2007-05-07
Issue #146
In this issue:
The IMC Insider
Helping Real People create wealth and freedom with Internet businesses since 1998
May 07, 2007
Issue #146
Editorial: Using testimonials -- 4 "best practices" to instantly boost your sales
By Derek Gehl

Derek When you're running an online business, unbiased third party recommendations -- aka "testimonials" -- are one of your most potent sales tools.

Here's what you need to know...
  1. If you are going to sell online you must have testimonials.

  2. If you're trying to sell online without much success and you're not using testimonials... get some now and put them up! I guarantee you'll be surprised by the results.

  3. If you're selling successfully -- but not using any testimonials -- if you put some on your site, you will sell MORE.
Seriously, it's that simple. More testimonials = more sales!

However, there is a catch. I'm going to be candid: at least 85% of the websites I visit (and I'm being generous here) completely screw up the way they present their testimonials.

So if you want to start using testimonials effectively, here are the top 4 testimonial "best practices" you need to start using yesterday:

1. Use testimonials that offer real MEASURABLE results

Avoid using "feel good" testimonials. They're the ones from customers who gush about how great you are and how much they love you -- but fail to mention what kinds of results they got from using your product!

Good testimonials describe how your product helped someone...
  • Make or save more money. (If so, how much -- and how long did it take?)

  • Become more successful at something. (If so, how much more successful -- and how long did it take to achieve that success?)

  • Improve their health. (If so, exactly how did their health -- and life -- improve after they used your product?)
Maybe your product doesn't offer tangible results like these. Maybe you sell collectibles, like coins or model trains -- or entertainment items, like CDs or DVDs. In that case, use testimonials that build your credibility as a seller.

They should answer questions like:
  • Was the quality of your product accurately represented on your website?

  • Were you responsive to your customer's needs?

  • Was shipping and packaging good?

  • How did their shopping experience at your site compare to the competitors?
.... You can see what I am getting at here. Your customers don't want to hear how nice you are. (I mean, I know lots of nice people I'd never buy from -- because I don't think their products offer any real value.)

Your customers want to know if your company keeps its promises and offers products that deliver results. Use testimonials that clearly show those results -- in as specific a way as possible -- and your customers will show YOU sales.

2. Keep your testimonials SHORT and POWERFUL

If your testimonials are longer than 4-5 lines, most potential customers will just skim them or skip right over them. Keep them short and get to what matters... Results!

3. Include as much PERSONAL information as possible

The majority of online testimonials I've seen include just the first initial and last name of the happy customer. That's not enough information -- it doesn't fully establish the testimonial giver's credibility. You want to present as much information as possible, including:
  • First name
  • Last name
  • City, State/Province
  • URL if they have a web site
  • Brief demographic or professional description:
    • Stay-at-home mom
    • Retired
    • Teacher
    • Doctor
    • Student
    • Etc.
... As well as any other relevant information your customers will allow you to publish on your site.

4. Use the most EFFECTIVE formats

Here are the different formats you can use on your web site to present your testimonials (from most effective to least effective):
  1. Video testimonials

  2. Audio testimonial with photo of customer.

  3. Written testimonial with photo of customer.

  4. Written testimonial
With technology today, anyone can sit down with a basic digital camera and give you a powerful video testimonial to use on your web site. If you limit yourself to written testimonials, then you're limiting your results.

And remember... don't be shy! Ask your customers for testimonials. You'll be surprised how easy it is to convince a happy customer to record an audio or video testimonial for you.

In fact, many will volunteer on their own -- but chances are you'll get more quality testimonials sooner if you simply ask for them.

**Shameless plug** If YOU'RE a customer who has experienced success with one of my products or strategies, I'd love to hear from you! What product was it? What kind of results did you get? Send an email to questionsforderek@marketingtips.com and tell me about it.

If your testimonial shows great results, then chances are I'll feature it on my web site soon. (Which means your website URL could be seen by an extra 2,300+ people a day!)

To see how we use testimonials on our web site go to: www.marketingtips.com/tipsltr.html

You'll see lots of examples applying the 4 "best practices" outlined above. Don't try and reinvent the wheel... just copy what works.
Do you have a question for me?

Drop me a line at questionsforderek@marketingtips.com -- and you might see your question answered in an upcoming issue of The IMC Insider!
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The 2 tools that guarantee eBay success
By Jim Kobialko

The first thing people ask me when they discover I'm a professional eBay mentor is, "Can you really make a living selling on eBay?"

The answer to that is a definite YES!

In fact, thanks to the great research tools available, you can discover exactly what products are hot-sellers on eBay -- and find cheap sources of those products -- so you can set up your own profitable eBay business in less than a week!

Here's how to do it:

Step #1: Brainstorm possible research topics

Brainstorm a list of your skills and interests. What topics are you most interested in? What skills have you picked up on the job or in your personal life? Any one of these could be the basis of a highly profitable eBay business.

Step #2: Choose a topic to explore further

Narrow your list down to your top 5 choices. Now pick one to research further. It should be something you could see yourself basing a business on. For example, maybe you're a high school basketball coach, or a huge NBA fan. One of the topics you'd probably want to explore further is basketball.

Step #3: Use Terapeak to discover what people are buying on eBay

Terapeak is hands-down my favorite research tool. It costs only $16.95 a month to use and shows you exactly what products people are buying on eBay. It shows you the exact search terms people are using to look for products on eBay.... how much the products are selling for... and who the competition is.

In short, it tells you absolutely everything you need to know to determine what products to sell -- and how much to sell them for -- in order to make a profit on eBay.

Let's go back to the basketball example. Terapeak can tell you exactly how many people are buying basketball-related items on eBay. Then you could drill down deeper to discover exactly what those basketball-related items are.

Plus, it'll tell you the exact keyword terms people are using when they search for those items on eBay!

You could even discover what percentage of items actually got sold -- so you'd know how successful your listings are likely to be, before you even post them.

Say you discovered that Nike "Air Force S.T.A.T." basketball shoes were selling on eBay for an average price of $79.99 -- and that 60% of all listings for those shoes received bids. That means for every 10 listings you post, you'll successfully sell six pairs of shoes.

Step #4: Calculate your profit margin

As you probably know, eBay charges you money for every listing you post. How much you pay depends on how much your starting price is, how much the final sale price is, and how fancy your listing is. (For example, how many pictures you include.)

You need to figure out these costs, so you know exactly how much of your profits will end up in eBay's pocket. Once you know that, you'll know how much you have to charge in order to make more money than you spend.

Step #5: Find a reliable drop-shipper

Drop shipping is an arrangement in which a manufacturer or distributor ships products to your customers on your behalf. You do all the selling and the drop shipper is responsible for product development and order fulfillment.

Drop shipping is a great way to start making money FAST on eBay because it allows you to auction new products almost instantly. You don't have to build up your own inventory. And you don't have to worry about leftover stock.

All you have to do is use Terapeak to figure out what you want to sell -- then find a drop shipper who supplies that product, sign up for their program, and you're in business.

The downside to drop shipping is, you won't make as much money as you would if you were selling your own products.

Also -- due to the growing popularity of drop shipping, there are a lot of scammers out there selling fake lists of drop shippers for hundreds of dollars online. There are also middlemen posing as drop shippers who'll charge you much more for merchandise than you should be paying.

Don't let these scammers scare you away. Just be aware they exist and always look twice at any company before agreeing to enter into a business arrangement with them.

Here are two drop shipping resources that offer reliable information and have a good reputation:
  • Worldwide Brands offers a directory of legitimate drop shippers with excellent reputations. Worldwide Brands is also the ONLY directory publisher of drop ship and wholesale product sourcing information on the Internet that is certified by eBay.

  • Doba allows you to source products that you can drop ship to your buyers. You can browse product categories or search for specific keywords, and then buy the ones you want to sell, or use the "Push to Marketplace" feature to list them on eBay immediately.
Step #6: Write your own listings -- and make sure they stand out from the crowd!

Here's a trick that'll have you making more money than your competitors who also sell drop ship products: WRITE YOUR OWN LISTINGS!

The vast majority of people who sell products through drop shipping use the product listings they're given by the drop shipper. That means shoppers see the exact same salescopy for every product they click on!

Make sure YOUR listing stands out from the crowd by writing it yourself -- and including the keywords you found during your Terapeak research. These are the exact words and phrases people are using when searching for products on eBay. Place them prominently throughout your copy -- and you'll have a listing that catches people's attention because it speaks directly to their needs.

Step #7: Start selling!

That's it! As you can see, by using a research tool like Terapeak and a product sourcing tool like Doba or Worldwide Brands, you can set up a profitable eBay business in well under a week. Best of all, you can guarantee it's successful before you even set up your first auction.

Happy eBay selling!

[Ed. note: Jim Kobialko is head of IMC’s expert team of eBay mentors. To learn more about how you can set up your own highly profitable eBay business, click here: www.auctiontips.com/course].
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Case study: A "search engine marketing" success story
By Nicole Ephgrave

Debra LaPorte was a stay-at-home mom who didn't like the idea of going back to work at a nine-to-five job. So she didn't!

Instead, she started YourSafeChild.com, an online business selling child safety and identification kits -- and her business brought in over $500,000 last year alone.

We recently interviewed Debra for our private "Secrets to their Success" website. And she told us that she owes much of her success to search engines like Google and Yahoo. Her only form of paid advertising are the "pay-per-click" campaigns she runs through Google AdWords and Yahoo Search Marketing.

She's also a self-taught "SEO" expert and has scored herself a top position in the free search engine listings, as well. (And THAT'S traffic gold!)

The results of her efforts speak for themselves: YourSafeChild.com gets around 3,500 unique visitors per month and some of those visitors, like Brinks Security and Subway Restaurants, turned into HUGE sales!

Pay-per-click marketing is Debra's primary Internet marketing strategy.

When you're working on a PPC campaign, you need to create a budget and track your ad costs -- it's extremely easy to overspend!

But that doesn't mean you shouldn't bid on more expensive keywords. Once you've calculated how much a visitor is worth to you, just keep your keyword bids under this amount and you'll stay in the black.

Here's what Debra says...:

I'm spending about the same amount a month for Yahoo and Google, with nearly equal results. With Yahoo, my major listings are at least $1 per click, sometimes $2 (I long for the days when I only spent about $.10 per listing!) And it seems to be about the same for Google.

Any good pay-per-click strategy doesn't just rely on one or two keywords. You need a long list -- and that's where the Debra's favorite, Keyword Selector Tool, and Wordtracker come in handy.

They'll help you develop a list of "long-tail" keywords that by themselves, don't amount to much, but taken together, can bring you lots of targeted traffic.

Here's how Debra uses her keywords...

Search engines are our only advertising, so we take great care to stay in first or second place for each of our pay-per-click keywords (we have about 130 on Yahoo alone!)

On Google's non-paid listings we're usually in the first five listings for our top converting keywords, such as "child ID kit." On Yahoo and other engines like MSN, our listings are usually in the first two pages. I am working on improving this.

In 2000, when we were only using GoTo (now Yahoo Search Marketing), I made a list of keywords, which not only included the product names and categories, like "Child ID," and "Toothprints," but also variations such as "Protect Child, "Safety Tips," and "School Safety."

The Keyword Selector Tool was extremely instrumental in choosing our keywords. I had no idea there were so many ways to say "ID Card"!

The keywords that have been most effective for us have been related to identification product categories (Child ID, child ID kit, kid identification, etc.), more so than the actual names of the products.

It takes a while to see which keywords perform best -- it's kind of like a science. But over time, it becomes apparent that you may be wasting money on keywords that don't generate results.

Even better, the act of hunting down those keywords can open your eyes to new marketing strategies you never considered.

During her keyword research, Debra discovered that there were a lot of companies and corporations looking for ways to raise their brand profile or raise money for charity. That gave her a great idea for a new service. She offered to print company logos on kits and found a whole new market!

She says...

Our list has also expanded to include "Logo Imprinted Product," and "Fundraising for Organizations," which targets our promotional and fundraising customers.

In terms of organic SEO, Debra rolled up her sleeves and became her own SEO expert...

After looking up site optimization on the Web, I recently began working on refining the keywords in our meta tags and our site description. I've also been adding keyword-rich descriptions to the ALT tags. I read that Google is now using ALT tags as one of their criteria for placement.

I truly believe that if you want to save money on hiring a professional, you can search the Web for information about any subject area and learn how to do it yourself. I have no experience with SEO, but I am willing to learn, and so far, it's working.


Working? You bet!

Last year's revenues of $500,000 were up more than 43% over 2005, and Debra's aiming for $1,000,000 in sales this year. She's a great example of someone who understands the importance of strategic search engine marketing -- and the role it plays in the success of an online business.

[Ed note: You can read more of Nicole's search marketing tips on her blog or meet up with her in our exclusive "members-only" Search Marketing Lab forum -- it's her favorite online hangout.]
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New feature: Internet marketing term of the week!
By Derek Gehl

A lot of people have been asking me recently to provide definitions for some of the terms we commonly use in our articles.

That's a great idea! After all, I want to be sure you get the most out of the information we provide you each week. That's why I've decided to include a new feature in our newsletter: the Internet marketing term of the week.

This week's term is "forum thread"...

As you may know, a discussion forum is a website where people gather to discuss a particular topic — an interest or hobby, perhaps, or something related to a specific industry. Forums can be free for anyone to join, or they can be members-only subscription sites.

A forum thread is a set of messages that have been grouped together according to topic, and ordered in terms of when they were posted.

All forum members are able to start new topic threads or post their comments on a pre-existing one.

For example, if I went to an Internet marketing forum to get some feedback on a new tool I'd heard about, I would start a new thread asking people what they knew about the tool. Anyone could then add their comments to the thread I started.

To see an example of a forum thread, click here to see the weekly "featured thread" at our private members' forum, the Internet Entrepreneur Club:

InternetEntrepreneurClub/featuredthread

(Just be aware that you're starting at the bottom of the thread. In order to see how the conversation progresses, you'll want to scroll UP.)
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