Quick Tip
The 40-40-20 Rule
What's the most crucial part of your marketing campaign?
That's what the 40-40-20 rule helps you answer. According to this rule, the success of your campaign breaks down like this:
- 40% is attributable to your list
- 40% is attributable to your offer
- 20% is attributable to your copy or creative
"The list" is anyone in your audience - email subscribers, social media connections, physical mailing addresses, etc. Always remember - your list represents real people.
If the list selection is off, even the best creative from the best copywriters will fail. This is why creating and using segments in your marketing is so important.
With the right list and average copy, even a fairly unremarkable offer can succeed.
Your offer is just as important as your list. But here's the catch - it hard (impossible?) to create a great offer unless you really know your audience.
Last but not least is your copy and creative (words & images). These are still important, but if you nail the list and offer, all you need to do is communicate clearly (easier said than done). But if you get the first 2 wrong, then the prettiest copy is just lipstick on a pig.
Key Takeaways - to increase the effectiveness of your marketing:
- know your audience
- create offers that solve their pains / help them attain their desires
- communicate your offer as clearly as possible
Yours for smarter marketing,
Bill
913.962.9261
P.S. Brian Kurtz, a giant in the direct response advertising world, sometimes refers to this as the 41-39-20 to stress the importance of audience (list) selection.
News, Tips, & Tricks
Jeff Bezos' final letter to shareholders
Amazon has to become a better place to work. That was one of the major themes in Jeff Bezos' final letter to shareholders before stepping down as CEO. He also talks about climate change, creating more than you consume, and differentiation.
You can read Jeff's letter here (pdf)
Facebook & Instagram Let Businesses Schedule Stories
Businesses on Facebook and Instagram finally have the ability to schedule stories using Facebook Business Suite.
For MacBook Fans
The new MacBook Air and MacBook Pro (the ones with the M1 chip) now have near-identical core specs. So MacBook Pro users may want to "upgrade" to the new Air, which in the past would have been a downgrade.
Click here for a detailed comparison of the new MacBook versions
Zuck wants his own clubhouse
Facebook announced they will be copying building several new audio tools including Soundbites, Live Audio Rooms, and podcasts that I'm sure are in no way related to the success of Clubhouse.
Book of the Week
The Common Path to Uncommon Success: A Roadmap to Financial Freedom and Fulfillment
John Lee Dumas' 17-step roadmap, created from the thousands of hours he spent interviewing over 3,000 of the world's most successful entrepreneurs.
Read more on Amazon (affiliate link)
Tool of the Week
Squirrly SEO
Get actionable steps for topping the search engine rankings using the power of AI. And right now, you can ditch the monthly subscription with this sweet deal from AppSumo.
Learn more here (affiliate link)
Like This Newsletter?
Let me know. Reply, email me at Bill[at]RebarBusinessBuilder.com, or find me on LinkedIn to hit me with some feedback. I’d love to know what you think.
Thanks for reading.
Bill
913.962.9261
P.S. - And whenever you are ready, here are 3 ways I can help you grow your business:
1) Get a copy of my free guide - Create a Content Calendar for a Whole Year in 3 Easy Steps. Just reply to this email with "Calendar" and I'll shoot you a copy.
2) Try the Marketing Mindset Scorecard See how each mindset is helping to grow or slow your business. Click here
3) Work with me 1-on-1 to build your sales funnel. Just reply to this email with "1-on-1" in the subject line... tell me a little about your business and what you'd like to work on together, and I'll get you all the details!