Professional Documents
Culture Documents
Money Making Secrets of Jay Abraham and Other Marketing Wizards
Money Making Secrets of Jay Abraham and Other Marketing Wizards
SECRETS OF
MARKETING GENIUS
JAY ABRAHAM AND
OTHER MARKETING
WIZARDS
A No-Nonsense Guide to Great Wealth
JAY ABRAHAM
100Mills.com
Money Making Secrets of Jay Abraham - Page 1
MAIN IDEA
Marketing is the engine that drives every business forward. Without customers, a business is going nowhere. With a dynamic
marketing program, any company offering a good product or service can grow flourish and prosper. The key to marketing is to
understand the needs of your prospects and clients, and how those needs relate to your product and service. Focus on that, and
you’ll be able to develop great marketing which can offset almost any other competitive disadvantage your company may suffer
from. In the final analysis, a business stands or falls on its ability to attract and hold customers.
100Mills.com
1. Starts with your Unique Selling Proposition (USP)
2. Utilizes an effective sales offer
3. Avoids the major marketing pitfalls
4. Incorporates a world-class marketing perspective
5. Generates results.
Money Making Secrets of Jay Abraham - Page 2
100Mills.com
Money Making Secrets of Jay Abraham - Page 3
100Mills.com
Experiment and find out for yourself. I think you will find it any business without carefully crafting a clear, strong, appealing
worthwhile.’’ USP into the very fabric of that business’s daily existence.’’
-- Jay Abraham -- Jay Abraham
Money Making Secrets of Jay Abraham - Page 4
‘‘Direct-response advertising is salesmanship in print or over the ‘‘But few, if any business owners truly understand the purpose
air. As salesmanship, it makes a complete case for the company, or reason for running an ad. It’s to stimulate a direct and
product or service. It overcomes sales objections. It answers all immediate response -- either a qualified inquiry, phone call or
major questions and it promises performance or results. It backs visit to your facility -- or better yet, to promote an instant sale.
the promise with a risk-free warranty or money-back guarantee. Nothing else warrants expending the lavish funds that ads cost.’’
Direct response advertising compels readers, viewers or -- Jay Abraham
listeners to take action, to visit your establishment, call in or send
‘‘Analyze your ads. Take your winningest approach and begin
you money.’’
testing different versions against each other. Improving each
-- Jay Abraham
component increases your leverage that much more. Use a
‘‘I honestly don’t believe you’ll ever find a safer, lower-risk, coupon, department number, mailing label code or different
100Mills.com
higher-profit method of increasing your business or profession telephone numbers to track the response rate for each variation.’’
than direct- response marketing.’’ -- Jay Abraham
-- Jay Abraham
Money Making Secrets of Jay Abraham - Page 5
100Mills.com
fun to do business with you, you’ll loft your company above the marketing tool that can stretch your marketing abilities many
competition.’’ times over.’’
-- Jay Abraham -- Jay Abraham
Money Making Secrets of Jay Abraham - Page 6
100Mills.com
-- Ron Tepper
Money Making Secrets of Jay Abraham - Page 7
11. Marketing for Professionals and Other Businesses business at a faster rate than you could have achieved
separately.
Main Idea 15. Develop weekend (or longer) trips for your clients that mix
For most professional businesses, a series of informative, instructional seminars with cruises and other activities -- thus
educational ads which establish you as a source of reliable making them tax-deductible for your clients.
information in your professional field will be far more productive 16. Approach your local newspaper with an offer to write a
than ads that simply place your name in front of potential clients. weekly column on your specialist field. Don’t even ask for a
This same principle can also be adapted to almost any other contributor’s fee -- just a by-line so your credibility is
business. enhanced.
Supporting Ideas 17. Approach larger corporations with an offer to become their
designated specialist in your field. Offer to provide them with
To supplement the effect of your information based ads: a monthly newsletter they can send to all their staff members,
1. Develop a short report that can be sent to those that contact or some other practical and beneficial services.
you, along with a description of your business and the kind 18. Offer a 24-hour information line using a recorded message
of work you specialize in. You can also include some case that is changed at regular intervals. Make this available to all
studies and other materials. current and potential clients or customers as a public service.
2. Test different versions of your ads. Find out which angles 19. Organize seminars which people pay to attend. Put together
consumers are most interested in -- and fine-tune future ads high perceived value packages of information and
accordingly. supplementary speakers. Use your imagination.
3. Develop yellow pages ads that are value-oriented, and that 20. Offer public clinics in which members of the general public
provide a risk-free way to start doing business with you. can come along to discuss matters without incurring any
Focus on your USP in your yellow pages ad. costs or future liabilities.
4. Build your business using a direct mail program. Even a 21. Make donations of time or materials to charities and other
simple one page letter that expands on the theme of your community based groups.
print ads will increase the results.
22. Develop a mailing list of existing client preferences. Offer
5. Consider newsletters. They can educate, inform and service those people early-purchase opportunities, new season item
both existing and potential clients. Give so much information previews and so on.
for free that people will find it useful and worthwhile.
Encourage them to call you to discuss these matters in more 23. Develop a mail order branch for your company’s operations.
detail. 24. Use variations of the marketing test approach as the
rationale for periodic drives to add new customers and new
6. Offer a free seminar or lecture to build awareness of your
clients to your business.
business. Make the seminar directly applicable to the needs
of your clients, and invite other speakers to participate from 25. Enter into strategic alliances with your competitors. Offer to
complimentary fields of specialist knowledge. Capture the pay them an introduction fee for the name and contact details
names and addresses of everyone who attends, and follow of each person they didn’t sell to. Offer to give them your
up with simple, professional letters. unsuccessful contact information on a similar basis.
7. If you have a good seminar, study what would be required to 26. Offer products on a pay-what-you-think-it’s-worth basis.
turn that seminar into a tape program or study program. Offer (Especially good if the stock would be sitting in your shop or
that as a promotional tool to attract new customers. warehouse earning nothing otherwise).
8. Approach large companies and offer to give staff lectures on 27. Offer loaner products to replace equipment which is away
a regular basis about your area of specialization. being serviced.
9. Make standing offers to other people in complimentary fields 28. Offer to give away something free to everyone who brings
that you’re willing to pay them a specified fee for any referrals your print ad into your shop and buys one other item.
they send your way. 29. Continually look for additional products and services you can
10. Allocate time and resources to your marketing program. sell to existing clients -- either by yourself or in joint venture
Don’t just leave it to chance -- be proactive. arrangements.
11. Leverage your marketing by barter. Offer payments in 30. Offer incentives for additional business, frequent purchaser
services for other products and services you would normally discounts, loyalty programs, etc.
pay for in cash or credit. Key Thoughts
12. Be willing to bring new clients in at an initial loss in
‘‘Effective advertising does not have to be crass and commercial,
anticipation of the value of the future business they will do
with you. but it must be used to get your name out to the public. If your
name is not familiar to people, they will not come to you. If you
13. Time your marketing expenditure judiciously so you incur the expose your name to sufficiently large numbers of people, some
expenditure in one financial year and derive the benefits in of them are bound to need your services. Your task is to combine
the following tax year -- delaying the need to pay tax for a and recombine the marketing concepts into new and creative
year. applications to your specific business.’’
100Mills.com
14. Look for an acquisition. Buy an existing business, introduce -- Jay Abraham
better marketing techniques and grow the new combined
Money Making Secrets of Jay Abraham - Page 8
12. How to Put On a Great Marketing Campaign 8. Keep a marketing notebook. Jot down anything innovative
you see being used elsewhere.
Main Idea 9. Test, test, test. When you stop testing your marketing, you
A great marketing campaign: stop improving. Look for added leverage.
1. Starts with your Unique Selling Proposition (USP) 10. Improve the best producing marketing programs and drop
2. Utilizes an effective sales offer the worst.
3. Avoids the major marketing pitfalls 11. Develop advertising and marketing that suits your product or
4. Incorporates a world-class marketing perspective service. Don’t shout -- if it’s not appropriate.
5. Generates results.
12. Develop ads, sales materials and marketing campaigns that
Supporting Ideas are compelling and factual.
1. Your Unique Selling Proposition (USP) 13. What you say is more important than how you say it. Develop
Ask: If I were a prospect contacting my business, what would it truly great business ideas, and great business marketing will
take to get my attention? What needs would I want met? What naturally follow.
promise would I want fulfilled? 14. The more you tell, the more you will sell. Pack more facts into
That will give you some clues of what your USP should be. Refine your marketing than anyone else.
your thinking by asking: What USPs are already being fulfilled 15. Once you put together a great marketing program, don’t get
by competitors? tired. Keep going. Keep fine tuning. Keep improving and
Your USP is the ‘‘big promise’’ of your entire marketing program enhancing.
-- the point of differentiation and the essence of your sustainable 5. Generates results.
competitive advantage.
In the final analysis, every person in business is in the business
2. Utilizes an effective sales offer of selling. A good product or service is required -- no amount of
To develop an effective sales offer: marketing can overcome an absence of value for the customer.
1. Develop a headline that captures immediate attention. But marketing ultimately creates a satisfied customer -- or else
2. Talks about the benefits -- from the customer’s viewpoint. it is a waste of resources.
3. Identifies the specific needs filled by your product or service. A simple technique to generate business:
4. Offer risk-free guarantees -- making it easy to do business.
1. Capture the names and addresses of all your customers --
5. States a specific sales proposition.
perhaps by offering a prize of some sort and letting them
6. Outlines how prospects should act.
enter by writing down their contact details.
7. Motivates to take action.
2. Regularly write to them simple letters, offering them
In essence, the sales offer develops a powerful and compelling
meaningful incentives to do more business with you a reward
case for why people should give you their business. It answers
that fits your product or service.
their assumed questions, motivates them to respond and
provides everything they need to make an informed decision. 3. Find creative ways to get your clients or customers to do
more and more business with you.
3. Avoids the major marketing pitfalls
The major marketing pitfalls are: ‘‘As long as the reward is directly related to your product or
1. Ignoring testing and trying to dictate what the market wants. service, you can’t lose. No matter what you offer, you’ll be doing
2. Making an incomplete case for immediate action. more than your competitors. After all, how many times have you
3. Failing to acknowledge the needs of the prospect. gotten a letter from a restaurant in your neighborhood, or a
4. Failing to use as many marketing options as possible. message from the florist where you bought that Valentine’s Day
5. Failing to find out the market’s opinion on the offer. bouqet, or a free offer from the hardware store for some washers
4. Incorporates a world-class marketing perspective to fix those leaky faucets? Not often, right? In fact, probably not
ever. Why not get started today? It’s so simple, it’s so seldom
To develop a world-class marketing perspective: done, and it’s so profitable. And that’s the bottom line.’’
1. Read every good ad you can lay your hands on. Make a file -- Jay Abraham
of the ads you like -- you may be able to adapt those ideas.
© Copyright 2011 All
2. Observe how consumers behave -- in shops, in public places
Rights Reserved
and in other business environments.
100Mills.Com
3. Get out on the front lines, working alongside your sales staff,
service personnel and so on.
4. Order something from your own company under an assumed
name and see how well you’re performing.
5. Listen carefully to any feedback from a customer and your
employees.
6. Encourage your marketing people to try new and innovative
ideas.
100Mills.com
7. Acknowledge your staff, your vendors and your customers.
Serve them with no holds barred.