James Altucher

Idea sex positioning

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“Star Wars on Earth”

That was the initial four-word summary of Top Gun, in the mind of its producer Jerry Bruckheimer.

I’ve read much of Hollywood works this way.

Take an existing successful idea… combine it with something else… and boom, you got yourself the next Avatar (“Dances with Wolves in space”).

James Altucher calls this idea sex.

It’s not just a way to make the next Hollywood blockbuster. It’s also a great way to come up with new business ideas. For example:

I once found the “S&P 500 of the vacation rental industry.” The company is called AirDNA, and just from that short description, it’s pretty clear what it does. From what I could find, AirDNA revenue was $8 million a year.

Instacart was “Uber for groceries.” So much so that last year, when Uber launched its grocery delivery service Cornershop, Instacart sued. No wonder Instacart is feeling territorial. The 2020 valuation for Instacart was over $13 billion.

But what if you’ve already got a business are you’re not looking to launch a new idea?

You might still be able to use idea sex to give your business better positioning.

Just look for an analogy. Ask yourself what your business is similar to, or could be similar to.

“The Best Buy of the adult industry.”

“The Louis Vuitton of festivals.”

“The Nike of e-sports.”

You might have to change what you do a bit… or drop some things you thought were core to your business.

But do it right, and you will have powerful positioning. And that means you will make more money, with less work.

Ok, so much for positioning. Now on to the pitch:

I write a daily email newsletter. It is like the Far Side, but about marketing and copywriting. If you’d like to try it out, click here to sign up.

Slow readers of the world, unite and take over

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It’s one of the most upsetting ideas I’ve read recently:

James Altucher wrote a few weeks ago that we each have maybe 1000 books left in us to read, for the rest of our lives.

The math checks out: 20-30 books per year, for about 40-50 years more of living and reading.

That’s a depressing thought to me. Books are one of the main ways I get any ideas and insights. But it gets worse:

Because when I read, I’m as slow as a tortoise after lunch.

Last year, I read only 10 non-work related books (“Le Morte D’Arthur” took me 5 months to finish) and maybe another 7 work related books (some of which I was reading for the second time). And that’s in spite of taking time out to read every day.

By Altucher’s calculation, at this rate, I will only read 799 more books by the time I croak at my pre-appointed moment of 87 years young.

That’s depressing.

But wait, you might say, surely there are ways to learn to read faster?

I guess there are. But I am resistant to them. For a long time, my only justification was stubbornness.

But then I thought about why I rarely get any value out of “Cliff’s notes” summaries of books, even ones I’ve put together myself.

And that’s why I want to leave you with a throwaway (but valuable) idea that Dan Kennedy shared once during a seminar.

This idea might make you feel better if you too are a slow reader like me.

And if you are not, and you whiz through text, or you have clever hacks to condense and speed up content so you can consume more of it faster, it might make you consider slowing down.

Anyways, here’s the idea. At the start of a seminar DK once gave on being a more successful copywriter, he said not to worry about taking notes.

Kennedy said that if you come away from the seminar with 20 pages of notes, then he has failed. But if you come away with three or four things you are determined to change, then he has succeeded. And he summed it up with the following insight, which I want to leave you with:

“You don’t get value out of what I say, but out of what you think of when I say it.”

Here’s a final warning:

If you are focused on getting the most quality reading done for the rest of your life, it probably makes no sense to read much stuff on the Internet.

But if you don’t heed this warning, then you might like to read the email newsletter I write each day. Think about it carefully… and if you so choose, go here to sign up.

2021 un-goals

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One year ago, I sent out an email to my un-newsletter subscribers with the subject line,

“Why goals and I broke up and are no longer talking”

In that email, I wrote about how I’m ghosting goals such as, “I want to make $xyz in the next year.” The reason was I used set goals like this for years — and I never achieved them, or even came close.

Instead, last year I decided to move on to something James Altucher calls “having a theme.” It’s a direction you want your life to move in.

So at the end of 2019, I set three themes for my 2020. They were:

1) more money

2) a project

3) some fun

I feel I’ve been successful in moving in each of those directions. I made more money in 2020 than I had in the previous four years combined… I searched for a side-project until hitting upon the Masks on a Plane newsletter idea about a month ago… and as for fun, well, we can talk about that in private.

Maybe you say, it’s all a coincidence. And maybe you’re right.

So I am running a new experiment for 2021, with a new set of themes, building and tweaking the ones I had in 2020. If you like, I’ll let you know in another 365 days whether themes turn out to be 2/2 in helping me move forward in life. You can subscribe to my un-newsletter here to make sure you get that update.

And if you too have tried setting goals only to realize 1) you haven’t achieved them and 2) you don’t even care, then give themes a try for 2021. They might help you achieve the breakthrough you’ve been waiting for.

Plagiarizing on the shoulders of giants

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Nobody called me out on it.

For the past four days, I’ve been sending out plagiarized emails. I would have kept going too, but I ran out of source material to abuse.

So on Saturday, I sent out the email “What I learned from copywriting.” That was plagiarized from James Altucher’s “What I learned from chess.”

On Sunday, I sent out “Stop caring what people think.” That was plagiarized from Jason Leister’s “Just tell me what to do.”

Monday was “Why I didn’t collect my $10.5 million.” That was plagiarized from Mark Ford’s “Why I wasn’t loyal to my broker.”

And yesterday I sent “How to create a selling style people love to read.” That was actually Ben Settle’s “How to create a writing style people love to buy from.”

If you are compulsively curious, track down the originals and then take a look at my plagiarized copies.

Because it’s not just subject line I plagiarized.

I plagiarized the content too. Especially the structure. Even entire sentences.

(By the way, I picked these four writers to plagiarize because 1) they send out more or less daily emails… and 2) they are the only people whose emails I more or less read each day.)

But here’s my point, and perhaps something that will benefit you:

I’ve spent a hundred hours or more hand-copying successful sales letters. I think this practice had some value. It forced me to slow down and actually read the damn things. But I don’t buy into the whole magic of “neural imprinting,” which is supposed to happen when you copy stuff by hand.

Instead, I’ve found plagiarizing to be much more useful.

Plagiarizing does double duty. It first forces me to look at copy critically, and ask, “What is this guy really doing here?”

For example, for the Jason Leister email, I came up with the following skeleton underlying the flesh of his writing:

* where I was before
* how that benefited others, why that was, all the wrong places I was looking
* realization of what will happen if I continue this same way
* what I do now
* what that does NOT mean
* bring it around to you
* analogy to reinforce
* diagnostic question you can ask yourself
* exposing all the reasons and assumptions that kept me where I was
* bigger consequences, or bigger context of this single issue
* inspirational takeaway if you do, and uninspirational takeaway if you don’t

I find this is much more effective than hand copying ads for learning. It seems to sink into my memory better, and it impacts how I write copy weeks and months later.

But that’s only half the exercise.

Because once you “chunk up,” you then have to “chunk down.” You actually write a new piece of copy with the same skeleton.

And that’s what I mean by double duty. Not only does this exercise help me learn… but it also produces a serviceable piece of copy. Often, it produces something better than what I would have written on my own.

With plagiarizing, I’m earning while I’m learning. Which is why, if you’re looking to get better at copywriting, I recommend shameless plagiarism to you too.

You can plagiarize my stuff if you want. Here’s the optin for my daily email newsletter.

Don’t bring a knife to a proof fight

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Continuing on yesterday’s discussion about proof, there is the following sad fact:

If you are a copywriter trying to prove your case, you might be forced to squeeze juice out of a dry and withered lemon.

Most often, that consists of stacking up a few weak testimonials, and maybe including an unremarkable mechanism.

Don’t get me wrong. This kind of proof, dry and withered though it may be, is still better than nothing.

But in a way, it’s like that scene in The Raiders of the Lost Ark, where Indy comes into a crowded marketplace, only to be faced with a black-robed giant who’s wielding a scimitar.

The black-robed giant laughs and does some fancy sword waving.

And then Indy pulls out a gun and shoots him.

Lesson being, don’t bring your testimonial knife to a proof fight. Somebody out there will shoot you.

But if testimonials are the scimitar equivalent of proof, then what is the equivalent of a gun?

Well, just take a look at all the direct response giants.

Guthy-Renker…

Agora…

Golden Hippo.

All these billion-dollar companies don’t use just endorsements or testimonials to prove the worth of their products. Instead, their entire offers are built around gurus with a following, credibility, and authority.

People like Tony Robbins… or James Altucher… or Steven Gundry (okay, maybe not a terrible amount of credibility there).

Point being:

You might not be able to get a famous and successful person to be the face and heart of your new product. But with a bit of thinking, you can find ways to bake the proof into your product, rather than sprinkling it on as a dry and withered afterthought.

On an entirely unrelated topic:

I have an email newsletter. It’s all about persuasion insights and strategies. Want proof that it’s worth reading? Tony Robbins is my editor. If you want to sign up and see what Tony and I have to say, here’s where to go.

Shutting the drawer on the Rule of One

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“One good idea, clearly and convincingly presented, was better than a dozen so-so ideas strung together. That rule made a difference. When we obeyed it, our essays were stronger. When we ignored it, they were not as powerful as they could have been.”
– Michael Masterson

I first read about the Rule of One in Michael Masterson and John Forde’s Great Leads. You get a feel for the rule in the quote above. In a nutshell:

Focus on one idea, one emotion, one problem — not a dozen.

I read Great Leads early in my copywriting education, and the Rule of One sank deep into the fresh soil of my newbie brain. I’ve been following this rule ever since. And here you are, reading what I write.

Only one problem though.

Even though Michael Masterson says his favorite essays and stories all follow the Rule of One, I can’t say the same. In fact, I can think of lots of great content that looks and reads like a grocery list:

– James Altucher’s post “11 or 12 Things I Learned About Life While Daytrading Millions of Dollars”

– Dan Ferrari’s email “35 direct response lessons from 35 years on Earth”

– The Every Frame a Painting video “Akira Kurosawa – Composing Movement” (which covers five ways that Kurosawa used movement in his shots)

But you might say, those are all examples of content, not sales copy. All right then, here’s a relevant quote from Gary Bencivenga about sales copy:

“I know this sounds like heresy, but I’d much rather have in a good direct mail package three or four or 10 good reasons to buy, than to have to sacrifice nine of them in favor of the one USP. The USP really can be misapplied to direct marketing where you have the luxury of closing the sale on the spot and can give one dominant reason to buy but also seven or eight other reasons. You don’t have to abide so religiously to a single Unique Selling Proposition.”

Maybe I’m simply misapplying the Rule of One, or maybe I don’t understand what it really says. And I do think there is value in focused writing.

But for me personally, I am moving the Rule of One from the “rule” drawer and into the “tool” drawer. Focusing on just one idea can be useful in a given situation… but it’s not something to obey blindly. Perhaps you’ll consider whether this makes sense for you too.

Anyways, if you’re interested in reading James Altucher’s post above or watching that Every Frame a Painting episode, both are easy to track down on the Internet.

Not so with the Dan Ferrari email. Dan doesn’t archive his emails anywhere. So if you want to get them when he sends them out, you’ll have to be on his list.

And even then, you might have to wait a while, because Dan emails very rarely. (I guess he’s too busy counting all the zeroes on his royalty checks.) But when he does send something out, it tends to be great, like the “35 lessons” email above. So if you want to sign up to Dan’s list so you don’t miss his next (sporadic) email, here’s where to go:

http://www.ferrarimedia.com/

4 daily email newsletters you might like

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I’m subscribed to several dozen daily newsletters.

Reading most of them is a chore.

In part, that’s cause they all come from Agora or Agora-like companies.

And they either deal with stock tips and gold rush advice…

Or health information about diseases I haven’t heard of, at least yet. (Macular degeneration, when you arrive, I will be ready.)

I slog through these emails each day because email marketing is my job.

But among these dull but important emails, there are a few email newsletters, which arrive daily or even multiple times a day, that I actually open up and read with some personal interest. Here they are:

#1. Simon Black

“America is going to shit and you better have a plan B for when it happens”

That’s the summary of International Man, run by Simon Black.

The thing is, Simon writes interesting emails. There’s always some little history lesson, written as a simple story. I find myself intrigued and educated.

Word to the wise: Simon’s subject lines are pretty dull and too matter-of-fact. Try opening up his emails even if the subject line doesn’t catch your attention.

#2. Newsmax

I mentioned Newsmax a few days ago.

It’s a giant newsletter about news from a conservative standpoint.

All of the stories in Newsmax will get your blood pressure up, whether you vote left, right, or not at all.

Plus, you will get links to some of the most shameless sales letters running on the Internet right now.

#3. Ben Settle

Ben settle didn’t invent daily emails. But he did a lot to make them popular.

He did this by being surprising and polarizing.

Even after many years of reading Ben’s emails, I still open and read them each day.

#4. James Altucher

I only started reading James Altucher several months ago.

He is multimillionaire former hedge fund manager and failed entrepreneur.

He writes long blog posts that get sent as emails as well.

His emails are personal, funny, and interesting.

But James also seems to be backed by some Agora company.

So the interesting and personal stuff that he writes is interspersed with cutthroat sales copy for getting rich off marijuana penny stocks. Just so ya know.

#5. That’s actually it. The above 4 are the only daily newsletters I enjoy reading.

​​But while preparing to write this email, I typed “daily emails” into Google. And I subscribed to a bunch of newsletters I had never heard of before:

– Uptown Messenger (about where to buy drugs in New York City?)
– the Skimm (possibly about the milk industry)
– PRSUIT (of missing vowels)
– Londonist (about things to do in London, where I don’t live)
– and something called “A Season of Grief,” which apparently sends you inspiring daily emails to help you cope with a death in the family

I can’t wait. I’ll keep you updated. But before you go, there’s one more:

#6. Your recommendation.

Do you follow any newsletters (daily or not) that you actually enjoy reading? (Besides mine, of course.)

If you do, please let me know.

This is not just an engagement tactic. I’m planning on putting together a weekly (not daily) newsletter about email marketing soon.

So you’d be helping me out. And I’d give you due credit in the first edition of that upcoming newsletter.

Just click here, and if you’ve got a hit tip for me, send me the juice.

An ode to hate and burnout

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I worked late last night.

In fact, I worked from around 9:30am, into the afternoon, and, with a quick break to go for a swim, until around 10pm.

Along with working on my own projects, I had promised a client I would deliver some copy — an advertorial and a FB ad for a new product. And though it wouldn’t have been a major crisis had I not delivered last night, the promised deadline drove me to finish.

And I did. I got both the advertorial and the FB ad done. I was happy with the copy.

But I’m paying for it today. I feel burned out.

I’m staring at my feet.

Hours are passing and my daily todo list remains untouched.

I might fill up a bucket with ice water later and dunk my head in it over and over.

The point is that, for me, work never seems to get easier. I know I don’t deal well with long workdays. That’s why I’ve organized my life so I almost never have them. But even when I churn through my usual, not very taxing days, I have to will myself to work.

Even though I like my work.

Even though I’ve managed to create a comfortable life for myself by working this way.

In other words, even though I’ve “arrived” by any criterion I would have set for myself 5 years ago. This reminded me of something I’d read in a James Altucher post a few weeks ago:

I got an email, “You’re ugly. Shut the F up.”

It was the first time I got hate mail. I had an opinion about the stock market, wrote it, then got this email. It was 2002.

I showed a friend of mine. “That’s a badge of honor. It means people are paying attention to you.”

“Or it could just mean people think I’m ugly.”

Altucher writes that after almost 20 years of being in the spotlight, after 20 years of getting such messages, it still hurts him when people say hateful things to him. Which to me was reassuring. Here’s a guy who’s much further along than I am. And he still struggles.

I’m not sure that, with my fried brain today, I can formulate the point I’m trying to make. But there is a point. Maybe you can see it.

Anyways, if you’re looking to find out how I write advertorials, and how I manage to get the research and the writing squeezed down to its most efficient form, you might be interested in the following:

https://bejakovic.com/advertorials/