How to Lose Money on a Product… and Increase Your Profitability

Yeah, you read that headline right. Today, I’m going to show you a concept I learned in my business capstone class… Where you lose money on a product, yet, when done right, your profits actually increase. Let’s get right into it. Loss Leaders A loss leader is a product you price so low that you…

The One Most Important Thing I Learned at Copy Chief Live

Last week was my first ever Copy Chief Live. Well, it was virtual. Haven’t been to my first LIVE Live yet. But it was packed full of great presentations. I enjoyed all the ones I could make it to, but a few stood out as my favorites. One was the Freelancer Finances presentation. Being an…

How to Set Yourself From the Competition and Make More Sales… Even If You’re Nearly Identical to Them

So, you’re in a “saturated” niche. Everyone’s selling the same kind of product, making the same claims, using all manner of confusing or annoying jargon… You’d hate to copy them and throw generic copy on your own website, but is there any other option? Actually, yes. You can stand out from your competitors, even if…

Which Part of Your Funnel Should You Optimize First?

Funnels are nice. You create them once, then let them do their thing — sell to your customer on autopilot. Well, not indefinitely. You can always squeeze a little more revenue out of your funnel. You can always nudge your click-throughs on that email sequence just a tiny bit higher. You can always keep your…

How Many Lead Magnets Should You Have?

The humble lead magnet is invaluable to your marketing if you believe in email. Which you should, of course. But anyway, many people have 1 lead magnet… but no more than that. I’m here to tell you that if that’s you, you’re missing out. You could make some more lead magnets to great benefit. But…

4 Simple “Revenue Leaks” In Your Business and How to Fix Them

What if I told you… Your business was leaking revenue like a burst pipe? It’s true — at least if you’re missing a few key elements within your funnels. Making these rather simple fixes could potentially earn you a healthy chunk of change on autopilot. Read on to learn more: 1. Automated Email Sequences Automated…

How to Create REAL Urgency and Scarcity When Selling Digital Products

People want what they can’t have. Thus, urgency and scarcity (arguably a type of urgency) are time-tested tactics for nabbing extra sales… When it’s not scammy or dishonest, of course. And that’s where physical products have an advantage over digital ones. You can sell out of physical product inventory if it’s hot. You can intentionally…

Mindset Shift: Your Business’s Most Important Asset

I’ve always been a numbers nerd and a personal finance person. I studied accounting in college (sorry, I can’t do your taxes). I “get” money, investing, returns, and all that jazz. As a businessperson, you probably grasp it as well. And if you think you don’t, trust me: You at least grasp it marginally better…

A Great “Hidden Gem” of Market Research And Copy Ideation

At the heart of any offer and/or promotion lies market research. If you don’t know your customer well, you don’t know how to sell to them. So if you can get your hands on more sources of customer data and information, it follows that you can potentially make more money. With that said, here’s a…