Business Lyceum

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


Editor/Publisher:  J.F. (Jim) Straw

FEBRUARY 2008

Greetings & Salutations:

This month I'm  gonna do something a little  different. -- Instead of writing an editorial, I am simply  going  to publish some of the questions I have been asked and my  answers to  those  questions.

Hope you gain  something from it.



Q:  How old are you?

A: Just 2 years older than dirt. -- When I was in the Army, SGT Dirt and I had the same birthday - but - I was 2 years older.

Q:  Where are you from?

A:  Born in Oklahoma.  Reared on poor dirt farms in Oklahoma, Missouri and Kansas.

Q:  How many years have you been marketing?

A:  Over 50 years.

Q:  How many weeks a year would you say you spend working now?

A:  Just 52 ... there aren't any more.

Q:  Please list 3 of your greatest marketing success's.  Detail as much about them as possible. From how did you get involved into it, how did you market for that product and through what you learned through the process.

A:  I haven't had any "great" marketing success ... like so many of the one-time wonders.  I have just developed a stable of products and kept selling them.  No homeruns ... just single & double baggers that have continued to produce income.

Q:  Please list 3 of your greatest marketing blunders.  Detail as much about them as possible.

A:  I can count my successes on my fingers & toes - but - I couldn't count my blunders using all  the hairs on my chest.  -- Without blunders, mistakes and failures there can be no success.  You only learn from your mistakes ... success  doesn't teach you anything.  Show me a person who is afraid to  fail and I will show you a person who will never succeeed.

Q:  List your greatest marketing achievements (this need not be detailed but it should be in list format for it will be used to assert you as an authority in marketing).

A:  My career has progressed through 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 & coal mining, offshore banking, mailorder, writing, and publishing.

Over the past 40 years, I have written well over 700 books, booklets, manuals, reports, courses and articles about doing business -- all based on my own personal, hands-on experience. My writings are "specific" methods, techniques and approaches to doing business that anyone can use to start or expand their business.

As a direct marketer, I have produced revenues of over four-hundred million dollars ($400,000,000) worth of products and services ... everything from Beauty Supplies to Heavy Equipment ... Burglar Alarms to Sleeping Bags ... Fishing Lures to Women's Wigs ... Automobiles to Wheelchairs ... Investment Opportunities to Seafood ... Consulting Services to "How To" Courses. -- Today, I am making a new ... even bigger ... fortune on the Internet.

Q:  What did you do before you became a marketer?

A:  I had to learn how to read and write.  Started selling as soon as I was big enough to walk into town on  my own.

Q:  How did you first get invloved in marketing

A: When I was about 9 years old, I started selling Cloverleaf Salve door to door in our small midwestern town of 1,000 population.  Sold "Grit" newspaper, Christmas Cards, Magazine subscriptions.

Q:  How did you make your first dollar in marketing?

A:  Knocking on doors, selling just about anything I could find offered in  the back of Comic Books.

Q:  What was your first experience with a computer?

A:  As a kid, I was an  electronics nut.  My first  computer experience was a system using tubes and patch panels.  What you now do  on a wristwatch, used to take enough equipment to fill the building we occupy now.

Q:  When did you first start working online, and how did you get involved in selling within the online community?

A:  You can read the story at:  Oct99.html

Q:  What was the first product you marketed online? How did you become affiliated/interested in that product?  Did you make any profit marketing that initial product?  What did you learn from that initial marketing experience?   What would you say was your first break through product?  Any shocking marketing stories, something unusual ever happen while marketing?

A:  Created my website  in September, 1999, when more and more of  my paper & ink readers began asking  where they could buy my stuff online. -- At first it was little  more than a catalog of my  products. -- The site had coverd all of its costs  and generated  a profit by January, 2000.

All I did, at first, was add my URL to  all  of my out-going direct mail pieces. -- Still my best source of new customers.

Mid-year 2003, I discovered the profits to be made as an affiliate marketer. -- Until then,  I  had only sold  my  products to my customers. -- Within 3 months after  I started affiliate  marketing, I was knocking down a few extra thousand dollars each week. -- Then, once I knew exactly how it was done ... how anyone could  do  it ... I wrote my report, "How You Really  Can ...  Make  Your Internet  Fortune as an Affiliate Marketer!" --


Q:  Go through your average day from waking up in the morning to going in bed at night (be as thorough as possible).

A:  I usually  awaken about 4:30 each  morning ... do a little exercise  ... then, catch the news. 
 
Finish up all  emails ... fill all the orders  ... by about 10:30 a.m. -- Spend  the rest of the day searching for good stuff to tell my readers about ...  methods to use to increase my advertising ... doing the customary paper work involved in any business ... reading review copies of books sent to  me for my consideration.

I leave the  office about 12:00 noon. --  Do any chores that need to be done. -- Then, I read until about midnight.
 
Get up the next day and do it all again.

Q:  Do you have a system that you believe is responisble for your success, a certain making money strategy or model?  If so please describe.

A:  I use the PBOC method. -- I Put my Butt On  a Chair until  all of my responsibilities and obligations for the day have been done.

Q:  When you sit down at the computer what exactly do you do?

A: I turn it on.  Then, I get my emails... fill  the orders ... and answer every email (deleting the crap  as I  go).

Q: What in your opinion has been most responsible for your success?

A:  I love what I do and do what  I love doing.

Q:  How many different products have you sold online?

A:  Oh,  I don't know.  Fifteen of  my own products  and ... since I started as an affiliate marketer ... maybe a dozen more.

Q:  Have you worked in more then one market, if so which?

A:  Online  I have only sold business related information products  and services.  Over the years, I have been active in hundreds of different  markets.

Q:  What marketing methods have you used in the past and which ones have worked best for you?

A:  If  you are asking  about Internet marketing methods, I have tried them all  with varying success.  Direct email has proven to  be the best ...  as I fully explain in "How You Really  Can ...  Make  Your Internet  Fortune as an Affiliate Marketer!" --

Q:  How long did it take for you to become successful?

A:  I have always been successful ... even my failures have been successful. -- Why? -- Because "success" ... like "poverty" ... is a state of mind.

Q:  Where do you see internet marketing going in the next 5 years? Do you for see any types of marketing that will cease to work in the next year or two?

A:  It can only get better and better.  It is the greatest advertising medium ever created.

Q: If someone where to take everything in the business world away from you that you have built up until this day what would be the one thing you would hang on to?

A: As long as I have the knowledge of my past experience, I have  everything  I need.

Q:  What in your opinion has been the one characteristic of your personality that has beend responsible for your success?

A:  A desire to bring "value" into my customers' lives.

Q: If you had a chance to do it all over again is there anything you would have done differently?

A: Yes ... I would NEVER have any products of my own.  I would only sell other people's products and services. -- I would sell just as much but without the ongoing hassles.

Q:  What are you currently working on?

A:  Trying to teach people how they really can make money on  the Internet. -- They've been fed so much crap, it is a big job just  trying to get them to unlearn the garbage they have already learned.

That's why I wrote "How You Really  Can ...  Make  Your Internet  Fortune as an Affiliate Marketer!" --

Q: What are your plans for the future, is there any marketing adventure you have yet to conquer?

A:  I will keep doing what I'm doing until it isn't fun anymore.

Q:  If a person were to learn just one thing from your experiences what do you believe that should be?

A:  If you are going to be in business ...  be  in business.  Quit pretending.  Quit trying to get rich overnight  (it never happens).  Learn the solid fundamentals of doing business then apply them to whatever business you are doing.

If  you aren't going to  learn  to  do  business.  Go get a job and quit cluttering up  the business arena.

Q: Name 3 childhood leisure activites you used to participate in?

A:  Logic puzzles, chess, bridge.

Q:  Name 3 leisure activaties you participate in now?

A:  Reading, reading and reading ... anything about anything ... no fiction.

Q:  Do you have any pets?

A:  Just two black cats; Alex & Felix.  They're twins.  Their momma brought them to my office the day they were born ... she  left'em ... I took'em home.

Q:  If you could make yourself into any toy/super hero what would it be?

A:  Who, me?  There ain't one good enough.

Q: What do you usually eat for breakfast?

A: Just coffee.

Q:  Do you do anything unusual in your day?

A:  Nothing unusual ...  just do what I  do.

Q:  Boxers or Briefs?

A:  Depends upon what I am wearing.

Q: Did you have any idols or role models growing up as a kid?

A: Don  Amechi & Clayton Moore (voice), Fred Astaire (poise), Vincent Price & David Niven (class), John Wayne (manhood), Louis Armstrong (trumpet).

Q: Pepsi or Coke?

A:  Neither ...  I  prefer coffee.

Q:  Advertising is a key area that many of us need help with ... what are the main factors to consider in any form of promotion?  As always, there are only three ... Product, Offer & Audience.

A:  Rather than restate what I have already said, you'll find out everything you need to know about developing your promotions in past issues of my "Business Lyceum e-Letter" ... such as:
Jun01.html -- tells you why most marketers miss the mark by 50%.
Jan01.html -- gives you methods you can use to capture your audience ... just as they did in 1913.
Oct00.html -- tells you how anything that works is right.
Feb00.html -- tells how Unique Selling Propositions can be created.
Nov99.html -- tells what to do it you don't have any testimonials.  

Q:  What famous books on copywriting would you recommend?

A:  Anything written by Dan Kennedy, Melvin Powers or E. Joseph Cossman ... all of their works are written from hands-on, personal experience; not research.

Q:  We hear all the time that changing headlines can increase profits.  At what stage do you decide that it is not the headline that is wrong but the sales letter?

A:  You don't.

In the marketing game, the professional marketer is constantly testing. -- Sometimes, what works today won't work tomorrow - and - what worked well yesterday may, of a sudden, work well again today.

Here's how it's done ...

First, you write a sales piece and test it. -- If it produces orders, keep it as a "control" ... because you know from your testing that it produces orders.

If your sales piece does NOT produce orders, you change only one thing in it and test it again.

The big mistake most beginners make is by testing too many things at once. -- You'll never know which change made the difference if you have more than one change in your sales piece.

If you sales piece did work, you still need to be testing against it ... as your "control" ... to enhance it's pulling power.

Then again, when a new tested piece produces great gobs of orders, then quits, it will be time to go back to an older tested piece that used to sell. -- You never know in this business, until you test, Test, TEST; then test some more.

Hey ... sometimes you can lose a bundle of money testing and retesting your headline; your offer; your price; your audience - BUT - the results can make you rich, Rich, RICH ... when you find the right combination.

Most beginners just give up too soon.

If you KNOW your product or service is something needed or wanted in the marketplace, it is worth whatever it costs to find a headline, offer, price and an audience that works.

PLEASE tell me whether  or not you like the above Q&A format ...

I have literally  hundreds of questions and answers I have given over the years.

If you would like to read more of them, or NOT, please let me know.


Now, let's do some ...

Questions & Answers, Comments & Other Good Stuff!

Jason Nails said ...

"I received and have read your Snooping report ... ... and I think it is excellent.  I must tell you that I appreciate you not using filler, and theory in your products.  I have spent hundreds of dollars on one make money product (by a popular "guru"- then and now).  It was absolute junk, and VERY misleading.  It taught me nothing. -- Please - if you know of any other Jim Straws on this planet, who give gold like you- let me know. I want to learn as much from them as possible."

Thank you,  Jason - but ...

I don't think the world could take two of me.


Bob Meyer asked ...

"Have you read my FREE 28-page report on how to use barter to make more money?"

I hadn't read it, so I did.

This is must reading for every true entrepreneur.

Go get your free copy, today, at:

http://www.FastStart2barter.com



Deric Neufeld
was looking for ...

"I am researching a registered name (the circle with an R inside of it) and trying to find the company that owns the brand. -- Where would you go to find this information at? -- <>Is there a data base for this type of information?"

Deric:

The  circle R is a registered Trademark.

Here's where you can do a free trademark search.

http://www.directincorporation.com/tm_free_search.php



Dan Przyojski
wanted you to know about this ...

"Just dropping you a quick link to check out.  It's a multi-video uploading site.  I think it's free!  I'm going to give it a go.  You may want to put the info in your next newsletter. "

Okay, Gang ...

Check it out for your own self at:  http://www.tubemogul.com




Brian Ankner just wanted me to know  ...

"I watched your video and walked accross the street to a small manufacturing company, talked to the owner about over-runs and un-paids.  -- Un-paids is where they made the product but the company went under before they paid the manufacturer so the manufacturer is still sitting on it. Manufacturers are not marketers and are clueless as to how to get rid of the product. -- Long story short I am in the process of finding buyers for about 200K worth of "new" merchandise that he is willing to part with for pennies on the dollar just so he can clean out his warehouses! -- Nice margins headed my way soon! -- Thanks for the advice, you are a brilliant marketer."

Thank you, Brian ...

I always like to hear of my reader's successes.

Hope you guys didn't miss the video at: 




Barry  Rice sent me a copy of his new book ...

"I would like to submit my new eBook, "The Power And Blessings Of A Sunrise," for consideration for your endorsement and broadcasting to your list. -- "The Power And Blessings Of A Sunrise" is currently #4 on Clickbanks Marketplace under Society & Culture category."

Thank you, Barry ...

A truly inspirational story. I enjoyed it thoroughly.

Hey, Gang, if you have a ClickBank nickname, you can sell the book, too.  Just put your nickname in this URL and send it to  your list.

http://yourname.cavalry1st.hop.clickbank.net/



Alan Pescud  wanted me to tell you ...

"I've just started a website that offers a lot of how- to info as well as a number of well researched business opportunities.  I'm giving away a fair bit of useful stuff just to get my business report in front of some people.  If my fellow Business Lyceum readers are interested they can have a look."


Okay, Gang ...

Go take a look at: http://www.muni4u.com


Gregg Slonin had this to offer ...

"Here's a website where you can save money shopping at places like eBay, Wal-Mart, Best Buy, Staples and many others. The cool part is you can also make a few bucks.  And it's FREE!"

Okay, Gang ...

Check it out at:  http://www.buildyourincomefast.com/cashback.html


Martin Russell wanted me to tell you ...

"Here's a way to keep in touch with your friends and family and make some extra cash, too."

Okay, Gang ...

Another one you can check out for your own self  at:

https://www.sendoutcards.com/cgi-bin/trncustomer.pl?static_streaming_dvd:11888:undefined


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!

"Strength does not come from winning. Your struggles develop your strengths. When you go through hardships and decide not to surrender, that is strength." -- Arnold Schwarzenegger

"You must have long range goals to keep you from being
frustrated by short range failure." -- Charles Noble

 


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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