7 Ways to Build a Solid Foundation for a Wealth-Building Internet Business

Issue #2076

• WEALTHY: Have you mastered these business fundamentals? (David Cross)
• HEALTHY: How salmon can keep you sharp (Dr. Al Sears)
• WISE: Agatha Christie on taking advantage of experience

ALSO IN THIS ISSUE:

• When short sales copy is better than long, part 2 (Bob Bly)
• 7 ways to impress your boss at meetings (Michael Masterson)
• It’s Fun to Know… about cruise ships
• Add "janissary" to your vocabulary

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"You know my methods by now, use them."

Agatha Christie, in Poirot

7 Ways to Build a Solid Foundation for a Wealth-Building Internet Business

By David Cross

The angel watching over our daughter’s crib heralds the message: "Children need two things. Roots and wings." We strive to give her both.

The same message seems to apply to an Internet business. Take, for example, one Internet marketer who recently asked me what more he could do to grow his sales, website traffic, and e-mail subscriber base. He wanted to learn about new ways of marketing online and new advertising avenues worth exploring.

My answer surprised him. Instead of giving him new methods to try, I had him revisit the fundamentals of his online business.

In my experience, most online businesses are looking for wings when they’d do better with deeper roots. They waste time looking for new techniques to amp up their sales - but new techniques don’t yet have a track record of success.

That’s why I recommend methods that have proven themselves - business-building strategies that have gotten great results for many successful businesspeople. These "fundamentals" of business success are 100 percent more likely to work for you, too, than some untested trend that’s just hit the marketplace.

Here are 7 of the best and most fundamental strategies you can use to build your online business.

1. Develop a clear conversion system.

When visitors arrive at your website, you need a system in place for them to sign up, make a purchase, contact you, or perform some other action that makes it a "successful visit." This will help you keep and convert many of those visitors into subscribers, readers, and/or paying customers. Not having a clear ("clear" to your customers and prospects, not just to you and your website designer) pathway for visitors to take the next step means you’re letting plenty of qualified prospects slip away.

Conversion systems can range from a simple sign-up for your e-newsletter to offering a free report in exchange for their e-mail address. Just make sure you explain exactly what you want and what the visitor will get in return.

2. Establish regular, relevant communication with your customers.

• Create an E-newsletter: If you wait for your customers to contact you only when they need something, you run the risk of losing their business to competitors who are in front of them at the moment they are ready to make a purchase. As every business in the Agora group of companies has proven, an e-mail newsletter can be the backbone of a successful online business, because it keeps you in front of your customers on a regular basis.

Make the content timely, relevant, useful, and interesting to your customers, and your newsletter can build you a solid list of people who will listen when you have a product to offer.

• Always Send a Welcome/Confirmation E-mail: Whenever your customers or prospects transact with your business - by, for example, signing up for your newsletter or buying something - you should welcome and introduce them to your business and/or reassert the benefits of the product or service they just purchased. A confirmation e-mail confirms a transaction. ("Thank you for buying our widget.") A welcome e-mail goes one step further by establishing a more personal tone and reinforcing in the customer’s mind the fact that they just made a good decision.

Businesses that send confirmation and welcome e-mails in the first few days of a relationship with a new customer are consistently able to increase sales, the number of their future e-mails that are opened, and the number of links people click on inside those e-mails. Most companies do not take this important step - but smart companies turn these initial e-mails into sales and marketing opportunities. In effect, confirmation and welcome e-mails are a chance for you to place relevant sales messages in front of new customers at a time when they are most receptive to them.

I’ve seen companies convert 12 to 15 percent of new prospects into customers within the first week of a free e-mail newsletter subscription by using this technique.

3. Use your customers’ e-mail AND postal addresses.

What?! I’m telling online marketers to keep their customers’ postal addresses? Absolutely. Businesses that have - and utilize - both their customers’ e-mail and regular postal addresses as part of their marketing efforts report remarkable results. In most cases, revenues from those customers are between 8 and 12 times the revenues from customers that are communicated with only via e-mail or regular mail.

Effective online marketing pretty much mirrors classic direct-marketing. Only the channels through which you communicate have changed. The methods are identical in many ways.

4. Make it ultra-simple for people to order.

This may seem like a no-brainer, but many online businesses make it easy for people to place an order - but only if they do it online. You should make it easy for your customers to order any way they want to do it, not force them to place an order the way you prefer. That means giving them multiple choices - a phone number they can call, an address they can mail checks to, and an online credit card option.

5. Use search engine marketing.

Marketing through search engines has been, without a doubt, the single biggest growth factor for Agora companies over the last three years. There are two main types of search engine marketing:

• Setting up your website for "free" (also known as "organic") searches. The content you post on your website is automatically indexed by search engines in such a way that, when someone searches for keywords or phrases relevant to that content, your site (or pages within your site) will be displayed in the searcher’s results.
• Pay-per-click (PPC) campaigns, where you "purchase" online ads that include keywords and phrases people are likely to search for if they’re interested in the kind of thing you’re selling. But you pay only when they actually click on the ad and are brought to your site.

6. Involve experienced copywriters and marketers.

The Internet added many wondrous ways for us to make sales, but it did not, not, not change the way people tick or the things that motivate them to buy. Yet I see many online businesses run by techies or teams without an iota of experience in pre-Internet marketing.

Savvy online businesspeople realize that getting input from great marketers and copywriters with lots of offline experience can reap rewards online. Structuring your online marketing efforts by taking advantage of classic marketing principles will put you light-years ahead of your competition.

If you don’t want to hire an experienced marketer for your team, make sure you learn everything you can about direct marketing and copywriting. You can do this with ETR’sDirect Marketing Masters Edition, and with AWAI’s Accelerated Program for Six-Figure Copywriting.

7. Slow down to speed up.

As many as half of your customers probably still connect to the Internet using a dial-up modem. That is 100 times slower than most of the cable Internet connections available today - and it’s difficult for many website designers to understand how frustrating that is for your customers. They won’t hang around more than 15 to 20 seconds waiting for your site to load.

There are a couple of "modem emulators" on the Internet that demonstrate how slow surfing on a dial-up connection really is. (Search for "28k and 56k modem emulator" or "sloppy" on Google to find one.) Try one out - and then make sure your website, shopping cart, e-mail newsletter, and anything else you do online is reasonably quick for all your customers.

If you are just starting out in an online business, I recommend that you adopt as many of these strategies as possible from day one. If you have an online business, make sure they’re in place. And if you’ve already implemented each and every one of them, revisit them to make sure they are all as relevant, timely, and interesting to your customers today as they were when you first set them up.

[Ed. Note: Learn how to build your own Internet business at ETR's upcoming 5 Days in July Internet Conference. You'll walk in with nothing - no product, no marketing skills, no technical know-how - and you'll walk out with your own online business. If you even think you might be interested in this opportunity, you must sign-up for the 5 Days in July Conference today.]

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How Long Should Your Sales Copy Be, Part 2

By Bob Bly

Yesterday, I told you a little bit about a hot debate in the copywriting world: long vs. short sales copy. As I explained, you need to consider two important factors in order to determine whether long or short copy will work better for a particular promotion: (1) the degree to which the purchase is emotional, and (2) the amount of time, effort, and thought that the customer must put into making it.

But those are not the only factors to consider. You should also look at:

• Price. The more expensive a product is, the more copy you generally need to sell it. Lots of copy is needed to build the case for value before asking for the order.
• Purpose. Copy that sells the product directly off the printed page or screen (known as "one-step" copy) usually has to be long, because it must present all product information and overcome all objections. Copy designed to generate a lead ("two-step copy") can be short, since a catalog, brochure, or salesperson will have the opportunity to present product details and overcome objections later.
• Audience. People who are pressed for time, such as busy executives and professionals, often respond better to short copy. Prospects with more time on their hands (such as retirees) or those with a keen interest in your offer are more likely to read long copy.
• Importance. Products that people need (e.g., a refrigerator, a fax machine) can be sold with short copy because … well, the prospect has to buy them. Products that people want but don’t have to buy (e.g., exercise videos, self-help audio programs, financial newsletters) must be "sold" and require long copy to do so.
• Familiarity. Short copy works well with products the prospect is already familiar with and understands. This is why vouchers and double postcards are used so frequently to sell subscriptions to popular, well-known magazines.

The point is, long copy is not always better. There are many instances when short or almost no copy works well. That is the case with items that "sell themselves," such as staplers or garden hoses. But for items that have to be "sold" - life insurance policies, luxury automobiles, IT systems, collectibles, high-end jewelry, career training - long copy is almost always required.

[Ed. Note: Master copywriter and best-selling author Bob Bly is the editor of ETR's Direct Marketing Masters Edition. a program to help you start your own successful direct-mail business. Sign up for Bob's e-zine, The Direct Response Letter and get more than $100 in free bonuses.]

7 Ways to Impress Your Boss at Meetings

By Michael Masterson

It doesn’t take much to impress your boss when you are lucky enough to have his attention (more or less) for an entire meeting. Here are seven things you can do - seven things that would work on me - that will leave your boss thinking, "That kid is good!"

1. Arrive a few minutes early.
2. Bring a pad and pen and, if appropriate, a tape recorder.
3. Make frequent eye contact with him. Show that you are listening.
4. Do at least one thing - ask a question or make a comment - that proves you have spent some extra time thinking about the meeting’s main topics.
5. Answer questions promptly, energetically, and directly.
6. Don’t do anything distracting or work on anything not directly related to the meeting.
7. Follow up quickly - with an e-mail memo or phone call - that indicates (a) you are already working on the meeting’s problem, (b) you appreciate your boss’s contributions, and (c) you are positively motivated to achieve the objective.

Protect Your Aging Brain With Fish Fat

By Al Sears, MD

Two new studies published in the American Journal of Clinical Nutrition found that a diet high in omega-3 fatty acids can actually prevent "cognitive decline," a fancy term for losing the ability to understand and think clearly.

In one study, researchers looked at the diet and thinking ability of 210 healthy men who were 79 to 89 years old. Five years later, those men who ate fish regularly were mentally sharper than those who didn’t. And what nutrient does fish contain in abundance? That’s right - omega-3s.

In the other study, researchers found that those with high omega-3 blood levels had better verbal ability than those who didn’t. This means they could speak more easily and recall words, names, and phrases without difficulty. Plus, they were better able to keep track of what they and others were saying.

If that sounds too good to be true, well… it’s not. You can actually ramp up your brainpower through a simple change in diet. So eat lots of fish, but be careful. Most fish found in supermarkets and restaurants is farm-raised. The unnatural diets farm-raised fish rely on actually reduce the amount of omega-3s in their flesh. I wouldn’t recommend eating a lot of any fish that wasn’t wild-caught.

Another simple way to boost your omega-3 levels is to supplement with fish oil. The researchers behind the above two studies recommended 400 mgs per day for fish oil in capsule form. If you prefer straight fish oil, take about one tablespoon per day.

[Ed. Note: Dr. Sears is a practicing physician and a leading anti-aging authority. When supplementing with fish oil, purity is essential. If you're looking for a high-quality fish oil supplement, click HERE.]

It’s Fun to Know: About Cruise Ships

At 1,181 feet long, 213 feet tall, and 154 feet wide, Royal Caribbean’s new 5,400-passenger Genesis-class cruise ship will be the world’s largest when it is finished in 2009. The $1.2 billion price tag for the as yet unnamed ship didn’t stop the cruise line from recently ordering a second such ship from builder Aker Finnyards of Finland.

(Source: Wikipedia and Reuters)

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Word to the Wise: Janissary

A "Janissary" (JAN-uh-ser-ee) - often capitalized - was a member of an elite military unit of the Turkish army that guarded the Ottoman sultan and his household. The word has also come to mean a member of a group of highly loyal supporters.

Example (as used in a New Yorker review of The Reluctant Fundamentalist by Mohsin Hamid): "Only in the wake of the September 11th attacks, when America’s wrath turns toward his homeland, does he realize that he has become a latter-day janissary - akin to the children of defeated nations who, conscripted into the army of the enemy, ‘fought to erase their own civilizations.’"

[Ed. Note: Become a more persuasive writer and speaker ... build your self-confidence and intellect ... increase your attractiveness to others ... just by spending 10 VERY enjoyable minutes a day with ETR's new Words to the Wise CD Library.]

Michael Masterson
Copyright ETR, LLC, 2007

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