Business Lyceum

e-Letter
Practical Instruction in the Arts and Sciences of Making Money


Editor/Publisher:  J.F. (Jim) Straw

AUGUST 2010

Greetings & Salutations:

Are You In Search of the Unique?

Here lately, I've had a number of calls saying ...

"I really need to find a unique product to sell by mail or on the Internet" - or -

"My product doesn't have anything unique about it" - or -

"How can I make my product more unique."

The first thing I tell them is to "go back and read the book," again. -- Not my book, Dan Kennedy's book (or newsletter).

Dan Kennedy, as you should know, is the chief proponent of using a "Unique Selling Point" ... or "Unique Selling Proposition" (either way, I'll use USP from now on) ... to  market your products or services.  But, Dan does not say you have to have a "unique"  product, or find something "unique" about your product, or make your product more "unique."

It is the "selling point" (or "selling proposition") itself that has to be "unique" ... which may, or may not, have to do with your product or service being unique.

As an example:  Coffee is pretty much coffee ... isn't it? -- But, Folgers is "Mountain Grown" coffee; while Maxwell House coffee is "Good To The Last Drop."

Whoa!  You say "Mountain Grown" coffee is unique.

Wrong ... caffeine breathe.  All coffee is grown in the mountains ... even Folgers ...  because that's the only place coffee plants grow.

Folgers used "Mountain Grown" as its USP for their coffee back before most people knew coffee was only grown in the mountains. -- Beyond that, once Folgers used that USP, no other coffee company would dare say their coffee was grown in the mountains, too.  It would sound too much like they were trying to copy Folgers.

Back when I was in the banking business, the USP I used for our bank was "We Never Forget What Gives Money Its Value ... Somebody Exchanged Work For It!"

When you begin creating a marketing program for your products (or services), before you do anything else, you need to make two lists.

The first list is your Fact List. -- In that list, you annotate everything about the properties of your product ... what it's made of ... where it comes from ... what it does ... what it doesn't do ... how it does what it does  (Sometimes, I go so far as to take a product apart and separately list every component in it.)

Once you have your Fact List, you need to make a Benefits List. -- I usually make two Benefits Lists.  One is labeled "Tangible Benefits" and the other list is "Intangible Benefits." -- The "Tangible" list may include the words "light weight," while the  "Intangible" list may say, "you can lift it with one finger." -- I try to write at least one benefit ... preferably more ... for every item on the Fact List. -- Get the idea?

When you have all your Facts and Benefits written down, read those lists over and over until something "unique" hits you between the eyes.  It might be a phrase from your Benefits List ... like "Good To The Last Drop" ... or a descriptive from your Fact List ... like "Mountain Grown."

Remember, it is the "selling point" that has to be "unique" ... not necessarily your product or service. -- But, you might not want to carry it too far.

Although I have wracked my feeble brain ... squeezed my little grey cells until they cried ... I can't for the life of me remember who it was who commented on an ad they had read.  I can't remember whether it was in one of Johnny Carson's monologues; or some stand-up comic's routine, or if the ad being commented on was even real but, the punch line; supposedly from the ad itself, was ...

"Made From Real Plastic!"

That might be carrying the concept of the USP just a step too far.  Then again, it might just be "unique" enough to grab the reader's attention and get them to read the rest of the ad.


Now, let's do some ...

Questions & Answers, Comments & Other Good Stuff!


Ray Teoh
tells me ...

"The property market in Singapore has been booming. Many investors have been snapping up condominiums and other luxury property, often for a fraction of the cost of similar properties in places like Hong Kong or London, while offering equally good returns. Anyone interested in the Singapore property market as a business or investment opportunity, let me know."



Dennis Littlefield says ...

"You can be A Hero in your area.  Help the people in your area reduce their mortgages.  Or, let me be your hero and reduce your mortgage."

Go  take a look for your own self at:  http://www.themortgagemanager.biz/6939-dennislittlefield - or - http://www.themortgagemanager.org/aff/6939-dennislittlefield


Mark Patterson sent me a review copy ...

"Bob Ryan is the author of The Definitive Guide To Raising Capital® t How To Fund Your Business In 30 Days Or Less.  Bob's home study course teaches business owners how to raise capital regardless of credit.  His techniques have helped business owners across the United States raise over $ 456 Million Dollars in funding.  Bob has been featured in USA Today Print Edition, Entrepreneur Magazine, Home Business Magazine, Business Week Online, Investors Business Daily, The Wall Street Journal, Money Magazine, Kiplinger's and Small Business Opportunities Online."

Go check it out at: http://www.fundmyideas.com



Reco Daviswanted me to telll you ...

"I just completed a comprehensive training program as a marketing consultant where I learned a simple, yet highly effective marketing strategy that has been proven to add as much as 30% profit to your business very quickly.  I'm offering it to clients on a pay-for-performance model.  Simply put, if it doesn't make you money, you pay me nothing."

Contact Reco for all the skinny.



Anony Mouse was curious ...

"Can you pick one thing about your BeAMillionaire course that is the one thing that you think is the best, or what makes people successful about it?"

Mouse ...

That's  easy ... JUST ASK!

Most  people never ASK.


Martin O'Neon has something for you ...

"The product I'm offering is called "Millionaire Stealth Secrets" Which is a 136 page A to Z, nuts and bolts course on building wealth on or offline, providing powerful timeless success techniques that will program your mind to automatically think about what you want to have in life, do or become (thus making those positive thoughts a real reality).   Each customer will have ongoing support and naturally a 30 day money back guarantee."

I couldn't put it down.

Go get your personal copy, today ... StealthSecrets


Well ... that's it for this month. -- In order to make every issue responsive to YOUR needs, please send me your questions; or tell me what sources or resources you need to build your business; or give me any thoughts you want to share with your fellow members.

Believe it or don't ... I ain t a mind-reader. -- If n you doesn't tell me what you need, I may never touch upon the information, sources or resources you need.

This is your publication for you to use to your benefit ... I am just your moderator.

 Until next month, keep well ...

J.F. (Jim) STRAW
Grande Panjandrum


Thoughts For The Month!

- You can t live a perfect day without doing something for someone who will never be able to repay you." -- John Wooden

"Do something everyday that you don't want to do; this is the golden rule for acquiring the habit of doing your duty without pain." -- Mark Twain


Can you stump the old master? -- Betcha can't!

Over the past 50 years (man and boy), I have made bundles of money in direct selling, service contracting, wholesale merchandising, entertainment (I was a professional Trumpet player, vocalist & Radio Announcer), freight forwarding, import/export, retail merchandising, warehousing, real estate, electronics manufacturing, finder's fees, closeout merchandising, financial brokerage, business consulting, steel fabrication, gold and coal mining, offshore banking, mailorder, writing, and publishing. -- That being the case ...

No matter what business you're in ... whether you're just starting, well on your way, or at the top of the heap ... I've probably been where you are, done what you are doing. -- So ...

Anytime you have a question about 'how' to do something in your business - or - if you have any comments about anything I've said in issues of this e-Letter; or if you want to add your 2 cents worth ... just "ask" me or "tell" me.

Send your Questions, Comments or 2 Cents Worth to ...

with "Question" - "Comment" - or, "2 Cents Worth" in the SUBJECT.

If I, personally, don't have an answer to any question you may ask, I will contact some of the professionals in your field of endeavor (I will probably know one or more personally) to get the real 'skinny' for you.

Note: If you want to ask a question anonymously just tell me so when you send in the question. -- Nobody but you and I will know who asked the question.


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