One of my favorite shows on TV of late is Shark Tank.

The show cen­ters on aspir­ing, brave, and some­times down­right idi­otic inven­tors and entre­pre­neurs who pitch their ideas in front of a group of mer­ci­less, seem­ingly heart­less mul­ti­mil­lion­aires, beg­ging for invest­ment capital.

Some of the advice that come from these “sharks” are pretty obvi­ous and com­mon­sen­si­cal, espe­cially to peo­ple who’s been in busi­ness for as long as I have.

But a lot of it is bril­liant. Bril­liant, but also brazen, unabashed, and bru­tally hon­est. It’s not for the faint of heart. If you don’t like see­ing peo­ple, along with their hopes, dreams, and busi­ness ideas being shred to pieces on TV, then this show is cer­tainly not for you.

The more I watch that show, the more I learn. It’s not just a fas­ci­nat­ing pro­gram, it’s a million-​​dollar edu­ca­tion in just one hour a week. And for free to boot. If you ever get a chance to watch that show, do it. You’re going to learn so much. It’s an amaz­ing show.

If an idea or busi­ness is dumb, dead, or down­right dread­ful, they will say it. Often, in no uncer­tain terms. They have to. After all, their money is on the line.

But then again, so should it be with you.

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The new year is around the cor­ner. It’s a time for res­o­lu­tions. A time for change. And some­times, those changes need to be drastic.

On Decem­ber 16, 2009, while we con­duct our reg­u­lar weekly webi­nar for our Suc­cess Chef stu­dents, we will be mak­ing a major announce­ment about rad­i­cal changes we’re mak­ing to our cur­rent busi­ness model…

… Changes that not only affect our stu­dents but also might affect the Inter­net mar­ket­ing train­ing indus­try as a whole.

So we’re open­ing up this live class to the pub­lic for the first time. For this one time, we’re invit­ing every­one who wants to join us on this webi­nar, and not just our pay­ing students.

These changes might sur­prise you. Or shock you. They even might make some peo­ple mad. But they must be made. And together with Sylvie Fortin, author of the con­tro­ver­sial Inter­net Mar­ket­ing Sins, we will be announc­ing those changes on that spe­cial webinar.

The rea­son is sim­ple — but it’s not what you think. We’re not sell­ing any­thing new. This is not a typ­i­cal pro­mo­tional or sales pitch webi­nar. It’s a spe­cial announce­ment, one we’ve been itch­ing to make for a very long time. All I can say is, “It’s about time!”

We recorded this very brief video and wrote this open let­ter to explain.

After read­ing some of my arti­cles on how to find copy­writ­ing clients, one of my stu­dents, Jeff, asked me an inter­est­ing question.

He’s an aspir­ing copy­writer and wants to build his own free­lance copy­writ­ing busi­ness. When he read that I wrote copy for free when I started my career as a copy­writer, he told me he was think­ing about doing the same.

How­ever, he won­dered if he should ask for some­thing, any­thing, in return. In fact, here was his question…

“Mike, my friends have a very small busi­ness, and they have asked me to do copy for them. They say they can’t really pay me that much. I have told them I will do it for free as long as I get rights to the copy and can use it for a ref­er­ence and in my port­fo­lio. I think this is a won­der­ful oppor­tu­nity to get more expe­ri­ence, but my wife wants to see some money on the table.

“I value your opin­ion. Can you help?”

Here was my answer.

Ask­ing for a con­ces­sion in exchange for offer­ing one is always the way to do it. While I believe your trade-​​off is good in prin­ci­ple, it’s still mea­ger. I would con­sider some money — or some larger con­ces­sion on the part of the client. Here’s why…

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I wrote this arti­cle way back in 1998. It seems to have made a resur­gence, espe­cially with today’s econ­omy. So I said to myself, “Why not repub­lish it?” So here it is. Enjoy!

If there is some­thing about which I’m pretty adamant, it’s the idea of attract­ing qual­i­fied prospects who are will­ing to do busi­ness with you. And this involves many dif­fer­ent things.

Posi­tion­ing is one of them. In fact, it has been one of my favorite mar­ket­ing con­cepts for this very reason.

How­ever, this fun­da­men­tal mag­net­ism is not only based on pure mar­ket­ing prac­tices or strate­gies. It also involves some­thing at a much deeper level that is far more effec­tive than any other mar­ket­ing tool or process in existence.

This “thing” to which I am refer­ring is, I believe, the most impor­tant mar­ket­ing secret I can ever teach you — and it’s far from being a secret at all. It is con­sid­ered as one sim­ply because it is often neglected or ignored by many mar­keters and businesspeople.

What is this “secret” that’s so elusive?

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If you have been liv­ing under a rock in the past few weeks, then you might have missed one of the biggest ker­fuf­fles in Inter­net his­tory. Or so it seems.

No, I’m not talk­ing about the con­tested elec­tions in Iran.

I’m talk­ing about the recent Face­book user­name frenzy, when Face­book allowed its users to reg­is­ter user­names, mak­ing pro­file addresses shorter and more memorable.

Lead­ing up to it, they used a count­down timer. Brilliant.

Last week, I was watch­ing a movie with my wife Sylvie Fortin. At 12:01 AM, I decided to log onto Face­book using my iPhone, just to see. And wouldn’t you know it? I man­aged to secure Face​book​.com/​m​i​c​h​e​l​f​o​r​tin for me, and Face​book​.com/​l​i​c​o​r​ice for our fan page.

(Sylvie also cap­tured “sylviefortin” for herself.)

The Licorice Group, LLC is the name of our pub­lish­ing com­pany, located in Las Vegas, Nevada. Obvi­ously, “miche­landsylviefortin” was way too long and would defeat the pur­pose of get­ting a shorter mnemonic. So I decided on “licorice.”

Any­way, you might be won­der­ing why I said this was a ker­fuf­fle. Well, hold on tight, because this one is a doozie (and there’s a mar­ket­ing les­son in here, too)…

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After the last, big, “mega-​​product launch,” and a bar­rage of me-​​too mar­ket­ing emails from the usual sus­pects, I’ve decided enough is enough. And it’s about time.

I’ve done some­thing I should have done a long time ago.

And I feel liberated.

I rec­om­mend you do the same.

That is, I unsub­scribed from 90% of the newslet­ters I was receiv­ing. I deleted fear­lessly. Unsub­scribed relent­lessly. Purged ruth­lessly. With­out blink­ing or look­ing back.

If you think it’s not a lot, let me give you a back­story. When I was the edi­tor of The Inter­net Mar­ket­ing Chron­i­cles newslet­ter over a decade ago (which has since been acquired by the late Corey Rudl), I sub­scribed to a lot of email newsletters.

Yes, lots. Like over-​​a-​​thousand lots.

I’m a speed-​​reader, so get­ting that many emails was never a big chal­lenge. And before you con­clude I was an email junkie, let me give you a few rea­sons in my defense.

For one, I wanted to be up on things. I wanted to stay abreast of new changes, new mar­ket­ing strate­gies, new soft­ware tools, and so on. (I still do.)

Sec­ond, it gave me a lot of fod­der while writ­ing edi­to­ri­als for the then pop­u­lar newslet­ter. I’m proud to have been instru­men­tal in help­ing them grow their list from 45,000 to 160,000 sub­scribers, and remem­ber that 160,000 back in ’98 was quite a feat!

And third, these emails served me well as they were also used for research pur­poses. As an up-​​and-​​coming copy­writer writ­ing a lot for the Inter­net mar­ket­ing crowd at the time, I wanted to see what oth­ers were say­ing, pro­mot­ing, doing, email­ing, and writing.

But this week­end, after last week’s ubiq­ui­tous mega-​​launch pro­mo­tional emails started clut­ter­ing up my inbox, it became the prover­bial straw that broke this camel’s back.

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Part of my job as a copy­writer is com­ing up with names. A while ago, I wrote a blog post on the power of names. I won’t repeat it here, except to reit­er­ate that brand­ing, albeit not a pri­or­ity for most, is still incred­i­bly important.

And it’s some­thing you mustn’t ignore.

Why? Because choos­ing a name for your busi­ness or prod­uct, even your domain name, is often the sin­gle, most impor­tant busi­ness deci­sion you’ll ever make.

To that end, let me share with you some nam­ing tips. In my expe­ri­ence, I have five char­ac­ter­is­tics of great brand names, which I call the five “S’s.” I encour­age you to fol­low when try­ing to come up with a solid, long-​​lasting, and highly prof­itable name.

For starters, let me point out that the best names are rel­a­tively short, easy to pro­nounce, and easy to remem­ber. They have con­sid­er­able mnemonic value.

And mnemonic value often trans­lates into finan­cial value.

A mnemonic is a device — such as a word, sym­bol, or sound — intended to assist in recall. If a name car­ries some mnemonic value, it will increase traf­fic, sales, and value to your busi­ness on its own. The more mnemonic a name is, the more valu­able it is.

There are var­i­ous rea­sons for this.

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