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How To Turn A 30
cent Item In To Hundreds of Dollars
by Michael Ross, author,
direct marketer and consultant
"It
matters not how straight the gate,
how charged with punishments the scroll,
I am the master of my fate, I am the captain of my
soul."
What I'm going to reveal here today is what has become
known as the Magic Floppy! And the reason I am
revealing it is because I have had several requests from
people to tell them more. And where there are one or two
people asking questions, there are many more who would like to
know the answers but are too afraid to ask.
The basics of the magic floppy
are simple . . . you take a file you have written (text,
program, graphic, whatever) . . . encrypt the file so it
can't be read or used without knowing the password to unlock
it . . . put the now encrypted file on to a floppy disk . . .
send this encrypted floppy disk to prospects . . . receive
money in exchange for the password to unlock the disk.
Sounds pretty simple and easy
doesn't it? Well it is! And the best part is that you get paid
a lot of money for a cheap little floppy disk.
Does this method work? You bet
it does!!! I ran my promotion during the height of the Clinton
scandal and I was getting a 16% response rate (it was
actually more like 15.625% but 16% will do). That meant
that for every 100 letters I sent out I was getting 16 people
to give me money. I was selling my passwords for $39. So for
every 100 letters I sent out I was getting back $624.00 on
average (I say average because sometimes the response would
be as high as 27% and sometimes lower. It averaged out at
around 16%).
Okay . . . by now you are
surely wondering how I did it. And you most definitely would
like me to spill the beans wouldn't you? Well, Okay, since you
asked so nicely I will tell you what you need to know to make
your own magic floppy. And it's only going to cost you $200 .
. . no, I'm only kidding. Had you going there for a sec though
didn't I?
Onwards.
The ingredients you need to
make your own magic floppy are . . . 1: A file of some kind
which you want to sell (this can be a printed report which
you convert to a text file, electronic building plans,
programs you've written, and so on) . . . 2: An encryption
program to lock up the file/s you want to sell . . . 3: A
sales letter and other marketing devices . . . 4: A way to get
the names and addresses of people who may be interested in
your product . . . 5: The ability to process credit cards
would be handy but not entirely necessary . . . and 6: Some
money to get started.
Putting it all together:
Okay, first I'm going to assume
you already have a file of some kind you'd like to sell. Now
you need to encrypt it. The best program to use to encrypt
your file is something called Norton Secret Stuff. To get this
program go to http://www.download.com/
and search for Norton Secret Stuff. There will be only one
listing. And you will see that it will run on all platforms
and doesn't require the recipient of your disk to have it
installed - that's what's so good about it.
Next, write your sales
materials. In your sales letter make sure you tell the reader
that they already have the product - it's in the floppy disk
they are holding. And all they need to do to get access to it
is pay you for it. This is very important. They MUST know the
product they enquired about is already in their hands!!!
Next, run your ad/s or send
your postcards to generate a list of people to send your sales
letter to.
Send your sales letter AND an
encrypted floppy disk to the people who responded to your ad.
Wait for the orders to start
coming in. When they do, process them.
And that's it. You are now in
the magic floppy business. Simple isn't it?
Some notes about this from
MY experience . . .
- I have never received an
order from someone who gave their name as Mr Citizen or
Mrs Citizen (where Citizen represents the surname
they gave me). So I have never received an order from
someone who didn't want to give me their first name.
- My 16% response was on the
first mailing. I never did a second follow-up mailing even
though I should have. Had I done follow-up mailings it is
more than likely the overall response would have been much
higher.
- I only had a few people
re-request my letter for reasons of not having received
it. This hasn't happened under normal letter mailings
where nothing was included. I deduced that these people
did in fact receive my letter and were just after another
free floppy disk.
- When people called me for
the passwords I gave it to them right there and then over
the phone, after they gave me their credit card number. I
didn't authorize the card first. I trusted people's
honesty and I never had a card declined.
- As well as encrypted files
on the floppy I also had a readable file that restated
that the product they wanted was on the floppy disk but
was encrypted. I directed them to read the letter and then
call me to get the passwords.
- I took all calls myself even
though I do have a service that can do this. This gave me
an incite into the people who were calling. I was able to
know if kids were calling or adults. If kids called they
were informed that there was a price/fee involved and
asked if they were able to pay for things themselves.
'Yes' responses to this question were sent the material
and all bought.
- All files on the disk were
either in a text format or a windows write format. This
meant no-one needed any special software to read the
files.
- All the orders I received
came WITHIN 48 hours of the person receiving the letter. I
gave incentives to respond within 48 hours - a price
reduction (I raised the price so I could reduce it -
sneaky aren't I?) AND some extra stuff that I had
placed on the floppy which was also encrypted. The extra
items were reports I selected from a CD ROM I had with a
bunch of reports on them. But these types of reports, and
the rights to re-use them can now be found online for free
- if you search hard enough.
I could go on and on about using
magic floppies (telling all about the classified ad I used,
the sales letter, what I sent the people after they ordered in
the way of a thank you etc., etc.). But I see no need.
It's such a simple concept that is inexpensive to try that
there should be no excuse for you NOT to give it a go.
All in all, marketing using the
magic floppy technique works, and works well! The only other
thing left to say is...
Try this, it works!
May the success you achieve
be a direct result of the effort you put in!!
Michael Ross
Miros Designs Marketing.
About this author
Michael Ross is an australian
based author, product developer, direct marketer and
consultant.
Michael Ross is known for his
detailed and helpful advice on how to succeed in marketing.
Note:
Michael Ross' original web site is closed. I don't know if
it's permanently or temporily. Michael Ross recently told me
that he has more or less retired from the Internet. I'm sorry
for any inconvenience that this may cause you.
You can, however, still buy a
copy of Micael's book, "The Art of Leverage" by
going to this web site: http://artofleverage.cjb.net/
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