Bingo you gotta give some notice man. 6 Months or so is ideal.
Also you have to sell the copywriter on the project. Good copywriters have a virtually unlimited amount of people willing to work with them. Its the one missing ingredient for all direct marketing businesses.
Products are a dime a dozen, regular writers,
seo guys, programmers, those people can be found by throwing a rock in any direction.
But a copywriter who can sell your product like gang busters is one of the rarest creatures to walk this earth.
You see, the thing most people dont understand is how much effort goes into writing GOOD copy. While amateurs may spend a few hours writing copy and charge you a couple hundred bucks - the pros can spend weeks even months working on sales copy.
Gary Bencivenga easily could go through 20+ revisions which could work out to say 3 months of writing. Naturally, once this was done, he made more money than he could count in royalties - but you get the point.
There is researching, writing and polishing, all of which take up a tremendous amount of time and energy. I write around 700 bullets for every book I do a sales letter for. Out of those 700 - only about 100 or so will be used in the final copy. So that means I write SEVEN TIMES more than what you actually see in the final copy. Thats a lot of work.
On average I will write 139 headlines in the beginning. Then I will sit down and really work them over until I have a headline that is so eyeball sucking, so in your face - cant turn away that you cannot possibly do anything but read the deck copy.
To do all of this, you spend hours upon hours upon hours writing over and over again until it reaches a point of perfection. How many writers are willing to do this? Very few, most want to sit down, write an ad and collect their cheque for 10 grand. But it just doesnt work that way.
Consistently beating controls and creating winners that make cash is so much damn work. Personally I only write for myself and my friends who own businesses because they cant find anyone.
With a 5% conversion rate (not all that difficult to achieve) on a $39.95 product with an average cpc of 0.20 cents that means huge money.
Figure it out.
5 sales out of 100 visitors.
5 x 39.95 = $199.97
0.20 x 100 visitors = $20
So 199.97 - $20 = $179.97 Profit
Now lets say you get 10,000 visitors per month. Being conservative of course.
Since you make $179.97 per 100 visitors (this does not include having an upsell, downsell or cross sell or autoresponder follow up)
We can just go 10,000 / 100 = 100
So 100 x $179.97 = $17,997 Profit Per Month X 12 Months = $215,964 A Year!
When you put things into perspective you are really paying someone $5,000 for $215,964... which means... You are really Buying Money At A Discount!
Of course, none of this matters if you dont get a 5% conversion rate. Oddly enough sometimes I offer a guarantee to give a certain conversion rate (provided the traffic is targeted and the offer is good) and that I will not rest until that conversion rate is achieved.
Naturally I get a royalty plus upfront fee. When you can make this much money for people you can get away with charging the same things too.