Business Ideas

My #1 takeaway from a $3k conference

by

I went to a $3k copywriting conference 4 weeks ago. Since then, my impressions have settled.

What’s left? What ideas did I really get from the high-powered speakers at this conference?

What’s left today is the same as what struck me while I was still sitting in the freezing-cold conference room.

All the speakers kept repeating the word “simple.” Simple business model. Simple deliverables. Simple promises.

But here’s what I realized while listening to all these speakers:

Getting to simple isn’t simple. It takes time and thought and work to figure out what’s essential. It takes discipline and more work to eliminate what’s not essential. And there’s layers to it, so once you’ve made things simple once, you will probably realize that it’s still not really there, and there’s more that you can do.

Mark Ford wrote a post yesterday about how he loves to teach. And he wrote about physicist Richard Feynman, who believed that teaching is the best way to understand anything.

It’s easy to think you understand something, Feynman believed, until you try to explain it simply. And an audience gives you real feedback. Was it simple? Do they understand? Or are they lost?

If they’re lost, it’s because you lost them somewhere along the way.

Writing is a great way to make things simple. And writing to an audience is even better. Then tomorrow, you can do it all again, at a new level of understanding. Does that make sense? Write in and tell me, because it will help me figure things out also.

Dentists vs. copywriters: Who wins the better customer battle?

by

Here’s a new perspective I found insightful, about who you sell to. Maybe it can save you some headache and even failure:

A few days ago, I was talking to a newsletter strategy consultant. He was telling me about his own newsletter, and the paid advertising he is planning for getting paid subscribers to it.

I won’t name this guy — I’m not sure he would want me to — and I won’t reveal the kinds of people he will be targeting with his ads — not so relevant to others but maybe very valuable to him.

So what’s left?

What’s left is the people he will not be targeting with his ads. And this I believe is relevant whatever your actual business is.

The newsletter expert said he will not be targeting independent newsletter creators. Why? Because, as he told me, they are “a little short term and flaky.”

How could it really be any other way?

If somebody has no employees, no office, no expensive and custom equipment, no contracts to fulfill, and in general no obligations, what’s keeping them going if things ever get bad? The answer is nothing.

That’s why it’s in general better to sell to, say, dentists, who are tethered by a million hooks to their businesses, than to, say, copywriters, who can decide from today to tomorrow to close their laptops and go work as a park ranger or to maybe roast coffee for a living.

That’s not to say you can’t make money selling to people who are a little short-term and flaky. But it exposes you to more risk, and it limits what you can sell and for how much.

That’s something to keep in mind whether you sell to other businesses (hopefully, chained and burdened dentists) or direct to consumers (hopefully, people with an unavoidable problem or an all-consuming obsession).

Last point:

​​I found an interesting new newsletter recently.

This newsletter gives the perspective of somebody who manages to profit from short-term and flaky independent newsletter creators. That somebody is Scott Oldford, who has been buying up independent newsletters and then investing in them and scaling them up. Scott writes about his adventures here:

https://investing.scottoldford.com/

Easy way to go from a bit of a failure to a big-time success

by

I have an offer for you at the end of today’s email. But first, I have a sexy marketing story that might make you want that offer. The story goes like this:

Back in the early 2000s, a guy named Andrew Wood ran an info publishing business, teaching marketing to karate schools. Wood knew what he was talking about, because he had previously created and then sold a chain of 400 karate schools.

Wood’s info publishing business was pulling in good money, around $30k each month. The trouble was, Wood’s expenses — business, car, wife — totaled $40k each month. In other words, he was losing blood like a harpooned whale.

So in a moment of desperation, Wood got in touch with Jay Abraham. The two met.

Over the course of a morning, Jay Abraham grilled Wood all about his business. After each question, Abraham came up with suggestions. And Wood replied he was already doing that — or he had tried it before but it didn’t work.

As the meeting wore on, Jay Abraham grew more and more frustrated. Eventually, he stood up from the table.

“You’re so fucking smart,” Abraham said, “figure it out for yourself.” And he walked out.

Wood sat there stunned. But before he had a chance to do anything, Jay Abraham came back and apologized. And he asked Wood to run through the numbers one more time.

“What are you taking in each month?”

“$30k.”

“How much are you spending?”

“$40k.”

“And how much do you want to make?”

“$60k would be great.”

“Okay,” Jay Abraham said. “That’s easy. Just double your prices! Find something you can add to the program to increase the value and double the price.”

And with that, Jay Abraham said goodbye.

Silence. Do you think Andrew Wood sat there thinking, “What a great insight!”

Of course not. He thought it was a total lack of advice. But on his way home, he stopped for a beer. A few of his employees joined. After the third beer, they started kicking around the “just double your prices” idea.

A couple weeks later, Wood stood on stage in front of his two hundred customers. And he announced a new monthly program.

It would cost $200, twice as much as what they were already paying. The contents were not much more than what they were already getting.

Result?

Wood says that in three months, he went from taking in $30k a month to $100k a month. More importantly, he went from losing $10k each month to making a profit of $60k. By Christmas, he was entirely debt-free and owned his first Ferrari.

So that’s the sexy story. Now here’s the offer:

A couple weeks ago I sent out an email asking who would be interested in a training about increasing your prices.

​​I got a fair number of yeses in response to that email, but not enough to make me want to put that training on. Lately been saying no to middling opportunities and putting my effort only in near sure shots.

At the same time, your first Ferrari — or whatever the equivalent moonshot proof of success might be in your own mind. That’s what can happen if you double your prices.

​​And yet people don’t double their prices.

Why? And what can you specifically do about it?

That’s what I want to address on this training. And if it’s something you’d be interested in hearing about and profiting from, then hit reply, and let me know. If it enough people say yes, then I’ll put this training on.

How to cut your unsubscribes almost in half

by

In this email, I’ll write about an idea you’re probably heard before. It might not be anything new to you. In fact, you might not want to read this email at all.

Yesterday I was talking to a coaching client. He recently took over the management of an email list with 50k subscribers.

That’s my preferred position, by the way — a kind of Harry Hopkins-like figure, a back-end advisor and scheme man rather than a front-facing figurehead.

​​Unfortunately I can’t do that with my own emails. Still, I continue to write this newsletter simply because I find the practice so personally valuable.

But back to the coaching call. My coaching client took over the management of this sizable list, and he started sending more regular emails.

At first, he put a paragraph at the top of these emails, warning his audience they would be getting emails more often, along with a link in case they wanted to unsubscribe.

Unsubscribe link right at the start of the email. Result? 50-60 unsubscribes each time.

He then took that paragraph out. Just the usual unsubscribe link left at the end of the email. Result? The unsubscribes jumped to 100.

That’s the idea I warned you about at the start. You’ve probably heard it before.

Really, it’s a tale as old as time, a song as old as rhyme. But these days, it mostly gets attributed to Jim Camp’s book Start With No.

Says Camp, never take away your adversary’s right to say no. In fact, go out of your way, make a show, above and beyond, to assure your adversary you respect his or her right to say no. And mean it.

Camp was a negotiator in billion-dollar deals.

In other words, this isn’t just about cutting your unsubscribes. It’s also about making more sales and making more deals. And most importantly, it’s about continuing a valuable relationship into the future.

I’ve repeatedly promoted my Most Valuable Email course in these emails.

Perhaps you’ve decided this course is not for you. Perhaps you’re just not interested in it. That’s fine.

Otherwise, if you’d like more information about Most Valuable Email, you can find it here:

https://bejakovic.com/mve

Why the bathroom is a great place to negotiate

by

I walked to the beach this morning. People were out jogging. Others were going into the sea. Some were playing with their dogs. And there I was, listening to a course by negotiation coach Jim Camp, and taking notes on my phone.

“One of the things I like to do is negotiate in the bathroom,” Camp says. “It’s a great place to negotiate.”

To me that sounded like the usual contrary and shocking Camp material. But this one is surprisingly straightforward.

“When are people most exposed?” Camp asks. “I’m not talking about their physical parts. I’m talking about, when are they most relaxed, in their mind? When do they open their mind? When are they most exposed? ‘Well, the fight’s off. Now I’m free to go to the restroom.’ As they go to the restroom, you ask them a question. They’ll answer. They smile, and they answer the question. It’s a great time to do research.”

That’s a good tip for when you negotiate. Or for when you do magic.

Because this is the same exact idea described in a book I read not long ago, by a guy named Gary Kurtz, about the use of misdirection in stage magic.

Kurtz has a name for this bathroom phenomenon. He calls it the off-beat. The off-beat is the relaxation, the lull in attention that happens when the audience thinks the magic trick is over. That’s when the actual sleight-of-hand is done.

I’m thinking of writing a new book. I don’t have a title yet. Maybe I will call it, “10 Commandments of Hypnotists, Pick Up Artists, Comedians, Cult Leaders, Copywriters, Door-To-Door Salesmen, NLP Trainers, Storytellers, Professional Negotiators, and Stage Magicians.”

The topic would be core ideas I’ve picked up from a bunch of far-flung fields, which are actually all the same field – one that’s all about controlling attention, heightening emotions, guiding people to an outcome.

I’m only thinking about this book right now. But if you have any input you’d like to give me — stories you think I can include, other fields I didn’t think of, specific techniques you have in mind — hit reply and let me know.

​​I don’t have anything to promise you in return, except my gratitude, and an acknowledgement in the book if I ever do put it out. Thanks in advance.

I’m good at writing stories, hate writing personal stories, and found a new way to look at it

by

I spent a good amount of time just now, thinking up and then discarding 10 alternate angles to start this email about personal stories. The fact it took me so long and I still got nothing proves the point I’m trying to get at:

It’s easy to write stories. It’s hard to write personal stories. At least write ’em well.

But what does that mean?

I’ve written thousands of stories, in the context of this newsletter, in sales emails for clients, in Facebook ads, advertorials, sales letters.

Many of those stories were written well, in the sense that people read them, and were then hypnotized — they became open to suggestion and influence.

Most of those thousands of stories involved my clients, or were retold horror stories I’d found online, and one was about Benito Mussolini, and what happened to his corpse after he died.

But out of those thousands of stories, some were also personal stories, featuring me. Some of those personal stories I managed to write well. Some not. I never knew why.

Because of this, I always felt an extra level of confusion, resistance, and doubt whenever I have to tell a personal story. “Is this a good story? Should I include this bit? Is it relevant? Is it interesting? Am I just including it for the sake of ego? Is it irrelevant to the story but somehow important on another level?”

Today I was reading an old issue of the New Yorker. I came across an article, written by Prince Harry’s ghostwriter, about the challenges of ghost writing a memoir for Prince Harry.

“No thank you,” I said immediately, and was ready to turn the page.

But I have this rule that whenever an article seems utterly repulsive to me, I force myself to read it. And good thing I did. I came across the following passage.

The ghostwriter was fighting with Prince Harry over a detail in a story. The prince wanted the detail included. The ghostwriter didn’t. The prince insisted, because this detail showed an important bit of his character. To which the ghostwriter said, “So what?” And he explained:

===

Strange as it may seem, memoir isn’t about you. It’s not even the story of your life. It’s a story carved from your life, a particular series of events chosen because they have the greatest resonance for the widest range of people, and at this point in the story those people don’t need to know anything more than that your captors said a cruel thing about your mom.

===

I found way of looking at personal stories insightful. I mean, this is what I’ve always done instinctively when writing stories about other people. But it’s something I could never put my finger on when writing stories about myself.

And I’m only telling you I found this insightful because maybe you too have found it frustrating to write personal stories in the past, and maybe you will find this new way of looking at personal stories insightful also.

There were other valuable things that prince Harry’s ghostwriter said, which might be useful to you, whether you’re trying to bring to life your own personal stories, or whether you too work as a ghostwriter. In case you are curious:

https://www.newyorker.com/magazine/2023/05/15/j-r-moehringer-ghostwriter-prince-harry-memoir-spare

Not comfortable asking for more money?

by

Trevor “Toe Cracker” Crook was at the front of the room, finishing his presentation, and was about to launch into the pitch for his offer.

“How many of you regularly close 5-figure copywriting contracts?” he asked.

You’re supposed to participate if you’re in the audience at a conference, and give the speaker some signs of life. So I raised my hand.

I was sitting in the front row. I glanced over my shoulder. I realized that, out of 25+ other copywriters in the room, maybe two or three also had their hand up.

I felt sheepish. I put my hand down.

The fact is, I’m not overwhelmingly confident. I’m certainly not assertive or demanding.

And yet, a couple years ago, back when I was still regularly taking on client work, I was closing 5-figure deals matter-of-factly. And if I were taking on a big project now, I wouldn’t have any trouble asking for — and probably getting — $15k or $20k, upfront, depending on what needs to be done.

In my experience, asking for more money is not a matter of confidence, in the sense of some unshakeable self-belief. Nor is it a matter of assertiveness.

It’s really about systematically putting yourself into a situation where neither of those is needed. As negotiation coach Jim Camp, who guided Fortune 100 CEOs and revamped the FBI’s hostage negotiation process, had to say:

===

I’ve got wonderful non-assertive people that just do magnificent jobs in negotiation. But that’s because they have the tools. They don’t need to be assertive. Assertive is not a trait that is to be desired in negotiation by any means.

===

I’m thinking about putting on a training in June about how to be comfortable charging more. This isn’t only about copywriting work. I’ve been selling courses, live presentations, and consulting to make up for the fact I rarely work with copywriting clients any more. I’ve found the same principles apply whenever money changes hands.

If such a training is something that would interest you, hit reply and let me know. In case there’s enough interest, I will put it on.

My local convenience store superstar

by

My girlfriend was staring hard at a piece of bubble gum in her hands. “Malik has been giving me a ton of these lately.”

Malik is a nice Pakistani man who runs the convenience store downstairs. My girlfriend regularly chats with him.

“I thought we were friends,” she said. “He made me look at his wedding photos.”

Malik doesn’t ever ring up what you’re buying. He never gives you a receipt.

​​Instead, he eyeballs the stuff you’re holding in your hands — a bottle of water, two cans of beer — and tells you the total. 7 euro 65 cents. Tomorrow, the same basket of stuff might cost 6 euro 30. Or 9 euro 15.

Sometimes, Malik senses he has overcharged you. And without looking at you directly, he senses whether you feel so too. If he ever thinks he’s gone too far, he doesn’t lower the price. Instead, he throws in something extra — a single-serve cookie, a lollypop, a piece of bubble gum. ​​Lately it’s been happening a lot.

For the past six days, I’ve been milking last week’s copywriting conference for email ideas. I will probably be able to do so until the end of this month.

During the copywriting conference, I saw a half dozen presenters go up to the front of the room to give a talk. At the end of each talk, they all sold some existing high-priced offer.

Most of the presenters offered a discount as an inducement to act now, before the conference ends.

But a few of the really smart, experienced, established marketers didn’t lower the price. That’s an ugly habit to get into. Instead, the most sophisticated marketers threw in something extra — a bonus training, a private consult, a piece of bubble gum — to get you to act now before the conference ends.

Simple, you might say.

But it was the difference between money lost and money made. It was also the difference between the adequate marketers and the superstars.

Anyways, I got an offer for you. It’s one I haven’t offered since last summer. It’s my Email Marketing Report.

If you have an email list of at least 2,000 names, and you would like to make more money from that email list, then this Report might be right for you.

My Email Marketing Report is not cheap. But it’s not shamelessly overpriced either.

That’s why there’s no discount, and no piece of bubblegum as bonus.

Even so, you may choose to take me up on this Report, because you see and decide that it can be valuable for you. If you’d like me to help you make that decision:

https://bejakovic.com/email-marketing-report/

Anonymous personal guru

by

“It’s anonymous,” he said. “They never see me or find out who I am.”

I took my face out from the little plate filled with different cheeses. I leaned back in my seat. “So how do you deliver it?”

“It’s just audio of me talking. They don’t see me. And I never say what my name is.”

I was getting excited. “But what about your high-end coaching clients, the ones who are paying you a grand?”

“Yeah, we get on a Zoom call. They do see my face, and I tell them my first name. But they still don’t know who I am.”

During the Gdansk conference, I met a copywriter who’s kind of a big thing on copywriting Twitter. But his Twitter account is anonymous. He only goes by Mercure.

A couple months ago, he launched a couple coaching offers.

The quirky sales page for these offers reads and looks like a detective pulp novel. It’s red font on black background and there’s an mp3 clip at the top, hosted on Soundcloud, that sets the mood with a kind of film noir soundtrack.

The “beginner copy camp” offer sold on this page is 200 euro. The “intermediate copy camp” is 1000 euro.

A bunch of people have bought, at both levels. And they keep buying. Even so, they don’t get to find out who Mercure is.

I’m telling you this for two reasons.

One, because Twitter might not be the meme-filled sewer I always assumed it was. I spent much of the farewell dinner at the Gdansk conference grilling this guy about what he does on Twitter and how. It all sounded very positive.

Reason two is, to remind you that you can do things your own way, and it can still work.

This guy never shares his name online, either on Twitter or to his customers. He never shares anything personal about himself, beyond the fact that he’s a successful copywriter. He says he also never engages in drama or mud-slinging or taking sides.

He has a sales page that looks like it was made by a teenager in 2001 using raw HTML… he makes people submit proof they are actually intermediate copywriters if they want to join his higher-tiered thing… he kicks people out of the coaching if they don’t do the work, and he doesn’t refund them — it’s part of the deal.

And yet, it works.

Maybe you don’t want to get on Twitter. Maybe you have no problem sharing your personal life online. Maybe you like engaging in drama.

All that’s fine. I’m just telling you there really are options. Lots of things can work, as long as you get some of the basics down.

If you want to see some of that in action, then I’ll point you to Mercure on Twitter.

He and I didn’t talk about doing any kind of cross-promotion. He doesn’t know I am writing about him. In fact, we haven’t talked since the farewell Gdansk dinner.

I’m just telling you about him because I think you might benefit from knowing about the guy — either directly, via what he does, or just as inspiration, via how he does it. In case you are curious:

https://twitter.com/MercureCopy

“If you’re a copywriter and you don’t do consulting…”

by

On the last day of the copywriting conference in Gdansk, A-list copywriter Parris Lampropoulos gave his second talk.

As part of the talk, Parris said something encouraging and nurturing:

“If you’re a copywriter and you don’t do consulting — let me put this delicately – you’re a fucking idiot.”

In my email from a couple days ago, I asked readers what they know that they could sell.

I got a lot of responses to that email. Most of the ideas I heard I thought were very sellable. A few I was ready to pay money for then and there.

I wonder what will come of all those ideas. I hope many will in fact turn into something. And maybe Parris’s encouraging and nurturing words above will help somebody transform their sellable knowledge into cash.

If you’re a copywriter… or you like the idea of offering consulting, but something is blocking you… you might like my daily email newsletter. I occasionally share ideas which you might find valuable. Click here to sign up.