Business Lyceum

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


Editor/Publisher:  J.F. (Jim) Straw

JULY 2002


Greetings & Salutations:

Have you ever wondered ...

"If most of the information about making a fortune on the Internet is horse manure and hogwash, where do the promoters get those people who give the fantastic testimonials of success using that information?"

First ... if you read carefully ... some of those testimonials are of "the emperor has no clothes"variety -- "I just know I'm gonna make a fortune using this valuable information."  They ain't done it yet ... probably never will ... but what they have to say 'sounds convincing' in a testimonial.

On the other hand, you have those people who give less-than-totally-truthful testimonials.

In order to gain the approval of the promoter and experience a vicarious thrill of fame, those people actually 'lie' to the promoter about their success.  By so doing, some of them even hope to achieve success by association ... allowing the promoter to use their full name and address in a published testimonial, or appearing in the promoter's TeeVee program to bear witness.

One of those people once told me that, to succeed, you had to "fake it 'til you make it."  Although most people thought he was rich and successful, he never did make it. -- By spending every penny he earned on 'appearing' to be rich, he never had money enough to ever get a real business started.

Then again...

"You cannot teach a man anything; you can only help him to find it within himself."-- Galileo


So, even if only 10% of the information provided by a less-than-totally-truthful Internet marketing guru is factual, there will be those among his (or her) customers who will find what they need within themselves.  Those people will attribute their success to the promoter who awakened the 'spirit of success' within them. -- They won't even realize how much they had been mislead until much later, when they look back and compare what they had done to what they had been lead to believe they were supposed to do.

To illustrate, let me tell you...

A true story from my own experience.

As you know, back in my younger days, I made some outrageous money as a Finder.  Then, in 1978, I created my Finder's Fee course ... which has since become the 'bible' of that industry.  But, I have never before told the story about how that course came into existence.

Back when I was just a kid, growing up on the farm, I discovered that I could make a few extra bucks by putting buyers and sellers together and charging a 'commission.' -- If farmer Brown had a tractor (or whatever) for sale, I would make an arrangement with him to give me a commission if I could find him a buyer.  Then, when I found another farmer who needed such a tractor, I would introduce him to farmer Brown and, if he bought the tractor, I would get my commission. -- It was 'easy money' because I knew almost everyone in the county, what they had for sale, and what they might buy.

Later, when I was in the Army, I learned that used car salesmen would pay me what they called a 'bird dog fee,' if GIs I brought to their lots bought a car. -- Again, I was earning Finder's Fees, introducing buyers to sellers, but I didn't know it at the time.

Sometime during my stint in the Army, I somehow acquired an old book about unusual businesses.  In that book, there was a rather lengthy chapter about  earning Finder's Fees.  That chapter mentioned that Finder's Fees could be earned in the fields of Industrial and Oil Field Equipment (just like farm tractors), Closeouts, Liquidations, Collectibles, and a whole world of areas I had never even considered.

Even before I got out of the Army, I had started earning bigger and bigger Finder's Fees on all kinds of products and services ... just introducing buyers to sellers ... as I had 'learned' in that old book. -- By the mid-1970s, I was known internationally as a successful finder ... earning some outrageous fees for 'finding' some of the most diverse products and services you can imagine.

For 10 years, I firmly believed that my 'success' as a finder was due to what I had 'learned' from that single chapter in the old book I had read.  And, had anyone ever asked, I would have 'testified' that I owed my success to that author.

As I pursued my career as a finder, I read everything I could find about Finder's Fees. -- Everything I read was 'bullstuff.'   None of it even vaguely resembled the 'truth' about being a finder - and - when I was able to actually speak to the authors, I learned that they, personally, had never earned any Finder's Fee, but they had 'read' about it (maybe in the same book I had read).

In 1978, when I decided to 'teach' people how to really and truly earn Finder's Fees, I went back into my archives and retrieved the old book I had read ... thinking I would use the chapter on Finder's Fees in it to start my course.

Guess what? -- Rereading the chapter on Finder's Fees in that old book, I learned that what the author had written was actually even more misleading than the 'pure bullstuff' I had read since.  (It's a good thing I had never given the author a testimonial.)  But, something in that book had inspired me to decide to become a finder.

So ... you see ... even though only 10% of the information provided by a less-than-totally-truthful Internet marketing guru may be factual, there will be those among his (or her) customers who will find, within themselves, the inspiration to succeed.  Those few will give glowing testimonials to the efficacy of the promoter's teachings ... fully believing that the information he (or she) provided was instrumental in their success ... not realizing that it was their own thinking that produced the results.

Once those people have made the decision to succeed, it matters not that over 90% of what they have read is worthless.  They will ... as I did in my pursuit of finder's fees ... adapt, adopt, develop, and implement the methods necessary to achieve their success.

By the way, I'm talking about 'bullstuff information' here, not 'bullstuff advertising.' -- Even 'bullstuff information' can inspire a person to succeed. -- 'Bullstuff advertising' only benefits the promoter.

Although 'bullstuff advertising' is a corruption, until a person is well versed in a business method, technique or application, it is almost impossible for them to discern the difference between bullstuff information and the real thing.  Therefore, unfortunately, even the very best of information may be, and often is, unwittingly labeled as 'bullstuff' by those who do not know.

But...

All it takes to succeed (in any business) is a decision to be successful.

Once the decision is made, you will do it!

It really doesn't matter what inspires you to make that decision.  Whether the information you are relying upon is the best, most reliable and factual dissertation ever written on the subject, or pure 'bullstuff,' your decision to do it ... no matter what it is you decide to do ... will produce the results you anticipate and expect.

Think about it!  Relate your decision making to anything (or everything) in your life. -- When you are indecisive, you wander around in a state of perplexity ... nothing seems to be going right.  Then, when a decision (about anything) is finally made, the stress is relieved and you can go on about whatever you are doing and accomplish your intended goal.

Even if the decision is to give-up, or quit, or just forget it ... the result is the same. -- You do it!!

When YOU finally and unequivocally decide that you are going to succeed at something (anything), you will do it. -- That's why all of the great teachers of 'success motivation,' emphasize goal setting.  Because, once you decide upon a goal, you will find a way ... even though you stumble and fall along the way ... to get to that goal. -- The decision to get to your goal is all it takes!

Decide, today, that you will have a successful, profitable business ... no matter what kind of business it may be.  Once your decision is made and you know without doubt what your goal is, forsake all other avenues to success. -- Then, even if you are following the teachings of a less-than-totally-honest guru, you will succeed.

The decision is yours and yours alone!


Now, let's do some ...

Questions & Answers, Comments & Other Good Stuff!

Mike Wirth wanted me to tell you ...

"I'm contacting you purely out of obligation. -- When I found out about the dangers virtually every PC user is exposed to (and in most cases even isn't aware of), my eyes about popped out of my head. -- It's no secret that horror stories about hackers, cyber-terrorists, viruses, and other insidious computer-related nightmares are all over the media like wildfire, but nobody ever seems to talk about real life solutions. -- Until now. -- Luckily, a viable answer to these problems is available that covers ALL aspects of computer security.  Every computer user MUST have this ASAP before it's too late. -- Since you have a valued email list, every person on it should be aware of this information and how they can be protected from the deadly predators lurking in cyberspace. -- The evil stuff is downright scary the more you find out about it! -- I've reviewed this product, installed the necessary software on my computer (it's FREE), and am convinced this is something that will help people conduct business safely in cyberspace. -- Please check this out right away."

http://www.1shoppingcart.com/app/aftrack.asp?afid=34899

Mike:

Thank You for the info ... I just told my readers about it.


Susan Blair wanted to know ...

"Do you know someone that sells xxxxxxxx, and other things that are used in xxxxxx.  One of the countries that are contacting me from Europe said that they want to get a full container to ship to them. -- I didn't want to tell them that I don't have them.  I thought that I should be able to find someone and work out a deal with them for a good price and then just email over to them and see if they accept it.  I am really learning a lot from you and your books.  I thought that this is something that Jim would do.  Right?"

Susan:

Any time you are seeking a specific type of product, it is best to go to your local public library and ask the librarian for their "Thomas Register." -- It's a reference book, so you won't be able to take it from the library.

The "Thomas Register" is an annual directory of manufacturers in the U.S. -- The old 1976 copy I have only has 6 volumes ... the 1992 edition has over 15 volumes.  (That's the last one I bought ... set me back about $500.)  I'll bet the 2002 edition is over 20 volumes.

You'll find all the sources you need in it - and - if the "specific" product isn't listed, just telephone one of the companies offering a similar or related product, tell'em what you are looking for, and ASK them if they know anyone who can supply what you need.


John E. Shreeve wants to give you a FREEBIE ...

"First off, I have to say that your e-letter is one of the very few free newsletters I read from "cover to cover". I store them all in a file too - treat 'em like gold dust!  Good information is rare. -- Anyway, I thought I might alert you (and perhaps your readers?) to my free ezine called "WiredPR News." -- As the name suggests, it offers tips and tricks about online PR - how to get your business or company covered in the media. -- I'm both journalist and publicist - writing for papers like the Financial Times in the UK and some aviation magazines in the US. -- Anyway, my approach is unconventional. I don't use press releases (hardly ever, anyway), and have a battery of "guerrilla" tactics I use, drawn from my work as a journalist. Being a journalist, I know what editors and newsrooms hate and what they like. Whereas straight PR people don't usually grasp it ;-) -- I give all sorts of tips in my newsletter, as outlined on the site. It could well give your readers some insight into how to get their businesses covered in the media - it's insider info basically. -- If you would like to mention this in your e-letter, then tell your readers I'll send them a free report on search engine placement if they sign up. The report was first published in the Internet column I write for the business section of my local paper. So, it's original, not rehashed."

Thank You, John ... I appreciate your kind remarks.

Okay, Gang ... to get your freebie, go to:

http://www.wiredpr.com


Rodney Alleman asked ...

"I would like to publish an e-book version of a book that was written many years ago. -- How can I find out who has the rights to it so that I may write and received permission?"

Rod:

The first thing I would do would be to go to Amazon..com to see if the book is still in print ... or being offered by someone.

If it's not there, it's probably out of print -- so, I would try to contact the publisher listed in the front of the book.  If the publisher still exists, ASK them about the book.

If the publisher does not exist, it may be that they were acquired by another publishing company. -- To find out, I would call Bowkers ... (877) 310-7333 ... and ASK if they have any information about the 'old' publisher (give them all the details from inside the front of the book). -- Go from there; if the publisher was acquired by another company, call that company; if not, go to the next step.

Run a web search on the Author's full name ... go to the links provided to find out as much as you can about that author. -- If the author is dead and the publishing company no longer exists, the book is probably in the public domain & you can re-publish it without peril.

Let me know how it goes.


Angela Smith done writ me a love letter ...

"Jim, I love Business Lyceum e-Letter. -- I've been a subscriber for 13 months and want to tell you that Business Lyceum e-Letter is probably the best ezine I've ever read on mailorder and I've read a bunch. -- With tips like "the free (tax-paid) services of the various government offices" in your latest newsletter to "All it takes to be an entrepreneur is a decision to be one. -- Once the decision is made, you will do it!" in your May 2001 edition where you asked "What Does It Really Take To Be An Entrepreneur?" I'd be a fool to not soak up every single word you send me. -- And let me tell you I soak them up two times over. As soon as your ezine hits my special email box that I created just for it I read it from top to bottom and usually wind up copying and pasting your advice in a little word file I made up just for great tips to re-read. -- The fact that you refuse to promote 'hot-air sandwiches', as you call them, really makes me pay attention to the things you do promote. -- I even visit your archives and have found some real gems there too. Like Duplicating Your Efforts! That one little tidbit made me $18,900.00 in less than 6 months and got me over 1,000 distributors nationwide. -- Now I'm trying to use that knowledge with a new online program that I decided to personally promote. I'm still struggling a little trying to figure out exactly who the people are who want to be dealers (affiliates in this case), but I'll get it right very soon. And when I do, I'll remember to fire the "do-nothings" and support and encourage my go getters. -- Thank you for taking the time to provide such a high quality... back to the roots ezine."


Thank You, Angela ...

You made my day.

Sitting behind this cold, dispassionate keyboard I sometimes wonder if anyone is listening. -- It pleases
me no end that I have, in some small way, assisted you in your entrepreneurial progress.

Again, Thank You for your kind remarks.  I truly appreciate it.


Roberto Alvarado wanted to tell you ...

"The Internet is fast becoming one of the biggest marketing challenges in the business community. -- Almost every business ... large & small ... is clamoring for the methods & technology to put their business online - BUT - the vast majority of them don't even know where to start. -- You could make yourself a fortune teaching them how to do it & providing them with fully functional, custom designed solutions to their Internet needs ... couldn't you? -- WSI Internet ... now in its 7th year ... has established over 700 franchises in 87 countries, with their franchisees doing just that for businesses of all kinds & sizes. -- As a WSI Internet franchisee, you use their proven & patent pending business systems to help small & medium sized companies within your community to profit from the Internet. -- Having a website is simply not enough.  Businesses must have the knowledge of how they can profit from this new technology. -- WSI Internet  Consultants (franchisees) are positioned to assist businesses in capitalizing on all of the possibilities & as new Internet technologies emerge, WSI Internet Consultants can deliver those results-oriented, technologically advanced Internet solutions to their clients ... generating an ongoing stream of recurring revenue from each & every client. -- WSI Internet also provides a dynamic, on-going support program custom tailored to meet the unique & individual needs of each new franchisee. -- No Computer, Internet or specific business experience is required for this business. WSI Internet provides complete & comprehensive training."

If your goal is to make a fortune from the Internet revolution, you can check this one out, at:

http://www.wsicorporate.com/business.asp?id=1010


Craig Busch was in a quandry ...

"I am getting ready to start and master (over lots of time and experience) what I need to do to have a successful mail order business.  >From what I have read, it seems that you have sold more stuff in dollar amounts that anyone else I have read about.  You also seem to be very knowledgeable about what does and doesn't sell. -- The three products I am looking at are ebooks or information books that I would create, Special Interest Videos that I would produce, or products that I would get from other sources and sell them here in the U.S. or oversees. -- With your experience as a mail order guru, would it be faster to acquire already made products and work with those, or create my own?"

Craig:

If I could start over today ... knowing what I now know ... I would NEVER create any products of my own.    I would NEVER stock any products in inventory, either.  I would sell other people's stuff as a drop ship dealer, or as an Affiliate.

Owning your own products sounds ever so profitable - but - in the long run, the inherent "costs" and the time consuming responsibilities, make it far less attractive.


Would You Believe ...

"Alex Mandossian makes things happen - fast! I was first introduced to him on a Monday afternoon and by Thursday morning one of his marketing ideas put an extra $12,500 into my bank account. This guy has an amazing marketing mind ... if you're smart, you'll put him to work for you too." -- Mark Joyner (The 'Tiger Woods of Internet Marketing' and CEO of Aesop.com)

If Mark says it, I gotta put some credence to it -- so ... check it out for your own self, at:

http://www.InfoBizInterviews.com


Michael Winicki wanted to know ...

"Good e-Letter this month (as usual).  Quick question on your response to the gentleman that had failed on a previous space ad marketing effort.  You as expected talked about the testing-issue, which I totally agree with. -- My question to you is what carries the most 'weight' in testing, in your opinion?  The promotion, the prospect, the media or the product itself?  -- Ben Suarez treats all four components equally.  Joe Sugarman seems to believe that the product itself and if it 'resonated' with the public was by far most important.  Joe said he never repeated an ad if it failed initially.  Ted Nicholas seems to believe the headline (i.e. promotion) was the key point.  I believe I remember Gary Halbert somewhat agreeing with Joe Sugarman that "It's not how you say but what you say that is important".  What are your thoughts on this?"

Mike:

Knowing ALL of the great names you mentioned personally and having read their writings over the
years as well, I still say ...

ALL of the mailorder gurus are right - but - ALL of the mailorder gurus are wrong.

The only way you can know for sure what will work for you is by "testing" - and - what you test, how you test it & where you test it also has to be tested.  Meaning you have to test each of the elements until you discover for yourself which elements require your testing in the future.

Sounds silly doesn't it - but - that's the way it is in the real world.


Have You Ever Done Any Telephone Sales?

If you have and you wanna make yourself a bundle, Ralph McKay is looking for a telephone sales person ... on commission, of course ... to sell a revolutionary new marketing concept to Radio Stations & Networks across the U.S.  (One person signed up 20 radio stations in two weeks by simply phoning them ... never leaving his office.)

After looking over the complete plan, I am convinced this can be a BIG (and I do mean "BIG") winner for both the Radio Stations and the Telephone Rep who calls on them. -- So ...

If Telephone Sales are your thing, contact Ralph for all the details.


Yarharbrough Roberts had a question ...

"Your newsletter is great. I have question regarding the Insurance Business. I'm a Independent Rep marketing Annuities and Final Expenses. Do you have any ideas how I can get more exposure to generate more business until I can afford a marketing program."

Yarharbrough:

If I were doing it ...

First, I would have a one-page, one-side flyer printed listing ALL of the benefits of the Annuity program ... and another one listing ALL of the benefits of the Final Expenses program.

I would then drop off a small stack of those flyers to places where people who would need my services would be in attendance ... the Country Club might be a good place for the annuity program ... funeral homes might be a good place for the final expenses program.

Just ASK yourself, "where would people who need by products congregate?" -- then, take some flyers to those places.

P.S. -- Anything you do to generate more business IS a "marketing program."


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
Testimonialist


Thought For The Month!

"Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing happened."-- Winston Churchill



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

Over the past 40 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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