"MBA in a Box" Daily Challenge Diary!

Posted on Jan 8, 2009 in Conversion, Featured | 5 comments

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The Challenge Is Over, But you can Still
See the Amazing Results Below:

mbachallengebannerYou’re going to see AMAZING things happen on this page.  You’re going to see exciting tales of go-getter entrepreneurs and business people DRAMATICALLY boosting their profits by implementing the FREE FormulaFIVE principles we’ve given away at http://www.StomperF5.com.

They’ve been participating in this incredible life-and-business-changing Challenge as well as for a chance of winning fabulous prizes!  Including the GRAND PRIZE of a FREE copy of FormulaFIVE including ALL Fast-Mover Bonuses… OR a MacBook Pro Notebook Computer.

Final Entries Must Be Posted Below by 6PM Eastern, Sunday January 18, 2009 to be eligible.

(NOTE: The Challenge is closed to new entrants at this time.)

Visitors, you can CLICK HERE to jump ahead and start reading the Challenger Diaries Right NOW!
Contestants, please read the instructions below before posting.

Contestant’s Instructions for Daily Diary Entries:

In order to win a prize in this Challenge:

  • You must currently have a business in operation.
  • You must be registered to participate in the contest.  (Registration is currently closed to new entrants.)
  • You must apply at least one of the specific Formula FIVE techniques discussed in any of the videos we have released.
  • You must be able to prove the ‘before’ and ‘after’ details in your post below.

Each entry must contain the following:

  • The business problem – The “Before” status
  • The number and type of specific FormulaFIVE techniques implemented
  • Which one(s) you did and how you implemented them
  • Time it took to get the first result
  • Level of success (% increase in sales, margin, etc)
  • Projected Long‐Term Impact on the Business

You have to be able to prove your results to win.  If there’s a chance you could win, we’re going to ask for your phone number (via the email you provide in your post below).  By winning, you’ll also be agreeing to let us publish the results.   Since this promotion will probably be seen by over a million people, it’s hard to imagine how that could hurt your business!

You can keep entering every day but only once a day for the daily prize.  All valid posts will be entered into the final drawing.  However, every separate FormulaFIVE tactic you use will get you an extra entry into the grand prize drawings.  Remember, if you make a YouTube video of your Challenges (and include a link to the Challenge in that video), we’ll DOUBLE your entries into the drawing.  Include links to any videos you make in your posts.

Finally, we have a sample post below, so you can get an idea of exactly what we will look for when selecting prizewinners and eligible entries for the grand prize drawing.

Paul and Andy,

I sell a bunch of different things online, including my main product, Optimized Widgets. I was selling about 100 Widgets a month before I implemented the “Wing and a Prayer” F5 technique, or a bit over 3 Widgets per day.

When I saw your video on Monday I decided to try this method, and went ahead and raised my price by 15% (what the heck right?) that day. It’s now Friday and I’m still averaging 3+ widgets per day.

This means I’m putting $15 more in my pocket for every single Widget I sell. If this stays steady (and after I do “Valuizing” next I’m sure it’ll just get better) I’m on track to put $18,000 more profit in the bank this year!

Thanks!

Frank

If you have any questions at all about the Challenge, please email us at f5contest@stompernet.com.  All rules on the Rules and Registration Page for the contest still apply.  (Note: Registration is closed to new entrants.)

Leave your entries below and Good Luck!:


  • http://QuickieProfits.com Jeff Mulligan

    Winner!
    ********************************
    Friday Jan 9th WINNER
    ********************************

    Click Here to see ALL WINNERS!

    The FormulaFive MBA in a box PDF report, talked about getting business from old customers and prospects you’ve ignored. I remembered a list of prospects I had built in 2006 and hadn’t mailed for two years. The reactivation idea centers around warming up old customers and prospects so you can sell them more.

    I had a new infoproduct relevant to the list, which had around 3000 people on it. I decided to email them about the new product. Results? $1,706 in sales from one email that only 200 people clicked on. 6% conversion. That excellent conversion leads me to believe that this product is very well targeted for the list and I should easily be able to double or triple that revenue over the next week as I properly warm them up and follow through.

    Video at: http://www.youtube.com/watch?v=GA0bAPdt3xY

    Jeff

  • http://jimsdigital.ca James Bond

    Andy
    I would be interested in the “LEAD LANDSLIDE” information.
    However, aside from that, I really have to thank you so very much for the info I’ve already received from you videos. I am so excited about the possibilities I can realize with the tips you’ve already shared. Things that are so simple, and yet they never occurred to me. You’ve given me hope that I can make my business profitable and viable. Thank you again.

    Jim Bond

  • http://hillbillydirect.com Jeromy

    I have a number of digital items that I sell on eBay. They sell for around $10 each. Would the simple principal of raising the price work for this too? What is a price point that would be good for a CD? I could go to $17.

    Clearly some folks have really been doing well implimenting F5.

    I have a number of projects on the go and must focus on these before taking on new tasks. However, I am sure that when it comes time to find further guidance, I will be coming to you guys at Stompernet. I have been implimenting many recommendations from your magazine, The Net Effect. These have been helping me a lot (wish I still had the magazine coming).

    Thanks so much folks!

    Jeromy

    • http://hillbillydirect.com Jeromy

      The challenge I find, I am sure I am not alone here, is TIME. Finding the time to put all the pieces together. If one has the budget, Outsourcing would likely be a big boost to a persons business activity.

      I absolutely loved the NetEffect. I look forward to receiving it again soon. I have subscribed to three different Internet Marketing Magazines and The NetEffect is BY FAR the best I have read. I am finding myself reading and re reading it over and over.

      Cheers!

      Jeromy

  • http://www.scarboroughwebdesign.co.uk Sue

    I have had a sudden shock, in a previous post I said we raised our prices worked out how much this was going to increase my profits etc etc that wasn’t the shock that was the jelly knees stuff lol

    the shock I have had is that I have now realised that my whole world was completly absorbed into my computer – I have been so busy with doing clients work that I obviously haven’t had time to look around beyond my screen! What do I mean by this?

    Well after we increased our prices by what I thought was a huge amount 117% for one service, that when I looked around at other businesses in the same niche my price increase came in still under their prices! some level with their prices yikkesssss!

    I thank you guys for waking me up for getting me out of my cave lol my prices were too low and I didn’t check out competitors prices! doh! A huge no no in business
    wake up everyone don’t become so absorbed in your world – check your competitors lol

    I wonder how long I have been loosing money :(

    I have watched the second video and am now taking steps I have written a plan of action that will be taken – I have been asleep for far too long!
    cheers
    Sue