Magnetic Sponsoring

April 13, 2009

How to Lose Friends, Irritate Everyone and Lose Sales in the Process, by Ken McVay

There’s a chap in Florida that markets himself as “the Master of Internet Prospecting.”

He is a good mentor, he provides a good product, his training videos are concise and complete, and his websites convert well.

I know these things because I paid the man $200 for one of his video courses so I could learn how to use social networking sites for developing prospects.

I was, and am, fully satisfied with the product I purchased, although I quickly discovered that things weren’t quite as simple as this “guru” led me to believe.

I got my money’s worth, but he will never get another penny.

“Ouch!” you say? What’s wrong with this picture? How did this man move me from “completely satisfied customer” to “irritated victim?”

One of the products this man provides is a daily motivation site which uses a scheduled autoresponder to send subscribers a daily motivational message. This message, with copyright information included, can then be used to keep your name in front of all of your social networking “friends.” The motivational messages are free, and may be freely republished, so long as you include the copyright data.

I use them every day on MySpace, where I have more than 4,000 friends. I know – because many of them tell me – that everyone enjoys reading these inspirational messages. In fact, many of my MySpace friends pass these messages on to their friends, where they act as a viral marketing tool for their author.

That’s neat, and I’m grateful to have this service. I get free value, he builds a viral market.

Alas, once you’ve subscribed to these “daily motivations,” you become a target for seemingly endless sales pitches for this or that training course. How endless? On one memorable day, I received more than six of this man’s pitches! As if that weren’t annoying enough, I also get the same messages from the scheduled autoresponder he uses to maintain contact with his paying clients.

So, Instead of SIX sales pitches that memorable day, I got THIRTEEN! Perhaps you begin to understand why this man is unlikely to get another penny out of me. He abuses the trust his subscribers place in him and overloads them with spam. I am not going to reward his poor judgment by giving him more money, and neither should you.

I bought my original course in February of 2008, so I have been receiving this man’s marketing barrage for more than a year. During that time, I have made some interesting observations. He does long run-ups to promote his training programs… I hear about them for a month or more before the actual date arrives. He always includes testimonials, which is good marketing practice, but I rarely find them convincing. They seem just a bit too self-serving to me, and the irritation I feel at receiving one or two pitches from the man every day diminish the credibility of his message.

He also – always – warns that the class is about to sell out, then, at the last moment, he describes some sort of “mistake” that forces him to offer “just one or two more seats” to – you guessed it – the same weary targets.

“My server crashed during the final moments of sign ups,” or “My son made a mistake and may have deleted some of our late sign ups,” or “Our credit card processor’s software failed at a critical point, and your orders may have been lost.” You get the idea… Every single ad campaign for every single course includes one of these “disasters” that “force” him to re-open registration, “just in case we missed your order.”

I subscribe to a good many mailing lists. Most of them are quite valuable, and none of them, with the singular exception of “the Master of Internet Prospecting,” abuse the privilege I have granted of being welcome to access my Inbox whenever they wish, and that leads us to the point of this exercise.

Every single one of them provides me with valuable free information, and every single one of them wants to sell me something. I know that, and they know I know, and it works. It works because everyone wins.

When I get mail from Frank Kern, Mike Dillard, Tim & Anthony Buchalka, Anik Singal, Brent Hodgson or Steve Clayton, I read it.

I’m a big fan of Mike Dillard’s “Magnetic Sponsoring,” and those of you who have read Mike’s powerful book already understand why I axed “the Master of Internet Prospecting” from my reading list, while I continue to read Kern, Clayton, Mike Dillard and the others.

Mike Dillard is representative of them all. He does not contact me on a daily basis. When he does, he gives me valuable free advice long before he adds a sales message. That advice is so valuable that I recommend Mike’s newsletters to anyone, whether they ever intend to buy his products or not. Frank Kern and the others are the same. They offer real value, and they treat their readers with respect. In return, they generate sales, over and over again.

The guys who “get it” provide me with value whether I buy from them or not (I often do… that’s a clue!) They help me improve my marketing skills, obtain better Page Rankings on Google, and maximize my income. They never, ever, insult my intelligence, and they never, ever, flood my Inbox with garbage. When they ask me for my money, I often give it to them, and when I don’t, it isn’t because they’re annoying me, it’s because my monthly budget has been exhausted.

They never seem to suffer those nagging problems “the Master of Internet Prospecting” seems to encounter on a regular basis.

Frankly, I think “the Master of Internet Prospecting” should get a copy of “Magnetic Sponsoring” and discover why I don’t read his email any more.

Ken McVay has been marketing online since 1998, and is currently writing an online training guide to creating and maintaining monetized blogs. Ken’s an avid fan of Mike Dillard’s Magnetic Sponsoring, and invites you to visit his Magnetic Sponsoring blog at http://KenMcVay.com

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April 6, 2009

“Celebrating John today…”, an email from Mike Dillard

Filed under: Magnetic Sponsorship, Mike Dillard — Tags: , , — admin @ 12:51 pm

Networking Newbie With Zero Experience Replaces $90,000/Yr Income In Just 23 Days…
Hey Ken!
Wow it feels good to be back at work! I know that might sound a little nuts, but after spending the last 3 days moving into a new house, going to work is like taking a vacation ;)
I’m going to take some pics of the new pad today and will send them to you later this week!
Anyway, I have TONS of really cool stuff to share with you later this month, but TODAY is about celebration…
Yep… We’re celebrating another family that’s been set free from corporate America, and who now lives a life of freedom, and without limits thanks to a little ebook you’ve probably heard of  ;)
So please help me congratulate John Seiferth, (who’s never been involved in networking before), on replacing his corporate income in just 23 DAYS.
(And you’ll never guess where he worked before!!)
THANK YOU John for sending me your story and allowing me to share it with the rest of the world. Here’s his story for you Ken…
- Mike
It Was The Summer of 2007…
I had been working for about six years as the IT guy at The Rich Dad Company for Robert and Kim Kiyosaki.
That’s right. I know what you are saying because I get it all the time, “That must have been awesome! What an experience!
Well, you would be right. It was awesome and it was one of the most educational and exciting periods of my professional life.
I learned more working for Robert about business and investing, than I did in my Bachelors AND Masters degree programs combined!
And those were Business degrees!
Needless to say, when it comes to money, real business, entrepreneurship and investing, you don’t learn jack in school. And I found that out when I came to work for Robert and Kim.
Actually, the way I landed the job was an accident. I had never heard of Rich Dad Poor Dad or Robert Kiyosaki and had no idea what this business was about. Well that changed quickly.
From the first day, it was clear that this was a different kind of company. In fact, one of Robert and Kim’s goals is that everyone working for them will eventually leave and start their own business and put their education to work.
Well, that is where this idea of “networking” really comes into play.
I met someone, who introduced me to someone, who introduced me to a guy by the name of Mike Dillard. At the time, that didn’t mean anything to me. Who in the blazes is Mike Dillard?
Again, I was completely clueless.
I had always been allergic to network marketing, direct sales, and all of that garbage. I felt that if I did not REALLY believe in the product, there is no way I am going to be able to sell someone else on it.
Call it my sales/marketing conscience. I don’t know.
But here was this guy Mike who was making more money in a month than I would make in five years! There HAD to be something there.
So Mike and I started talking. I asked him for some feedback on some Rich Dad stuff we were doing and he was gracious enough to help out. He never pushed anything on me.
In fact, the first time we met, he came to Scottsdale, AZ to the Rich Dad offices so we could talk about doing something together. Well, he walked into that office in true Alpha Dog style. (He actually took that picture of me above during his visit).
Here I am thinking he’ll be impressed that I work at Rich Dad and be falling all over me, just like everyone else does that walks in the door.
NOT!
I’ve never seen anyone so confident and on task. Over the next 1.5 hours, he completely tore apart the Rich Dad website and found an estimated $30,000,000 in sales revenue we were missing out on.
It was like watching someone with X-Ray vision who could just see all of the missing pieces without effort.
Obviously that made a big impression on me.
Now fast forward 12 months.
In July 2007, I was finally ready to put my training and on-the-job education to the test. Could I literally jump head first into a entrepreneurial venture and make it work?

Well I was about to find out, because that week I put my job at Rich Dad behind me.
I was officially on my own, with no other source of income.

The first call I made was to Mike. He was the smartest, most successful business owner I had ever known. He should be able to steer me in the right direction.
His first assignment for me? Read Magnetic Sponsoring.
What? You don’t understand here my friend, I just left a $90K a year job to start something from scratch and you want me to read a book? This does not sound promising.
All I can tell you is that my mind made a QUANTUM shift that day. I was staring down the gullet of an entirely new paradigm. One that I had no idea existed.
Remember, I had no network marketing experience, no internet marketing experience and I’m scared out of my mind! Not to mention the fact that I am taking my family along for this ride as well.
No pressure.
Well, the secrets, mindset, techniques, education I gained from Magnetic was PRICELESS! I can’t put it any other way.
That book saved my life. Literally. I know that sounds corny, but it is true.
So what’s the bottom line here?
By implementing the things I learned in Magnetic Sponsoring (as well as Black Belt Recruiting, Traffic Formula, Building on a Budget, all of which I picked up immediately), I was able to FULLY replace my income from The Rich Dad Company within 23 days of getting started.
And since then, I’ve been averaging over $10K a month. Remember, I had no idea what the heck I was doing. I simply followed the training, Mike’s advice, and maintained my “do whatever it takes” attitude.
In fact, I received a leadership award from the Co-founders of our company at our recent event in Lake Tahoe, CA. How cool is that!?
There is no question in my mind that without Magnetic Sponsoring, the community and my friendship with Mike, I would have failed miserably and taken my entire family down with me.
I was thrilled when Mike asked me to share my story with the Magnetic Sponsoring community. I am so grateful for everything Mike has done for me and I want to publicly thank you, Mike for your mentorship.
I hope you don’t think it is too strange that I now refer to you as MY rich dad (even if you are 9 years younger than me). ;)
With gratitude -
John Seiferth

=====================================
So how did John pull off such a feat?
Well I can tell you because I watched him every step of the way, but you might be disappointed because it’s not sexy or unique.

John simply did everything I told him to do without question or hesitation.

He’d go through the training courses, implement what he learned every night, and never make excuses.
23 days later, he had replaced his income.
I wish there was something new and cool that I could tell you about, but there wasn’t, and there still isn’t.
It’s all sitting right there in the pages of Magnetic Sponsoring.
Please understand that the training in that course isn’t experimental. It is THE blueprint for achieving success in this industry, and John’s one more living case study that proves it, which is why I’m not going to sit here and waste my time trying to sell you on it.
If you can’t see the value in this kind of knowledge on your own, there’s nothing I can say that will change things.
I’ll just say that if you haven’t read it yet, I’d urge you to give it a chance. You can have it in your hands within the next 5 minutes, and it comes with a 12 month, no-questions-asked guarantee so you have nothing to risk.

The call is yours to make…

My best,
Mike Dillard


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