Pricing

Mysterious copy chief gets me moving

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Back in May, I wrote about the mysterious Mercure. That’s the pseudonym of a guy with a big following on copywriting Twitter.

Mercure ​​only reveals publicly that he is the copy chief of $10M company. He offers coaching to copywriters without them knowing his real name or even seeing his face.

(I happen to know Mercure’s real identity because I met him in real life. But I ain’t telling.)

Two weeks ago, for reasons of his own, Mercure bought himself a ticket to the Most Valuable Email show. He wrote me a few days later to report an “aha!” moment:

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Whew, what can I say! It’s a rollercoaster! I loved it!

It resonates with my way of writing, and puts some words and ideas on otherwise unconscious processes.

It wasn’t easy to follow at times, and it did require my full attention, but that’s due to the (circular) nature of the idea. Your fluid writing actually made things easier to get. And your choice of examples make everything clear in the end.

Truth be told, it did get me a “Aha!” moment, concerning my current sales letter, product, offer, and future newsletter. I’m now curious to see how it can be applied to others niches, even though you did say it may or may not work. I think it can, as it appears close to some of the “techniques” I’ve been using in the supplement niche.

All in all, I believe Copywriters fascinated by the architecture of persuasion will appreciate it a lot and find it indeed most valuable.

I think it deserves a second and third read to grab onto the smaller details, that’s what I’ll do in the coming days.

So thank you very much for this! I’ll be focusing on implementing the many lessons now. 🙂

===

It always warms the old heart-cockles to get an endorsement like that. But Mercure wrote me something else that wasn’t as cockle-warming:

“I think you should absolutely raise your prices. 100 for MVE is a steal (I believe it.)”

Mercure told me he raised his prices for the group coaching he offers. Twice. Result:

* Less demand for his coaching
* Less work to do
* More money coming in

So while I wasn’t too happy to hear this message — I fight like a dying man against making any kind of change — I decided it was time to finally listen.

Like I announced yesterday, I will increase the price of Most Valuable Email from $100 to $297.

The price will change in two days’ time, on Tuesday at 8:31pm CET.

If you’d like to get Most Valuable Email, or rather steal it, before the price changes:

https://bejakovic.com/mve

They laughed when I created a payment plan, but when I jacked up the price…

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This past Tuesday, I created a new, mildly troll-like “financed payment structure” for my Most Valuable Email course. Just $97 today… plus three easy $1 payments each 30 days.

I did make some sales with that new payment structure. But what I did not expect is the sheer amount of laughter, chortling, and knee slapping this aroused.

I got a lot of LOLOL, funny, this is hilarious af 😂😂😂 replies. One particularly amused reader wrote in to say:

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HAHAHAHAHAHAHA

I’ve been laughing at this checkout page for longer than I’ve laughed at ANY standup comedian’s joke.

‘just thought about it again and had to laugh (again) before typing this sentence.

It’s the most absurd thing I’ve seen in ages!

I FUCKING LOVE IT!

Gotta take the ‘sting’ out of those one hundred bucks!

===

I’ve since removed that financed payment structure — as I said, it was destined to disappear without ceremony or notice. MVE is back to its usual one hundred bucks price. But soon, it will be time for a new payment structure, with much more sting:

I’ll be raising the price of Most Valuable Email from $100 to $297, effective next Tuesday, July 22, at 8:31pm CET.

I’m deadly serious about this price increase.

I realize that doing so on the heels of a trollish “financed payment structure” might not get me taken the most seriously.

But this is not a stunt, and not something will reverse like I did with that $97 + 3x$1 setup.

This is a genuine price increase. If you’re curious, I will have my explanation and reasoning for it over the next few days. Or in case you’d like to get MVE before the price triples, and you don’t want to risk missing the deadline as so often happens:

https://bejakovic.com/mve

Announcing new financed payment structure for Most Valuable Email

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This past May I went to the one and only copywriting conference I have ever attended. Trevor “Toe Cracker” Crook, who organized the conference, got up on stage on day two to give his presentation, all about creating outrageous offers.

Trevor had something like 9 points to cover. And then he got into the 10th, which was a pitch for his paid offer, something called Silent Sales Formula.

The structure of Trevor’s offer went like this:

* Access to Trevor’s Own The Casino training (a $5,970 value)
* 3-7 Zoom calls with Trevor for the rest of 2023 ($5,000 value)
* All for an affordable $497 today, and then “9 financed payments of $497 every 30 days”

Trevor made it clear this was not a subscription offer, and you could not hope to cancel after the first month, or really at any other month.

I remember talking to some of the marketers and copywriters after the fact. We were all confused by that payment structure. It seemed to put a kind of anti-demonstration on Trevor’s otherwise excellent presentation about great offers.

It turns out I and the people I had been talking to were probably wrong, and Trevor was probably right.

I say “probably,” going by the other successful marketers I have seen since, offering exactly the same pricing structure:

I saw Sean Anthony do it recently for his High-Ticket Email Conversion Workshop ($590 today + 4 more payments of $590). I saw Justin Goff do it last week for the 7-Figure Email course he was promoting ($97 today + three future payments of $297).

You might think this is just a payment plan.

But for all these folks, there was no option to pay in bulk, and there was not really any talk of the total price. It seems the main reason for this pricing structure is a kind of reverse price anchoring. What you pay today is quite affordable, and the rest… well, the morrow shall take thought for the things of itself.

As you might know, I am all about taking effective marketing strategies and putting them into practice.

And so I would like to announce I am stealing this idea from Trevor and Sean and Justin.

I have changed the payment structure for my Most Valuable Email course.

Before, the course was much more expensive than it is today — though still grossly underpriced for the value it delivers.

But I’ve changed all that with my new financed payment structure for MVE.

Now, you can get started with Most Valuable Email for just $97 today + 3 financed payments of $1, each 30 days.

You might not believe me. You might think I’m a joker. You might think I’m trivializing an otherwise valuable marketing idea. So check for yourself.

In order to do that, you will have to click through to the page below… scroll past all the big claims I make about MVE (build your authority, grow your email list, create exciting new offers out of thin air)… skirt the towering wall of testimonials… turn right at my guarantee that puts John Carlton and Gary Halbert to shame… and then click on the “Yes I want to learn the Most Valuable Email trick” button.

You will then see my new financed payment structure in action.

I don’t make any promises about how long I will keep this generous payment option up, but right now it’s there. Check for yourself:

https://bejakovic.com/mve

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

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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.

Not comfortable asking for more money?

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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:

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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.

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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

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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/

Invest in your 1000 true high-paying fans

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On February 1st, I got an email with the subject line, “Invest in your newsletter.”

“I sure like the sound of investing,” I said to myself. “And I do have a newsletter.”

The background is this:

I had recently signed up for Beehiiv, which is something like Substack, only you have to pay a monthly fee for it.

Beehiiv was created by Tyler Denk, who was an early employee at Morning Brew. Morning Brew is now a $75+ million business, based around a daily email that covers the day’s business news.

I signed up for Beehiiv because I’ve started a Morning Brew-like newsletter. It has nothing to do with marketing or copywriting, and it’s in a different format than what you are currently reading.

So that’s the background. Now that we’re caught up, let’s get back to that February 1st “Invest in your newsletter” email.

Tyler of Beehiiv was writing me that email to give me the opportunity to pay him $499 for his course on starting a newsletter.

So I did.

​​I sent Tyler $499 and I got access to this course, called Newsletter XP. And I got to listen to a bunch of big people in the newsletter space, including Morning Brew’s founder and CEO, share their ideas experiences on content strategy and growth and newsletter monetization.

People in this “newsletter operator” space don’t seem to be as miserly as people in the direct marketing space about sharing ideas that are normally behind a paywall. In fact, Tyler encouraged people to tweet the most valuable ideas they got from his Newsletter XP course.

I don’t tweet, so let me email you the most valuable idea I got from this course.

This most valuable idea came in the next-to-last session. One of the guests in that session was Codie Sanchez.

​​Codie runs Contrarian Thinking, a newsletter with some 250,000 subscribers, about buying and selling businesses. She’s built an eight-figure info business off the back of that newsletter, plus maybe several other 7-figure businesses also, plus I guess even the newsletter itself pays her well since she can promote relevant money-related offers.

And maybe most impressive of all, Codie has done all this since corona started.

Anyways, here’s what Codie said that I found most valuable:

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I sort of believe your 1000 true fans — Kevin Kelly talks about this — they’re actually the fans you should charge the most to. Because they are your biggest fans. And where most people screw up when they do paid products is they launch their first product for $10 a month. Their 1000 true fans buy it for 10 bucks. They have cultivated this group of people who buy too low priced of products, which doesn’t allow you to create a real business which can further serve them.

===

That’s it. That’s the most valuable idea that stuck with me from the first time going through Newsletter XP.

I’m thinking about it as I work on building up, and monetizing my other newsletter.

Maybe it’s something you too can think about if you are creating an audience, a list, a newsletter, whatever. Maybe you can think of it as the difference between salting the soil in your garden, just because salt is cheap and easy to get, or investing a bit of time to plant a walnut tree that actually takes root and provides shade and fruit for you and yours for years to come.

But enough of the Magic of Channeling Warren Buffett.

Unrelated to the core of this email, if you want to invest in copywriting skills, which can help if you are building up an audience or an email newsletter, I have a quick, compact, exercise-based course on that. For more info on it:

https://bejakovic.com/cr

Going where no one has gone before?

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I have this unfortunate flaw in that I wake up every day, thanks to some internal alarm clock, which always rings earlier than I want.

Today it was 6am. I sat around in the dark for a while and then, at around 7, I went out for my morning walk.

At 7am on a Saturday in Barcelona, two worlds overlap.

I walked down the street, turned a corner, and saw a flash of naked ass. A girl was pulling up her leather pants, on the curb next to a small tree and some recycling containers. I guess she had just peed. Her friend stood guard but was facing in the wrong direction, away from where I and a few other people were coming and witnessing the shame. Pants up, the two oblivious girls staggered off drunkenly towards home.

That world, of people who hadn’t yet gone to bed by 7am, is one world.

I kept walking and the beach opened up before me. And the second world, the world of early-rising people, was already busy at work there.

A woman was holding her dog on a leash and yelling at her other dog to stop fooling around because it was time to go home. Two boys were kicking around a ball in the sand. And in the water, thanks to the large and rolling waves — not a common sight in Barcelona — there were some surfers.

Maybe you’re wondering whether there will be any hard “point” to today’s email. The point is this:

Down by the concrete pier that juts out into the Mediterranean, there was a clump of maybe a half dozen surfers. They were all bunched up. The waves were steady there and every 30 or so seconds, one of the surfers would catch a wave.

Meanwhile, further away from the pier, there was another surfer by himself. Every few minutes a small wave crested where he was waiting. The surfer would make an effort at catching it, but it was too small. As far as I saw, he never caught a wave, but he made a show at it.

And then further still, in the middle of the beach, there was yet another solitary surfer. He was bobbing up and down as the sea swelled underneath him. But he didn’t even have a wave to pretend to catch.

I think my point is clear, but if not:

It’s good to be different and distinct. It helps people make up their minds quickly about you. But if you rely on natural forces for motion — waves, money, desire — then you want to put yourself in a place where those things are moving.

It might seem clever and easy to go where nobody else has thought to go. Maybe you will get lucky. More likely, you will just bob around stubbornly in the cold water, while others, just a few feet away from you, have all the fun.

That’s most of my motivational message for you for today. And then there’s still the following promotional material:

My offer for you today is my Copy Riddles program. As I have said before, this program is really about going where the waves are:

– It’s about a proven way to write winning copy that’s been endorsed by A-list copywriters like Gary Halbert, Parris Lampropoulos, and Gary Bencivenga

– It features a bunch of examples from sales letters written to perennial markets, including finance, health, and personal development

– It gets you working alongside some of the top copywriters of all time who, whether by instinct or by design, knew how to tap into human desire where it was flowing

If any of that moves you:

https://bejakovic.com/cr

The trouble with selling prostitute interviews you gave away for free

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About six months ago, I wrote an email about a prurient new obsession I had developed with the YouTube channel Soft White Underbelly.

Soft White Underbelly features thousands of in-depth interviews with people on the outside of mainstream society:

Drug addicts… homeless people… prostitutes… escorts… child abuse victims… inbred Appalachian families… gang members… a high-level mob boss… a strychnine-drinking Pentecostal preacher… a conman who ran real-estate frauds totaling in the tens of millions of dollars.

Then, a couple days ago, I read that YouTube had demonetized Soft White Underbelly.

​​SFU videos are still available to watch on YouTube. But they won’t come with any ads, and so they won’t make any money for Mark Laita, the photographer behind the Soft White Underbelly channel.

I tried to do some back-of-the-envelope math for how much money that actually was.

Over the past 30 days, Soft White Underbelly had a bit more than 12M views. Using the low-end rate of $3/1k YouTube views, that comes out to $36,000 over those 30 days, or about $430k per year.

That’s a sizeable chunk of cash to disappear from one day to the next.

My point?

I guess I could tell you the same old story, one you’ve probably heard a million times before:

Don’t rely on anybody else’s platform. Have your own platform — such as an email list — which you control.

The trouble is, Mark Laita already has that. He has his own site, where you can subscribe for $8/month to get all that stuff that’s on YouTube, plus some “exclusive content” in the form of more videos exactly like the stuff that’s on YouTube.

The welcome video to the SFU YouTube channel invites you to subscribe on the paid site. And in that video about being demonetized, Mark also tells people who can afford to do so to get the paid subscription.

Will that replace the income from YouTube?

I have my doubts, for several reasons. The most important reason is this:

It’s hard to sell the exact same thing you’re giving away for free. It’s even harder to sell it there’s a bunch of your free stuff still lying around.

That’s just human nature.

Laziness. Entitlement. Plus, a bit of common sense. If there are already thousands of prurient Soft White Underbelly videos on YouTube, most of which I haven’t watched, why should I pay to get a few more each month?

But here’s what I would tell Mark Laita, and maybe you, if you’re in a similar situation:

This is not really a big problem.

Because it’s easy to sell a slightly different thing to what you’re giving away for free. You can even sell almost the exact same thing, only renamed and repackaged in a sexy way.

So for example, Mark Laita has thousands of video interviews. Instead of selling more of the same, he could repackage some of that content in a different ways:

* He could sell a coffee table book of photography — stills from his videos. (He already has these photos in the videos themselves.)

* He could sell transcripts, packaged up as fancy printed books, or low-end kindle ebooks.

* He could create “themed documentaries” which are really his different videos pasted together. The effect of absentee fathers… the drug scene in east LA… massage parlor confessions.

Of course, there are also many other things Mark could sell congruently on the back end of his YouTube Channel. The above are just a few ideas for things he could sell with practically no additional thought or work.

So like I said, that’s my advice for you too, in case you create a lot of content, which isn’t making you money direct now.

Take that free content, repacakge it, rename it, and stick a (preferably large) price tag on it.

People will buy it, and get value out of it, even if you gave it away for free before.

Of course, maybe you are too close to your own content to see how it could be repackaged or renamed in the most sexy and profitable way. You might be able to find some good ideas on that in my free daily email newsletter. Click here to sign up for it.

Regular price: Very expensive. Recession price: Very expensive

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Back in 2009, as the mortgage crisis turned into a recession, a men’s clothing store in NYC put up signs in its storefronts that said:

“Cashmere sweater: $2,500. Recession price: $2,500.

“Lamb’s fleece jacket: $11,000. Recession price: $11,000.”

As you can probably imagine, some passersby burst into the store, fuming and asking to speak to the manager about the shameless tone of those ads. And at such a time!

But other passersby saw the sign, remembered that they urgently wanted to splurge on something expensive, and came in and bought an overpriced lamb’s fleece jacket.

Fast forward to today:

I don’t read the news and so I was convinced that we are now in a recession, and have been in one for some months. But I did check the news just now, and it turns out to still be a matter of uncertainty, of anxiety, of will-he nill-he, of how-do-you-define-it. A few things are certain:

1. The economy has shrunk for two quarters in a row

2. Stocks have lost 18% of their value since the start of the year

3. Ocean shipping rates have plunged 60% this year

So do all those useless numbers that mean it’s time to raise your own prices to shameless levels… keep them there in spite of the current and coming economic pain… and even proudly advertise the fact?

Well, that’s for you to decide. To help make up your mind, you might want to give a listen to the talk below. It was given by crusty but highly successful marketer Dan Kennedy, back in 2009.

I first listened to this talk two years ago, during “these uncertain times” of enforced lockdowns and economic inactivity. It was one of the most enlightening marketing talks I’d heard in a long while. It remains so, and so I revisit it from time to time.

Only thing is, if you’re easily offended, you’ll definitively want to skip this talk. In fact, Dan Kennedy says at the start that, out of the thousands of talks he’s given in his life, this was the only time he got a complaint letter ahead of the talk itself, and not just after.

So consider yourself warned. If you’re still up for it, here’s where to go:

https://mikecapuzzi.com/dan-kennedy-presentation/