Learning for free
If you are like me your e-mail was jammed during the "Butterfly
Marketing" promotion. I have been following Mike for quite
awhile and he is a fantastic marketer. But it does seem to be
kind of a stretch for most list owners to have been pushing such
an EXPENSIVE product. $997.00 isn't just a drop in the bucket
for most of us.
But, I really appreciate the fact that I got to watch it reach
this point. See I first heard about this program almost 8 months
ago. It crept into his emails and other sites here and there. He
mentioned it in his speaking engagements and even taught it to a
select few.
And it started creating a little buzz. Everybody was wondering
what this thing could be that he was so pumped on getting just
right for the world to see.
So here we are 8 months later and every body that is anybody is
pushing "Butterfly Marketing." I tried a few times on the first
day to go to his site. And guess what? He didn't have enough
band width. And I am sure that he was setup at the max his host
could give. He created a buying frenzy on a product that he is
charging almost $1000.00 for.
He sold over 1000 copies by 5:00 pm and it started at noon. So
if we look at that he grossed $997,000.00 in 5 hours. But he had
to pay his affiliates their commission and pay for the
production of the package. So lets just say that he got to keep
40%. Well, $398,800.00 isn't bad either for 5 hours worth of
sales.
Now that isn't really fare to say because like I said earlier
"Butterfly Marketing" has been in the works for quite awhile.
But, when I first heard about it, it wasn't a product yet it was
just a works in progress.
So over the last 8 to 12 months Mike has slowly put together a
program and started a buzz on his own time schedule. That's not
to say he didn't work hard on his program, but he didn't rush it
either.
So if every single package that he sells is from affiliates,
(which it's not.) and he only sold 1000 (Which he has already
sold more. Today's count he has 237 left out of 1500.) then Mike
has made a minimum of $33,233.33 per month over the last year
and he gets it in one lump sum now. This is on top of what he
normally makes. Which I can tell you is a very sizable amount
would make most people very happy. But, that doesn't make any
difference. He could be unemployed
So with out spending a fortune we can take home some very
valuable information.
Let's look at what we have learned so far. 1. Don't quit your
day job. Mike continued doing what he always does. Day in and
day out he has a routine promoting his other products and making
a living the way he makes his living.:-)
2. Take your time and create a product or package that is
something that you can be proud of. If it takes you a year and
you only make $10,000 per month. That wouldn't be all bad.
3. CREATE a BUZZZZ. I know that you may not be a big shot like
Mike, but he wasn't always a big shot either. And so what if you
have to drive a new Cadillac instead of a Lamborghini. Create a
buzz where ever you can forums, blogs and every other way you
can think of. Get a basic website up that allows people to opt
in for more information.
4. DON'T QUIT!!! Can you imagine putting so much time into
something and then quitting? What if Mike had said after 8
months "Forget this. I'll never get it done." As ridiculous as
that sounds I have done it and I don't know of a single person
out there that hasn't. This has cost me thousands of dollars.
Not to mention over the years probably months and months of
wasted time.
So I am not telling you not to buy Butterfly Marketing but
perhaps the very biggest and most valuable lesson to be learned
here is not from his package but from his actions.
Something that I learned in the military is to lead by example.
Well, we have a number of leaders on the Internet that we can
learn from just by watching what they do. Don't pass up this
valuable opportunity.
This is a series of 3 articles. In the next article we will take
a look at how Mike's affiliates handled their promotions, and
why this is different from any other promotions that have been
done online.