Gonna Be Successful in 2012? Look at Your Budget!

14 replies
I always say that RESULTS DON’T LIE!

You might say you have the most mind-boggling product or service EVER, but if you aren’t willing to invest in your vision, you’ll never know if you’re right.

In the age of online businesses popping up literally overnight, every night, it’s easier than at any other time in human history to potentially make money.

Notice I said potentially

…Because most of the businesses that sprout into a tangible online presence are riddled with the signatures of a wannapreneur who didn’t do his or her homework and make absolute certain their offering was nothing short of spectacular.

There’s this backwards notion that you don’t want to invest in your success… until you’re successful.

Wait, what?

Doesn’t make sense, right?

And it’s that exact sabotaging-way of conducting business that keeps people who are broke… broke.

No, you don’t HAVE TO spend money to make money.

However, you DO need to make absolute certain that your vision is being communicated with crystal clarity – so it resonates with the audience you’re selling to.

AND…

…Guess what?

Investing in someone who can read your market and determine how to approach writing your copy so it DOES resonate with your audience is HUGE!

Because it doesn’t matter if you like your copy and approach, it matters if it converts.

Copywriters (at least the good ones) don’t try to appease you, but rather APPEAL to the people who WANT to give you money.

That’s just ONE reason why investing in outside help is vital, even if you CAN write the copy yourself.

Another set of educated eyes is ALWAYS a smart investment to make… if you’re sincerely excited about playing a BIG online business game!

And remember, your budget says a lot about how much confidence you have in your success and the value of your product or service.

A low budget says: “If it sells, great. If not, oh well. I’ll come up with something else”

A proper budget says: “I know what I’m offering is worth and I’m guaranteed success… it’s just a matter of putting my offering out there perfectly for MY audience!”

I’ve been fortunate to attract clients to me who fundamentally get this.

But I’ve observed the people who post here or in the “warriors looking to hire you” often fail to communicate their budget (and what they want in-return.)

Seriously, can you imagine Donald Trump coming to a copywriter without a pretty solid idea about how much he wants to invest and what he expects to receive?

My point is…

…Successful people who embark on a venture do it in a very particular way.

…Poor (or limited) people try to cut as many corners as they can – and somehow hope for the world to be handed to them on a silver platter.

So if you’re going to become enormously successful this year, make sure you know your budget and what you want for it.

In other words…

Act like a REAL entrepreneur… and maybe you’ll become one!

And being able to articulate your budget will put you so far ahead of the curve that you’ll be WAY closer to achieving your goals, rather than constantly shooting yourself in the foot!

Mark Pescetti

P.S. I recently had an experience with a client I’ve worked with before who came to me with a new project. He said he knows his budget represents the size of his vision, so he ponied up big time. He said “A man’s budget is like his erection… Bigger isn’t always better, but nobody wants to admit to being small.”

Anyway… I thought it was funny…

P.P.S. I know money has been talked about here before. But it’s always a GREAT reminder to think and act like a rich person – so you can become a rich person. Seriously, study how successful people conduct themselves in business, and pattern your decisions after the people you want to emulate. Amazing things WILL happen as a result…
#2012 #budget #gonna #successful
  • Profile picture of the author P.Sharma
    Wow, thanks for such a great article. I know how my mindset changed from 1 to the other and not being :

    “I know what I’m offering is worth and I’m guaranteed success… it’s just a matter of putting my offering out there perfectly for MY audience!”
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  • Profile picture of the author max5ty
    [quote=Reflection Marketing

    …Because most of the businesses that sprout into a tangible online presence are riddled with the signatures of a wannapreneur who didn’t do his or her homework and make absolute certain their offering was nothing short of spectacular.

    [/quote]

    Entrepreneur, wannapreneur....I call them piles of manure, ha, ha.

    Another thing to add -- something most overlook is the fact the big money is made when any campaign has several different lines of attack at the same time.

    Example...a sales letter, emails, website, online ads, JV's, etc.

    It's important to diversify your campaign.

    It's how successful companies do it.

    Print ads, T.V., internet (website, facebook), mentions on shows, in movies...on and on.

    It's rare to hit a home run with just one avenue of attack.

    Anyways

    Good post
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    • Profile picture of the author Mark Pescetti
      Originally Posted by max5ty View Post

      Another thing to add -- something most overlook is the fact the big money is made when any campaign has several different lines of attack at the same time.

      Example...a sales letter, emails, website, online ads, JV's, etc.

      It's important to diversify your campaign.
      Unfortunately, there are still a lot of people who think "I'll get my website and the money will just start flowing in!"

      I'm really big on building a brand (more at the end of this rant.)

      I ALWAYS strive to position my clients as the authority in their market.

      But I often meet resistance when I suggest doing a corporate authority site, a blog, a sales letter, social media, direct response mailers and YouTube - so we can flood the collective consciousness with their brand and message.

      People can get easily overwhelmed.

      You're right though...

      ...It's important to cowboy up and go into your marketing campaign CHOOSING to play a BIG game and be EXCITED about it.

      If your copywriter/marketer has to constantly play the convincing game to get you to diversify, the professional relationship can become toxic and far less productive.

      I actually just walked away from a campaign because my client was so attached to a singular direction and I pinpointed a whole new market we could attack that would have for less obstacles to overcome.

      He wouldn't budge, so I decided it wasn't worth my time.

      If you aren't willing to constantly adjust your plan of attack, you're setting yourself up for failure.

      You should ALWAYS have multiple forms of media selling and driving traffic.

      You CAN'T afford NOT to do BOTH!

      Here's are some simple steps you can take to diversify your marketing:
      • Start dialoging with a professional and reveal multiple topics you can approach writing about your business. (You'll be amazed how many ideas you really have when someone asks the right questions.)
      • Decide what are the most POWERFUL topics and appoint them to your website and/or sales letter (for headlines, sub-headlines, page headers, etc.)
      • Use some of those topics for writing at least 4 or 5 authority blogs.
      • Take a few more topics and script out some YouTube videos (or even video sales letters/Power Point creations.)
      • Work with a graphic designer (Mr. Subtle) who can take your ideas and create succinct images for your website and direct mailers.
      • Use your story to articulate an About Me page that really draws prospects into WHY you started your company and are so passionate about selling your product or service (being REAL sells!)
      • Gather as many testimonials as you can & use them in ALL your advertising, encourage people to post on your Facebook page (maybe even give them something for their trouble), and keep a Twitter feed going to inundate your audience (gracefully) with your brand verbiage.
      • If you don't have testimonials, create a special offer and ask for testimonials in-return.
      You also need to ask yourself, "How can I insinuate that my brand is an influential force in my market?"

      The answer to that question will result in even more ways to broadcast your business and get inside of your prospect's heads by TELLING them who you are, instead of leaving them with the opportunity to wonder!
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  • Profile picture of the author Saito
    yeah, I hear that. Time to bite the bullet and drop the cash to complete moneymaking projects faster than shoestringing it over slow, meager years.

    I recently asked for and got $500 in funding from a friend that will get my site WELL set-up, SEO ranked for my #1 keyword (low competition), and Social Media pages set up with initial followers. I waffled about this for 9 months and now it can all happen in a month's time!!!

    This whole FREE ways to make money and promote your site is bull****. Pay the freaking money and get results in scale and today, not years from now.
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    • Profile picture of the author Allan Leadbetter
      I totally disagree other than the cost for domain hosting etc you can.set sites up and have them ranking quickly for virtually nothing especially for low competition keywords
      And within a month unless you are outsourcing everything it shouldnt cost that much, with regards seo its a long term game you have to make sure you can sustain the ranking

      Originally Posted by Saito View Post

      yeah, I hear that. Time to bite the bullet and drop the cash to complete moneymaking projects faster than shoestringing it over slow, meager years.

      I recently asked for and got $500 in funding from a friend that will get my site WELL set-up, SEO ranked for my #1 keyword (low competition), and Social Media pages set up with initial followers. I waffled about this for 9 months and now it can all happen in a month's time!!!

      This whole FREE ways to make money and promote your site is bull****. Pay the freaking money and get results in scale and today, not years from now.
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      • Profile picture of the author Mark Pescetti
        Originally Posted by digiscot View Post

        I totally disagree other than the cost for domain hosting etc you can.set sites up and have them ranking quickly for virtually nothing especially for low competition keywords
        And within a month unless you are outsourcing everything it shouldnt cost that much, with regards seo its a long term game you have to make sure you can sustain the ranking
        You are NOT getting the point, are you?

        This isn't about keywords!

        This about positioning your marketing campaigns to generate MASSIVE sales!

        Stop thinking like a bargain basement, outdated SEO, imagine-less wannapreneur...

        ...And step up into joining the REAL salespeople who offer VALUE and receive an incredible living for their efforts.

        IF YOU'RE THINKING ABOUT SEO, YOU ARE NOT INTERESTED IN MAKING MONEY!
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        • Profile picture of the author Allan Leadbetter
          Firstly Reflection Marketing my point was not aimed at what you were saying. My point was made in response to Saito's point re free ways to set up site's and the point he made re his site set up with seo and keywords. Which is why I quoted him and that part in particular and why I mentioned SEO and keywords

          But DO NOT for one second presume to know me and the way I run my business based on one comment on one thread I am sure as hell not a "bargain basement, outdated SEO, imagine-less wannapreneur..." I run a highly successful 6 figure a year business in the UK with a large % of that based on SEO, so I know what I am talking about I have built my business by providing high value to my customers, where the hell do you get off passing a remark like that on someone you dont know!
          This forum is about opinions and the freedom to express them, I disagreed with a point another user made and I did it politely without the need to insult someone I did not know.

          Your reaction however says a lot about you and none of it good.

          There are many ways to make a fantastic living online and we do not all have to make money one set way, after all that is the point of this forum. You had made a valuable point in this thread however your comment "IF YOU'RE THINKING ABOUT SEO, YOU ARE NOT INTERESTED IN MAKING MONEY!"
          Is way off base and shows a high level of arrogance and ignorance to an important part of online marketing

          Originally Posted by Reflection Marketing View Post

          You are NOT getting the point, are you?

          This isn't about keywords!

          This about positioning your marketing campaigns to generate MASSIVE sales!

          Stop thinking like a bargain basement, outdated SEO, imagine-less wannapreneur...

          ...And step up into joining the REAL salespeople who offer VALUE and receive an incredible living for their efforts.

          IF YOU'RE THINKING ABOUT SEO, YOU ARE NOT INTERESTED IN MAKING MONEY!
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          • Profile picture of the author Mark Pescetti
            Originally Posted by digiscot View Post

            There are many ways to make a fantastic living online and we do not all have to make money one set way, after all that is the point of this forum. You had made a valuable point in this thread however your comment "IF YOU'RE THINKING ABOUT SEO, YOU ARE NOT INTERESTED IN MAKING MONEY!"
            Is way off base and shows a high level of arrogance and ignorance to an important part of online marketing
            If you're counting on SEO to drive traffic to your website AND convert sales, you're most likely SOL.

            That's a HUGE factor WHY over 95% of people FAIL to produce an online income from their marketing efforts...

            ...Because they're listening to too many people who are communicating totally different messages about HOW to drive traffic and convert sales.

            The point of this thread is to encourage people to wisely invest in their success - by focusing on COPY. NOT SEO.

            But you're right, my response was out of context.

            On that note, it's time for a beer!
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            • Profile picture of the author MikeHumphreys
              Nice thread Mark. I agree with your points.

              It reminds me of a story about Henry Ford in the book "Think and Grow Rich".

              It's in the chapter on Specialized Knowledge if you want to read the full story.

              The short version of the story is about Henry Ford going to court (During World War I) after suing a Chicago newspaper for publishing more than editorial that referred to him as "an ignorant pacifist."

              When the case went to court, the newspaper's attorney started asking Ford a bunch of "simple" questions, all of which Ford answered correctly.

              Eventually Ford got tired of the questions and said this quote to the lawyer:

              "If I should really want to answer the foolish question you have just asked, or any of the other questions you have been asking me, let me remind you that I have a row of electric push-buttons on my desk, and by pushing the right button, I can summon to my aid men who can answer any question I desire to ask concerning the business to which I am devoting most of my efforts. Now, will you kindly tell me, why I should clutter up my mind with general knowledge, for the purpose of being able to answer questions, when I have men around me who can supply any knowledge I require?"

              According to Wikipedia, at his death Henry Ford had a current day net worth over 180 BILLION dollars. IMHO, there was definitely nothing ignorant about Ford to amass that type of wealth.

              Anyways, enough about Henry Ford.

              I've owned both offline and online businesses for almost 20 years. Every single 7+ figure business owner I've ever met has operated using specialized knowledge.

              They are more worried about running the business and filling a key role than knowing everything there is to know to run every aspect of the business. They've focused on building their team, each one with their own areas of expertise... doesn't matter if it's employees or freelance help. Every one of these business owners that I've been lucky to meet has followed this principle. They started building their team as quickly as possible so that they didn't have to do every task in the business that was required.

              RE: Budget.

              Budget will definitely dictate the quality and quantity of outside help a business can use.

              Have a strong budget and you can hire top guns in whatever specialty you need: Copywriting... Graphic Design... SEO... Mailing List Broker... Mailing & Fulfillment Company... Video Production... etc, etc, etc. You can use your budget to leverage other people's time to make your business more money.

              Have little or no budget and you're looking at either hiring the cheapest help you can afford or doing a lot of the work yourself. If you're doing the work yourself, then it comes with a big price tag: Your own finite amount of time.

              My 3 cents,

              Mike

              P.S. Best-selling author Michael Gerber has a great book called the E-Myth that I highly recommend.

              IMHO, it should be required reading for every self-employed business owner or entrepreneur because Gerber talks extensively about creating systems in your business so that your business will (eventually) run 100% independent of you.
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              • Profile picture of the author Mark Pescetti
                Originally Posted by MikeHumphreys View Post

                "If I should really want to answer the foolish question you have just asked, or any of the other questions you have been asking me, let me remind you that I have a row of electric push-buttons on my desk, and by pushing the right button, I can summon to my aid men who can answer any question I desire to ask concerning the business to which I am devoting most of my efforts. Now, will you kindly tell me, why I should clutter up my mind with general knowledge, for the purpose of being able to answer questions, when I have men around me who can supply any knowledge I require?"
                The word INVEST (and also leveraging, as Ford understood) is really lost on most struggling entrepreneurs and small business owners.

                You can have the most amazing product or service, EVER, but if your message doesn't come through (benefits, consequences), you'll fail to positively affect people's lives...

                ...And you'll NEVER make a bloody dime.

                Choosing to invest in your success implies two HUGE declarations:
                1. You're admitting you can't do everything (and probably shouldn't even try.)
                2. You understand the power of leveraging your time - so you can focus on the tasks that utilize your most profound assets.
                Investing in a copywriter/graphic designer/website designer is creating the possibility for money to come in that would never otherwise exist.

                And choosing what aspects of marketing you invest in can also make or break your success.

                For instance, Jennie mentioned she hired someone to perform her SEO.

                If I were advising her, I wouldn't spend a dime on traditional SEO.

                I'd open a blog on my website or HIRE someone to create an auxiliary site and write for niche markets that continue to demonstrate my ability as a writer and get ranked for keywords that REALLY matter for my business...

                ...Keywords that are REALLY in alignment with how people search for product/service launches/re-launches - if not writing for markets that are cleverly outside the box and capture unique touches.

                Additionally, I'd research businesses that are re-launching and send out 100 -200 or so direct response mailers (and hire a graphic designer to really capture the vision of my ad copy.)

                In terms of leveraging, I think those two steps would be more effective than basic SEO (short & long term).

                Besides, traditional SEO can REALLY undermine a good sales writer's abilities (think articles, page titles, service descriptions, etc.) if it isn't up to par with their extraordinary talents.

                My point is...

                ...We ALL need a TEAM to create the full array of results we ALL want.

                And in the case of entrepreneurs who NEED to HIRE a copywriter...

                ...It's really important to create a collaborative relationship that enables the wordsmith to benefit from YOUR unique insights and expertise.

                Here's another KEY point that your budget reveals; your budget says:

                "I BELIEVE in my product or service... "

                OR

                "I DON'T!"

                How can you possibly expect your audience to take you sincerely (or seriously)... if you obviously don't BELIEVE in your own success...

                ...Because of how vapid your copy and marketing comes across?

                And look at it like this:

                A copywriter who can sell your business is like a Vegas slot machine that keeps spitting out cash!

                You'd want to put as much money as you possibly could in that machine, wouldn't you?

                Mark

                P.S. No Digiscot, I didn't even have the beer. Ended up playing chess instead!
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            • Profile picture of the author Allan Leadbetter
              Originally Posted by Reflection Marketing View Post

              If you're counting on SEO to drive traffic to your website AND convert sales, you're most likely SOL.

              That's a HUGE factor WHY over 95% of people FAIL to produce an online income from their marketing efforts...

              ...Because they're listening to too many people who are communicating totally different messages about HOW to drive traffic and convert sales.

              The point of this thread is to encourage people to wisely invest in their success - by focusing on COPY. NOT SEO.

              But you're right, my response was out of context.

              On that note, it's time for a beer!
              Fair enough like I said I thought you made a good point with your thread I just had a problem with the insults that followed, hope the beer was good!
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  • Profile picture of the author sethczerepak
    Amen, you have to invest value if you want to get value back.
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  • Profile picture of the author Jennie Heckel
    Interesting posts... and replies! I've read the E-Myth and agree with Mike H.

    For my own copywriting business I am called upon to advise many clients on what to do on their marketing, seo work and launches of their products.

    Their biggest problems are usually rooted in NOT being able to focus their time on the essentials THEY MUST DO. Instead they waste a ton of their valuable and creative time CONTROLLING EVERYTHING and DOING EVERYTHING themselves...

    Many clients can create a killer product, but couldn't write copy that converts well even if they tried! (But they write the copy anyway....) And then they lack the skills to market their product well and so their products fail to sell they way they envisioned!

    The entreprenuers that are SMART enough to know they can't do it all, and hire the EXPERTS they need, MAKE MORE money!

    Same with Coaching, clients that get expert coaching, generally are more focused, get more done, have a plan they follow through on and launch more products and they make MORE money...

    (Problems occur when clients lack the will to let go and let other experts do what they can't. And... are able and willing to invest enough money to assure the product launch is properly executed!)

    Clients KNOW they SHOULD pay for top work, (i.e. copywriters, web designers, seo people and marketers) because all the blood, sweat, tears and the gazillion hours they put into building a decent product that will SELL -- IS WORTH the INVESTMENT.

    And most successful entreprenuers that make money SELLING products know they have to spend a little money to MAKE that money. (Well maybe more than a little...)

    It all comes down to the INVESTMENT versus the GAIN factor.

    What is the GAIN worth to you?

    What would you spend (PLAN TO INVEST) to make $XXX,XXX money in return?

    Most clients find that they only get OUT of a product/project what they are willing to INVEST "IN IT".

    In fact, I just paid for a Warrior to do some SEO work on my main copywriting website.

    Why? Because even though I am an SEO Expert, (I've been paid to do SEO work for others) I don't have TIME to invest in creating links, doing articles, etc.

    My time is better SPENT writing copy and billing out more copy work. So it s a "NO brainer" to hire someone who is an SEO expert, who charges a fair price, to do the SEO work I could do, but my time would be better spent elsewhere.

    I see so many clients get hung up in CONTROL MODE.

    They have to control everthing and do it all themselves. This is not a good model for scaling up a business to making consistent profits over the long haul. Plus if you get sick what happens to your business if you don't have a good support (OUTSOURCER) system?

    When clients TELL ME that hiring someone to build their site, write their sales copy or do SEO work or market their product COSTS too much....

    I ask them this simple question...

    "What do YOU feel your time is worth?"

    $40 per hour, $50, $75 or maybe a $100 or more?

    Then compare that to the cost of the person you are thinking of hiring to do that work you don't want to do, or you really shouldn't be doing...

    Then it is an EASY decision what you should pay, what you can afford to INVEST in an EXPERT to do that work for you!

    Then take that extra time you now have (because you hired someone to take care of that task) and find more experts to help you SELL your product more effectively.

    Finding just 1 great JV partner to help sell your product to their list, and taking the time to find that person on the JV section of this forum, could EASILY double, or even triple your sales! Now you can easily pay for that outsourcer to do that work for you!

    Stop working so hard on your business and start working SMARTER with it!

    Get real about how MUCH YOU ARE WORTH, PER HOUR...

    Just think about it for your project you are working on right now...

    Aren't you plain silly to be doing it all yourself?

    Do you feel like you NEVER get any time off?

    Isn't your creative time worth more?

    I know I have to be honest, I too make the same mistakes...

    I have to watch myself to NOT do things I know I should be oursourcing...

    Think of it this way... If you outsourced just one job (one you hate to waste time doing on your business) how much more time could you have to:

    1. Learn more about how to build more profitable products?
    2. Study new emerging trends to market higher profit margin products?
    3. Find more JV partners?
    4. Get a coach?
    5. Make a better business plan?
    6. Add the thing you would want to do here ____________?

    I'm not trying to be a smart alec here.

    What I want all people who read this post to think about is this...

    No matter what your business is you could be working SMARTER in it.

    No matter if you are a copywriter, business owner, product creator, enterprenuer or whatever...

    You CAN afford to oursource some of your work and you and your business profits would be better for it.

    Now I am thinking to myself... "Oh where did I put that oursourcing list of mine?"

    Good luck to all in 2012....
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    • Profile picture of the author Mark Pescetti
      Originally Posted by Jennie Heckel View Post

      When clients TELL ME that hiring someone to build their site, write their sales copy or do SEO work or market their product COSTS too much....

      I ask them this simple question...

      "What do YOU feel your time is worth?"

      $40 per hour, $50, $75 or maybe a $100 or more?

      Then compare that to the cost of the person you are thinking of hiring to do that work you don't want to do, or you really shouldn't be doing...

      Then it is an EASY decision what you should pay, what you can afford to INVEST in an EXPERT to do that work for you!

      Then take that extra time you now have (because you hired someone to take care of that task) and find more experts to help you SELL your product more effectively.
      This is a brilliant way of animating the possibilities and consequences of developing a budget (to invest) and leveraging ones time to maximize their ROI.
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