Business Lyceum

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


Editor/Publisher:  J.F. (Jim) Straw

OCTOBER 2009

Greetings & Salutations:

Trust ... on the web (Internet), in mailorder, or anywhere else in business or life ... can only be "earned."  Therefore, to inspire 'trust,' you must do those things which will allow you to "earn" the trust of the people with whom you deal.

To begin with, how many times have you gone to a website and discover there is absolutely no way of knowing 'who' operates the site ... or how you can contact them (other than through the website itself)? -- Then again, even when you contact them through the website, how often do you get a prompt response that actually "answers" your inquiry?

Unfortunately, too many petty crooks, phonies, flakes and fakes love the Internet for the simple reason that they can claim just about anything in their materials ... without much chance of discovery ... because no one knows who they are. -- I have also observed that too many otherwise honest people use this same anonymity to simply hide the fact that they are beginners in the business community, working from home, or just a small operation.  (A lesson they learned from the Internet-Gurus who have told them that "on the Internet, you can look like a BIG company.")

Throughout my 50 years (man & boy) in the business community, I have found that "real" business people put their "real" names and addresses on everything they do. -- If YOU don't want to put YOUR NAME on the products or services YOU sell, either YOU or YOUR PRODUCT are suspect.

Even when I was barely dry-behind-the-ears, I used my real name and address on everything I did. -- I never tried to change people's opinions about dealing with a kid. -- If people didn't want to deal with a kid, I accepted that as just another factor I had to overcome by providing "superior" service to those who would deal with a kid. -- I let my "customers" convince the skeptics that I was worthy of their business.  (That's what "testimonials" are all about.)

Beyond that, if anyone ever asked, I admitted that I was a kid. -- I didn't try to pretend I was anything other than what I was.

Granted, I always attempted to present the best "professional" appearance in all my dealings ... just like the Internet-Gurus who tell you that you can have the appearance of a BIG company on your website ... but, my "professional" appearance was adopted because I tried in all ways to "conduct" myself as a professional would in my dealings ... my purpose was not to deceive.

Building "trust" in the business community requires only that you identify yourself, put your best professional-foot forward, admit your shortcomings, and "do exactly what you say you can do" promptly and professionally. -- "Trust" will come ... when you have earned it.

You can NOT earn anyone's trust, if your are anonymous.


If you  want to know the kind of trust I have developed over the years ...

SpecialEdition.html


Now, let's do some ...

Questions & Answers, Comments & Other Good Stuff!


This month I'm  gonna do something a little  different. -- I am simply going  to publish some of the questions I have been asked most offen 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 couple 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.


I've got a VERY special free gift for you today.

http://budurl.com/JimStraw


I highly recommend that you download it now, while it's still available free of charge.

http://budurl.com/JimStraw

It comes with some "AWESOME" squeeze page templates ... free, too!


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!

 

"Show me a man who cannot bother to do little things and I'll show you a man who cannot be trusted to do big things." --  Lawrence D. Bell

"In the business world, everyone is paid in two coins: cash and experience.  Take the experience first; the cash will come later." -- Harold Geneen

"Success is a lousy teacher. It seduces smart people into thinking they can't lose." -- Bill  Gates

"Every single one of my successes came about because I exposed myself to them.  In other words, what I started out to do wasn't exactly what made me my fortunes even though I tried to do all the planning I could before I got involved. Strangely, even the work and planning I did on items that I later dropped set me up to succeed on the projects on which I succeeded.  So stick your neck out." -- E. Joseph Cossman


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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