Business Ideas

Marketing devil-inspired price negotiation tactics

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A girl I met this summer wrote me yesterday to ask for advice on pricing a copywriting project:

“Wassup busy bee? 🙂 i need professional advice. How much should i ask to write anarchist articles for commercial purposes (meaning to sell t-shirts) :))? Is 100 dollars per 500+ words too much or fair? How much would u ask for?”

Anarchist articles?

To sell t-shirts?

At $100 for 500 words?

That’s not the pond that I play in.

Because I made a deal with the marketing devil a long time ago.

Yes, I sold my soul to him. In exchange, I get a series of ever-higher-paying contracts, working on ever-more interesting projects.

So the particular rates I would charge at this moment are really no use to this girl, or to you in case you’re wondering what you should be charging for your work.

But I told her something that the marketing devil taught me. And you might find it useful as well.

It’s a super simple price negotiation tactic. It works 100% of the time to get you an outcome you can be happy with. And it goes like this:

1. Ask yourself, “How much would it take to honestly make this worthwhile for me?”
2. Make your potential client this offer.
3. If it works for them, great. If not, or if they try to haggle with you, tell them, “Thanks, but it’s not right for me.”

But maybe I hear you complaining, “This isn’t negotiation at all!”

And it’s certainly not the kind of nickel-and-diming, car-lot tactics you can read about in hundreds of Medium listicles. But like legendary copywriter and entrepreneur Mark Ford wrote recently:

“The difference depends on understanding that in business there are two fundamentally different kinds of negotiation: transactional and relational.”

In other words, if you use my simple devil-inspired price negotiation tactic, and you end up doing business with this client, you’re on good footing to form a long-term relationship that both sides are happy with.

And if you don’t end up doing business with them, for whatever reason (they can’t afford you, or they don’t value you enough, or they are simply lowballing jackasses), then you don’t really have a negotiation problem.

You have a lead generation problem. Which is another topic, for another day. For today, let me just say I solved my lead generation problem in the beginning by going where everybody says you shouldn’t go.

And that’s Upwork.

In case you want to see how I made very good money by dealing with quality clients that I actually landed on Upwork, then check out the following:

https://bejakovic.com/150-dollar-per-hour-freelancer

How to approach a mentor

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Do you know the story of puss in boots?

I won’t retell it all here, but the gist is that puss gets his owner, a poor and hopeless young man, in favor with the local king.

Puss does it by showing up to the king’s door over and over, bearing gifts. One time it’s a dead rabbit. Another time it’s some partridges.

“A gift from my master,” says puss in boots, “the Marquis of Carabas.”

And then one time, when the king is going for a friendly Saturday afternoon ride by the riverside, puss in boots makes it seem like the Marquis of Carabas is drowning there.

“Save that man tout suite,” the king orders, “for he is a gentleman who has sent me many fine gifts.”

And so the poor and hopeless young man is transformed into a real-life Marquis of Carabas, for a while at least.

I’m telling you this fairy tale because it has to do with cold emails. Specifically, emails (or LinkedIn messages, or Facebook, or whatever) that you might send to somebody that you hope will be your mentor.

It’s a good idea to approach your mentor bearing valuable gifts. After all, it worked so well for puss in boots. But a dead rabbit or a bunch of partridges don’t impress today like they did back in puss’s time.

So what can you do?

Well, you might try offering helpful tips… or ideas… or even your services for free. And I’m sure those things can all work on occasion.

But here’s a better approach. I heard about it today while listening to an interview with Steve Schwartzman, who happens to be one of the world’s 100 richest men, and also somebody who’s in charge of about half a trillion dollars’ worth of assets.

When asked what thing of value a poor and hopeless young man should give as a gift when approaching a powerful mentor, Schwartzman said:

“Well it’s interesting. One thing of value is flattery. People’s self-images are always unpredictable to the person who’s approaching them. And the fact that you’re approaching them helps them self-validate. The fact that you’ve thought about that person, and there’s something you do want to learn from them, there’s some piece of advice you want. All you have to do is say in effect, ‘I want to go on a journey. I want to change what I’m doing or i want to achieve something. You’ve done a bunch of that… Can you describe to me how you do that?'”

So there you go, young puss. Go out and flatter people.

Or rather, take an interest in what they are doing, and approach them with genuine interest and genuine compliments. Do it over and over. Next thing you know, you might be transformed into a real-life Marquis of Carabas.

Get yer own Falkor

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One of my favorite books as a kid, and even now, is The Neverending Story.

If you’ve seen the Hollywood movie that was made from the book, you might know there’s a boy in there named Atreyu.

Atreyu lives in the great land of Fantastica, and he has to go on a quest all around the borders of this immense kingdom.

How’s a little boy gonna be able to cover these vast distances?

No problem. Atreyu hitches a ride on the back of Falkor, a benevolent, furry, white “luckdragon” who happens to fly at great speeds.

Now I think this is a good image to keep in mind in your own life as well.

Because as much as I like The Neverending Story, these days I like another book even better.

It’s called Positioning, and it’s written by Al Ries and Jack Trout.

Positioning is all about how to market products, and how to find a mental slot for them in your customer’s mind.

But one part of the book also talks about positioning yourself, and achieving personal success. And it’s here that Ries and Trout make a throwaway comment that I found very meaningful:

“The truth is the road to fame and fortune is rarely found within yourself. The only sure way to success is to find yourself a horse to ride. It may be difficult for the ego to accept, but success in life is based more on what others can do for you than on what you can do for yourself.”

Like I said, I found this very significant.

Maybe because my tendency is to try to always do everything by myself. It’s very natural to me. But it’s also very slow and ineffective.

So if you too have similar tendencies, then maybe you’ll get some value out of the Ries and Trout quote above.

And maybe you’ll consider finding yourself a horse to ride. Or even your own Falkor.

The counterintuitive secret of effective positioning

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Today, I ate a handful of jujubes.

These are little fruits, kind of like dates. I grabbed some from a bowl and as I went to wash them, one jujube fell, hit my foot, and rolled off under the counter.

“No matter,” I said to myself, “I’ll get it in a second.”

A second later, I looked under the counter. The jujube wasn’t there.

I kept looking. Nothing.

I reached under the counter to see if it was there but I couldn’t see it. Nothing.

I changed positions to see if I could see it better from a different perspective. Nothing.

Maybe you know this maddening.

W​​hen you think you know where to look for something, but it’s not there.

Maybe it’s your keys, which should be at the bottom of a bag… except they’re not.

Or somebody’s name, which almost certainly starts with the letter “A”… except no “A” names sound right.

Or maybe it’s even a marketing situation.

Such as, for example, deciding on how to position a product, a brand, or even a person.

Many business owners think they know where to look for such positioning intel.

After all, it seems very intuitive that the positioning for their products must be hidden somewhere in the product itself.

Similarly, the positioning for their personal business must be lying somewhere inside their own person.

So they keep looking and looking…

And even though they are sure they are looking in the right place, they never find the positioning answer they’ve been searching for.

Why is that?

Simple. Because the positioning they are searching for won’t be found inside their product, or even inside themselves.

Instead, it’s found in a rather counter-intuitive place.

Maybe you know what I have in mind.

And if you want my help in searching in this counter-intuitive place, and helping you come up with a winning positioning strategy for your business, brand, or even person, then simply write me an email and we can talk.

Are you violating the basic rule of positioning?

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I’m still in Istanbul and I’m getting sick of the place.

Every restaurant, every bar, even every apartment I’ve stayed in, has a great view.

A view of the grey waters of the Bosporus… of the millions of lights that go on at dusk… of the dozens of monstrous-sized mosques that line the horizon.

Now of course, I’m being a little facetious.

I like a great view just like your average gadabout.

But the fact that EVERY place in Istanbul has a view actually complicates my job of being a tourist.

Because deep down, I keep remembering something that a frequent traveling partner of mine taught me:

“I won’t eat in that restaurant,” he would say, “because it has a good view. A restaurant can either sell the view or the food, but not both.”

That might sound simplistic, but it’s the basic way the human mind works.

At least if you believe one of the most influential marketing books of all time, Positioning, written by Al Ries and Jack Trout.

There’s a lot in this book about how companies, brands, and even individuals can carve out a position for themselves in a crowded market.

But the basic image that Ries and Trout give is simple:

Your position is like a hook in the customer’s mind that you hang your product on.

And if you try to hang multiple things from that hook, or try to hang your product from multiple hooks, that’s when trouble starts.

In other words, you want to position your restaurant as either having good food…

Or a good view…

But not both, because your customers’ brains simply won’t follow you.

And the same thing holds if you’re not in the restaurant business — but in any other business.

Of course, you can offer, say, great prices as well as a dedicated service.

But put just one of those forward as your main position. And if Ries and Trout are right, you will create a position in the market that allows you to win customers more easily and keep them around for longer.

A legendary copywriter tells you where to shove your USP

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A few years back, I got hired to write a home page for an innovative company.

They were selling “European-style” windows to Americans.

These windows could be opened in all sorts of ways… they offered better sound and temperature insulation… and they looked hella European.

In other words, this was a superior product that would sell itself if described in detail.

So I wrote up the home page to explain the main advantages of these windows, and to back them up with facts.

“It’s ok,” the client said when I delivered the copy, “but I was hoping you could make the copy more like what I see in ads for Apple.”

This is one of my pet poofs.

I understand the temptation to want to imitate Apple. Apple products are everywhere, the company is hugely successful, and there’s a mystique to their marketing.

​​But none of those are reasons for a tiny business to try to ape Apple’s copywriting or advertising. ​​I think many of the arguments why are obvious, so I won’t drag on the point here.

I just wanted to bring this story up because of an interesting article I read recently.

The article was written by copywriting and marketing legend Mark Ford. Mark is one of the people responsible for making Agora the giant direct response business that it is today.

​​He’s also the author of many books on business and marketing and copywriting (including Great Leads, which I highly recommend).

Anyways, Mark was asked how copywriters should come up with a USP — a unique selling proposition — to help them position and market themselves.

After all, every business, even a one-man service business, needs a USP, right?

Maybe, and maybe not.

If you’re a copywriter — or you have any other kind of small business — then I think Mark’s article is worth a read.

It tells you where you can shove your USP, though of course Mark doesn’t use those words, because he’s a very classy man. Here’s the link to the article:

https://www.markford.net/2019/08/21/8720/

How to make money with an empty movie theater

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There were six of us altogether.

My mom and I were in the last row.

In the row in front of us, there was a middle-aged couple.

One row further down, there was another child/parent pair.

Six people altogether, in a movie theater that seats about 100.

It didn’t help that we were here to see a melodramatic German-language reworking of A Few Good Men, without Jack Nicholson, and with immigrants and Nazis instead of U.S. Marines.

But in spite of the lack of interest, this movie theater seems to be making money.

Of course, not from ticket sales.

Probably not even from the popcorn.

But from other uses of their good space.

For example, before the movie started, and ad told me that I could rent out the movie theater during the day for a business conference. Nobody wants to go see a movie at 11am, it seems, but plenty of people want to hear a boring PowerPoint presentation (hey, it’s better than sitting at the office).

And that’s not all.

This movie theater is also selling its own take-home popcorn. You can buy a box of movie-theater-style popcorn, at a premium I suppose, to take home and pop in your own microwave.

All of this reminded me of marketing magus Jay Abraham.

One of Jay’s big things is figuring out what assets a business might have that it’s not cashing in on.

Such as unused capacity (the movie theater business conferences)…

Or patentable processes (the movie theater popcorn).

But it’s not just movie theaters that can do this. Almost all businesses have such assets. So maybe start looking around and seeing things that you take for granted, or that even have zero value for you, but that somebody else might be willing to pay for.

So much for that topic. Onto something else.

If you need help with a different kind of marketing, specifically advertorials to promote ecommerce products, then maybe you will be interested in my upcoming book on the topic:

https://bejakovic.com/advertorials/

How to get really rich in sales and marketing

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I was sitting at the beach yesterday, eating my empanada and trying to mind my own business, when I saw an Indian guy selling beach blankets.

He was talking to a group of women who were interested but not yet decided on buying.

He sweet talked them a little bit.

He answered some questions.

He applied a bit of pressure at the right moments.

Eventually, he convinced them to buy.

He was about to close the sale when the women decided that they wanted another pattern of beach blanket after all.

The guy hung his head.

“No problem,” he seemed to say. And he jogged across the beach for a few hundred yards to get the other pattern from his stash.

He jogged back, handed over the correct blanket, and finally closed the sale.

While I was watching this, all I could think is how much work and skill it had taken for this guy to close this one sale, which probably netted him a profit of a dollar or two.

And it’s just about the same level of work and skill that it would take for a million-dollar deal.

Well, I don’t know about million dollars, but definitely he could be making much more money if he were just selling something else.

And this reminded me of something I’d heard from Craig Clemens.

Craig started out as a direct response copywriter.

He was successful writing in the relationships and dating niche for Eben Pagan (aka David DeAngelo).

Even though Eben and Craig’s dating stuff grew big — around $20 million a year — Craig realized he could be making much more money if he were just in a different market.

So he partnered up with his brothers, and they started Golden Hippo, one of the biggest direct response supplement businesses out there today.

I’m not sure how much Golden Hippo is worth. But I imagine their yearly revenues are in the high hundreds of millions of dollars.

If I see the beach blanket seller again today, I’ll tell him about Craig Clemens and why choosing your market well is key to getting really rich in marketing or sales. And maybe that’s a pointer that you too can benefit from.

On another topic:

If you are looking for advertorials or pre-sell pages that can help you sell supplements or even physical products (perhaps even beach towels), then you might be interested in my upcoming guide on how to write these suckers in ways that convert on cold Facebook traffic:

https://bejakovic.com/advertorials/

Claude Hopkins and Gary Halbert meet over a barrel of whiskey

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Back in a village in 19th-century Michigan, there lived an influential man.

He was the leader of his community.

Head of the school board.

Couldn’t read or write.

Here’s his secret to achieving influence in spite his handicap:

Following a ship wreck some years earlier, a large barrel of whiskey washed ashore Lake Michigan.

This man found the barrel, and he put it in the corner of his living room.

He was generous with the whiskey. Folks started dropping by his house. They would sit on soap boxes next to the barrel and discuss local gossip.

In time, his house became the headquarters of the local community. And he became the leader.

I read this story in My Life in Advertising by Claude Hopkins.

It made me think of something I’d heard in a long-lost recording of another influential marketer, Gary Halbert.

Says Gary: marketing is a process, not an event.

In other words, when businesses buy (or luck upon) a big barrel of whiskey…

They often use it to throw a one-day party for the whole village.

The next day, everybody’s groggy, but a few villagers say, “Bro, that was awesome.”

A week later, however, nobody remembers or cares who threw the big party. And all the whiskey’s gone.

It’s better to keep the drip of whiskey coming, evening after evening…

All the while listening to what folks are saying as they sit around your living room…

While gradually gaining their respect and trust, and nudging them towards seeing you as the village elder.

That’s a process.

Of course, you need to start somewhere. Such as by sending out invitations to your whiskey barrel that get the attention of whiskey lovers within a country mile of your living room. And if you want to see one effective way of doing this, check out the following:

https://bejakovic.com/advertorials/

An important reminder for clingy copywriters

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A few days ago, I got carried away.

A potential new client contacted me. “Would you like to write daily emails for us?” he asked.

“Sure I would,” I said. “And I’d like to do more than that for you.”

Then I threw in a kitchen-sinkful of copywriting and marketing services I could provide along with the daily emails. The problem was that at this early stage, I didn’t really know what this client’s actual needs are. In other words, I was pitching instead of selling, as Ben Settle puts it.

Normally, I don’t get this needy or clingy.

But sometimes, it gets away from me.

A few days after this happened, I read something related by direct response copywriter Jason Leister.

I think it’s an important reminder for all copywriters, including myself, who can get carried away when a great new opportunity appears on the horizon. Jason writes:

“Over the years, I’ve come to hire clients very slowly. If you work with clients, consider hiring them SLOWLY. (You are hiring them, remember that. You’re in the driver’s seat of your business, not anyone else. They’ve got the “money” but you have the thing for which they are willing to part with that money. Money is everywhere, YOU are not.)”

Jason then describes what this means practically in his business.

I think it’s worthwhile reading for all freelance copywriters.

If you want to read Jason’s complete email including the practical bits, simply write me and I can forward it to you. Or you can head over to Jason’s site, where he publishes his daily emails with a few days’ delay. Here’s the link:

https://incomparableexpert.org/dailyjournal/