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	<title>The Lockwood Letter</title>
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	<link>http://lockwoodletter.com</link>
	<description>Internet marketing and other thoughts from the mind of Chris Lockwood</description>
	<lastBuildDate>Mon, 26 Sep 2011 13:18:28 +0000</lastBuildDate>
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		<title>A Bonus I Would Avoid</title>
		<link>http://lockwoodletter.com/a-bonus-i-would-avoid/</link>
		<comments>http://lockwoodletter.com/a-bonus-i-would-avoid/#comments</comments>
		<pubDate>Mon, 26 Sep 2011 13:18:28 +0000</pubDate>
		<dc:creator>Chris</dc:creator>
				<category><![CDATA[List Building]]></category>

		<guid isPermaLink="false">http://lockwoodletter.com/?p=21</guid>
		<description><![CDATA[There’s a bonus I’ve seen some people offering that I wanted to warn you about. Some people are offering “your own opt-in list of 100,000″ or some other large number. People keep telling you the money is in the list, so these offers might look tempting. No doubt you’ve heard of people who have a [...]]]></description>
			<content:encoded><![CDATA[<p></p><div>
<p>There’s a bonus I’ve seen some people offering that I wanted to warn you about.</p>
<p>Some people are offering “your own opt-in list of 100,000″ or some other large number.</p>
<p>People keep telling you the money is in the list, so these offers might look tempting. No doubt you’ve heard of people who have a list of 100,000 or more who make a fortune from it and might think this offer is a way to get yourself to that level.</p>
<p>Sometimes in business it makes sense to buy things rather than doing them yourselves- for example, you can pay people to get links to your site, to write articles for you, and so on, trading your money to save time, both personal work hours and calendar time.</p>
<p>A list like this might look to some like this type of opportunity, so I am writing this to correct that impression.</p>
<p>There are many reasons I would steer clear of these lists.</p>
<p>First, they aren’t your list. You’ll see in the fine print that they are being given to several people.</p>
<p>These subscribers did not sign up for your list and probably have never heard of you, your website, or your product. So what do you think will happen if you start emailing them?</p>
<p>Many people will assume your messages are spam or at least resent getting them since they never signed up to get email from you.</p>
<p>A list like this might technically be opt-in since the people did subscribe to something. However they never opted in to YOUR list, and that is the key problem, ethically, legally, and in terms of effectiveness.</p>
<p>Such a list of 100,000 is nowhere near the same thing as a list of 100,000 you built yourself the right way (by getting people to fill out a form to get info on a specific subject from you). In fact, I’d rather have a list of 500 people built the right way than one of these lists of 100,000.</p>
<p>These lists are NOT the same ones the guru offering them to you sends his messages to- they would never give up their good list.</p>
<p>Also consider that you are being offered the list for a cheap price, usually as a bonus to some product that costs a few hundred dollars.</p>
<p>If the list is any good, why is it being offered for so little? Why doesn’t the person just keep it and mail to it himself?</p>
<p>The answer to both is that the list is not worth much.</p>
<p>If you get a list like this, one of the first things you’ll learn is that most autoresponder companies (like <strong><a href="http://lockwoodletter.com/r/aweber.php" target="_blank">aweber</a></strong>) won’t let you use it with their service. Some will, but you will have to import it very slowly, so it will take a long time to get the whole list into the system. The longer you wait to contact people, the less effective the list will be.</p>
<p>You may decide to go the route of using an autoresponder script on your server to get around this. If you don’t already have a script, there’s another expense to be able to use your new list.</p>
<p>Then if you have shared hosting (what most people have), you may find your account shut down once the spam complaints start flowing in. Plus the odds are high your IP address will quickly get blacklisted and a big percentage of your messages will never get delivered.</p>
<p>One of the great things about a service like <strong><a href="http://lockwoodletter.com/r/aweber.php" target="_blank">aweber</a></strong> is that since the emails get sent from their servers, the spam complaints go to them, not your hosting company. And no matter how you build your list, you will get some spam complaints – some email providers make it too easy to make complaints by pressing one button (easy to do by mistake). Plus some people are just idiots and sign up for your list, then make a spam complaint anyway instead of just unsubscribing.</p>
<p>Once you go with an autoresponder script on your server, you might decide to go with a dedicated server, which gives you more control and protects you from someone else’s activities getting your emails blacklisted.</p>
<p>Have you priced dedicated servers lately? They can run a few hundred dollars a month, and if you don’t already have one it would be a big waste to get one just so you can use your new list of 100,000. You’d be lucky to make enough to pay for the server.</p>
<p>By now you may be wondering how these lists are created. Usually there is a website with a signup form with a fairly generic offer on it, such as “Please send me info on work at home opportunities.” Then lots of traffic is sent to that page and eventually lots of people sign up. The offer is intentionally broad and vague so it will cover lots of different areas, so later it can be claimed that people opted in for the messages.</p>
<p>Sure, technically they did opt in, but most people who fill out the form probably expect to hear from one company, not to have their info passed around to a bunch of others who will send them email. What privacy policy was stated? You don’t know.</p>
<p>Think about it- terms like “work at home” or “business opportunity” could cover anything from babysitting to stuffing envelopes to ebay or any of 1000 other things. That means the list is highly untargeted from the beginning. When you add in the fact that the people don’t know you and don’t recall asking for info from you, the list is about as effective as going door to door to sell stuff.</p>
<p>What if your niche is something like pets, travel, or health? Then the list of “opportunity seekers” or “home business” people is even less targeted.</p>
<p>Let me give you an example of something I tried long ago that illustrates just how useless these lists are. I found a service that offered to send me subscribers cheap- something like 500 subscribers for under $50. And I got to provide the name and description of my list, which people would see on the page where they could subscribe. So these would be only people who saw my description and checked a box indicating they wanted to be on my list.</p>
<p>These subscribers were delivered right to my autoresponder. Out of 500, how many do you think confirmed their address? I think it was literally 2 or 3 people. That’s not even 1%, and remember they had seen the exact description of my list.</p>
<p>So just imagine how much worse the numbers would be if they hadn’t seen my description, just a generic one.</p>
<p>I was able to see the unconfirmed names and addresses, and many of them were obviously fake – many obscene and unprintable. You have to wonder why, since these people were not offered any gifts or incentives to sign up.</p>
<p>The service DID send me 500, but as I said the number who actually confirmed was so low that it wasn’t worth the time it took me to sign up for the service, let alone the money I spent.</p>
<p>Again I would avoid any lists someone offers to sell you cheap, since they are so ineffective, and I would also think twice about buying anything from someone who is providing these lists.</p>
<p>I think they are taking advantage of people’s desire to have a big list fast and lack of knowledge about what the list actually is, just to sell more copies of their main product.</p>
<p>And I think intentionally selling something (even as a bonus) to people when you know it is practically useless to them is a crock.</p>
</div>
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		<title>The Myth of 100% Profits</title>
		<link>http://lockwoodletter.com/the-myth-of-100-profits/</link>
		<comments>http://lockwoodletter.com/the-myth-of-100-profits/#comments</comments>
		<pubDate>Tue, 20 Sep 2011 13:45:59 +0000</pubDate>
		<dc:creator>Chris</dc:creator>
				<category><![CDATA[Internet Marketing]]></category>

		<guid isPermaLink="false">http://lockwoodletter.com/?p=6</guid>
		<description><![CDATA[There&#8217;s a common belief online that selling downloadable products means that your profit margins are 100%. Today I will debunk that myth. I&#8217;m sure this idea comes from the fact that there is no inventory to buy or make, no storage space needed, no packing materials or shipping costs involved, and so on. But let&#8217;s [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>There&#8217;s a common belief online that selling downloadable products means that your profit margins are 100%. Today I will debunk that myth.</p>
<p>I&#8217;m sure this idea comes from the fact that there is no inventory to buy or make, no storage space needed, no packing materials or shipping costs involved, and so on.</p>
<p>But let&#8217;s look at the other costs involved.</p>
<p>Unless all your customers are sending you checks or cash in the mail, you&#8217;ll have to use a payment processor to take credit card orders, and they will charge a fee.</p>
<p>If you have affiliates or JV partners, about half your retail price is gone right there. (And if you don&#8217;t, you are probably missing a lot of sales you could be making.)</p>
<p>So you make all your sales on your own? Are you paying for advertising, such as PPC or ezine ads?</p>
<p>Oh, you&#8217;re just relying on free search engine traffic? Did you spend any money to achieve that- maybe by buying links, hiring a freelancer to run a linking campaign or write articles for you, using an SEO company (*cough*), or maybe paying someone $800 a month to teach you?</p>
<p>If not, then you probably put a lot of time into getting and maintaining high enough rankings to get that free traffic.</p>
<p>Maybe you are just marketing to your own lists… if so, you are missing a lot of potential customers. And didn&#8217;t you invest some money and/or time into building those lists?</p>
<p>If you&#8217;re making 100% profits I assume you are using free hosting, free autoresponders, and so on. You&#8217;re either doing all the work yourself or found someone who will work for free, and apparently you (or they) don&#8217;t assign any monetary value to time.</p>
<p>You&#8217;re probably also running an illegal business if you aren&#8217;t spending any money on licenses or taxes.</p>
<p>Let&#8217;s look at an example with real (rounded) numbers. A $40 ebook is sold. The payment processor, such as Clickbank, PayPal, 2checkout, or your merchant account, takes $2-4 of that.</p>
<p>Oops, did I call 2checkout a payment processor? How silly of me! It is actually &#8220;an authorized retailer of goods and services provided by a vendor&#8221;. Even though the only reason you as a marketer would use its services is to process your payments.</p>
<p>And Tony Soprano is in the waste management business.</p>
<p>If an affiliate was involved, there&#8217;s another $15-20.</p>
<p>Now we&#8217;re down to $16-23 on a $40 sale, without considering any overhead or product development costs or taxes.</p>
<p>Oh, some of my products involve a partner who gets half of the &#8220;net&#8221;, so on this $40 sale, I&#8217;m down to as little as $8 for me on a $40 sale. That&#8217;s 20%, quite a bit less than that 100% the others are claiming.</p>
<p>If I used PayPal (cheaper fees), there was no affiliate, and I used a really good PPC ad, I might have $30 out of the $40 left. That&#8217;s 75%, before splitting with a partner.</p>
<p>So what&#8217;s my point? I&#8217;m not here today to demonstrate my math skills, but I have some key things to point out that you should recognize:</p>
<p>1. You (and other people) are not making as much as you think you are. In other words, don&#8217;t confuse your sales (gross) with your income (net). I make a lot of sales through PayPal, so when I see $300 or $500 or whatever come in, it&#8217;s easy to think I made that much. But I still have to pay for advertising and affiliate commissions and a bunch of other things from that.</p>
<p>It can be tough to tell exactly what you&#8217;re really making (i.e., your &#8220;take home pay&#8221;, what you can actually spend outside of business).</p>
<p>2. Your profit per sale is less than your customer thinks it is, and you should ask yourself how much of your time people are entitled to when they buy a low-priced product. To them, they spent $40 and downloaded the product, so they think you made $40 profit. So some customers think nothing of expecting you to provide hours of free consulting, answering unlimited questions about whatever subject your product covers.</p>
<p>I&#8217;m not talking about basic support issues, like people who had downloading problems or lost login info or things like that.</p>
<p>I&#8217;m talking about people who buy an ebook on something like weightlifting, and then expect you to set up a customized workout plan just for them, for free.</p>
<p>(Of course, I&#8217;m assuming your website doesn&#8217;t promise this type of personalized service. If it does, you need to deliver.)</p>
<p>I&#8217;ve found that the more questions like this someone asks, the more likely they are to ask for a refund after using all your personal time. It&#8217;s sad but true- you might spend several hours over a month answering a dozen questions for someone (most of which are covered in your product), and the thanks you get is having to give back the money. You just went from making Wal-Mart wages to zero.</p>
<p>There&#8217;s something about the Internet that raises people&#8217;s expectations. In the offline world, nobody would expect this type of free consulting. If you bought a Donald Trump hardcover book, would you think that entitles you to spend an hour or 2 on the phone with him? Or have him personally answer your email questions? Of course not.</p>
<p>Maybe you think Trump is a clown, but you still have to agree it&#8217;s pretty silly to expect some of his personal time to be included with your low-priced purchase.</p>
<p>You need to decide how much of your time you&#8217;re willing to give in exchange for that $15 or $20 you just netted. Should you have to spend 3 or 4 hours answering questions? I don&#8217;t think so, unless you have some back-end consulting program and are providing some free help to get clients into it.</p>
<p>Or maybe you are doing this to get testimonials for a new product, or compiling people&#8217;s questions and your answers for a followup product. Those are good ideas.</p>
<p>I know some people will misread this, and say I&#8217;m telling you to ignore your customers, not help them, and so on. That&#8217;s not the case at all.</p>
<p>I&#8217;m not saying don&#8217;t answer questions, just keep in mind what you are really making per sale and what your time is worth.</p>
<p>Say you made 10 sales of this product per day that netted you $200. If each customer expected an hour of your time, there&#8217;s 10 hours a day right there. When are you going to get your other work done?</p>
<p>Remember, the whole point of selling downloadable products like ebooks is supposed to be that, once the product is created and set up on a site, the sales and delivery is automated so that you can focus on marketing and creating other products.</p>
<p>So why put yourself in a position where you have to all this after-the-sale pro bono consulting?</p>
<p>Even if you love doing it, what happens when you start selling 50 or 100 per day?</p>
<p>3. Keep #2 in mind when you are the customer.</p>
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		<title>Monitoring Your Search Engine Positions</title>
		<link>http://lockwoodletter.com/monitoring-your-search-engine-positions/</link>
		<comments>http://lockwoodletter.com/monitoring-your-search-engine-positions/#comments</comments>
		<pubDate>Wed, 14 Sep 2011 14:28:36 +0000</pubDate>
		<dc:creator>Chris</dc:creator>
				<category><![CDATA[Search Engines]]></category>

		<guid isPermaLink="false">http://lockwoodletter.com/?p=37</guid>
		<description><![CDATA[Since search engines are the first stop for many people on the Internet looking for goods or services, the position your website appears in search results is an important factor. If your site shows up far down the search results list, the chances of people never finding you increase dramatically. Once you get a high [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>Since search engines are the first stop for many people on the Internet looking for goods or services, the position your website appears in search results is an important factor.</p>
<p>If your site shows up far down the search results list, the chances of people never finding you increase dramatically. Once you get a high search engine position, make sure you maintain the high ranking you have worked so hard to achieve.</p>
<p>This means you must come up with a strategy to monitor your search engine positions. This strategy is crucial to the success of any marketing campaign. Think of your search engine positions as your online portfolio. Would you let your stock portfolio be ruled by chance and market fluctuations, or would you keep close tabs on your stocks so you could buy and sell when the time is right? This is the way you must consider your search engine positions.</p>
<p>At first, after you have launched your search engine campaign and done all the right things to increase your rankings, you will most likely see a continual upward climb. What you need to be on the lookout for is the moment that upward climb reaches a plateau. When this happens, your search engine position campaign moves into stage two, the monitoring and protecting stage.</p>
<p>In stage two, do not be concerned about the short-term fluctuations in your positions. These are similar to the subtle rising and falling of stocks in a portfolio. Short-term movement is an integral part of the whole process. It’s the long-term changes that you must watch for and prepare to act on immediately.</p>
<p>Analyzing the long-term trends of search engines positions is imperative. The way in which search engines rank websites may change at the drop of hat. If you are unaware of these changes – many of which are subtle yet can be deadly to your ranking – your position may drop to the bottom of the list before you can get your bearings. To prevent this kind of precipitous drop, you must create a system to monitor your positions on a monthly basis. Keep tabs on your top ranking positions or your top pages, and make sure to watch “the market” closely.</p>
<p>Each search engine uses an algorithm (formula) to compute website rankings. When a search engine changes this algorithm in any way, it may raise or lower your ranking. Some search engines use a number of different algorithms, rotating them so that an algorithm doesn’t become overused or outdated. Depending on which algorithm is being applied, your search engine position may suddenly drop or rise in rank significantly. Therefore, you must check your positions frequently in order to catch when a search engine changes algorithms and what effect it has on your positions.</p>
<p>You must also deal with your competition – a crucial factor you must always be vigilant about. Your competitor’s position may suddenly rise, automatically lowering your position. Or their position may drop, pushing your position higher. Each month, expect position changes due to the continual changes that are occurring in your competitor’s position, and be prepared to adjust your marketing strategy to compensate for decreased rankings. Monitoring these fluctuations will also give you vital information about how to improve your website to increase your position in search results.</p>
<p>Another factor to monitor carefully is a sudden drop of your positions in all search engines. This is not the same as monthly fluctuations – this is a neon red warning sign! It could mean a number of different things.</p>
<p>If all your search engine positions have plummeted, it may indicate that search engines have found some type of problem with your website. If you have recently changed the code, for instance, the engine may become utterly confused and consequently drop your positions disastrously. If a spider tries to visit your website when it is down for adjustments or changes, you may actually disappear from a search engine index entirely.</p>
<p>Or a search engine may drastically change its formula, and suddenly all of your website come up as irrelevant.</p>
<p>Some search engines rely on the results from other search engines, and it is vital that you know which engines these are and keep track of all the engines they influence. The biggest problem here is that search engines will sometimes change affiliations, and this can create a major shift in the geography of the Internet. For example, Yahoo used to display only results gleaned from Google, but now it has its own spiders and creates its own rankings.</p>
<p>Finally, pay attention to your keywords. Keywords are the foundation of the entire search engine system, and they demand individual scrutiny in your monitoring efforts. If you have found that a number of your positions have plummeted, it may mean that a page of your website has become invisible or inaccessible to search engine spiders. Or the competition for that particular keyword or phrase has recently soared.</p>
<p>Your search engine marketing campaign is an investment. It costs you time and money on a continual basis. Protect this investment as diligently as you would your financial portfolio. In the same way, track your positions from an objective perspective, and monitor your positions on a regular basis. Make sure your time and effort reap rewards by keeping your eye on the big picture – your long-term marketing campaign.</p>
<p>A great way to keep track of how your pages rank in the search engines is by using software. I use <a href="http://lockwoodletter.com/r/marketsamurai.php" target="_blank">Market Samurai</a>, which runs on Windows and Macs. One of its many features is to track the pages of all your websites in Google, Yahoo, and Bing. It produces charts and graphs showing which pages are indexed in which engine, and monitors this over time, so you can easily tell if your sites are getting fully indexed. You can even use it to monitor your competitors’ sites.</p>
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		<title>How NOT to Run a Joint Venture</title>
		<link>http://lockwoodletter.com/how-not-to-run-a-joint-venture/</link>
		<comments>http://lockwoodletter.com/how-not-to-run-a-joint-venture/#comments</comments>
		<pubDate>Wed, 07 Sep 2011 12:55:38 +0000</pubDate>
		<dc:creator>Chris</dc:creator>
				<category><![CDATA[Internet Marketing]]></category>
		<category><![CDATA[Joint Ventures]]></category>

		<guid isPermaLink="false">http://lockwoodletter.com/?p=8</guid>
		<description><![CDATA[Sometimes you can learn how to do things by watching others do them poorly, then avoiding their mistakes. Here is a story that illustrates that. A while back I found out about a giveaway JV and signed up. I’ve built a lot of my list this way, so much so that I created a product [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>Sometimes you can learn how to do things by watching others do them poorly, then avoiding their mistakes.</p>
<p>Here is a story that illustrates that.</p>
<p>A while back I found out about a giveaway JV and signed up. I’ve built a lot of my list this way, so much so that I created a product based on the idea&#8230; so I&#8217;ve participated in quite a few of them.</p>
<p>I got my login info and looked for where to submit the details of the product I would be giving away. I didn’t see any obvious place to do that.</p>
<p>Then I noticed the fine print.</p>
<p>It explained that they were using a point system, in which you get points for each new member you refer to the site. When you get enough points, you can apply to be a JV partner.</p>
<p>In other words, you get to send them traffic for nothing, and if enough people you send them sign up, then you get to be a JV partner.</p>
<p>That’s assuming their point-counting software works – how would you know if it doesn’t? There’s no easy way for me to know if someone signed up, unless their system notifies me.</p>
<p>It also assumes they accept your gift once you finally get to submit it.</p>
<p>Oh, you have to send them 100 members to become a JV partner. Yes, one hundred.</p>
<p>Not 100 visitors, but 100 people who sign up on their site (which not everyone who goes there will do).</p>
<p>Until then, you can’t even submit your gift details.</p>
<p>Until then, all the new people signing up on their site won’t see your gift, so you won’t get them on your list.</p>
<p>Wow. What a crock, and what a one-sided arrangement. It’s sort of like having a store at the mall, but the mall owner won’t let you unlock the door to let shoppers in.</p>
<p>A JV is supposed to be a two-way street, benefiting both sides.</p>
<p>(Actually, it should also benefit the customers / subscribers, but it’s too hard for my brain to picture a three-way street.)</p>
<p>Maybe 100 doesn’t sound like many, so let’s look at some numbers.</p>
<p>Let’s say you have a list of 1000 people and send them an email promoting this offer.</p>
<p>Maybe 300 will open your email, if you’re lucky.</p>
<p>Of those 300, maybe 50 will be interested enough to click the link to the site.</p>
<p>Of those 50, maybe 25 will actually sign up.</p>
<p>So that’s 25 of 1000 who signed up for FREE stuff.</p>
<p>Meanwhile, you could have used that email message to tell them about some other product or service, or sent them an article, or whatever.</p>
<p>My problem here is not so much with the number 100. I’m confident I could send them 100 members if I really tried.</p>
<p>But why should I bother, with the apparent attitude of the person running the JV? What he is saying in effect is that unless and until you send him 100 members, he doesn’t even want to look at your gift.</p>
<p>Do you like that attitude in a partner? I don’t.</p>
<p>Is this thing run by some big-name “guru” with the clout to make strict demands? No, it’s somebody I (and probably you) have never heard of before.</p>
<p>I’ve been following the Internet marketing scene for years, so if I’ve never heard of someone, they probably aren’t very big.</p>
<p>Now don’t get me wrong; this person can make whatever rules he wants, as long as they’re legal, since it’s his site and his promotion.</p>
<p>But giveaways don’t work too well if you can’t get others to promote the site!</p>
<p>I wondered if maybe I was having a bad day and thinking too harshly about this one, so I contacted some of my marketing friends for their opinions.<br />
Some of them could send the guy 100 members in a few hours if they wanted to.</p>
<p>They all thought the arrangement stinks and said they would not get involved.</p>
<p>Here’s what I predict will happen: most of those who sign up intending to be JV partners will be newbies or those who don’t read the fine print. They will promote the site, but 90% of them won’t send 100 members, so the guy running this JV will benefit some from their work, but they’ll get nothing for it.</p>
<p>Those with big lists will just laugh at the arrangement and avoid it. These are exactly the people you’d want to work with.</p>
<p>Those who do manage to send 100 members will get a few subscribers, but not many, since I don’t see this thing drawing much traffic in the first place.</p>
<p>Am I going to contact the guy and tell him what he’s doing wrong? No, I’ll let him figure that out for himself, if he can. Some people get upset when you try to point out problems like that.</p>
<p>So let this be a lesson: when you try to set up a JV or other business arrangement, make sure there’s something in it for the other people.</p>
<p>Put yourself in their shoes; pretend you are them reading your offer, and ask yourself how eager you would be to accept the offer if it were sent to you.</p>
<p>That should be common sense, but common sense is rare these days.</p>
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		<title>Save Hundreds a Year on PayPal Fees</title>
		<link>http://lockwoodletter.com/save-hundreds-a-year-on-paypal-fees/</link>
		<comments>http://lockwoodletter.com/save-hundreds-a-year-on-paypal-fees/#comments</comments>
		<pubDate>Wed, 31 Aug 2011 16:07:26 +0000</pubDate>
		<dc:creator>Chris</dc:creator>
				<category><![CDATA[Internet Marketing]]></category>

		<guid isPermaLink="false">http://lockwoodletter.com/?p=18</guid>
		<description><![CDATA[Did you know you can get lower PayPal fees if you do a lot of business there? (This is for people with a premier or business account only- the types that let you accept credit cards.) If you did more than $3000 in sales in your PayPal account the last calendar month, you can apply [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>Did you know you can get lower PayPal fees if you do a lot of business there? (This is for people with a premier or business account only- the types that let you accept credit cards.)</p>
<p>If you did more than $3000 in sales in your PayPal account the last calendar month, you can apply for lower fees. (They don&#8217;t lower the fees unless you do this.)</p>
<p>Their standard percentage is 2.9%, but when you go over $3000 a month, you can get it cut to 2.5%, at $10,000 a month, it would go down to 2.2%, and at $100,000 a month, it’s 1.9%.</p>
<p>It’s not easy to find the application in your account, so the easiest way to get to it is to login, then paste the following URL in your browser:</p>
<p>https://www.paypal.com/us/cgi-bin/webscr?cmd=_merchant-app</p>
<p>(I realize people are leery about PayPal phishing tricks, so that is why I’m suggesting copying and pasting that URL, after you log in directly&#8230; or feel free to poke around your account and find the screen yourself. Look for “Merchant Rate pricing”.)</p>
<p>The application only takes a minute or so to fill out, so it’s well worth doing if you qualify. Once you’ve done this, your rate will automatically go down when your volume increases. There is no charge to apply for the fee reduction, and this will save you a minimum of $144 a year (based on going from 2.9% down to 2.5% on $3000/month).</p>
<p>After you apply, if your sales drop below the minimum, your fees will go back to the original rate, but when sales increase, the fees will drop&#8230; no need to apply again.</p>
<p>If you haven’t reached the $3000 mark yet, don’t apply, and don’t get discouraged. Just save this article for when you do.</p>
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		<title>The Amazing but Simple Secret of Success</title>
		<link>http://lockwoodletter.com/the-amazing-but-simple-secret-of-success/</link>
		<comments>http://lockwoodletter.com/the-amazing-but-simple-secret-of-success/#comments</comments>
		<pubDate>Tue, 23 Aug 2011 03:09:00 +0000</pubDate>
		<dc:creator>Chris</dc:creator>
				<category><![CDATA[Internet Marketing]]></category>
		<category><![CDATA[Motivation]]></category>

		<guid isPermaLink="false">http://lockwoodletter.com/?p=48</guid>
		<description><![CDATA[I don&#8217;t usually post other people&#8217;s videos on my blog, but today I have to make an exception. My friend Ryan Magin just put out a video that I think you should watch: I hope that resonated with you. He&#8217;s essentially saying to take action, and keep doing so. That really is the secret to [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>I don&#8217;t usually post other people&#8217;s videos on my blog, but today I have to make an exception. My friend Ryan Magin just put out a video that I think you should watch:</p>
<p><object width="500" height="306"><param name="movie" value="http://www.youtube.com/v/2lI6lS8F5lk?version=3"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/2lI6lS8F5lk?version=3" type="application/x-shockwave-flash" width="500" height="306" allowscriptaccess="always" allowfullscreen="true"></embed></object></p>
<p>I hope that resonated with you.</p>
<p>He&#8217;s essentially saying to take action, and keep doing so. That really is the secret to success, as simple as it sounds.</p>
<p>Oh, by the way, adult language warning on that video.</p>
<p>I&#8217;ve known so many people in situations like these:</p>
<ul>
<li>They&#8217;ve been going to marketing seminars for years but haven&#8217;t made a dime online yet.</li>
<li>They&#8217;ve been studying Internet marketing for years but haven&#8217;t put a single web page online.</li>
<li>They&#8217;ve been creating a product for years but are nowhere near trying to sell it.</li>
<li>They&#8217;ve spent more than a year trying to decide what niche to pursue.</li>
</ul>
<p>Do any of those sound familiar?</p>
<p>Those issues all come down to not taking action, at least not the right kind of action.</p>
<p>He might not have specifically said this in his video, but I think Ryan would agree with me that you have to take the kind of action that can lead to making you money.</p>
<p>There&#8217;s nothing wrong with attending seminars, studying marketing courses, and so on, but in and of themselves, those things don&#8217;t make you money until you apply what you&#8217;ve learned.</p>
<p>Neither do forums, Facebook, and lots of other things people spend lots of time on while not making money.</p>
<p>There are a lot of ways to make money online, but just about all of them come down to selling something. So if you&#8217;re doing things unrelated to selling products or services, realize those are the activities that don&#8217;t directly make you money.</p>
<p>Start doing more things that can make you money, like putting up web page that sell things, getting people on a list and sending them offers, and so on. It really is that simple.</p>
<p>And keep in mind Ryan&#8217;s other main point, that you have to keep taking action. Some of the actions you take, even the right ones, won&#8217;t pan out. No one bats 1.000 for very long, and everyone who is a success has had (and continues to have) more than their share of failures along the way.</p>
<p>So thanks to Ryan for making the video and inspiring me to write this post.</p>
<p>We all need a kick in the pants sometime.</p>
<p>I suggest you go watch the video again, then get to work.</p>
<p>If you&#8217;d like to listen to an interview I did with Ryan about affiliate marketing, you can do that <a href="http://affiliatemarketingunveiled.com/gift.php" target="_blank"><strong>here</strong></a>.</p>
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		<title>That&#8217;s No Way to Sell Beer</title>
		<link>http://lockwoodletter.com/thats-no-way-to-sell-beer/</link>
		<comments>http://lockwoodletter.com/thats-no-way-to-sell-beer/#comments</comments>
		<pubDate>Wed, 17 Aug 2011 20:18:40 +0000</pubDate>
		<dc:creator>Chris</dc:creator>
				<category><![CDATA[Offline Marketing]]></category>

		<guid isPermaLink="false">http://lockwoodletter.com/?p=45</guid>
		<description><![CDATA[A few nights ago I went to a sports bar with some friends to watch some preseason football, and I was reminded of what a lousy job of marketing some big companies are capable of. The Miller Lite girls were there, but kept a low profile. Except for the small Miller Lite patches on their [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>A few nights ago I went to a sports bar with some friends to watch some preseason football, and I was reminded of what a lousy job of marketing some big companies are capable of.</p>
<p>The Miller Lite girls were there, but kept a low profile. Except for the small Miller Lite patches on their shirts, it wasn&#8217;t obvious who they were.</p>
<p>A sports bar should be a great place to promote beer&#8230; if it&#8217;s being promoted properly.</p>
<p>The ladies did give away some football tickets, but that was about it. I wonder if the people who won them will even remember what brand of beer the tickets came from.</p>
<p>Here&#8217;s what I would have done if I had been in charge- I would have had all sorts of stuff with the Miller Lite logo on it and given it away. Stuff like T-shirts, caps, bumper stickers, keychains, coasters, can holders, you name it, that people would have used or worn to spread the logo around.</p>
<p>I would have also given away beer samples, unless there was a good reason why not. And I would have coordinated with the bar to have specials on Miller Lite while the ladies were there. How obvious is that?</p>
<p>None of that is rocket surgery, although it is apparently beyond the grasp of big corporate marketing departments. But then these are the same people who spend millions on untargeted and untrackable advertising.</p>
<p>Other than the drawing for the tickets, there wasn&#8217;t much evidence that Miller Lite was even doing a promotion that night. It looked more like two women in football jerseys slowly wandering through the bar.</p>
<p>It&#8217;s sad to think that someone actually got paid to plan this pathetic attempt at promoting beer.</p>
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		<title>Analyzing Website Traffic</title>
		<link>http://lockwoodletter.com/analyzing-website-traffic/</link>
		<comments>http://lockwoodletter.com/analyzing-website-traffic/#comments</comments>
		<pubDate>Wed, 10 Aug 2011 16:21:15 +0000</pubDate>
		<dc:creator>Chris</dc:creator>
				<category><![CDATA[Traffic]]></category>

		<guid isPermaLink="false">http://lockwoodletter.com/?p=34</guid>
		<description><![CDATA[Analyzing your web traffic statistics can be a great tool for a number of different reasons. But before you can make full use of this tool, you need to understand how to interpret the data. Most web hosting companies will provide you with basic web traffic information that you then have to interpret and make [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>Analyzing your web traffic statistics can be a great tool for a number of different reasons. But before you can make full use of this tool, you need to understand how to interpret the data.</p>
<p>Most web hosting companies will provide you with basic web traffic information that you then have to interpret and make use of. However, the data you receive from your host company can be overwhelming if you don’t understand how to apply it to your particular business and website.</p>
<p>Most web hosts provide some stats programs as part of your control panel. My favorite is Awstats. It shows all the relevant stats for my sites in easy-to-read charts and graphs.</p>
<p>Let’s start by examining the most basic data – the average number of visitors to your site on a daily, weekly, and monthly basis.</p>
<p>These figures are the most accurate measure of your website’s activity. It would appear on the surface that the more traffic you see recorded, the better you can assume your website is doing, but this is an inaccurate perception. You must also look at the behavior of your visitors once they come to your website to accurately gauge the effectiveness of your site.</p>
<p>There is often a great misconception about what is commonly known as “hits” and what is really effective, quality traffic to your site. Hits simply means the number of information requests received by the server. If you think about the fact that a hit can simply equate to the number of graphics per page, you will get an idea of how overblown the concept of hits can be. For example, if your home page has 15 graphics on it, the server records this as at least 16 hits, when in reality we are talking about a single visitor checking out a single page on your site. As you can see, hits are not useful in analyzing your website traffic.</p>
<p>The more visitors that come to your website, the more accurate your interpretation will become. The greater the traffic is to your website, the more precise your analysis will be of overall trends in visitor behavior.</p>
<p>The aim is to use the web traffic statistics to figure out how well or how poorly your site is working for your visitors. One way to determine this is to find out how long on average your visitors spend on your site. (Awstats will show you this.) If the time spent is relatively brief, it usually indicates an underlying problem. Then the challenge is to figure out what that problem is.</p>
<p>It could be that your keywords are directing the wrong type of visitors to your website, or that your graphics are confusing or intimidating, causing the visitor to exit rapidly. Use the knowledge of how much time visitors are spending on your site to pinpoint specific problems, and after you fix those problems, continue to use time spent as a gauge of how effective your fix has been. (Of course, if people are on your site for a short time because they are quickly buying your product, that’s another issue!)</p>
<p>Additionally, web traffic stats can help you determine effective and ineffective areas of your website. If you have a page that you believe is important, but visitors are exiting it rapidly, that page needs attention. You could, for example, consider improving the link to this page by making the link more noticeable and enticing, or you could improve the look of the page or the ease that your visitors can access the necessary information on that page.</p>
<p>If you notice that visitors are spending a lot of time on pages that you think are less important, you might consider moving some of your sales copy and marketing focus to that particular page.</p>
<p>As you can see, these statistics will reveal vital information about the effectiveness of individual pages, and visitor habits and motivation. This is essential information to any successful Internet marketing campaign.</p>
<p>Your website undoubtedly has exit pages, such as a final order or contact form. This is a page you can expect your visitor to exit rapidly.</p>
<p>However, not every visitor to your site is going to find exactly what he is looking for, so statistics may show you a number of different exit pages. This is normal unless you notice a exit trend on a particular page that is not intended as an exit page.</p>
<p>In the case that a significant percentage of visitors are exiting your website on a page not designed for that purpose, you must closely examine that particular page to find the problem. Once you pinpoint potential weaknesses on that page, minor modifications in content or graphics may have a significant impact on the keeping visitors moving through your site instead of exiting at the wrong page.</p>
<p>After you have analyzed your visitor statistics, it’s time to turn to your keywords and phrases. Notice if particular keywords are directing a specific type of visitor to your site. The more targeted the visitor – meaning that they find what they are looking for on your site, and even better, fill out your contact form or make a purchase – the more valuable that keyword is.</p>
<p>However, if you find a large number of visitors are being directed – or should I say misdirected – to your site by a particular keyword or phrase, that keyword demands adjustment. Keywords are vital to bringing quality visitors to your site who are ready to do business with you. Close analysis of the keywords your visitors are using to find your site will give you a vital understanding of your visitor’s needs and motivations.</p>
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		<title>An Unusual Way to Get Traffic from Google</title>
		<link>http://lockwoodletter.com/an-unusual-way-to-get-traffic-from-google/</link>
		<comments>http://lockwoodletter.com/an-unusual-way-to-get-traffic-from-google/#comments</comments>
		<pubDate>Wed, 03 Aug 2011 15:38:25 +0000</pubDate>
		<dc:creator>Chris</dc:creator>
				<category><![CDATA[Traffic]]></category>

		<guid isPermaLink="false">http://lockwoodletter.com/?p=13</guid>
		<description><![CDATA[I was surfing online late one night and wound up at Google Gadgets. Have you seen it? I don’t even know how to get to it from Google’s home page, and nobody seems to be talking about it yet, at least not in the marketing world. Google is always coming up with new stuff, a [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>I was surfing online late one night and wound up at Google Gadgets.</p>
<p>Have you seen it? I don’t even know how to get to it from Google’s home page, and nobody seems to be talking about it yet, at least not in the marketing world.</p>
<p>Google is always coming up with new stuff, a lot of which has nothing to do with search, and some of it becomes very well known, like Google Earth or Google Maps or Gmail.</p>
<p>Google Gadgets are little bits of code you can put on your website to add some feature. Google engineers wrote a few of them, but most are supplied by others.</p>
<p>Some of the gadgets are generic things like calendars, breaking news, weather info, phases of the moon, etc. I don’t have a list of exactly what a gadget could do or not do, but some of them are pretty creative, and some look rather pointless.</p>
<p>WordPress didn’t like me sticking the gadget into my post, so <a href="http://lockwoodletter.com/r/gadget.htm" target="_blank">here is a plain HTML page where the story continues with an example… </a></p>
<p>Are the wheels turning in your head yet? If not, I will spell it out for you.</p>
<p>Anyone can go to Google Gadgets and grab one of these fitness calculators for free and easily put it on their website. They don’t have to know how the gadget works, just copy the code from Google and paste it on their page (just like putting Adsense on your site).</p>
<p>Do you see how that benefits the site owner? I have no idea how many people have put their gadgets on their sites, but imagine having hundreds or thousands of sites&#8230; related to your niche (where your target customers visit)&#8230; with a cool little gadget on it, conveniently supplied by you&#8230; potentially thousands or even millions of people eventually seeing your gadget on someone else’s site…</p>
<p>It’s like article marketing on steroids, except that with articles, some dishonest people will remove your name and link when publishing your article, but due to the way gadgets work, it looks to me like the site owner using them can’t modify them (other than changing things like size or color).</p>
<p>Also, you only have to submit your gadget to Google’s directory and let others find it, so this would take very little of your time. Of course it wouldn’t hurt to contact other site owners in your niche and offer your gadget to them.</p>
<p>I can already hear people whining “But I don’t know how to make one of these gadgets, how does this help me?”</p>
<p>Well, if you can think of some gadget that would be useful to your audience, why couldn’t you just go on one of the freelancer sites like elance.com or vworker.com or the like and find yourself a programmer to write a gadget for you?</p>
<p>Something like one of these calculators is a very simple program, because all it’s doing is taking a few numbers the user types in, doing simple math on them, and displaying the result. If you gave the equation to a programmer who knew what he was doing, I’ll bet he could crank out one of these in a couple hours for $50 or less.</p>
<p>If you have a good idea for a gadget for your niche, wouldn’t it be worth getting one made and putting it on Google before the rest of the world finds out about this?</p>
<p>Worst case would be that nobody uses your gadget, but you have a useful tool for your visitors, and that should be worth having it created.</p>
<p>Maybe within 6 months somebody will have a product with a name like Google Gadgets Secrets which explains how to do this. If I wasn’t so busy with other projects, I could write that myself. But really, I’ve just given you the plan.</p>
<p>I obviously haven’t tried this yet since it was literally less than 24 hours ago that I thought of it, but most of the work would be coming up with a good idea, something useful that others would want to put on their sites, and would ideally be targeted to your niche (although you could always do something of general interest like joke of the day).</p>
<p>I obviously haven’t tried this yet since it was literally less than 24 hours ago that I thought of it, but most of the work would be coming up with a good idea, something useful that others would want to put on their sites, and would ideally be targeted to your niche (although you could always do something of general interest like joke of the day).</p>
<p>For some niches the ideas are pretty obvious, like mortgage calculators for real estate or the fitness calculators I’ve mentioned. It doesn’t have to be a calculator- my best advice is to just start paging through that directory and seeing what there is. That should inspire some ideas, since without seeing a bunch of these it’s hard to picture what a gadget can do. Some of them look rather mediocre- maybe you could do a better version of the same thing.</p>
<p>If you use this idea, I’d love to hear about it. What gadget did you create, what did it cost to have made, what results did you get from it?</p>
<p>And if you’d like to be the one who writes Google Gadgets Secrets, go for it. I won’t mind, since if I was going to write it myself, I wouldn’t be posting this article right now! (Feel free to thank me in the acknowledgements section.)</p>
<p>I think a good product could be made from this idea, if you created some gadgets and had case studies showing the cost and increase of traffic, maybe a list of ideas for gadgets for various niches. And it would sell if marketed correctly, since a new way of getting traffic at low cost will always be in demand, especially if your product is the first one talking about it.</p>
<p>There is a huge directory of gadgets here: <strong><a href="http://www.google.com/ig/directory?synd=open" target="_blank">Google Gadgets</a></strong>.</p>
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		<title>A New Beginning</title>
		<link>http://lockwoodletter.com/a-new-beginning/</link>
		<comments>http://lockwoodletter.com/a-new-beginning/#comments</comments>
		<pubDate>Thu, 28 Jul 2011 03:22:39 +0000</pubDate>
		<dc:creator>Chris</dc:creator>
				<category><![CDATA[Internet Marketing]]></category>

		<guid isPermaLink="false">http://lockwoodletter.com/?p=11</guid>
		<description><![CDATA[Welcome to my reborn blog, the Lockwood Letter, back after a year plus. I go to a lot of Internet marketing events, and I&#8217;ve had many people come up to me and tell me they haven&#8217;t gotten email from me lately, and they wonder what&#8217;s up. The short answer is that I haven&#8217;t sent out [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>Welcome to my reborn blog, the Lockwood Letter, back after a year plus.</p>
<p>I go to a lot of Internet marketing events, and I&#8217;ve had many people come up to me and tell me they haven&#8217;t gotten email from me lately, and they wonder what&#8217;s up.</p>
<p>The short answer is that I haven&#8217;t sent out anything in a year. I lost the list that was associated with this blog, so if you haven&#8217;t subscribed after May 1, 2011, you&#8217;re not on the list.</p>
<p>The longer answer is that I&#8217;ve been through a lot in the past year and a half- I gave up on trying to sell my place (after moving out and putting most of my stuff in storage), I moved back in, and a few months ago, lost my mom.</p>
<p>I noticed in summer 2010 that I hadn&#8217;t blogged anything in a few months, so rather than leave a stagnant blog sitting out there, I took it down, figuring I&#8217;d get back to it when I felt like it.</p>
<p>Now I feel like it, so this is the first post on the newly revamped version.</p>
<p>A little about me:</p>
<p>You might have met me at one of the many Internet marketing events I&#8217;ve been to since 2004. (I might have to make a list of them someday.) You might have even seen me speak at one of those events, or appear on an expert panel, both of which I&#8217;ve done a few times.</p>
<p>I&#8217;ve been self-employed since 2001, making a living online, but I built my first website back in 1995, the same year that amazon.com started, and a few years before Google.</p>
<p>Over that time, I&#8217;ve done most of the things online that people consider as part of the Internet marketing scene:</p>
<ul>
<li>ebook publishing</li>
<li>blogging</li>
<li>article marketing</li>
<li>Adsense</li>
<li>Adwords and other PPC (pay-per-click)</li>
<li>teleseminars</li>
<li>affiliate marketing</li>
<li>email marketing</li>
<li>joint ventures</li>
<li>eBay</li>
<li>physical products</li>
</ul>
<p>and probably a few other things I&#8217;ve forgotten.</p>
<p>I&#8217;ve stuck with what works and abandoned what no longer does (or never did).</p>
<p>About five years ago I started what eventually became this blog, to write about my experiences and share some ideas. After a long break I&#8217;m now ready to get back to that&#8230;</p>
<p>So sign up for my new list to keep up with what I&#8217;m doing, and feel free to post an intelligent comment.</p>
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