What happens when you develop a product, get approval from JVZoo, Warrior Plus, ClickBank or put it on your website but yet to have made a sale? Or maybe you saw something that sells well in one market, so you try it in your market and nada. No sale. You think you have a good product, you worked hard at it and after all you got approval. But approval doesn’t mean that you make sales. So, what could be the problem? Well, here are a few hints.
1. Do you have an audience for your product?
Contrary to public opinion people don’t buy for your reason’s they buy for their reasons. A corollary to this is ‘we don’t sell anything, people buy.’ Unless we understand why people might want our product, we won’t sell anything. We can market the heck out of it, but people will still not purchase. No matter how much we have invested both personally and professionally, if you don’t have an audience for your product you are not going to sell it. This can be an emotional let down but it will be a lessoned well learned as we move onto the next product.
2. Are you solving a problem that people want solved?
I learned this many years ago when I had an excellent tool for measuring knowledge worker’s effectiveness along eight distinct processes. The product was tested worked well and I used it to assess over 200 individuals with specific reference to their openness to learning. I knew it worked. But when I went to sell it, I found some disturbing results. I didn’t sell one Profile. Not one. When I did a bit of research, I found that:
3. Are you using the right keywords?
Keywords are words or phrases that people type into search engines to find what they are looking for. For example, if you were searching to buy an eBook on goal setting, you might type something like, ‘SMART goals,’ ‘aspirational goals,’ ‘personal goals,’ ‘goals that work’ ‘how to write goals,’ into Google or YouTube. Even though your phrases consist of more than one word, it is still considered as a keyword.
4. Are you presenting with emotion?
People buy for emotional reasons. This is related to people having a problem that needs a solution. For example, they may be frustrated, stressed, discouraged, anxious, or concerned. These emotions point to ‘pain points’ so your copy needs to address ways that alleviate the pressures or the ‘pain’ they are feeling.
5. Do you appreciate the difference between marketing and selling?
Marketing is about educating your audience about your product and what it can do for them. Selling is closing the deal. Often we don’t prepare the marketplace for the product and just expect that people will buy. This is particularly true when you are introducing something new to the marketplace. Number 2 above is a perfect example of this. I tried to sell before the market was ready for my ‘great’ solution.
6. Do you know the difference between relationship selling and transactional selling?
The latter is straight forward selling, for example. “I have a headache (my problem) do you sell aspirins (solution)?” “Yes, they are right over there on the second shelf.” This is a simple quick sell.
A relational sell is long term and a bit more complicated. Most internet marketers have a list that they have nurtured for a long time before selling anything. They have developed a relationship with their customers or ‘buyers’ even though they haven’t met them. In other words, they warm up their customers before selling a product. This is particularly true if you are selling using Facebook.
Using Facebook is all about relationship selling and requires much preparation before attempting a sell, even then the call to action is often soft rather than a hard sell. My experience is that friends buy on Facebook only if I have known them before hand or I have become friends with people I never met after a lot of likes, loves, and comments. Really you can’t do ‘transactional selling’ on Facebook unless you are prepared to spend a lot of money on ads and even then it is iffy.
7. Have you done your market research?
Here we need to clearly understand who we are marketing and selling to. Your product might be the best thing ‘since sliced bread’ but if you don’t have a market for it you won’t sell it.
8. How do you Brand your product?
There are many things about branding that are important, but here are a few points that filter to the top.
9. Don’t get discouraged.
Keep to your vision. Keep working on your goals. And, keep developing products based on lessons learned.
There are very few internet marketers who have succeeded the first time and many internet marketers give up just before they find their own ‘secret sauce.’ Statistics show that 90% or more don’t make it. And many of those that don’t make it fail to realize that they are within an inch of making it.
Again, based on my real-life experience, I have developed over 50 training products and delivered some of them once because a company wanted it. I thought ‘boy this is a good training program for others.” Unfortunately, they didn’t go anywhere.
Yes, this can be discouraging but don’t let it get you down. Affirm yourself that you are on the right tract, continue to share your experiences with others and they will help you, find an experienced coach who will guide you. Build on your experience, tweak your product or begin another based on what you have learned. The bottom line, internet marketing as a solopreneur can be a lonely undertaking but it needn’t be because those with more positive experiences are willing to help.
By the way whatever happened to that Profile product I tried to sell in #2 above. I regrouped. I did more work in preparing the marketplace, repackaged it, and in the meantime used the product in my own practice. Owners began to see how it could be used in their company and after a couple of years they began to buy. Funny how that works eh?
If you wish to receive a free eBook on Branding CLICK HERE.
As always, keep well, stay safe and become the person you were meant to be!
Your personal growth and development matters.
Thanks for reading,
Thank you for reading articles from the FontanieMagazine. You now know that the e-Zine focuses attention on five broad areas:
Business Growth – wherever it is; LeaderManager Development- become the executive you were meant to be; Workplace Culture – making better workplaces; Skills4Success – strengthening adult knowledge skills for life; and Health and Wellbeing – nurturing your whole self.
Presently all the articles are free for personal and company use as long as you identify the source of the article. You know that writing original articles take time and several of my associates have suggested I charge a subscription rate for my efforts. I have chosen not to do so as this is my way of giving back to those who believe personal growth and development matter.
So, how do I support the e-zine? Well, there is a STOREFRONT with a growing number of items that people can purchase; there is a paid membership site FORTIS MEMBERSHIP which concentrates on eight dimensions of health, wellbeing, and training (all e-books and video training I develop are free to members); and there is FACSi Academy which has over 150 courses and training manuals for purchase and finally I provide Executive Coaching to select clients.
If you have an e-Zine or equivalent here are a dozen ways to promote it.
1. The ‘Give Away’ Method
Inform your potential subscribers they will receive a free e-book for subscribing. You could also include your e-zine ad in the e-book and allow them to give the e-book away or offer resell or master resell rights. This method is posted on the FM Welcome page.
2. Give ‘Private Label Rights’ Method
Inform your potential subscribers that they will get the private label rights to the articles if they subscribe. People will be able to read and use your content as they wish. There is a huge demand for private label content these days. Mine are already free for users with the proviso that they identify the source. With PLR the source is not identified and can be used as the person sees fit according to the terms provided.
3. Use ‘Content As They See Fit’ Method
Inform your potential subscribers that they can reprint or republish the articles or content if they subscribe. People will be able to read and use content as they see fit. You could include your e-zine ad under each article they republish, or in my case I stipulate they note the source of the article.
4. The ‘Future Goals’ Method
Inform your potential subscribers the goals they will achieve when they subscribe to your e-zine. You could inform them how your content will help solve their problems, improve their lifestyle, or resolve challenges they face.
5. Goal ‘Non-fulfillment’ Method
Inform your potential subscribers what they may not be able to achieve if they don't subscribe to your e-zine. You could inform them how not reading your information or content could cause future problems, safe them from making mistakes, or make their life worse.
6. The ‘Prize Promotion’ Method
Inform your potential subscribers they could win ‘prizes’ by subscribing to your e-zine. You could inform them that you will randomly select a subscriber every week to get one of your products for free. To make it interesting you could include an action they need to complete in order to receive the prize.
7. The ‘Cash Card’ Method
Inform your potential subscribers they could win a ‘Cash Card’ prize of $50. by subscribing to your e-zine. You could inform them that you will randomly select a subscriber every week or every month for the ‘Cash Card’ prize. You can make this a time limited offer by saying for the month of February, for example, receive a randomly selected $50. Cash Card from Amazon.
8. The ‘Subscribe Forward’ Method
Inform your current e-zine subscribers to forward your e-zine to their friends, family, or associates. If they like it, they'll end subscribing and forwarding it to their circle of acquaintances. It's a virtual answer to word-of-mouth marketing.
9. The ‘Monthly Circulation’ Method
Inform those on your existing list that they will receive articles that they may have missed during the past month. In the e-mail letter identify the ‘Prize Method’, ‘Cash Card’ Method or one of the other methods. Also identify other related ‘Ads’ in your email. We send out monthly ‘ You May Have Missed Articles’ and at the bottom of the email we promote two or three further items.
10. The ‘Weekly Circulation’ Method
Send a weekly FREE article to those on your existing list. This gets regular exposure to the e-zine. Highlight a special promotional item and include an ad of one of your other products or services. We have done this in the past. It is an article posted as an email.
11. The ‘Play-it-Forward Bonus’ Method
Inform those who visit your e-zine site that if they forward the e-zine to a potential subscriber and if the person subscribes, both those that forwarded the e-zine and the new subscriber will receive a bonus such as an e-book or one of the methods described above. With this method you will need to ensure you are capturing the email address of the new subscriber and the person who forwarded the e-zine.
12. The ‘Engage Them’ Method
Inform your potential and existing subscribers that you accept article submissions. You’ll get people who will subscribe just so they can submit articles and see them published. Make sure you inform them that you will identify them as the author and will give a link to their website. You will need to develop a policy around articles you will accept. By using the ‘Engage Them’ Method you can potentially get a steady stream of content without doing all the heavy lifting yourself.
By the way, if you are requesting potential subscriber emails, we found that asking for their first name works best. Make sure you also include a confidentiality clause at the bottom of your opt-in page, something like, ‘we do not rent or distribute your emails to others.’ And if you are going to send them promotional material it is also advisable to include a sentence that goes something like this: ‘By entering your email you agree to receiving promotional material and information about our products on a timely basis.’
Thank you for reading,
Richard P. Fontanie