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The Top 2 Advertising Mistakes According to a Man Who Spends $800,000 Per Month on Ads

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I recently interviewed one of the world’s leading advertising experts. Over the course of his lifetime, he’s spent over $40 million on advertising, generated hundreds of millions for himself and his clients and is currently spending $800,000 per month, profitably.

It’s an impressive feat, especially when you consider the fact that many people want to build their online businesses and e-commerce brands with tools like Facebook and Google ads.

But due to rising ad costs, remaining profitable is harder now than ever. And yet, here he is chugging along, still making enormous profits, month after month.

I wanted to know how he does it. So I sat down with him and asked him to share his biggest advertising secrets. I wanted to know where most advertisers go wrong and what he does so different. What he shared was eye-opening and could change the way you advertise forever.

Here are the 2 biggest mistakes advertisers are making:

1. Thinking you have to have a massive budget to win

When it comes to advertising, the biggest mistake I see people make is think it’s the people with the biggest budget who wins. It’s not. Instead, it’s the person who can build the best relationship with their customers and provide that value over and over again. If you don’t have the biggest budget to start, who gives a crap? Get customers. Treat them like gold. And find a way to sell them more stuff.”

What he was describing was having a backend to your marketing efforts — an engine that goes beyond just making one sale to one customer and helps you sell over and over again people.

For example, if you’re selling golf clubs, don’t just thinking about the clubs you sell. If that’s where you try to make all your profit, you’ll be out of business. Instead, think about how you could sell those people other things. The obvious ones are golf balls, golf shoes, a membership to a golfing club.

And even deeper, maybe their joints hurt because of repetitive stress from swinging the club?

If that’s the case, perhaps you could offer a supplement that helps with joint pain? Or refer them to a great doctor?  The list could go on and on. But the point is the first sale isn’t the end game for successful advertisers.

They make their money by acquiring a customer with little profit —  or potentially even at a loss — knowing that they can sell them something else in the future. Pulling out their wallet the first time is the beginning of the relationship. But after they do it, you can follow them around on the internet with ads and sell them more and more stuff.

Going one layer deeper with his customers is one of the key secrets to his success.

2. Trying to sell the wrong product

The other big mistake he says people make is trying to sell the wrong products. “The second biggest mistake people make is trying to sell a product that people don’t want. They think better copywriting will save them. That’s not the answer. What people should do before they even have a product to sell is set up a simple landing page with a mockup of the product on it. Take $500 and run traffic to it on Facebook. If people get to the page and hit the buy now button, you’ve got a winner.”

He added, “But don’t worry about having the product on hand. Just have an error message pop up that says, ‘We’re sorry the product is out of stock right now. But if you enter your name and email, we’ll send you a notification in 30 days where you can get it for 50% off.”

This strategy allows him to quickly find out if a product will sell or not on a budget of less than $500. The beauty is he doesn’t even have to have it on hand to find out. He can handle all the details after he knows it’s a winner. But all he needs to know if it’s worth sinking his time and money into is an image and a short landing page explaining the product.

This is so different from the way most people launch products. Most people sink months into building a website, finding the product, designing it and making sure everything is perfect before launching. And that’s why most people fail.

Yet, this is how he’s able to launch hit product after hit product. Not because he’s some kind of clairvoyant product genius but because he’s constantly testing.

You don’t need the biggest budget to make your advertising work, you just need a strategy that goes deeper than making one sale. Once you have the customer, you know their interest and have no excuse not to find other things they might love. Also, make sure to test your products before launching. With $500 and a simple landing page, you can have hit product after hit product lined up in your pipeline.

Rob Allen is a direct-response copywriter and marketing consultant. He’s sold over $50 million worth of products online. Soon he's launching a podcast, where he's going to interview the world's top digital marketers to see what's working and increasing conversions right now. To get on the waiting list and receive pre-launch bonus materials sign up here.

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7 Ways to Share Your Story on Social Media

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Content marketing is “A type of marketing that involves the creation and sharing of online material (such as videos, blogs, and social media posts) that does not explicitly promote a brand but is intended to stimulate interest in its products or services”. In other words, explicit marketing is simply saying “buy my stuff!” whereas content marketing is the art of persuading people to do so through storytelling. (more…)

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10 Tips to Deal With Negativity While Starting a Business

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There are ups and downs in business but fearing failures can stop you from taking your first step towards excellence. With pandemic on tow, aspiring entrepreneurs feel a little stuck when ideating a business prospect. Here, we give you some actionable tips to deal with negativity while starting a business, even during situations like a pandemic. We also took the liberty to throw in some amazing book recommendations that’ll help you enjoy the process of being positive and achieving your business goals.

10 Tips to deal with negativity while starting a business in a pandemic

1. Get a mentor

The first thing to do as a new business owner is to find the right kind of mentor. That person could be someone in your industry or in general who you look up to. The guidance must be apt for your business, and it should be a mutual responsibility of sharing knowledge. 

2. Two big R’s – Routine and Refresh

Made a mess of something? Try to reboot the situation and make it work. Take a break once in a while and refresh yourself if you feel stuck or your ideas feel mundane. Plan a routine and stick to them – both personal and professional. Having a routine can increase productivity and engage in more activities apart from your pre-planned schedule. 

3. Inculcate problem-solving mentality

Do not panic once you are thrown a problem. Arrange a meeting with the respective party, listen to both sides of the stories, and make a decision that is more realistic and feasible. 

4. Hire half and half

Whenever you hire someone for your business. Make sure that half of the people contradict your ideas, and the other half have the same mindset as yours. The people who contradict can bring in more valuable points and their perspective might take the discussion to a whole new level.  Don’t take too much time finding the perfect one. Hire an apt person who can have the right attitude. 

5. Network, Network, and Network

Find like-minded people and mingle with them. Be more sportive in the learning process. Listen more and talk less – if you are a beginner. You can only be a constructive person who gives input to someone if you have listened to everyone’s point of view. If you feel down, your network might have something to uplift your mood and change your perspective on something. 

“Negativity, in general, is one of the things that holds people back, and you have to see what’s holding you back to get away from it.” – Lucy Dacus

6. Tech-savvy personnel

Learn a thing or two about the latest technology that you implement in your organization. Since the world revolves around technology, make sure your administrative authority knows as well.  

7. Don’t schedule a meeting, that could have been an email

Yes! I said it. Having unnecessary meetings will weaken the purpose of having a constructive discussion. Having back-to-back meetings drains the team members and yourself too. Always have a 10 to 15 minutes break between each meeting to feel refreshed and give your 100%. 

8. Have a pros and cons list

Always, I mean always have a pros and cons list. Let’s say one of your team members pitch an idea to improve the marketing strategies starting next month. Jot down the pros and cons before approving or rejecting it point-blank. It’s a systematic way of making a decision. 

9. Track your finances

Even if you have a team of accountants and auditors, make sure that you are present (both mentally and physically) – learn if you are not aware of it. Trusting your employees is a must, but not overseeing the records is a mistake that should be avoided. 

10. Remember your “why?”

At some point in your hectic schedule or not having ME time can get to you. During those tough times – ask yourself – “Why am I doing this?”. If you can answer this question with a valid explanation, you’ll feel energized. Because “A purpose drives you”. 

5 Best books to read to be more positive as an entrepreneur

Reading always puts me into perspective. Therefore, I took some liberty to give a sample of positivity and determination through words. 

These are the 5 books that’ll guide you to be a more positive and successful entrepreneur. 

  1. Attitude is everything by Jeff Keller – The decisions you make, the routine you set for yourself, and the affirmations you say to yourself every day are going to make a huge difference. If you feel tired, hopeless, and quitting – then this book is for you to boost you up!
  2. Mindset: The new psychology of success by Carol Dweck – You do what you think. In this book, the author talks about two mindsets: The growth mindset and the fixed mindset and what they’ll do to you respectively. She helps you recognize your mindset and change it for the better. 
  3. Innovator’s Dilemma by Clayton Christensen – This book is about technology uprisings all over the world and businesses that adopted and implemented technology in their firm. The author teaches you that just because your competitors and others are adopting something into their businesses doesn’t mean that you have to as well. Make an informed decision. 
  4. As A Man Thinketh by James Allen – This book specifically is about the power of thought and how it shapes your life into a more meaningful and fulfilling one.
  5. The Power of Now by Eckhart Tolle – The author talks about how people always keep thinking about what the future holds but then forget to live and enjoy the present. And also helps us understand how to make decisions more efficiently based on the present. 

Working towards inner balance requires consistency and perseverance. So does hard and smart work. Being negative is a part of our lives. It’s important to channel it appropriately and make things happen despite the roller coaster ride that is our lives. Hope you overcome your fears and negativity to shine bigger and brighter. Cheers! 

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Defining Your Own Success: A Step by Step Guide

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Everyone wants success in their lives, but success can be defined in so many different ways that it can sometimes seem daunting. In this blog post, you will learn how to make success easier for yourself by defining what success means to you. (more…)

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5 Characteristics of Athletes You Need for Business Success

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Michigan State basketball coach, Tom Izzo, wrote “Players play. Tough players win.” I would add to that, “It’s tough to win.”I think if you, as a leader, are looking to build an organization that is successful – that wins – you first have to accept that it will be tough. There are no shortcuts to success. In my 44 years of coaching, I was fortunate to coach a lot of tough players. I believe the toughness I have seen in athletes corresponds well to any organization or business. (more…)

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