Jim's Marketing Blog

Marketing tips and ideas to help you grow your business

Why your subscribers aren’t hiring you and how to fix it

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Hannah has almost 2000 newsletter subscribers. Her open rates are always between 80% and 85%. And yet she’s attracted just 4 paying clients since 2019, directly from her newsletter readership.

She asked me what she was doing wrong. I suggested, (with her permission), that as this is a really common problem, I’d share my answer with you.

Why accurate marketing data can cause us problems

We’re now able to test and measure our digital marketing with great precision. And it’s causing hard working small business owners to make very expensive marketing mistakes.

For example. Service providers like Hannah, often look at the open rates / clicks / shares data of their newsletters or blogs, then write certain styles of headline or content, based on what’s popular.

That seems to make sense.

Until we look at the massive difference, between what’s popular with readers… and what generates bankable income for our business.

The key point here.

  • Readers are mostly just that. They’re readers. They read our stuff. That’s it.
  • Only a subset of readers are prospective clients. This is usually a relatively small percentage; especially if we use the content marketing model, (which Hannah uses, I use and you should be using too).

In short: The vast majority of people who subscribe for useful, free business information have zero intention of spending a dime with us. They’re looking for free information. Period.

Oh yeah. They really mess with your marketing data

That’s because the free stuff crowd are also the people most likely to open newsletters and click links.

They especially love sensational headlines, free special reports and free white papers, etc. They are attracted to them because they dabble rather than hire expert help, so their businesses are constantly struggling. Over-hyped headlines give them hope that they’re one ‘killer free idea’ away from solving their latest problem.

It’s not a coincidence that none of the 4 readers who hired Hannah directly from her newsletter, had high open rates or click rates. They almost hired her in spite of being on her list. This is because our ‘prospective client readers’ behave very, very differently from the ‘free stuff readers’.

The same over-hyped approach that gets opens and clicks from freebie hunters, leaves our prospective clients rolling their eyes!

Allow me to explain.

Yes, our prospective clients are certainly looking for great, useful information. And that’s a fact.

The BIG difference, is that they are also looking to provide their businesses with the resources and expertise it needs. This means when they consume our newsletters, blogs (podcasts, YouTube broadcasts, whatever), they do so with a prospective need for our services and are building a picture of us.

And unlike the freebie crowd, they’re looking for clues.

For example.

  • They’re looking to see how reliable we are over a period of time. If we regularly show up with ideas or go missing unexpectedly for long periods.
  • They’re also looking for clues as to whether we’d work well together or not.
  • They want to see if our communication style is consistently clear and easy to understand.
  • And they want to see just how informed we are; the depth and breadth of our knowledge.

Plus a ton of other things they pick up on, which guides their decision to hire us or not.

The freebie crowd don’t give a rat’s ass about any of that!

In a nutshell: For a service provider, the most valuable feedback from your content marketing, is if it’s generating high quality paying clients or not. So please don’t chase the numbers that have little or no, real-world commercial value.

Growing your list

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list building

I get a lot of questions from business owners, about how to grow their lists. And I usually start by explaining the absolute cornerstone of list-building, which is very seldom mentioned.

It’s simply this.

The idea of growing your list is based on a lie. You can not possibly grow your list or build your list.

That’s because your list is never yours. You simply borrow it. You don’t own the attention of subscribers, viewers, listeners, followers or contacts. You have to earn their attention… and then keep re-earning it.

When you stop thinking of subscribers as your subscribers, and readers as your readers, you’ll find you retain more of them and they’ll proactively recommend you to their friends.

The pay-off is huge.

With greater retention, plus a faster growth-rate, your lists will expand like a snowball. It’s the list building equivalent of compound interest.

The business experts you absolutely must avoid in 2021

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marketing blogs

In life there are certain people who you absolutely need to avoid. The same is true in business.

Some are easy to spot

  • The web designer whose website is a piece of crap.
  • The marketing expert, who embarrassingly needs to pester people on Linkedin because their own marketing doesn’t work.
  • The consultant or adviser who claims to be in high demand, yet offers free consultations.
  • The self-proclaimed leadership guru, who clearly isn’t leading.
  • The copywriter whose content is poorly-written and lacks impact.
  • The creativity expert who’s just like all the other creativity experts. (Think about that for a moment).

Others are trickier to spot

  • The marketing consultant, who used tricks to attract a million social media followers.
  • The accountant who understands numbers, but can’t clearly explain what they mean to their client’s business.
  • The strategist whose own strategy is failing.
  • The business development adviser who has never built a successful business of their own.

Protect your business from bad advice

The personal recommendation of a trusted friend is usually the least risky way to find an expert provider. Just make sure the friend has recent, first-hand experience of the quality of the provider’s work.

Another option is to hire someone whose work you’re already familiar with. For example, if you subscribe to a provider’s podcast, YouTube channel, blog or newsletter and they regularly share useful information, they’re giving you some powerful clues.

  • The fact they have turned up consistently, demonstrates a degree of reliability. This is especially the case if they have many years worth of material available.
  • You get to experience first hand, how knowledgeable they are from the quality of information they provide.
  • In addition, you’ll know in advance if they share information with the clarity you need.
  • You also gain an insight into their personality and mindset, which can help you determine if they’re the kind of person you work best with.

With an attractive looking website and some testimonials, anyone can claim to be an expert at anything. And that’s why you need to look deeper.

The cost of taking bad advice is far, far higher than the person’s fee. And the importance of getting the right advice has never been greater, if you want to successfully navigate your way through 2021.

Content marketing: 7 Topics that will grab the attention of your marketplace

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Content marketing, content tips

I write a lot about the importance of being useful with your marketing. A number of you have asked me if I can give you some specific examples, which you can apply to your content marketing.

And that’s exactly what I’ve done in this post. Each example is almost universal and represents something, which your clients and prospects are attracted to or extremely attracted to.

Start off by thinking about the services you provide or your product range. Then, consider the following themes and how you can incorporate them into your content marketing messages.

Each theme ends with a question to help you focus on how it applies to your business.

  1. People have an inbuilt need to feel connected: What are you doing, to connect them with useful contacts? The Wall Street Journal wrote about how I achieved this for one of my clients – 4 Marketing Strategies That Paid Off For Small Companies
  2. Everyone is trying to succeed at something: What are you doing, to help people achieve their targets, goals or dreams?
  3. We all need security: What are you doing, to help people reduce risk or feel secure and safe?
  4. We also share a common need for a sense of belonging: What are you doing, to create a community?
  5. Everyone wants to avoid wasting time: What are you doing, to help people maximize their time, or help them complete certain tasks, faster?
  6. People want to improve and expand their knowledge: What are you doing, to share useful information with them? This is the cornerstone of successful content marketing.
  7. Everyone wants to avoid unnecessary stress, especially now: What are you doing, to help people feel more relaxed and assured?

Are any of those themes missing from your content marketing? If they are, look for ways to incorporate them.

You’ll be very glad you did.

Marketing 101: Never sell to a stranger again

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marketing close

Smart people speak, because they have something to say.

Dull people speak, because they have to say something.

And the difference between those approaches is huge!

The same is true in business

When smart business owners connect with their marketplace, they have something interesting to share. When the average business owner connects with their marketplace, it’s usually a sales pitch or special offer.

Most small business owners connect with their marketplace when they need something. They need more clients, customers or sales… so they interrupt strangers with a needy message. They have nothing of interest to say.

Yes, the business owner is interested in gaining clients, customers or sales, but that’s only of interest to the business owner. The marketplace just sees another sales message from a stranger and ignores it.

A far better approach to marketing

The most successful small business owners do things very differently. They remain in contact with their marketplace, on an ongoing basis. They use articles (like this), newsletters and social networks to share valuable ideas and information. This keeps the smart business owner front of mind. But it does more than that. It causes their marketplace to think of them as a useful asset to their business.

So, when the smart business owner DOES have a marketing message to share, it’s received with enthusiasm. It’s received by people who, before they even read it, already know and value the source of the message.

And it massively improves their results.

More importantly, it can do the same for you and your business.

A comfortable way to attract new customers

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marketing approachable

How easy is it, for your prospective clients or customers to get in touch with you?

I’m not talking about how visible your phone number, email address or contact form are. I’m referring to something that is just as important and yet seldom written about: How approachable you seem to be, to a prospective client or customer.

For example.

  • When a prospect is reading your newsletter, how approachable do you sound to them? The best newsletters are written, so that the author comes across as friendly and informed. The worst are written by people who come across as lacking in personality or distant.
  • When a prospect reads your comments on social media, how approachable do you sound to them? Some business owners can appear patronising or sarcastic when people dialogue with them or ask questions. This is a really, really bad move, if you want prospective clients to feel comfortable contacting you.
  • When a prospect reads the about page on your website, how approachable do you sound? Many small business owners write their about page in the 3rd person, rather than speak directly to their reader. Instead of saying; ‘Hi, thanks for stopping by. My name is Bob and…’ they start with ‘Bob has worked in web design since 2002…’

Why does this matter to you?

All things being equal, we much prefer to do business with the vendors we like. We also tend to remain loyal to them and recommend them to our friends and contacts.

By building the human touch into the very foundations of your business, including your marketing, you start to nurture a positive relationship with your prospects. You help them form warm feelings toward you, long before you ever speak with them.

This combines to help them feel massively more comfortable contacting you, hiring you or buying from you.