Marty
Foley, publisher of ProfitInfo Email Newsletter, interviews
Internet marketing guru Corey Rudl. For many savvy online
entrepreneurs, Corey needs no introduction.
[Marty]:
Corey, as one who has been extremely successful as an online
marketer, please tell us how you got started using the Internet
as a marketing tool.
[Corey]:
I started marketing online in the fall of 1994. It was quite
a fluke. In my course, I explain that we published my book,
"Car Secrets Revealed", and started selling it offline. The
results were pathetic. We thought we had a winning formula
and it was barely breaking even. I spent about $20,000 offline
trying to promote it... and it flopped.
I took
the advice of a friend who was setting up an automotive site
on the net and he helped me get a very simple web page online.
I saw a few sales trickle in and then took more interest in
it, promoting the book online in my spare time.
[Marty]:
What are some of the online ventures you are involved in?
[Corey]:
I own four different businesses that now generate over $2,600,000
in online sales every year. I have interests in many other
online projects, as I have done work for clients for a portion
of the profits I generate. I also have a clientele base that
hires me for online business advice at $2,790 per hour.
[Marty]:
Your book "Car Secrets Revealed" has done very well for you
online. Can you give some details on it?
[Corey]:
Car Secrets Revealed was my first success on the net. Within
9 months of truly starting to promote it heavily, it became
the #1 best selling car book online (using the unique promotional
techniques I teach). It generated over $140,000 in net profit
in those months. To this day (almost 3 years later), it is
still the #1 best selling car book on the Internet.
The site
is at http://www.carsecrets.com/ if you want to check it out.
Everything I put on the page and everything I say is there
for a reason... We have tried many different web page designs
and concepts, and this one works the best (I explain why in
my Internet Marketing course at: http://www.marketingtips.com.
I can't explain it here, as it would fill up about 20 pages
to cover just the details on that topic alone).
[Marty]:
You were recently on the Maury Povich TV show in connection
with your businesses. Can you recap for those of us who missed
it?
[Corey]:
There is not much to say. Basically, because of my exposure
on the Internet and having the #1 best selling car book online,
they found me through the net and invited me to appear on
the show as their "car expert" to explain a few tips and secrets
to their viewing audience on car buying and the shams and
scams with car repairs. It was a good interview, but what
a long flight back... 10 hours on a plane. Whew!
[Marty]:
How long did it take your first online venture to start making
a profit?
[Corey]:
The first month the sales trickled in, so I technically made
a profit within 30 days... but nothing to live off. Since
I was one of the first group of commercial businesses online...
there was a lot of "trying everything", so it took me almost
18 months before I started to see a full-time income. I spent
literally 12-14 hours a day, 7 days a week trying different
techniques, copy, and ideas online. Now that I know most every
trick and tip there is, I can literally take almost any business
online and make it turn a very healthy profit in a few months.
As more
and more people got online, many of the standard marketing
techniques were getting overused and becoming ineffective...
so I developed "twists" to most of them to ensure they still
made a profit when everyone was using the "regular"approaches
to online marketing. The results: the techniques I use to
market online are unique.
[Marty]:
How did you learn about what it takes to succeed?
[Corey]:
At first a lot of trial and error. I took a lot of the concepts
and ideas I got from the very expensive seminars I used to
attend and material I bought (I was a Jay Abraham, Mike Enlow
and Ted Nicholas fan, and most of their seminars were $7000
and up.) I took those ideas - and with a little ingenuity
and creativity - adapted them to the net (while in the midst
of developing my own winning formulae for online success).
I came up with formulae that work like wildfire online.
[Marty]:
I recognize the names of those other well-known direct marketers
who you have learned from. It's apparent that your formulae
work. Which avenues are paying off the best for you?
[Corey]:
I have never had an online business that *has not* made a
very healthy profit. As I mentioned, my four online businesses
combined now generate over $2,600,000 in sales online per
year! And the beauty of it is that I started it myself as
a one-man operation. I now have had to hire five employees
to take care of the paper work and customer service... but
have you ever heard of a retail business that has 2.6 million
dollars in sales with only a few employees? No! They have
at least 15-20 employees. That is the beauty of the net: you
can automate everything so your overhead is incredibly low.
[Marty]:
What specific types of online tools are you using successfully?
[Corey]:
That is a very difficult question to answer, because there
is no one tool that is responsible for making me a fortune
online.
My techniques
show you how to generate multiple small streams of income,
and then automate those streams of income so you can move
to the next. Let me explain...
I would
teach you a marketing technique that will make you $1000 a
month in net profit. You then automate that so it generates
that $1000 whether you are there or not. You then move on
to the next marketing technique, and it makes you $1500 a
month. And once that is in place (which takes you about 2-3
weeks), you automate it and move on to the next technique,
and so on.
The concept
here is that you are making small streams of income from many
different directions (all of which are automated)... but if
you add up those streams of income you are looking at $10,000
to $15,000 a month in net profit, which is over $100,000 a
year. The best part is that if one technique fails because
something on the net changes, you don't have to worry; you
still have other streams of income that are making you money
every month.
[Marty]:
Do you do all of your business online, or do your online marketing
efforts supplement your off-line business efforts?
[Corey]:
100% online. I am a specialist at online sales and marketing.
I have become one of the most respected online marketers on
the Internet... and for good reason: I can prove my successes.
If someone asks me to help them with their magazine advertising,
I simply tell them that there are better people than me out
there for offline marketing and they should see them instead.
I do what I do best... and that is online marketing, so I
concentrate *all* my efforts on that!
[Marty]:
What mistakes have you made?
[Corey]:
There are so many, I would fill up your entire newsletter
listing them. Let me just say that I have wasted hundreds
of thousands of dollars trying techniques that did not work
(but from every one I learned something very important). But
that is the "price of education" as I say.
[Marty]:
What major mistakes do you see other Internet entrepreneurs
make?
[Corey]:
There are a lot of them and I discuss them in great detail
in the course, but I will briefly mention a few here.
- Having
an ineffective web site that does not turn visitors into
sales. This is a very tricky thing to do (that most people
do not understand), and I devote a lot of time in my course
in how to make a web site profitable.
- Putting
all your eggs in one basket. Trying one technique and thinking
it will make you a fortune. You need to diversify your marketing
efforts into different promotions to see which ones pull
the most net profit, and then concentrate on those.
- Having
a poor "sales process" in the marketing campaign. That is
the manner in which you interest the client into coming
to your site, then lead him into a good rapport with yourself,
and then - and only then - asking for the order. Most people
break the link at some point and lose the sale. That is
why most sites only see one sale out of every 200-400 visitors
(and some even worse).
[Marty]:
Are there any other tips or suggestions you would like to
give others who want to profit from the Internet?
[Corey]:
Research, research, research.... Read/study everything you
can on online marketing and learn about it before you jump
in. For example, I hear stories every day about people that
"heard" bulk emailing was very profitable. They may spend
$1000 on the different software, only to find out they were
doing it very ineffectively (for example, indiscriminately
spamming, rather than ethically using bulk opt-in email) and
don't make a single cent.
Then
there are other stories of online success with MLM... people
spend months using the wrong techniques and end up not making
a penny. The list just goes on and on.
Make
sure you understand what you are getting into with any business
online so that your first attempt will be your success!
[Marty]:
I agree, Corey. Too many are trying to "reinvent the wheel"
instead of learning how others before them have achieved success.
I like the way Benjamin Franklin put it, when he said: "An
investment in knowledge always pays the best interest." Thanks
for letting me interview you, Corey.
Corey
Rudl gets over 2 million visitors to his websites yearly,
does 2.6 million dollars in sales online each year (yes, that
is $2,600,000), and personally makes hundreds of thousands
of dollars from his online businesses... all from his one
small office. So listen to what he has to say as he knows
what he is talking about when it comes to starting and promoting
a business on the internet. Visit his site at Internet
Marketing Center® where he reveals all his unconventional
tips, tricks and techniques with examples so you can learn
the most efficient and fastest ways to make money on the internet.