|
HOW TO ACHIEVE
SUCCESS WITH YOUR OWN MONEY - MAKING NEWSLETTER Copyright 2004 Hutoxi
Hodiwalla
Writing and publishing a
successful newsletter is perhaps the most competitive of all the different
areas of mail order and direct marketing.
Your first step should be to
subscribe to as many different newsletters and mail order publications as you
can afford. Analyze and study how the others are doing it. Adapt their
success methods to your own newsletter, but determine to recognize where they
are weak, and to make yours better in every way.
Plan your newsletter before
launching it. Know the basic premise for its being, your editorial position,
the layout, art work, type styles, subscription price,
distribution methods, and every other detail necessary to make it
look, sound and feel like the end result you have envisioned.
Lay out your start-up needs;
detail the length of time it's going to take to become established, and what
will be involved in becoming established. Set a date as a mile stone of
accomplishment for each phase of your development: A date for breaking even,
a date for attaining a certain paid subscription figure, and a monetary goal
for each of your first five years in business.
Be sure your newsletter
works with the personality you're trying to build for it. Make sure it
reflects the wants of your subscribers. Include your advertising promise
within the heading, on the title page, and in the same words
your advertising uses. And above all else, don't skim on design or
graphics!
The name of your newsletter
should also help to set it apart from similar news letters, and spell out
its advertising promise. A good name reinforces your advertising. Choose a
name that defines the direction and scope of your newsletter.
Pricing your newsletter
should be consistent with the image you're trying to build. If you're
starting a "Me-too" newsletter, never price it above the competition. In
most instances, the consumer associates higher prices with quality, so if
you give your readers better quality information in an expensive looking
package, don't hesitate to ask for a premium price.
People like to see things
written about themselves. They resort to all kinds of things to get their
names in print, and they pay big money to read what's been written
about them.
Promoting your newsletter,
finding prospective buyers and converting these prospects into loyal
subscribers, will be the most difficult task of your entire
undertaking.
You'll need a sales letter.
Check the sales letter you receive in the mail; analyze how these are written
and pattern yours along the same lines. You'll find all of them - all
those worthy of being called sales letters - following the same formula:
Attention, Interest, Desire, and Action on the part of the reader -
AIDA.
Follow these examples with
endorsements or testimonials from reviewers and satisfied subscribers. Make
the recipient of your sales letter feel that you're offering him the
answer to all his problems on the subject of your newsletter.
Always include a "PS" in
your sales letter. This should quickly restate to the reader that he can
start enjoying the benefits of your newsletter by acting immediately,
and very subtly suggesting that he may not get another chance to get the
kind of "success help" you're offering him with this sales letter.
Next, you'll need a
Subscription Order Acknowledgment card or letter. This is simply a short note
thanking your new subscriber for his order, and promising to keep
him up-to-date with everything relating to the subject of
your newsletter.
Thus far, you've prepared
the layout and copy for your newsletter. Go ahead and have a hundred copies
printed, undated. You've written a sales letter and prepared a return
reply subscription order card or coupon; go ahead and have a hundred of these
printed, also undated, of course. You'll need letterhead mailing envelopes,
and don't forget the return reply envelopes if you choose to use the
coupons instead of the business reply postcard. Go ahead and have a thousand
mailing envelopes printed. You also need subscription order acknowledgment
cards or notes; have a hundred of these printed, and of course,
don't forget the imprinted reply envelopes if you're going along with the
idea of using a note instead of a postcard. This will be a basic supply for
"testing" your materials so far.
Advertising Campaign - Start
by placing a small classified ad in one of your local newspapers. You should
place your ad in a weekend or Sunday paper that will reach as many people
as possible, and of course, do everything you can to keep your costs as low
as possible.
Move slowly, start with a
local, far-reaching and widely read paper, and with the prof its or returns
from that ad, go to the regional magazines, or one of the smaller national
magazines, and continue plowing your returns into more advertising in
different publications. By taking your time, and building your acceptance in
this manner, you won't lose too much if one of your ads should prove to be
a dud.
Classified advertising is
the least expensive way to go, so long as you use the "inquiry method." You
can easily and quickly build your subscriber list with this type
of advertisement.
When you do expand your
efforts into direct mail, go straight to a national list broker. You can find
their names and addresses in the yellow pages section of your local
telephone directory. Show the list broker your product and your mailing
piece, and explain what type people you want to reach, and allow them to help
you.
Once you've decided on a
list to use, go slowly. Start with a sampling of 5,000 names. If the returns
are favorable, go for 10,000 names, and then 15,000 and so on through the
entire list.
Co-op Mailings are generally
piggy-back mailings of your subscription offer along with numerous other
business offers in the same envelope. Smaller mail order entrepreneurs do
this under the name of Big Mail Offers.
Direct mail agencies such as
Publishers Clearing House can be a very lucrative source of new
subscriptions, in that they mail out more than 60 million pieces of mail
each year, all of which are built around an opportunity for the recipient
to win a gigantic cash sweepstakes.
There are also several
agencies that offer Introductory, Sample Copy and Trial Subscription offers,
such as Select Information Exchange and Publisher Exchange. With this kind
of agency, details about your publication are listed along with similar
publications, in full page ads inviting the readers to send $10 or $20 for
trial subscription to those of his choice. The publishers received no money
from these inquiries - only a list of names of people interested in
receiving trial s ubscriptions. How the publisher follows up and is able to
convert these into full term, and paying subscribers is entirely dependent
upon his own efforts.
A new idea beginning to
surface on the cable TV scene is "Products Shows". This is the kind of show
where the originator of the product or his representative appears on TV
and gives a complete sales presentation lasting from five minutes to 15
minutes. Overall, these programs generally run between midnight and 2 AM,
with the whole program a series of sales presentations for
different products. They operate on the basis of the product owner paying
a fee to appear and show his product, and also from an arrangement where the
product owner pays a certain percentage from each sale generated from this
exposure.
Running ads in the Mail
Order Ad Sheets is not very productive, either in terms of inquiries or
sales. About the best thing that can be said of most of these ad
sheets (and there seems to be a million of them with new ones cropping up
faster than you can count them) is that your ad in several of them will let
other people in on what you're doing. You will be able to keep track of a lot
of the people trying to make a place for themselves in the mail order
field.
Last, but not least, is the
enlistment of your own subscribers to send you names of people they think
might be interested in receiving a sample copy of your publication.
By studying and
understanding the information in this report, you should encounter fewer
serious problems in launching your own successful specialized newsletter
that will be the source of ongoing monetary rewards for you. However,
there is an important point to remember about doing business by mail -
particularly within the confines of selling information by mail - that is,
Mail Order is ONLY another way of doing business. You have to learn
all there is to know about this way o f doing business, and then keep on
learning, changing, observing and adapting to stay on top.
About the
Author:
Hutoxi Hodiwalla is an
affiliate with Plug In Profit Site where you can find everything you'll ever
need to start multiple streams of income at: http://www.Hutoxi.com.
|