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MONEY MAKING

SECRETS OF
MARKETING GENIUS
JAY ABRAHAM AND
OTHER MARKETING
WIZARDS
A No-Nonsense Guide to Great Wealth
JAY ABRAHAM

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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.

1. Customers and the Need to Educate Them . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 2


The greatest asset a business has is not its products or services but its customers. Quite simply, every
business stands or falls solely on its ability to attract and retain customers. Most companies focus solely
on attracting new customers, but it is actually old customers that are the key to growth and profitability.
2. Host Devices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 2
Most businesses spend vast resources attracting new customers when, with a little thought, they could
instead more profitably focus on people who are predisposed to buy.
3. Start-Up Marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 3
The three most important start-up marketing tools are:
1. The in-person call, where you meet with prospective clients, introduce yourself and solicit their business.
2. A follow up letter.
3. A telephone call to follow up on the matters discussed and express your availability to help.
4. Unique Selling Proposition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 3
The heart of marketing is your Unique Selling Proposition (USP) -- the distinctive and appealing idea
which serves as a point of differentiation of your business from every other competitor.
5. Direct Response Marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 4
Advertising that evokes an immediate response or action is the only type of advertising that should be
undertaken, and should form the basis for your entire advertising program.
6. Writing a Good Advertisement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 4
To write a good advertisement:
1. Command attention 2. Show people the advantage of using your product or service
3. Prove that what you’re advertising delivers that advantage
4. Persuade people to grasp that advantage 5. Make a call for action
7. Converting Prospects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 5
Once you’ve gone to the trouble and expense of advertising or marketing for new business, it’s illogical
not to use your best efforts to persuade those who respond to actually begin doing business with you.
Therefore, make doing business as simple, inviting, informative and enjoyable as possible -- while you
tenaciously follow through on every possible lead.
8. Direct Mail Marketing and Telemarketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 5
With the availability of computers and a history of success, direct mail has become an important marketing
tool for all products and services. Telemarketing can be used for products that are high margin, high price.
9. Marketing Help From Your Vendors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 6
The people who sell you products and services stand to gain most if you succeed. Therefore, look for
ways to offer them the opportunity to be rewarded lavishly when you succeed -- by offering them
performance based incentives which are far greater than their usual charges.
10. Public Relations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 6
Many new businesses fail because they neglect:
1. Public relations or publicity 2. Merchandising 3. Promotions
Therefore, if you master these three areas, you can cost-effectively generate more than enough
awareness to provide a steady stream of clients and customers.
11. Marketing for Professionals and Other Businesses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 7
For most professional businesses, a series of informative, educational ads which establish you as a
source of reliable information in your professional field will be far more productive than ads that simply
place your name in front of potential clients.
12. How to Put On a Great Marketing Campaign . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 8
A great marketing campaign:

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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

1. Customers and the Need to Educate Them 2. Host Devices

Main Idea Main Idea


The greatest asset a business has is not its products or services Most businesses spend vast resources attracting new
but its customers. Quite simply, every business stands or falls customers when, with a little thought, they could instead more
solely on its ability to attract and retain customers. Most profitably focus on people who are predisposed to buy. Ask:
companies focus solely on attracting new customers, but it is 1. What do people really want when they buy from me?
actually old customers that are the key to growth and profitability.
2. What related products are these people already buying?
Supporting Ideas
Once you identify these complimentary products, you can then
Selling more to your existing clients or customers is always going enter into customer sharing arrangements with other businesses
to be more productive than solely trying to attract new customers. which are already selling those types of products.
To achieve that, strengthen the relationship between your
business and your customers by: Supporting Ideas
In essence, the concept here is that of an endorsed relationship.
1. Developing practical ways to keep in touch -- by phone, mail,
e-mail or in person -- so that you can build rapport and so You identify businesses which are already serving customers
who are prime prospects for your product or service. You
that you can learn how to serve them better.
approach those businesses, and work out a mutually beneficial
2. Providing post-purchase reassurance every time they buy tie-up under which in exchange for access to their customer
from you. This will often take the form of a thank you note, base, you will provide them with compensation. This is a win-win
which resells the value of your company and reassures them proposal -- your marketing becomes more effective and they
of the value of your products or services. generate added value from their existing assets.
3. Giving your clients the very best possible deals and To achieve this, you must calculate how much you can afford to
guarantees you can possibly offer. spend on marketing. That is determined by calculating the
4. Letting past clients in on preferential pricing opportunities life-time value of a new customer to your business:
ahead of those who have never done business with you. LV = (P x F) x N - MC
5. Building trust with your clients by being ethical and honest, where:
and by focusing on their needs and their requirements rather
than your own. LV is the life time value of a customer or client
P is the average profit made from each sale
The cornerstone of any effective marketing plan should be F is the number of times a customer buys each year
developed around the objective of educating your clients about: N is the number of years customers or clients stay with you
1. Your product and your firm. MC is the marketing cost per client (total costs / no. of clients)
2. How they can use your products and services to save money, Once you’ve calculated the lifetime value of a client, you know
build a better quality of life, be more efficient, etc. how much you can spend to attract a new client or customer.
3. On broader subjects which they find interesting. You also know how much you can afford to give away to a host
to attract a new client or customer.
As a result, an educational marketing campaign will endear you
to your customers. You then supplement that educational The concept is simple:
marketing program by delivering more than anybody else 1. Identify companies that are already selling to those you want
delivers. An educated customer, receiving more than they to reach.
expect, is an unbeatable business proposition. 2. Negotiate a mutually beneficial relationship with those
Key Thoughts companies in which you deliver value to them in exchange
for access to their customer list.
‘‘Your best prospects are your existing customers. If you’ve been
putting all your marketing efforts into acquiring new customers, 3. Focus your marketing on the pre-conditioned prospective
stop and divert some of your resources into reselling, upselling customer pool rather than the population at large.
and cross-selling to those same customers. In every way Key Thoughts
possible -- through package inserts, regular mailings, special
offers -- stay in touch with those customers and get them used ‘‘A business generally spends its marketing dollars to reach a
to buying from you.’’ vast audience and they only do business with a fraction of this
audience. In conventional marketing, this is taken for granted.
-- Jay Abraham
But what if you could eliminate a lot of the expense of
‘‘One of the saddest marketing mistakes I see is the failure of "prospecting" and only spend your time and money on people
businesses to educate their customers about the unique who are ready to buy? Conversely, what if you could recoup the
advantages offered to them. Education is a powerful marketing investment you’ve made on past prospects whom you couldn’t
technique. Educate your prospective buyer about everything convert into customers -- money you have written off as a "cost
(including a few of the bad or less positive aspects of your of advertising". Furthermore, what if you could do all of this with
product or service) and you’ll sell to almost twice as many people very little effort?’’
as you do now.’’ -- Jay Abraham
-- Jay Abraham

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Money Making Secrets of Jay Abraham - Page 3

3. Start-Up Marketing 4. Unique Selling Proposition

Main Idea Main Idea


The three most important start-up marketing tools are: The heart of marketing is your Unique Selling Proposition (USP)
1. The in-person call, where you meet with prospective clients, -- the distinctive and appealing idea which serves as a point of
introduce yourself and solicit their business. differentiation of your business from every other competitor.
2. A follow up letter. Supporting Ideas
3. A telephone call to follow up on the matters discussed and A USP is the nucleus for the entire business operation. It
express your availability to help. articulates why customers should do business with you rather
than with anybody else.
None of these devices will work, however, if you don’t have
integrity -- a superior product, delivered with excellent service USPs can be built around numerous competitive advantages,
and providing customers with superior value-for-money. including:
Supporting Ideas 1. A broader selection.
In its purest form, marketing is simply promoting your product or 2. Larger discounts.
service -- expanding on strong points and benefits while 3. Greater levels of advice and assistance.
offsetting weaknesses and objections. Keep that goal in mind at 4. Greater customer convenience.
all times, and let it color and influence every marketing initiative.
5. Top-of-the-line products.
The essential start-up marketing steps are:
6. Exceptionally fast service.
1. Research your potential customers, buyers and competitors
and their preferred distribution systems before you 7. Premium quality service beyond the norm.
commence. 8. Better warranties than anyone else offers.
2. Talk to potential customers. Look at your product from their In addition, a USP may be a hybrid combination of two or more
perspective -- what needs does it meet. separate focuses.
3. Follow the 3-step start-up marketing structure: meet -- A good USP:
follow-up with a letter -- contact them again by phone. 1. Identifies the distinctive market need only you fill.
4. Develop all necessary systems to follow through and ensure 2. Is stated in a clear, concise paragraph or 3- or 4-sentences.
a high quality product or service ultimately and efficiently
3. Should be restated every time you communicate with clients
reaches the customer.
or prospective clients.
5. Develop a post-sale follow up system to build rapport and
4. Is vital to your marketing and business success.
provide an opportunity to upsell customers to better
products, cross-sell other products or generate referrals. Examples of good USPs:
Key Thoughts We offer legal services for the working class. We’ll take your
personal injury case on a contingency basis if we believe in
‘‘In business, the one fellow you never think much about, whom you. If you think you need a lawyer, but don’t know for sure,
you don’t know, sits back and controls the whole thing, and that come for a free initial consultation.
fellow is your customer. I have often said that all the profit and We offer exclusive, expensive, non-essential adult toys which
loss on any manufacturer’s books are the applause and hisses are all unique, high-tech and can’t be found in ordinary stores
of the customers.’’ or gift shops.
-- Charles Kettering, inventor, General Motors
We have five times the selection, four times the color choice,
‘‘Because its purpose is to create a customer, the business three times the number of convenient locations, two times the
enterprise has two -- and only these two -- basic functions: warranty and half the markup of any other dealer.
marketing and innovation. Marketing and innovation produce We sell the same brands of equipment as Company X -- at
results; all the rest are costs.’’ 25% to 75% less and with a longer warranty.
-- Peter Drucker, management consultant
Most computer companies sell you a computer and leave you
‘‘Don’t talk machines. Talk the prospect’s business.’’ to figure out how to use it. We provide individualized training
-- John Henry Patterson, founder, National Cash Register to help you get started -- and double the warranty period with
a free replacement machine should your computer ever break
‘‘If there is any one secret of success, it lies in the ability to get down.
the other person’s point of view and see things from that person’s
Mass market health clubs have hundreds of people all trying
angle as well as from your own.’’
to use the machines at once. At our club, membership is strictly
-- Henry Ford, founder, Ford Motor Company
limited -- plus we have more machines than anyone else.
‘‘Most people don’t put forth a concerted, ongoing effort to sell. Key Thoughts
They don’t persevere, they’re not tenacious, they try one time
and then give up. If you nurture and purvey a series of overtures, ‘‘Your entire marketing and operational success should be built
new business will enhance its closure rate many times. upon your Unique Selling Proposition. It’s ludicrous to operate

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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

5. Direct Response Marketing 6. Writing a Good Advertisement

Main Idea Main Idea


Advertising that evokes an immediate response or action is the To write a good advertisement:
only type of advertising that should be undertaken, and should 1. Command attention
form the basis for your entire advertising program. 2. Show people the advantage of using your product or service
Supporting Ideas 3. Prove that what you’re advertising delivers that advantage
4. Persuade people to grasp that advantage
Institutional advertising puts a company’s name in front of
5. Make a call for action
consumers in the hope that when they need that type of product
or service, the advertiser’s name will come to mind. Direct Supporting Ideas
response advertising, by contrast, answers questions, provides Advertising is nothing more than salesmanship in print, on the
facts, gives specific reasons why your product or service is air or in pictures. To be effective, advertising must focus on the
superior and asks the reader, viewer or listener to take unique benefits delivered by your product or your service -- from
immediate action. the customer’s perspective. Therefore, you emphasize results,
Direct response advertising can take several forms, including: not features.
Direct mail The five basic advertising concepts are:
Print ads in newspapers or magazines 1. Command attention.
Most usually achieved by a headline, which must attract
Radio or television advertising
instantaneous and immediate attention. The best headlines
Coupons or other incentive devices vividly portray the benefits to be derived or the problems that
Telemarketing can be avoided. In essence, a headline is an advertisement
for the advertisement, and must reach people where they
The advantages of direct marketing are:
live.
1. It can supplement the marketing programs already underway
2. Show people the advantages of your product or service.
in an existing business.
Answer the assumed question: ‘‘What’s in this for me?’’
2. It is an affordable way to reach market segments which will Useful, specific and factual information should be included
be most receptive to your product or service offering. to articulate precisely what benefits are available from the
3. The results are measurable and quantifiable. purchase of your product or service.
4. It is an excellent way to up-sell or cross-sell additional 3. Prove that what is being advertised delivers.
products and services to existing clients. Provide all the background information required to establish
5. It is a low-cost method of generating new business. your bona-fide capacity to deliver. This may include
informatio n tha t establishes credibilit y and pas t
6. It can be used to reach people in areas outside your area. performance.
7. It can be used to leverage small sales volumes into 4. Persuade people to grasp that advantage.
significantly larger sales. Add compelling reasons why the prospective customer or
8. It’s a productive way to communicate, empowering you to client should seize the moment -- the real hard sell part,
create more customer relationships. accentuated by an appeal to their emotions.
9. It can be used to increase the effectiveness of a sales force 5. Make a call for action.
by generating leads. Offer a specific inducement to get them to act immediately:
10. It can be an excellent use of free staff time during slow a booklet, a sample, a demonstration, a consultation, an
periods in the business day. introductory price available for a limited time, special
bonuses for ordering one way or another and so on.
Direct marketing focuses on a qualified audience using one or
more media for the express purpose of providing those people Good advertisements are multiplied salesmanship -- they can
with a reason to do business with you and to respond by mail, multiply the effect of a good salesman over a vastly larger pool
telephone or with a personal visit. of prospective customers or clients.
Key Thoughts Key Thoughts

‘‘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

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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

7. Converting Prospects 8. Direct Mail Marketing and Telemarketing

Main Idea Main Idea


Once you’ve gone to the trouble and expense of advertising or With the availability of computers and a history of success, direct
marketing for new business, it’s illogical not to use your best mail has become an important marketing tool for all products and
efforts to persuade those who respond to actually begin doing services. Telemarketing can best be used for products that are
business with you. Therefore, make doing business as simple, high margin and high price.
inviting, informative and enjoyable as possible -- while you Supporting Ideas
tenaciously follow through on every possible lead.
To develop a great direct mail advertising program:
Supporting Ideas
1. Make a list of all the benefits and advantages customers will
The pre-eminent fear for most new customers will be a fear of derive from their purchase.
making a mistake. You offset that entirely if you shift the risk of
doing business from them to you -- by offering them a 2. Pick out the single most powerful and most compelling
advantage.
better-than-risk-free guarantee. How:
3. Build a headline around that advantage -- stressing the
1. Offer to refund their money on a no-questions-asked basis.
desire to be young, distinguished, attractive or wealthier
2. Offer bonuses they get to keep, even if they ask for their through means of making a purchase.
money back.
4. Develop a sales letter that uses that headline to capture
Other ways to convert more prospects into customers: attention, provides the reader with all the factual information
1. Charge less for an initial purpose, explaining to customers they need and motivates them to act.
you’ll make more if they are happy repeat purchasers. 5. Put together whatever supplementary items are applicable
2. Add extra incentives -- longer warranties, free bonuses for -- a brochure, an introductory note to persuade them to read
an order by a specified date, etc. the letter, an order form, a reply envelope, etc.
3. Offer a bonus if they pay in full rather than in installments. 6. Rent a mailing list (see the Yellow Pages for mailing list
4. Offer package deals -- including add-on products or services, brokers) or make arrangements to access the mailing list of
converting a one-off sale to an ongoing contractual some business selling a complimentary product or service.
arrangement, assembling a lot of products or services 7. Evaluate your results, both from the perspective of cost per
together, etc. thousand pieces mailed and costs per order generated.
5. Offer finance and funding options -- extended payment 8. Continue to test and refine your direct mail package over
period, credit card charging, etc. successive mailings -- varying one element or another and
6. Offer additional information to educate the prospect about determining the difference in results achieved.
the value of the opportunity being offered to them. To succeed in telephone marketing:
7. Offer a trade-up offer incorporating something they already 1. Develop a plan -- know exactly what you want to achieve with
own. each call.
8. Offer special packaging, assortments or delivery services. 2. Prepare a list of topics to discuss, along with a list of relevant
9. Offer special incentives like a ‘‘name your own price or pay questions.
only what you think it’s worth’’ type of deal. 3. Always check you haven’t called at an inconvenient time.
10. Offer comparative data with other competitive products or 4. Have enough questions to make it interesting but not so
services. many it comes across like an interrogation.
11. Offer a small and inexpensive product first in the hope of 5. Get the ball rolling with broad questions and progressively
gaining their trust and making more substantial sales at later narrow your focus as the call proceeds.
stages. 6. Provide feedback -- show them you’re paying attention to
12. Use the marketing test approach -- you are only offering this their thoughts and their ideas.
special price to measure what the market response would 7. Don’t try and manipulate them into giving you business -- it
be, etc. insults their intelligence.
13. Provide a tangible reason (a tax bill, for example) why you’re 8. Be relaxed, be conversational, let them finish talking and
making an absolutely unrepeatable offer at present. listen carefully.
14. Offer to pay them if they refer someone else that buys. Key Thoughts
The options are limitless.
‘‘When selling by telephone, you have approximately thirty
Key Thoughts seconds to convince the customer to listen to you. You need an
‘‘It surprises me that most companies never put themselves in opening statement that captures their attention, conveys who
their customer’s or prospect’s position. Why else would they you are, what you want and why the prospect should listen.’’
make doing business with them so hard. By making it inviting, -- Jay Abraham
easy, informative, non threatening, educational, inspiring and ‘‘Once you’ve mastered direct mail, you possess a potent

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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

9. Marketing Help From Your Vendors 10. Public Relations

Main Idea Main Idea


The people who sell you products and services stand to gain Many new businesses fail because they neglect:
most if you succeed. Therefore, look for ways to offer them the 1. Public relations or publicity
opportunity to be rewarded lavishly when you succeed -- by 2. Merchandising
offering them performance based incentives which are far 3. Promotions
greater than their usual charges. Therefore, if you master these three areas, you can
Supporting Ideas cost-effectively generate more than enough awareness to
The concept here is very simple: provide a steady stream of clients and customers.
1. Go to all the vendors you deal with, and offer to reward them Supporting Ideas
on a performance basis rather than a set fee or charge. Successful public relations can be more than 10-times as
2. Structure an incentive plan which is generous (from their effective as paid advertising in terms of results alone. To get
perspective). In fact, it must be seen as an exceptional someone in the media to notice your business:
opportunity for them to be compensated what they’re truly 1. Develop a press release for your business. The release
worth rather than what the market will bear. should be directly relevant to those in your target market, and
3. Develop a clear, measurable and consistent system for should address some issue of consumer interest rather than
measuring performance-to-results. This will enhance the simply announcing you’re in business and would like some
integrity of the reward system, and encourage the vendors additional customers.
to out perform themselves. 2. Boil your press release down into one hook or one angle --
4. Move your focus away from making substantial profits on the one unique point that can immediately capture the focus and
initial sale. Instead, create opportunities for your own profit attention of the newspaper editor, the radio station producer,
to be derived from: etc. Make that angle the headline of your press release.
a. Future resales to those new clients. 3. Prepare your release professionally -- include a dateline, the
b. Upsales to better and more profitable products. most important information at the top, the facts and figures
c. Cross sales to additional products. and conclude with whom should be contacted for further
In other words, give away to your vendor most of the profits information, and details of how to contact them. Print the
from the initial sale and make your profits on the back-end press release on your letterhead neatly and tidily.
additional business you transact with those new clients and 4. Send your news release to all radio stations, television
new customers generated. stations, local newspapers, metropolitan newspapers,
5. Structure the arrangement in any way which makes it national newspapers, trade magazines or papers, and every
irresistible to those vendors -- which usually involves offering other media that reaches your target audience. Include a
generous compensation on an exclusive basis. brief note with each, indicating your willingness to provide
Approached creatively, there are a large number of people who further information if required.
are potential marketing venture partners to team up with. You More important than the mechanics of developing a good press
can leverage their talents, their capabilities and their assets by release is an awareness of the issues and fears that consumers
virtue of the commercial arrangements offered. face. If you provide new ways to help people avoid costly
Key Thoughts mistakes, achieve more, save money or develop a better quality
of life, the media will be interested. You may also tie in with a
‘‘I suggest you start thinking -- right now -- of all the vendors you celebrity somehow or represent an important trend which is
deal with and how you could put a deal together that would entice quickly emerging.
them to work for you on a variable compensation plan. Look at The focus is on becoming newsworthy, and then making certain
your own business and see how much you can offer them, either the people that cover the news know about you.
on the front-end or the back-end or both, and then prepare your
sales pitch to persuade them to go for it. I think you’ll be truly Key Thoughts
surprised at the power of this unique concept.’’ ‘‘One of the most powerful techniques every business should use
-- Jay Abraham is free publicity. As the name implies, there is no cost, just the
‘‘I truly believe that if you diligently apply yourself to integrating time and effort required to attract attention to your business.’’
this new concept into your business, you can grow your business -- Jay Abraham
exponentially into a marketing powerhouse virtually overnight ‘‘Whether we like it or not, the very fabric of society is sewn
because of all the valuable resources you’ll have behind you in together by publicity. The public loves reading, seeing and
the form of vendor partners who will be working harder than ever hearing publicity, whether they’ll admit it or not. Sports pages are
for your success. Once you master this concept, you’ll be able nothing but publicity,. Shows like "Entertainment Tonight" and
to position your business far above your largest competitor. You "The Tonight Show" are nothing but publicity vehicles.’’
could overtake them with no risk.’’ -- Ron Tepper, public relations expert
-- Jay Abraham
‘‘Public relations is advertising you don’t pay for.’’

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-- 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.’’

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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.
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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.

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7. Acknowledge your staff, your vendors and your customers.
Serve them with no holds barred.

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