Lead magnets

Will work for hundreds of thousands of dollars

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There’s a video on YouTube that shows Dan Kennedy’s cave. It’s where Dan does his writing, and where he receives clients for consults.

Dan’s cave is underground. That said, it’s as bright and cheery as an underground cave can be. The walls are packed with rare Disney memorabilia, exotic money, and clocks. And then there’s a sign that reads:

“Will work for hundreds of thousands of dollars.”

This connected in my mind to something Jay Abraham said.

(By the way, I’ve spent a lot of time listening to Jay Abraham, including the video I re-watched today. I can imagine he’s said this same thing in many places, but it never registered in my head until just now. It’s another example of why it’s worth going back to stuff you’ve already read or listened to.)

Anyways, Jay was saying how you don’t want to just give stuff away for free. First off, you want to make people understand how valuable your free gift is. Second, you want to set expectations. Jay gave some off-the-cuff copy to show what he means:

We’ve spent five years and 50,000 hours studying this. We’ve come to conclusions that, to our knowledge, no one else has. We’ve spent a year and a half refining it. We’ve now put it into a form where you can grasp it and you can act on it. It will instantly impact your performance. It’s the result of looking at billions of dollars of successful transactions.

It would mean a lot to us to share this with you. We would like to gift it to you without charge and buy it for you. But there is an expectation, and it’s a very respectful one:

If we do that, we’d like if you, first of all, take the time to seriously read it and reflect on it and then take action. And we’re hoping it will help you appreciate what we do so that there will be an inclination to want to do business with us later.

It’s this last bit that finally clicked for me. Jay is basically saying, free stuff ain’t free. And you should let people aware of this. Don’t be pushy. Don’t be needy. But do state the fact.

Speaking of which:

I’ve written almost 900 of these blog posts, each of which is first sent out as an email to my newsletter subscribers. By my estimate, they are the result of ~9,000 hours of cumulative work and experience.

This includes tens of thousands of dollars in copywriting coaching… dozens of courses and even more books on the topics of copywriting and marketing… and the experience of 6 years of working on client projects, with many 7-figure and several 8-figure direct response businesses.

I’m saying this because it means a lot to me to share these posts with you. I hope you get value and entertainment out of them. I also hope they will, as Jay says, give you an inclination to do do business with me later.

Speaking of which:

If you want to do business with me, the first step is to get my free (well, debatable) email newsletter. Click here if you’d like to sign up.

An inspiring case study plus Dan Kennedy’s best stuff for cheap

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Today I want to share an inspiring business case study with you, plus how you can get Dan Kennedy’s best teachings for cheap.

First the case study:

I’ve followed the writing of a guy named Glenn Allsop for years. Glenn writes about SEO and business opportunities. He’s very smart and very dedicated and very willing to share just about everything on his blog.

And Glenn just came out with a big new post titled, Generating Six-Figure Profits from $40 SEO Audits.

It’s just what the title says — amazing when you consider that an SEO audit is something most people can’t give away, much less make a business out of.

There’s a ton of valuable ideas in Glenn’s post, and if you’re offering any kind of service (copywriting, design, video…) it’s worth reading in full. But today, I want to share just one thing that I found most striking out of the whole case study.

Because really, why would a highly successful guy like Glenn waste his time doing tiny $40 jobs, even if it did result in decent profits? He has other business ventures that could earn him much more.

But here, from Glenn’s article, are a few things that came out of all this $40 work:

I’ve advised CMOs at billion dollar brands. Audited the official site of a major European football league (one of the big five). Directly connected with the owners of multi-million dollar per month affiliate sites, and spoken with the founders of dozens of TechCrunch-featured companies.

A $40 audit started our interaction, but then so many more things came as a result of these. Especially when people see how I look at their websites and point out things they just hadn’t thought of.

This brought to mind something I heard Rich Schefren say he heard Dan Kennedy say:

“Put your best stuff in your lowest-priced stuff.”

Glenn took this to an extreme, by actually doing per-hour, custom work for people. You may or may not want to do that. If you don’t, you can still create some kind of low-priced offer — a book, a course, a 10-minute sample of what you do — and make it absolutely amazing.

You never know who will take you up on your bargain-basement offer… or how much money they will be willing to spend with you after. That’s how Dan Kennedy got a lot of his clients, according to a recording I heard of him recently. And that’s why, if you want the best stuff that Dan has to offer… you will find much of it available for a few bucks a piece, right on Amazon.

Perhaps that’s not what you were hoping to hear. In that case, I can tell you you won’t like my email newsletter, because it’s filled with obvious value, rather than “secrets” or urgent opportunities.

However, if you are a reader, and you’re patient, then my email newsletter might suit you better. If you’d like to give it a try, here’s where to join.

My little-known history as an Amazon ebook hack

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A-list copywriter Bob Bly just sent out an email about the National Emergency Library. I’d heard of this initiative but I didn’t bother to look it up until now.

Turns out, the Internet Archive is scanning books and making them freely available online during the corona situation. That’s the National Emergency Library. To which Mary Rasenberger, director of the Authors Guild, said (and I quote from Bob’s email):

“[It is] no different than any other piracy sites. If you can get anything that you want that’s on Internet Archives for free, why are you going to buy an ebook.”

I don’t know about you, but to me this sounds like the old argument about sex and marriage. Why buy the cow, when there’s an app that hooks you up with free milk, even at 3am.

And yet… plenty of people are still getting married these days. How come? Riddle me that, Mary.

But seriously, here’s a little-known fact about me:

For about a year of my life, I eked a meager living by writing ebooks and selling them through Amazon Kindle publishing. (Don’t search for the books because they were all published under pseudonyms.)

I actually sold thousands of copies of these books — but it didn’t mean much. Kindle ebooks sell for a couple of bucks each.

Thing is, had I known as much about marketing back then as I do now, I wouldn’t have failed or given up on my Kindle publishing dreams.

That’s because selling books on Amazon (or really, on any outside platform) is not a good way to make money. It is, however, a fantastic way to get highly qualified leads who have tried a glass of your milk, and who want more.

That means you can get these folks over to your site and sell them more milk — maybe at a higher price than what Amazon encourages you to charge.

Why stop there though?

If somebody likes you and knows you and trusts you, why limit your offer to a carton or two of milk?

Instead, take your new-found customer by the hand to the back of your property… open the barn door… and introduce her to your gorgeous cow. It might be just the bovine your customer has been looking for all her life.

In other words, if the National Emergency Library, the National Milk Authority, or any other pirate institution starts giving away samples of your money-maker for free, it might not be the end of the world. It might even be the start of something great. As multi-millionaire marketer Joe Sugarman once said:

“Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The greatest success stories were created by people who recognized a problem & turned it into an opportunity.”