| How I Made $4,000,000 on a $0 Ad
Budget. Mostly... Mark Joyner, CEO, Aesop.Com Dead
Rule Of Internet Marketing #1 - Make Everything Sound Bigger Than It
Really Is I'm
as guilty of this as anyone. I'm
guilty of it in the very title of this article… Here's
the deal - we sold a high traffic website for $4,000,000.
The advertising and marketing budget for the site was $0.
That's the reality. I'll
show you how I did this in a moment.
In the meantime, let's take a sober look at the harsh reality of
this deal. "$0
Ad Budget"? Yes.
"No Cost"? No Way! While
we paid $0 for advertising per se, what we had to pay in terms of time
and effort was great. You,
too, should be prepared to sacrifice.
You *can* generate great business without an ad budget, but,
let's get real - it takes effort. Marketing
on a $0 budget is like North Viet Nam fighting the United States:
The U.S. had big guns - The Viet Cong had speed and ingenuity.
When you're up against companies that have big budgets, you have
to out-think them and use your smaller size and agility to your
advantage. The problem is,
this fast movement takes energy - lots of energy. I
could list the thousands of ways this endeavor tried to sap my energy
day in and day out… Rather than bore you with the minutia, I'll pass
on the wisdom that allowed me to succeed:
"$4,000,000?"
Yes. "$4,000,000
in Mark Joyner's Pocket?" Ha.
Ha. You Kill Me. The
sale of SearchHound was for $3,000,000 in cash and $1,000,000 in strike
warrants. The warrants
could end up being worth much more than the cash amount - or they could
mean nothing at all. I'm
focusing in on the cash. The
company that purchased SearchHound is a fast mover for sure, and if I
were an investor, I'd jump in on their IPO the moment it hits - but I
don't play the market. I'm
a marketer, pure and simple. Now,
after I pay off our broker, give 1/2 of the remaining proceeds to my
founding partner (who designed the technical back-end), pay the tax man,
and give a sizeable bonus to my staff (I go to sleep thankful every
night that I have them), I'll end up with just over $1,000,000 in my
pocket. And then there are
those warrants… So,
having a cool million in my pocket after taxes and all is not bad.
It's not $4M, though. If
you think I should have received more, send me an email and I'll send a
reply from my yacht. (I'm
kidding about the yacht - most of the money will go into the expansion
of my primary business. If
you're a competitor, the answer is: "yes, you should be afraid - very
afraid".) How
I Did It on a $0 Ad Budget The
actual marketing plan itself was very simple.
I did not create a standard marketing plan like they teach you in
school. Some people swear
by them, but I just don't find it necessary (if you think I'm crazy for
not using a standard marketing plan, send me an email and I'll send a
reply -from my yacht! - OK. OK. I'll stop with the yacht jokes). What
I did was create an Internet Marketing Battle Plan.
If you've read my course then you already know what I'm talking
about. The Internet
Marketing Battle Plan is a system I created which can be applied to any
website for any purpose, consisting of a series of
"Killer Tactics" tailored to your particular situation. An
Internet Marketing Battle Plan consists of 5 tactics for: 1. Getting People to a Website 2. Keeping People at the Website 3. Getting People Back to the Website Once They've Left 4. Closing the Deal 5. Working the "Back-End" Then
you just execute your plan. That's
all there is to it. OK, I'm
simplifying things greatly here. There
is more to it than that, of course, but you get the general idea.
You'll probably develop several Battle Plans and refine them
before you find one that really sticks.
Any good marketer will tell you that testing is the foundation of
all this. A combination of
testing with this clear methodical approach is your blueprint for
success. I don't care if
you're selling a product, selling advertising, generating leads - it
doesn't matter. People
have offered me obscene amounts of money to teach them my methods. When
I tell them that there is nothing I do that is not covered in my course
(I just don't do consulting or lectures any more), they say: "come
on, you're holding back on me".
The truth is, there really isn't anything I do that I
didn't reveal in my course. I
wish I could tell you otherwise. Really.
I seem to regret publishing the course every day.
That is, it always comes back to bite me.
I now must face an army of competitors using my own tactics
against me. Live and
learn… Well,
the genie is out of the bottle, so to speak, so I may as well let you in
on it as well. Here's where
you can find it in case you don't already have a copy. Some
Final Advice As
a final note of encouragement, here's a little story.
When I was a young enlisted soldier in the Army, I decided that I
would like to attend Officer Candidate School (OCS) and earn a
commission. There were
hundreds of annoying little hoops I had to jump through before I could
even submit my application.
Most of them consisted of going from one administrative office or
another to get some paper work signed or some form approved.
I
kept a running count of all the times I heard some
"desk-jockey" tell me "you can't go to OCS".
I stopped counting when I heard my 29th
"no". I'll tell
you what these "no's" amounted to in a minute… A
similar story can be told about the sale of SearchHound.
I get really angry when I think about all of the negativity and
"nay saying" I had to overcome to make this happen.
A personal friend even sent me an email that said, "dream
on" when I sent him a copy of the press release for the sale.
Even after I showed him all of the independent news sources
covering the story - he still couldn't believe it: (See the story on Yahoo...) Some
people are programmed for failure.
Allow the following information to program you for success: I
went to OCS and graduated with one of the top ten academic averages of
my class - that was the result of 29 "no's".
And, as you know, I sold SearchHound for a tidy profit despite
all the nay saying and disbelief. From
time to time during both of these endeavors I was inspired by the words
of one of my heroes: Sir Captain Richard Francis Burton (the explorer
and scholar - not the actor). On
his quest for the source of the Nile, he became violently ill and could
barely stand - though he continued on.
One of his partners asked him "Richard, if you continue, you
will surely die. Shall we
turn back?" He
replied: "The
devil drives!"
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