I stopped offline advertising
The key to making lots of money is to keep costs low, and
profits high. And that's the exact reason why I'm marketing
info-products online. Digital products are low cost and
advertising online is relatively cheap compared to offline
marketing.
Let me give you an example...
I used to run ads in local newspaper to advertise my
internet marketing workshop. It's an ad advertising a free
2-hour seminar I'm conducting and I'll sell a $2,000
workshop at the end of seminar to those interested. It's
some sort of preview but it's content-packed to give value.
This ad will cost me $2,000 regardless of whether there are
people seeing it or not. Realize this -- the circulation of
the newspaper does not determine the numbers of the ad
being seen.
From the ad, we might get 80 people calling up our office
to confirm attending this 2-hour seminar for free. So in a
nutshell, we'll generate 80 interested participants at the
cost of $25 ($2,000/80) per inquiry.
And we might end up getting 50 participants. This means,
it'll cost us a whopping $40 ($2,000/50 free seminar
participants) per lead!
Isn't that crazy?
Well, it depends on how you look at it. If you're making money,
then it's not crazy. But one thing for sure, marketing offline
can be high cost. High cost means, risky because money is
flowing out from your pocket.
This is where I'll introduce to you how marketing online
can be ridiculously cheap if we're comparing to offline
advertising...
Behold, the power of Adwords at www.google.com/adwords
I'm not going to explain how it works because you can find
the details from www.google.com/adwords. But what I want
you to realize is this... you have the opportunity to compete
with multi-million dollar business at a very low cost.
For instance, getting a phone inquiry in the offline world
is just like getting an ad of yours clicked.
How much it'll cost you?
Maximum, a buck. And that's on the high range. I'll probably
spend less than $0.30 for a click. But in the offline
advertising example earlier, I've spent $25 for a 'click'!
When I see the potential of this, I've given up advertising
in the offline world UNLESS I have to.
Second issue –
You CANNOT know how many people ACTUALLY see your newspaper
ad. But when you're marketing online, you can calculate all
of the metrics and stats at your fingertips.
For Adwords advertising in particular, you can see how many
times your ad is exposed to a website visitor, how many
times it's being clicked and other cool metrics.
What does this tells you?
Marketing online can be tracked and tested easily. We're
not talking about guessing game but scientific methods to
advertise your business at a very low cost.
To get the best result out of your Adwords marketing
campaigns is easy because there are only three main
components to focus on. There are more but these are
the MAIN ONES. They are:
1. The Keywords
What are the best keywords to use? That's subjective. But a
simple guideline is to have specific keywords. Like, if
your business is about "parenting", don't go and use the
keyword "parenting". Use keywords like "parenting advice",
"how to teach a child", etc.
2. Your Ad
You have three lines to describe your ad to ‘sell' the call-
to-action. So don't waste it. Write it as specific as you
can and use benefit-oriented sentences. If you have any
unique selling points like "today", "instantly", "free", etc...
don't save the bullets. Use 'em hard.
3. Your Landing Page
Where does your ad leads the visitor to? Your site. No, I
don't write that to be sarcastic. There are advertisers
that lead the visitors to an affiliate program that they are
promoting to make a quick buck. That's a choice but my personal
preference is sending the visitor to my own site first.
The 'standard' reason that most courses and marketers will
tell you is because they want to tyrn the visitor into a
subscriber first before sending the visitor away to a
sales page. But another reason for doing that is to
control your presell.
It's important to have a landing page that matches your
ad's description to get a higher conversion rate and lower
your bid price.
The real 'gold' to this whole thing is the ability for you
to test and track. Simple tweaks on your keywords, ads and
the landing pages can result huge profit for your business. And
I don't mean just about your online business... you can always
use this tool to promote your offline business anywhere in
the world as long as there are surfers looking for it online.
Any final advice?
Yes. Don't get your brain mess up with running too many Campaigns.
You can have many Ad Groups (which is highly recommendeded)
but not many campaigns when you’re starting out.
Basically, a Campaign is a "niche" or topic. An Ad Group is
what information that you're advertising in the Campaign. So a
campaign of "Dog Training" can have Ad Groups of "Puppy Dog",
"Dog Obedience", "Dog Potty Training", "Golden Retriever
Dog Training", etc.
In the Ad Group of "Puppy Dog", you'll have keywords like
"puppy dog training", "how to train a puppy dog", "puppy dog
tips", "puppy dog care", etc.
Manage one Campaign well enough before consider going into
a new niche. This goes back to the basic 101 marketing
fundamental of understanding your market first.
If you find any good value from this writeup, please post
your comment below? :-)
And if you like to publish this content on your website
or ezines, write to me at support@youchandoit.com because I
like you to brand it with your affiliate link to earn
commission for free.
You "Chan" Do It!
-Patric Chan
profits high. And that's the exact reason why I'm marketing
info-products online. Digital products are low cost and
advertising online is relatively cheap compared to offline
marketing.
Let me give you an example...
I used to run ads in local newspaper to advertise my
internet marketing workshop. It's an ad advertising a free
2-hour seminar I'm conducting and I'll sell a $2,000
workshop at the end of seminar to those interested. It's
some sort of preview but it's content-packed to give value.
This ad will cost me $2,000 regardless of whether there are
people seeing it or not. Realize this -- the circulation of
the newspaper does not determine the numbers of the ad
being seen.
From the ad, we might get 80 people calling up our office
to confirm attending this 2-hour seminar for free. So in a
nutshell, we'll generate 80 interested participants at the
cost of $25 ($2,000/80) per inquiry.
And we might end up getting 50 participants. This means,
it'll cost us a whopping $40 ($2,000/50 free seminar
participants) per lead!
Isn't that crazy?
Well, it depends on how you look at it. If you're making money,
then it's not crazy. But one thing for sure, marketing offline
can be high cost. High cost means, risky because money is
flowing out from your pocket.
This is where I'll introduce to you how marketing online
can be ridiculously cheap if we're comparing to offline
advertising...
Behold, the power of Adwords at www.google.com/adwords
I'm not going to explain how it works because you can find
the details from www.google.com/adwords. But what I want
you to realize is this... you have the opportunity to compete
with multi-million dollar business at a very low cost.
For instance, getting a phone inquiry in the offline world
is just like getting an ad of yours clicked.
How much it'll cost you?
Maximum, a buck. And that's on the high range. I'll probably
spend less than $0.30 for a click. But in the offline
advertising example earlier, I've spent $25 for a 'click'!
When I see the potential of this, I've given up advertising
in the offline world UNLESS I have to.
Second issue –
You CANNOT know how many people ACTUALLY see your newspaper
ad. But when you're marketing online, you can calculate all
of the metrics and stats at your fingertips.
For Adwords advertising in particular, you can see how many
times your ad is exposed to a website visitor, how many
times it's being clicked and other cool metrics.
What does this tells you?
Marketing online can be tracked and tested easily. We're
not talking about guessing game but scientific methods to
advertise your business at a very low cost.
To get the best result out of your Adwords marketing
campaigns is easy because there are only three main
components to focus on. There are more but these are
the MAIN ONES. They are:
1. The Keywords
What are the best keywords to use? That's subjective. But a
simple guideline is to have specific keywords. Like, if
your business is about "parenting", don't go and use the
keyword "parenting". Use keywords like "parenting advice",
"how to teach a child", etc.
2. Your Ad
You have three lines to describe your ad to ‘sell' the call-
to-action. So don't waste it. Write it as specific as you
can and use benefit-oriented sentences. If you have any
unique selling points like "today", "instantly", "free", etc...
don't save the bullets. Use 'em hard.
3. Your Landing Page
Where does your ad leads the visitor to? Your site. No, I
don't write that to be sarcastic. There are advertisers
that lead the visitors to an affiliate program that they are
promoting to make a quick buck. That's a choice but my personal
preference is sending the visitor to my own site first.
The 'standard' reason that most courses and marketers will
tell you is because they want to tyrn the visitor into a
subscriber first before sending the visitor away to a
sales page. But another reason for doing that is to
control your presell.
It's important to have a landing page that matches your
ad's description to get a higher conversion rate and lower
your bid price.
The real 'gold' to this whole thing is the ability for you
to test and track. Simple tweaks on your keywords, ads and
the landing pages can result huge profit for your business. And
I don't mean just about your online business... you can always
use this tool to promote your offline business anywhere in
the world as long as there are surfers looking for it online.
Any final advice?
Yes. Don't get your brain mess up with running too many Campaigns.
You can have many Ad Groups (which is highly recommendeded)
but not many campaigns when you’re starting out.
Basically, a Campaign is a "niche" or topic. An Ad Group is
what information that you're advertising in the Campaign. So a
campaign of "Dog Training" can have Ad Groups of "Puppy Dog",
"Dog Obedience", "Dog Potty Training", "Golden Retriever
Dog Training", etc.
In the Ad Group of "Puppy Dog", you'll have keywords like
"puppy dog training", "how to train a puppy dog", "puppy dog
tips", "puppy dog care", etc.
Manage one Campaign well enough before consider going into
a new niche. This goes back to the basic 101 marketing
fundamental of understanding your market first.
If you find any good value from this writeup, please post
your comment below? :-)
And if you like to publish this content on your website
or ezines, write to me at support@youchandoit.com because I
like you to brand it with your affiliate link to earn
commission for free.
You "Chan" Do It!
-Patric Chan







11 Comments:
As always, Patric, sheer brilliance!
I love learning from you.
Brother Paul
http://www.foundsecrets.com
Good article Patric!It makes a lot of sense.
John
http://www.johnwoon.com
Nice post Patric - good, solid, clear & easy to understand advice, as usual. I'll take a 30 cent per customer advertising cost over a 40 dollar one any day!
great tips Patric...two thumbs up for a great advice here!
Patrick,
Great info. Print ads in magazines are a nightmare. I had to pay months in advance. Then I had to wait until the magazine hit the stands to see if I would get a return on my investment. Then if the ad did not get a good response I had to wait months to change it. On top of all this ad prices went up while returns went down.
Marcia, Your Confidence Coach
http://abetteryou.wordpress.com
Hey Brother Paul,
I'm happy to keep on giving valuable information and content.
Thanks!
-Patric Chan
www.youchandoit.com
Hi Deborah,
Nice to see your Comment, as always. :-)
-Patric Chan
www.youchandoit.com
Patric,
If I could show you a strange hole in the sidewalk in front of your home where you could push $100, and for every $100 you pushed into that hole $101 would magically appear in your back pocket, what should you do?
You should push money into that hole as fast as you can, because a sure thing, returning a 1% profit every time you push the money in the hole, will pay big dollars if you can push enough money into the hole.
We all apply that principle when we think about how much to invest in Adwords, but, Patric...
If you can pay $40 to get a $2000 seminar registration, shouldn't you be doing that, too?
Looks like a $1960 gross profit per person, or a 4900% ROI.
Sure, it costs to do the seminars, but you have $98000 to cover expenses (50x1960).
I counsel my clients to promote their businesses every way they can. Track the results. And remember, a "buy" may be the result of a combination of ads.
--Rich Hamilton
Hi Patric..
You know what, every day I will visit your blog here and each time I read every post you give me "something". Very useful advise from you.
Thanks.
p.s: how I want to know if I need further info about your product Patric?
Awesome info. This really helps save you time on the internet. There is so much out there. Your info was solid.
Amanda
http://thetimemastery.com
Great Article Patrick,
I'd like to ad one snippet.
Adwords allows you to geographically code your ads so only people in your town will get the ad displayed. If you're doing local advertising it's great. But here's the cool part... because they are searving your ad locally your ad gets a priority bonus over national advertisers.
Psst. try this .. run one hundred camapigns, each targeted to the one hundred largest cities and you get a leg up on big money national advertisers.
Want to help me sell this tid bit for free to help me build my list?
Jeff
DirectHow.com
PS can you direct me to where to learn how to use your "make your own software" product?
jscott7@mn.rr.com
Thank you.
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