This interview is with Michael Murray, the author of a top selling ebook titled "Autoresponder Basics." Michael is also involved with many excellent affiliate programs.
Terry: Michael, this is a real pleasure to talk about your experience and business on the Internet. To start off, how did you get involved with the Internet?
Michael: I'm disabled and I always figured I'd get a job with computers. In 1996, my dad got the Internet hooked up and I loved it. At the time, I was 13 and a big fan of Goosebumps (the popular book series back then). I would search for information on it. When I was 16, I started seeing lots of "Get Rich Quick" schemes and fell into it and wasted a lot of money. Fortunately, I learned through trial and error the right way to make money online.
Terry: That is an interesting beginning. What led you to develop your top selling ebook "Autoresponder Basics"?
Michael: For a couple of years, I only promoted affiliate programs. I didn't have my own product. I was in the very competitive Internet marketing niche and there was already an overload of information. People were writing "How to Make Money Online" ebooks who weren't even making a dime themselves! I didn't have anything new to say about the subject. I became a critic of other people's work and wrote honest reviews about it to my email list. They would save money by buying only quality products. My reviews led people to ask me how to use autoresponders. They realized the need to "build a mailing list" but had no idea how to technically do it.
I did some research and discovered that a lot of good guides existed about email marketing techniques and list building strategies. However, the guides all assumed you knew how to use autoresponders. That was a bold assumption. After some encouragement from a fellow marketer, I researched and wrote "Autoresponder Basics."
Terry: Great! You benefited on an opportunity to develop a product that people wanted. What types of products/services do you believe sell well on the Internet?
Michael: First, information products (i.e., ebooks, tapes, videos, coaching, seminars, etc.) are the #1 item to sell online. Information products have low overhead and high markups. To sell information products successfully, you need a tightly targeted niche market to sell to. You need not only a niche but also a sub-niche. My ebook is the perfect example. I chose a specific subject in a niche that very few other people were marketing.
Terry: Sounds straightforward. Find a market niche and pursue it. In your pursuit, what well-known Internet marketers helped you the most with your business?
Michael: Terry Dean was the biggest help. I have almost all his products. He taught me the importance of email follow-up. Yanik Silver, Jim Edwards and Stephen Pierce have great products that have educated me.
Terry: It is very important to have guidance from a qualified coach. What is your opinion on the best way to market products/services?
Michael: The best way to market your own products is through joint ventures. The JV is a partnership formed to share risks and rewards. For example, one person develops a product and another sells it for a percentage of the profits. This is usually 50% or higher. If I have an ebook on car repair, I'd go to other car websites and ask them to put a link to my website on their website.
Terry: The implied message is to use JVs to your advantage. Do you advertise in an ezine?
Michael: Yes! Paid ezine advertising is a great way to make money quickly. However, I would not sell a product in the ad. Instead, I would give away a free report in the ad and get prospects onto an email list. Sell to the list.
Terry: That makes sense. Build your list! Is it important to have a lot of money to spend when starting a marketing business?
Michael: No! The only thing you'll need is a good autoresponder. A website is a good resource but not mandatory if you have a good autoresponder.
Terry: OK! With regard to follow-up sales, how important is it to sell a back-end product/service?
Michael: Very. Why should you continually find only new customers and not profit from old ones? Also, back-end doesn't necessarily mean high-end. A very good back-end product would be a recurring billing program. One of the back-end products for my autoresponder ebook is the promotion of an autoresponder service. It pays $5 a month per member signup through me. This is monthly residual income.
Terry: Back-end sales are very nice. With that in mind, how often do you contact the individuals on your opt-in prospect list and customer list?
Michael: I publish a weekly newsletter to my newsletter list to keep me on their mind. Whenever I have a good offer, I contact my customer list. I don't want to keep bothering them unless I have an important announcement.
Terry: Quality versus quantity! How important is the promotion and sale of affiliate programs?
Michael: It's very important! The majority of my income comes from affiliate programs. Even if you have your own products, affiliate programs are a great way to earn extra profits.
Terry: The returns from promoting affiliate programs are worth the effort. What strategy do you employ with the affiliate programs you promote?
Michael: I promote programs at different price levels but not to just make money. The program has to be a good, something I can talk about and of interest to my list. If affiliate programs are going to be your main business, develop a free report to get prospects on your email list. Next, promote the affiliate programs in your newsletter.
Terry: Sounds simple enough! Do you recruit affiliates to sell your products/services?
Michael: Most of my product sales come from affiliates. However, you can't sit around and wait for affiliates to come to you. You must go out and actively recruit them. You want affiliates to have large email lists and credibility in your niche. Give these affiliates a free copy of your product and a large commission for each sale.
Terry: Results depend on successful recruiting. What do most Internet marketers do wrong in trying to build a successful business?
Michael: They forget the main purpose of Internet marketing! Find a hungry niche market and provide customers with good products. Some marketers get lost in the "hype" of the Internet and forget basic economic principles.
Terry: You have very thoughtful insight. Moving along. How can you tell if an affiliate program is legitimate?
Michael: I always buy the product before joining the affiliate program. If it's a good product it'll generally be a good affiliate program. Be cautious of any programs that focus more on selling than on the product itself. Troubles lie ahead if you have to pay to be in a program but have no clue about the product!
Terry: Know the product before committing to a program. How should a newcomer determine what field to pursue in Internet marketing?
Michael: Research a potential niche market carefully. Go to the website GoodKeywords.com and see how many people search your topic area. Select a niche area with high traffic.
Terry: Excellent recommendation! In your judgment, what are the most effective things a newcomer should do to develop an affiliate strategy?
Michael: Pick a strong niche market and 3 good affiliate programs to promote. The individual affiliate needs to brand themselves (i.e., take on a unique identity) and not the affiliate program.
Terry: Therefore, branding is critical! What key things would you recommend to a new Internet marketer to achieve financial success?
Michael: Concentrate on building a list! Learn from the people who have already succeeded. There's no shame in asking for help. Keep a cool head and have patience. Success won't come overnight but it will happen. Don't give up! You may be one failure away from success.
Terry: That is good positive encouragement for all marketers. Do you have any other comments you would like to add?
Michael: If you are a newbie, you have a long road ahead of you. However, the destination is worth the wait. Everything is a learning process. Remember the main objective is to solve someone's frustration. There was a person out there banging his keyboard in anger and trying to figure out autoresponders. My ebook solved his problem. Find a frustration and solve it! You'll be on your way to riches!
Terry: Michael, thank you very much for your valued inputs.
Copyright © 2003 F. Terrence Markle ? All Rights Reserved
FREE 7-Day Ultimate Affiliate Marketing eCourse at http://www.QuikSystems.com
About The Author
F. Terrence Markle has worked for over 20 years with public and private companies. He has an MBA in finance and marketing. He has been involved with internet-related businesses for over 3 years. His primary focus today is marketing of affiliate programs. terry@quiksystems.com
AP - President-elect Barack Obama intends to name Timothy Geithner, president of the New York Federal Reserve, as his treasury secretary to confront the nation's intense economic turmoil, senior Democratic officials said Friday.
AP - While President-elect Barack Obama publicly sidelined himself during congressional debate over an auto industry bailout this week, he and his top aides quietly prodded congressional leaders to find a solution to rescue struggling automakers.
AP - Gov. Dave Heineman signed into law Friday a bill adding a 30-day age limit to a safe-haven law that allowed 35 children — including teenagers as old as 17 — to be abandoned at state hospitals. The law, approved hours earlier by the Legislature in a 45-3 vote, goes into effect Saturday, and makes Nebraska the 14th state with a 30-day age cap. It had been the only state with a safe-haven law without an age limit.
AP - Germany is dropping its pursuit of a ban on Scientology after finding insufficient evidence of illegal activity, security officials said Friday.
AP - Defense Secretary Robert Gates said Friday he would like to add significant U.S. forces to the war in Afghanistan before national elections scheduled for next year, and that grim depictions of backsliding in the seven-year-old war are "far too pessimistic."
AP - Archaeologists have unearthed an elaborately decorated 1,800-year-old chariot sheathed in bronze at an ancient Thracian tomb in southeastern Bulgaria, the head of the excavation said Friday. "The lavishly ornamented four-wheel chariot dates back to the end of the second century A.D.," Veselin Ignatov told The Associated Press in a telephone interview from the site, near the southeastern village of Karanovo.
AP - The New York Knicks traded Zach Randolph and Jamal Crawford in separate deals Friday, parting with their two top scorers to free up coveted salary-cap space for the summer of 2010. Crawford was sent to Golden State for forward Al Harrington. Hours later, Randolph was shipped to the Los Angeles Clippers along with reserve guard Mardy Collins for Cuttino Mobley and Tim Thomas.
Reuters - President-elect Barack Obama on Friday moved toward nominating Timothy Geithner as Treasury secretary and charging the respected head of the New York Federal Reserve with helping pull the United States out of an economic nosedive.
Reuters - U.S. President-elect Barack Obama may consider Lawrence Summers as a successor to Federal Reserve Chairman Ben Bernanke, whose term expires in January 2010, a Democratic source told Reuters on Friday.
Reuters - Citigroup Inc has begun talks with the U.S. government as its plummeting share price raises doubts about the bank's ability to survive, a person familiar with the matter said.
Reuters - Detroit automakers began work on turnaround plans demanded by Congress in return for $25 billion in aid as General Motors Corp said it would cut production more and give up two of its controversial corporate jets.
Reuters - U.S. stocks stormed higher in a late rally on Friday to cap another volatile week as investors welcomed reports that President-elect Barack Obama has chosen his point person to combat the U.S. economic crisis, instilling confidence about the administration's ability to take action.
Reuters - The Pentagon is considering a plan to send more than 20,000 troops to Afghanistan over the next 12 to 18 months to help safeguard elections and quell rising Taliban violence, officials said on Friday.
Reuters - U.S. President George W. Bush held talks on ending North Korea's nuclear program with Chinese leader Hu Jintao on Friday, the first in a series of meetings U.S. officials hope will lead to a renewal of six-party talks by early December.
Reuters - Iran rejected Friday U.S. reports it had enriched enough uranium to make an atom bomb, saying this would require steps it had ruled out like ejecting U.N. inspectors and leaving the Non-Proliferation Treaty (NPT).
AFP - US President George W. Bush began Friday his last scheduled foreign trip, meeting the leader of increasingly important China ahead of a summit aimed at containing a spiraling financial crisis.
AFP - Congo demanded a stronger mandate for UN troops in the conflict-torn east Friday, while residents of a squalid refugee camp said government soldiers killed a woman during a looting spree.
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