Rich Schefren

The Son of 4-Hour Work Week

by

“There is an inverse relationship between the value of knowledge and what people are willing to pay for it. The most important things in life you’ve probably heard a hundred times before, but you’re not paying attention. When you’re in the right place and you hear it, you have that ‘aha’ moment and everything changes.”
— Mark Ford

In 2007, Tim Ferris published The 4-Hour Work Week.

The book had great kairos. It hit the New York Times Best Seller list, stayed there for four years, and sold over 2 million copies.

And it wasn’t just 4HWW. Around the same time, lots of marketers were telling you how to make good money online by building lots of tiny niche websites… or publishing dozens of crappy ebooks… or in general making some hit-and-run cash grab.

I’m sure you can still find these kinds of offers floating around the Internet. But my feeling is — and I could be wrong — that the zeitgeist has changed.

For a while now, the pendulum has swung in the other direction.

That’s the direction of building a real business, a personal brand, of creating an asset. Like Rich Schefren said recently (I’m paraphrasing):

“Why would you want to have a job that you hate so much you only do it for four hours a week? Why not build a business that you love to work in every day?”

The thing is, markets get saturated. People get bored of hearing the same message, even if it is completely on-the-money.

And my suspicion is, right now, the pendulum of “Build a sustainable business” is at its peak.

I hallucinate the pendulum will come swinging down soon. People will again be ready to hear the message that you can make passive income, and that money-getting can be reduced to an occasional unpleasant chore, much like going to the dentist.

That’s just my prediction. I’m sharing with you for two reasons:

1. If you haven’t been able to buy into the “Build a business you love” mantra, and you feel guilty about it (as I do), then better times might be ahead.

2. Like I said, it’s been over 10 years since The 4-Hour Work Week was published. Since then, there hasn’t been any money-making book that’s hit the mainstream and had the same impact.

In other words, there might be an opportunity here. If you get going on writing something right now, you might have it ready just as the world starts to emerge from its current months-long delirium. ​​

​​You might even become the next Tim Ferriss. ​​Only trouble is, much like Tim Ferriss, you’ll have to work much more than four hours a week to get there.

In other news, I have an email newsletter where I write about marketing and copywriting. Topics like what you just read. So if you want a regular daily diet of such essays, here’s where to go.

Salvation for low self-esteem prospects

by

Martin Luther was obsessed with images of the devil’s butt.

Luther was tormented, day after day, by the awareness of his sins and impurities.

He went to confession so often and confessed in such detail that his confessors grew angry.

Had Martin Luther been born today, there’s a good chance he would be diagnosed with obsessive-compulsive disorder, and medicated accordingly.

But because Luther was born in the right environment for his particular kind of crazy, he went on to become one of the most influential persons of the last thousand years.

Point being, a seeming weakness or fault can actually be a tremendous strength — in the right circumstances.

Yesterday, I promised to tell you one way you can convince your prospects that success for them is probable, and not just possible.

This is something I picked up in a talk by Rich Schefren. Rich said that one of the biggest things you have to do as a marketer is increase your prospect’s self-esteem.

And the way to do that is to take something your prospect doesn’t like about himself… and to twist it, so it becomes a potential strength.

“You say you’re obsessed with images of the devil’s butt? That’s actually a good thing. It means you’re on the lookout for moral weakness, which can help you and others from sliding into sin.”

Of course, you’re probably not selling to Martin Luther types.

But with a bit of thinking, you can show your prospect how his procrastination… or shiny-object addiction… or never following through… are just bad manifestations of a good kind of crazy inside him. In slightly different circumstances, the underlying positive characteristics would make him a success.

And how could he change his circumstances in the right way? The path to salvation is quick and easy. It lies in taking you up on your offer.

Here’s an offer that is sure to help you rid yourself of intrusive images of demonic behinds: I write a daily email newsletter. It talks about the fine points of persuasion and copywriting. And if you’d like to keep yourself far from the temptation to slack off in your learning about persuasion and copywriting, then click here to subscribe.

Possible vs. probable in murder and in marketing

by

A few days ago, as part of research for a copywriting project, I watched a movie called 12 Angry Men.

There are some spoilers about it ahead. So if you’re ever planning on watching this 1957 classic, it may be best to stop reading now.

Still here?

All right. Then I can spoil for you that this entire movie is about a jury deliberating a murder case.

An 18-year-old kid is charged with killing his father. Did he do it?

All the jurors believe so. Except for juror #8, who has a few doubts.

Over the course of the movie, through some unlikely twists and turns, this one guy, played by Henry Fonda, manages to flip all the other jurors.

The toughest nut to crack is a bull-necked businessman. He refuses to believe the kid shouldn’t go to the chair. After all, what about the woman who saw the kid do it?

And then the following exchange takes place:

Henry Fonda: Don’t you think the woman might have made a mistake?
Bull-necked businessman: No!
Henry: It’s not possible?
Bull-neck: It’s not possible!

Stubborn. Of course, what this last juror is saying is, it’s so improbable it’s practically impossible. And that reminded me of something insightful I heard from marketer Rich Schefren.

Rich was talking about prospects in direct response markets. These markets tend to be filled with people who have repeatedly failed to solve their problem. In time, many of these people conclude that solving their problem is so improbable that it is practically impossible.

The standard marketing approach ignores this. A typical sales letter explains how great the offer is. And then it gives testimonials to prove it.

“It might work for them,” your bull-headed prospect will say. “But my situation is different. It’s impossible!”

So your job as a direct response marketer is not just to show your prospect his problem can be solved. Instead, you gotta give the prospect hope that this time it’s different, and that success is probable, not just possible.

How do you do that?

I can think of a few different ways. I’ll tell you about one of them, which works well for swinging a jury of skeptical information buyers, in my email tomorrow. If you don’t want to miss that, here’s where you can subscribe to my newsletter.

An imminent prediction about a 10x opportunity that solves an urgent problem

by

A few days ago, I was chatting to a friend. She said she’s got “thanatophobia.” I looked it up. It means a fear of death.

Then today, I was reading through YouTube comments. “If you don’t like the sound of people whistling,” wrote one of the commenters, “you’ve probably got misophonia.”

I looked that up, too. It’s when a sound irritates you more than it should.

Here’s a third affliction I only just found out about:

Cyberchondria. That’s the condition when you latch on to a newfangled term, found on the Internet, which gives a Greek name to symptoms of being alive.

But let’s change tack for a second.

A while back, copywriter Roy Furr wrote that there are only three types of big ideas for sales letters:

1. Solve an urgent problem
2. Present a 10x opportunity
3. Make an imminent prediction

So let me make an imminent prediction for you:

Rates of cyberchondria will rise dramatically over the next year. Society will become more atomized, isolated, and socially distanced. People will suffer as a result. And they will want answers.

So if you want a 10x opportunity, simply keep an eye out. New terms will pop up to describe bad feelings you’ve sensed but never articulated. These new terms — and the urgent problems behind them — could be your new big idea.

As marketer Rich Schefren says over and over, “That which is most personal, is most general.” And if it has a scientific-sounding name, that certainly helps.

Do you have unexplained symptoms of malaise, boredom, or irritability? I don’t know the cause. But I might have a cure: Click here and subscribe to my daily email newsletter.

Positioning remarkable ideas against popular incumbents

by

In 2005, Wired magazine published an article titled, “GTD: A New Cult for the Info Age.”

It was about David Allen’s Getting Things Done. This was a productivity system, which Allen first described in a 2001 book of the same name.

The basic premise of GTD was that we are all flooded with more and more distractions and tasks. The old ways of dealing with all this work, such as todo lists or goal-setting, are not enough.

As the Wired article describes, a few frustrated knowledge workers found Allen’s book. They identified themselves with the problems he described. And they adopted and promoted the GTD system with evangelical zeal.

By 2005, GTD had become a kind of cult. But this was still not the high point of Allen’s success. Interest in GTD kept building and spreading in all parts of American society for the rest of the 2000s.

Then, in 2012, a guy named Cal Newport wrote a post on his Study Hacks blog. The title was “Getting (Unremarkable) Things Done: The Problem With David Allen’s Universalism.”

The gist of Newport’s post was that GTD was great — if you’re a secretary or a mid-tier manager. But if you do any kind of creative, thought-intensive work, GTD will fail. In Newport’s words:

“Allen preaches task universalism: when you get down to concrete actions, all work is created equal. I disagree with this idea. Creating real value requires […] a fundamentally different activity than knocking off organizational tasks.”

Newport came out with his own solution to the problem behind GTD. He called it “deep work.”

Interest in deep work rose as interest in GTD declined. According to Google Trends, the two crossed paths, one on the way up, the other on the way down, in 2014. Today, if you check on Amazon, you will find Deep Work has knowledge workers’ attention, not GTD.

I don’t think Cal Newport did this consciously, but he hit upon an ideal way to position Deep Work. And that was in contrast to an existing, popular solution.

This is something smart marketers have been doing for years. I first heard Rich Schefren talk about this. Rich says this is one way he was able to get millions of leads and thousands of high-paying customers.

Rich’s advice is to go out into the marketplace and find a successful offer. Then, figure out how to make that offer a part of the problem — rather than a part of the solution.

You can go out and do that now. And you might have the same success as Rich Schefren or Cal Newport.

But here’s a nuanced point that might help you out even more.

After Cal Newport wrote his anti-GTD blog post, he got over 100 comments on the post. Those comments were very divided. A few said, “You might just be right.” But many more said, “You don’t understand GTD, or you’re not using it correctly.”

This corresponds to the Google Trends info. By 2012, interest in GTD had peaked. But overall, GTD was still very popular.

So if you want to position your product against an incumbent, that’s the moment to strike. Not when the incumbent is at the peak of popularity… but also, not when most people have already moved on. As Arthur Schopenhauer wrote:

“To truth only a brief celebration is allowed between the two long periods during which it is condemned as paradoxical, or disparaged as trivial.”

One extra step that conjures sales out of thin air

by

Three quick stories today about something valuable and important:

The first story is from the Dan Kennedy talk I shared a few days ago.

Dan needed a new closet. A closet salesman gave Dan a rundown of the features and benefits of the available closets.

But Dan didn’t buy. He had the money and he needed the closet, but he wasn’t moved. “It didn’t align with my interests,” he said.

At the same time, Dan’s wedding anniversary was coming up. So Dan says… the closet salesman should have asked about upcoming special occasions. He could have easily sold Dan the new closet as the perfect anniversary present. (Apparently, Mrs. Kennedy loves a good closet, and it would have been convenient for Dan.)

The second story I heard Rich Schefren tell on a Zoom call last week. The interviewer brought up how some businesses are suffering during lockdown. For example, Airbnbs.

At which point, Rich jumped in to say his wife’s Airbnbs  have been thriving. She’s been renting out her largish Airbnb houses to apartment dwellers — from the same town. These folks want more space during quarantine to avoid a 2020 re-enactment of The Shining.

The third story is also from last week and comes from my work with one of my clients. They sell a bunch of ecomm products to a large email list. One of these products are wool balls that are supposed to replace dryer sheets.

The first email was four weeks ago. We sold the wool balls as a reusable, money-saving dryer sheet alternative. That email did ok.

Then last week, we sent out a second email to sell the same wool balls. On average, the second time we run the same offer only does about 60% as well as the first one.

Not this time. This time, the second email did as well as the first email. That’s because instead of leading with dryer sheets, it lead with acne. Didn’t you know? Acne is caused by clogged pores, which happens when you get wax all over your face, like from the pillow case you dry with dryer sheets.

The point of all these stories is that you can conjure up sales out of thin air. Sometimes many such sales. All you have to do is get one thing right. And that one thing is…

​Positioning. Selling what people want… rather than what you have.

But here’s a warning. Positioning requires effort. One whole extra step, beyond what everybody else is doing. Or in Rich Schefren’s words:

“As the marketer, you have to connect the dots for people. You can’t sit on the sidelines hoping that someone else will do it.”

A return to Mad Men-era Ulcer Gulch?

by

There’s a scene from Mad Men that’s stuck with me for years:

Grey-haired Roger Sterling, the senior partner of the Sterling Cooper advertising agency, is on the phone with his wife.

“I am drinking my milk,” he reassures her. And sure enough, he’s got a half-full glass of milk in front of him. He then tops it up with vodka and drinks it down.

The vodka was there because it feels good. The milk, on the other hand, was supposed to treat ulcers. Turns out, ulcers were considered a badge of success on Madison Avenue, because all the high-ranking executives like Roger had them.

In fact, around the middle of the 20th century, Madison Avenue was popularly known as “Ulcer Gulch.” Which made me think of something I heard in an interview with marketer Rich Schefren. Says Rich:

“Most entrepreneurs make the mistake of putting their self-growth goals ahead of their business success.”

This made my long, furry ears perk up. It sounded like Rich was advocating a return to Ulcer Gulch. But no.

What Rich was really saying (as he explained a bit later in the interview) is that you need a business that you can do now, as you are. In other words, you shouldn’t wait to become a different person before you can start a successful business.

This sounds right to me. What business success I’ve had – my copywriting career, those Amazon bestsellers I mentioned a few days ago, a few recent partnerships — used the skills, experiences, and mindset I already had. And that was good enough.

On the other hand, whenever I’ve tried to start some kind of venture that sounded great on paper, but was more than a step removed from where I was currently, I always failed. That’s happened more times than I can count.

So what does this mean for you? Probably nothing. But perhaps, you can get out a pen and a piece of paper, pour yourself a glass of cold vodka-milk, and start listing ideas for services or products you can offer to the world right now — without mastering a new field, becoming a better public speaker, or getting more motivated.

​​Putting these kinds of restrictions on your idea generation can stir up creativity. And who knows, you might hit upon something that leads to real business success, without the ulcers.

Agora finally gets into Internet marketing

by

I remember back in 2006, when Amazon announced its new Amazon Web Services.

How clever, I thought. Like Donald Trump selling golden mailboxes at Trump Tower to entrepreneurs who want the ritzy mailing address.

After all, Amazon already had all of the computer boxes and wires and know-how for connecting them together. Other businesses didn’t have this — but wanted it. So Amazon could make a nice business by making its internal IT resources publicly available on a per-use basis.

And what a cash cow it turned out to be. AWS is now estimated to bring in $25B a year — more than McDonald’s — and is one of the main profit centers at the famously profit-free Amazon.

Now here’s a puzzle for the marketers out there:

What’s lying around your desktop (literal, computeral, or mental) which you could sell like Amazon sold AWS?

Don’t just shrug if off, but think for a minute.

Because even some of the most successful marketing businesses out there don’t collect this free money. Case in point:

Agora.

Agora is probably the biggest direct response company, with dozens of subsidiaries, and hundreds (thousands?) of offers, mostly financial newsletters.

You can bet that with all this experience selling high-margin info products online, the people at Agora know a thing or three about copywriting and Internet marketing.

And yet, in spite of its tremendous proof elements and branding, Agora doesn’t have any offers in the profitable and growing copywriting/IM niche.

Or at least… they didn’t.

Right now, Agora is spinning up a new division focused on Internet marketing.

I’m not sure what it’s called, but they have an email newsletter called Daily Insider Secrets.

On different days, you can read insights from Evaldo Albuquerque, one of the most successful copywriters at Agora Financial in the past few years…

…from Peter Coyne, also a successful copywriter and the youngest publisher inside Agora…

…and finally, from Rich Schefren, a big name in the IM space for the past decade or two.

I’ve been signed up to these emails for a few days. So far, it’s been like they say — IM secrets you can’t get nowhere else.

Except perhaps, in my own email newsletter. After all, my only fun in life is scouring the Internet for new marketing and persuasion ideas, and then giving them away in my daily newsletter. Usually packaged up in some kind of story.

If that sounds like the kind of thing you might be interested in, then you can try out my (FREE!) email newsletter here.