If anyone's interested, the comments I posted were:
"I think it depends on the audience. Who was this ad aimed at?
My guess is, if it was sent out to a list of non-incorporated business owners, the second ad would pull well.
So, Ill go with #2.
And my reasoning is that people will do more to avoid losing what they have than theyll do to make money.
Also, I agree with a previous poster that said the headline of the first ad doesnt really fit the body copy.
(and the notion of saving money - zero taxes - is hidden away
and not backed up very well in the excerpt we were shown)."
However, it's a bit like flying blind as:
(1) we've no idea who the audience is - for example, if it was sent to "hobbyist" businesses, the first might have more appeal as they'd have so much more to gain than to lose.
(there was a big thing in the US in the 1990s where people set up companies so they could write off a load of personal expenses ... a "board meeting" with the wife at a fancy restaurant etc.)
(2) don't get to see the whole letter (the first letter is only really starting to get going by the time Levis cuts is short).
So, it's a big crapshoot.
I've gone for the second as it's "more to the point" but, as Kimrunner said, it's hard to sell protection to a prospect that's not already worried.
Did you ever buy ted nicholas' $200 swipe book - all his most successful ads, and how they performed?
I thought about it, but it didn't push me over the edge.
However, I've got some old CDs with Ted Nicholas and I'm sure this letter is mentioned in it.
I should really go back and listen to them.
Steve