{"id":9176,"date":"2011-10-31T20:24:19","date_gmt":"2011-11-01T01:24:19","guid":{"rendered":"http:\/\/www.dobermandan.com\/?p=9176"},"modified":"2013-04-01T22:48:11","modified_gmt":"2013-04-02T03:48:11","slug":"stupid-marketing-mistakes-ive-made-part-2-of-1001","status":"publish","type":"post","link":"https:\/\/www.dobermandan.com\/blog\/stupid-marketing-mistakes-ive-made-part-2-of-1001\/","title":{"rendered":"Stupid marketing mistakes I&#8217;ve made (Part 2 of 1,001)"},"content":{"rendered":"<p>Friday, 11:12 PM<\/p>\n<p>Dear Friend,<\/p>\n<p>I find it amusing when copywriters brag about their alleged successes on their websites.<\/p>\n<p>One copywriter was bragging about a 46% response rate he allegedly got from a lead gen piece he wrote for a client.<\/p>\n<p>Oh yeah&#8230; a measly 46%?<\/p>\n<p>Ha! That ain&#8217;t nothin&#8217;.<\/p>\n<p>I got a 100% response on a lead gen piece I wrote a few years ago.<\/p>\n<p>Yup, you read that right&#8230; <strong><em>100%!<\/em><\/strong><\/p>\n<p>When it was all said and done, guess how much cashola I eventually made from that 100% response.<\/p>\n<p>Go ahead, take a wild guess.<!--more--><\/p>\n<p style=\"text-align: center;\"><strong>None, nada, zip, a goose egg&#8230; ZERO!<\/strong><\/p>\n<p>So how impressed are ya NOW with my 100% response?<\/p>\n<p>You see, response rates don&#8217;t mean Jack Crap.<\/p>\n<p>Neither does how much traffic you&#8217;re getting to your website, how many mooches you&#8217;ve got on your freebie-seeker e-mail list&#8230; or any of that other stuff dumb rookie marketers brag about.<\/p>\n<p>The ONLY metrics that really matters are your ROI on your marketing dollars&#8230; and&#8230;<\/p>\n<p style=\"text-align: center;\"><strong>How much cashola are you making from the business<br \/>\nfor your greedy little self!<\/strong><\/p>\n<p>So bragging about response rates is kinda stupid.<\/p>\n<p>Here I was with a 100% response and going broke. And I know marketers getting a .28 response&#8230; and getting filthy stinkin&#8217;, honkin&#8217; rich.<\/p>\n<p>So let the clueless rookies brag about response rates. That stuff doesn&#8217;t impress a <a href=\"http:\/\/www.dobermandan.com\/joe-polishs-advice-to-copywriters\/\">&#8220;gun.&#8221;<\/a><\/p>\n<p>One other thing I&#8217;ve noticed about the plethora of copywriters coming out of the woodwork online nowadays. They never talk about their failures. They lead you to believe they&#8217;ve never had any.<\/p>\n<p>Hey, I&#8217;m the first to let you know I&#8217;ve picked a bunch of &#8220;whoopsy daisies&#8221; during my copywriting\/entrepreneurial journey&#8230; and I&#8217;m PROUD of my failures.<\/p>\n<p>When you&#8217;re swinging for the fences, you&#8217;re going to strike out most of the time. To break the world record for home runs, you&#8217;re gonna have to break the record for strike outs, too.<\/p>\n<p>I&#8217;ve lost MILLIONS of dollars (literally) of my OWN money making a bunch of mistakes with my OWN businesses&#8230; putting my OWN money where my mouth (and pen) is.<\/p>\n<p>But I don&#8217;t look at losing all that money as failure. I consider it&#8230;<\/p>\n<p style=\"text-align: center;\"><strong>A multi-million dollar investment<br \/>\nin my marketing education!<\/strong><\/p>\n<p>So yeah, I&#8217;m not the least bit embarrassed to share my mistakes. I&#8217;ve learned wayyyyy more from them than my successes.<\/p>\n<p>For example, here&#8217;s a doozy I made when I was still a rookie:<\/p>\n<p>I hit my first home run and started thinking I could do no wrong. (Typical arrogant rookie mistake.) I&#8217;d written a full-page magazine ad that was kicking complete booty in every single magazine I ran in. It was bringing in 3x to 5x ad cost on every insertion.<\/p>\n<p>BTW&#8230; back then I thought making 3x to 5x ad cost on a front end offer was a GOOD thing&#8230; a VERY good thing.<\/p>\n<p>Another stupid rookie mistake. I robbed myself of an absolute multi-million dollar fortune with that mindset. (But we talked about THAT in <a href=\"http:\/\/www.dobermandan.com\/stupid-marketing-mistakes-ive-made-part-1-of-1001\/\">Part 1<\/a>.)<\/p>\n<p>Anyhoo&#8230; my ad was so successful I started rolling it out in every media I had available in that market at the time.<\/p>\n<p><em>Penthouse<\/em> magazine saw my ad running in various bodybuilding and fitness magazines and started courting me for my business.<\/p>\n<p>They showed me all kinds of circulation statistics showing how many of their readers had a strong interest in fitness, were supplement buyers, other supplement companies were running ads, yadda yadda yadda.<\/p>\n<p>I believed them. I didn&#8217;t know any better.<\/p>\n<p>(NEVER believe any of the stuff in the magazines&#8217; media kits. They inflate their circulation numbers and make you believe every single one of their readers makes $200k+ a year and spends 10% of their income on whatever it is you&#8217;re selling.)<\/p>\n<p>Back then a full page ad in Penthouse was $45,000. (Thanks to the private banking cartel that committed the biggest fraud in the history of the world on December 24, 1913, that&#8217;s equal to about $90,000 in today&#8217;s dollars.)<\/p>\n<p>I did the best negotiation job I could and got the ad rep down to a test rate of $15,000&#8230; AND 30-day net terms.<\/p>\n<p>I was so successful with this ad in every other media, I assumed it was a given I&#8217;d get at LEAST 3 times ad costs&#8230; maybe more. So the minor little detail that I didn&#8217;t have the $15k didn&#8217;t seem like a problem.<\/p>\n<p>Ya know&#8230; it seems like every time I start thinking I can do no wrong, something humbles me.<\/p>\n<p>Since I had been rolling out so quickly, I was reinvesting every penny back into the business. I had a pretty big cash flow&#8230; but very little net.<\/p>\n<p>So it hit me pretty hard when that ad only grossed $4,700&#8230; and I was on the hook to Penthouse for $15,000 in 30 days.<\/p>\n<p>So I applied the same negotiation skills I used to get a $45k ad for $15k on net 30-day terms&#8230; and negotiated a payment plan for the balance I owed them.<\/p>\n<p>I felt like such a complete schmuck. (I&#8217;ve been told schmuck in Hebrew means &#8220;useless penis.&#8221; If that&#8217;s true, it&#8217;s a completely accurate description of how I felt at the time.)<\/p>\n<p>Now maybe to you, the lesson here seems quite obvious&#8230; but back in my rookie days I had never thought about it before this Penthouse incident.<\/p>\n<p>What&#8217;s the lesson?<\/p>\n<p>No matter how successful your copy is&#8230; and no matter how many different media you&#8217;ve successfully run in&#8230;<\/p>\n<p style=\"text-align: center;\"><strong>Every insertion in a new media is a new test!<\/strong><\/p>\n<p>Just because your copy is kicking booty in one magazine doesn&#8217;t mean it&#8217;s going to do as well in another.<\/p>\n<p>Just because your ad is doing great on one website doesn&#8217;t mean it will do great on another.<\/p>\n<p>Just because your copy is working well online doesn&#8217;t mean it&#8217;s gonna do well in an offline media. And vicey-versey.<\/p>\n<p>Capiche?<\/p>\n<p>My ad was pulling 3 to 5 times ad costs in about 6 or 7 magazines. I was SURE it would be a grand slam home run in <em>Penthouse<\/em>. And with their huge circulation, I was already counting the money and picking out which Mercedes I was going to buy.<\/p>\n<p>Seriously.<\/p>\n<p>But alas, no &#8220;winner, winner chicken dinner&#8221; for rookie DD.<\/p>\n<p>I didn&#8217;t think I was taking a big risk. I ASSumed my past success with that ad in other media guaranteed success in <em>Penthouse<\/em>, too. But in the end what I&#8217;d done was roll the dice with money I didn&#8217;t have.<\/p>\n<p>Hard lesson to learn&#8230; but I&#8217;ve never made that one again since.<\/p>\n<p>Make no mistake about it&#8230;<\/p>\n<p>You&#8217;ll learn MUCH more from your failures than your successes. So don&#8217;t be afraid of failure&#8230; because for every failure, you&#8217;re much closer to success.<\/p>\n<p>And trust your Uncle DD&#8230;<\/p>\n<p>Just one success can make up for all the failures&#8230; 1,000-fold.<\/p>\n<p>All the best,<br \/>\n<a href=\"http:\/\/www.dobermandan.com\/wp-content\/uploads\/2009\/05\/dobedansig_sm7.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-47\" title=\"dobedansig_sm7\" alt=\"\" src=\"http:\/\/www.dobermandan.com\/wp-content\/uploads\/2009\/05\/dobedansig_sm7.jpg\" width=\"150\" height=\"74\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This was a HUGE epiphany that saved and made me a LOT of money.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[3,6,5,49,1],"tags":[1282,1275,935,290,1023,1269,102,1279,1271,170,1278,324,1296,818,866,2353,1277,270,2358,890,1266,1274,1273,1265,1270,88,333,105,1272,1142,1276,412,1293,603,1295,397,1263,1267,285,1281,1025,657,243,1264,1294,380,1297],"class_list":{"0":"post-9176","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-copywriting","7":"category-offline-marketing","8":"category-online-marketing","9":"category-space-ads","10":"category-uncategorized","11":"tag-audios","12":"tag-boatload","13":"tag-cashola","14":"tag-copywriter","15":"tag-crap","16":"tag-daisies","17":"tag-dear-friend","18":"tag-decade","19":"tag-dollar-investment","20":"tag-e-mail","21":"tag-entrepreneurial-journey","22":"tag-failure","23":"tag-fences","24":"tag-freelancer","25":"tag-gals","26":"tag-gary-halbert","27":"tag-goose-egg","28":"tag-guess","29":"tag-gurus","30":"tag-hell","31":"tag-how-much-money","32":"tag-investment-education","33":"tag-investment-marketing","34":"tag-lead","35":"tag-lost","36":"tag-lt","37":"tag-mail-list","38":"tag-marketers","39":"tag-marketing-education","40":"tag-marketing-mistakes","41":"tag-measly","42":"tag-mentor","43":"tag-metrics","44":"tag-nbsp","45":"tag-occasions","46":"tag-plethora","47":"tag-response-rate","48":"tag-response-rates","49":"tag-rookies","50":"tag-root-canal","51":"tag-shingle","52":"tag-stuff","53":"tag-stupid","54":"tag-successes","55":"tag-tendency","56":"tag-woodwork","57":"tag-world-record"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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