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SOWPub Business Forum Seeds of Wisdom Forum |
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#1
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Amen! One thing I've picked from here is the need to keep plodding on at the fundamentals, and letting the results take care of themselves. I also try to compare online "concepts" with the real world to help me see through some of the "solutions" being peddled today. For instance, if I owned a brick-and-mortar shop, I won't pay someone to send people who said they like my product to pass in front of my shop. Neither will I pay someone to get people to enter my shop, nor will I pay someone to take note of how long the prospects held my goods in their hands... Just goes to show that a lot of downright silly "business metrics" fog up people's thinking and keeps them from staying with the good ol' boring fundamentals |
#2
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Well, many businesses, of the brick and mortar variety pay for advertising, and keep track of metrics, but I get what you are saying. The four parts of the NPGS Formula are: Prospect Product Promotion Media Each has equal weight. I start there when evaluating a business' marketing. And even online. Who is the prospect. Where, how, when. How does the product work for them. What is the INTERSECTION I create for them. What media is used to best fit the prospect at the right time. Metrics are important, and with Internet Marketing, so much software available, it saves time, so we don't have to crunch the numbers, which is the reason computers took hold (in the form of calculators). Also, many Brick and Mortar types could improve and increase their business if they used metrics more than they currently do. In the last 40 years, I haven't yet found anything to beat the NPGS formula. But, I'm still looking. GordonJ |
#3
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I agree with you, if only they track the right kind of metrics. I still find it hard to see the value in such "vanity metrics" as "followers" and "Likes" and even "views". About the NPGS formula, I'm assuming the Promotion/INTERSECTION refers to maybe some kind of "bait" to attract the prospects. Any scientific method to craft a bait that's likely to draw the prospect into the funnel? Thank you |
#4
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Perhaps there is a scientific method, but the method that does work is...find a good converting product that pays a decent affiliate commission (or your own product). Search for forums on the topic you are selling, also Facebook groups...look for those posts that have lots of action on them...read them all...look for the common denominator (problem being experienced)....write a hotsheet on it (breaks their pre-occupation)...offer free to get them into your funnel ....in the hotsheet lead them to the product without hard sales by identifying with them and their needs (become them for a few minutes and use that tone and content in the lead up) |
#5
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I find this very helpful Thank you! |
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