Today’s the start of Wijk aan Zee. “The what and what?” “Wijk aan zee.” (pronounced “Vike an zay.”) It’s a small seaside town in the north of Holland. And, normally, it’s home to just 2,400 people. But, for the next couple of weeks, it’ll be the centre of the universe Read more…
A couple of days ago, I was listening to an interview with comedian Anthony Jeselnik – AKA the “Dark Prince of Comedy.”
Asked what advice he’d give young comedians, he said, “Find someone you want to be … then beat them.”
And that’s basically the same advice I’ve been giving to website owners: Find out who is (more…)
Last week, I was watching a speech by Charlie Munger, Warren Buffet’s right hand man.
In it, Munger said:
“One idea [investors] use is one Benjamin Graham borrowed from engineering, which is the concept of a margin of safety.
In other words, factoring all the probabilities, you want a margin of safety in what you’re doing. And that’s a very good concept when you’re (more…)
Perhaps the dumbest question in internet marketing is, “Does anyone click on the Google ads?”
Now, if I were sarcastic, I might answer, “No, that’s why Google doesn’t make any money…”
Seriously, folks, it’s not hard to answer this question. After all, Google’s a publicly traded company, which means they report their profits.
For example, in 2015, Google’s revenue was roughly $75bn. Of that, $52bn came from ads on Google’s own websites.
So, let me ask you, (more…)
Imagine you have an unknown product, and your goal is to become the world leader within 4 years….
Even though you don’t have much money …
And your product really isn’t any better than your competitors’ …
And, on top of that, your product is twice as expensive as everyone else’s …
Do you think you could succeed?
The Pepsodent Story
In the early 1900s, the creator of Pepsodent was in exactly this position.
And, when he approached Claude Hopkins – the greatest ad man of the time – Hopkins thought the project was hopeless (more…)
After I published my recent book (get a free copy here), some people asked whether it was really possible for businesses to double profits in just a few months. The answer is yes. Let me show you how. Let me show how these gains come from applying just 3 simple Read more…
I’ve had a lot of fun this week putting together a list of some of the best marketing articles I’ve ever read. The initial list had over 30 articles. Here are the 8 that made the final cut: #1: 1,000 True Fans – Kevin Kelly This article is aimed mainly Read more…
One of the things I’ve tested is price points.
My tests have indicated that price points of 7 and 9 tend to underperform price points of 5 and 0 – often by over 30%.
So, for example, £75 or £80 would usually be “good” prices compared to £77 and £79. (Good = more sales.)
However, there are experts in America who claim 9s are best.
The evidence they cite is a 2003 study by University of Chicago and MIT titled, “Effects of $9 Price Endings on Retail Sales: Evidence from Field Experiments”.
This experiment took four products priced $39, $49, $59, $79.
They tested what would happen if (more…)
I just watched a webinar on “Growth Hacking”. I was curious to see how it’s different to marketing. It isn’t. (Other than ghastly jargon, like you need to “optimize on-boarding”, and the exhortation to make your pages “awesome”.) Either someone has knowingly re-branded time-proven marketing methods so they can own Read more…
This post is based on the belief that, over the last 2 years, UK Business Forums (UKBF) has declined greatly as a forum. Fewer interesting threads. Fewer insightful replies. If you disagree with this, then what I’m about to write is going to come across as a mis-diagnosis of a Read more…