Archive for February, 2008

List Complexity

Friday, February 8th, 2008

Let’s say that you are absolutely nuts about golf, and you have decided to follow your passion and build  an email list around the subject. Imagine that at this point you have built your email list up to 100,000 leads and that you have several products in your pipeline, which you plan on release in the near future. This could include a product on weight-lifting for golf, a product for improved driving, and a product for achieving putting perfection.

A simple way to market these 3 products would be to create an email campaign for each product and send the entire campaign to every one of your subscribers. Of course even with such a simple strategy you would want to make sure to spread out each campaign. No list will respond well to being constantly bombarded with sales pitch after sales pitch, and padding the space in between pitches with informative, and preferably unique information, on golf can only help your credibility in the eyes of your list.

A more complicated marketing strategy would be to divide up your list into a main list with several sub-lists. So you might send an email to your main list telling them that you have special information for anyone interested in efficient weight lifting for golf, which will add yards to their drives and fairway shots, even without a touch of improvement to their technique! This email would contain a link for anyone interested to follow.

Anyone who clicks on this link will be brought to a second opt-in page where they will have the option to become a member of the sub-list for “weight-lifting for golf.” Of course I would not advise you to use the term “sub-list” anywhere on this web-page, just some brief information to pique there curiosity, and get them to sign up.

Once your “weight-lifting for golf” email marketing campaign is completed you can send it to your sub-list. Please not that by campaign I mean a series of 5 to 7 emails designed not to inform but specifically to sell. At the same time you send your campaign to your sub-list you can send a brief series of sales letters, between 1 and 3 to your main list to try to encourage some extra sales.

Breaking up your email list in this way tends to cause better results in terms of conversion rate as opposed to treating all members of your lists as equals. You are always going to get a higher conversion rate emailing to your list of pre-qualified golf leads then you would to a list of 100,000 members of the general public. The reason is that your list represents leads that are pre-qualified based on the specific interest of golfing. It is the specific interest of the lead that gives it its value, and in a market as wide as golfing related products, there are bound to be even more specific interests which can be unearthed.

Dangers of Outsourcing Part 3

Wednesday, February 6th, 2008

When it comes to outsourcing web development and programming , there are advantages and disadvantages to using one company for an entire project. As we mentioned in our last article on the subject, Dangers of Outsourcing Part 2, in order to limit potential losses we would advise your first several projects to be small in scale. There are two main reasons for this…  first, it is often the case that work gets paid for that does not get completed and second, projects frequently wind up costing more to complete than the original agreement price.

Let me describe to you one of the really strange phenomena that occurs in the field of outsourcing. To describe this effect it is best if I use an example, our example will have three characters. More…

“You Gotta Be IN IT, To Win It!”

Saturday, February 2nd, 2008

I always took this saying to mean that whatever you undertake, you should give it your all. However recently I have started to think about the phrase in a new way. That is that you have to be actively involved “IN IT” to have any chance, what-so-ever, to “win it.” As someone who has suffered from over-analysis in the past, I can attest to the fact that theorizing, without action, gets you nowhere.

Everyone has heard the overused saying that “starting is half the battle” but there really is something magical that happens when you take action. There are several reasons for this, however I think one of the biggest reasons is timing.
                                                                                                                                                                        Take a guy like Wayne Huizenga, the ultra-successful entrepreneur that has been involved in the founding of such notable companies as Blockbuster Video and AutoNation. Huizenga seems to have an amazing instinct for knowing exactly when to sell a company, in some cases right before the company starts to tank. I am sure you can chalk at least part of having great timing instincts to “being born with it” but that is only part of the story. Great instincts can be developed, however when it comes to business I think this is where excessive theorizing fails.

Just as in nature and in life, business too has its own rhythm; whether it’s the rise and fall of a fad, the rise and fall of interest rates, or the rise and fall of the dot-com bubble. I think that it is only by acting on your ideas that you get connected with this rhythm and without such a connection your timing instincts will have little chance to develop. No matter how good or bad, you think your business plan might be, attempting to implement it will give you a lesson in timing that no amount of meditation or speculation ever will.


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