Collective Brilliance can give your business the most pertinent information in uncovering the next big thing(s). It is a process of strategic
marketing analysis that thoroughly examines your business in 3 dimensions. In short, it taps the brilliance of your team, your customers, and
your competitors to give your business a significant edge.
Mailing Address:
Big Innovations, LLC
12488 SE Plandome Drive
Hobe Sound, FL 33455
(near Palm Beach & Miami )
7
WELL-PROVEN WAYS BI CAN HELP YOU SET PROFIT RECORDS THIS YEAR BI’s
core competencies range far beyond design, creative and recommendation-oriented deliverables. Having been Directors, VPs and Presidents of
some of the most profitable financial publishing (FPs) companies in the space, and having helped a wide variety of investor-serving businesses
of all sizes break records since founding BI in 2004, we have the experienced know-how to bring cutting-edge solutions to any recommendation,
education, software or trading tools-oriented business hungry to grow now. Below, find brief descriptions of 7 big innovations proven to yield
substantial profit for financial publishers or investor educators...
1. Premium-Priced Subscription Product: FP “kings” make the majority of their profits with email alert services
(up)sold to their existing database. This usually increases their annual average revenue-per-subscriber by 500% (yes, that's FIVE HUNDRED
PERCENT) or more. Compared to newsletter publishing, this kind of service is typically far easier to manage and publish, yet commands lucrative
revenues many times (often 10-50 times) what you charge for your flagship product.
Since the target market is primarily the list you already have (these products are typically upsold to your own database), margins are sky
high. But here's the best part: you can use a chunk of the substantial surplus cash you gain from these sales to significantly increase your
new customer acquisition budget. Growing your subscriber acquisitions expands the upselling opportunity for premium services, which then
fuels even more acquisition potential. This is how the “kings” create the robust cash flows to rapidly buy their way to industry
domination.
A premium model can yield a lot of profit, well beyond what you've ever experienced when properly applied to even the smaller publisher's
business. With BIs deep expertise in premium product business models-including long stints running some of the most successful premium
subscription business models in the industry- we can help you build your own best-in-class model and rapidly harvest substantial profits
in the short-term. As a general guideline, every 500 active newsletter subscribers is probably worth around $110K in additional revenues
each year.
What if you already have a premium model? BI can bring enhacements to grow yield, by helping you integrate well proven solutions missing
from your own implementation.
2.
Telesales Team: Some of the most profitable playersin the space have a crucial secret of success. They know that
using a cost-efficient telesales team to support their marketing acquisition, upsell, cross-selling & renewal campaigns dramatically
increases ROIs by three to six times. That’s:
•3X-6X more sales conversions.
•3X-6X more renewal orders.
•3X-6X more upsells & cross-sales.
If your business is depending on marketing alone, imagine your own results multiplied by 3 to 6 times! Adding a quality
telemarketing model is a great way to explode your revenues.
BI has a long history of helping companies harvest the profit-multiplying power of telesales. We can help you cost-efficiently test your
way into a telesales solution so that you can sample the dramatic impact before making much of a commitment to this new powerful asset. Whether
you would want to install your own team or use a proven outsource solution, BI can help you every step of the way. What would 3X-6X better
results mean to your business this year?Learn
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If you already have phone sales/service agents, BI can draw upon multi-company experience to help you increase revenue-per-salesperson. Even
small improvements in this metric can add up to substantial gains over the course of the year.
3. Modernize Your Newsletter or Education Product: Do your products look outdated? There was a time when making a newsletter
look like it was created on a typewriter was perceived to be a benefit. That time- like that typewriter- is long gone. In 2010, children
use modern software to produce very polished documents. Are you still asking people to pay you $100+ per year for a newsletter that looks
like it was designed in the 1980s or 90s? A sharp, modernized design- like the BI designs shown below- makes a much better, "WOW!" first
impression- a major key to building up your product's perceived value.
You may also need killer function to go along with that new eye-grabbing form. If you allow BI to help you modernize your product,
we can:
•draw upon well over a decade of FP industry market research to enhance your product with customer-desired features that
are not there now,
•help you engage your existing subscribers so that you incorporate their cumulative desires,
•help you weave in direct competitor features so that prospective buyers see little reason to buy elsewhere,
•work with you to blend in any exclusive innovations you’ve always wanted to add, and
•do all of this without making the actual production of the letter any more complicated than it is now (we can probably
make it easier to publish each letter).
Great marketing always involves striving to win in all of these dimensions. Let our talented team help you make your product(s) much more
appealing. A product enhanced with the best customer & competitor-driven features and long-term industry research, blended with any new ideas
you have, and packaged in a modern, standout design can win you major points with your existing base (measured in record renewal revenues),
while attracting new customers much more effectively than showing that same old design that was last updated how many years ago??? Ask BI
how we can help you stand out from the crowd.
4. Modernize Your Website: Many FPs put up their websites long ago. And it shows! A tired
design doesn’t maximize lead and customer conversions; it tends to immediately undercut perceived value in everything you offer, and
drive potential buyers away (after all, if the seller doesn't put much into showcasing their company and products to the fullest, why should
a prospective buyer believe there is much value in that company and their products?). There’s a profit-oriented reason why retail stores
regularly renovate their storefronts. Does your website cast a modern image that motivates visitors:
•to stay?
•to share their contact information?
•to buy your products?
From a design perspective, does your website make you look like a cutting-edge alternative for individual investors, or a company that might
not even still be in business? When you review competitor websites, do you wish that your site was as polished? We can help you leap ahead
of the competitive landscape with a cost-efficient website modernization project.
And when BI builds or renovates a website, function follows form. That means we draw upon all that we’ve learned from working with
some of the most successful players in the space. We also utilize exclusive and cumulative market research to design customer-centered sites
that wow prospective buyers. We analyze direct competitor sites to insure that any “best of” features can make it into our client’s
new site, mitigating reasons for prospective subscribers to shop elsewhere. Consider these questions:
•Is your website loaded with the crucial marketing & sales hooks to maximize lead capture and customer conversions,
new acquisitions, upsells & renewals, organic search discovery (SEO), etc?
•Does your site imagery link with your product design to showcase a professional, unified brand? Or do your products & website
look (up to) completely disconnected?
•Does your website offer the 3 crucial product types to compete against the most successful companies in the FP industry?
•Is your ecommerce flow smooth & intuitive, or do you notice you are losing too many prospects before they finalize
their order?
•Are your subscribers given channels through your site to help you evolve it to continuously delight them? Does the site
help them realize enhanced value in the products they buy from you, motivating them to give you profitable renewal dollars year after year?
•Is the site warm & welcoming for those crucial first-time visitors, enticing them to give your product a try, or at least
share their contact information so that you can exploit this no-cost source of quality, relevant leads through subsequent low-cost tactics
like e-marketing?
Website technologies evolve very quickly. If you are not close to cutting-edge, opportunities to grow are decaying right out from under you.
BI has mastered the art & customer-centered "best of" functionality of website design or modernization for financial publishers.