Baby Steps
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Your On-line Resource For Taking Your First Steps Into The World Of On-line Commerce
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Interview with Internet Marketing Success Story: Corey Rudl
Marty Foley, publisher of ProfitInfo Email Newsletter, interviews Internet marketing guru Corey Rudl. For many savvy online entrepreneurs, Corey needs no introduction.
[Marty]: Corey, as one who has been extremely successful as an
online marketer, please tell us how you got started using the
Internet as a marketing tool.
[Corey]: I started marketing online in the fall of 1994. It was
quite a fluke. In my course, I explain that we published my
book, "Car Secrets Revealed", and started selling it offline.
The results were pathetic. We thought we had a winning formula
and it was barely breaking even. I spent about $20,000 offline
trying to promote it... and it flopped.
I took the advice of a friend that was setting up an automotive
site on the net and he helped me get a very simple web page
online. I saw a few sales trickle in and then took more interest
in it, promoting the book online in my spare time.
[Marty]: What are some of the online ventures you are involved
in?
[Corey]: I own four different businesses that now generate over
$2,600,000 in online sales every year. I have interests in many
other online projects, as I have done work for clients for a
portion of the profits I generate. I also have a clientele base
that hires me for online business advice at $320 per hour.
[Marty]: Your book "Car Secrets Revealed" has done very well for
you online. Can you give some details on it?
[Corey]: Car Secrets Revealed was my first success on the net.
Within 9 months of truly starting to promote it heavily, it
became the #1 best selling car book online (using the unique
promotional techniques I teach). It generated over $140,000 in
net profit in those months. To this day (almost 3 years later),
it is still the #1 best selling car book on the Internet.
The site is at http://www.igs.net/carsecrets/ if you want to
check it out. Everything I put on the page and everything I say
is there for a reason... We have tried many different web page
designs and concepts, and this one works the best (I explain why
in my Internet Marketing course at:
http://www.marketingtips.com.
I can't explain it here, as it would fill up about 20 pages to cover
just the details on that topic alone).
[Marty]: You were recently on the Maury Povich TV show in
connection with your businesses. Can you recap for those of us
that missed it?
[Corey]: There is not much to say. Basically, because of my
exposure on the Internet and having the #1 best selling car book
online, they found me through the net and invited me to appear
on the show as their "car expert" to explain a few tips and
secrets to their viewing audience on car buying and the shams
and scams with car repairs. It was a good interview, but what a
long flight back... 10 hours on a plane. Whew!
[Marty]: How long did it take your first online venture to start
making a profit?
[Corey]: The first month the sales trickled in, so I
technically made a profit within 30 days... but nothing to
live off of. Since I was one of the first group of commercial
businesses online... there was a lot of "trying everything",
so it took me almost 18 months before I started to see a
full-time income. I spent literally 12-14 hours a day, 7 days a
week trying different techniques, copy, and ideas online. Now
that I know most every trick and tip there is, I can literally
take almost any business online and make it turn a very healthy
profit in a few months.
As more and more people got online, many of the standard
marketing techniques were getting overused and becoming
ineffective... so I developed "twists" to most of them to ensure
they still made a profit when everyone was using the "regular"
approaches to online marketing. The results: the techniques I
use to market online are very unique.
[Marty]: How did you learn about what it takes to succeed?
[Corey]: At first a lot of trial and error. I took a lot of the
concepts and ideas I got from the very expensive seminars I used
to attend and material I bought (I was a Jay Abraham, Gary
Halbert, Mike Enlow and Ted Nicholas fan, and most of their
seminars were $7000 and up.) I took those ideas - and with a
little ingenuity and creativity - adapted them to the net (while
in the midst of developing my own winning formulas for online
success). I came up with formulas that work like wildfire
online.
[Marty]: I recognize the names of those other well-known direct
marketers that you have learned from. It's apparent that your
formulas work. Which avenues are paying off the best for you?
[Corey]: I have never had an online business that *has not* made
a very healthy profit. As I mentioned, my four online businesses
combined now generate over $2,600,000 in sales online per year!
And the beauty of it is that I started it myself as a one-man
operation. I now have had to hire five employees to take care of
the paper work and customer service... but have you ever heard
of a retail business that has 2.6 million dollars in sales with
only a few employees? No! They have at least 15-20 employees. That
is the beauty of the net: you can automate everything so your
overhead is incredibly low.
[Marty]: What specific types of online tools are you using
successfully?
[Corey]: That is a very difficult question to answer, because
there is no one tool that is responsible for making me a fortune
online.
My techniques show you how to generate multiple small streams of
income, and then automate those streams of income so you can
move to the next. Let me explain...
I would teach you a marketing technique that will make you $1000
a month in net profit. You then automate that so it generates
that $1000 whether you are there or not. You then move on to the
next marketing technique, and it makes you $1500 a month. And
once that is in place (which takes you about 2-3 weeks), you
automated it and move on the next week, and so on.
The concept here is that you are making small streams of income
from many different directions (all of which are automated)...
but if you add up those streams of income you are looking at
$10,000 to $15,000 a month in net profit, which is over $100,000
a year. The best part is that if one technique fails because
something on the net changes, you don't have to worry; you still
have other streams of income that are making you money every
month.
[Marty]: Do you do all of your business online, or do your
online marketing efforts supplement your off-line business
efforts?
[Corey]: 100% online. I am a specialist at online sales and
marketing. I have become one of the most respected online
marketers on the Internet... and for good reason: I can prove my
successes. If someone asks me to help them with their magazine
advertising, I simply tell them that there are better people
than me out there for offline marketing and they should see them
instead. I do what I do best... and that is online marketing, so
I concentrate *all* my efforts on that!
[Marty]: What mistakes have you made?
[Corey]: There are so many, I would fill up your entire
newsletter listing them. Let me just say that I have wasted
hundreds of thousands of dollars trying techniques that did not
work (but from everyone I learned something very important). But
that is the "price of education" as I say.
[Marty]: What major mistakes do you see other Internet
entrepreneurs make?
[Corey]: There are a lot of them and I discuss them in great
detail in the course, but I will briefly mention a few here.
- Having an ineffective web site that does not turn visitors
into sales. This is a very tricky thing to do (that most people
do not understand), and I devote a lot of time in my course in
how to make a web site profitable.
- Putting all your eggs in one basket. Trying one technique and
thinking it will make you a fortune. You need to diversify your
marketing efforts into different promotions to see which ones
pull the most net profit, and then concentrate on those.
- Having a poor "sales process" in the marketing campaign. That
is the manner in which you interest the client into coming to
your site, then lead him into a good rapport with yourself, and
then - and only then - asking for the order. Most people break
the link at some point and lose the sale. That is why most sites
only see one sale out of every 200-400 visitors (and some even
worse).
[Marty]: Are there any other tips or suggestions you would like
to give others that want to profit from the Internet?
[Corey]: Research, research, research.... Read/study everything
you can on online marketing and learn about it before you jump
in. For example, I hear stories every day about people that
"heard" bulk emailing was very profitable. They may spend $1000
on the different software, only to find out they were doing it
very ineffectively (for example, indiscriminately spamming,
rather than ethically using bulk opt-in email) and don't make a
single cent.
Then there are other stories of online success with MLM...
people spend months using the wrong techniques and end up not
making a penny. The list just goes on and on.
Make sure you understand what you are getting into with any
business online so that your first attempt will be your success!
[Marty]: I agree, Corey. Too many are trying to "reinvent the
wheel" instead of learning how others before them have achieved
success. I like how Benjamin Franklin put it, when he said: "An
investment in knowledge always pays the best interest." Thanks
for letting me interview you, Corey.
Corey Rudl gets over 2 million visitors to his websites yearly, does 2.6 million dollars in sales online each year (yes, that is $2,600,000), and personally makes hundreds of thousands of dollars from his online businesses... all from his one small office. So listen to what he has to say as he knows what he is talking about when it comes to starting and promoting a business on the internet. Visit his site at Internet Marketing Center where he reveals all his unconventional tips, tricks and techniques with examples so you can learn the most efficient and fastest ways to make money on the internet.
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