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"37 Business & Marketing Lessons Learned In The School of Hard Knocks"
By Edward "Mr Ed" Thorpe

 

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  1. You decide your personal & business value by 1st deciding the worth you provide to others.
     

  2. Every adversity presents an opportunity, whether you act upon it or not.
     

  3. Knowledge only becomes power when it's organized into a plan of action, and then acted upon.
     

  4. Never hesitate to get help (coaching/advice) from people outside of your immediate circle of influence.
     

  5. If you can get leads, and turn some of those leads into prospects and your business idea ain't workin', it ain't gonna work.
     

  6. If your idea isn't working, dump it and find another target market.
     

  7. There's no shame in a failure...Unless you don't learn the lesson(s) inherent to the cause of said 'failure'.
     

  8. Even the most successful marketer's ideas fail at a ratio of about 7 out of 10...so, what'll you figure your ratio will be when you're starting out?    
     

  9. People buy for only two reasons: to solve a problem; and to achieve a goal.
     

  10. Sell what people already want by telling them what they're already thinking.
     

  11. View the world through your prospect's eyes, feel the emotions they're feeling, and communicate with them at that level of understanding & empathy.
     

  12. A lucrative target market will already have buyers who are identifiable and reachable.
     

  13. A target market of buyers will have competitors you must contend with.
     

  14. Research and model & improve your competitor's successful methods.
     

  15. Discover the areas where your competitor's customer service/buying experience/follow up processes are failing and fix these 'problem-areas' for your future customers.
     

  16. Use any of these improvements as parts of your UBA's, or the reasons why your prospects should buy from you.  (UBA: Unique Buyers Advantage)
     

  17. Once you've established your business in said target market, make more money when you cooperate with your competitors via Joint Ventures, Endorsements, and Cross Promotions, etc.
     

  18. Use your advertising to build your list of leads, not to sell.
     

  19. Your selling message must:

    _ Grab your ideal prospect's attention
    _ Gain their interest by appealing to their emotions
    _ Establish credibility by using customer testimonies or 3rd party verification. (i.e. your accountant/banker) 
     

  20. Create a burning desire for your offer by:

    _ Proving you can solve your prospect's problem
    _ Or help them achieve their goal.
    _ Give emotional, but logical, believable reasons why they must buy now.
    _ Include a strong, no-risk guarantee.
    _ Provide easy ordering methods.
     

  21. Sales are preceded by targeting the right market, making them the right offer, at the right time.
     

  22. To catch prospects at the right time, you must develop and test a follow up system to keep your offers at prospects 'top-of-mind' so they're buy from you when they're ready.  
     

  23. Sell a dollar's worth of value for a penny. You must make it believable why you can do so.
     

  24. Generally, people buy from people they know, like and trust.  (excluding most commodities and depending on prospect's economic level)
     

  25. Successful offers:

    _ Make a big promise, or exciting offer
    _ Present a detailed description of your product/service
    _ Have a deadline that gives special price, or bonus for buying now
    _ Again, your deadline MUST have a logical reason and a believable penalty for not buying now.
     

  26. Sales messages should:

    _ Answer all questions: both asked & unasked
    _ Remove all risk from making a decision today (guarantee)
    _ Include believable penalty for not buying today.
    _ Don't assume prospects know what you want them to do
    _ Instead you TELL them what to do next
    _ Have multiple easy ordering options
     

  27. Worth Repeating: "Always make it easy to buy from you." 
     

  28. Advertising/marketing should pay for itself... therefore, track all things. 
     

  29. Continually test, track and evaluate for improved results in your lead generation, your marketing messages and your selling/follow-up processes.
     

  30. ONLY test one variable at a time & compare results with results of previous test. 
     

  31. Develop, test & track follow-up messages for prospects. 
     

  32. Develop, test, & track backend offers for your customers.
     

  33. Grow your business with Joint Ventures. 
     

  34. Joint Venture's should provide benefits for 3 parties:

    _ Product/service owner
    _ Customer/prospect list owner
    _ Customer. (Priority #1.)
     

  35. People like to buy from people, not cold, impersonal companies.
     

  36. Generally people buy from people they know, like & trust. 
     

  37. The only purpose of a business is to provide spectacular customer service.

About The Author:

Edward "Mr Ed" Thorpe: publishes the 'Online Beginners Guide' (OBG) a generic business and life principles ezine. Readers agree 'OBG' is "Honest, funny, sincere and different." Subscribe: Send any email to: mailto:obg@aweber.com Visit: http://www.OnlineBeginnersGuide.Com

Attention Publishers: You have permission to publish the above article in your opt-in ezine or in your ebook. Your 2 requirements are: changes permitted for formatting purposes and the resource box must be included. 

That's it for today...

My very best to you and yours. May you live in peace and may you have the respect of your enemies and the love of your friends. Me, I'm still here and the pleasingly plumb lady ain't sung her closing song, and...It ain't over till its over!  

Talk to you next time.

Until then, may all your failures be lessons learned, and your successes runaway hits!

Peace,

Edward (Mr.. Ed) Thorpe: Publisher/Editor of 'OBG'
"He who helps the most people - Wins!"

 

 
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Disclaimer: The information herein is presented without the assumption of any liability whatsoever by the publishers and the authors for the use of, or inability to use, any or all, of the information within any references, resources, strategies or methods, either implicit or implied, found herein or at any other referenced source.  Any example is for instructional purpose only.  As with any possibility, or any opportunity, there is no guarantee of outcome... i.e. use this information at your own risk. All represented trademarks and service marks are property of their respective owners.

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