Business Ideas Archives - Page 18 of 56

The uncertain result of my Newsletter XP promo

February 27, 2024 by John Bejakovic

Yesterday, ex-Agora copywriter Thom Benny, who I met up with in Barcelona last month, texted me and asked,

“How is the Newsletter XP promo doing?”

I threw up my arms at this. “How am I supposed to know? There’s a deep fog around the Bejako household, and I can’t see past my own nose.”

The Beehiiv people don’t normally do affiliate deals for this course. I had to ask them over and over to let me promote it.

When they finally agreed, it was a bit of a technical kludge to make it happen. So there’s no affiliate portal. There’s no direct way for me to know how many sales I’ve made.

I saw a buncha clicks. Two people wrote me to say they bought. I wrote my contact at Beehiiv now to ask what the final result was.

But if I had to bet, I would bet I made 3x-4x the money for writing these 7 emails than I ever made for any equivalent campaign I wrote back in my freelance copywriting days.

So let me repeat the core idea I was selling during this whole promo, even though I won’t get paid anything for it now. It’s this:

Start a newsletter. Or start growing a list. Or find another little asset that you can invest into regularly.

It might bear no fruit today. But keep watering it. And you will be pleased and surprised one day soon.

This concludes the first of three affiliate promotions I promised to do over the next few weeks.

The next affiliate promo I will do involves a writing course for business owners who want to build an audience on social media.

I’m going through this course myself right now. And I find myself repeatedly surprised by how well-done and insightful it is.

To make this offer even sweeter, I will add in my own free bonus. It will be equal in price to the actual course I am promoting.

This bonus is a rare training I once put on, after years of research. Several people told me this training has influenced their own writing a lot. But more about all that soon.

50x affiliate deals

February 26, 2024 by John Bejakovic

I recently listened to Brian Hanly, who was a media buyer at Samsung as the company went from $75 million a year in digital ad spend to $1 billion.

Brian later spent five years at VICE selling ad inventory. Then during corona, he decided to start his own digital advertising agency.

He spotted an options trading app that was running a cool ad.

He called them, and he offered to run their ad all over Instagram meme accounts.

“How much?” the options people asked.

“Give me $10k a month for three months,” Brian said.

They did. Three months passed. And Brian and the options app people kept working together.

Brian kept upselling himself into bigger and bigger contracts with the options app guys. Time came though, and the clients hemmed, hawed, and apologized.

They were strapped on cash. Would Brian accept some shares instead?

Brian shrugged. “Fine,” he said.

At the time, the options app was valued at $1M.

One year later, eToro bought them for $50 million.

I heard this story inside the Newsletter XP course, which I’m promoting until the end of day today. As Brian finished his story, Alex Lieberman, founder of Morning Brew and co-host of Newsletter XP, jumped in.

Alex told his own stories of the stock deals that Morning Brew was offered as well.

Point being, if you have skills, or assets, you can do affiliate deals. But instead of getting paid a small fraction of the sale, you can get paid a small fraction of the whole business.

As Brian said inside Newsletter XP, be careful when you do these deals. But they can be lucrative — 50x, 100x, or 1000x of what you would normally make.

And now, let me point to the wall. The clock is ticking. Soon the hands will line up at 12 and then all hell will break loose.

Because I’ve managed to claw out a $200 discount for you from the usual price that Newsletter XP sells for. That discount is good until tonight, Monday Feb 26, at 12 midnight PST. If you’d like to take advantage of this, here’s what to do:

1. Go to the Newsletter XP sales page at https://bejakovic.com/nxp

2. If you decide you want to get Newsltter XP, then use coupon code JB20 at checkout.

3. Make sure the coupon code works — that you see the price drop by $200. This is not my funnel, and if you end up buying at full price, there’s nothing I can do about it.

How to grow a newsletter by 15k subs in one day

February 26, 2024 by John Bejakovic

Today is the last day of my promotion of Newsletter XP, the star-studded course on how to build, grow, and monetize a successful newsletter.

So let me give you a case study from that course. It comes from one Jenny Rothenberg. Jenny was the head of growth at Morning Brew as Morning Brew’s audience scaled from 100k to 2.5M.

Jenny then started her own newsletter growth agency, Smooth Media. She now works with big creators brands. One of these are Colin and Samir. I’d never heard of them but apparently they are big on YouTube. Jenny worked with them to create a video that drove 15k subs to their newsletter in one day.

“Aw that’s just great!” you say. “They probably have millions of followers on YouTube! Come on!”

Sure.

But Colin and Samir didn’t simply create a video that said, “Hey we have a newsletter, come sign up.” Even with a big audience, that won’t drive 15k subscribers in one day.

Instead, they used fundamental human psychology, which you too can use, even if you don’t have a million YouTube subscribers.

There was scarcity (“We’re gonna delete this video in 24 hours”)… a giveaway… a partnership with another big creator… and a completely on-brand, value-prop match between their YouTube channel and what their newsletter was about.

You can do this too, even if you have a following of 99 people. But what if you have no other audience to tap into at all?

Inside the same module of Newsletter XP, you can hear Jenny talk about other ways to benefit from people who do have audiences — on YouTube, TikTok, Twitter.

This is part of a bigger discussion that happens inside the course between Jenny, Tyler Denk (CEO of Beehiiv), Alex Lieberman (former CEO of Morning Brew), and Dan Krenitsyn (previously BuzzFeed, now Facebook).

They all have war stories, and they all have unique answers to the question that this module is built around, which is:

“What is your playbook for taking a newsletter from 100→10,000 subscribers in a year?”

If you’d like to hear that discussion and profit from it, I suggest you act now.

I’ve managed to claw out a $200 discount for you from the usual price that Newsletter XP sells for. That discount is good until tonight, Monday Feb 26, at 12 midnight PST. If you’d like to take advantage of this, here’s what to do:

1. Go to the Newsletter XP sales page at https://bejakovic.com/nxp

2. If you decide you want to get Newsltter XP, then use coupon code JB20 at checkout.

3. Make sure the coupon code works — that you see the price drop by $200. This is not my funnel, and if you end up buying at full price, there’s nothing I can do about it.

Magic meetup

February 24, 2024 by John Bejakovic

I just come home from the inaugural Bejako Barcelona meetup.

A month ago, I sent out an email asking if anyone on my list would like to meet me in Barcelona, where I happen to live.

Some 15 people replied to say yes. (Though one guy said yes from Japan. Hi Logan.)

Of the 15 who expressed interest, 6 said they would come for sure when I set the time, and a couple more said maybe they could make it.

Today, four of my readers actually showed up.

We had a lawyer who quit his job last week to become a copywriter… an info-business owner in the dating space… a creative copywriter who has added direct response to his arsenal… and one author of a soon-to-be-published thriller book.

They were all nice. All smart. All had interesting life stories.

Before, during, and after this meeting, I found myself amazed, once again, that the typing I do in the silence of my living room has real-world effects.

It’s like magic. Money somehow shows up. Opportunities appear. Real-world connections are formed.

All that’s to say:

Start a newsletter.

It’s like magic.

I’m currently promoting Newsletter XP. It’s a course hosted by Alex Lieberman and Tyler Denk, people who started and built up Morning Brew (Alex, then Tyler) and then started and built up Beehiiv (Tyler only).

These guys, and the high-profile guests they feature, know how to start a newsletter. They know what kinds of content gets read. They know how to get more people reading a newsletter. They know how to make money just by sending emails.

If you’d like more magic in your life, and if you want to start a newsletter as a way of creating some magic, then Newsletter XP can be a valuable tool for you.

And until Monday, just two days from now, I’ve managed to claw out a $200 discount for you from the usual price that Newsletter XP sells for. If you’d like to take advantage of this, here’s what to do:

1. Go to the Newsletter XP sales page at https://bejakovic.com/nxp

2. If you decide you want to get Newsltter XP, then use coupon code JB20 at checkout.

3. Make sure the coupon code works — that you see the price drop by $200. This is not my funnel, and if you end up buying at full price, there’s nothing I can do about it.

How to create value from a broke, flaky, uncommitted audience

February 23, 2024 by John Bejakovic

This week, I’m promoting Newsletter XP, a course on how to build, grow, and monetize a successful newsletter.

The undeniable star of the Newsletter XP show is co-host Alex Lieberman.

In 2015, Lieberman started Morning Brew, an email newsletter covering the day’s business news. Within five years, he built up Morning Brew into a 9-figure company. In 2020, he sold a controlling stake in Morning Brew for $75 million.

There’s a bit in the monetization section of Newsletter XP where Alex is asked to give an example of how he pitched big brands like IKEA on buying six-figure ad packages in Morning Brew.

Alex obliges.

He delivers a 1 min 24 second masterclass — the pitch he performed 10 times a day, every day, for three years.

His pitch is truly impressive because what he is really selling is an audience of 18-30 year olds, largely broke, uncommitted, and flaky — not an audience any serious business would be excited to advertise to.

And yet, Alex does it with such enthusiasm, cleverness, and conviction, that by the end of his pitch, I bet the IKEA marketing execs were begging him to run their ad, versus the other way around.

Once again, this pitch was how Morning Brew got to tens of millions of dollars a year in ad revenue, before Alex cashed out for $75 million.

You can use Alex’s IKEA pitch to inform your own sales strategy if you want to start a newsletter and you’re bent on selling ads to big brands for a lot of money.

Or, you can use Alex’s pitch to guide where you take your newsletter.

Because you might not be getting into the newsletter business to hang out on LinkedIn and pitch marketing managers 10 times a day.

The good news is, Newsletter XP gives you real options for both the ad-supported path to monetizing your newsletter, as well as the no-ad path, where you simply create content you love and get paid well to do it.

It’s all there inside the course.

I’m promoting Newsletter XP until Monday, Feb 25, at 12 midnight PST. During this promotion, you can get $200 off the usual price of Newsletter XP. Here’s how:

1. Go to the Newsletter XP sales page at https://bejakovic.com/nxp

2. If you decide you want to get Newsltter XP, then use coupon code JB20 at checkout.

3. Make sure the coupon code works — that you see the price drop by $200. This is not my funnel, and if you end up buying at full price, there’s nothing I can do about it.

The best source of info for starting a successful newsletter

February 21, 2024 by John Bejakovic

I checked just now. I first wrote about Alex Lieberman in this newsletter back in June 2020. Here are the first three sentences of what I wrote then:

===

In 2015, Alex Lieberman started sending a daily email to 45 friends and classmates at the University of Michigan. Each email was empty except for a PDF attachment. The PDF was made from an ugly Word doc template, and contained a fun-to-read summary of the top business news for that day.

===

That email described the beginnings of Morning Brew, a daily email newsletter about business news.

By June 2020, Alex had managed to grow Morning Brew to about $20 million a year in ad revenue.

Later in 2020, Alex sold a controlling stake in Morning Brew for $75 million.

After finding out about Alex Lieberman and how successful he had mad Morning Brew, I got kind of obsessed.

I’d long been interested in running a magazine-like email newsletter. And here was somebody doing it, and making millions off it.

So when I found out that Alex Lieberman was actually hosting a course, all about how to create a successful Morning Brew-like newsletter, I jumped on it.

The course was called Newsletter XP.

It was hosted and presented by Alex and Tyler Denk, who was employee #2 at Morning Brew and who is now the CEO of Beehiiv.

As you might know, Beehiiv is the email service platform that makes it easy to create a Morning Brew-like newsletter, and that’s currently used by newsletter successes like Milk Road (the biggest crypto newsletter)… the Rundown (the biggest AI newsletter)… and Arnold’s PUMP CLUB (the Gubernator’s personal newsletter).

Point being, Alex and Tyler have strong credentials for talking about newsletter success.

And inside Newsletter XP, they do so. They tell you how to create a newsletter if you want to succeed, and perhaps more importantly, how not to create a newsletter if you want to succeed.

Because there have been thousands or tens of thousands of newsletters launched over the past few years. But only a small fraction have become real businesses.

The secrets of the successful are within Newsletter XP.

The course doesn’t only feature Alex and Tyler.

It’s also got Codie Sanchez of Contrarian Thinking (8-figure business, wrote about her a couple days ago)… Max Tcheyan of Puck News (40k paid subscribers at $16/month, $70 million valuation)… Kendall Baker (Axios Sports, ~500k subscribers)… and a bunch more people who have been behind the biggest newsletter success stories, totaling hundreds of millions of dollars in value.

I first wrote to the people at Beehiiv last summer, and asked to promote Newsletter XP then.

I didn’t hear back anything.

I wrote again. Still nothing.

But I was not deterred.

I kept following up.

Eventually they agreed.

The hook was in! Now that they agreed to let me promote Newsletter XP, I asked to have a discount over the regular price. Because why else would anybody buy now?

Since they had already agreed to let me promote, they agreed to the discount as well. Commitment and consistency for the win.

So starting tomorrow, and ending Monday, Feb 25, at 12 midnight PST, I will be promoting Newsletter XP, at a substantial discount over what it sells for normally.

If you are interested in starting a big-success newsletter, you will want to read my emails starting tomorrow.

And if you’re not interested, you still might want to read my emails, because I will be sharing and teasing the best stuff I personally got this star-studded training.

The anti-subscription high-ticket community

February 19, 2024 by John Bejakovic

I’ve recently noticed an interesting new pricing model. As an example, take Codie Sanchez’s Contrarian Community.

As you might know, Codie is an ex-private-equity, Goldman Sachs woman. She quit the corporate world and started using her PE background to buy boring, cash-flow businesses. Laundromats, RV parks, and the like.

Codie also started an info publishing business, Contrarian Thinking, teaching players with money to do the same as she’s doing.

Codie writes a free Contrarian Thinking newsletter, in which she gets her audience of 200,000 readers hyped up on the opportunity of buying boring businesses.

And once they get hyped up enough, she sells them training teaching them how to actually buy a boring businesses, plus ongoing support and networking, inside what she calls Contrarian Community.

So far, so standard.

The part that got me is that Codie doesn’t charge for access to Contrarian Community monthly. She doesn’t charge for it yearly either. Instead, she charges a one-time fixed fee of $10k. And she’s built a 8-figure business out of Contrarian Thinking this way.

I’ve noticed this pricing model in a few other successful info publishing and coaching businesses recently. At first, this had me surprised — because I’ve been trained to think continuity offers are where it’s at.

But a one-time, large fixed ticket to join a community makes a lot of sense. It means:

1. More money per member, today instead of tomorrow.

2. Better quality of member.

3. Better results for members, and therefore easier sales down the line, and a more attractive offer.

4. A better community. Rather than people constantly churning, there’s stability. There are more members contributing, and more successful members supporting and encouraging those who aren’t as successful yet.

So this is something to consider.

If you too offer ongoing coaching, training, or a community of some sort, you can do this too.

Figure out what your LTV is per customer… round that up… or double it or triple it. And then charge people a one-time fee, instead of leaving them to constantly wonder if it’s worth sticking around and renewing for another cycle.

Do this, and you might end up producing a better community, getting better results for your customers, and making a lot more money yourself.

Going ape for agree and amplify

February 14, 2024 by John Bejakovic

I’m working on my new 10 Commandments book and that means I’m reaching deep into my journal and processing all the research I’ve collected.

That’s how I came across a great marketing story I should have already used for an email.

This story involves famous ad man George Lois, somebody I’ve already written about in this newsletter.

Lois was a master of dramatization.

Back in 1960 or so, Lois was tasked with creating a commercial for the new Xerox 914 photocopier. The USP was Xerox’s new technology, which used plain paper for printing and made the photocopier easy to use, unlike the steam locomotives that were used until then.

Lois decided to dramatize Xerox’s ease of use by showing a little girl — his own daughter Debbie — using the Xerox 914 to make a photocopy of her doll.

Sure enough, the commercial showed Debbie skipping over to the Xerox machine and pushing two buttons. Out came a photocopy.

Overnight, Xerox became a sensation. But competitors were furious. No photocopier could be that easy to use! They filed complaints with the FCC for deceptive advertising.

When Lois was told of this, he nodded his head and said, “Yes, yes, you’re absolutely right… it was wrong of us to use a little girl to show how easy this machine is to use… we should have used a stupid ape!”

So Lois reshot the commercial, this time with a chimp in place of Debbie, and with officials from the FCC to watch as the chimp made its photocopy, all in one take.

Following this, Xerox became the biggest photocopier company, a huge tech behemoth for decades. They funded research that changed the modern tech landscape (they invented windows, the mouse, laser printers). And then they let Apple and Microsoft eat its lunch.

But! The point of this email is not Xerox’s business incompetence, but George Lois’s advertising competence.

More specifically, the point of this email is the power of agreeing and amplifying — chimp instead of girl — whenever anybody attacks or challenges or even mocks you.

And now I’d like to tell you about my Simple Money Emails training.

This training makes it so easy to write sales emails that even a little girl could do it.

I really hope somebody will challenge me on that, because I have video recordings of an ape that does it as well.

For more information:

https://bejakovic.com/sme

An incredibly powerful email hook

February 13, 2024 by John Bejakovic

Oh boy.

Yesterday’s email, about scarcity as a performance art, brought the replies pouring in.

I feel like I’m in the courtroom scene in Miracle on 34th Street, with postal workers bringing in satchels of mail for proof of how strongly people feel on this issue.

The issue, in case you missed my emails over the past couple days, is an upcoming livestream by marketers Dan Kennedy and Russell Brunson.

During the livestream, which is set to happen in a couple weeks’ time, Russell will interview Dan, from Dan’s sacrosanct basement workspace. The topic will be Dan’s mind-boggling decision to shut down new subscriptions to his No B.S. print newsletter, starting March 3 of this year.

Real? Fake?

Some of my readers turned detective and wrote in with their findings.

They spotted a detail on the optin page for this upcoming livestream. An image shows Russell, with a mild look of panic on his face, holding a fax from Dan to demonstrate how real this decision is.

The fax has a headline in huge font that reads “SHUT ‘ER DOWN!!!”

Only problem is, the fax also has a small date in the upper right corner, and that date reads 10/24/2022.

Other readers acknowledged that Russell does go for fake scarcity, but defended the man. Some called him a marketing genius. Others just said he does a great job distilling marketing concepts and makes them usable quickly — and it’s up to you to decide what to do with them.

My main takeaway after this whole experience is that industry gossip is an incredible powerful email hook. If, like me, you needed any reminding of that, then let me remind you:

Industry gossip is an incredible powerful email hook.

The only problem I have with anything that’s incredibly powerful is that I bore quickly.

As I said recently on my “How I do it” presentation, I look at this newsletter first and foremost as a sandbox, a playground.

It’s kind of a miracle that it’s turned into a nice source of income and a fountain of good opportunities.

But once something stops being interesting for me, it stops being a topic for this newsletter. So I won’t be writing about this bit of industry gossip, as Dan himself might say, for the foreseeable future.

That said, my playground attitude is not an attitude I encourage anyone else to take.

So if you want to see how two professionals who take their jobs very seriously do it, then check out Dan and Russell’s current “SHUT ‘ER DOWN!!!” campaign.

I continue to promote it with an affiliate link, even though I don’t know if I’ve made any sales, and even though, given that it’s Dan Kennedy, I would promote it without getting paid, simply because I’ve learned so much from the man, and I think you can too.

If you’d like to sign up for that free upcoming livestream, here’s the link:

https://bejakovic.com/no-bs-scarcity