138. HOW TO SELL REPORTS LIKE THE ONE YOU’RE READING NOW
HOW TO SELL REPORTS LIKE THE ONE YOU’RE READING NOW
Okay. You just purchased a set of reports with reprint rights. First of all, determine the “age” of these reports. This information will be your key in selling them profitably. How do you find out how old they are? Normally you can judge them by their appearance. Compare it to another package you recently purchased. Do yours appear to be printed crooked, hard to read and contain worthless information? Chances are — they are old and everybody, their sister and mother has seen them who have been in business longer than 6 months. You won’t be able to sell them to most people.
On the other hand, reports that are new and updated for will sell well to almost anyone looking for a new business opportunity. Be sure and stress this fact in your advertising so people don’t get them mixed up with the old stuff.
Make Up Your Sales Circular
If you can’t afford to send $35 to a mail order typesetter at the moment to create you a dynamic advertising circular, simply type a list of the reports you are selling (by title) on a sheet of 8.5″x11″ white typing paper. Each listing should look something like this:
How to Make Money (2pgs) . . . . . . . . . . . . . $1 How to Win At the Lottery (4pgs) . . . . . . . . . $2 How to Sell These Reports (1pg) . . . . . . . . . 50c
At the bottom of your list, ask the customers to order by saying something like: “Circle the title(s) of the reports you would like to purchase above and enclose with proper payment to: Your name and address.” You also could offer them a special bonus of 5 reports for $4 or 10 reports for $7. (Remember, they only cost you a few pennies to copy.)
Now, place classified ads in mail order publications under the heading of “money-making opportunities” that advertise the fact you have reports to sell. Your ad could be worded something similar to this: “Brand new Victoria’s Reports you can sell to make big money. Reprint rights included. Send $1 to: Your name and address.”
When people respond to your ad they will send you $1 (or you could ask for a LSASE [large, self-addressed stamped envelope] instead).
Place a copy of your typed list of report titles with a note or letter in the envelope and mail back to the person. Your note or letter should read something like: “Thanks for answering our ad. Enclosed is a list of the reports we sell which are making money for us. We hope you find several titles that interest you and we look forward to receiving your order. Please let us know if you are looking for a title not listed and we’ll try and locate it for you. Thanks for your business.”
Including a cover letter or note like this will increase your chances of getting an order from this person by 100%. Why? Because by the time someone orders more information from a classified ad they saw until the time they receive the information from you — they normally forget “what” they ordered. Naturally, they will have answered many different ads and won’t remember the ad they saw with your name on it by the time your package arrives. When you remind them of why they originally answered your ad in the first place, they will identify with the incident and re-generate the enthusiasm they originally felt. Then — they’ll probably order one or more reports.
Every person that orders from you should be placed in the database program of your computer or on a 3×5 card (if you are using the old method of record keeping.) Be sure to record the person’s name, complete address, telephone number (if possible), the date they ordered, what titles they ordered and the amount of money they sent you.
Be sure to indicate in your records if this person just inquired from one of your ads or if they really ordered a specific report title. If they ordered a specific report — you can determine the type of subjects this person is interested in and sell them other products and services in the future in their field of interest.
Regardless of whether you make a sale or not, just generating the original inquiry is worth its weight in gold. Keep accurate records of the names and addresses and when you have 100 or more, you can sell your mailing list and generate another income. This is one reason advertising pays you. Never stop advertising so that you never stop generating new inquiries to your offers.
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