WHY SELLING CHEAP DIGITAL PRODUCTS IS HURTING YOUR BUSINESS

A lot of people think that selling cheap digital products is the easy way to make money online

But there’s a huge problem with this business model.

You see, I once knew a guy who was literally ADDICTED to downloading. His lounge was like an Aladdin’s cave for digital hoarders. I’m serious. Along with about 10 or 11 hard drive’s there were stacks and stacks of CD-ROMs. This guy would go onto torrent site’s and grab anything he could get. Movies, TV shows, books, install files, magazines, digital products you name it. And even though he received numerous letters from his ISP nothing ever happened to him. The funniest thing was that he was completely unable to use any of this stuff. For example, it would have taken him about 20 years to watch all of the TV shows and movies he collected.

(Let alone read the books and magazines or use the software!)

In fact, most of it was dumped on this ever growing collection of hard drives.

And this brings me to the point:

What you have to understand is that there are hundreds of guys like this.

In a quest to make money online these guys will grab whatever they can find.

A few of them may even pay money for this stuff.

But here’s the problem:

They immediately forget about it and do nothing.

The digital product sits on their computer growing digital cobwebs.

There’s a good reason why this happens.

Very few people care about digital content. Your product may seem highly appealing, but there’s very little chance that anyone will engage with it. These types of products are seen as low value (which is why they are so cheap in the first place) and this is a massive problem if you’re in the business of selling information.

After all, if no one engages with your product then no one benefits from it.

If customers don’t benefit they get buyer’s remorse.

The customer feels as if they’ve wasted their money.

And the next thing you know they want a refund.

In this way THIER laziness becomes YOUR problem.

Even worse, these customers aren’t going to buy more products.

So what’s the solution to these problems?

First of all, raise your prices.

Doing this will weed out lazy people.

More importantly, you need to start selling physical products.

People don’t forget about physical products.

This is because your product is REAL.

It’s not some abstract collection of 1s and 0s on a computer.

What’s more, every time they see your product the buyer knows they actually got something.

They’re reminded that it’s their responsibility to consume the product.

They are the one at fault…not YOU.

And eventually they may even read the book or go through your course…

…have a great experience and buy more stuff.

The takeaway is this:

You need to start selling physical products.

This is the key to increasing engagement as well as growing your brand and business.

Make sense?

Cheers,

Alastair Walton  

THE BEST WAY TO WRITE A NURTURE EMAIL SEQUENCE

What’s the best way to write a nurture email sequence?

In case you don’t know this is a series of emails designed to warm up prospects.

The idea is that you use this sequence to build a relationship, get people interested in your product…and…at some point ask for the sale. But how do you do this? Most copywriters have their own opinion on writing these sequences…

…but IMHO the easiest way is simply not to bother.

You see, if you want to “nurture” leads all you have to do is email them at regular intervals.

This is because the best buyers don’t need “warming up.”

Serious people are usually ready to buy from the get go.

(Not only that, if you take too long to ask for the sale you may end up losing it.)

Sending out a sequence of 3,5,10 or however many emails isn’t going do anything.

People who want your product will buy it immediately…

On the other hand you have people who are less keen.

These people will never buy or will buy at a later stage.

Converting them is far more difficult…

…but that doesn’t mean you need some special sequence of emails.

All you have to do is continue emailing them.

Doing this will build a relationship all by itself.

The bottom line is this:

Don’t worry about creating a fancy nurture email sequence.

It’s completely pointless.

People who are ready to buy will buy.

People who are less ready will buy later on.

People who were never going to buy…well…will never buy.

The most important thing is that you simply continue to email.

Whether you’re sending daily or weekly emails the idea is that you carry on going.

Over time you’ll naturally build a relationship…

…without really even trying.

Cheers,

Alastair Walton

IS PRIVATE SOCIAL MEDIA THE HOTTEST TEND IN INTERNET MARKETING?

What fuelled the astonishing rise of Face Book?

Why did this site become so enormous so quickly?

There are dozens of reasons…the biggest being the sheer addictiveness of the platform.

Another good reason (at least at the start) was exclusivity.

Unless you went to a certain college you simply couldn’t open up an account.

And that’s what I want to talk about today.

You see, I’ve noticed an interesting new trend in internet marketing.

This trend can basically be described as “private social media.”

It’s basically the idea that you set up a social media type website and then charge for the pleasure of using it. The most common way of doing this is to allow people to join for free and then charge them for things like making posts, adding an avatar, sending private messages and so on.

This stuff has actually been around forever.

(The best example is the Something Awful forums.)

It’s only due to the fact that social media is now so restrictive that it’s becoming more popular.

Not only that, private social media offers a number of advantages to marketers.

For starters, as I said, there’s the exclusivity factor.

People LOVE being part of a secret club.

Another huge advantage is that you own the platform and therefore control everything.

You don’t have to worry about being banned or interfered with.

There’s also the fact that social media is highly addictive.

And this is why these platforms are such a great way to turn followers into buyers.

If someone joins they may end up purchasing something later on.

They don’t even have to use the paid version of the platform.

(Although people that pay are obviously better prospects.)

BTW, this is why these platforms are usually dirt cheap.

Most people charge between $1-5 i.e. the same price as your average streaming service.

This way even if members don’t buy your products you can create a nice little revenue stream.

Now this is a great idea but it’s not something everyone can pull off.

For starters you need to be somewhat well known.

If you’re a YouTuber, social media star, gamer, famous copywriter, or have some kind of following…well…this might just work.

You’ll also have to spend time developing your user base.

Especially in the beginning.

This means actually posting on the platform and interacting with users.

(You can taper this off later on.)

Anyway, food for thought.

Cheers,

Alastair Walton

WHY ARE ONE WORD YOUTUBE TITLES BECOMING MORE AND MORE POPULAR?

Here’s something you may have noticed:

It seems like more and more YouTubers are using one word titles on their videos.

For example, Emma Chamberlain is one of the platforms biggest stars.

If you look at her channel some of the latest videos are titled: cool, film, rotten, haunted, and haircut. But isn’t this the exact wrong thing to do? Shouldn’t she be using something more descriptive…some type of title that grabs you by the eyeballs and refuses to let go?

Turns out no.

You see, there are a few good reasons why she does this.

First of all, these titles look completely different to everything else and actually help her stand out.

Second, she simply doesn’t need to.

What you have to realize is that she’s one of the most famous YouTube stars right now.

This means her name carries more weight than any convoluted clickbait title ever could.

Not only that, her audience is rabid and basically guaranteed to watch anything she puts out…

…no matter what title she uses.

And this brings me neatly to the point.

A lot of email marketers get obsessed with subject lines.

Yes, subject lines are important BUT they’re not nearly as important as WHO sends the message.

(Think about it.)

This is why it’s so important to build your name.

You need to become the type of person your audience loves to hear from.

The type of person who they eagerly click on no matter what you’re sending.

Most importantly you need to become FAMOUS.

Do this and half the battle is won.

Do this and your subject lines won’t matter nearly as much.

Cheers,

Alastair Walton

WHY YOU SHOULD AVOID “COPYWRITING VIRGINS”

I’ve mentioned this time and time again but it bears repeating:

Nothing is more important than carefully selecting your clients.

Working with the wrong people means enduring stress, sleepless nights, and worse.

(Not only that, you’re likely to get cheated out of your money).

So how do you select your clients?

Well, that answer goes well beyond the scope of this post, but here’s a quick tip:

Do everything you can to avoid what I call “copywriting virgins.”

You see, marketing and more specifically copywriting is a deeply complex topic. What this means is that you’re going to want to work with people who know how the game operates. People who understand how copy works and ideally have some experience with direct response marketing.

Basically you’ll want to avoid “first timers.”

Doing this will save you a great deal of hassle and heartache.

And here’s something even more important.

You should also avoid people who haven’t made a buck in business.

Not only do these inexperienced newbies have no clue, but they’re usually a pain to deal with.

What’s more, most of them are flat broke. This means they’ll usually have a problem with paying your fee. On the other hand, experienced business people usually know the score.

Even better, they know what good copy is worth, and have no problem paying for your work.

What’s more, they’re usually a pleasure to deal with.

You basically want to find someone who has an actual business which makes money.

That way they can actually pay you.

The bottom line is this:

Avoid clients who have no experience with copywriting and marketing…

…and clients who aren’t making money and therefore cannot pay you.

Hopefully this helps.

Cheers,

Alastair Walton

IS CLICKFUNNELS OVERHYPED?

What is ClickFunnels?

I was asked this the other day and felt I should share my answer with you.

You see, most internet marketers have probably heard of Russell Brunson’s ClickFunnels.

But what is it exactly?

Well, if you look online it seems as if a LOT of people are confused about this product.

But the reason why is because it’s basically shrouded by a veil of marketing B.S.

According to Brunson himself…

“ClickFunnels gives you everything you need to market, sell, and deliver your products and services online.”

This doesn’t tell you much does it? But what you really have to understand is that the reason why this product is so popular is because the marketing behind it is brilliant. Brunson has positioned the idea of “marketing funnels” as the be all and end all of everything. As long as you can build these mythical funnels (using his product) you’ll make bags of money.

The problem is that it’s a lot more complex than that.

For example you also have things like your offer, traffic, follow up etc.

(All of which plays a far bigger role than your “funnel”).

But the question remains:

What exactly is ClickFunnels?

Well as far as I can tell it’s simply an extremely fancy landing page builder.

Yep, that’s it.

It’s basically a piece of software that builds landing pages.

One positive of this product is that it allows newbies to build decent looking websites.

That being said, it’s nothing a competent web developer couldn’t whip up in hours.

When you think about it this way paying $297 a month for this product is INSANE.

My advice is to learn how to do this yourself or pay a web developer.

It’s vastly cheaper and easier.

Anyway, don’t believe the hype around ClickFunnels…

…it’s mostly a load of B.S.

Cheers,

Alastair Walton

P.S. The biggest thing you can learn from ClickFunnels is this: take something ordinary…give it a name…and you’re almost guaranteed success. Remember it’s all about selling the sizzle and not the steak

WHAT YOU CAN LEARN FROM THIS OLD SCHOOL TECHNIQUE FOR MARKETING VIDEO GAMES

Remember those GIGANTIC boxes that computer games used to come in?

Anyone who played games back in the day (I’m talking 80’s, 90’s) will probably remember them.

If you don’t know what I’m talking about then here’s a little history lesson.

In those days games came in massive boxes instead of the slim plastic cases you get today. These boxes would contain the game along with a bunch of other stuff. This other stuff would usually include manuals, maps, bits of paper, maybe a T-Shirt and so on. Back then people would often wonder about these boxes. Why put something as tiny as a CD-ROM or floppy disk in a huge cardboard box?

The reason why was simple:

You see, these boxes were really a brilliant piece of marketing psychology.

If I only sell you a CD…well…there’s a good chance you may feel disappointed.

On the other hand, by placing that product in a box you feel as if you’re getting MORE.  

Basically it was all about increasing the perceived value of the product.

The point is this:

Try to avoid delivering your product alone.

Always include other little bits and bobs.

This is why info products often come with a bunch of bonuses and other things.

Whether that’s extra videos, audios, manuals, cheat sheets, or whatever.

The bottom line is this:

Increasing the amount of “stuff” your buyers get massively increases their happiness…

…and therefore their satisfaction with your product.

Something to think about.

Cheers,

Alastair Walton

HOW COCO-COLA PULLED OFF HISTORY’S GREATEST MARKETING COUP

How many of you remember “New Coke?”

IMHO this was one of the most brilliant marketing campaigns ever created.

In case you’re too young to know about this here’s what happened:

All the way back in in 1985, Coco-Cola was gradually losing market share. To counter this they launched a top secret project known as “Project Kansas.” What this discovered – after a great deal of surveys and focus groups – was that Coke wasn’t “sweet enough.”

With this information a bold new plan was decided upon…

The Coco-Cola company would change their decades old formula and introduce “New Coke.”

As it turned this was a wild success and dramatically boosted sales.

But that wasn’t the end of the story…

You see, what eventually happened was that New Coke caused a massive consumer backlash. In fact, the company received more than 40,000 complaints and at one stage over 1,500 calls per day to their consumer hotline. This resulted in them returning to the original formula in only 77 days.

Now, to the untrained observer this may seem like failure but…

…I guarantee you this was all done by design.

You see, the introduction of New Coke performed several important marketing functions.

First of all, it provided massive publicity for the company.

Second, it resulted in a huge sales bump.

(Think about it, this is a no brainer: who wouldn’t try New Coke?).

Third, what you have to understand is that of course this was going to cause a backlash.

Coca-Cola is a deeply rooted piece of Americana.

This is why people got so upset and wanted the old formula back.

It’s also why the public returned in droves when “old” Coke came back.

(Causing another nice sales bump).

Ultimately, what this did was root Coke even more firmly in the minds of the public.

This is best expressed by Coke’s marketing vice president Sergio Zyman…

…the guy who came up with New Coke.

“Yes, it infuriated the public, cost us a ton of money and lasted for only 77 days before we reintroduced Coca-Cola classic. Still, New Coke was a success because it revitalized the brand and reattached the public to Coke.”

Enough said.

Cheers,

Alastair Walton

P.S. How can you create your own New Coke? Basically by experimenting with your product. If sales are dwindling then try reworking things. BTW, this is why copywriters are always describing products as “New and improved.”

THE STUNNING RISE OF ONLY FANS

Over the last year Only Fans has grown into one of the world’s biggest websites.

Thousands of people have signed up and are said to be making millions of dollars per month. With all this success, it’s safe to say that Only Fans is now etched into the public consciousness. In fact, unless you’re living under a rock, you’ve probably also noticed their stunning rise in popularity.

But how did this happen so quickly?

Well, there are a few reasons.

(COVID-19 obviously helped).

But once again it’s all about marketing.

You see, when it comes to marketing Only Fans has a brilliant strategy.

The way they’ve done this is by advertising their success stories.

More specifically, by using paid articles to do this.

You may already know what I’m talking about.

Over the last year I’ve seen dozens and dozens of articles splashed all over the web.

These mostly take the form of the following:

“19 year old makes $100,000 per month on Only Fans…”

“Only Fans model buys a house at 21…”

“How I made a million dollars on Only Fans…”

Etc. etc.

The point of these articles is to basically generate greed, envy and curiosity. You’re supposed to read the article and then imagine yourself making the same kind of money. For example, if you were a young women and saw one of these articles…well…there’s a good chance you’d consider opening up an Only Fans account.

(BTW, people actually believe these articles, but I can guarantee you that most are fake).

So what can we learn from this?

A few things actually.

First, never underestimate the power of success stories.

Make your audience believe that others like them are enjoying success and the sky is the limit.

Paint a picture of how great life could be and people will trip over themselves trying to give you their money.

Second, never underestimate the power of paid advertising.

Don’t waste your time with stuff like SEO.

Instead, invest in advertising and putting the right copy in front of the right audience.

Do this and you can generate millions in no time at all.

Off to start my Only Fans account…

Just kidding!

Cheers,

Alastair Walton

P.S. One more thing before I go: This week Only Fans announced that they would soon ban explicit material. After a massive outcry this was reversed…but…I can pretty much guarantee you that this was simply another publicity stunt (and considering the amount of press this move received it’s fairly certain that I’m right).

WHY MOST PEOPLE GET IT WRONG WHEN IT COMES TO PRICING THEIR PRODUCTS

How you price your products is highly important.

This is also something which stumps a lot of business owners.

So how expensive should your products be?

Many people choose their price seemingly at random.

Otherwise they copy their competition…

…or go for the lowest price possible (thinking it will increase sales).

Both of these choices are boneheaded and a really bad idea.

Instead, you should raise your prices as high as possible.

Now, many people shun this advice.

They worry about being more expensive than their competition.

But this is really the wrong way to think about this.

You see, the same product sold at a different price will pretty much convert at the same level.

(And therefore bring in the same amount of revenue).

What this basically means is that you’ll either get one sale at $100, or 10 at $10.

That being said, there are other things to consider.

For example, let’s say you have an upsell or follow up product for $50.

Let’s also say around 20% of buyers purchase this additional product.

In this case your ten $10 orders will boost your revenues by an extra $200.

Not only that, you’ll also have 10 more customers who are twice are likely to buy in the future.

On the other hand, if you sell at $100…well…you’ll still have $100.

What’s more, you won’t have additional customers who may purchase additional products.

This is why many marketers sell their initial products dirt cheap.

(A good example of this are so called, “tripwire” offers).

Something else to consider is the quality of your customers.

In most cases, a higher price point should result in higher quality customers…

…while cheaper price points result in lower quality customers.

Depending on what you’re selling this can be extremely important.

Low quality customers are often a massive pain in the butt to deal with.

These are the people who complain, demand refunds, and make your life a living nightmare.

Many of these people are also price shoppers, who should generally be avoided.

Yes, they might convert easier, but this is often offset by the issues they cause.

What this all boils down to is that product pricing is entirely up to you.

Do you want less (higher quality customers) and more money per sale…

…or more (lower quality customers) and less money per sale?

Ultimately you need to consider the following:

  • Do you have upsells and follow up products?
  • How many and what type of customers do you want?
  • How is your product is converting?

(With a lower conversion rate you may want more money per sale).

Cheers,

Alastair Walton

P.S. Everything I’ve mentioned also applies to people who sell services (except for a few key differences). For example, with services the question of quality clients is even more important. Speaking from personal experience, dealing with problem clients is absolute hell, and something you’ll want to avoid. Also, most service providers don’t have upsells or follow up products. For this reason service providers are advised to sell their services for as much money as possible.