Business Ideas

“The best cold email ever”

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I hate cold emailing at scale, but here’s an idea that works even if you don’t cold email at scale:

Back in 2017, a company called Ramp sent out 50k cold emails.

They were pitching their “print you a custom tshirt” service to 50k small businesses.

The results of this campaign, according to the Ramp blog:

Open rate: 50%

Click through rate: 25% and above

Total revenue: “Tens of thousands of pounds, dollars and euros!” … which sounds actually kind of miserable, but maybe that’s what you get for printing custom tshirts as a business.

If the revenue numbers don’t turn you off too badly, then here’s the cold email that Ramp sen—

Actually, the copy in the email was pretty irrelevant.

The big idea, “the scheme behind it,” was what mattered.

And the scheme behind it was to include an image in the email, featuring Ramp’s CEO, smiling and wearing a custom tshirt that had the logo of the recepient’s company printed on it.

(As you might suspect, it wasn’t really a real tshirt with a custom logo printed on it. It was just a bit of automated photoshopping magic, but it looked perfectly real.)

Along with the “tens of thousands” in revenue, this email got tons of engagement, positive replies, and free publicity for Ramp as recipients tweeted their custom thsirt images and called Ramp’s campaign “best cold email ever.”

So.

It worked for Ramp.

It can work for you too, even if you don’t print custom tshirts as a business, and even if you’re not trying to cold email 50k or so strangers.

Maybe it’s obvious enough what the underlying psychology here is, what principle made Ramp’s cold email a success.

If so, you can run with it and use it to open up new conversations that can lead to deals and business partnerships.

If it’s not 100% clear, or you simply want me to go into the topic in more detail, then I have a little guide on this that I prepared and sold only once before, last year, called Secret of the Magi.

Secret of The Magi covers just one thing — the biggest lesson I’ve learned about opening up conversations that can lead to business partnerships.

The “secret” inside this guide is simple, but very versatile, and most importantly, it gets results. If you want to find out what it is, you can get it below:

https://bejakovic.com/secret-of-the-magi

If you wanna meet interesting people… charge them

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A while back, read an interesting article by a guy named Phil Eaton.

Eaton is a software developer who also runs a popular blog. He started blogging in 2017, in part with the goal of meeting cool, likeminded people.

Even after his blog and Twitter account took off, and although he made his email publicly available, Eaton found nobody ever reached out to him to talk.

So he got devious. He announced he is now charging $100 for people to talk to him.

Result?

You most likely guessed it. Suddenly there were lots of people, each willing to pay $100, and getting on a call with him.

Eaton’s goal was to connect, and he ended up doing so — with VCs, university professors, and startup founders.

He gave away the money to a charity, and made it publicly known that he is doing so.

The fact was doing this for entirely nice guy reasons made him willing to be much more pushy and promotional about his “$100 to talk to me” offer than he might have been otherwise.

So if you too are trying to build up a network of interesting people, and nobody is responding, then put a price tag on it and watch what happens.

“Yea all right,” I hear you say. “I guess that’s kind of interesting. But my time is valuable, my life is short, and I don’t want to simply open up my calendar to strangers for $100.”

Fine. then here’s a variant that I myself can recommend based on personal experience:

Rather than allowing anybody to pay to talk to you, talk to people who have already paid you. Or at least some of them.

I have a habit — not so strict, and I gotta be more diligent with it — of reaching out to people who have bought offers I’ve made.

I set aside an hour of time, usually on Sundays, to talk to one such person each week.

This has resulted in marketing insights, obviously, but it’s also connected me with some smart, successful, and surprising people — people I never would have guessed to be buying my offers, for reasons I never would have guessed.

In turn, I always make it clear that I’m happy to answer questions, give feeedback and my opinion, or generally offer help, within reason, to make the call worthwhile for the other person as well.

I happen to know that some people have taken the advice I’ve given and run with it to implement in their offers or in their client-getting efforts.

So do you wanna talk to me? Or connect with me? Or get my input or help?

No promises, but your best bet is to take me up on one of my offers.

For example, my most popular course, Simple Money Emails, which shows you how to write simple emails, like this one, to make sales today and readers reading tomorrow. For more info on Simple Money Emails:

https://bejakovic.com/sme/

The (yes, THE) secret of storytelling

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A-list copywriter Parris Lampropoulos likes to tell the story of how he became a copywriter. I’ve heard him tell this story multiple times, mostly online, and once in real life as well.

I forget the details of how it all goes, but there’s one detail that I never forget.

At one point, Parris was working at a real estate office, and the office manager at the time, in a fit of fury and impotence, punched his hand through a window.

And now comes the bit I always remember, which I’ve heard Parris repeat every time I’ve heard him tell this story:

There was a thin trail of blood on the floor, from the broken window to the elevator, as the manager walked out of the office, never to return again.

And that, in a snapshot, is THE secret of storytelling.

In a few more words, from an article I read about Irving Thalberg, a movie producer who was called the “Boy Wonder” of Hollywood, and who invented and popularized many Hollywood tropes that we now take for granted as elements of effective storytelling:

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The real reason for the enduring Thalberg myth has less to do with any of this than with that perennial idea, which fascinated [F. Scott Fitzgerald, who worked as a Hollywood screenwriter in the 1930s, and who wrote a novel with a fictionalized Thalberg as protagonist] as it does us, that there are secrets of storytelling, to which a few are privy.

Yet good Hollywood films have more or less a single story. Raise the stakes, place insuperable obstacles before the protagonist, have the protagonist somehow surmount them while becoming braver and better. What works for Dorothy works for Rocky. In truth, we may follow stories, but we respond to themes; the story is just the tonality in which those themes are played. […]

No one can recall the ins and outs of Salozzo’s drug scheme in “The Godfather,” but we remember Pacino’s face in closeup: we come for the story, stay for the sublimations.

===

I don’t really know what the guy behind this article is talking about when he talks about “themes” and “sublimations.”

I do know that few stories are memorable… that the structure of storytelling, hyped up as it is, is often irrelevant… and that what actually makes a story work is not the rags-to-riches, or riches-to-rags, or hero quest skeleton underneath… but a few dramatic and memorable snapshots:

The “kiss of death” that Michael Corleone gives his brother Fredo in the Godfather II; Rocky running up the stairs of the Philadelphia Museum of Art; the thin trail of blood from the broken window to the elevator.

So if it’s not the structure but the memorable snapshot that is the secret of storytelling… then how do you come up with memorable snapshots?

I hate to break it to you, but if that were a knowable secret, then every Hollywood movie would be a forever-beloved blockbuster. Which is clearly not the case.

The best you can do is to come up with the best snapshots you can, and then to test them out on your audience. See if the audience oohs and aahs, if they feed you back the same snapshot days and weeks and months later, and if they come back for more. Then double down on what works, and discard the rest.

And since I gotta sell you something, let me tie this into the topic of writing daily emails, because daily emails make for a particularly easy and fertile way to test out new ideas and ways of presenting those ideas to an audience.

I’ve written books and created courses that people buy and enjoy and then come back for more of. One secret of how I make such info products is that I repurpose my daily emails, or rather, the emails that worked — ideas and snapshots that I field-tested on my audience, and that I got positive feedback on.

If you want to start writing daily emails of your own, and if you want a field-tested guide for how to do that well:

https://bejakovic.com/sme/

Amazon or your own funnel for selling your book?

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A reader named Dan (not sure he wants me to share his last name) asks:

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Hi John

I bought both your books on my wife Hilary’s Amazon account and rated them 5 stars! Really enjoyed them.

I have just finished writing my second marketing book but avoid Amazon as I want to sell them through my funnel. Do you find there’s enough organic sales through Amazon to build your list?

Very best wishes

Dan (in London)

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I’ve only been selling my books via Amazon and it’s been doing all right for me, 10-15 sales a day on average. But only a fraction of those, maybe one or two a day, turn into subscribers to this newsletter, in part because I hide the optin at the end of the book.

Ideally, I’d be selling my books both via Amazon and via my own funnels. I haven’t done this because of the work involved in building out and managing a funnel that would make selling off Amazon, say via Facebook ads, feasible.

But… maybe we can split the work?

Specifically, I had the following idea:

I could sell my book via ads and my own funnel. And then, as an upsell, to break even with ad costs, I could sell a bundle of other related books from other authors. After all, a book buyer is a book buyer, and a book buyer who bought, say, a book about persuasion or self improvement will buy more such books.

I’m telling you this for two reasons:

1. I am honestly hoping that you will go and create this funnel instead of me, and put your own book (about say, marketing) as the front-end offer, and collect all the email addresses of buyers who come in.

I will gladly contribute either of my 10 Commandments books to be sold in the upsell bundle, and expect no royalties in turn, or even the email addresses you collect.

I will just be happy to get my book into more hands, and hopefully to get some of the owners of those hands to sign up to my list via the optin I have at the back of the book.

2. If you have your own book on a marketing or persuasion topic, but you refuse to do me the kindness of creating a cold traffic funnel and including my book in your upsell flow, then let me know, and maybe I will do the work that you cold heartedly refuse to do.

In other words, maybe I will get that cold traffic funnel created, and put my book as the front-end offer, and sell your book in a bundle as an upsell.

No guarantees. But if you have an interesting and well-written book, and you’re intrigued by the proposition, hit reply, and let’s talk.

And if you haven’t yet read my new 10 Commandments book, about con men and stage magicians and pickup artists and (gulp) copywriters, then you can find that charmer here:

https://bejakovic.com/new10commandments

Free training on client acquisition by half-cow-selling copywriter

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Even in the small world of “dudes who write daily emails about writing daily emails,” you can sometimes miss good people.

And so it was that, a few weeks ago, while putting together a group of people who have email lists and sell stuff related to email marketing and copywriting and course creation, it was for the first time ever that I heard of a guy named Alin Dragu.

I’m telling you this because in the weeks that followed, Alin and I agreed to do a “list swap.” That’s a lurid term for a clean idea. Basically, Alin and I agreed to let our respective lists know the other guy exists, and to coax our readers into joining the other’s list as well.

Alin has a long-form optin page that does a thorough job boosting his status and making the case for why you might want to hear from him daily. In a few words, Alin’s got:

– Endorsements for his daily emails from people like Daniel Throssell and Brian Kurtz

– The title of Vice President of a $2.8M Advertising Agency

– A testimonial from a copywriting client who sold a half cow (yes, it’s exactly what it sounds like) thanks to Alin’s email copy

… and if authority is not enough, Alin also has a legit and exclusive bribe bundle to entice you to sign up to his list, good for only the next 48 hours, just because you happen to be a diligent reader of my newsletter.

The core piece of this is a video training called “Warm-Ish Client Acquisition,” in which Alin lays out a (coldish) outreach strategy that led to two copywriting retainers worth $6k. Alin previously only made this training available inside a $300 product, but it’s yours free.

Also, Alin’s bribe bundle contains a copy of his book, Meaningful Marketing, and Copywriting Catalyst, a collection of copywriting tips.

And it’s all free. Did I mention that? FREE.

But only if you act before the deadline, which, tick-tock, is waiting like the crocodile in Peter Pan to bite the arm off the careless and the tardy.

To get Alin’s bribes and to sign up to the man’s list in time:

https://alindragu.com/john/

Am I just trying to provoke unsubscribes?

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In reply to my email yesterday, marketer and long-time customer Fred Beyer writes:

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Step 1: Tell your audience there are Mavericks who are worth serving and Gooses who are not (I refrained from using the plural geese ’cause we’re referencing a nickname here after all).

Step 2: Ask your audience which one they are, so you can ignore them appropriately according to your own suggestion in the email.

From Simple Money Emails: “What people do remember is the emotional stimulation”, and here you’re letting a large part of your subscribers know they are less desirable than the rest.

Are you just trying to provoke unsubscribes here? 😂

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My primary goal yesterday was what I wrote in the email, to find out who on my list has their own email list that’s growing at a healthy clip.

At the same time, Fred raises a good point. It’s one I thought about yesterday as I wrote the email.

I decided that yes, I’m ok if a bunch of people I don’t have any plans on working with unsubscribe from my list.

It’s not about them being “undesirable” in some global, eugenic sense. It’s simply who I want to focus on working with, and who I don’t want to focus on.

Ironically, it didn’t end up happening. I’ve had just 2 unsubscribes so far from yesterday’s email.

This I think is a lesson in itself, and probably an interesting data point around the topic of natural authority.

But that’s a topic for another place, another time.

For today, if you are wondering about the reference that Fred makes, to Simple Money Emails, it’s my course on how to write simple, daily emails, like this one, which both bring in sales today, and keep readers — the ones you want — reading tomorrow as well.

For more info on that:

https://bejakovic.com/sme/

“Maverick” vs. “Goose” segments of your niche

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Yesterday, I sent a handraiser email asking readers if, assuming they have an email list, they get on average 30 or more new subs each week. I got two kinds of replies. See if you can spot the pattern:

#1. No

#2. No!

#3. I do not. But that would be awesome. even 3 a week would be good for me

#4. Nope. 😕

#5. Hell no

#6. I wish LOL

#7. yea

#8. Yes!

#9. Yes, I do… I use linkedin/Facebook and Instagram organic to drive leads.

#10. I get about 100-150 a week and about 30-35 unsubs per week (daily emails)

#11. I get that a day.

#12. Daily

I appreciate everyone who replied. And as thanks for that, let me share a distinction I make, which might be useful to you, called the “Maverick” vs. “Goose” segments.

I first made this distinction last year, when looking at three successful coaching clients I’ve had, each of whom was writing daily emails as a major part of their business.

I looked for commonalities.

One commonality I found was that each of these clients focused on the “Maverick” segment of their audience.

If you have ever seen Top Gun, you know that the movie is about Maverick, played by Tom Cruise. Maverick is the cool, good-looking, talented fighter pilot who inevitably gets the girl and the glory by the end of the movie.

And then there’s Goose, played by Anthony Edwards. Goose is Maverick’s likeable, goofy-looking sidekick, who never gets to fly the plane and who is ritually sacrificed halfway through the movie.

So the question becomes, who do you want to build a business around? Maverick or Goose?

I looked at those 3 coaching students I’d had, each of whom was doing very well. I saw all three focused on the Maverick segment of their niche. Specifically:

* In the “basketball” niche: On high school coaches, rather than high school players

* In the “fitness” niche: On 44-year-olds, rather than 24-year-olds

* In the “marketing” niche: On people who want time, rather than people who want money

My point being:

Yes, some niches are more promising than others to start. You’re more likely to find players with money subscribing to an investing newsletter than replying to a debt relief ad.

But within each niche, regardless of how initially promising or unpromising, there are also the Maverick and Goose segments.

If you’ve already got an audience, or if one is building up for you as we speak, it makes sense to find a binary question you can ask people to classify them as either Maverick or Goose, and then to focus your efforts on working with the Maverick segment, at least based on what I’ve seen.

And on that note, if you haven’t yet replied to my handraiser yesterday:

If you have an email list, do you on average get 30 or more new subscribers every week?

If you do, let me know. I mainly want to know who you are and what you do. I don’t have any particular agenda, though I do have a half dozen possible ways you could help me or I could help you.

Free 14-day course after making $1.4M by writing online

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My friend Kieran Drew asked me to share a free 14-day course he is about to launch, so that’s what I’m doing.

In case you don’t know Kieran, the man used to pull teeth and make gums bleed for a living. Sensing there might be something more to life, Kieran quit his 9-5 as a dentist and started writing online.

That was 4 years ago, this coming September 2nd.

Kieran likes to celebrate momentous events in his life by putting together overly generous offers. And so it is this time.

Kieran is about to launch a 14-day email course about the insights that have allowed him to make over $1.4 million over the past 4 years by writing online, first on Twitter and then via his newsletter.

And to atone for all the pulled teeth and bleeding gums, Kieran is making this course free. But you have to sign up in time, by September 2. That’s this coming Tuesday.

I won’t be writing more about Kieran’s overly generous offer. So if you’d like to get paid to write online, about stuff that interests you, and if you want to hear what wisdom Kieran can share based on his successful journey, then I suggest you sign up now, before it slips your mind and slips away forever:

https://bejakovic.com/4years

New licensing marketplace

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Over the past year, I’ve gotten excited by the idea of licensing intellectual property, which I got turned on to by Travis Sago.

On the surface, licensing IP looks a lot like an affiliate promotion of an info product:

* You license the right to promote somebody else’s info product, such as a course

* You then sell that product to your own list, or to a list you control

* You get paid some or all of the sale price for the products you manage to sell, while the creator of the thing gets paid the rest

But licensing also has several advantages over familiar affiliate sales. For example, if you license the right to promote somebody else’s product, you typically:

1. Can bundle that product (with your own stuff, or with others’ products) and sell the bundle instead of the standalone product

2. Can put the offer inside your own funnel as an upsell, and sell it as a frictionless and congruent one-click addon at a time when people are already “in buy”

3. Can collect money today, as opposed to getting paid weeks or months later (particularly relevant if you’re running ads to your funnel)

… all of which you cannot do if you’re simply driving traffic to somebody else’s sales funnel.

And those are just a few of the benefits of licensing over affiliating.

Of course, licensing also has a shortcoming that affiliating doesn’t have.

Affiliating, at least in the world of online marketing, is a familiar model. Lots and lots of businesses publicly offer affiliate programs, and large and proven marketplaces like Commission Junction and Impact and in the last resort Clickbank exist to bring together affiliates and offers those affiliates can promote.

In contrast, for licensing, you gotta reach out to potential partners yourself… explain and persuade them to work with you… strike custom deals… and do all this one-on-one. Few businesses advertise they will license their info products to you even if they might be open to it, and no marketplaces exist to facilitate the thing.

Until now.

Well, maybe.

The news, at least news to me:

Russell Brunson, the guy behind funnel-building software ClickFunnels, is launching something called OfferLab.

At first blush, I thought OfferLab is just a new affiliate marketplace. But no.

OfferLab is in fact a new licensing marketplace, or something like it.

It allows you to create your own custom funnels where you plug in other people’s offers… or to make available your own info products for others to use in their own funnels. I don’t know exactly how flexible this is, but from what I’ve read it sounds to me it offers the 1-3 benefits of licensing I listed above.

Last night, I signed up for OfferLab myself to look around.

Even though OfferLab is only in launch, or prelaunch, there are already a bunch of offers inside. I imagine that’s because of Russell’s control of ClickFunnels, which will provide a steady fire hose of automatically added licensable offers to OfferLab, in addition to any other offers that people add if OfferLab as a platform actually takes off.

Right now, OfferLab is free to sign up for and, as far as I can tell, to use, both as an offer owner and as an affiliate/licensee.

I have no idea whether this thing will take off, but it is something legitimately new, and it does offer to solve a legitimate problem in the world, and that’s the clunkiness of making licensing deals.

If you’d like to try out OfferLab (again, free, at least right now), and maybe find a new way to promote your own info products… or to find new products you could sell, upsell, and bundle with other stuff:

https://bejakovic.com/offerlab

How I conceived and delivered my first online course

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Four score and six months ago, I brought forth on the Internet a new offer, conceived in Columbia but delivered back in Europe, for what I called my “bullets course.”

I sold this new offer to a group of about 20 “beta-testers” who came via my email list. These beta-testers were willing to pay me for up front for this course, based simply on the info I shared in an email, without a sales page, sight unseen.

That’s just as well, because the course didn’t exist at that point yet. I only had the idea for it.

Since I managed to get the number of beta-testers I was looking for, I delivered the course over the next 8 or so weeks — via an email each workday, which I was writing day-for-day.

This way of creating a course turned out to be very low pressure and yet very productive for me. Meanwhile, it also provided accountability and a cohort feeling for the participants.

During those 8 weeks, I got feedback, corrections, and testimonials from that first group of students. I collected all that, integrated it into the second iteration of the course, which was largely the same, except it now had a higher price tag, and a new name, Copy Riddles.

I have been selling Copy Riddles ever since and have made — well, I won’t say exactly how much, but enough to buy several metric tons of glazed donuts.

That in a nutshell, is how you create value out of thin air.

If the way I told that story makes me sound like some kind of agile and entrepreneurial wizard, that’s not my intent.

The fact is, the only reason Copy Riddles was a success was that pretty much nothing I did was my original idea.

As I’ve written many times, the core idea for Copy Riddles content came from direct marketer Gary Halbert, and was drilled into my head via a training I had heard from A-list copywriter Parris Lampropoulos.

As for the structure of Copy Riddles — the fact I presold it and then delivered it via email, one day at a time — that came from me spying on course creator Derek Johanson, specifically, the way Derek created and delivered his CopyHour course.

I’m telling you this because Derek is currently launching a course, delivered daily by email, that gets you to launch, sell, and deliver a course that people want to pay for, in 30 days, all via email.

Derek’s course is creatively called “Email Delivered Courses” and it gets you to do what Derek did with CopyHour.

You certainly don’t need to buy Email Delivered Courses to launch your own email delivered course. Derek lays out the high-level process on his EDC sales page, which I’ve conveniently linked to below. And like I wrote already, I reverse-engineered and hacked many of the details myself, and that’s how I did Copy Riddles.

I’m still telling you about Email Delivered Courses for two reasons:

1. Maybe you don’t wanna do what I did, and spend weeks stalking Derek and reverse-engineering what he does. Instead, maybe you are happy to pay Derek to simply tell you what to do each day, so you come out 30 days from now with your own completed, desirable, and sales-validated course.

2. The real question is not whether you could figure out what Derek did, but whether you actually will do so, and whether you will then put it into practice in the next 30 days, and have an asset that you can sell ongoing, and buy yourself many metric tons of glazed donuts.

Derek’s launch for Email Delivered Courses closes at the end of this week. If you’d like more info, or to join before the doors close:

https://bejakovic.com/edc