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2.8 MB

Extraction Summary

5
People
14
Organizations
2
Locations
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Events
2
Relationships
3
Quotes

Document Information

Type: Book page / correspondence collection
File Size: 2.8 MB
Summary

This document contains testimonials and advice related to business efficiency and product testing, likely from a book like "The 4-Hour Workweek." It includes strategies for using Amazon Mechanical Turk, testing product viability quickly ("Fast to Market"), and a series of footnotes covering legalities of shipping, marketing headlines, and online tools.

People (5)

Locations (2)

Location Context

Relationships (2)

Matt Schmidt provided a testimonial regarding Fast to Market strategies
J Marymee provided a testimonial regarding Amazon Mechanical Turk

Key Quotes (3)

"A really useful service is Amazon’s Mechanical Turk."
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Quote #1
"The fastest way to market with a product idea is: Registera.com."
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Quote #2
"Reinventing the wheel is expensive—become an astute observer of what is already working and adapt it."
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Quote #3

Full Extracted Text

Complete text extracted from the document (3,492 characters)

. . .
A really useful service is Amazon’s Mechanical Turk. With a small investment in time or money, a business that requires hundreds of people doing small bits of defined work becomes possible for extraordinarily low work-per-unit costs. Examples include the search for Steve Fosset (literally thousands of people looked at satellite photos that would have overwhelmed SAR agencies) and a trouble-ticket business that utilizes qualified labor all over the world (see Amazon.com/webservices). I am not an owner nor do I have any stake in Amazon—but I have used their services and some are trans forming when it comes to muse creation. Cheers, —J MARYMEE
. . .
FAST TO MARKET
The fastest way to market with a product idea is: Registera.com. Get hosting from dathorn.com [a cheap reseller account, like www.domainsinseconds.com]. With two clicks set up a wordpress blog. Apply a theme to it. Add your content and a buy now button. The buy now button links to an enter e-mail address, phone number, etc., page. The user then clicks a continue to PayPal button. This automatically e-mails me their details, but then shows the user a message stating that the link to PayPal is currently not working. I use this to determine how many sales I would have achieved. I use Google ads to drive traffic ... I calculate theoretical ROI (ideally using Google analytics). If after a week or two I can see a positive ROI that’s worth my effort I create or outsource the creation of the product (emag, PDF, whatever). I set it all up with a working link to PayPal, and then retrospectively send a message to the users who already tried to buy. Normally within hours I’ve got all my money back, and the cash starts to roll. An example is the DIY public relations pack at www.mybusinesspr.com.au. Great work of the 4HWW ... looking forward to the next edition. Regards, MATT SCHMIDT
39. http://news.com.com/2100–1017–269594.html?legacy=cnet.
40. It can be illegal to charge customers prior to shipment—so we will not charge customers—but it is still common practice. Why do so many commercials state “allow three to four weeks for delivery” if it only takes three to five days for a shipment to get from New York to California? It gives the companies time to manufacture product and use customers’ credit card payments to finance it. Clever but often against the law.
41. This applies to Sherwood and not Johanna.
42. How did I come up with the most successful BodyQUICK headline (“The Fastest Way to Increase Power and Speed Guaranteed”)? I borrowed it from the longest-running, and thus most profitable, Rosetta Stone headline: “The Fastest Way to Learn a Language Guaranteed.(tm)” Reinventing the wheel is expensive—become an astute observer of what is already working and adapt it. I keep a folder of all print and direct mail advertising that compels me to call a number or visit a website, and I use www.delicious.com to bookmark websites that convince me to provide my e-mail address or make a purchase.
43. Sherwood includes shipping and handling prior to the final order page so that people don’t finalize the order just to confirm total pricing. He wants his “orders” to reflect real orders and not price checkers.
44. If you are rolling out after a successful test or building a large e-mail database, tools like www.aweber.com in the resources are better at scaling.
45. Keeping in mind that 100 specific terms at $0.10 per click will perform better than 10 broad terms
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