As part of this article I am going to be doing an entire series that will show a live case study of me doing exactly what this post talks about.
That said … lets talk about how I dominate markets.
1) Research
I want to know that I can actually reach
the market that I’m after. I want to know that there are blogs,
forums, facebook groups, Meetups, Google+ Hangouts, and so on. At a
bare minimum I want to be able to easily find a facebook group related
to the market with at least 10,000 members and at least 3 blogs with
some fairly decent traffic and decent technorati rankings.
Way
back when Joshua Shafran put out something called NPOD and he talked
about “databases” constantly. That’s what I want to see. I want to
know that there are “databases” … or groups of people that I can quickly
target.
Only
after I know that I can find where the market “hangs out” do I worry
about the difficulty of getting good rankings. In other words, I want
to know that I can generate traffic before I even care about the
difficulty of search rankings. Honestly the way I work the search
rankings are going to happen no matter what, so most of the time the
normal “key word research” that you see people like Ed Dale talking
about with the 30DC is something that I’ll do only when I’m trying to
decide between markets and then I’ll use that as a sort of tie breaker.
That
said, one thing I do like to see is adwords spending. The more that is
being spent the better because it is a pretty strong indicator of how
much profit potential there is per customer.
Now
like I said, I’m going to be actually demonstrating the research as
part of the live case study posts that I’ll be doing later. Since this
is already going to be a long post, I’m going to end this part here.
Just remember, it’s more important to know where your market
meets/congregates/etc online than it is to know what difficulty you’re
going to have ranking in the search engines. If you can talk to your
market, then you can drive traffic to your site and you can sell them.
2) What’s the problem/desire?
Once
I know that a market can be reached, I want to know what their problems
are and what kinds of things they want/want to know. I use my earlier
research about the forums and blogs to help me with getting some RSS
feeds that seriously make me very “plugged into” the market in just a
couple of days. I’ll also snatch some RSS feeds from google blog
search, google alerts, and technorati blog search as well. Like I said,
the idea is to submerge myself into the market very quickly. Often
during this step I’ll find several more blogs and the like. I’ll also
start figuring out how the major players are.
From here I’ll start researching. I’ll want to know that I can create some really good content.
3) Getting Set Up To Crush It
Next
I’ll go to Google and create a new mail account (I create separate
“identities” for each market I work in) and accounts at Google+, Google
Docs, Blogger, and YouTube. If the market is heavily concentrated into
some facebook groups, I’ll create an account there also. Blogger and
YouTube will be given key word loaded titles. While above I said I’m
not really worried about search rankings that doesn’t mean I ignore it
either.
Notice
I said nothing about a domain name or web hosting. I don’t often
actually spend money on those. Nearly always I just stick to the above
because they give me more than enough.
At this point I spend the first bit of money and grab a TubeToolbox.com “license” for the YouTube Channel.
Next,
I’ll find some good YouTube videos that I can put into some playlists
so that I can start using that to gain friends and subscribers.
Finally, I’ll get a free account at mailchimp.com
… the free account doesn’t have the autoresponder features but right
now I don’t care. I just want to know that I can capture people into a
list.
4) Initial Content Creation
Next
I’ll try and find two things that I can create that will be some
absolutely kick ass content for the market. I want to create some
initial content so good it can’t hardly be ignored once I start talking
about it.
In
this case, one piece of content will be done in text and put on blogger
and in video and put on YouTube. Both will link over to Google Plus
which will have status updates that link back to them.
Let
me be clear here … the first content has to be REALLY good. It’s why I
get the Google Docs account. Very often my first content will be full
blown special reports on Google Docs that I link to from Blogger. I’ll
have some good graphics and everything in there.
The
first content on the blog will talk about the other piece and say that
special report will be given to people when they sign up to my mailing
list.
I
know that the same thing is already on G+ and on YouTube. However, on
YouTube really good videos are likely to get me friends and subscribers,
and on G+ it’s likely to get me +1’d and Circle Added.
The
Blog doesn’t give people easy ways of following me if they like the
content so that’s where mailchimp comes in. Each new subscriber I
simply manually email the link to the second report on Google Docs. In
the beginning there won’t be enough people for this to be a problem. By
the time it is some sales will be generated and I’ll use that to pay
for upgrading mail chimp to give me the autoresponder feature.
What I’m saying here is that I do not
care that everyone is in my mailing list. Someone that’s put me in
their circles on G+ is just as good to me as someone that’s subscribed
to my YouTube channel or been added to my mailing list.
Later
I will start trying to get people to be in all of those places by
putting some content in only one place and telling people that to get it
they have to branch out. But more on that later.
5) Cheating A Bit
At
this point it’s time to go to the forums and the blogs. I’ll create a
different name that I’ll use for all of the forums and for the blogs,,
and this is important, I will always
create those accounts and post to them ONLY from my library. I do not
want the IP address to match up with the address of my “market identity”
when I start posting from my house.
Think
of it almost like a second identity with the market and therefore it
needs to have it’s own location information separate from the first
market identity if that makes sense.
What
I’ll do now is start discussions around the topic of my content. This
way I can link to that content without it seeming “self promotional”.
What
I’m saying is that I want to start discussions in a way that lets me
link to the killer content. This is why the blogs, forums, and facebook
groups are so important. They let me do that.
Obviously
the blogs is a little different because the discussion only takes place
in the comments, but if the blogs are good enough (and if I’ve done my
research they are) then that will still result in plenty of traffic, and
I don’t care if the links are do follow or not.
And on that note, I absolutely DO NOT link to anything as part of my name. The “website” field when you’re commenting on a blog is left blank. That’s very important.
If
I did my job correctly, there should fairly quickly get to be
discussion about my content, often it’s being shared, and people are
asking who the person is that created it.
6) More Great Content
From
here it is extremely important to back this up with more great content.
Again, we’re talking special report level stuff. Excellent graphics,
fantastic information … and information that I know the market is
interested in because I’ve continued to keep up with the various RSS
feeds.
Again, I’ll continue stirring up interest on the forums and blogs relating to the topics of the posts and linking out to them.
I
will also finally get my “main market identity” onto those forums and
blogs so that now I’m becoming a “real person” within the community.
Once
this happens that secondary identity that I used will begin fading away
pretty fast. My main market identity will start posting to the forums
pretty hot and heavy so that I can post links myself.
As
part of this, and this is important, I am going to be looking for any
and every good piece of content that I can find elsewhere on the
internet that I can link to related to the market.
I want people to get real used to the fact that I link to other sources so that later, when I link to my own stuff no one will think it strange and it passes under the moderators radar.
I want to point something out here.
The
idea here is to become an expert within the market extremely quickly,
and this isn’t some play-pretend at it either. In many ways I’ll be
doing far more market research and therefore know far more, than people
that have been involved for years.
The
RSS feeds, researching problems and wants of the market, the production
of really good content, all leads up to me becoming a bonafide expert.
People will inevitably view me that way and I want to make sure that I
live up to it.
In
fact, let me be clear about something. What’s been done up to this
point has been purposely designed to turn me into a recognized expert
within a period of a maximum of two weeks. Often that can be done in a
single week if I focus and work at it.
However,
doing this so quickly requires great content, with great graphics. If
you want to be looked at as an expert in the market you have to act like it.
At this point I also start spending a little money. I’ll go to fiverr.com
and obtain some +1s and some likes to my content. A few hundred of
those, after the promotion through the forums and the blogs makes people
believe that I’ve really got something going.
Often,
the purchase of those likes and +1s will get tons of other people in
the market to start sharing it as well. A few $5 purchases for some of
the content in +1s and likes and suddenly the content is being shared
all over the place.
And
seriously, some of that will also cause massive benefits in the search
rankings. It isn’t uncommon for me to come out of no where and suddenly
be dominating the search rankings also. However, that’s just icing on
the cake. I want the traffic from the other blogs and forums and the
like.
7) Spreading It Around
At
this point I now want to start finding places where I can guest blog.
Blogger link up, HARO (helpareporter) are places where I start. I’ll
do searches on twitter and google looking for “guest post” and “guest
author” along with some relevant key phrases for the market. I’ll
contact the appropriate blogger and pitch some article ideas to them.
There
are a TON of really good articles online about being a guest author on
another blog, just do some searches and you’ll find them.
What
I’m going for here is to get my name out there along with links back to
my sites and content. Basically, it’s mostly a traffic generation
strategy, but it does help out with search rankings as well.
8) Monetization
Now
that I’ve started to be looked at as an expert, now that I’m already
generating a following, it’s time to monetize. Almost always I simply
use Google Checkout for this (you seeing a pattern here).
Now I have to admit something … I’ve got some seriously big balls. I don’t mean to be crude but there’s no other way to put it.
When it comes to this I almost always want to go for something very high dollar. In fact, I really want to sell something that is much more expensive than anything else currently being sold in that space. The reason here is two fold:
- I’m viewed as an expert so I can get away with it
- I’m viewed as an expert so therefore I should be charging more
In
this regard I’m looking to do things no one else is doing. I can’t say
what here because there are a million different ideas; from high dollar
(very high) membership sites to mastermind groups to some kind of
physical shipped thing.
I’ve bundled (in fact nearly always I do) some “thing” with some kind of information to increase perceived value.
My point is that I don’t get bashful. I’ve put forward a ton
of work to be an expert. Real experts charge more. Since I don’t want
to just be “another” expert … since I want to be thought of as the
number 1 guy in the space, I charge the most.
I
feel that I bring a lot to the table, therefore I want there to be a
fair bit of exclusivity about me and everything that I sell.
There is a side benefit to charging so much when I start to monetize.
Because I’m charging a lot, I can provide much more than any other person in the space. This makes what I’m doing worth much more. In other words, by charging an amount that says I’m the best, I actually am the best because of the things I can provide that no one else does.
In other words, this literally becomes a self-fulfilling prophesy.
Having said that, if you’re going to charge a lot, if you’re going to say you’re the best; you better damn well be the best.
You can wreck your position in the market in a huge hurry if you don’t.
On
the flip side, by simply suddenly showing up from no where, becoming a
hotly talked about expert with great content; when I do start selling
something that is so expensive that also becomes a huge topic for
conversation.
It literally expands the whole “mystique” that I’ve built up.
Now,
when the product actually delivers massive value even for the high
price I’m charging, I get good comments in the market from the customers
which now cements my position.
I’ve made as much as 500 grand in 30 days … to as little as nothing. Most of the time it’s in the five figures somewhere.
8) Expansion
At
this point it’s time to ante up and finally get that mail chimp account
upgraded and begin systemizing and automating. I’ll link up with other
big dogs and work cooperatively with them, often sharing content and as
much as possible I will give them content to put into their products
and I won’t ask for anything other than the mention in that product.
At this point I’ll also start outsourcing. It is here that go dive really hard into partnering with Google, Apple, and Amazon. I will give you a special report that explains exactly how to partner with each of them when you add my Google Plus page to your circles. That page is still new but tons of great content will be added to it shortly.
This phase is about scaling the business “out of my hands” so that it can grow and not have me as a bottleneck.
Hopefully this post helps all of you.
Wow Matt, you have some good stuff here on this place! Thanks for sharing such value!
ReplyDeleteYou're absolutely welcome! I've got a HUGE report that's about to come out so be sure to either subscribe to the list or go to the G+ page and add it to your circles, or add my personal profile to your circles (or do all three :-) . Those are the folks that will be getting access to the report.
DeleteIt's going to talk about how to create and distribute content so that it goes viral! I've got input from major industry players on this like Rand Fishkin, Corbett Bar, and so on.
Anyway, thanks for the kind words!