Gary Halbert · whole document (72)
2005 - 09-15-05
Operation Moneysuck!
Let's say you are a copywriter and you want
to make a lot of money from the words you write. One way to
do this is to simply be a freelance copywriter and sell your
work to one or more clients. You can write for a set fee... or...
you can write and get paid a percentage of gross or net
sales... or... you can do a combination and charge a certain
amount up front plus X percentage of gross or net sales.
There are a lot of good clients out there who will pay you a
good amount of money in return for you creating good advertising
copy for them.
But, there are also a lot of bad clients who will screw you one way or another out of the
financial rewards of your hard-earned work. How shalt thy be
screwed?
There are two main ways:
#1: "Simple Theft"
You do the work, give it to
the client and he simply doesn't pay you. Or maybe he will
pay you your up-front fee but not the percentage from the sales
you are supposed to get (which can amount to an awful lot of
money). Almost every copywriter I know has been screwed in
this fashion. But the truth is, "Simple Theft" is the least significant
way you get screwed.
The preponderance of how you get
screwed out of money from clients is...
#2: "Under-Exploitation Of Your Work"
What I
mean by this is, you write something with a high ROI
(Return On Investment) but your client proceeds with almost
criminal caution. If it's a direct mail piece, maybe he'll
mail 5,000 letters and get $5 for every dollar he spends. But then he won't want to mail any other letters until he
tests a blue reply envelope against the white reply envelope
used in the test.
Or, maybe he will fear getting an
abnormal amount of refunds and he'll wait forever to make a
second mailing until he feels safe he's not going to
get a 70 or 80% refund rate.
Or,
maybe he has a merchant account with an absurd limit of only $10,000...
and...
you have given him a mailing piece, newspaper ad or website
that will gross much more in half a day.