like ads, but we don’t mind
letters. And I’m talking like a letter, it just reads from like you to a
friend, from you to a brother or sister; a simple, nice, understandable letter
on a web page. And I’m talking so basic here, Ted. And you’ve seen some of the
things that I’ve sort of been doing lately. And you know what is happening
around the world as well, with some of the experts.
A basic
letter on a page, it even has like a dark border around the outside, and that is
it. It’s just simple communication. And that is the system that you need to
use if you want to sell a high-priced product.
Why do you
need a letter? Because a letter is simply selling in writing. Your letter is
basically like a salesperson walking up to the front door of a person’s house
and trying to sell them the pots and pans. That’s really what it is.
"So what you
need is a full sales argument, and a letter will talk them through it."
If
you’re selling a product for $1,000, you’re going to need a little bit of
explanation there to your customer, or your potential customer, in order to get
them to justify the $1,000. Right?
So a letter
takes them through why it’s important to them, what they’re going to get if they
do buy it, all the benefits, all the features. And then it would talk to them
about how the actual purchase is risk-free. It might actually show them some
proof of what other people have done with the product.
And on the
marketing side, that sales letter is the key to selling anything at high price.
It is absolute gold for you.
You could
have a sales letter, and I’ve had one working for me for the past two and a half
years, that has made me $248,000. One simple, eight-page sales letter. And
people come to me and they say, “Do these sales letters really work?” They just
cannot see how it works. They see them on the internet every now and then.
They might receive a letter through actual direct mail. The same principles
apply. And they’re asking, “Does it work? Who’s going to read all that stuff?”
Well, the point is not everyone is going to read a letter on
your website.
But here’s
the thing. We work off percentages of say 1%, which means 99% of the people who
see the letter don’t buy. And that might sound terrible to the uninitiated
business owner. But we’re only focusing on 1%, who actually will read every
single word you write because they are in your target market. They are hot for
your product. You’ve targeted them properly, so they’re getting the message
they really want to hear, because you’re going to the right people. And that’s
another important part of the marketing. But they’re going to read every single
word.
So if you
ask me, “Does everybody read this stuff,” no, they don’t. But 1% do, because
they really want to – and they buy. And 1% of any sort of database, selling
something at $1,000 or $2,000 can make huge dollars for any businessperson.
Ted:
I agree. I agree. Hey, you brought up a couple of good things. Number one,
first of all, as you know, many people are on the webcast. Do you have a
website or two where people could look at a long-form sales letter like you
might be talking about?
Brett:
Sure can. I’m glad you brought that up, because examples just make it
concrete. Would you like to go to a website which has made over $85,000 in the
past three weeks?
Ted:
In the last three weeks?
Brett:
Yeah. Would that be okay? Okay, here’s where to go, folks. You go to
www.AmazingMum.net
We’ve
virtually done very little with that site whatsoever, other than let a few
databases know via e-mail, Ted. And on that site is a basic sales letter.
Everything I’ve talked about up to now is on that site. It hasn’t even got any
of these audio tracks on there.
I have
dumbed down that site to its absolute essence, which is the actual sales process
on the actual website, on the letter. There’s no audio. A lot of people talk
about audio, and I have no problem with audio. I actually use it and I think
it’s fantastic to bring the site alive.
But I
wanted to prove to people how simple this can be. That one has made over
$85,000 in three weeks, and we haven’t even started really using that letter to
its full potential.
Ted:
That will be great. I can’t wait to see what it does, whenever you do start to
use it to its full potential.
Ted:
You’re telling us about how to work and make a lot
of money with high-dollar products. But what you’re really also saying – and,
of course, it would be natural from you – is it’s the power of words, the
amazing, incredible power of words that converts people to spend that kind of
money.
Brett:
Yeah, absolutely true. You can talk about products all you want. You can talk
about your JV’s all you want, and all the other internet marketing strategies.
If you do not have the words on your web page right, it’s all for nothing. It
is that important. It’s that powerful.
I tell
people, and it’s actually true as well, you can absolutely earn as much money as
you want in your life if you learn how to write sales messages. It is the most
exciting and powerful skill you will ever develop.
R
How would you like
to be able to write yourself a holiday to Disneyland?
R
How would you like
to be able to write yourself a brand new Mercedes Benz or write yourself a new
house?
That’s what
can happen, once you know how to be able to sell on the internet, via words, but
also selling higher-priced products. That’s when everything really goes in your
favor, when you’re selling high-priced products. And that’s the power of it.
Ted:
Incredible! Let me ask you one other thing, though, that you were talking
about, that came up from what you were saying. You were talking about targeting
and getting your message in front of the right people.
And really,
of course, I’m relating to the effectiveness of a message. What is your
opinion? You’re actively involved, and I know you are not spamming. But how
does it relate to being a target market and why is it not working? Clearly,
spam is not working.
In addition
to being now illegal, it just isn’t effective. Is that not correct?
Brett:
Well, here’s my thoughts on it, Ted. I think that, actually, spam is effective
in a funny way. It is effective for the scumbags out there, the gutless people
who actually want to spam and send e-mails to millions of people who have no
idea they’re supposed to get it, have no desire for the product. But you know
what? The old percentages start to kick in. If they get .2% of people that
actually take them up on their offer, I believe they actually do make money.
So in terms
of dollars, yeah, I think it must work. But here’s the deal. What are the
consequences of doing that? Yes, it’s illegal, but it’s just not right to do
for a start. And it is terrible marketing.
The
consequences could be you end up in jail. That’s the worst it can get. But
it’s just so bad. Why would you spend so much effort offending millions of
people, when you don’t even need to talk to those people. You can just talk to
as little as maybe 50,000 people of someone else’s database or you might
actually have to place a little ad.
So when
someone does a search for your word, Las Vegas real estate might be something
you’re selling. When someone types in that word, your ad comes up on a search
engine.
Then, those
people you’re talking to are the ones you want to. You’re not breaking any
rules. You’re not offending anyone. You’re just talking to the people that
want to hear you.
It’s just
good marketing, to make sure that you target it right. It will take less
effort, it will take less money, you’ll make more money, and you’ll never be in
danger of doing something illegal and getting in trouble. You can get shut down, no matter where you are in the world. Your
business is like gone.
Here’s
another thing about the internet community. If you start doing something wrong
on the internet, it travels like wildfire. And if you’re sitting here trying to
work ahead to sell a high-priced product and you dare go into those sort of
waters, it’s going to be all over the internet about what you’re doing and you
will not get a single sale.
So it’s
dangerous territory, and I thoroughly never, ever recommend it.
What we’re
talking about here is getting the marketing right and finding the people first;
finding the people who are right for your product or service. That’s when your
response goes through the roof. That’s when you make real money – real money
you can take to the bank. And it’s all yours to keep. No having to pay fines,
just keep it nice and clean.
Ted:
So to find those people, you have spoken of joint ventures as being a primary
tool.
"So how do we go about finding those joint venture
partners, which seems to be a logical question?"
Brett:
Yeah, very easy. You can do many things.
A)
You want to get on the databases of some of the people in your market.
One of the biggest ways to market yourself on the internet these days is to have
your own e-zine, which is a newsletter. So a lot of the guys who may be your
competitors or in your market, may actually have their own newsletter. So you
want to get on their database and find out what those guys are doing and just
listen to them. Because once you understand them, it makes it much easier to
approach them to do a JV deal because you know more about them and their
company.
B)
But a simple search on using a
search engine like Yahoo or Google
will find you other companies or other products to actually JV with. You
want to ask yourself, “Who has my customers already? Who already is
selling to my customer and may just want to sell them to me?”
If you’re
selling tennis rackets – and I’m going to choose something which is a hard thing
to sell on the internet, tennis rackets – who else has your product? Who else
has your customer? Would it not make sense that tennis schools might have your
customer? Would it not make sense to go and do a JV with tennis coaching
clinics? Because those people might just need tennis rackets, at some stage.
Would it
not make sense to even approach school, because they might need them for
physical education classes? Would it not make sense to approach sports stores
and try to JV to their databases, to try and sell your tennis rackets?
Now, in a
matter of 15 seconds, we’ve already got three different markets that we could
approach to JV and be able to sell your product to.
Ted:
Wow! And those are huge markets, also, when you really think about it.
Brett:
Yeah, that’s right.
Ted:
Like schools, how could you run out of schools? There’s a constantly renewing
population every single year.
Brett:
That’s right. That’s right. Yeah.
Ted:
Cool!
Brett:
I’d actually like to see if I can tell you some things here, which I think are
really critical, Ted, to selling something at a high price.
Ted:
That’s what we want to hear, Brett.
Brett:
There’s two ways you can do it. I’ll come back to this in a second. Let’s say
you can’t sell your own product. You haven’t got a product to sell at $1,000 or
$2,000. You can approach other people who are already selling them, and offer
to sell their package for them. If they’re selling something at $2,000, you’re
going to take the affiliate approach because you’re going to try to say to them,
“I want to bring customers your way. I want to actually sell your tickets for
you. And all I want back is say 30¢ on the dollar. For every dollar I help you
make, all I want is 30¢. Does that sound like a fair deal?”
Most
entrepreneurs can see the mathematics there, that they cannot lose. It’s not
going to cost them anything, they’re only going to make money.
Now, we
have a guy here in Australia, his name is John Singleton. In America, you
probably don’t know him. But he’s worth around $214-million here in Australia.
And he’s been in advertising most of his life, and a fantastic marketer.
I was just
reading about him recently, how he made his fortune was he would go on radio and
he would take a product which was selling for $2.50, and he’d ask the actual
company, the actual supplier, if he could have 25¢ for every one that he was
responsible for selling.
So he might
pay for the actual radio ads, and then he’ll get 25¢ more of the profit.
Now, what
happened is the products went on to sell hundreds of thousands of them. So he
made his millions by taking a slice of the action.
So what can
you learn from that? It means you can approach companies and entrepreneurs who
are selling high-priced products, and offer to sell tickets for them, at no cost
to them, just for a slice of the actual profits you help them make. And that’s
when knowing how to write a sales letter on your website comes in very, very
handy. That’s when you can actually create your own website, write a letter on
the page, and when it comes to the order link, you send that through to the
actual company. So that’s one way to really get started.
Let’s talk
about your own product.
Let’s
assume you have something that’s about $1,000. Perhaps it was maybe $300
yesterday. You’ve added value to it, like we talked about at the start of
this call. And now it’s worth maybe $1,000.
I want to
tell you something. You’ve got to use a sales letter. I’ve already said that.
You’ve got to use a sales letter. But the second thing is I want you to leave
all of the branding, all this branding – and excuse my language here, Ted –
branding crap to the big boys, and all of this image stuff of the idiots on TV.
I don’t
know about in America, but here in Australia we have shows on TV here which try
and tell us how important branding is and your image, and you should be spending
thousands and thousands of dollars on your logo. It’s just not true.
Absolutely not true.
What I’ve
told you up to now, a simple letter on a web page is all you need. It’s all
that communication. That stuff can come later, if you have the budget for it.
But don’t waste your money in that area.
I had a guy
come to me, and I’m not going to mention his name because I have great respect
for him and we talked just last week. When you type in my name into a search
engine, Peter Sun’s name into a search engine, Chet Townes into a search engine,
guess who’s sites come up first? His. His sites come up the very first. Any
of those stars’ names, and you can type in people like Jay Abraham, I believe.
Type in his name in a search engine, and his company comes up first in the
search engine.
He is
technically brilliant. He lives here in Australia. And his sites are
absolutely first in all of the search engines. He’s so smart, he knows how to
do it.
But guess
what? He’s hardly making a cent because he doesn’t have the marketing side
covered. He’s first in all the search engines, but cannot make a cent. I can’t
believe it. I’m going to talk to him and actually work something out with him
over the next six months to try to help him out there. The sales letters are
not working on the site. He’s not using the very simple thing I just talked
about, a sales letter on a web page.
So he’s
first on all the search engines, being seen by millions of people. But the
sales letter is not in place and it’s just not working for him. Hardly making a
cent from all that good effort.
So that’s
why I say the search engines and everything is all great, but it means nothing
if you can’t get the sales letter working properly.
Ted:
That’s it. You’re talking about our typical marketing problems. There’s two
separate issues here. Obviously, with his search engine optimization, he’s
getting the targeted traffic. He’s found his market, because people do not go
and type in specific words in a search engine if they’re not interested in that
topic.
But now,
here’s the whole story. People have asked him to hear his message, and he
cannot convert them. On the internet, we call, number one, and even better,
targeted traffic which comes off a search engine. Number two, conversion.
And that’s,
of course, what you’re saying, where the real power of a sales letter is.
Brett:
Absolutely, yeah. You’re talking to Brett McFall, and his actual site’s got
before mine. Mine might come two, three or four down the actual search engine.
But mine would be kicking his butt, so to speak, in terms of sales. Simple as
that. And that’s why the sales letter is so important.
Ted:
Let me ask you. We know that we got together this evening or this morning to
learn about high-priced products, and you’ve identified copy as being real
important.
"What are some of the hottest tips that
we could know as people who
are trying
to write our own sales letter, for
writing our own web page?"
And I almost
hate to say it, but some people call it a struggle. How do we make that easier?
Brett:
Well, the good news is it’s actually quite simple. Here’s one of the biggest
tips I can tell you about selling high-priced products. What to actually put in
your sales letter, so you can sell something for $1,000, $2,000.
What they
are is – this is one of my favorite tools ever –
bullets. Now,
if you don’t know what bullets are, bullets are simply little short statements
of fact, and they might have a little dot at the start or a tick, or some sort
of symbol at the start. It’s a list of things down a page, and they’re
called bullets in the industry. And a bullet, basically, you need to make
your bullet make the reader curious.
Let me give
you a bad example, first.
A bad
bullet is something like let’s say you’re selling an information product,
because really there is no other product to sell other than information, as far
as I’m concerned, because there’s so much profit in it and so little cost. So
information products are the key. You’ve got to sell those.
But a bad
example of bullets, in terms of information products, is in this package you get
two audiotapes, one videotape, one manual, one three-ring binder manual.
They’re bad bullets.
Why are
they bad bullets? Because they don’t excite you in the least. A sales letter
is all about exciting the prospect. It’s not about hype. It is not about
hype. It’s about exciting the reader to the real benefits of what you’re
actually selling.
Good
bullets, we’re talking about advertising and how to write, so let me show you
the example of these bullets, which sort of jump off the page.
If you’re
going to write a bullet about an information product based on advertising,
here’s what they might be:
R
Why the advertising
you’re probably running right now is wasting you thousands of dollars, and what
you need to do to turn that loss into cash.
R
How to turn a
sleeper ad into a blockbuster in just five lines.
R
The powerful tool
which becomes your own unique product and customer magnet, page 133.
Ted, I’ve
just read you three bullets, and they’re bullets which create curiosity.
Because we haven’t actually identified what the actual real answers is, we’re
talking about what the actual benefit of the answer is. How to turn a sleeper
ad into a blockbuster ad in just five lines. We’re not telling what the actual
five lines are, but we’re just telling them that it can be done in five lines
and that we are going to reveal how to do it in the actual product.
That’s the
secret to bullets.
Ted:
If I’m a potential buyer and that hits with me, that resonates, I actually am
motivated to buy your high-priced product, so that I can buy that and get that
information.
Brett:
That’s what it’s all about. It’s about getting those benefits.
If I could
tell you how to get movie and TV stars to help you sell your product or service,
would that be interesting?
Ted:
Oh yeah, it sure would.
Brett:
If I told you how to get hundreds of prospects to seek you out, would that be
interesting?
Ted:
Very interesting.
Brett:
And I haven’t told you exactly how I’m going to do that, right?
Ted:
You’re right. Just the saying, not even the how, just the saying is what we’re
really…
Brett:
That’s right. And your brain goes into overload. It goes, “Wow! I’ve just got
to know that.” And sometimes, I’ll write up to 50, and sometimes 100, but maybe
about 50 bullets in a sales letter because I know that just one of those is
going to catch my market. I can’t look at which one it is because different
bullets work for different people, but it might just be one bullet out of that
50 that absolutely has them going crazy. “I’ve got to find that out,” because
they can see the potential. Their mind goes crazy with all the amazing things
they’ll be able to do once they know how to do that certain bullet.
That’s one
of the biggest secrets I could ever give you about selling high-priced product
s. Powerful bullets, which create curiosity.
"There’s
only two types of bullets, folks
1) ME bullets and 2) YOU bullets."
The me
bullets are all focused on you. As I said before, two audiotapes, one
videotape, one manual. You bullets are all about you, the customer. You’ll
find out this, you’ll discover that.
That’s the
difference which allows you to sell something at a higher price. And that is
very exciting. Isn’t it, Ted? Just that one little technique. I’m going to
give you a couple more right now. But just knowing that alone, just knowing how
to write bullets and knowing that you need them, you can actually just write a
headline to the site or the letter, a little introduction saying, “Dear friend,
if you’ve ever wanted to know how to do XYZ, then this could be the most
important message you ever read. Here’s why.”
And then,
you could actually go into a list of all of the bullets, 50 bullets straight in,
if you wanted to. That’s a very basic way of actually writing a sales letter.
But just to
get the bullets right is so powerful.
Ted:
It’s so much more exciting, too. What you classified as a “me,” this is our
company, this is how long we’ve been in business.” It sounds like research, and
nobody likes boring research. But “You’ll get this and you’ll get that and you
get this, it’s a little bit more action, just in the creation.
Brett:
That’s true. That’s true. The point to remember is the customer is not
interested in you, at all; how many trucks you have in your yard, how many
delivery vans you have, how many seats you have in your hairdresser salon.
What’s in it for them, that’s the whole thing. Always, what’s in it for them.
Ted:
They don’t care that you have 25 seats. They want to know that they can get in,
see somebody within 10 minutes, and get out within 20 minutes after that.
Brett:
That’s right, Ted. What good is 25 seats in a hair salon when I’ve only got one
bum?
Ted:
Yep.
Brett:
Let me give you something else, which makes it much, much, much easier to sell
something at a high value - $1,000 to $2,000, even more. And that is this. You
want to blow people’s minds with high-value, low-cost bonuses. And I’m talking
about adding value with information products. Again, they’re the only bonuses
you want to have, because the value in them, the inherent value can be hundreds
of dollars, but yet the cost is like maybe $1 to you, perhaps even less if it’s
electronic.
Your goal
is to blow people’s minds.
See, the
sales process, let me just give you a demonstration of this, Ted. Can I ask
you, do you own a mobile phone, a cell phone?
Ted:
Oh, sure.
Brett:
Okay. Can I sell you one at $2,000 right now?
Ted:
Not a chance, because I know what the competitive market is.
Brett:
Okay. So you’re saying you don’t want a mobile phone from me. I’m selling it
for $2,000, and you’re saying you won’t buy it from me. Is that right?
Ted:
Not unless there’s some other extenuating circumstances.
Brett:
Okay. Let’s see how rock solid you are on your convictions here, Ted.
What about
if I was to say, “Buy my mobile phone, my cell phone for $2,000, but I’ll also
throw in $300,000 worth of free land?”
Ted:
Well, of course, I would immediately go skeptical and say, “How could you do
that,” and look at the land.
I can tell
you this, though. Provided the value was a fraction of what you’re actually
saying and claiming, it would make that $2,000 cell phone, mobile phone, an
incredible value. Wouldn’t it?
Brett:
Now, hold on. Have you just changed your mind there, Ted? Are you almost
saying yes to buying my mobile phone, my cell phone at $2,000?
Ted:
I’m almost saying, “I’ve got to get the money out of my pocket so fast that you
don’t have time to change your mind.”
Brett:
Okay, now that’s a really silly example, but I use that to underline the fact
that it’s all about the offer.
If I really
had a $300,000 house and land package here sitting for you, and I was offering
that as a free bonus if you bought this phone for $2,000, how many phones do you
think I could sell?
Ted:
I think you could take over the market.
Brett:
Couldn’t I just outsell everyone else out there? So as many phones as I want.
And that would be with no advertising agency, no big budget, no big corporate
website, nothing. Just that little offer alone, and I wouldn’t be able to keep
up with the amount of mobile phones I could sell.
Ted:
And not only would you affect the people that you could directly influence, but
that kind of an incredible offer, a blow-your-mind offer, would preclude or
would initiate or strike up viral marketing. In other words, others would tell
others about that kind of a deal, wouldn’t they?
Brett:
Absolutely. So the overall principle – and this is what it all comes down to –
the offer is king. If you’re selling something for $2,000 but you can find
bonuses that are worth $2,000 and much more than $2,000, suddenly it’s not a
matter of whether I can afford it. It’s like, “When can I get it?” There is so
much value.
I remember
for our World Internet Summit in February, we offered bonuses of $7,000. But
the price itself was around $2,000. That’s a good example of what we call
“bonus overload.” You just keep adding bonuses and bonuses and bonuses, which
are a really good value for the actual customer. But on your side, they’re not
costing you too much as a business owner.
I always
advocate to sell high-priced products, because there are so many risks involved
in being in business. The risks are less when you’re on the internet. But I
always try and advocate that you want to keep as much profit in your business so
that you can continue providing that service or that product to your customers
in the first place.
So that’s
why high-priced products are so appealing, I think, to any small business
owner. And you can do it if you just get that offer right.
"By adding
bonuses,
there’s nothing stopping you."
There’s no rules here, folks. If we’re
talking about the internet marketing industry, there are so many experts you can
go to and ask them, “Hey, how can I promote you for free? Is there something
you’d like to give me, because I’d like to promote you absolutely free?”
“From an
entrepreneur’s point of view, they might just throw you a product or two because
it’s free advertising for them. It doesn’t cost them anything upfront. It
doesn’t cost them anything to actually execute it. But they’re getting their
name out there, which will result in backend sales later on.
So you can
approach experts in your industry and say, “How can I help you to get more
publicized? How can I promote your product at actually no charge? Look,
whoever’s advertising right now, whichever businesses you know of advertising
right now, they’re losing money. An enormous amount of companies are losing
money on their advertising, because they don’t know how to do it properly.
So instead
of taking ads, paying for advertising, paying for marketing strategies, you come
along and say, “Look, I’ll tell you what. If you’re going to lose money over
there, how about you give me something and I will promote you absolutely for
free? And it can only increase business. It will never lose you business.”
So what can
happen there, folks, is you can have all of these experts within your industry
giving you things. And if they can’t give you something physical or electronic,
you can make it up. There’s nothing stopping you from ringing them up, taping
the call, interviewing them. Simple as that. Adding all of these bonuses in
until a price like $2,000 becomes like, “Wow! That’s really good value, because
I’m getting so much more value in bonuses.”
That is one
of the biggest secrets I could ever give you, Ted.
Ted:
Man, that’s incredible. You, of course, started a whole string of further
questions. But I want to ask one thing. Let’s just talk. Nothing’s stopping
you from calling somebody up, ringing them, and getting a couple questions
answered.
Now, if a
person did that one time a week, how many products would they have at the end of
a year?
Brett:
If my math is correct, Ted, I think that’s 52 products.
Ted:
Man, is that a simple way, or not, to create something that would have relevance
to whatever market somebody’s in?
Brett:
So you sell one product on a website for let’s say $1,000. But it comes with 52
bonuses? Then you start writing the bullets about each of the bonuses and tell
them what they’re going to discover in each bonus. You would have sales going
through the roof. It’s absolutely infallible. You’d have sales going through
the roof.
Ted:
It would, I tell you.
Brett:
And that’s the power of the offer, and that’s the really amazing thing.
Ted:
Brett, you are an absolute professional, and I know that you deal with people in
corporate board rooms and you deal with people that are calling you in cutoffs
on the beach.
But what is
it? You make it sound so simple when you say, “Hey, I’ll get a JV partner, I’ll
call an expert and ask him for an interview.” But yet, the majority of people –
in fact, I think the US government, I don’t know about others – the US
government makes advertisers say something to the nature of “these results are
atypical.” And it has to do not with an ability, but with execution. What
could you say that could help people understand that, yes, it really is that
easy. You pick up the phone, call an expert. They’re not going to shoot you,
they’re not going to send out the Gestapo to get you. It’s a conversation.
Brett:
Okay. I think I know where you’re going with that. Here’s what I would do.
We’re
talking about adding bonuses. If you wanted to interview someone, one of the
best ways to make sure that they say yes is to do this. Let’s take that
example. Let’s say you were going to create 52 fantastic bonuses, one a week,
by doing interviews and things like that. You offer the absolute complete
reprint rights to the person you’re interviewing.
So when I
interview you, you’re listening at home now, I come and I interview you and it
goes for an hour, I give you a copy of that interview and I say to you, “That is
yours to keep forever. You own the complete rights to that extra recording. So
do I. We’re joint owners in it. That means you can sell it, you can give it
away, you can use it as a promotional item to sell things in your own business.
That is your own promotional tool, and it’s my gift to you as a thank you for
helping me through this process.”
You do
that deal with 52 people you might do the interviews with, in this example. But
guess what? You own the 52 interviews. But each of the 52 people only own
their own interview. So you’re the only one which has all the rights to the
whole package, which gives you total uniqueness in your market. You’re the only
one who has everything.
And what’s
more, you’re probably the only one who actually knows what to do with those
interviews once you do have them, as information products. You’re going to have
them transcribed and everything, so you know exactly what you’re going to do
with them. Whereas most of the people you’re interviewing won’t have a clue
about really how to sell it, which is another advantage for you.
So it is
absolutely possible.
Your only
goal is to try and make it win-win. I always try and search for the win-win
deal. Make it a win for the person you’re going to interview in that instance,
and a win for you. Simple as that, Ted.
Ted:
I’ll tell you what, isn’t there another thing that most people don’t realize
quite distinctly at the end? When they go to interview an expert, number one,
that expert of course has an ego. We all do. But isn’t that expert trying to
put themselves out there through every normal medium of communication that they
can anyway? And you come and offer them a free interview, that you’re going to
give them rights to? Why would they say no?
Brett:
That’s how simple it is.
"Would you like me to give you a
master strategy right now? I’ve never talked about this to many people. It’s a
master strategy. Let’s take this to the next level."
Ted:
Okay, let’s do it.
Brett:
You go to an expert. You’ve already told us that they’re eager to do any sort
of interviews like that because they want to promote themselves. Well, guess
what? That expert might have a database. Chances are, they just might have a
database. And after you’ve interviewed them, would it not make sense to offer
that interview to their database, where you both get to keep the names of the
people who request that interview.
So he
actually helped you make the interview. It hasn’t cost you a thing. You’ve got
a good hour interview, let’s say. And then you say to them, “How about we
actually promote it to your database? It’s your database. They’d obviously
like to hear what you’ve got to say on XYZ topic. And when they do, they simply
e-mail me on this address, and I’ll send them the CD or I’ll send them the
download code, and you get a database from that expert.”
Let’s say
that expert has 30,000 people. In a matter of a couple of days of offering that
free bonus interview to that database, absolutely for free, you might have 500
to 1,000 people, bang, on your database because of that one interview. And if
you do that with every one of those guys you’re actually interviewing, those
people, you can just grow your database – in a matter of weeks – just through
the roof.
Ted:
No kidding. Just think, if you couldn’t do it with all 52, let’s say you could
only get 25 of 500, using your figures. You’ve created a database of 12,500
people throughout the course of a year, and they’re all people who opted-in, who
have a definite interest.
And I’ve
known people – and correct me if I’m wrong or if this doesn’t jive with your
experience – I’ve known people who made hundreds of thousands of dollars a year
and didn’t have 12,500 people on their database.
Brett:
Absolutely true. You could do it within a couple of months, if that, using that
one little strategy.
Ted:
Man, that’s so great. Brett, you and I, we could go on and we could talk about
this stuff for hours on end. But, of course, we’ve got to be respectful.
Everybody’s kind of expecting it to end up pretty much pretty soon.
I’ll tell
you what, Brett McFall, "ad wonder from Down Under," thank you for being with us
this evening or this morning.
Brett:
It’s my pleasure. I hope what I’ve given you here today gives you some insight
to what can be done, folks, how simple it can be. Go to those websites I gave
you. See how they read, what’s in them, and see what you can apply to your
business. I truly hope that you can.
And you can
always visit:
www.brettmcfall.com
But I hope
you do something with this information today. It’s fantastic to hear it. But
what are you going to do with it? How are you going to apply it in the next
four weeks, to do something with it? And I’d really like to see that you do do
something. And make something happen really quickly, because in action, that’s
where the real excitement starts. So I wish you the best of luck with that.
There you go my friend. Now if you didn't get some
ideas out of that, then you better call the Doctor to check your pulse. It is
absolutely possible for you to do exactly what I've said. You've been given the
strategy ... now comes the implementation.
Go for it.
Till next time.
Warmly,
Brett McFall
©2004 Brett McFall
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