Offline Business Dev Ideas....includes pricing

14 replies
This post is for those you looking to get started in Offline Business. I have noticed some confusion on what to do first, how to get clients, etc. I hope I can give you some advice from my experience.

First:

If you are fairly new to IM, I suggest the first thing you do is open an Aweber account and learn how to set it up on a website or blog. Use a test website that you aren't promoting, but learn the mechanics of setting it up. There are plenty of videos and tutorials out there to show you how to get the most out of your Aweber account.

Next, create a reseller hosting account at a service like Hostgator. This is useful for turning over the websites or blogs you create to your clients. You also earn annual commissions on hosting and the domain names for the client. There are plenty of videos and tutorials on how to manage your reseller account.

After that, learn how to register a domain and set up a blog (such as Wordpress) on your reseller account.

After doing these things, create a blog for yourself around a niche you can research and develop content for, and set it up to build an email list for your niche. Make sure to install an analytics package, such as Google Analytics. Make sure to add content consistently and use a nice theme. Keep this blog rolling, as it will help you close business.

Drive traffic to your blog using articles and social bookmarking traffic. By now you should have developed a strong level of confidence to talk to prospects. You will use this as your sample, showing your list stats and your traffic stats to prove your skills.

To Get Prospects:

I'm sure Andrew Cavanaugh (who knows Offline like nobody else) will check in and let me know that my prospecting methods are nothing new, but either way this is what ACTUALLY works to get prospects and I'm not saying that I am an innovator...

1) I meet small web designers and web hosting companies at Chamber of Commerce events. Most DO NOT do internet marketing the way we think of it. They may say they do SEO, but when you start talking about traffic-building and link-building you can see you are leaving them in the dust. It will take time to crack this nut, BUT IT WILL BE WORTH IT. Most of my business comes from this network of folks.

I will research sites they have built (most put their link in the footer of the website and you can find by Googling their name) and I will email them and tell them I have a few ideas to get the traffic to the site. I ask if they would like to contact the customer and arrange to discuss it. They already know I am willing to act as a subcontractor to them on the deal, so everything can be done in their name and they can charge whatever they want over and above me. They also know I pay referral fees because it is in my email signature and LinkedIn profile. Many are interested enough that they make the call and get an appointment. All I need is one appointment with them in the room and they are sold to continue to refer people to me. Currently my best referral source is a web hosting company, and they refer me at least 3 businesses per week.

2) I hire college interns to create leads using a marketing survey. They canvass local businesses with a 3 question survey. They do not collect contact info, but they do write the business name down on the survey before they turn them in to me. After the survey they give the business owner a flyer with basic information about internet marketing. It is NOT a sales flyer. On this flyer is also the INTERN'S email address set up for this purpose. The biz owner can request more info using this email address. I pay them for each email they get and forward to me, usually $10. I pay them a referral fee for each client that signs as a result of this, usually 5%. Make sure you obey local labor laws and make sure they know IT IS NOT for college credit.

For every 50 surveys I get I land about 5-7 clients.

3) I have developed my LinkedIn profile to drive leads. I have a Slideshare presentation embedded. I update my "message box" every week so the LinkedIn updates email to my network always contains a message from me. I attend as many networking events as I can, collect biz cards, and take a few minutes to tell people what I do. Then I spend the next day sending out connection requests with a message reminding them where we met and what I do. They will go to my profile and inevitably check out my slideshow. I get a confirmation of my connection request about 90% of the time. This has generated leads for me with very little additional effort, mostly from seeing my weekly message update.

4) I have spoken as a panelist for a Chamber event. This is good, but I find these to be labor intensive for the return. I have picked up two clients from the one event, so other people would say it was worth it. Most people want to pick your brain, but not actually retain you.

I find that networking is far more effective than advertising. I consider the marketing survey more of a network opportunity than an advertising opportunity.

My Pricing:

Blog Creation - $500 (includes first 3 posts.)

Onsite Optimized Content Dev - $150/pg (Whitepapers - $400/paper)

Analytics Install - $200 one-time plus $50/mo reporting

Onsite SEO - $150/pg

Offsite (links from articles, guest blogging) Optimized Content Dev - $150/pg

Lead Generation System (aka List Build aka Autoreponder) - $500 setup

Email Transmission - $100 design, $100 for sending and reporting

Socialization (Manage online reputation via social platform outlets. (Wikipedia, LinkedIn, Facebook, BlogCritic, Technorati, etc.) - $750 setup, $250/mo

Link-Building - Priced based on campaign, but I charge $100 per Linkvana post as an example.

Video - $250 per finished minute using my equipment; commercial quality $1,200 per finished minute.

Video Syndication - $100/video

My average client spends about $3,000 over 12 months, but my video clients spend well over $6,000. I still have all of my monthly clients, but most clients spend in chunks, not monthly.

Hope this helps some of you starting out! Good luck.
#businesses #offline #starting
  • Profile picture of the author aekaplan
    Very helpful post Marcus! You charge quite a bit for Analytics, considering it requires absolutely no work at all ;-) How much time would you say you actually put in to earn that fee?

    And I asked this in another thread, but perhaps you can answer here as well. Is that email transmission price $100 per e-mail or per month?

    Also, could you explain a Linkvana post? I'm unfortunately unfamiliar.
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  • Profile picture of the author Marcus Paul
    aekplan,

    I set up conversions and goals in the Analytics as well, and this requires time and back and forth with the client. I would say its about 2 hours of work. I use GetClicky and Google for Analytics.

    I charge $200 per email and I give them a complete tracking report of that campaign and a consultation with it. I haven't had complaints about that price point (as long as they get some results

    Linkvana is a system where you can create blog posts and they will add them to their PR ranked blogs in your niche. They don't accept crap. It must be well written and meet minimum length requirements. It's not cheap either.....$147/mo for an account.
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    • Profile picture of the author AndrewCavanagh
      Nice post Marcus.

      I would suggest you charge more.

      Also having fees you use as a guideline is great but advertising fees is not really a good idea (in case someone is thinking of doing this).

      Every business is different, every project is different so the price you charge for a project should be different.

      Also if you don't advertise your fees over time you can gradually increase what you're charging for each project as your skill and confidence increases.

      The real money is in creating customized solutions for business owners and charging them premium fees to do it.

      Regardless of what you charge you're most likely going to be way under what most skilled web designers will charge ($5,000 to $15,000+ for a website).


      In all these offline posts I think it's also important to mention that the people who've gone from zero to a full time living the fastest in this niche are nearly always those who are willing to just go and talk to business owners when they're starting out.

      That gives you the skill and insight to talk to business owners effectively and make any lead generation strategy you end up using in the future many times more effective.

      You can start out by talking to business owners you know, business owners wherever you buy anything and business owners your friends know.

      Kindest regards,
      Andrew Cavanagh
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  • Profile picture of the author Marcus Paul
    Andrew,

    I agree. I don't advertise my fees in general, but I have been PM'd numerous times from my "offline" comments and I have been asked about pricing.

    Of course it goes without saying that these prices vary depending on the project. More time consuming projects (larger websites and blogs) I charge more. I also charge more to do things that I didn't list primarily because I didn't want to add confusion regarding my list of services. However, I find my pricing not only gets me referrals, but over time they actually spend more because it doesn't seem like much relative to what they are already spending. I outsource many things (remember the interns ). When I get too many clients my prices will go up anyway.
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  • Thanks for the sample pricing structure!

    Do you offer packages to your clients? It seems like those monthly fees could really add up if the biz owner takes three or four services.
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    • Profile picture of the author TimCastleman
      Marcus -

      So you pay $10 per email address survey and you get about 50 of them so that means that you spend $500 just on leads? That is the shame the cost is so high.

      I've used postcards and you can get 1000 prospects for a little over half that. I've also used a different survey method and got a 4% response and it only cost me $24.

      I am sure your ways work I just hate that you have to spend so much on lead generation.

      Tim
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      • Profile picture of the author ccppc
        $100 for a Linkvana post?

        I guess there IS a sucker born every minute, lol.
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      • Profile picture of the author a2dsilva
        Originally Posted by TimCastleman View Post

        Marcus -

        So you pay $10 per email address survey and you get about 50 of them so that means that you spend $500 just on leads? That is the shame the cost is so high.

        I've used postcards and you can get 1000 prospects for a little over half that. I've also used a different survey method and got a 4% response and it only cost me $24.

        I am sure your ways work I just hate that you have to spend so much on lead generation.

        Tim
        Tim I think he meant $10 per Highly Qualifed Prospects. Which I say is not bad as they have had personal contact with someone prior to you calling them. I find that this is almost as good as a referral in my experience. I used to use a Virtual Assistant to make calls and I found that the leads I got from that were very warm to hear from me.
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        • Profile picture of the author TimCastleman
          You guys crack me up on pricing. Once you decide to stop charging by the service and instead by the result you will live a life of poverty.

          Think about the fact that if you put up a blog and charge them $250 and they make over $3500 a year from it, is it really overcharging?

          Also think about what it would cost the person to put it up themselves and for many people they would rather pay for it instead of doing it.

          Think of value and results, not a price tag.

          Tim
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  • Profile picture of the author millionareteam
    wow! Thanks
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  • Profile picture of the author Marcus Paul
    @shkad14 - I allow them to pick ala carte services as this seems to work within their budget. I have given a package deal in the case of larger customers, as this seems easier for them to get approved.

    @Tim - I only pay the $10 for the email that results from a survey. I may get 50 surveys, but only get 10 emails from business owners out of it. So I spend $100 for 10 highly targeted, warm leads. Even if I close 3 I easily make my money back.Well worth it. I agree about pricing based on value, but that is where the residual comes in. Once I show the effectiveness of one blog, then I sell them 2-4 more blogs targeting different keywords, whiching is cloning the setup and changing content. I take a snowball and turn it into an avalanche. Once they percieve the value from the results they give me more business - and referrals.

    @ccppc - The client is paying for a high PR rank link from an optimized post I am taking my time to write and paying to have added to a related blog. It is cheaper than my $150/pg content dev price. And I don't use the name Linkvana when selling it obviously. What would you pay to have someone write a keyword-optimized post linking to your website using the exact anchor text you want and having that post on a PR4 blog?
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  • Profile picture of the author CashDoctor
    Awesome Post!

    My name is starting to get out there in the community for this type of stuff. I have 3 interested prospects who want to set up an email newsletter (not aweber on the site).

    Something like "Constant Contact" they say. But I think its foolish for them to sign up for constant contact and I chard liek $150 for intial consulation and set up.

    I am looking at fusemail.com which is a reseller of this type of service. This loks great. I deally I would like y own private label email system and I pay like $100 per month. But then I have 20 clients each paying me $50 per month.

    What is the most profitabe way for me to serve these 3 prospects who are basically begging me to set them up. I just cant figure out how to charge them.

    Thanks
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  • Profile picture of the author mwoeppel1
    What's wrong with constant contact? I've used Aweber and now I use iContact. Seems everyone here is in love with Aweber, but I don't see the main difference. Not a criticism, but I'm just curious.
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  • Profile picture of the author FlightGuy
    Markus,

    Thanks for your contribution, that should help a lot of people.

    I too am involved with my local chamber of commerce and it's been a great way to generate sales. Most of my work has come from word of mouth, which has just been outstanding for me.

    I'm looking to scale things soon. I'll be opening an office and hiring some employees this year, all thanks to internet marketing consulting and related services.

    I find your lead generation method involving college students quite interesting... I'm interested in speaking with you about that if that's ok. I'll shoot you over a PM.

    Regarding networking - I agree with you 100% Most of my business has been through networking, much more than advertising. There are a ton of people in the chamber who could just sit down and pick your brain for hours, though... so I find myself "a little behind for a meeting" many, many times. lol.

    Good to hear you're doing well.

    Kindest
    John Dennis
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    "If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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