Business Models

How to evaluate business opportunities

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Last week, I read an article about Samuel Langhorne Clemens, alias Mark Twain. I found the article hard going but I forced myself to push on through. And boy am I glad I did.

Because towards the end, when summing up Twain’s life, the author of the article wrote about all the time Twain spent not-writing, and instead investing in and losing money on various hare-brained business opportunities. Says the article:

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Why did a talent like Twain waste so much time on extraliterary pursuits? The question assumes a distinction he scarcely countenanced between writing and other forms of commercial activity. If there is a constant in his life, it’s his labored obsession with labor-saving. He poured his earnings into schemes meant to spin off money like a perpetual-motion machine.

===

That phrase, “labored obsession with labor-saving,” really got to me. It hit home.

So one possible conclusion to this email would be to say that the constant human drive for “labor-saving,” for “almost passive income,” for business opportunities, is what keeps so many people broke, stressed, and working too hard.

Reasonable conclusion.

And yet, business opportunities do exist.

I got into copywriting 10+ years ago because getting paid thousands of dollars to write a sales letter sounded pretty good. And it turned out to be pretty good.

Working on commission with clients and getting paid a share of their profits sounded even better. So I started doing that. It turned out to be even better that straight-up copywriting.

Creating a course that people had already paid for and that I could keep selling sounded still better than working on commission with clients. It turned out to be exactly that way.

So, how do you evaluate possible business opportunities? How do you decide that something is worth diving into? How do you avoid wasting your time, money, and self-respect?

I thought about it. I came up with three questions to ask myself, which maybe you can ask yourself as well:

1. “Is this a 5-month plan or are you ok if it turns into a 5-year plan?”

For example, I hate the very idea of checking charts doing “technical analysis” or trading stocks or other financial vapor. I might be able to force myself to do it for 5 months. There’s no way I could do it for 5 years without throwing myself under a fast-moving train. But the chances that I would be so successful with trading in 5 months’ time that I never have to do it again are nil. Therefore trading, profitable bizopp though it might be, is out for me.

2. “Are you building up some kind of asset regardless?”

I recently thought of running ads to promote affiliate offers. Solid business opportunity, if you have good offers to promote, a good source of traffic, and copywriting skills to bridge the gap.

But what if it still doesn’t work? I have then just spent time and money to run ads to somebody else’s offer, without making money.

The solution in my mind is simple – get those people on a list first before sending them to the affiliate offer. For one, it increase the chances they will buy the affiliate offer in time. But more than that, it turns a black/white business opportunity into a gradually growing asset (an email list) that has value on its own, regardless of whether the direct business opportunity pans out.

3. “What happens if the opportunity disappears?”

I currently have a community on Skool. I was even thinking of starting another one. A lot of people are doing the same. After all, Skool already has a lot of users, plus they make it easy in some ways to run a group in a profitable way.

But what happens when Skool becomes a dumpster fire like Facebook? Or when it shuts down like Clubhouse? Or when it introduces new rules that specifically say, “no Bejakos,” like the r/copywriting subreddit already did?

In that case, I also have the email addresses of everyone in my community. I can simply send them an email and tell them that the community has been moved to a different URL. It would be an inconvenience, but not any kind of failure.

And with that, I have a hot new business opportunity to tell you about, specifically a bridge to sell you.

Well not really. Not even figuratively. All I have is my $4.99 new 10 Commandments book.

The underlying business opportunity there is more effective communication skills.

I don’t know if you’re ok with “more effective communication skills” as a 5-year business plan.

But if you are, it’s an asset that’s only going to build on itself, and one that will never disappear, as long as there are humans and as long as there is business. If you’d like to start investing now:

https://bejakovic.com/new10commandments

Do not create a course and do not build an audience

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Yesterday, a friend texted me with a screenshot of an Instagram account of a duo of “Instagram & social media experts.”

“Do you know them?” my friend asked. “They create a course on how to create digital courses and sell them.”

I groaned and replied that I had never heard of these particular experts.

My friend was not happy with that response. She called me up right away. She explained how she was just on a webinar for this course and how it sounds like a good deal. It’s not so expensive (only 500 GBP), plus they really walk you through the whole thing, plus you can license their course and resell it.

“And they live in Bali!” my friend said, like it’s a proof element, rather than a red flag.

Fortunately, my friend lives in London and knows a million and one successful, accomplished, and rich people.

“There’s this nutritionist I know,” she said. “She has a lot of work but it’s all one-on-one. She actually asked me if I wanted to be her business partner, and do something online. Maybe I could create a course with her teaching what she knows?”

Finally a bit of sense in this conversation.

I’m gonna tell you what I told my friend, my best advice for how to launch an info biz for someone like her.

I’ll tell you this because it equally applies to someone like me or maybe you, if you are already somewhat established in a niche but thinking of doing something entirely new. Here’s what I told my friend:

1. If you really want to do this, then partner with the nutritionist woman. She’s the expert and she already has clients. That means she has knowledge and case studies. She can deliver the actual information and service. You can focus on the marketing and business stuff.

2. Do not create a course. A course takes between 6 weeks and 6 years to complete, and if you’re just getting started, odds are that it will be on the 6 years side.

3. Instead, create a live training based on information the nutritionist’s clients are already paying for. A live training is a very forgiving format to deliver information, and it has high perceived value. You can do it next week since the woman already knows the material, and you can run it with minimal infrastructure (Zoom and a clean t-shirt will do, pants not required). Plus, you can charge a good amount right out the gate because of the live, personalized feel.

4. Do not build an audience. An audience takes between 6 weeks and 6 years to build, and if you’re just getting started, odds are that it will be on the 6 years side.

5. Instead, reach out to people you know more or less personally, and ask them if they want to sign up to your training. (Like I said, my friend knows a lot of people socially in London, and from previous places she’s lived, jobs she’s worked at, schools she’s attended. Plus the nutritionist has her past clients list and her entire professional network. If, by a bit of social media posting and a few texts and DMs, they cannot get 10 women to sign up for their training, then the problem is with the training, and no amount of audience will fix that.)

6. Once you run that live training, you can run it again, each month, and for more money. Or you can polish it up and turn it into a course, except now it’s more likely to take 6 weeks than 6 years to complete.

I normally wouldn’t plop down a bowl of steaming how-to porridge right in front of you like this. It’s not good manners.

But this is a big weekend for me. I have a book to publish, an optin funnel to create (I bought a newsletter ad that’s due to run tomorrow, unrelated to the book), a lead magnet to write for that funnel, a gym to go to, and forced socializing to do (ahem, read the new book for that).

That also means I have nothing to promote to you today.

I prefer to build up your eagerness for my new book which will be published… imminently. I’ll have more information on that soon.

But if you absolutely need something to do with the energy that’s built up by reading this email, then go and implement the plan I’ve listed above.

Or if you already have a working business and you don’t want to get distracted, then forward my email to a competitor with a note that says, “Thought you might like this.” Maybe they will get distracted and go build a new info product business and move to Bali and stop competing with you. And if that happens, you can thank me by buying a copy of my new book.

Announcing: 1% Writer

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Today I’d like to clue you in on a new offer called 1% Writer.

It’s not my offer.

I’m not even an affiliate.

It’s Kieran Drew’s new offer to go along with his upcoming birthday.

I asked Kieran recently if he’d be one of the people to read my new 10 Commandments book and give me feedback. He turned me down because he was busy putting this new course together.

But Kieran made me a deal, which was that he’d promote my new 10 Commandments book to his audience when I do publish it.

In turn, I said I’d gladly promote his 1% Writer to my audience.

The thing is, I haven’t seen, read, or profited from 1% Writer myself. (It’s a live cohort course, delivered by email, which will kick off next week, May 8.)

I’m still happy to promote 1% Writer to you, for the following two reasons:

Reason #1 is Kieran himself.

In case you don’t know the guy, he has a huge audience (something like 250,000 people across various platforms), and he’s made a huge amount of money in a few years’ time by selling stuff to that audience (north of $1.2 million).

Kieran’s done it all with nothing but his little typing fingers.

Clearly, he knows a thing, two, or maybe even three about how to succeed online by just writing.

What’s more, he’s directly coached a bunch of other people who have gone from zero to hero in that space, so he knows how to pass his knowledge on to others.

I’ll also say I read Kieran’s newsletter myself, when I’ve largely started to ignore most of the other people I used to follow online.

Add it all up and the sum is that I know, respect, and endorse Kieran for what he does in general.

Reason #2 I’m happy to promote 1% Writer is that it costs a whopping $33, or $1 a day. (The course lasts for 33 days, since Kieran is turning 33, and apparently there’s a mathematical connection between the two facts.)

What do you get for $33?

Says Kieran, this course has his best advice, compressed down into 33 lessons, about how to grow your audience, build authority, and turn your ideas into income.

He also says it’s the highest value-to-dollar ratio product he’s made.

I’ve happily promoted Kieran’s high-ticket courses in the past, and I’ve seen the thought and care and value he’s put into those offers.

If he says 1% Writer is the highest value-to-dollar product he’s made, I believe him. That takes nothing away from his high-ticket offers, but it does make 1% Writer an attractive offer, and one to consider seriously.

Of course, you make the final decision. To help you do that, you can find out the full details about 1% Writer, including that May 7 deadline, on the page below:

​https://1pw.kierandrew.com/

The day after

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Yesterday around 1pm, I finished writing my Daily Email Habit puzzle and was about to upload it to Kit. But my Internet had stopped working. The odd thing was I checked my phone, and not just the wifi was down, but it looked like the cellular network, too.

I shrugged and went to take a nap because… I live in Spain.

I woke up twenty minutes later. The Internet was still down. I looked inside the fridge to see if there was anything interesting happening there. It was dark. Aha. The power was out.

I opened the the circuit breaker box — all the circuit breakers were fine. I opened the front door of my apartment. The hallway outside was dark except for the emergency light.

Ok. So the power is out in the entire building. There was a notice a few days ago about some utilities work being done, maybe this was it.

I decided to go to the gym, because there was nothing else to do. The elevator wasn’t working so I took the stairs. On my way down, I passed a couple with a baby who were climbing up. The woman was carrying the baby, while the guy, panting, was carrying the stroller. Lucky for them, they live on just the second floor (the building has 12).

As I stepped out into the sunshine, I saw a bunch of people standing around on the street and talking. All stores, restaurants, and banks were dark and empty. I guess the was power out everywhere in my neighborhood?

I passed by a local brunch place. The waitress was explaining to the guests, “It’s everywhere! My boyfriend in Madrid says it, there’s no connection anywhere.”

I got to the gym, which was dark, silent, and full of people. I did my workout among suppressed grunts and increasingly stifling air (the AC wasn’t working).

I heard one of the trainers explain to somebody that this power outage is happening “en toda España.” Somebody else said Portugal too. Others were saying it’s in France and Italy as well (turned out to be exaggerations).

I walked back home. Drivers were carefully stopping at every zebra and intersection because the stoplights weren’t working either.

The streets were packed with people. Neither the metros nor trams were running. The whole city seemed to be either standing on the streets or walking home because no work could be done. An alarming number of women were sitting on park benches and reading books.

Convenience stores were the only thing that was somewhat open. Each one had a queue of people waiting at the front door. The store owners were letting in people one by one to do basic shopping if they could pay in cash.

As tends to happen, the sun started to set. I went for a walk and saw firefighters in front of a pharmacy beating down the rolling security shutter. It must run on electricity. I guess the firefighters were trying to close it by force for the pharmacists, to prevent a breakin at night.

I stood on my balcony as night fell. I was looking forward to seeing the city in total darkness for once. But it wasn’t to happen.

It turned out some buildings still had electricity — the fire station next door, various hotels, an entire neighborhood off on the hillside.

Still, Avinguda Diagonal, the main artery next to my house, was almost entirely dark. So was my little street. My own apartment was even darker.

I made a salad for dinner — the only food I had left in the house that didn’t require a stove to prepare. I had to move the cutting board to the window because the counter where I normally work was so dark I was afraid I would chop off a finger tip while slicing the cherry tomatoes.

By around 9:30pm, my apartment was like a cave. There was no Internet and I had switched off my phone earlier to conserve the battery. I lay on the couch and turned on the backlight on my Kindle to read in darkness.

Around 10pm, I heard cheering and clapping outside. A neighboring block had gotten its power back. But my block and most other blocks around me were still in the dark.

I went to bed around 10:30pm, feeling exhausted. I guess following the natural light cycle does that to you.

And then, some time during the night, I’m guessing around 2am, I woke up to loud beeping. My fridge was back and it was helpfully signalling that the temperature of the freezer was dangerously high.

All that’s to say, as of this morning, everything’s normal once again, and without even an interruption in my daily email cadence.

I have to admit I was actually looking forward to the possibility of a continuing power outage, and to having a proper, unavoidable excuse to not writing my daily email today. What would that be like? I’ve been writing a daily email for years now, every day, without fail. I was excited by the prospect of change. That’s something for me to think about.

Meanwhile, I can tell you that the curious day yesterday reminded me of a curious book I’d read two years ago. In fact, this book was the first book of my year-long Insights & More Book Club, which brought together a few of my readers specifically to read books that offered a mind-bending new perspective.

The first book of the book club fit the bill.

Even though the book is 100 years old, it was written in a particularly interesting and influential style, which I think can be relevant for anyone writing online today.

It also did lead me to moment of real insight, a perspective shift, which sticks with me to this day. I mean, even to yesterday, when I was really thinking about it.

If you’re curious, you can find the book, or maybe even read it yourself, at the following convenient link:

https://bejakovic.com/masses

Ronin case study: What break-even marketing funnels really look like

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Yesterday I wrote that inside the Royalty Ronin community, which I’m promoting these days, there are 300+ success stories.

Today, I decided to leaf through some of them.

I found one from 11 days ago that got me juiced, so I want to share it with you.

The case study runs for 8 pages in a Google doc. I won’t retell the whole thing. Here, with all the dogmatism of brevity, are 9 highlights from this case study:

1. A business owner is running $1k a day in ads, and is breaking even on day 0. Great, right?

2. Not so great. Cash flow is tiiiight. The business owner is juggling money between accounts. Any sudden new expense could sink the business. Business owner says:

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Over the last six months though, we significantly depleted our cash reserves [dialing in the sales funnel to break even], and we were at the stage where it’s like, every dollar we spend on advertising was like having our back against the wall with no buffer. If I mess this up, I stop buying ads for a while.

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3. A Ronin knocks on the business owner’s door and makes a Ronin proposition*:

“Let me make you look good to your audience, do all the work, and maybe make you some money. If I make you money, you can give me a cut.”

4. Business owner agrees. “There was no real downside for me,” he says later. “Like, if it didn’t work, it didn’t work.”

5. Ronin creates a new $1k offer* out of the business owner’s existing assets. Business owner says about it:

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And you came up with this offer, which was the same offer I sell for $200 with a couple of extra bonuses, bundled in with a couple of other things, and an onboarding call.

It’s more than our low ticket offer, but not much more.

And you’re selling it for $1,000.

I looked at this $1,000 offer you came up with, and thought, Wow, that’s a great deal.

But it’s the same thing we sell for $200. But it was $1,000. But it still sounded like a great deal because you’re good at creating blockbuster offers.

===

6. Ronin writes copy for emails* and FB posts* (I’m guessing again repurposing existing content). There are no sales calls* for the business owners to handler, even though it’s a $1k offer. There’s no sales page* either. All the sales are handled by the Ronin via email* and DMs*.

7. 9-day email promo*. 49 sales at $1k. $49k in revenue.

8. The $49k in revenue is split between the business owner and the Ronin, negotiated the easy way*.

9. Business owner says at the end:

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The result was magic. That is a whole month’s worth of revenue in a week.

Can we do it again? And how quickly can we do it again? If we can do this again in three months, I’m right on with it. It was a great experience right the way through.

This has been one of the easiest, best, and smoothest business transactions.

I never knew [Ronin] before this offer but I have a lot of respect for the man.

I wish him the best and would love for him to get a lot of business out of it because he’s done the right thing for us.

===

If you wanna read the full details of this case study, you can find it inside the Royalty Ronin Skool group. Just search for “[Case Study] The One That Started It All (BEAMER).”

And if you want to do something similar, either in your own business, or for a partner, including one who doesn’t even know you today, then:

All the bits above I marked by * are things that are taught inside Royalty Ronin…

… both inside the actual community via case studies like these…

… and also inside the bonus trainings offered, such as Phoneless Sales Machine (no sales calls or even sales pages for big-ticket sales)… BEAMER (finding and negotiating partnerships like above)… Big Ticket Email Mojo (err, about emails and promos for big-ticket sales)… and Passive Cash Flow Mojo (for coming up with great offers).

That’s where the Ronin above learned these skills.

That’s where you too can learn them, and apply them, and help other people with them, and make money for yourself as well.

If you’d like to get started today, Royalty Ronin has a free one-week trial, which you can take advantage of here:

​https://bejakovic.com/ronin​

P.S. If you’ve already signed up for a trial of Royalty Ronin via my link above, forward me the welcome email — the one with “Vroom” in the subject line.

I have a small but growing bundle of bonuses, including my Heart of Hearts and my Inspiration & Engagement trainings, which are waiting for you as a way of saying thanks for taking me up on my recommendation.

It can’t go on for long like this

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I once took a class on “health economics,” which is just what it sounds like.

One thing that’s stuck with me from those lectures is how back in the 1980s, the best and brightest political scientists in the West had no clue that the Soviet Union was about to collapse.

The only guy who was confidently predicting the imminent collapse of the Soviet Union was some low-profile economist who was looking at the rates of alcoholism and alcohol-related deaths in the USSR.

I don’t remember the exact numbers, but they were sky-high. A major part of the Soviet working-age population was either chronically drunk, sick from drinking, or dying from drinking.

It couldn’t go on for long like this, that economist predicted. And sure enough, it didn’t.

I thought of this a couple days ago while forcing myself to read an article about the U.S. Army’s recruiting shortfalls.

The U.S. Army’s recruiting woes are not a topic that I am personally interested in, but I’m glad I read the article. Among many other interesting things, it taught me the following:

“According to a Pentagon study, more than three-quarters of Americans between the ages of seventeen and twenty-four are ineligible, because they are over-weight, unable to pass the aptitude test, afflicted by physical or mental-health issues, or disqualified by such factors as a criminal record.”

I wanted to get a baseline.

A bit of perplexitying told me that during World War II, “nearly half” of men were deemed ineligible to serve in the army… during the Vietnam war, that had risen to “more than half” (though many eligible men were exempted for being in college)… by 2017, the number of ineligible men and women, ages 17 to 24, had reached 71%. In the most recent study, in 2022, that number had gone up to 77%.

In other words, in the span of about 50 years, the share of the “ineligible” has gone up by more than 50%… and the share of U.S. citizens, in the prime of life, who are not significantly compromised by health, mental, or behavioral issues, is now barely 1 in 5.

I don’t know what the future of the U.S. is. But the trend certainly isn’t good. It can’t go on for long like this.

Now that I’ve dug a six-foot-deep hole for myself so far in this email, let’s see if I can clamber out.

One idea I’ve personally found very inspiring over the years comes from Dan Kennedy.

I only know this idea as it was retold by Ben Settle in one of Ben’s emails. In fact, it was this email that got me to sign up to Ben’s paid newsletter.

The idea is the “myth of security.” Because, says Dan, there is no such thing as security. Not really, not if you look close.

There’s no security in the money or investments you already have in the bank… in the job that you have now… in the business that you might own… in the current method you have of getting customers or clients… even in your personal relationships, your community, or even your nation (or your nation’s army).

All of that can disappear, from today to tomorrow, or from this year to next year. It’s happened before, and it can happen again.

The only security you have? According to Dan, it’s only in your ‘ability to produce.’ In a few more of Dan’s words:

“… you had better sustain a very, very serious commitment to maintaining, improving, enhancing and strengthening your own ‘ability to produce’, because, in truth, it is all you’ve got and all you will ever have. Anything and everything else you see around you, you acquire and accumulate, you invest in, you trust in, can disappear in the blink of an eye.”

Another valuable idea I’ve learned, this from “Sovereign Man” Simon Black, is that of a Plan B. A Plan B is a plan that works in case things go bad… and that also works and brings in value even if things stay as they are.

Dan Kennedy’s idea of a very serious commitment to your “ability to produce” falls into this Plan B category.

I don’t know what you can produce.

I’ve personally decided to focus on producing effective communication — on putting together words that can motivate, influence, and guide others, and getting better at doing that, day after day.

I figure if nothing ever changes, and things stay exactly as they are, those will be very valuable skills to have.

On the other hand, if things change drastically tomorrow, those will still be valuable skills to have — and they may prove to be the only things that still have value.

If you’d like my help and guidance in developing your own ability to produce, starting today, so you can be prepared for tomorrow:

https://bejakovic.com/deh

The largest copywriter in the Netherlands gives me his endorsement

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Comes a message from Robin Timmers, whose website bills him as the “grootste copywriter van Nederland.”

Google informs me that, translated from Dutch, this works out to “the largest copywriter in the Netherlands.”

I guess a more elegant translation might be, “the greatest copywriter in the Netherlands.” Though as Robin told me, the tagline is meant to be ambiguous, since he stands over 2 meters tall.

Anyways, Robin writes:

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Hey John,

Just finished MVE and am now halfway with SME.

Man … MVE is so simple, so easy-ish to implement, but such a strong concept and format.

Awesome course, awesome idea.

Same for SME.

Really simple, really powerful and easy to implement, and model with your own ideas.

I’m very happy with both courses, and can’t wait to start with Copy Riddles.

===

In case you don’t know… MVE is my course Most Valuable Email. SME is my course Simple Money Emails.

You might not know that because I haven’t promoted either course in a few months, ever since I started selling my Daily Email Habit service.

I find my enthusiasm for promoting those courses has dipped.

In part, it’s because Daily Email Habit is not just a daily prompt to write an email… but a distillation of the best ideas in both SME and MVE, as well as ideas I don’t have in either of those courses, particularly around building up status and authority.

And Daily Email Habit presents all this to you as an easy and manageable drip-drip of information, in your inbox, every day… rather than as a course, one which you may go through once or maybe not even once, which then sits behind some forgotten login or in some folder you never check.

But much more important:

Unlike those two course of mine — or any other courses, by me or anybody else — Daily Email Habit is really built around the idea of daily, practical, real-world implementation, rather than simply passive consumption of information.

Because even things that are easy-ish to implement, like Robin says the MVE trick is, tend not to get implemented, not without a lot of stubborn nudging and reminders from the outside.

That’s what Daily Email Habit is for. If you’d like to find out more about this “grootste e-mailservice”:

https://bejakovic.com/deh

Looking to get a little off the coaching ship?

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In response to my email yesterday, a reader and former coaching client (not sure he wants me to share his name) wrote in to say:

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Hey John,

Hope all is well.

Good news – having a daughter by end of the month 😊

This sets an exciting challenge for me to dive further into low ticket product sales, ascension, repeat customers rather than clients.

So I can get a little off the coaching ship and buy back time.

===

The good news is if you are a coach, and you actually have clients you work with, then you are one lucky skunk.

That’s because coaches have personal contact with their best customers/clients, and the chance to really listen and ask a ton of questions — even very probing stuff.

A coach can get insights into what sucks for his or her prospects now… what they are really after… what they’ve tried before that didn’t work… what possible solutions would be unacceptable to them on religious, political, or dietary grounds.

All this info can go into the meat mincer, out of which comes a beautiful and shiny new offer-sausage that people actually want to buy.

That’s the high-level picture. I have much more to say about the specifics. But about that:

As I’ve been writing in my past couple emails, last year I came up with a new system for myself to help me get more predictable success with new offers.

I applied this system when I had the idea for my Daily Email Habit service. It worked great.

So far, I have only shared my system with the people inside my Daily Email House community.

This month, I will make this system available a bit more widely. I’ll be sharing it with a few people on my list, if I think it can actually be useful to them.

I will make you a deal right now:

If you’re looking to get a little off the coaching ship, then hit reply and tell me a bit about who you are and what you do. In turn, I will add you to a private announcement list, so you have the opportunity to get my system when I release it later this month.

A cautionary tale for course creators

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For five years, David Perell had kind of a dream online business.

Perell sold a high-ticket, cohort-based course, Write Of Passage, teaching people how to write online.

Write Of Passage sold for $4k a pop. It had 2,000+ buyers.

Like I said, a kind of dream business, at least in the little space of online course creators and such.

I mean, Perell was writing and helping people to do something positive for themselves. He was working in line with his own values and interests. And he was pulling in great money with it.

And then, last November, Perell shut it all down. In an email announcing that the current cohort of Write Of Passage would be the last one, Perell wrote:

“You need more than a great product to make a business work, and the main thing we were missing was a dependable flow of new students.”

I agree with Perell’s first conclusion. I don’t agree with the second.

You do need more than a great product to make a business work. Particularly if your product sells for a one-time fee (even if that’s $4k), and if you have a whole supporting team of coaches and facilitators and staff and whatever, and you’re running ads or paying affiliates to get those $4k sales.

But I don’t agree that the solution needs to be MORE NEW STUDENTS.

I’ve been making a 6-fig income off this newsletter for the past few years, off of just a few hundred buyers, way fewer than Perell’s 2k. I’ve even embraced this attitude formally. My goal is to make more sales from the same number of readers.

It’s a well-known direct marketing truth that all the profits are made on the back end.

It does take more than a great product to make a business work. But instead of chasing the mythical “dependable flow” of new students… you can just commit to creating a sequence of great new offers. (An offer by the way, doesn’t require creating a new product, though a new product will typically make you a new offer.)

Now about that:

As I wrote in my last email, last year, right around the time that Perell was shutting down his multimillion-dollar dream biz, I came up with a new system for myself to help me get more predictable success with new offers.

I applied this system when I had the idea for my Daily Email Habit service. It worked great.

So far, I have only shared my system with the people inside my Daily Email House community.

This month, I will make this system available a bit more widely. I’ll be sharing it with a few people on my list, if I think it can actually be useful to them.

I will make you a deal right now:

If more predictable success with new offers is something that could be useful to you, then hit reply and tell me a bit about your current offer situation. In turn, I will add you to a private announcement list, so you have the opportunity to get my system when I release it later this month.

More predictable success with new offers

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My first info product was called Salary Negotiation Blueprint. I created in 2012 after reading Gary Halbert’s Boron Letters.

Gary says something like, pick a problem, read a 3-4 good books on it, summarize the books, create your own super-dense guide packed with the best info, and then sell that at a premium.

So that’s what I did.

I picked salary negotiation because I was in an IT office job at the time, and the topic was a bit of a taboo to me, and personally fascinating.

It took me a few months to identify the right books, read them, summarize my notes, write my own little guide, and create a sales letter (maybe my first).

And once I launched The Salary Negotiation Blueprint on Clickbank, the result was…

Nothing.

Zero sales.

I later lowered the price. Nothing. I tried moving the Salary Negotiation Blueprint to Amazon Kindle. It didn’t sell there either. At some point I even ran ads to it via Adwords. Still nobody would buy the damn thing.

I recently checked the Google Drive folder where I kept all the work for this project.

There’s a spreadsheet of possible newsletter topics, a backlog of tasks to complete, and a subfolder of possible bonus ideas. Plus a half-dozen other files, probably totaling thousands of words of preparation, analysis, and plans,

In other words, I did all this work, spent all this time, created all sorts of busy work. The result was a very useful, well written, information-packed guide that nobody in the universe would pay me even a bit of money for.

I’m telling you this because it’s not the only time it’s happened to me.

The same thing has happened many times since — probably dozens of times.

Fortunately, I’ve also had a few random successes along the way, which kept me going, and some of which made me good money.

But last year, I finally got a bit fed up with having a “few random successes.”

So I developed a system.

This system is based on stuff that had done instinctively but inconsistently before… stuff I had learned from other good business owners and marketers… and on common sense which I too uncommonly applied.

I put my system to use when creating my Daily Email Habit service. It worked out really well.

That’s why I am now forcing myself to keep using this system for each new offer I think of creating, though the temptation remains strong to simply wing it once more, and have the thrill and rush of instant activity, followed by the dump and crash that comes when results roll in, or rather, don’t.

So far, I have only shared my system with the people inside my Daily Email House community.

This month, I will make this system available a bit more widely. I’ll be sharing it with a few people on my list, if I think it can actually be useful to them.

I will make you a deal right now:

If more predictable success with new offers is something that could be useful to you, then hit reply and tell me a bit about your current offer situation. In turn, I will add you to a private announcement list, so you have the opportunity to get my system when I release it later this month.