Posts Tagged ‘Edison House’

Best way to stay financially comfortable? Sell information

Saturday, June 13th, 2009

I read the news today, oh boy.  Social security's not giving a cost of living increase in 2010.  First time this has happened in many years.  Warren Buffett and others warn of impending inflation, which means things will start costing even more.  Almost everyone's stock portfolio and 401k is down at least 40%.

Info products in hand 0109 There's no use debating this ugly news.  Best advice:  start mitigating the damage and minimizing your risk.  The fastest, low-cost way I know to do this is to sell information.

If you're good at something–and who isn't?–your expertise will no doubt be very useful to others. 

Digital information products such as e-books, audio programs and video cost almost nothing to create and can have as much as a 400% markup.  Customers are happy to pay your price as long as you provide value in the way of quality content. 

Don't panic about your lack of money.  Don't worry.  Don't complain.  instead, spend a couple hours a week creating a 30-page e-book and use the Internet to market it.  Anyone can do this.  I now have over 75 information products, including several that pay the rent every month. 

Good luck!

Business travel is always good for your company

Wednesday, June 3rd, 2009

I'd like to speak out on behalf of business trips. 

Thanks to American International Group (AIG) and a slew of other party animals, the business trip has gotten a bad name.  So, allow me to remind everyone of what we thought of business trips before the fog of economic despair and bitterness set over the land.

First, know that most business trips, while interesting and fun, often involve horrendously long hours.  Workshops, breakout sessions and three-hour dinners aren't most peoples' idea of a good time. 

To get to the event location, attendees with families must usually jump through all kinds of logistical hoops, including the procurement of a long-term babysitter, long-term parking and a relatively long-term seat next to an unusual person on an airplane. 

True, business trips are usually held in nice places with palm trees and nice hotels, but why should the most successful employees (those who are invited to off-site meetings) be subjected to sub-standard or uncomfortable accommodations? 

Second, the overwhelming majority of business trips are not over-the-top boondoggles.  Such outings are planned by rational, honest meeting planners, who are working with a reasonable budget. 

We do business meeting because they work.  In fact, they more than pay for themselves over time.  No amount of teleconferences, webinars, Skyping or Twittering will ever replace the spark and the energy of meeting with like-minded business associates. 

Here's my point.  Even during slow economic times, it makes no sense to cancel all business travel until further notice.

I've recently returned from keynoting a textile trade show in the Bahamas and promise you the meeeting agenda was serious and ambitious.  The meeting was attended by some of the hardest-working business leaders in the country.  

True, many of them brought their significant others to the islands and thought of the trip as a working vacation or a "vacation with purpose."  I think that's a smart way to travel for business. 

What do you think? 

-Michael Angelo Caruso, http://www.EdisonHouse.com

Make it easy for people to compliment you/your biz

Monday, May 25th, 2009

Composed in Nashville, Tennessee-

You are aware that compliments about you and your business make you feel good.  But these types of compliments also make your customers and prospects feel good.

Endorsements and third-party testimonials are vital to business growth.  In the old days, a person asked a satisfied customer to send a letter of recommendation.  Then, the letter had to be properly typeset, keylined and reproduced so other folks could see it. 

Today there are three easy ways to use testimonials.  You should be using them all.

First, you can have someone post a recommendation to the Internet on a site such as Linkedin.  You can ask the person to revise what they write, but I recommend not trying to micromanage the process.  Instead, work on collecting dozens of testimonials. 

Here's a recommendation that someone posted for me a while back.

"Michael Angelo was one of the speakers at the Motor City Connect conference. His practical advice about business development really resonated with me. I look forward to utilizing many of his suggested techniques."   Val Main, Client Service Director, Resources Global Professionals, Detroit, Michigan via Linkedin

The second thing you can do with recommendations is copy-and-paste them to other Web sites.  My Linkedin network consists of several hundred connections, but my Facebook page has several thousand connections.  So, I often re-post the testimonial where more people will see it.

Finally, you can paste a recommendation into your e-mail signature file.  I usually add it as post script or P.S. and introduce the testimonial as my favorite compliment of the week. 

Don't be shy about promoting your business, especially now that it's easier than ever to do so.

Wanna be a big thinker? Stop thinking like others

Friday, May 22nd, 2009

Every problem creates an opportunity, eh, Michael?

 

If that's true, the world's current spate of problems are presenting us with a treasure chest of happy options.

 

If better times are ahead (and they most certainly are), the challenge lies in being able to think big, even as everything we know gets smaller.

 

But, how on earth can one "think big" when:

 

-  Customers are spending less money?

-  Credit lines are being reduced?

-  Work forces are being down-sized/right-sized?

-  401ks and portfolios are being halved?

-  Family budgets are becoming smaller?

-  Job markets are shrinking?

-  Revenues are down?

 

 

The secret to thinking big–now or anytime–is to stop thinking the way most people think. 

 

You see, most people are average and average people don't actively spend time or energy thinking big.  In fact, average people don't think much at all.  Most people, as you know, are creatures of habit who develop daily routines that are rather automatic.

 

Years ago, we used the word "groove" as in "groovy" to describe a situation where everything is great, as in a comfortable routine.  Of course, over time a groove can easily become a rut and then thinking big becomes quite difficult.  

 

To shake yourself from this kind of situation, you must spend some time with people who don't think like average people.

 

I seek out quality time with Stephen Covey, Tony Robbins, Alex Mandossian and my brother Joe Caruso.  It's true that this quality time is usually spent reading their listening to their terrific audio CDs and reading their great books, but I've also had the pleasure of meeting the above four gentlemen on many different occasions.  

 

I met Joe the day he was born!

———————————————–

Listen in when I interview my brother, Joe Caruso, on the art of thinking big, Wednesday, June 3 at 4 PM ET.

 

Joe Caruso is an author, a consultant, a professional speaker and an idea man.  On June 3, Joe and I are going to have some fun with the subject of how to think big.

 

Own the 60-minute audio CD, which is packed with useful info and either way, you'll add valuable tools to your skill set.  I promise practical advice you can use forever. 

 

Who will benefit from this program? 

 

  -  Marketers

  -  C-level executives

  -  Salespeople

  -  Customer service representatives

  -  Entreprenuers

  -  Creative types, authors and speakers

 

Order the 60-minute audio CD recording; listen whenever you'd like; add the CD to your corporate library;

share with others.

E-newsletters are the cheapest, most effective way to market your biz

Tuesday, May 12th, 2009

Composed in Sarasota, Florida-

Thanks to the advent of desktop publishing and the Internet, there are many ways you can market yourself and your business for little to no money.  All you need is a delivery system.

I now teach this in a five-phone call telecourse called, E-newsletters–The Best Way to Keep Prospects Close and Customers Closer.  Here's an abbreviated version of the syllabus:

Syllabus

Call #1 – Introduction, overview, identifying your "forehand," the power of information marketing, developing a delivery system, I answer your questions.

Call #2 – Your Internet presence, promoting your e-newsletter from your Web site, blog and via social media sites such as Facebook, LinkedIn and Twitter.  And I answer your questions.

Call #3 – Creating content and value, how to never be without great articles and graphics for your e-newsletters.  Non-technical advice on how to beat spam filters and improve click-through rates.  making your e-newsletter a revenue center.  Oh, and I answer your questions.  

Call #4 – How to repurpose your content to create information products such as e-books, audio programs, video programs and seminars–all of which promote your business.  And surprise!  At the end of this call, I answer your questions.

Call #5 – The final call is the capstone course and summary.  I'll review what we've learned, suggest what you should do next and I answer your questions.

Many attendees publish their first e-newsletter before the class is even complete!  Pretty impressive!!  This e-newsletter course rocks, if I do say so myself.  You will love this telecourse by the second session or I will refund your money.     -Michael Angelo Caruso, http://www.EdisonHouse.com

When selling, sympathy costs money, but empathy makes money

Tuesday, April 21st, 2009

I was recently talking with a client about empathy.  We were planning a training event for his young store managers and he wanted them to know more about how to relate to customers and prospects. 

As we discussed the content of the program, we began to consider the difference between sympathy and empathy.  My client contributed something he had learned about sympathy.  "When it come to business," he said, "Sympathy costs money." 

His point was that feeling sorry for a customer might lead to a soft-hearted discount or unusually generous consideration.  

I added that empathy or having the ability to share a customer's feelings can build rapport that leads to a larger sale or more sales.

So, when it comes to selling, sympathy costs your company money, but empathy makes your company money. 

Your “dist list” makes everything happen

Saturday, March 21st, 2009

Michael Angelo Caruso Internet marketingEvery company should have an information data base, agreed?

The data base should specifically contain a list of e-mails.

The e-mails should be for active customers, prospects, vendors and other business partners, members of the media, and other people interested in receiving quality information about your industry.  It’s okay if these five market segments are intermingled, but you should have a way to filter, if necessary.

Still with me?
 

Size kind of matters

The quality of the list is important.  Bigger isn’t always better, but you must have plenty of e-mail addresses that are associated with quality prospects.  That’s because you’re going to use the list to send e-mail campaigns, deliver a newsletter, sell products and services, and make other offers.

As you get to know your customer base better, you’ll learn to more accurately predict success.  For example, you’ll learn that, all things being equal, when you send an e-mail to 100 people, that around five people will buy something.  Results will vary, but this why the size of your list is important.

Michael Angelo Caruso FastLearnerAudio4 growing your businessThere are many ways to build a list.  The most obvious method is to simply have people opt-in to your list via your company website.  I discuss how to do this and the finer points of list-building in FastLearnerAudio4 for Growing Your Business.

See how I collect e-mails 24×7 on my website at www.MichaelAngeloCaruso.com and while you’re there, grab the free report.

Use e-newsletters to market your business; they work like magic

Wednesday, March 11th, 2009

Posted from Sarasota, FL-

Without a doubt, e-newsletters are the most cost-effective way to market your business.  I can't think of a company that wouldn't benefit from this technique.  My company, Edison House is built on the success of my "5 Cool Ideas" newsletter. 

E-newsletters are remarkable easy, if you know what you're doing.  My telecourse for creating an e-newsletter starts next Tuesday, March 17 and you're welcome to register.  We'll cover a lot of ground in just five one-hour phone calls.  Here's the agenda:

Lesson 1:  E-Newsletter Basics
Get-to-know
I interview you or your representative
Discuss goals
Cover course parameters
Overview of publishing e-newsletters including, using a professional mailer, the
     importance of a list, e-mail laws, look at a few samples online together
I

What to charge for speaking engagements

Thursday, February 26th, 2009

Crowd laughing in Portsmouth 1008 crpd Speaking for money is a great way to go.  Unlike the manufacturing and retail industries, a speaker can pretty much name her own price. 

If you are getting started as a speaker and can't decide what to charge, here are some tips.  Remember, a speaker doesn't base his or her price on cost of goods sold.  Rather, a speaker fee is usually based on what the market will bear.  But, if you're new to the game, how do you know the answer to that question?

It should be fairly easy to compare yourself to similar speakers and people who speak at similar events.  Try to attend events where these other people speak so you can gauge your content compared to theirs.

When someone calls to inquire about your fee, delay giving it to them.  Say something like, "I'd love to give you a fair price.  First, please tell me more about your event."

Ask if they have had a speaker at last year's event and if so, who?   This may be an indicator of how much money they have to pay you.  Ask how much money they've have budgeted for a speaker.  Get as much information as possible before quoting your fee.  More rules of thumb:

-  If they have no budget, speak for a stipend and "soft money" benefits like a video recording of your speech or some sort of barter trade.

-  If you can't determine the client's budget, quote a fee based on how many people are attending the event.  If you're just starting out, quote at least $1,000 for speaking to 50 people.  For 100 people, quote $2,000 and for 200 people, quote at least $3,000.

-  Try to not price yourself out of the gig by saying something like, "I'll do my best to work with your budget."

-  Never quote a fee without giving a benefit.

 

For more information on speaking and how it can work for you, consult my 30-page e-book, The Lifestyle of a Speaker/Author.  It's part of my FastLearnerAudio4 program for entreprenuers.

Would Lincoln have used a Mac or a PC?

Tuesday, February 17th, 2009

Abraham Lincoln bust The current U.S. President has much in common with
Abraham Lincoln.  Both were first-term senators when
they were elected to the Presidency.  Both are from
Illionois.  But, President Obama loves his Blackberry
and he effectively used social media sites during his
campaign.  Lincoln used a metal point pen.  In honor
of President's day this week, here are 5 Cool Ideas
on how Lincoln would have used a computer.

1.  Some debates about the computer will never end.
Would Abe have preferred a Mac or a PC?  Lincoln was
a man of letters, but might have enjoyed the Mac for its
superiority with video formats and its secure operating
system.

Stephen A. Douglass bust 2.  Video is the best way to get the word out. 
Using YouTube and the power of video, Lincoln probably
wouldn't have needed seven debates to trounce Stephen
A. Douglas during their senatorial race in 1858.

———————————————–

Want to use Facebook, LinkedIn and Twitter to increase
profits?  Attend my "Using Social Media to Amp Up Your
Business" teleseminar March 18, 2009

It's official.  Workers are now using social media sites like
Facebook (FB), LinkedIn (LI) and Twitter (TWR) to bring in 
customers.  Get involved now or risk being left behind.  Learn
how to get people to pay attention, then do business with you.
My "Using Social Media to Amp Up Your Business teleseminar,"
is Monday, March 18 at 4:00 PM ET. 

As always, you may attend the lively one-hour teleseminar
or own the 60-minute audio CD.  Both are packed with useful
info and either way, you'll add valuable tools to your skill set. 

I promise practical advice you can use forever.  Learn to:

-  Use in-direct marketing, the new direct approach
-  Brand your product or service on LinkedIn 
-  Use a hidden Facebook feature for no-cost marketing
-  Quickly build a network without offending
-  Monetize FB and LI without increasing your ad budget
-  Drive traffic to your company Web site 
-  Profit by repurposing content on multiple sites
-  Employ time-saving posting and "tweeting" strategies
-  Increase sales in as few as 90 days
-  Get others (even strangers) to promote your company
-  Enjoy referral selling using a concept called "social proof"

Register for the teleseminar, held Monday, February 9 from
4:00 PM to 5:00 PM ET and benefit from live Q&A; invite your
boss to attend; send an associate this invitation                      

 or

Order the 60-minute audio CD on the subject; listen whenever
you'd like, as many times as you'd like; share with others

—————————————-

3.  You don't need Powerpoint to leave a lasting impression. 
Lincoln didn't need Powerpoint to deliver his Gettysburg address.
Elegant and brief, the 272-word speech was given without a bullet
points, a fancy handout or even a microphone.  A man named
Edward Everett spoke for two hours prior to Lincoln on that November
day in 1863.  No one remembers a thing he said.  Lincoln spoke for
two minutes and made history.

4.  The computer can save lives.
There's no telling how much sooner the Civil War would have ended,
if Lincoln has used e-mail to communicate with his Generals. 

5.  The computer is a very helpful search tool.
It took authorities 12 days to hunt down Lincoln's assassin.  In the
Computer Age, photographs and video of John Wilkes Booth would
have been widely circulated via the I'net.  We can learn from history. 

If Lincoln could