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Revision as of 03:42, 4 May 2006 by Grahamenglish (Talk | contribs)
What's wrong with niche marketing today?
Perry Marshall: If all you have is an ebook, you don't have a business. A website is not a business. You need a sustained relationship with your customers.
Harlan Kilstein: Dan Kennedy believes information marketing is over.
Perry Marshall: If all you have is an info product, you have nothing. You must have an element of your business that only you can deliver.
Tactic 1: Pick a large enough niche.
Google Cash Method
Perry Marshall: It's the beginning of a business but has no assets.
Tactic 2: Online Strategies
John Carlton: Number 1 problem is a near-sighted approach to the value of your market. You want to be the "go to guy" in your niche.
Harlan Kilstein: "Where's the marketing funnel?"
Tactic 3: Recency and Frequency and Monetary
David Garfinkle: Customers who have bought from you twice are much more likely to buy from you again. 22x.
Rank your customers:
At the bottom of the list are the suspects. Then there's the prospects. Then there's a trier. Then there's a second time buyer and then there's an advocate.
1. Who has purchased from us recently?
2. How much did they spend?
3. How often has a customer purchased from me?
4. Which customers have purchased more than once?
5. How much have those customers spent.
6. Overall, which customers have spent the most with me?
Recency: the more likely they are to buy from you again.
Make most of your money from a buyer's list.
One: Build a marketing funnel.
Two: As you get people to buy thing, do cross-sells and upsells depending on what they bought.
Three: Build the relationship with the best customers and you have different priviledged offers to your best customers.
Tactic 6:
Tactice 7: The Success Mindset
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