You Better Get A Solid Handle On This

I made this mistake early on... and believe it easily cost me hundreds of thousands of dollars.
With all of the different online paid advertising channels available to us today (i.e. PPC, PPV, CPA, CPM, email drops, etc.)... not too mention... all of the different freebie traffic generation opportunities... it's very easy to lose track of which channels, methods and tactics are actually producing money and which ones aren't.
The result is that most online marketers don't really have a true handle on their marketing and sales metrics.
Sure, most know some of the basic metrics like total unique visitors, visitor value, and average sale.
But, when it comes to being able to tell you ROI for each and every dollar and hour invested in all of the various channels and activities, they can't do it.
And because of that, most online entrepreneurs can't make the most effective (and profitable) decisions for their business: decisions based on objective data.
The ultimate end-result of this is a business that is not scalable.
(It's not scalable because they can't effectively invest more and more marketing capital because they don't know where that additional capital should and shouldn't go. And that's a business-growth killer!)
Listen:
If you ever want to have a monster business online, you can't allow your analytics and metrics to get out of control. (If they already have, you need to rectify that ASAP.)
You need to monitor every single dollar invested in your marketing and advertising... and hold it accountable for a positive return on investment (ROI).
If you can't track the ROI of a particular marketing or traffic-generation channel, DON'T SPEND THE MONEY ON IT.
There's no value in spending money on a particular marketing method if you can't track it's performance and won't have any way to know whether to dump it or scale it.
And, you need to know at all times what activities, channels, and traffic tactics are producing profit and which ones aren't... and at what level for each.
Ultimately, the objective (when trying to consistently grow your business) is to find channels and tactics that give you a positive ROI... scale those... and decrease or eliminate the others.
And, you can only do that if you have a solid handle on your metrics and analytics.
Todd Brown Teleseminar Replay
After receiving multiple requests for the recording of Thursday night's "marathon" Teleseminar I decided to put it on the blog for you.
If you weren't able to make it live, this is your chance to hear one of the most intense, most passionate presentations on internet marketing you may ever hear.
I highly recommend you get a pad and pen before the start of this audio and get ready to take some serious notes. There's tons of internet marketing and business-development gold-nuggets shared at lightning pace for over 2 hours!
Enjoy.
Sneak Peek From The Dashboard Of My Hummer
What a weird time to shoot a little Internet Marketing video for you.
But, I did it... while driving!
Anyway, what you'll hear in this video very few internet marketers know or understand.
It's a tactic that will get you a HUGE list of targeted, qualified BUYERS for your expensive information products.
Take a peek:
(Be sure to watch the whole video because I think it's in the last few minutes or so that I share a very important internet marketing principle.)
What Does This Mean For YOUR Internet Marketing Business?
While flipping through the recent issue of PC Magazine I came across a great little blurb about Bill Gates from the editor-in-chief, Lance Ulanoff.
He was sharing his feelings about Bill Gates and all that he's given to the world of computers and the internet, and he said something that immediately jumped out at me.
Here's what he said:
"Bill Gates's genius was not his grasp of technology. Instead, he understood the market like no one else and knew which levers to pull to advance his products in the minds of consumers and businesses..."
WOW! That's a pretty big statement if you really get it.
It's worth pondering for a few minutes.
Then, when you're done, share what you think the implications that description of what made Bill Gates successful should have on the way an internet marketer approaches their own business. Post your comments below.
I'm interested to hear your thoughts...
3 Internet Marketing Lessons I Wish Someone Had Shared…
When I look back over the last handful of years I've been involved in the Internet Marketing Game, there have been a few moments... or realizations... that have each had a monumental impact on my business development and growth.
It was during these times that I was able to gain clarity and see, for the very first time, some major leverage points within my business... and frankly... any and every other online business as well.
In essence, it was during these few times throughout the last handful of years that I was finally able to see past a lot of the busyness, hype, and misinformation out there about internet marketing, and really see for the first time each of the these different "keys" to growing and sustaining a thriving business on the internet.
In this blog post I want to share 3 of those "keys" with you.
I'm sure in future blog posts I share more of the others. There have only been a handful, so it shouldn't be that difficult.
Internet Marketing "Key" Lesson #1: Modeling, But Improving!
For the bulk of the first handful of years I was on the internet, I followed the example of who I believed were successful selling online. Gurus, in essence.
I paid attention to their website design, sales copy, email promos, upsells, etc.
And, then I simply modeled what I did after what they did.
I figured... if it was good enough for them, it should be good enough for me.
And, it was.
It made me a lot of money. And, still does.
And, there's a lot to be learned and a lot of value to be gleaned by paying attention to what's working already on the internet. I think it's Armand Morin who says, "Success leaves traces". And, it does. So, you should certainly pay attention to those "traces".
HOWEVER, if you simply copy or emulate what others are doing, you'll always be a follower and never a leader.
Instead, what I recommend is this:
1. Pay attention to what's working already on the Net.
2. Figure out how you can improve on it.
For example, if you see everyone else doing Camtasia-style screen-capture videos in your marketplace, with a little intro and outro music, instead of just following along, improve it. Take it to the next level.
Incorporate better quality music. Use more images. Do some picture-in-picture. Maybe even move it over to a simple video editor or something and spice it up even more.
The point is this - model, but don't just follow along and copy.
Instead, model; then improve.
Be a "bar-setter" and constantly raise the bar with what you do, how you do it, how often you do it, etc.
That's key #1 to experiencing a breakthrough in your online business.
Internet Marketing "Key" Lesson #2: Constantly Scale Your Marketing!
Scaling up a business... SERIOUSLY SCALING up a business... requires the proper management of lead generation, lead flow, conversions, etc.
And, at the root of that management is your marketing, especially your paid marketing efforts.
If you lack the ability to manage those things, you lack the ability to scale your business.
So, what would cause you to "lack the ability" to manage those things?
A poor metrics and web analytics tracking system.
Let's face it... if you don't know what's truly working in your business and what's not when it comes to marketing and the investments you're making into paid advertising, how can you make effective business development decisions?!?
You can't.
And, that's the point... and the key...
What held me back from really building my business some years ago, and doing it quickly, and what holds 99% of internet marketers back from ever experiencing significant business growth is the lack of scaling with marketing.
In other words, when a marketer can NOT do more and more PROFITABLE marketing each month, they are going to struggle to experience significant business growth.
So, what stops most marketers from doing more and more profitable marketing each month, you're wondering??
*Well, a lack of tracking with their current marketing numbers, therefore a lack of confidence in whether their marketing is actually making them money or not, and hence a reluctance to do more beyond their current comfort zone.
Meaning, because most marketers don't really properly track their marketing and advertising metrics and web analytics, they don't know what's really working and what's not, and therefore it's very, very difficult to make decisions about doing and spending more.
The end result is that they're hand-cuffed by their own lack of numbers and tracking system.
Fortunately, this is easy to fix.
Begin by holding every single dollar you invest in your marketing accountable to produce at least a dollar in return. If you can't track it, don't spend it. Period.
As well, hold every hour you invest in your business accountable for a positive return on investment. Make sure you're getting maximum return.
Once you're tracking ALL of your marketing and paid advertising INDIVIDUALLY, begin by testing new sources of potential leads (i.e. banners, classified, CPA networks, other PPC engines, offline pubs, etc.). The new sources that prove profitable (or at least breakeven on the front-end), continue with. The ones that don't, dump 'em.
Then, just continue to work that system so you can continue to scale up your marketing and lead generation efforts and reach on a regular, consistent basis.
When you have a system like this in place, you'll feel comfortable knowing that you're totally on top of the key elements within your business, are totally in control of your key area (marketing), and possess the ability to make proper and effective decisions.
All good stuff!
Internet Marketing "Key" Lesson #3: The Value You Give!
It's very easy online to lose sight of what your primary business objective should be.
With soooo many people talking about this marketing tactic and that marketing tactic, sometimes it's very easy to take our eyes off of our current and potential customers and the value we're giving them (or, supposed to be giving them), and instead just wind up thinking about how we can extract maximum value for our company from them.
In other words, for many years what I thought about when it came to the development of my business was...
"What else can I do to increase the lifetime value of a customer?"
"How I can get them to spend more money with me?"
In essence, as is the case with so many internet marketers, the focus was on how I could get my customers to add value in way of dollars and cents to my company, instead of me and my company adding value to their lives.
How reverse and wacked is that?!
The right way to think about growing your business, is NOT to think about how to extract more and more money from your customers. Not at all.
It's to think about how can I give MAXIMUM VALUE to my customers in exchange for their investment in me and my company.
The correct line of questioning should be...
"What else can I do to give my customers more value?"
"How else can we help them achieve their objectives, and achieve them easier and quicker, in a more enjoyable fashion?"
"How can we add more to their lives?"
And, even though on the surface, this may seem like just a different way to express the same sentiments, it's NOT.
Here's the deal:
If you really want to experience a breakthrough in your business, fall in love with your customers, instead of your products, website, company, etc.
Think about them, not you.
In essence, it's the mindset famous sales expert and teacher, Zig Ziglar, has been trying to teach us for many, many years...
"You can have anything in life you want, if you'll help enough other people get what they want."
I actually like that saying reversed...
"If you help enough other people get what they want, you can have anything in life you want."
I like it reversed because it puts helping others (our customers) before getting what we want.
If you take that mindset within your business, all of the time, and combine it with the other 2 "keys" I've listed for you, you're virtually guaranteed to experience serious, serious growth to your online business. So, get ready!
(If you found this post helpful, and you'd like me to share more of the "keys" let me know by posting a comment below. As well, I'd greatly appreciate you bookmarking this page.)
Technorati Tags: internet marketing, todd brown
What Makes This Email So Persuasive?
There's one over-riding principle that made the following real email I sent out (promoting a webinar) so effective at getting readership and response.
Can you tell me what it is?
For the first person to post a comment with the correct answer, I'll do a video critique of your website for you.
Go ahead, read the email and then post your comment letting me know what you think the main persuasion factor of the email is:
Keep in mind, I changed the niche and plugged in "Hunting Store' for this post. Hey... I couldn't think of anything else right now.
-------------------------------
Hey ~Contact.FirstName~,
This is going to sound like an odd
question for you, but trust me... it
has to do with your hunting store and
personal income.
Did you know...
There's another place, besides Israel,
called the Holy Land?
Well, there is. Really.
And, besides getting ready for the little
hunting event you're invited to
this Wednesday, I'm also getting ready for
a little trip to this "Second Holy Land".
More about that in a second.
First, are you going to be there, with all
of the other hunting store owners who registered, this
Wednesday, March XX, from 3PM-4PM ET?
What am I talking about?
The LIVE Web Demo of the Hunting Store Widget.
****************************************
Go Here To Attend The LIVE Demo:
https://www1.gotomeeting.com/register/XXXXXXXXX
****************************************
If you haven't registered yet, you still
have some time.
As I write this email there are still
62 spots available.
Obviously there's no cost, and if you
want to see LIVE how the Hunting Store Widget gets
you new hunting customers every week on autopilot
this is your shot!
****************************************
Go Here To See Everything LIVE:
https://www1.gotomeeting.com/register/XXXXXXXXX
****************************************
Anyway, what does this LIVE web demo have
to do with this "other" Holy Land I mentioned?
Well, first, let me just say this...
The Holy Land I'm speaking of and planning
a little excursion to with my family this
weekend, is a very large, multi-acre
outdoor/indoor exhibit and tour of a replica
of the real Holy Land in Israel.
It's actually located about 15 minutes or so
from Disney Land in Orlando, Florida.
And, from what I've heard it's supposed to be
pretty incredible (for a Holy Land exhibit in
Florida, that is).
I'm SUPER-EXCITED, to say the least!
But, what does all of this have to do with you
and your hunting store and personal income?
Well, it reminded me of something I said
to a possible new employee years ago when
I was working as the Vice President of Training
for a company in central New Jersey.
I was ramping up for a serious growth initiative
and in the process of recruiting a potential
new manager for us.
During the interviewing process this potential
new manager leaned over and asked me if he would
really make that much more money working for me.
I said, "Will you make more money with me?!? You
come work for me and I'll lead you to the
Promised Land. And, you can take that to the bank!!"
Less than 36 months later, together we took the
department from less than $50,000 a year to over
2 MILLION!!
Later, after I left that company to create the
Dashboard technology, that same 75-person department
I created and oversaw cracked the 3 MILLION a
year mark and even won the "Best Of The Best"
Industry Award out of 18,000+ other companies.
I turned the department over to that new manager
when I left, and since, his life has never been the
same (especially his monthly bank account statement).
So, to say I came through for that new manager
is an understatement.
Today, I'm going to say the same thing to you...
Can the Hunting Store Widget make you
more money? Grow your business? Give you an
incredible lifestyle as a hunting store owner?
And do it all even during difficult economic
times??
Well, attend the LIVE web demo this Wednesday,
March XXth at 3PM ET.
And, let me show you why I guarante.e the
Hunting Store Widget will now lead YOU to the
Promised Land of business success!
(And, frankly, how it's already done it and
doing it as I write this for hundreds of other
hunting store owners just like you!)
****************************************
Go Here To Watch LIVE And See How The Hunting
Store Widget Gets You New Custoemrs Like Crazy:
https://www1.gotomeeting.com/register/XXXXXXXXX
****************************************
I hope to see you there,
Todd Brown
P.S. At the end of the Web Demo you'll also
get to claim a special $97.00 package I'll
be sending you in the mail... at NO COST!
https://www1.gotomeeting.com/register/XXXXXXXXX
In-Depth Internet Marketing Audio Interview
A couple of months ago or so my buddy Chris Brisson (who happens to be a super nice guy and savvy marketer himself) got me on the phone and grilled me for about an hour or so on internet marketing.
We talked about acquiring new customers, building the lifetime value, backend marketing, and everything in between. It turned out to be a great interview that Chris just posted on his blog (www.ChrisBrisson.com). I think you'll find this interview pretty instructive.
As always, let me know what you think by sharing your comments below.
Enjoy!

