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Message #1897
Monday, November 27, 2006

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  • WEALTHY: Stocks that love economic slowdowns
  • HEALTHY: A natural treatment ... for violence?

  • WISE: Bob Dylan on success

ALSO IN THIS ISSUE:

  • Add "thrum" to your vocabulary

* Highly Recommended *

How to Write a Winning Sales Letter

Is it possible to go from a blank sheet of paper to a completed sales letter in 48 hours?  There's a good chance ... if you use what's called the Filet of Soul technique.

You start with the most successful promotion that your company (or your competitor) is running for a similar product. No, you don't steal the copy - you "filet" it, cutting down to it's backbone ... the "architecture" that makes it work.

Analyze the copy, section by section. What emotions does it evoke? How does each paragraph make you feel? Write it all down ... and that's it. You now have a rough outline for your own successful sales letter!

I discovered this technique in the "75 Secrets for Writing Winning Copy" report included with ETR's Direct Marketing University program. I keep it on my desk, right next to my computer, so it’s always handy whenever I need a fresh shot of inspiration.

- Charlie Byrne


Go on the Offensive With These Defensive Stocks

By Andrew Gordon

Consumer staples and utilities are the two traditional sectors to invest in when the economy heads south. But the BPO (business process outsourcing) sector has considerable upside ... and it loves economic slowdowns.

First of all, companies need to economize when their business slows along with the economy. Offloading some of their operations to second-party BPO providers saves them precious money.

BPO companies have also become very bottom-line oriented. Companies now turn to BPOs just as much to increase revenue (which is very hard to do in a slowing economy) as to cut costs.

Outsourcing's most dynamic subsector - offshore BPO - was $6 billion in 2005. And it's expected to grow to $43 billion by 2009, according to the Gartner Group (one of the biggest IT industry research firms). The best of these BPO providers are truly companies for all seasons.

[Ed. Note: Andrew Gordon has found a great BPO provider - and it's included in his portfolio for ETR's Wealth Advantage newsletter. In just two-and-a-half months, its shares have shot up 26 percent. Find out more about this company - and this sector - by clicking here.]


"A man is a success if he gets up in the morning and gets to bed at night, and in between he does what he wants to do."

- Bob Dylan

How to Turn Your Service Business Into an Info-Net Business

By Michael Masterson

"We were the best financial planners in Chicago," Jeff said, referring to the financial planning business he and his partners had during the mid 1980s. "The only trouble was, we were going broke."

I was talking to Jeff Paul and Jim Fleck (the co founders of Instant Profits Marketing Inc.) so I could learn more about them before this year's Info-Marketing Bootcamp. They're both knowledgeable, interesting guys. And they both have great success stories.

On Friday, I'll tell you all about Jeff's partner, Jim Fleck. Today, here's Jeff's story ...

When Jeff got into the financial planning business, he believed that if he focused on providing a good service, money would follow. But after seven years of struggling to grow, profits were falling. "I had a young family to support and I was worried," he told me. "I'd stay up late watching infomercials. I'd go to the library and read books about marketing, but they were full of the same academic stuff that my partners were already doing.

"Spending money on image advertising wasn't doing any good," he explained. "My partners enjoyed seeing their photos in the local newspapers or on the radio, but these efforts weren't bringing in new customers."

When Jeff came across a copy of The Robert Collier Letter Book, an out-of-print book that had been published in 1931, he thought the first sentence he read explained what he'd been doing wrong all along and what he needed to do to make his advertising work. Collier said that to attract new customers effectively, you "have to enter a conversation that a man is already having with himself in his own mind."

This is such an important truth about direct marketing that it bears stopping here and dwelling on it. Contrary to popular belief, successful marketers don't convince people to buy things they don't want. Rather, they figure out exactly what people are concerned about - what they are worrying about or yearning for - and then they figure out how to link their product to those worries and desires.

The Collier book was essentially a compendium of winning, direct-mail letters. Jeff selected the ones he believed he could adapt for his business and started using them. "These letters were completely different from anything we had done before," he told me. "Up to that point, we were using very standard, me-oriented copy (such as 'Why My Firm Is the Best in Chicago'). But now we began using emotionally charged, direct-response leads, such as '14 Secrets the IRS Doesn't Want You to Know.'"

By the middle of 1989, business was booming. Jeff and his partners were making more than $150,000 a month with the new ads. Soon they were one of the top-grossing independent financial planning firms in the Chicago area.

"Bolstered by what I had learned from Collier," Jeff said, "I continued to read everything I could get my hands on. One book that was very helpful was Gary Halbert's How to Make Maximum Money, in Minimum Time

"Even though we were making lots of money, my partners were sometimes uncomfortable with the strength of the copy. They wanted to go back to the old, ineffective advertisements. We talked about it, but could not reach an agreement. Finally, they bought out my shares of the business. Since I had two non-compete clauses with them, I began working as a consultant."

Jeff's job as a consultant was to teach other financial planners how to market their businesses. His first product was a 49-page book in a cheap plastic binder that he sold for $500. He invested $328 on a space ad in a financial planning journal and got 75 leads.

It was a good start, but Jeff didn't know what to do with it. He knew nothing about back-end marketing at the time. And his product was based "too much on hard work," he said. "Back then, I didn't realize what a dirty word work is."

Eventually, Jeff found himself $140,000 in debt. He lost his house and all his furniture. He had to move into his sister-in-law's house - a very embarrassing experience.

"This was definitely the low point of my professional career. But it was also a time to think about the mistakes I had made and try to imagine a better life," said Jeff. "I could have gone out and looked for a regular job as a financial planner or even as a marketer for financial planners, but I didn't want to do that."

He wasn't exactly sure what he wanted to do - so he sat himself down and made a "wish list" of all the things that were important to him in a job. He knew, for example, that he didn't want to put on a suit and a necktie every day. And he didn't want to battle traffic every morning just to spend eight or 10 hours sitting under fluorescent lighting. And he never wanted to miss another one of his kids' birthday parties or sporting events. (See Jeff's entire list in Message #1870.)

About this time - in 1991 - Jeff heard that Dan Kennedy, a marketing guru he'd been following, was having a seminar on starting home businesses. He had the notion that attending that seminar would be just the impetus he needed to get back to work.

He called Dan and told him that he desperately wanted to attend the seminar, but didn't have the $3,500 entrance fee.

If Jeff was hoping for a free pass or a significant discount, he didn't get it. Instead, Dan explained to him how he could scrounge up the money by tapping into all his credit cards.

"My wife thought I was foolish for doing it, but I knew that if I got there and put myself in front of Dan he would help me," said Jeff. "I took the chance and put myself $3,500 deeper in debt and made it to his seminar."

As it turned out, Jeff was right. "Dan was very impressed that I followed his advice. As a thank you, I guess, he made me a sort of poster child for his methodology. He explained to the audience that I had a business that was very close to working, and that if I followed his instructions I'd be making good money in a relatively short period of time."

Jeff did exactly what Dan suggested. He want back home and decided to expand his front-end product from a $500 49-page report titled "The Marketing Secret of a $250,000.00 Producer" to a substantial marketing program that he intended to sell for $700. He named the program "101 Secrets to Making a Six-Figure Income" - and in two days and two nights, he wrote a 16-page sales letter for it (even though it didn't yet exist).

"I sent the letter out, and a week later I had 20 orders. I was bringing in money ... but I didn't have a product."

He spent the next 10 days writing the program, chapter by chapter. Then he quickly "jotted off" a few bonus reports to "make the program more attractive." And he had a wedding videographer shoot a bonus video.

With the new program in place, Jeff went out and spent some of the $14,000 he'd taken in. "The first thing I bought was a $190 microwave," he said. "It was the proudest purchase I ever made."

The following month, November, he brought in $26,000. And in December, sales hit $49,000.

By June of 1992, the business was making $200,000 a month. Jeff was able to move his family out of his sister-in-law's house and into a new home that he purchased for $380,000.

Best of all, he installed his personal office in a room above the garage. "I get in there every morning in a T-shirt or pajamas. I don't wear a tie. I don't have a boss. And I make all my kids' birthday parties and ball games."

Based on the success he'd had with his marketing program for financial planners, Jeff created a similar product for real estate brokers. Dan Kennedy, who had been mentoring him, suggested he create a third product - a home-based business product, based on his own experience.

Trying to come up with a name, Jeff thought back to his first days of success. "I remembered how I would wake up early and dash downstairs to answer the phone, which was often a customer calling to place an order. Sometimes I'd have nothing on but my underwear - and when the phones were busy, I'd still be working in my underwear when my assistant arrived."

So that's how he got the title for his home-based business product: "How I Earn $4,000 a Day Sitting at My Kitchen Table in My Underwear."

The promotion was hugely successful. So successful, in fact, that Jeff was overwhelmed with business.

The moral of the story is, of course, that classic direct-marketing principles still work. That means pointing out the benefits in your product to your reader. It means making your copy more emotional, and targeting your prospect's core desires.

See how you can apply these ideals of direct marketing to your business. You could wind up becoming a multi-millionaire ... just like Jeff.

 [Ed. Note: At this year's Info-Marketing Bootcamp, Jeff Paul explained how his business, Instant Profits Marketing, works - and how you can imitate his success. We had the event professionally recorded ... so you can hear his entire presentation - as well as those of the many other info-marketing experts who were there. Find all the details HERE.]


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Before Wall Street Discovers the Stealth Market in Uranium

Thirty years ago, the biggest energy giants walked away from millions of acres of land with proven uranium reserves… land that wasn’t worth exploiting when prices hit rock bottom. But one company grabbed the best of that land for as little as $1 an acre.

Now, with the price of uranium skyrocketing, the value of those reserves has increased more than 1,300%... yet you can still purchase this company’s stock for pennies on the dollar.

But you’ve got to jump on this now before Wall Street discovers the stealth bull market in uranium. Once they do, this stock is going to POP. Get the full story here.


Fighting Crime With Fish Oil

By Jon Herring

Numerous studies have shown that a lack of omega-3s impairs cognitive function, fuels depression, and can even trigger aggression. That's the reason doctors at the National Institutes of Health (NIH) in Washington, D.C. are currently studying the effects of fish oil on convicts and violent offenders. And their preliminary results show a remarkable drop in violence when the prisoners are given a daily fish oil supplement.

This comes on the heels of a similar UK study, published in 2002. When young male prisoners who had been convicted of serious crimes were given fish oil supplements, they committed 37 percent fewer violent offenses and 26 percent fewer offenses overall while incarcerated. Those given placebos showed no change in their behavior. Even more telling is what happened after the study concluded. When the prisoners stopped taking their fish oil, their level of violence increased by the same amount as it had dropped.

I'm not saying you're going to turn into a vicious criminal if your diet is deficient in omega-3s - but you could be putting both your physical and mental health at risk. I frequently recommend taking fish oil for its tremendous cardiovascular benefits, and this affordable supplement also helps nourish and protect the brain. The brand I recommend is Carlson's. You can find it online or at just about any health food store.

(Reference: The Guardian)


Quick Tip: 4 Simple Rules for Using Commas

By Will Newman

Not sure when to use commas and when to leave them out? Here are four simplified rules to follow:

1. When in doubt, don't use a comma. Misplaced and misused commas cause more readability problems than leaving one out when it's supposed to be there.

Example: "This sentence and those like it should have two commas."

Even though there should (technically) be commas after "sentence" and "it," the flow of the sentence isn't hurt by leaving them out.

2. Use commas where you want the reader to pause and take a little breath.

Read the sentence in question out loud. Whenever you pause for a breath, put in a comma.

3. NEVER put a comma between the subject (the person or thing doing the action) and the verb (the action).

Wrong: "Protolife vitamins [subject], will make [verb] you strong."

Right: "Protolife vitamins will make you strong."

4. When in doubt, leave it out. (Okay, so I'm repeating myself with this last one - but it is THE most important rule of comma usage.)

[Ed. Note: Will Newman is the editor of AWAI's The Golden Thread
online newsletter - a free weekly alert loaded with writing and marketing secrets, tips, and insights.]


* Highly Recommended *

You Can Import Goods From Overseas For Pennies On the Dollar!

It may have been hard in the past for small entrepreneurs to import cheap products from countries like China, but things have drastically changed.

For example, In 1986, total trade between the United States and China was $7.9 billion. By 2005, this total has reached over $170 billion, making China the United States' third largest trading partner.

You can't believe how easy this is. With the right information, you just find products that cost a couple of dollars each and sell them for 1000%+ mark-ups by the thousands with your own Internet sites.

Please click here to read this urgent report.

- Patrick Coffey


Word to the Wise: Thrum

A "thrum" is a dull, monotonous sound.

Example (as used by Sarah Lyall in The New York Times: "Ensconced in the brownstone she uses as an office on a quet street in Hampstead, North London, far away from the thrum of Hollywood, [Emma Thompson] exudes glowing good looks but is about as unstarry as they come."

Michael Masterson
Copyright ETR, LLC, 2006


Have a Question for Michael Masterson?

Want to know the secrets to his success? Have a perplexing business problem? ETR welcomes your thoughts.

Email Michael at AskMichael@ETRfeedback.com.

Have an Idea to Share with ETR Readers?

Be sure to discuss your thoughts, problems, and opinions with other ETR readers on our Speak Out Forum at http://speakoutforum.com/forum/.


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