After you read this article you will clearly
understand what is surely the most important secret to
building your fortune in mail order. So please take 10
minutes to avoid further loss of your time and money.
First, let's address the most frequent mistake that
mail order beginners make: failing to learn how the
mathematics of mail order work. I'll make it very
simple. consider all the expenses involved in selling
your product: typesetting and printing your
advertisement; buying (renting) the mailing list; and
finally, postage. This to name only the three main
expenses.
Now, if you honestly think you're going to get rich
by selling a $10 or $20 product to a few names, you
are in the wrong path. You certainly could get rich
selling a single product. It has happened countless
times. But most probably you won't. Or let's put it
this way: your success would take several years.
Anyway, that is not the way mail order works.
The only way you can and will accelerate your
growth and soon make huge amounts of money is if you
sell a RELATED LINE OF PRODUCTS. Do not hesitate one
moment: the people who are making it really big in
mail order are the ones that understand and apply this
concept. The principle that lies behind this is that
finding a customer is very expensive.
You sold something for $10 or $20 and then what? Do
you forget about your new customer? No!! The true way
to make money is, once you made the sale, to supply
that customer with additional related products.
There is no reason why you shouldn't do this. Sure,
it's extra work. It would be easier to make a sale,
take the money and run. But that's just too good to be
true. Many folks still think that there are ways to
make money the easy way, with no work at all, making a
million in one week and then spending the rest of
their lives in the Caribbean.
Once you get a customer, it is so easy to get extra
earnings from further sales that it's foolish not to
offer him more products. You'd be letting go of the
real bulk of your profit.
I stress the fact that they must be related
products. Here's why: If someone buys a book from you
on "secret inexpensive advertising methods", it
wouldn't be wise to then send him/her an advertisement
on "computer software". That person is now more likely
to be interested in buying a report on "the biggest
mistakes to avoid" or he might be now looking for
renting a name list to mail out his recently published
booklet. Get the picture? This is the idea (which you
might have heard of before) of a "Product Line". You
don't need to offer expensive items and expensive
sales brochures to follow this procedure successfully.
Prepare an informative set of circulars of reports, or
books, on a certain general subject like, for example,
the ever popular "making money in mail order", which
is a safe subject to get into (most people are
interested in making money from their homes).
Mail order is a hot business, not only for big
companies but also for the little guy who starts from
his kitchen table. But the only way the small mail
order operator can find his way to big earnings is to
specialize in a certain area. Your sales literature
should offer products from a certain category, and
mailed to a specifically targeted group of people.
Therefore, you are minimizing expenses and increasing
the probabilities of making more sales per piece
mailed.
Think about this: If you mail 1000 envelopes to a
list of names you just rented, it costs you exactly
the same money, if you send out a circular offering a
book than if you send along 4-5 circulars offering
related reports, or books, etc. OK, you spent some
extra bucks on printing those other circulars, but you
spent the same money on postage and on the names
lists. But if your potential customer is not
interested in that single item you offered, you just
threw away all that money. However, if you mailed out
4, 5 or 10 different offers you have a much better
chance of pulling one... or more orders.
In conclusion: the odds of making money are against
you. They will be in your favor only when you have
more than one product to offer, or better yet, 4, 5 or
more. Specialize in one particular field. Target to
that specific market through specialized publications
or mailing lists. Conduct a decent business in order
to keep people satisfied and having to buy more
products from you. If you put all this small extra
effort you will be highly rewarded with a profitable
share of this huge mail order market.
Copyright 2004 by DeAnna Spencer
DeAnna is the publisher of the ezine, Prospecting and
Presents.
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