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Interview with Internet Marketing Success
Story:
Corey Rudl
[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 who 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 $640 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.carsecrets.com/
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/t.cgi/44233.
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 who
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.
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 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
formulae for online success). I came up with formulae that work like
wildfire online.
[Marty]: I recognize the names of those other
well-known direct marketers who you have learned from. It's apparent that
your formulae 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 automate it and move on to
the next technique, 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 every
one 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.
1.
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.
2.
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.
3.
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 who 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 the way Benjamin Franklin put it, when he
said: "An investment in knowledge always pays the best interest."
Thanks for letting me interview you, Corey.
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