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The Simple Mind "Hack" That Can Earn You Millions

Reading time: 4 – 6 minutes

Selling something is the only way to make moolah in the marketing game. Duh, right?

I’d like to take a couple minutes (well, maybe 3) of your time to give you a few tips – stuff that took me years to figure out, distilled to a drinkable, yet buzz-inducing brew.

Here’s how you can:

  1. Adapt the mindset of the best salespeople to your own personal quirks and interests.
  1. Discover how to stop wasting energy marketing what you want to sell and start selling what people want to buy. There’s a subtle, but meaningful difference.
  2. Become a marketing sleuth to locate areas where you can make money with your present skills

Also:

  1. The simple daily way I grow my writing skills, market my services, and blunder into good ideas – all simultaneously – and easily expand them into articles and sellable information products.

Sound good?

Let’s start then.

Writing Is The Core Skill

Marketing is a writer’s game. Even if you market by cold-calling, you still work from a script. All writing is just expression of clear thinking, and effective writing wins the dollars in marketing.

Mindset

I prefer to write mostly about the nuts-and-bolts marketing stuff I know best, but I do believe your beliefs and mindset have a lot to do with the results you get in business.

Nowhere is the quality of your mindset more apparent then when you try to sell something, like your services, in person or on the phone. If your price is cheap enough you can shuffle your feet, look at the ground and do the “awww shucks” routine” and you’ll still make sales because you’re giving away your product.

However – When you want to command market-parity prices or prices higher than the competition, salesmanship matters.

Salesmanship skill is complex. There is no simple secret to winning at sales. But be diligent about refining your game, and persistent about working the market and you’ll always win.

The correct mindset is “never quit”.

Some people think that “never quit” means you should be stubborn and always follow your own internal counsel, as if success in business is a matter of a mentoring dialog between you and yourself.

I don’t agree with this at all. Often to succeed at selling you’ll need to get real about the marketplace. That means selling what people want to buy. Finding out what people want to buy can be a trial and error process that costs you a lot of time and money, or it can be a methodical, research-oriented process.

Both methods have merit. With trial and error you may blunder into ideal opportunities where your interests and skills intersect with market demands. You can find some real sweet spots this way so always be on the lookout for good ideas.

I get a lot of ideas for good stuff to sell by browsing and commenting in online forums. The WarriorForum is my favorite for marketing info. If somebody likes something I wrote and thanks me for it I often copy and paste my own forum comment and expand it into an article or blog post. String a few articles together and you’ve got the beginning of an ebook product you can sell – and this sort of thing evolves in a gradual and fun way.

The thing about the serendipity approach I enjoy most is the thinking and writing happens naturally (it’s unforced) and often my own ideas are nicely expressed. Clear writing beats rambling volume in today’s marketplace, so when my own rambling habits go well, I hold onto those ideas and try to expand on them.

The other approach to finding profitable niches and ideas for your own products is niche research. I have to confess I don’t like the keyword research part of internet marketing at all. I find it tedious, finicky, boring – a necessary evil.

If you’re at all like I am, you’ll want a system to make the time you invest in market research as effective as possible.

That’s why I’ve put together a comprehensive course on niche market research.

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Cheers,

_Loren Woirhaye


The post author, Loren Woirhaye writes sales copy and creates marketing systems for business clients who want to slash customer acquisition costs and position their businesses For 20%-30% sales growth in the next 12-18 months. He writes regularly about marketing and life at his Entrepreneur Blog.

I Wish I Listened To My Mother More

Reading time: 2 – 4 minutes

(part 1 of 5)

(If your mom is crazy or mean, you may have good reasons not to listen to her, but my mom is a cool, peace-loving person, so her advice tends to be constructive.)

When I was in college my mother reminded me to “do your reading” from time to time.  I was more interesting in having the kind of fun that didn’t involve books.  You (probably don’t) know the catch tune by the Scottish band the Proclaimers:

“Come on nature, I don’t want to read a book or talk about the world
Come on nature, I just want to spend some time being boy to the girl”

Well, those randy Scottish lads just wanted to get busy in the clover.  While the group is still active and probably making money, the lads are in  their late 40s now and I bet are a bit more interested in books than chasing girls.

In any case, in college I majored in English for some odd reason I’ve forgotten.  I had a lot of reading to do, and much of it was long, tedious 19th century novels.  To be fair, I did get exposed to some excellent old-fashioned literature but it was a bit much.  For years after I mostly read how-to books and very little fiction or literature.  I also became very involved in playing music – which never took the shape of any cogent career thing, so at best I can call myself a skilled hobbiest musician.

“So You Want To Get Rich, eh?”

In studying successful entrepreneurs you will find that there aren’t many of them who are making their money in one field and also functioning at a high-level in another field as a hobby.  Their efforts are undiluted.  They are often work-a-holics, addicted to their careers.  In short, it’s hard to do two careers at the same time – it splits your efforts.

This is not an easy lesson if you want to be very successful or even wealthy.  Felix Dennis, who is this crazy-rich British publisher, wrote a book called “How To Get Rich” and in it he actively discourages the reader.  See, Dennis made almost a billion dollars for himself in publishing.  He says if knew what he knows now he would have focused less on making money and more on other things.  To make amends he writes poetry and plants a lot of trees these days.  His youth is gone forever, and he has remained a bachelor married to his career and without children of his own (no, he’s not gay).  He sacrificed many of the things “regular” people get in order to get more money than he could possibly ever spend.


The post author, Loren Woirhaye writes sales copy and creates marketing systems for business clients who want to slash customer acquisition costs and position their businesses For 20%-30% sales growth in the next 12-18 months. He writes regularly about marketing and life at his Entrepreneur Blog.

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Poor People Have Big TVs - Rich People Have Big Libraries

Reading time: 2 – 2 minutes

(part 2 of 5)

“Poor People Have Big TVs. Rich People Have Big Libraries.”

The late Jim Rohn said that often.  It sounds like a glib statement to be sure.  and it might offend you if you enjoy your TV.  That’s not the point.  These days, many rich people do have big TVs of course.  The point is that successful people continually invest in developing their minds and creative pursuits, while unsuccessful people just seek instant self-gratification, which tends to default to doing stuff like watching junk television.

A secondary point is that when you buy a TV or any other toy or new car or even a house, it won’t make you more money – in fact it will usually either decrease in value (TVs, Ipods, computers) or it will cost you money to maintain (houses, boats).

Of course with real-estate your investment may be worth more in the future,  but if you buy more than you can afford, you’re investing in a liability that sucks up your monthly cash, not an asset.  Of course you need a place to live, and having more space than you need can be a pleasant luxury – but the truth is making money as an entrepreneur almost always involves using the money you have to get leverage.  If your money is tied-up (or spent) on luxuries, it’s not liquid and you cannot use it.

I don’t personally much care what you spend your money on, but I do care about being a rational business writer so here it is: the smart play is to invest your money  in assets that are likely to either increase in value and be sellable later or assets which you can use to create more income.

Making money isn’t the only thing in life and even disciplined asset-oriented entrepreneurs  have our little indulgences. That’s okay, but if you’re splurging most of your income on things that amuse you but which are going to lose value and become obsolete, you’re headed in the direction opposite to wealth.


The post author, Loren Woirhaye writes sales copy and creates marketing systems for business clients who want to slash customer acquisition costs and position their businesses For 20%-30% sales growth in the next 12-18 months. He writes regularly about marketing and life at his Entrepreneur Blog.

Why Cash is King

Reading time: 2 – 2 minutes

(part 3 of 5)

“They” say “cash is king”-  presumably because when you’ve got cash you have superior negotiating power in your money-making activity.

I used to buy and sell machinery – and I always bought low because I wouldn’t even look at the machine unless I knew I could sell it for more than I paid and had cash in my pocket to buy it on the spot.

One of my weaknesses is I’m not a very aggressive price negotiator – I want the other guy to feel good about the deal too.  But if a seller ran an ad and said he wanted $600 for a machine,  I would call up a seller and say “I’ve got $500 in cash and I’ll come and pick up that machine today if you’ll sell it to me for that,”  – I never even went to look at a machine unless I knew I could take it home right then.  I was “Johnny on the spot with cash”.

When making deals, you do need to strike when the iron is hot.  In buying, you’ll get your best advantage by finding a motivated seller who will make a deal on the spot.  If you want the advantage in selling, to get top-dollar for what you’ve got, you need to be more patient or better at salesmanship.

Buying Is Easy, Selling Is A Bitch

Buying is easy, selling is hard.  If you want to get money, you generally have to sell something – yet because selling is a hard thing to do for most people you’ll want to find some easier ways to do it.  Truth is, most people love to buy stuff, but they despise obvious salesmanship (most people are ignorant and  consider sales sleazy and manipulative).  Thus it’s easiest for you to sell, when you conceal the art of salesmanship and focus  on making it easy for other people to buy.


The post author, Loren Woirhaye writes sales copy and creates marketing systems for business clients who want to slash customer acquisition costs and position their businesses For 20%-30% sales growth in the next 12-18 months. He writes regularly about marketing and life at his Entrepreneur Blog.

Steve Jobs No-Pressure Selling Secret - Revealed!

Reading time: 2 – 2 minutes

(part 4 of 5)

If you’re looking for a way to make a lot of money without the pressure of making sales calls, direct response marketing is the most low-pressure form of selling there is.   No sale will actually happen without pressure.  Direct response is so  low-pressure in fact, you have to elicit the sales pressure within your prospect, which is the selling skill that  trumps all others and all master marketers have it.

Apple computer actually uses direct response marketing methods like perceived scarcity and elitism, which is an emotional hot-button in some people.  Apple claims they cannot meet demand for their latest products, Ipads or whatever, which causes people to be desperate to be the first person they know to get one.  It’s a bit of reverse psychology really and also very well integrated with the intentional elitism embedded in all of Apple’s branding and advertising.

When you buy the pressure you feel is your own desire to get an advantage for yourself or meet some basic need.  Without pressure coming from either outside of you (your spouse pressuring you, for example), or inside of you (need to keep up with the Joneses, perhaps), you aren’t going to buy anything.  People who don’t feel pressure in some way aren’t inclined to take any action at all.

The brilliance of what Jobs and Apple did is create a rich psychological template customers could be part of.  Apple customers tend to identify with the brand – they may even think themselves superior to PC users because they chose Mac.  I’m saying Mac isn’t a good product, just that the marketing is brilliant because the company put an actual identity into the product that buyers could slip into like a pair of jeans.  They turned a functional tool (which is all a PC is) into a “gotta have it” fashion accessory for a large number of people.  These people willingly pay much more than they need to for the computing power they get in order to participate in the shared reality of Apple’s brand.

It’s all a bit surreal, don’t you think?


The post author, Loren Woirhaye writes sales copy and creates marketing systems for business clients who want to slash customer acquisition costs and position their businesses For 20%-30% sales growth in the next 12-18 months. He writes regularly about marketing and life at his Entrepreneur Blog.

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