In This Issue…
The Curse of Perry Marshall
Executive Board Room Kindergarten
$500,000 Business on a Card Table
$30K Sales from a $12 of Advertising Expense
The Difference Between Professional and Corporate
Marketing When You’ve Got a ZERO Budget
Terence Dove is a new member in the UK who operates a transportation company. He sent me this email just the other day:
To: Perry Marshall
From: Terence Dove
Re: The Curse of Perry Marshall
Perry, your marketing system is great and everything but have you ever thought of how you can mess peoples heads up!!!!!!
Advertising is everywhere, most people ignore most of it and can get on with their day. I used to be one of those people before I got the system. Now I cant ignore any advertising at all. I am tormented, I look at every ad and think “that doesn’t work, they should do it this way, maybe if they wrote blah blah”. I cant even walk into a store without checking ALL the headlines on the magazine shelves and just last night, in the pub, I realised how deadly this curse really is.
I was getting pretty drunk with a few friends and needed to visit the gents (the bathroom). So, like i say advertising is everywhere, and in this place they have A4 size ads at head height above each individual urinal.
Thats great space because you have to read it, you cant look anywhere else. Anyway I read the ad, selling personalised license plates, thinking this ad is crap, its just a list of example license plates that don’t apply to me, maybe if they wrote etc etc.
So i finished, washed my hands and then the curse really kicked in…..I returned to the urinal and stood there, studying the ad with my hands on my hips thinking of how to improve it!!! There are guys walking in and out of the bathroom wondering ‘what the hell is that crazy man doing, he’s been standing in front of that pisser for ages, staring at the wall’. I only snapped out of it when one guy actually asked me if i was ok!!
So, for heavens sake, you must include a warning with your toolkit like “Warning: Using this system may cause you to embarrass yourself in public places”.
regards
Terence Dove
P.S. Hey, I just thought, even as I write this “I have just written a great article for Perry- damn, what a great headline- the curse of Perry Marshall”.. AAAARGH I’m doing it now, this curse is too much. I was very moved by this note, and wanted to console him. So I sent him this reply:
Dear Terence,
Thank you for your touching story of angst and advertising dysfunction. I feel your pain – really, I do. But you’ll eventually adjust to seeing stupid advertising everywhere and accept it as part of the ugly reality of life – besides, the money you’re making from your own efforts will console you and calm your troubled spirit.
Yours Truly,
Perry Marshall
Now that Terence recognizes good advertising when he sees it, he knows that most of the rest of the folks in ad-world are clueless.
Never forget this:
Ignorance is bliss, but you can’t un-learn a truth.
To the uninitiated – to people who haven’t spent time sitting in board rooms, listening to executives pontificate about what they think is going on inside their companies – the business world appears to be sophisticated, savvy, and populated by very, very smart people.
Lee Iacocca had a different point of view:
“If you make believe that ten guys in pin-striped suits are back in a kindergarten class playing with building blocks, you’ll get a rough picture of what life in a corporation is like. Grown men in a meeting will do anything — absolutely anything — to avoid being shown up. If someone doesn’t know the facts about a subject, he’ll ad-lib, just like a kid.”
Once you become informed and truly, genuinely competent in even just one aspect of running a business – management, marketing, advertising, finance, operations, quality control, whatever – you’ll start to see that most people in business are posers. They just bluff their way through everything.
That’s how ad agencies stay afloat, folks. They don’t really know what they’re doing – I repeat, they really don’t know what they’re doing. Because if ad agencies did know what they’re doing, they would advertise, too.
They just sound like they know what they’re doing. Their real job is to stroke the egos of insecure posers, not to bring in new customers. The ad agency business, and all their self-centered puffery, exists for the purpose of stroking executive egos. The ads you see in magazines and on TV are what VIP’s want to see, not what customers want to see.
One time I sat in on a board of directors meeting – something I wasn’t normally privy to – and listened to my boss spew out a sales forecast that bore no resemblance to reality whatsoever.
Reality is no match for a good fantasy.
I mentioned to someone that what he was telling the board was grossly inaccurate. The reply:
“Nobody really cares about the details as long as he’s making his numbers.”
That’s par for the course, folks.
Within a corporation, one of the ruling forces is paranoia. Paranoia that somebody’s about to stab you in the back, paranoia that the employees are walking out the back door with your stash, paranoia that somebody knows more than you. And in the corporate world, all of those fears are valid.
But in the entrepreneurial world, a different form of paranoia is needed: Paranoia that you don’t know what you think you know, that the assumptions you’re making about your customers are wrong, paranoia that the things you’re investing in may not be the things that really pay off. One of the keys to success in direct marketing is being aware of what your assumptions are – and questioning everything that hasn’t been proved.
That kind of thinking doesn’t work too well in boardrooms, but it’s enormously profitable when results truly matter.
I know several people running businesses out of their spare bedrooms that make more money than most executives – in some cases, more money than entire companies. Yanik Silver, who wrote a couple of chapters for my marketing toolkit, made over $500,000 last year selling e-books. He spent the summer on the beach in Southern California, because his business is completely portable. He runs that business ‘on a card table’ with the help of his wife, Melissa.
The reason his income is comparable to Amazon.com’s, but with none of the warehouses, debts, shareholder meetings or political nonsense, is that he’s very focused on making his business support his lifestyle. Yanik is a hard-core direct marketing fundamentalist. He’s got a big pile of marketing books written between 1890 and 1930, a period when advertising was characterized by ruthless pragmatism.
He knows his customer base. He doesn’t try new ideas, he recycles old ones. He doesn’t lay new track, he runs the same train over the existing track as many times as he can.