Hard Realities About Social Profit Formulas And Online Marketing

Ready for some hard realities?

In prepping for the live Podcast Secrets presentation tonight (the topic – OffCasting – getting people off of you content and into your marketing funnel), I realized I had some killer numbers of what’s happening/working RIGHT NOW to share with my students because of my Social Profit Formula (AFF) campaigning that I wrote about earlier on this Blog and at PaulRecommends.com.

I thought I’d share them with you as well.

The metric I’m currently tracking is clicks to opt-ins (i.e., what percentage of people who click over to Don’s campaigns opt-in for more information). As the course hasn’t gone on sale yet, this is the only thing I can track at this point (if you’d like to know the final results of clicks to buys, because, yes, I’m tracking those as well, comment below accordingly).

  • Social Media Links Conversion – 7.6%. That’s right, it takes more than 100 clicks from social media to get 8 people to opt-in.
  • Website Links Conversion – 25.8%. I get 25 opt-ins for those 100 clicks at the previous blog post. That’s more than 3 times the results.
  • Email Newsletter Links Conversion – 29.3%. In my weekly “Heads Up Tuesday” email I mentioned Don’s program as a link worth clicking (there were 5 other links in the newsletter). Did almost 4% better on that random mailing than on the Web clicks.
  • Direct Email Links Conversion – 39.3%. The direct email piece on Don’s product saw nearly 40 optins per 100 clicks – around 5 times the rate of the social media clicks.

The numbers should speak for themselves but a little examination is in order. Yes, this is the only thing I’m tracking and the final results might surprise me still but plane and simple, if I want to see action, I want to send emails.

So what does this mean to Don’s Social Profit Formula and social media marketing in general? Well, I certainly hope you take 2 things from it 1) Social Media doesn’t replace anything well – the results are terrible for marketers when compared to other models and 2) what you need more than the latest version is Tweetdeck or the perfect iPad Twitter client is a model for how to use Social Media to bring people into the fold that does, in fact, work better.

Truth be told, a good amount of my list comes from social media efforts. I introduce myself in Twitter, Facebook, and the rest and when we are ready to take our relationship to the next level – I ask for an email address. It works wonders for both of us.

But regardless of what you strategy is – and who you pick to be your guru, have a strategy that works and can be backed up with real numbers. The real money is in folding Social Media into what you’re already doing.

Thoughts?

Ustream Watershed As A Training Platform – Pay For Less

We’re about half way through Podcast Secrets 3.0. It’s been a lot of fun and we’ve learned a lot in the process.

One of the big things we’ve done differently this year is move from audio only training to a weekly hour of streaming video for the members. It’s a new model for me in terms of content delivery and I think, conceptually, that I like this process. I’ll be doing more of it in the future. It’s a good thing to be able to rally your crowds before you send 5 hours of content their way.

I chose the uStream Watershed platform to deliver this stuff for a number of reasons. The biggest two issues were that I love the functionality uStream gave on the free side – and I loved even more the Producer app on the free side. Price was fine with my profit margins so I went ahead with a name I trusted.

Imagine how much more one would get when one pays for it …

Uh, no …

In short, no Producer with uStream Watershed and a bunch of the interactive functions you get with the paid version is not included in this release.

Yes, with free you get more functionality.

What it does, it does fine, but it’s just kinda silly that it doesn’t do more.

I’m ready to pay you more money Ustream and I’m ready to recommend that others do the same but before I pay for services, could you at least move the services to the level of what you’re already giving away for free?

I mean, it does work, works great – I’d just like to do more.

Will you let me, Ustream?

I know freemium is still a really cool model in the valley but the part of freemium that too many forget is that, when all is said and done, you do eventually have to charge somebody at some point.

I hope my readers won’t make the same mistake.

Weekend Roundup: The Weekend Before Podcast Secrets Edition

Some of you reading this want the latest and greatest on Podcast Secrets 3.0. If that’s you, keep reading. If that ain’t you, ignore this post.

So Monday starts Podcast Secrets 3.0. We’ll keep the cart open until noon on Monday, but after that, she’s closed. A few bullet points between now and then:

It’s gonna be a great run.

Why Is There No Kindle Version Of The Business Podcasting Bible?

A few more observant readers have asked a great question – why is there no Kindle version of the Business Podcasting Bible?

Want the truth?

To really look at the truth, we need to look at a couple of other books in Amazon with my name on them. There is Special Edition Using Microsoft FrontPage 2003 and there is also Special Edition Using Microsoft FrontPage 2002. Let’s not forget The Business Podcasting Handbook: Turning Podcasts Into a Force-Multiplier for Your Business.

FrontPage 2003 is for a product that Microsoft killed after that release. A Kindle version would be downright silly. FrontPage 2002 doesn’t have my name on it at Amazon, but funny enough, all of the published ones out there do. Same is true for a Kindle release of this one. No use in chasing a dead topic.

Funny enough, the “other” Podcast book NEVER EXISTED and Larstan Publishing still hasn’t taken down the listing. I think the reason for lack of a Kindle version for that one should be pretty obvious. Yes, Amazon has lots of listings of products that never existed.

Confused?

You should be.

FrontPage 2003 is a great book about a product that is simply in the past. I’m proud of the book but not waiting for anymore royalties. Same is true for the 2002 book (regardless of who’s name Amazon has on the front cover). There are still a box or two of them in my basement and I’ll probably send them to be recycled soon.

The Business Podcasting Bible is also a great book but it is, in short, about Podcasting 1.0.

We’ve come a long way since then. It stands alone great for her moment in time, but things have changed pretty dramatically since I wrote that thing.

Things have gotten much better, much bigger, much more exciting.

Put the book on Kindle? I’m not going to do anything to let anyone thing the world of 2006 era Podcasting is worth examining – in Kindle form or otherwise.

There is actually one book on Podcasting at Amazon that not only costs more than mine, but MAKES NO MENTION OF ITUNES – it was written that long ago. No Kindle version for that one either.

What about the money that could come with a second, updated, printing?

Oh, the stories I could tell … but I will give you a clue – that ain’t where the money is.

Fun fact: Did you know that Amazon Kindle numbers don’t make it into top seller and book chart lists? They consider the information proprietary.

Yup, that’s how few they sell in the grand scheme of things.

What about that book with my name on it that doesn’t exist, or that book that does have my name on it, but doesn’t show it that way in Amazon? Yes, the book publishing industry is that messed up.

I’m just not that worried about Amazon anymore.

I own my media future.

I suggest you do the same.

Amazon may have a part in it but … she will then become a tool that I use and not vice versa.

We give everyone who buys Podcast Secrets a copy of the Business Podcasting Bible in PDF format as part of the package. I still stand behind everything the book says – but there is just so much more to the story that I’m tired of waiting for Amazon, or any other publically traded company, to tell it correctly.

I’m entering into a new space with Podcast Secrets 3.0 and I recommend you come along for the ride.

It won’t be on Kindle.

You won’t be able to grab it at Amazon.

And when I’m done with the program, you’ll understand why.

And you’ll laugh at Amazon too.

Don’t get me wrong, I love my Kindle. And my Kindle app on the iPad. I love reading books without having to kill a tree. You’ll see content from me on the Kindle soon eough.

But, sometimes, the topic is bigger than a book.

And then it doesn’t make sense in book form – dead tree edition, or Kindle, or anything else.

How big is your topic?

Weekend Roundup: Unlimited Edition

This weekend I’m at Brendon Burchard’s Experts Academy event. Unlimited potential in this room. I thought that would be my theme for this update.

I hope you have a weekend of unlimited potential – without the unlimited headaches.

Free Podcast Training – Tonight Only!

UPDATE: The live event is completed/over. If you’d like to grab the recording (and we got a good one), sign up at http://www.podcastsecrets.com.

Tonight at 5p Pacific, 8p Eastern, I’ll be recording LIVE a new presentation called “The Seven Deadly Sins Most Podcasters Make And What You Can Do To Avoid Them.” It’s for the coming Podcast Secrets 3.0 class – but this one is a free.

The content is SOLID. It’s the summary of what I’ve learned in helping Podcasters for the last 5 years.

There will be a surprise or two along the way as well – but here is the access information:

Again, we start prompty at 5p Pacific / 8p Eastern. There is more than an hour of content in there – but we’ll get as close to 60 minutes as we can.

I reserve to the right to charge for this content at a later date but between now and then, your access is free!

Podcast Secrets has a Twitter account – it’s http://www.twitter.com/podcastsecrets. It is also at Facebook at http://www.facebook.com/podcastsecrets. Would it be silly to mention the YouTube page at http://www.youtube.com/user/podcastsecrets?

When Does A Podcast No Longer Require Her Own Website?

At the big Ed Dale “Coming Home 3″ event this weekend, we got a chance to record a very special live version of Internet Marketing This Week as well as talk over some changes and ideas we have for future versions of the show. A plan for season 2, if you will. More on the specifics of that later.

One of the big questions we asked … Does the show actually need a website anymore? The Facebook Fan Page for the site does pretty much everything we do at the site – and it always feels pretty silly duplicating our content efforts.

We could easily make www.internetmarketingthisweek.com forward to the Facebook page and lose very little – while gaining back some time in the process.

Obviously, if we were an entity that sold ads at the site, we wouldn’t be asking this question. Since the monetization of the Podcast comes from building an audience that knows, likes and trusts us, what point is there in having the site?

And, if needed, we could always put ads and the like into the copy of the content at Facebook – disclosing accordingly of course.

I thought I’d pass this question on to you and see what you have to say.

When does a Podcast no longer need her own Website?

Weekend Roundup: Podcast Secret’s Season Edition

Finally, Podcast Secrets season is here. We are now at version 3 and slowly bringing it all together. The new site isn’t live (at the time I write this) but we got a few things worth mentioning for the weekend:

  • The Podcast Secrets Facebook Page will be home to a ton of news as we go through the launch process. In a move to get as many likes as possible, there will be some free content we are only going to send to people who “like” the page. You just have to love the Facebook update feature.
  • Podcast Secrets on Twitter doesn’t just follow what we’re doing, but she follows the tweets of some of our favorite Podcast Secrets Faculty and just plain Podcasters that we like.
  • Hot Podcast Tip: Did you know that Facebook is becoming a very powerful place to store Podcast “show notes?”. To get the cool play buttons like you see at the Internet Marketing This Week Podcast at Facebook Page, you only need to add the URL of an MP3 file to your post. Go ahead and try it,

Make yourself a better person this weekend. Listen to a Podcast.

Podcast Secrets 2009 Reunion Details

Updated: Information about the reunion plus the schedule is at the Podcast Secrets Fan Page at Facebook.

It’s official, the Podcast Secrets 2009 Reunion will be held in Vegas on 10/14/2009 – the day before the Blogworld and New Media Expo. Lots of fun, lots of new content, a special guest or two, and a 1000+ square foot are all just part of the scheduled fun. Members of the NMIC get in for free (yes, that’s new this year!), Podcast Secrets Alumni get in at a greatly reduced rate, but others can attend as well. More details coming – I just wanted you to save the date.

Will I see you there?

Tomorrow The Complaint Emails Will Begin

This, you can take to the bank.

I’ll start getting complaints tomorrow via email.

A midnight tonight we raise the price of Podcast Secrets 2009 by $200.

Emails have been sent.

On every call we mention it.

It’s on the replays.

It’s everywhere.

But tomorrow, people will start complaining that we didn’t tell them.

What this says about the “effectiveness” of emails and the human condition is another post all together, but you can count on these like clockwork.

Of course, the real nasty emails will come when we close the class Saturday at midnight.