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MLMLessons Weekly Newsletter
Volume 2, Issue 3 -
19th
January 2004
"Providing Training, Tips and Lessons on Network Marketing"
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In This Issue
1. Message from Zamri...
2. ARTICLE - Two Easy To Follow Rules To Find More
Cash Paying Customers Than You Know What To Do
With In Just 17 Days
3. Great MLM Resources
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1. Message from Zamri...
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Dear Colleague,
Welcome to our new subscribers and Good Monday everyone !
How are you doing today ?
You would have noticed that there was only one article in this
issue, if you read the content above.
Well, there's a reason for that.
I found out that this article from Tom Schreiter was very
informative and detailed that I wanted to get your sole
attention on the content. Another article would probably
divert your focus from Tom's advice.
So, here you go. Read the whole article and see if you can
grab a few tips from him.
If you like to find out more about good tips and advice from
Tom and Art Jonak, go here... http://mlmlessons.com/103
Speaking about Tom Schreiter and Art Jonak, I have a little
insider information about building a business with their
team. If you are a leader and would like to know more info,
just email me. I can hook you up with one of them. This team
is eyeing on Malaysia too. So, if you are a Malaysian leader,
you know what it means.
Why this announcement?
It's one of my promises on my main webpage... <smile>
Until next week !
Warm regards,
Zamri Nanyan
Publisher/Editor
MLMLessons Weekly Newsletter
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2. ARTICLE - Two Easy To Follow Rules To Find More
Cash Paying Customers Than You Know What To Do
With In Just 17 Days
=====================================================
Two Easy To Follow Rules To Find More Cash Paying
Customers Than You Know What To Do With In Just 17 Days
By Tom "Big Al" Schreiter
Here are two quick rules that makes niche marketing
profitable:
1. Find a niche market that's easy to identify or find.
2. Make sure your niche market is easy and inexpensive
to contact.
Here's a classic example of me messing up these two
rules.
As a shareholder and meddler in a software company,
I thought one of our products would take the business
market by storm. The product is a forms generation
program that duplicates ordinary paper forms.
Businesses could simply design a master form on the
computer and customers or employees would fill out
the form. The filled out form could be stored neatly
on the computer. No filing cabinet needed. No wasted
time at the photocopier. Big savings ahead for
businesses -- big profits for our software company.
Sounds like the ideal product, doesn't it?
Money-sucking marketing disaster around the corner.
Every business needed this product. The market was
bigger than a niche. The market was enormous.
But we couldn't exactly identify or find the people
who actually buy this software.
Purchasing agents for large companies never heard
of a program like this.
Department heads who really could use this program
didn't have funds allocated from last year's budget
for this program.
The heads of the computer departments saw this
program was simple, easy, and would put them
out of work.
The entire photocopy department staffing was built
on making copies of forms, and they didn't like
the idea of being out of work.
The owners of the companies didn't understand how
this program would work or save them money.
And we mailed, we advertised, we called, and we watched
our marketing efforts suck large amounts of money from
our bank account.
We violated Rule #1.
We couldn't identify exactly who should receive our
marketing materials.
We violated Rule #2.
We had to market to the masses and that cost us a
fortune. Lots of postage, printing and advertising
dollars wasted trying to reach the right person.
I could go on . . . but why bother? Life is easier
when you put the past behind you and make marketing
corrections on your future projects.
How can I use these two niche marketing rules in
my business?
Let's forget the theories and go right to some
practical real-life case studies that show us
winning niche marketing campaigns.
You can't sell multivitamins to the masses. The
market is too big. You don't know which prospect
needs multivitamins.
However, you can sell diet products to overweight
prospects.
Rule #1. We can easily identify and find this
niche market.
Overweight prospects are easy to find. You can see
me from blocks away. We congregate in groups at the
all-you-can-eat buffets. Most ice cream franchises
built their business plan around us.
Rule #2. We can easily be contacted inexpensively.
You won't have to waste time and money trying to
find us at:
Health clubs
10k weekend running events
Thong swim suit modeling competitions
Bicycle shops
Sushi restaurants
Just by applying these two rules, the marketing
solutions appear. It's easy, isn't it?
If you want to attract overweight prospects to an
event, simply offer an all-you-can-eat contest at
the event. We'll show up hordes.
Free food samples work great to attract us to
opportunity meetings.
But let's get a little more creative and targeted.
Maybe you want a very, very inexpensive marketing
campaign for your secret product, "Fat-Be-Gone."
1. You create a one-third page coupon. Your coupon
points out how your product dissolves fat and
reduces the fat absorbed from fatty foods. Maybe
you offer a free candy bar as a premium with the
first month's purchase.
2. You get your coupons printed. At a local printer,
your coupons will cost about 2 cents each. (They'll
cost less when you use your employer's photocopy
machine, but that's another story.)
3. You get your coupons inexpensively distributed
to targeted, overweight prospects.
Want an example?
You decide that couch potatoes are so lazy that
they will order food delivered to their door. Why
waste time driving to a local restaurant when
someone will bring you food while you watch
television? And what kind of food would have
a high fat content and could be delivered in
30 minutes or less?
Pizza.
So you go to a pizza delivery store and talk with
the manager. You tell the manager that you'd like
to put one of your "Fat-Be-Gone" coupons in every
pizza box delivered.
That's targeted niche marketing.
But why would the pizza manager allow you to insert
your coupons for free?
Well, maybe your coupon says that just one "Fat-Be-Gone"
capsule reduces fat intake and now you can eat all the
pizza you want. That's good news to the pizza manager.
Now his favorite couch potato customers can order pizza
twice a day.
Or maybe the pizza manager refuses to put your coupons
in the pizza boxes. What can you do then?
Talk to the pizza delivery boys. They're not rich yet
and they would be glad to make a little extra money.
Tell them to put a coupon in every box they deliver, or
at least leave a coupon with every customer. Have them
put their name or initials on the coupon so you can
track their results and commissions.
The motivation of bribes.
Offer to pay the pizza delivery boys a 25% commission
on the first bottle ordered by the customer. It's not
a lot of money, but it's probably a lot more than the
tip received from the customer.
The pizza delivery boys simply think:
"Hey, I pass out this coupon. It doesn't cost me
anything. It only takes a second. And I can earn
an extra $10-$40 a night. This is a no-brainer."
If the boys are sharp, they'll pass out your coupons
to other "targeted prospects" they meet during the day.
The key to this campaign is that the prospects are
easy to target, easy to find, and easy to market to.
Case Study #2: Run a contest.
The real marketing secret of contests is to pick the
right prize.
You don’t want to pick cash. Everybody wants cash.
That’s not very targeted. You want your contest prize
to only be interesting to qualified prospects.
For instance, if you sell carpets, make three rooms
of free carpeting the contest prize. People who need
new carpeting will enter the contest. You’ll have highly
qualified prospects that need your product now.
People who don’t need carpeting won’t enter. That
will save you from weeding through hundreds of
unqualified leads.
If you sell mobile telephones, offer a basic starter
telephone as the prize. Current owners (non-prospects)
won’t enter as they already have their telephone.
If you sell expensive skin care for women, offer
a year or a lifetime supply of your skin care. You
will get highly qualified prospects as entries to
your contest.
If you didn’t want to use your product as a prize,
pick a prize that still targets your niche. So instead
of offering a year supply of skin care, you could offer:
A year of visits to the local hair dresser.
A year supply of expensive cosmetics.
A $300 coupon good for Italian purses.
A day at the local spa.
A $300 coupon at the local women’s shoe store.
A maid for the week.
A date with the most eligible bachelor in town.
A round trip three-day vacation to the world’s
largest shopping mall in Edmonton, Canada.
A man to listen to the winner talk.
A lady’s day out with their friends.
A television remote control override.
Ten free sessions for a babysitter.
A $100 Godiva chocolate certificate.
So ask yourself this question:
"Where can I find a great niche of targeted prospects
that’s easy to market to?"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Tom Big Al Schreiter is the author of the Fortune Now
Newsletter, a generic training resource for professional
network marketing leaders. If you’d like to read some
free back issues, go to http://www.fortunenow.com.
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