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Interview
with Internet
Marketing
Success Story: Corey Rudl
Marty Foley, publisher of ProfitInfo Email Newsletter, interviews
Internet marketing guru Corey
Rudl. For many savvy online entrepreneurs, Corey needs no introduction.
[Marty]: Corey, as one who has been extremely successful as an
online marketer, please tell us how you got started using the Internet
as a marketing tool.
[Corey]: I started marketing online in the fall of 1994. It was
quite a fluke. In my course, I explain that we published my book,
"Car Secrets Revealed", and started selling it offline. The results
were pathetic. We thought we had a winning formula and it was barely
breaking even. I spent about $20,000 offline trying to promote it...
and it flopped.
I took the advice of a friend that was setting up an automotive
site on the net and he helped me get a very simple web page online.
I saw a few sales trickle in and then took more interest in it,
promoting the book online in my spare time.
[Marty]: What are some of the online ventures you are involved
in?
[Corey]: I own four different businesses that now generate over
$2,600,000 in online sales every year. I have interests in many
other online projects, as I have done work for clients for a portion
of the profits I generate. I also have a clientele base that hires
me for online business advice at $320 per hour.
[Marty]: Your book "Car Secrets Revealed" has done very well for
you online. Can you give some details on it?
[Corey]: Car Secrets Revealed was my first success on the net.
Within 9 months of truly starting to promote it heavily, it became
the #1 best selling car book online (using the unique promotional
techniques I teach). It generated over $140,000 in net profit in
those months. To this day (almost 3 years later), it is still the
#1 best selling car book on the Internet.
The site is at http://www.igs.net/carsecrets/ if you want
to check it out. Everything I put on the page and everything I say
is there for a reason... We have tried many different web page designs
and concepts, and this one works the best (I explain why in my Internet
Marketing course at: http://www.marketingtips.com.
I can't explain it here, as it would fill up about 20 pages to cover
just the details on that topic alone).
[Marty]: You were recently on the Maury Povich TV show in connection
with your businesses. Can you recap for those of us that missed
it?
[Corey]: There is not much to say. Basically, because of my exposure
on the Internet and having the #1 best selling car book online,
they found me through the net and invited me to appear on the show
as their "car expert" to explain a few tips and secrets to their
viewing audience on car buying and the shams and scams with car
repairs. It was a good interview, but what a long flight back...
10 hours on a plane. Whew!
[Marty]: How long did it take your first online venture to start
making a profit?
[Corey]: The first month the sales trickled in, so I technically
made a profit within 30 days... but nothing to live off of. Since
I was one of the first group of commercial businesses online...
there was a lot of "trying everything", so it took me almost 18
months before I started to see a full-time income. I spent literally
12-14 hours a day, 7 days a week trying different techniques, copy,
and ideas online. Now that I know most every trick and tip there
is, I can literally take almost any business online and make it
turn a very healthy profit in a few months.
As more and more people got online, many of the standard marketing
techniques were getting overused and becoming ineffective... so
I developed "twists" to most of them to ensure they still made a
profit when everyone was using the "regular" approaches to online
marketing. The results: the techniques I use to market online are
very unique.
[Marty]: How did you learn about what it takes to succeed?
[Corey]: At first a lot of trial and error. I took a lot of the
concepts and ideas I got from the very expensive seminars I used
to attend and material I bought (I was a Jay Abraham, Gary Halbert,
Mike Enlow and Ted Nicholas fan, and most of their seminars were
$7000 and up.) I took those ideas - and with a little ingenuity
and creativity - adapted them to the net (while in the midst of
developing my own winning formulas for online success). I came up
with formulas that work like wildfire online.
[Marty]: I recognize the names of those other well-known direct
marketers that you have learned from. It's apparent that your formulas
work. Which avenues are paying off the best for you?
[Corey]: I have never had an online business that *has not* made
a very healthy profit. As I mentioned, my four online businesses
combined now generate over $5,200,000 in sales online per year!
And the beauty of it is that I started it myself as a one-man operation.
I now have had to hire five employees to take care of the paper
work and customer service... but have you ever heard of a retail
business that has 5.2 million dollars in sales with only a few employees?
No! They have at least 15-20 employees. That is the beauty of the
net: you can automate everything so your overhead is incredibly
low.
[Marty]: What specific types of online tools are you using successfully?
[Corey]: That is a very difficult question to answer, because there
is no one tool that is responsible for making me a fortune online.
My techniques show you how to generate multiple small streams of
income, and then automate those streams of income so you can move
to the next. Let me explain...
I would teach you a marketing technique that will make you $1000
a month in net profit. You then automate that so it generates that
$1000 whether you are there or not. You then move on to the next
marketing technique, and it makes you $1500 a month. And once that
is in place (which takes you about 2-3 weeks), you automated it
and move on the next week, and so on.
The concept here is that you are making small streams of income
from many different directions (all of which are automated)... but
if you add up those streams of income you are looking at $10,000
to $15,000 a month in net profit, which is over $100,000 a year.
The best part is that if one technique fails because something on
the net changes, you don't have to worry; you still have other streams
of income that are making you money every month.
[Marty]: Do you do all of your business online, or do your online
marketing efforts supplement your off-line business efforts?
[Corey]: 100% online. I am a specialist at online sales and marketing.
I have become one of the most respected online marketers on the
Internet... and for good reason: I can prove my successes. If someone
asks me to help them with their magazine advertising, I simply tell
them that there are better people than me out there for offline
marketing and they should see them instead. I do what I do best...
and that is online marketing, so I concentrate *all* my efforts
on that!
[Marty]: What mistakes have you made?
[Corey]: There are so many, I would fill up your entire newsletter
listing them. Let me just say that I have wasted hundreds of thousands
of dollars trying techniques that did not work (but from everyone
I learned something very important). But that is the "price of education"
as I say.
[Marty]: What major mistakes do you see other Internet entrepreneurs
make?
[Corey]: There are a lot of them and I discuss them in great detail
in the course, but I will briefly mention a few here.
- Having an ineffective web site that does not turn visitors
into sales. This is a very tricky thing to do (that most people
do not understand), and I devote a lot of time in my course in
how to make a web site profitable.
- Putting all your eggs in one basket. Trying one technique and
thinking it will make you a fortune. You need to diversify your
marketing efforts into different promotions to see which ones
pull the most net profit, and then concentrate on those.
- Having a poor "sales process" in the marketing campaign. That
is the manner in which you interest the client into coming to
your site, then lead him into a good rapport with yourself, and
then - and only then - asking for the order. Most people break
the link at some point and lose the sale. That is why most sites
only see one sale out of every 200-400 visitors (and some even
worse).
[Marty]: Are there any other tips or suggestions you would like
to give others that want to profit from the Internet?
[Corey]: Research, research, research.... Read/study everything
you can on online marketing and learn about it before you jump in.
For example, I hear stories every day about people that "heard"
bulk emailing was very profitable. They may spend $1000 on the different
software, only to find out they were doing it very ineffectively
(for example, indiscriminately spamming, rather than ethically using
bulk opt-in email) and don't make a single cent.
Then there are other stories of online success with MLM... people
spend months using the wrong techniques and end up not making a
penny. The list just goes on and on.
Make sure you understand what you are getting into with any business
online so that your first attempt will be your success!
[Marty]: I agree, Corey. Too many are trying to "reinvent the wheel"
instead of learning how others before them have achieved success.
I like how Benjamin Franklin put it, when he said: "An investment
in knowledge always pays the best interest." Thanks for letting
me interview you, Corey.
Corey Rudl gets over 2 million visitors to his websites yearly,
does 5.2 million dollars in sales online each year (yes, that is
$5,200,000), and personally makes hundreds of thousands of dollars
from his online businesses... all from his one small office. So
listen to what he has to say as he knows what he is talking about
when it comes to starting and promoting a business on the internet.
Visit his site at Internet
Marketing Center where he reveals all his unconventional tips,
tricks and techniques with examples so you can learn the most efficient
and fastest ways to make money on the internet.
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