The magazine hit the planes on October 15, and goes off distribution on the 29th. To date, the article has moved 37 of the 60 fans that I had in stock. That’s zero-cost advertising – in fact, they paid Anne to write the story! Even better, the
This is easily my single most successful promotion to date. I exceeded my sales goal for the last week of October, and came within striking distance of making the month (which would be a first). It’s my second-best week ever, and there's still a day and a half left in fiscal October; if I use calendar accounting instead, I’ll almost surely show my first-ever monthly profit. If it weren’t for October’s “web development” expense (which comes from startup cash, and should have been paid in September), I would already be in the black. Even my open-to-buy has a positive balance…although I won’t sit on that for long!
I wish I could repeat this. With ample help from my wife (I mean, my "vice president for marketing"), I’m creating a media kit for distribution to about 100 newspapers in major cities and college towns. The objective is to get my products included in their holiday gift guides. If I can get even half a dozen mentions comparable to the American Way insertion, success will be assured.
In another marketing development…one shopper, who found my pay-per-click ad for novelty golf balls, is organizing a Spring 2007 golf tournament for 200 ladies. The event will have an “wild and crazy time” theme, and she wants 200 sleeves of animal print golf balls as gifts to the participants. Cha-ching! But she can’t afford to pay $10 apiece for them, and asked what kind of quantity discount I could offer her. She mentioned ad space in her magazine as an incentive.
The magazine is called Gentry. It circulates to 77,000 wealthy older readers in the greater
This is how I will grow
Other Forthcoming Topics:
- What Does Success Look Like?
- Credit Card processing fees
- Possible Futures
- Planned features