How To Fail - Faster Then a Speeding Bullet!
How To Fail - Faster Then a Speeding Bullet!
By Troy Pentico
Hello, I am getting married. Want to pay me $798 dollars to come? Yes, this is the theme in the latest marketing campaign from the infamous Corey Rudl. Now before I give you the wrong idea here it really doesn't cost $798 dollars to attend. In reality it will cost you only $97 dollars and Corey has promised to give everyone that attends a $97 dollar credit towards any of his products. So really Corey is only going to make $97 dollars per person that attends his wedding. Pretty Good Deal, huh?
The $798 dollars is for the one day finally. What someone could actually learn in a seminar environment in one day that is worth $798 dollars is beyond me. But, I am sure even some of you have bought into it. If you are thinking about it but, have not committed to it, I would consider spending the money on some one-on-one time with a consultant if you feel you must pay someone to learn about your business.
This really is not what this article is about though. It surely made me think about writing this but, would make for a pretty bland article unless I was promoting Corey's Wedding wouldn't it? No, you see Corey is in the Internet Marketing Information business which in my opinion is getting way out of hand lately. And that is the basis of this article.
So I give you "How To Fail... Faster Then a Speeding Bullet!"
As all of you know one of my favorite past times and really the whole "Niche" of my online business is testing new marketing tools, and resources and then sharing those reviews with my subscribers and customers.
Through all of the years of doing this I have gained some serious in site on what makes the online entrepreneur tick. Most of the "initial successes" these marketer have, as well as most of the failures are attributed to many different things.
This list of reasons people fail is enormous but here are the five most common and how to avoid them:
#5 Bad Guidance
Through out life people are used to being taught how to do things. Their parents teach them how to tie their shoes, and talk. In school they learn how to read, write, and perform arithmetic. In college or trade school they learn how to perform the tasks they are going to use at their job for the rest of their lives.
Then one day they decide to start a business on the Internet. Most of the time that is exactly what happens. They decide to start "A BUSINESS". Not just any business mind you. But, "A BUSINESS". These would be entrepreneurs want to make money that all the SPAM mail promises can be had on the Internet. But, there are now a few road blocks. They don't have a product sell. They don't have a web site to promote. They don't have any friends that are successful making money on the Internet to help them. So in pure haste they go to the nearest search engine and type in "How to Make Money" or something a long them lines.
A lot of them won't be to picky when it comes to choosing. They jump onboard every free to join program out there. Some are "smarter". They know that if every body is selling this or that product it must be the one people want and therefore they need to sell it to. Luckily for them they will inevitably end up on the mailing list of a very successful online marketer who will provide them with all the guidance they need.
Generally this will consist of them telling their prospect that to succeed they need to buy and follow the strategies in a particular book they wrote. Once they spend their money and read the hype in the book they find out to make money with these strategies they will need to utilize a particular software program, or service that luckily for them is provided by the same person that sold them the book! And then thankfully that same marketer is throwing a seminar that you can pay an arm and a leg to attend so that you can actually figure out these strategies that so far you haven't had any luck with. All the while nobody is working on your business because you are to busy reading, learning new software programs, and attending seminars to build your own business.
Avoidance Strategy:
When looking for guidance find a professional with a telephone that they answer when you call. If at all possible find someone near your location that you can work with face to face. Demand a free consultation to see if this person truly knows what they are talking about. Demand a money back guarantee. If this Guru is flashing sales copy that you can make Millions selling this or that surely they can guarantee that you will be profitable with your business following their strategies in X amount of time.
Do not buy any products at all dealing with Internet Marketing until you know what your business is going to be. Don't spend hundreds of dollars trying to figure this out. You will find your own Niche without the help of a $137 dollar digital book.
#4 Playing the FREE Game
Why should I pay to advertise on Google when I can join that FREE Safelist and mail my ads to millions? Why should I for advertising on ClickBank when I can join CBClicks for FREE? Why should I pay for ads on Google when I can use this free click exchange program to generate traffic?
There are an endless amount of free programs on the Internet that promise to make you successful. This game started years ago with a service called a Free For All Links Page. Here is how they all work and why you can get them for FREE. When you signup for a FREE service you will need to provide some information to the provider. This can range from just your Name and Email to a more extensive survey that includes questions about your monthly income level, your physical mailing address, your phone number, etc. A small price to pay for using these services for FREE right?
WRONG!
If you didn't catch on yet these services can guarantee you what ever they want. But, the truth is they rarely work because they were not designed to! These services are for the provider to obtain your contact information and your permission to contact you with advertising anytime they want. Many times your contact information is sold via a leads service. In the end you find out that you wasted your time joining the program and all you gained out of the FREE deal was in inbox full of junk!
Avoidance Strategy:
Do not utilize FREE Traffic or Lead Generation Strategies with very few exceptions (like submitting your URL to Google for FREE for example). Find a service that is pay to play by a known provider of successful strategies. Like Google AdWords for example. Use the service that you can afford to and when you can afford to utilize another move into it. Don't make any exceptions to this no matter what anybody tells you!
#3 No Focus
This one is closely related to all of the other causes for failure. The normal scenario goes something like this. You are selling a book you wrote about cross stitching. You have made a few sales and things are going nicely for you as your business is starting to grow. Someone that you respect sends you an email. It says, "Hey my Google PR just shot through the roof because I am using X product". You quickly move into action and purchase the product. You follow the directions and spend hours, sometimes days applying the strategy.
When you are finished you decide to stop by one of your favorite marketing forums and find everyone talking about this out standing new book by X marketer where he reveals all his top secret marketing strategies. You move into action and purchase the book. You spend days reading it and then weeks applying the strategies.
This is a never ending chain for some people. They never spend one day completely devoted to working on their business because, they are to busy being distracted by the next big thing.
Well I got news for your folks. There is always going to be a next big thing. Some things do not change and will provide you with much more success.
Avoidance Strategy:
FOCUS your time on YOUR Business. The Top of you To-do list should always be Provide Outstanding Customer Service, Market Your Product Continuously, Build Strong Relationships with your customers, Improve the Content of Your Web site, etc.
Don't start another business if the current one is not successful! Why put yourself through the mental challenges of failing at two businesses? When you have made one business successful you will have the know how and the resources to successfully expand it to include another.
If you do this you will laugh as you watch your competitors chase their Internet Marketing Dreams in Circles.
#2 No Creativity
You decide for your business that you are going to market X product as part of their affiliate program. This one has to be the easiest business to start in the world! They provide a web site template, pre-written ads, banners, articles, and graphics! All I have to do is use these items and I will make Millions!
WRONG!
Having no creativity is a killer. Especially, in the affiliate sales world. Think about it if everyone of the affiliates in X program are using the exact same sales materials for every aspect of their marketing program who do you think a prospect is going to buy from?
If you answered "I have no idea", you are correct. And a lot of the times the prospective customer has no idea either. If you don't successfully close the deal on the first visit from this customer you are probably not going to. Your prospect wakes up the next morning and decides to buy the product. They forgot to book mark your site so they type the name of the product into a search engine and come to a page that looks exactly like yours and they buy.
The scenarios for not having creativity are endless. They go from something simple like using canned sales materials from an affiliate program to creating a software product that is exactly the same as 12 others on the market.
If you do not put some creativity into your business. You will fail.
Avoidance Strategy:
Only join and market an affiliate program if you have purchased the product and used it yourself? Why? Because, if you don't you will have no choice but, to used the canned sales materials. You cannot extend any creativity into it and write your own sales copy, give a testimonial to your prospects or anything of that sort because, you will have no idea on what you are talking about.
Always, write your own sales copy, advertisements, web pages, etc. Even if you only change a few graphics, and include a few of your own paragraphs into a canned version you are way above the heap. When modifying web pages include testimonials (if you don't have any when you sell some ask the customer for one). Always include your contact information including a phone number that you answer. Always change the headline. If the headline is just to good to change then change the sub headline. Do what ever you can to make your sales materials unique.
When creating your own product research the hell out of it. Don't create something that can be had elsewhere. And definitely don't create something that people can pick up at the local Wal-Mart. If you can't come up with your won idea hold a survey with your ezine or mailing list subscribers asking them what they wish they had to improve any aspect of their life or business.
Apply creativity throughout your business from product creation, to sales, to good customer service at all time.
#1 No Determination
What am I doing wrong? I have created a unique product. I have an awesome sales page. I am getting tons of hits from my Overture PPC Campaign. But, nobody is buying! The heck with this.
I have a ton of ads inserted for my Google Campaign but nobody is clicking on them. The heck with this.
I just can't get people to buy my product. I guess I will just give it away.
I see this all of the time. People try everything that they can to make their business work but, nothing seems too. They give up and never really tried. Folks, the Internet is not a get rich quick environment no matter what you may think. Yes, it is easier to target your customer base and actually make contact with them. But, it is no different then selling off line. If you don't provide a compelling reason to buy then no one will. And just because you think it is compelling and all your marketing friends said the same thing does not mean it is going to work.
The failure rate of online business due to No Determination is astronomical. People actually believe that whatever they do is going to work and when it doesn't they give up without a fight.
Avoidance Strategy:
Expect failure and LEARN from it. Write the underlying cause for each failure down and refer to it when ever you can so you don't make the same mistake twice. Research and analyze your marketing methods. Write at least two versions of a sales page for a particular product and run a split-test on it. Always ask your current customers why they bought a particular product. Make them be specific. Apply copy cat strategies with your products. If it worked once it might work again. Just don't go word for word. Ask for help from an Internet Marketer that you respect by offering them a cut on sales. If you can't make it sell maybe they can provide you with a way it can. Above all DON'T GIVE UP, DON'T GIVE UP, and DON'T GIVE UP.
If you are the average everyday Internet Marketer you probably found at least one failure strategy that you are following right now. This does not mean your business will fail. If just means you got a head start in start in that direction.
Keep in mind that I could not possibly list all the scenarios, or avoidance strategies for each of these as it would have created a volume of information and this article is already long as it is.
You must learn to identify failure strategies and cut them off before they have an adverse effect on your business. I have provided you with a good start it is up to you from here on out.
So I challenge you from here on out to remain determined, be creative, stay focused, avoid free things with big promises, and seek out and find good guidance if you need it.
Troy Pentico is the Editor of the FFAMall Gazette e-Zine and has been a successful Internet Marketer since late 1997. Are you tired of reading Internet Marketing Tips e-Zines packed with advertising and marketing fluff? Subscribe Today and learn the Truth! [http://gazette.ffamall.com]
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