Marketing Maestro: March 2008

Exclusive Interview with Rohit Bhargava on Personality Not Included

A couple of weeks ago I was researching marketing blogs (more on that in another post) when I was directed to Rohit Bhargava’s Influential Marketing blog. I guess timing is everything since one of the first posts that caught my attention was about his new book Personality Not Included. He is forgoing traditional marketing to promote his book and instead issued a challenge to his readers which I accepted. He was looking for 50 bloggers to interview him via email and to post the interviews on their blogs. His marketing plan comes down to 50 blogs with 5 questions each to help spread the word about his book.

With the ‘pressure’ of his marketing plan’s success partially relying on my questions here is my interview with Rohit. I figured I would add a sixth question to my interview to give him a little extra help...

Josef: Your marketing this book using new media what goals have you set for book sales and how are you going to measure your marketing effort's success?

Rohit: The ultimate goal is to sell out all of my first editions so the publisher has to go back to print a second edition!  The first edition run was about 19,000 and more than half have already been pre-sold to bookstores and online retailers so progress is great.  I am very happy about where sales are and international distribution (including several translated versions that have just been approved and should be out later this year)
 

Josef: You have some great reviews from well known business people and authors.  How did you manage to grab their attention to help you out?

Rohit: The interesting thing about doing research and getting authors and business people to help out is that they are all so accessible now with emails and commenting on their blogs.  It's a brilliant use of time now, because you can be so much more effective with who you reach out to.  Thankfully, I also had a unique idea for a book which several of the reviewers were quite intrigued by.


Josef: At Trump University we work with entrepreneurs and small business owners; how do you see this book helping smaller business grow and market themselves?

Rohit: I think this book fits perfectly into that role - what do I have to do to get it included in the syllabus for a marketing class? ;-)  Actually, small business was a key audience that the book was written for, because part of the concept is finding ways to stand out ahead of a competitor, even if they may be far bigger.
 

Josef: You refer to a "marketing backstory" which sounds intriguing.  Can you elaborate on what this means and how a company develops their story?

Rohit: Yes, the marketing backstory is essentially the foundation of the story that you tell about your brand.  In the book, I outline five key models for types of stories you can use, and then how they can be put into action to tell the story of your own brand.

 
Josef: What advice do you have for companies that feel their 'target demographic' does not use social media?

Rohit: My first advice is to broaden your definition of social media.  You may not think they read blogs, and you may be right, but do they read Amazon reviews?  What about use Google?  Of course they do ... and chances are they have come upon a form of social media and didn't even realize it.  Of course, just launching a blog without a strategy would be equally foolish.  The point with social media has to be to understand what your customers are really doing and then find the right way to use it.

Josef: So are all of us your contributing interviewers considered "accidental spokespeople"?

Rohit: I would love to say yes, however all of you haven't read the book yet, so I cannot really expect you to be spokespeople until then.  After you do, I'll be taking applications! ;-)

OK so that is my interview with Rohit and I hope to continue our dialogue in the future. If you think I did a good job please visit the Influential Marketing blog on Monday and vote for my interview.

If you are interested in learning more download the book’s intro.

Marketing Study The Age of Conversation Bum Rush

This post is not about real estate marketing but a social media marketing effort that is going on across the web right now.
 
In the last week I have found two book marketing efforts that both offer unique approaches to marketing.  Today is the book launch for The Age of Conversation.
 
What makes this marketing effort so interesting is that the whole marketing plan revolves around social media. The authors named their effort 'The Age of Conversation Bum Rush'.  The goal is to get people blogging, podcasting, twittering, digging, social book marking and emailing friends etc to help get the word out.  Ultimately if this is successful people all across the web will learn about and buy the book.  What makes this even more interesting (and presumably attractive for people to get involved with) is that not one individual stands to profit from the efforts.  All the money from the book sales goes to charity. 

So, if you want to have some fun and learn more about social media's effectiveness below is a list of activities from the Age of Conversation Bum Rush blog of ways you can help the Bum Rush.  If you are interested in marketing then you might want to buy the book.  I joined the Bum Rush to see how effective social media can be in promoting the book.  I hope to learn a thing or two that will help Trump U. utilize social media more effectively and of course I get to help a good cause while having some fun.

What You Can Do Right Now

· Buy the Book & send others to buy the book. This is the number 1 call to action, because this is where we want to see the most impact. NOTE: Please buy 1 copy at a time because Amazon counts bulk orders once, and please use this affiliate link, which will help us in tracking sales. Remember, all the proceeds from the book sales and referrals will go to charity.  http://www.amazon.com/gp/product/1847992994?ie=UTF8&tag= drewmclellan-20&linkCode=as2&camp=1789&creative=9325& creativeASIN=1847992994

· Blog About It - Make sure you have a prominent link to the Amazon listing so that readers can easily purchase the book. (Remember to use the affiliate link above. All of these earnings will go to charity as well.)

· Twitter Commentary - Join Drew and I as we give a Bum Rush play-by-play on Twitter. (Follow us: @Freshpeel, @DrewMcLellan, @Servantofchaos) We also ask that everyone saying anything about the Bum Rush to use the code #AOC so that it can be picked up by Twemes.com

· Trackback or Comment on the post that I will leave here on March 29th at 12am CST, so that everyone can follow the conversation and help promote exposure on social sites (Digg, StumbleUpon, Del.icio.us, etc.) 

· Digg the posts listed here & send emails and shouts to friends requesting Diggs.

· Stumble the posts listed & tell friends to do the same. 

· Bookmark your posts on Del.icio.us

· Add your post to other social media outlets ( Technorati, Ma.gnolia, Furl, BlinkList, Newsvine, Facebook, etc.)

· Send an Old Fashioned email to your friends about the Bum Rush for AoC.

· Keep talking - Get on ooVoo, iChat, Aim, or where ever you like to talk, and start talking.

 

Are you going to get involved? 

Don't forget to check back next week to find out about the second book's marketing approach.

Top 50 Blogs for Startups To Watch In 2008

I was directed to this list of the Top 50 Blogs for Startups To Watch In 2008 and thought the AR community might find some of the blogs listed interesting.

There are some good blogs listed in the top 50 and in particular in the real estate section (OK one is the Trump Blog) but there are others I hope you find valuable as a business owner. I already reached out to Evan Carmichael to point him in the direction of Active Rain since there are some great resources right here.

If you point out AR blogs in the comments that you think are the good Evan will find them.

Thanks

 

 

now that is a great offer

As a marketer I am always in awe of a great offer. An offer can dramatically improve the results of your marketing effort. The best part of including an incentive of some sort is that you will get responses from people who don't even want (or remember) to take you up on the offer.  The fact you included the offer is enough for many people to pick up the phone or visit your site to get more info or to buy.

Take Stephen Kimball's website as an example.  Stephen has a great offer on his site (he actually calls it amazing).  In this case you can get a free trip to Utah to spend the day with Stephen (if you take him up on his offer - read the details since the offer is more then just a day with Stephen).  

Here are some examples of additional offers I have used in my career:

  • Free upgrade in services
  • Bonus materials included with purchase
  • Additional material with purchase (bundled products)
  • Save X%
  • Rebate when you buy before X date
  • Buy one and get a second at X% off (or free)
  • Free consultations

I realize all these offers may not work in selling real estate but what can you do to get people to call you and not your competition?

Successful direct response marketing includes an offer of some sort to help push the reader/watcher/listener along to take action.  As long as you read your marketing results and you are making money why not include an offer?  After all who doesn't like a little something extra with their purchase?

 

So you think you can sell

Selling in person is different from selling with the written word.  About a month ago I read a post on the Future Now blog entitled 1,000 Tips for Selling Online Without Paying a Copywriter. The guts of this post is that you need to hire a good copywriter if you want to sell.

If you expect to market your products or services make sure the words you use sell. I know, you can write well, you know your product or service better then a hired gun but don't skimp on a persuasive direct response writer when it comes to your marketing materials. 

Remember, you want your copy to grab the reader's attention and walk them to a point of conversion.  A good copywriter knows what makes people take action.  When people write their own sales literature they often try to communicate everything about a product since it matters to them; but usually forget about what matter to the reader and why the reader should take action.  Have you seen sales copy without 'call to action' triggers?  I know I have.

Do yourself a favor and find a great copywriter who understands direct response marketing and let them take a stab at some of your writing needs.  If they are good you won't be disappointed.

If you need some recommendations let me know and I will share some of my resources.

 

Foreign real estate investment in the U.S.

Last week on the Trump Blog Brett Carman wrote about foreign real estate investment in the U.S.  You can read the full post at

He receives calls from both domestic and foreign real estate investors wanting help with the purchase of income producing properties. The foreign investors seem to be more willing and able to put larger down payments thus borrowing less and insuring the positive cash flows required to sustain them.

Conversely, many domestic “investors” seeking maximum financing and being comfortable with simply “breaking even” when it comes to cash-flow. If you are not making money and in fact, losing money by the time the incidentals are factored in, then you are simply wasting your time. You are not treating your investing endeavor as a business, but more like a hobby.

Many foreign investors and investment companies are seeking opportunities to pick up some bargains in real estate. They are flush with cash and are finding no shortage of deals to be had in many areas of our country. They are buying distressed and cash flowing properties from coast-to-coast with little worry about where our present day economic cycle resides.   They know how capitalism works and that “buy low, sell high,” is a proven recipe for success. 

My question to the AR communitee is - are you seeing a lot of foreign investing in your local markets?