Funnel Mastery
Funnel Mastery
Disclaimer
This e-book has been written for information purposes only. Every effort has
been made to make this e-book as complete and accurate as possible.
The author and publisher shall have neither liability nor responsibility to any
person or entity with respect to any loss or damage caused or alleged to be
caused directly or indirectly by this e-book.
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Table of Contents
Introduction ........................................................................................................... 7
Effort ..................................................................................................................... 9
Risk .................................................................................................................... 10
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Follow Up Content ............................................................................................... 19
The Up-sell/Down-sell.......................................................................................... 19
Engagement ........................................................................................................ 29
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Chapter 6: Driving Traffic To Your Online Sales Funnel .................................... 32
Conclusion .......................................................................................................... 47
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Introduction
Do your market research right. That means forgetting about yourself and putting yourself
in the place of your customer. What do they want from your sales funnel?
Forget about what you think is great about it, and start thinking like your
customer. You may focus on how your vacuum cleaner is so powerful it can
suck freshly spilled wine from your carpet, but what size is it and how
economical is it? Your customer may want a vacuum cleaner that fits in their
utility closet or doesn't use much power.
Add the most stupid simple, one-click payment option you can to your website.
That includes making said payment option mobile responsive. The use of the
internet on mobile devices continues to rise on a monthly basis and shows no
sign of slowing down.
Sites that minimize the requirement to jump through hoops are maximizing on
purchases from mobile devices, where users are more likely to drop out rather
than continue the purchase when faced with multiple steps in the buying
process.
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Keep sales and marketing separate. The term “sales and marketing” gets
bandied about quite a lot - and almost always treated as if they are the same
department. They're not.
The role of your marketing department is to gain and nurture leads, and the
sales department are responsible for taking orders. The majority of the work
belongs to the marketing department, who should help shape the customer's
awareness of the product before the sales department takes over.
Follow up with leads continually. Don't allow a gap anywhere in your funnel
where a CTA is missing for the next step. Always Be Closing. Not in the old-
fashioned sense of pressure selling, but in the modern application, of always
being there for your customer.
Hire the best copywriter you can afford. A good copywriter can look at your sales
pages and eliminate the unnecessary copy, ditch the parts that focus on features
where benefits are more suitable, and more. Having a clear and distinct purpose
for each landing page in your funnel is vital.
Challenge objections head on. If you ignore objections or try to sweep them
under the carpet, you're going to start worrying every time you get close to a
sale.
You're also going to lack the real confidence you need that your customer isn't
going to come back to you the day after they have bought from you, requesting
a refund.
Finally, you can't do all this alone. Outsource where you lack the proper skills.
It's a small investment in your long term profitability.
Of course you need to make sure that your visitors are interested in what
you’re selling, that they know what it is and that they think it’s worth the
money.
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But even at this stage, you might find they still don’t buy from you. In that case,
the likelihood is that they’re psychologically blocked from buying by something
that putting them off of the idea.
These are your barriers to sale. And at this point, these are all that is between
you and a new customer! So what are these barriers and how do you break them
down?
Trust
The first barrier to sale is trust. That means that you need to make sure your
buyer trusts you enough to buy from you and trusts your website as well so that
they know their details aren’t going to get lost in the clouds. Buying from
brands online can be nerve wracking because we have no way of guaranteeing
they’re really going to send us the products.
So how do you overcome this? One option is to show social proof with customer
reviews. Also important is to make sure your site looks as professional as
possible so that there’s no question as to whether
you’re a professional outfit.
Effort
Also standing in your way is the effort of buying. That is to say that people hate
having to input their details and go through the process of getting out their debit
card and this can be enough to put them off buying something they want!
The solution is to make sure you’re making it as easy as possible for them. One
of the best ways to do that is to use a well-known payment gateway – like
PayPal!
Buyers’ Remorse
Buyers’ remorse is the guilt that someone often feels upon buying –and the guilt
they anticipate to feel prior to making that purchase. You need to mitigate this
and one way to do that is to demonstrate that your product is an investment in
some way, or that it will make life genuinely better.
Risk
There is still always risk with a product. For example, it might just not be as
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good as it looks on your website! To overcome this, one thing you can do is to
offer a full money back guarantee.
In reality, few people are likely to use it. Simply having it there though will usually
be enough to make them much more likely to buy from you!
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Chapter 1: The Power Of
Increments In Selling
An increment is a small change. If you count to ten by going from 1.1 to 1.2 to 1.3, then
you are counting in increments.
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For example, if you are buying a house for $260,000 and the vendor asks to
increase the cost by $1,000 – chances are that you won’t bat an eyelid. After
all, what is $1,000 in relation to $260,000? But now imagine that you’re buying
a $5 chocolate bar and the seller wants to increase the value by $1,000… how
do you react? You just lost $1,000!
But here’s the thing – you still lost just as much the first time around. You should
still have fought just as vehemently not to let the price increase. But you didn’t…
And as a result, the vendor got to keep
$1,000 extra of your cash!
If you tried to encourage your visitor to spend $1,000 right away on a training
course, chances are they wouldn’t be interested. But sell them an ebook for
$100, a video series for $250 and a workshop for $600
and suddenly the jump to $1,000 doesn’t seem quite so much.
They’ve already spent $600 with you, they’ve already had a good experience
doing that… so what is $400 more? Why should that matter?
Whatever the case, knowing your reason for being will then help you to make
all subsequent decisions for your company. It will tell you which products are
worth developing, which partners to work with and how to market your
business to others. What’s more though, is that it will allow you to build real
fans and a real following.
But if all your company is about is selling something to make money, then
you’re not giving people to get behind you or to show an interest in you.
Try to have a vision and a passion and to make sure this comes across and then
your audience will want to subscribe to your mailing list, buy your latest product
and generally follow you to the ends of the Earth.
And once you have that kind of loyalty, your business will always be sure to
succeed. Start with why!
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Chapter 2: Targeting Is
Everything For Your Sales
Funnel
If you’re hoping to make money from a sales funnel, then by far the most important thing
to consider is your targeting.
In other words, how are you ensuring that it’s the right person who is receiving
your marketing messages? How are you ensuring that the people who find their
way to start of your funnel are the right kinds of customers? This is called
‘targeting’ and it is actually the difference between making massive money and
making no money whatsoever.
The best way to demonstrate why targeting works so well is to think about
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sales. In sales, you have the people who start out their careers cold calling and
selling things like training courses. These are people who will be picking up the
phone and trying to sell something expensive to a random stranger.
Now, some people will be very good at that and those people are going to be
the ones who do well. As they progress, they will be given better and better
jobs within their organization and eventually this will result in them earning big
bucks.
What’s the best position? Selling to qualified customers who have a lot of
money. Think about it: if you can sell something to strangers who probably don’t
have much money, it will be child’s play to sell to wealthy individuals who have
already told you they want to buy!
This is the concept that sales is based on and it’s how you’re going to make
sure your business is successful when you’re using a sales funnel.
Because the equivalent with a sales funnel is simple – it means finding targeted
customers and sending them to your site. It means finding people who are
interested in your niche, who are the right age and sex and who have the right
income.
How?
Using PPC of course! PPC stands for Pay Per Click and this is a type of
advertising where you only pay each time someone clicks on your links. PPC
ads can be placed either on Google searches (through Google’s ‘Ads’) or they
can be placed on Facebook, where they will target people based on not only
their age, sex and location but also on their hobbies, interests and job title!
If you can do this, then you can find the exact kind of person who is likely to
buy from you and then make sure that these are the people who start their
journey through your sales funnel. That way, you are destined to succeed!
If not, then there’s a good chance that you’re driving your visitors
away before they’ve had a chance to buy. If your landing page right now is
simply an attempt to sell, then you’ll be putting off visitors and not collecting
any of their details before they do. Consider this
analogy…
Because we don’t know anything about that person and don’t know if we can
trust them not to sell us a counterfeit. At the same time, we don’t know anything
about the watch or what it’s like beyond the looks. Then there’s the even more
fundamental fact that we might not
be in the market for a watch.
Well this is exactly how a vast majority of websites operate. If you are driving
traffic to your site and then trying to sell, you’re essentially trying to get someone
to hand over their cash with zero preamble and zero targeting.
At the same time, they should stand in the right place – outside a watch-
lovers conference for example or a watch repair shop.
And instead of trying to sell their $5,000 watch right away, maybe they should
try and sell a $500 to start with.
Now they’re gradually building a relationship and building trust and only then
trying to sell. This is how you need to operate and if you can do that, you’ll be
100% more successful.
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The Basic Elements of a Sales Funnel
Sales funnels. Maybe you understand the concept and even the importance, yet
they still seem somewhat vague as a practicality.
Too often, we allow jargon to put us off learning simple practices that would
make a huge difference to our business. Let's take a look at the framework for a
sales funnel and how you can adapt it to create your own.
Lead Magnet
This is the honey trap: the bait that your reader will gladly trade their email
address for and it may be the most difficult thing to create. A free info product
was once the way to go, but readers have become overwhelmed by the amount
of info products out there, and more than a little apprehensive about giving their
email addresses in exchange for yet another same-as-every-other-ebook they'll
never get around to reading.
Lead magnets need to deliver tremendous value and the most successful ones
now come in the form of software applications such as Excel worksheets, or
resource guides.
The company manufactured and sold its Kindle devices at a loss, but knew that
they'd make the money back when their customers bought ebooks to read on
those devices.
Follow Up Content
This is content designed to establish rapport, entertain, educate and influence
your reader to continue their buyer's journey with you. Typically it will focus on
how your high end products solve a problem for the end user.
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The High End Product
This is your Rolls Royce product - the ultimate sale your funnel is designed to
deliver.
The Up-sell/Down-sell
Make it easy for your site visitors to spend money with you. The upsell does so
because your customer has overcome their own buying objections and spent
money with you. Now is the time to allow them to spend more.
The down-sell, conversely, allows the customer who still has objections to
buying a lesser priced product or receive a special offer to allow them to buy the
main product at a cheaper price.
The buyer gets some feeling of satisfaction at having been able to buy one of
your products and not go away empty handed, having come this far on the
journey.
Each part of your sales funnel must reward your site visitor for the investment of
time they have made in arriving at that point.
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Chapter 3: Sales Funnel
Automation
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• Your main offer.
If your site doesn't have at least one of each of these pages (per product or
service) you are missing out on a complete funnel. The key is to direct your
website visitor to take an action that leads them into a funnel that has a well
thought out end result. One that benefits you.
Each aspect of your funnel should solve its own specific problem without the
need for your intervention - unless one part of qualifying your leads is to involve
yourself in a webinar or consultation.
Modern websites are far easier to use than the old HTML ones that required
coding knowhow and experience. Now, content management systems such as
WordPress allow users to upload all sorts of files for their subscribers to access,
including checklists, audio files, videos, webinar replays, buyer's guides and
resource lists.
Once your choice of value-laden content has been made, your sales funnel will
very much depend on a good copywriter. Be aware that these
days a good copywriter will understand not just the compelling use of language,
but what color schemes work on buy buttons and where they should be
placed.
Other small details like the fact that an image beside a buy button works better
than a buy button on its own set aside the average copywriter from the pro.
Autoresponders allow you connect with your leads through a series of targeted
emails, each with a specific purpose and call to action.
There's only one part of your sales that you shouldn't automate, and that's
customer service. Aside from an automatic response to say
you’ve received their email, every interaction from there on should be personally
dealt with. Though it's not considered a part of the
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traditional sales funnel - word of mouth is a powerful lead generation tool and
shouldn't be ignored.
A sales cycle length is the amount of time it takes for your would-be customer to
go from becoming a lead to becoming a customer.
Without a reasonably accurate prediction of this lead time, you might not be able
to estimate your income over time - which makes virtually all other facets of your
business difficult to manage. Predictability in business is always a good thing!
The sales cycle is a combination of the "average lead to opportunity length" and
the "average opportunity to close length".
The duration of each of these timelines will vary greatly between businesses and
industries.
Add to that, the AHT or average handling time - which is how much time a sales
person needs to spend on phones calls, emails and meetings with a customer -
and you can see that it's not an easily measured period of time.
The problem with this is that the process is not always linear - it may often be
that after entering their email on your website, your customer
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goes through the buyer's cycle multiple times before making a purchase.
It's still not ideal because it severs one part of the funnel from the other.
However, it's the closest we can come to a complete picture if we are to be
personally involved in the process.
That's why, for a truly informative look at your sales cycle, you absolutely need to
make the investment in CRM software.
There are many well respected CRM tools available, including Pipedrive,
HubSpot, Insightly and Teamgate.
Hubspot has a free "lite" version of their CRM which comes highly
recommended if you are new to relationship management software.
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Chapter 4: Content Marketing
For Sales Funnels
Every sales funnel will include content designed to help move its consumer forward (or
down) the funnel.
A good sales funnel will include content that addresses the needs of your ideal
consumer as they make their way along the buyer's journey, which makes
understanding the buyer's journey a fundamental requirement for your
marketing department.
• Awareness
• Consideration
• Decision
• Awareness Stage
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At the awareness stage, the buyer is not aware that they need to buy your
product. Rather, they are aware they have a problem that needs a solution. An
example of content marketing for a person at this point of the journey might be
an article that explains how bleeding gums is a sign of health issues such as
gum disease.
If someone were to have bleeding gums they need to start taking care of their
teeth and one important aspect of that would be to investigate the cause of
their bleeding gums.
What if this situation were allowed to continue? They may suffer further ill
health which is associated with gum disease, they may lose teeth and their
existing oral hygiene may be turning off potential romantic interests.
At this point, they are aware that they need to do something about the situation
or face less desirable consequences.
Consideration Stage
During this stage, the potential customer is deciding on a course of action to
take - and which product they need. In this example, they may decide that their
toothbrush needs replacing, or that they need to schedule a visit to the dentist,
or a change of toothpaste - or all of the above.
They understand that they have a problem, and need to decide on the best
form of action to take.
Decision Stage
At this point, the buyer is deciding between brands in their hunt for a solution.
They are looking at different brands and makes of toothbrushes, different
dentists, or different kinds of toothpaste. They are prepared to buy and are
actively looking for information based on budget and efficacy.
When creating content for your sales funnel, it's important that you create it for
each buyer stage of the journey because each individual buyer will be at a
particular stage of that journey when they arrive at your site.
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One of the most important aspects of using the buyer's journey in your content
marketing is matching your traffic source with your buyer's stage.
If you spend any great length of time online in your own niche, chances are
you'll have come across your competitors landing and squeeze pages - the
outer edge of the black hole they call their sales funnel.
Here's a quick rundown of what your competitors use to attract customers into
their funnel so that you can get some ideas for your own.
The Free Ebook - This is the oldest one in the book (pardon the pun) and its
efficacy has dropped off somewhat. However, its replacement -the free physical
book - works a treat. Of course, usually, the recipient has to pay a minor shipping
and handling fee, but usually it's a good enough deal that it’s more than
worthwhile for the recipient.
Free Consultancy - For many potential customers, they crave the interaction
with you or your business to learn how seriously they will be taken or to create
a personal bond with your brand. Often they feel that given a virtual meeting
with your team, they may have their problem solved without any further
involvement.
Webinars - Webinars are a great way to include video in your sales funnel and
engage prospects at all levels of the buyer journey. The ability to answer Q&A
directly on a webinar makes it a multipurpose tool for your business.
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The Impulse Buy - This template makes use of the lead loss product to grab an
immediate sale and follow it up with the rest of your sales cycle, including up-
sell and down-sell offers.
The Launch Offer - This is where early subscribers are offered a deal for
signing up for the "early bird offer". By taking you up on this offer, the
subscriber will get a special deal on your product when it launches, moving
them through the funnel at a faster pace.
Direct advertising - This is the template used in advertising for a direct sale.
The funnel is implicit in the ad targeting and is a very direct approach.
There is no typical sales funnel. Many are a combination of the above and as
always, they require testing on a continual basis to ensure a smart return.
Some work more efficiently than others in certain marketplaces. For example,
calendar bookings to view properties work best for offline businesses such as
realtors, while free books work best for consultants.
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Chapter 5: Sales Funnel Metrics
There are a number of different options available to track the efficiency of your sales
funnel, and the range of pricing for those options is broad.
However, regardless of the tool you use to analyze your metrics, it's important to
understand what you are looking at (how to understand what's working and
what's not in your funnel).
Here are 5 aspects of your sales funnel that should be monitored for effectiveness:
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Your Traffic Sources
Traffic alone isn't a suitable metric to analyze. How that traffic behaves on your
site is the telling factor. Does it engage with your content?
What are your bounce rates and more importantly, are they typical of your
industry? Do those who remain on your site continue to the next part of the
funnel (as you have defined it)?
Engagement
Ignore comments, likes, and shares. They are great metrics for social media
marketing, but in terms of your sales funnel they give no concrete data
concerning your sales funnel. What content encourages engagement in terms of
newsletter subscriptions?
Not all content should sell, but what isn't created with that aim in mind should be
created with the aim of encouraging subscriptions.
Audit your CTA on a continual basis and maintain the highest performing one.
Conversion metrics will shape much of your funnel.
Click Through Rates (CTRs) in your email marketing can help you evaluate what
interests your customers. Always segment your list rather than risk split testing
different content on the same segment of subscribers. That is the fastest way
to lose subscribers.
Email marketing metrics are a more direct way of measuring your engagement
than blog content, so take them seriously.
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Funnel Velocity
Understanding how fast your whole funnel operates to bring a completely new
visitor through the process and to turn them into sales.
Are your sales funnels leaking? While it's not as difficult as we imagine to create a
sales funnel, there is room for error.
While a well-designed funnel will fast track your road to success, a poorly
designed one will leave you stranded, wondering where you went wrong.
Here are 4 mistakes that are easy to make, but just as easy to avoid:
Not that your copywriter will ever send you their first draft, but all copywriters
understand that the best performing content becomes the control, and the object
of the game is to beat the control. Even a difference of 1% in conversion rate
makes the effort worthwhile when selling online.
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to a sale. Your ideal customer may jump back and forth through their buying
cycle rather than straight through it.
Don't ignore the opportunity to offer something additional right at the point of
purchase, when your customer has just made an order and are
still receptive to other offers, but limit those additional offers to ones that
make sense to offer (maybe they offer complementary goods or services) or
have an affinity to the original offer.
You will often avoid this mistake when you do your market research properly, but
never forget that low price points are only there to introduce people to your
brand.
Always be testing and never be shy about letting people know what you have to
offer - it's advice that works just as strongly in the business world as it does the
dating one.
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Chapter 6: Driving Traffic To
Your Online Sales Funnel
Your sales funnel is like a spider's web, carefully constructed to lure your ideal prey
(customer) into your web and sticky enough that they can't possibly escape.
We can only assume that you have put the necessary time and thought into
your landing and squeeze pages. If not, do so before you drive traffic to them.
Always test your funnel. Understanding how traffic responds to your landing
page is vital. Without an optimal funnel, traffic is useless. You could drive
thousands of visitors a day only to end up with no sales to show for it.
Once you have your site optimized, it's time to drive traffic! Where from?
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Wherever it already exists is usually a good place to start. Where does your
audience hang out? This answer is the one that almost every online business
knows and understands, yet they rarely take the time to take full advantage of.
The point of joining a forum or answering questions on blogs and Q&A sites is
twofold. Not only do you position yourself as an authority, but you create
backlinks to your website and when your answer appears on a
Special offers are almost always shared by users and only require enough paid
advertising dollars to get them to a tipping point, whereas other posts may
require a more consistent budget.
Test paid advertising on social media, but only do so where your audience
already hangs out. This is the crux of traffic plans. You may hear that Google
Plus or Pinterest has driven thousands of dollars’ worth of business to a
particular business, but unless your market spend their time on those sites,
there's little point in blindly following suit.
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Lead Magnets
Always have something to offer in return for your reader's email address. This is
highly effective if its value is such that your existing traffic feels it is valuable
enough to share with their peers, effectively extending the reach of your
campaign.
There's nothing new in traffic generation, yet many marketing gurus like to
pretend they have secret sources. Test what works for you and keep doing it.
One gap that modern marketing has plugged in the typical sales funnel is that of
the abandoned cart - or literally any other part of your website.
Prior to retargeting, a lost customer was usually gone forever: blamed on short
attention span and the overwhelming amount of distracting internet content.
Now that we have retargeting, it means that your would-be customer doesn't
escape so easily.
Retargeting uses internet cookies - those little files that your website plants on
your visitor’s laptop when they visit you. The file is made up of code that is
unnoticeable and does not slow down your site.
When you receive a new visitor to your site, the code places a cookie that
connects your advertising server to that laptop - allowing it to serve your ad to
those who have visited your site and left.
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Usually, retargeting is not implemented alone, but forms part of a larger
campaign involving paid advertising. The internet user clicks a PPC ad, visits
your site, leaves and then is reminded of what they looked at on your site when
your ad is served to them via an advertising display network.
Retargeting works and it's easy to understand why. Your brand remains front
and center in your prospect's mind when your advertising continues to be
displayed to them even after leaving your site.
It's like that feeling of fate when a shopper feels that yours is the product
that's meant for them because they keep seeing it all the time. Or, it's got
to be good
because it seems to be advertised everywhere. Whatever way you look at it, it's
the familiarity that often makes a sale.
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Chapter 7: Different Types Of
Sales Funnel Techniques
There’s more than one way of creating a successful and profitable sales funnel.
There’s several methods, in fact, that can help you to make profit from your
product offers. You will learn about some of these different methods below.
The most basic type of sales funnel is that you use a squeeze page to capture
the name of the prospect’s name and email address in return for a quality free
report on a topic of interest to the prospect.
You then send email messages with more information on the topic of interest
and make brief mentions of your main product offer, implying that this product
will help them solve or alleviate the problem they are having (and a key reason
why they downloaded the free report in the first place).
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You include a link to your main product’s sales page in your email
messages.
Over time, the prospect will learn to trust you and your
recommendations; as a result, they will check out your main product’s
sales page.
Provided the sales letter “sells” the main product to the prospect,
he/she will become a customer, which can lead to him/her being
added to a buyer’s email list, letting you know that this person has bought from
you before.
Now, you can add more to your basic sales funnel, specifically upsells and
downsells, also known as one-time offers or OTOs. After a person has paid for
your main offer, the person will be shown an upsell offer, an offer that
enhances the value of the main offer, whether that is an upgraded version of
the main offer or a complementary offer to boost the value of the main offer.
The person only has that one chance to purchase it at that special price –
hence why it’s called a “one-time offer.”
If the person chooses to decline the offer, he/she may be presented with a
downsell offer, an offer that is either exactly the upsell offer he/she just rejected
at a lower price or a similar offer to the upsell offer, but with one or more
missing components from the upsell offer, at a lower price.
If the person chooses to buy this offer, he/she will gain access to it and may be
taken to another upsell offer. If he/she chooses to decline the downsell offer,
he/she may still be taken to another upsell offer.
Thus, to earn maximum profit from your product offers, you should use a
squeeze page to get the person’s name and email address, follow up with
email messages to get him/her to visit the main product’s sales page, and
present him/her with upsells and downsells to enhance the value of the main
offer for him/her, while increasing your profits.
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This is the main sales funnel strategy for most Internet marketers, and if done
properly, can be highly effective and highly profitable.
Your funnel pages must be effective in order to create the profits you expect
from your products. If your funnel pages are not converting your prospects into
buyers or your buyers into repeat buyers (i.e. OTO buyers), you will not make
nearly as much profit as you could.
Thus, there are tips provided below to help you create higher-
converting funnel pages so you can gain more profits from the
products and sales funnels you create.
Be sure to use headlines and sub-headlines in your sales letters. Most people
don’t read sales letters word-for-word; they don’t have the time or the desire
to go through every sales letter they encounter word-for-word.
Thus, use headlines and sub-headlines to help point out the important points,
features, and benefits your prospect will gain from ordering your product and
OTOs.
Another key is to focus on the benefits your product will deliver to the
customer. The customer doesn’t really care how the product will deliver the
benefits to him/her; he/she just wants to know what is in it for him/her- how
does his/her life get better by purchasing your product?
While you can include features in your sales letter, be sure to highlight and focus
on the benefits the person will get from ordering your product.
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Specifically, you should really focus on the benefits that will eliminate or
alleviate the person’s problem or pain- this will make it more likely he/she will
order your product.
On upsell and downsell pages, be sure to put text down under the order button
when they are ready to pass on an upsell or downsell offer that reminds them of
the benefits they will be passing up on by rejecting the upsell or downsell.
Human psychology tells us that people do not like pain and they do not like
missing out on things. Thus, by reminding people of what they will be missing
out on by passing up your upsell or downsell offer, you will make it harder for
them to hit the “no thanks” link, potentially leading some of them to hit the
“order now” button instead.
Thus, you have learned that using headlines and sub-headlines in a sales letter
will enable people to scan your sales letter and learn the important points without
having to read it word-for-word. You also learned that you should focus on the
benefits of your product that the person will get by ordering your product.
Finally, you learned that by reminding people of what they will be missing out on
when bypassing upsell or downsell offers, it will be more difficult for them to
pass on it and may even convince some of them to order the upsell or downsell
instead.
You need to have a solid sales funnel in order to earn the most profits from your
digital product. If your sales funnel is not solid, your profit potential will be much
lower and the hard work you put into your product will not be as profitable as it
could be.
There are basic components of a solid sales funnel in order to maximize its
effectiveness; we will discuss them below.
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The first component is a good squeeze page. A squeeze page is a Web page
that offers a valuable report, ebook, software program, etc. for
free in return for the requester’s contact information (usually name
and email address).
The person gets the free gift, while you get his/her contact information to follow
up with him/her.
Through good email marketing practices, you show that you are a trusted expert
in your field. Over time, the prospect will come to trust you and your
recommendations.
In your emails, you provide a link to your main product’s sales page. At some
point in time, it’s likely the prospect will click onto it.
Thus, the prospect is now at your main product’s sales page. Provided your sales
letter is convincing enough of the product’s value and usefulness to the
prospect, that prospect will order it and become a customer.
Then, the customer will be shown one or more upsells or one-time offers
(commonly referred to as OTOs). This is a product enhancement of the main
offer that provides more value or it’s a related offer that will help to provide more
value to the main offer.
If the customer orders it, he/she will gain access to it as well. Either the
customer will gain access to the two offers he/she purchased or will be taken
to another upsell offer that again increases the value of the original offer.
There can be a number of upsells in a quality sales funnel, all of which are to
provide increased value to the buyer, while providing increased profits for the
seller.
Now, if the prospect decides to reject an upsell, he/she may be presented with a
downsell, which is an offer either identical or very similar to the upsell he/she just
rejected, but often with one or more components of the corresponding upsell
missing and offered at a lower
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price. The idea of the downsell is to encourage the customer not to walk away
without increasing the value of his/her original purchase, so the downsell is
offered as a compromise to the rejected upsell offer.
Therefore, a quality sales funnel will have a squeeze page, quality email
marketing messages convincing the prospect to visit the main product sales
page, the main product offer sales page, and a combination of one or more
upsells and downsells to add value to the main product for the buyer and add
profits for the seller.
This is how Internet marketers make the most profit from their own digital
products.
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Chapter 8: Sales Funnel Tactics
Many new Internet marketers stress out over how to create an effective sales funnel.
They often panic and get overwhelmed by the entire process of a long sales
funnel. What has helped some Internet marketers to overcome this challenge
is to start at the end of the sales funnel.
Usually, the last upsell and downsell will be the highest-priced offer in your
sales funnel. Oftentimes, this is some type of coaching offer or 1-on-1
mentoring, usually costing $100s or even $1000s.
By starting at the back of the sales funnel first, you can determine exactly what
your greatest offer will be and how much it will cost, then
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work your way back through the funnel, presenting smaller offers that cost less.
For instance, you may offer a 1-on-1 mentoring program on how to build an
online business as your final upsell and downsell. You may be charging $997 for
it (and maybe $497 for an equivalent downsell that involves a 3-on-1 mentoring
program).
For the previous upsell and downsell, you may offer to coach five people on how
to write more convincing emails at price points of $497 and $197 for the
downsell.
For the upsell and downsell before that, you may offer written critiques of five
email messages your students write at price points of $197 and
$97 for the downsell. You then reach the main product offer, an ebook that shows
you how to write convincing emails that convert more prospects into buyers for
$47.
The key is to figure out what your greatest product offer is, then work backwards
through the funnel, cutting out some services and benefits and dropping the
price accordingly until you reach your main product offer.
This will help you to determine what extra product offers you can provide to fill
out your sales funnel so you can get maximum value from each prospect who
enters your sales funnel.
It also will show your customers that you are a well-rounded expert in your field
who can help them in many ways.
By working backwards through your sales funnel, you can determine what is
your greatest product offer and then work your way back accordingly until you
reach your main product offer, working your way to lower prices as you go
through the funnel.
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Steps To Building Your First Sales Funnel
It may seem overwhelming to build your first sales funnel since you have never
built one before. Fortunately, the process is not that difficult and can be learned
relatively quickly. We present a five-step process below that will help you build
your first sales funnel.
First, you need to create an effective squeeze page. This squeeze page must
include a free report on some topic of interest to the squeeze page visitor so
that he/she is convinced to provide his/her name and email address in order to
receive that free report.
Second, once you have that prospect’s name and email address, you need to
send out a welcome email to that prospect, include the download link to the free
report that the prospect was promised for submitting his/her contact
information, inform him/her about who you are, and let him/her know what
information he/she can expect to receive from your email messages.
Third, over the course of at least seven email messages over a period of two
weeks or so, you will present more information on the topic/issue/problem
related to your free report to show the prospect that you are a respected expert
in this field and can be trusted.
Fourth, when the prospect is comfortable enough with you and your
recommendations, he/she will click the main product link and go to your main
product’s sales letter. If the sales letter is convincing enough of the benefits
your product will provide to him/her, he/she will order your main product.
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Fifth, you will present one or more upsells and optionally one or more
corresponding downsells. The first upsell will be presented as soon as the
prospect has bought your main product offer. The upsell is designed to provide
more value to the main offer for the customer, while it is designed to provide
you with more profit.
The corresponding downsell is the same upsell offer or a slightly different offer
at a lower price. The first upsell and corresponding downsell can be followed by
more upsells and downsells, each presented after the purchase or denial of a
previous upsell or downsell. All upsells and downsells are designed to provide
extra value to the customer and extra profit to you.
When the customer has gone through your entire sales funnel, he/she will
receive email(s) with access instructions for the product(s) he/she has
purchased, while you will have added a new buyer to your buyer’s list.
Plugging the leaks in your sales funnel is essential to getting the most
conversions and profits from your sales funnel. Any leaks in your sales funnel
indicate that your prospect is not purchasing any of your offers, whether it’s
your main offer, your upsells and downsells, etc.
It is vital that you take steps to correct the weaknesses in your funnel so that
you can improve the conversion rates and profitability of each prospect or
customer that comes through your funnel.
By using Google Analytics, setting up goals, and mapping every URL in your
sales funnel, the funnel visualization report will show the number of people who
have entered the funnel and the percentage that have gone to the next step of
the funnel.
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You will also see a red triangle alerting you to how many people got out of
the funnel before they went where we wanted them to go, as well as where
they went.
This will help you to learn the weaknesses in your funnel and address them
properly so you can have a more effective and profitable sales funnel.
Using the report, determine which page or pages are having the lowest
percentage of transferring visitors to the next page of the funnel. Go back to
those pages and analyze them carefully.
See what could be driving them away from your funnel and not to the next
step/page of it. Look at the headlines and sub-headlines, look at the sales copy,
look at the spacing of the sales copy, and look at the graphics and photos that
are used on the page.
Also check to make sure that those pages emphasize the benefits of the
product to the visitor; what is in for the visitor to purchase this product?
Make sure to check the site loading speed as well on all types of devices, from
PCs and laptops to smartphones and tablets. Ensure that the site displays
properly on all devices.
Be sure to analyze all of these facets and test changes using A/B testing, then
attempt to send more visitors through the funnel and see if the conversion
percentages improve. Continue to test to improve the conversion percentages
and the profitability of your sales funnel.
A key to successful Internet marketing is to never stop testing, as you can always
improve the effectiveness of your marketing, whether its sales letters, email
messages, sales funnel conversions, and more.
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Conclusion
It is imperative for your product to have a sales funnel if you are to attain maximum
profitability from your product.
Having just one product, even a successful one, is not going to allow you to
make a sustainable income or a sustainable business online. Additionally, most
prospects need to be contacted an average of seven times before they will
purchase your product.
If you do not have a sales funnel for those prospects to enter into, you will earn
little to no profit from them.
Having a sales funnel is key to earning the most profit from your digital
products. First, you need to have a squeeze page that offers a free report on a
topic of interest or some problem or issue that entices the prospect to give up
his/her name and email address. This will allow them to enter your funnel.
You then communicate with them via email, both to provide the free report they
were promised, plus follow up with additional information
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about the issue or problem and what your expertise is. You also provide a link
to your main product offer and imply in most of your messages that your
product is the solution to that problem brought up in the free report.
In a few of the messages, you can directly market your product and explain
exactly why it will be of benefit to them.
After the prospect is convinced of the value of your product, he/she will use one
of the links to head to the sales page and purchase it. Once he/she has done
that, that person will be presented with an upsell offer that is designed to
provide more value to the original offer.
It is an optional, one-time offer that the customer must purchase at that time
in order to benefit from it. The scarcity factor will make it more enticing for
the prospect to buy it.
If he/she buys the upsell offer, he/she may be presented with one or more of
them. If he/she doesn’t buy the upsell offer, he/she will be presented with a
downsell offer that is either the same or similar to the upsell offer but at a lower
price.
This is to encourage the customer to purchase this offer to add value to the
main offer he/she purchased.
Having multiple offers makes it more likely the customer will purchase, as it’s
been shown that people are more willing to buy multiple related offers after
he/she has purchased the first one.
A perfect example is buying fries and a soft drink with a burger. By employing
this marketing tactic into your sales funnel, you will provide more value to the
customer and make more profit from him/her.
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or thinks that tools to do this cost too much for them to afford. This is often why
they don’t analyze the effectiveness of their sales funnel, a key mistake that hurts
their profitability. Fortunately, you can analyze your sales funnel with free tools
from Google.
You will set up goals in Google Analytics to analyze how far each prospect goes
in your sales funnel and where they may fall off at- that will indicate that there is a
problem at that specific point in the funnel that needs to be addressed to
improve the effectiveness of the sales funnel.
You need to log into your Google Analytics account, choose the profile you
want to add the sales funnel to, and click “Admin” in the top-right corner.
Then, choose the “Goals” tab underneath the profile that you wish to add the
sales funnel to, click “Create Goal.” Then you will set the settings of the actual
goal and sales funnel. You’ll name the goal, then choose the type of goal that it
is, such as “Destination.” You’ll then
choose “Next Step” and actually fill out the goal and sales funnel
details.
For “Destination,” you’ll enter the URL of where you want your customer to end
up at, which is the last page of your sales funnel. If they are buying a product,
you’ll want them to wind up on the “Thank You” page, confirmation page, or
receipt page after the last purchase.
You then assign the “Value” to each conversion. If your product costs
$49.99, then you would enter $49.99 as the value. You then plot out your sales
funnel; you add the home page, the product page, and the checkout page to
cards.
You’ll then enter the URLs of all those pages into the Screen/Page form
field, then click “Create Goal.”
This sets up your sales funnel in Google Analytics and allows you to track the
effectiveness of your funnel in converting prospects into customers via the funnel
visualization report. You can see the number
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of people who have entered the funnel and the percentage that have gone to
the next step of the funnel. You will also see a red triangle alerting you to how
many people got out of the funnel before they went where we wanted them to
go, as well as where they went.
This will help you to learn the weaknesses in your funnel and address them
properly so you can have a more effective and profitable sales funnel.
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