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"Where do I even start with making money online?"
Most entrepreneurs struggle from overwhelm when trying to launch and grow an online business. On the surface, there seems to be so many moving parts.
However, in this guide you will discover a step by step blueprint for generating leads and turning those leads into loyal customers.
You will learn what a sales funnel is and how to build one. You will use it to sell online courses, coaching, services, or anything you want to make money from through your personal brand.
This is the exact process I have used to sell courses online, grow multiple Jiu-Jitsu & MMA gyms, and grow a multi-six figure digital marketing agency in less than 10 months.
So let's begin by understanding what a sales funnel actually is.
Imagine a funnel, wide at the top and narrow at the bottom. This is a visual representation of the journey your potential customers take from first discovering your brand to making a purchase with you.
The goal of a sales funnel is to guide potential customers through a journey. It gives them the info and value they need to eventually make a purchase.
Understanding this process will let you optimize each stage of your funnel. This will maximize conversions and grow your online business.
Here are the steps to get started building your own high-converting sales funnel.
Step 1: Attracting Qualified Leads
You want to start by identifying who your ideal customer is, aka your customer avatar:
Who are you trying to attract?
For example, if you are a fitness coach, are you trying to attract women who want to lose weight? Or youth athletes who want to prepare for competition? Or bodybuilders?
You want to get specific so that you are seen as the authority in your specific niche. You can go broad eventually, but it's much easier to start with a narrow target audience and build out from there.
You want someone to look at your content and say "This is for me".
Step 2: Once you know who your target audience is, you want to create a compelling lead magnet.
A lead magnet is something that you give away for free or at a low price point (I recommend under $50) in exchange for a persons name, email address, phone number, etc... This is how you generate leads and build up your email list.
Your lead magnet could be an ebook, e-mail course, a video workshop that you do live or pre-recorded. Don't overcomplicate it, just make sure it's valuable and naturally leads to your paid product or services.
The key to making this work is to make sure your free or low cost lead magnets are extremely valuable.
Do not be afraid to give away too much. You want to over deliver here.
Often times people are afraid if they give away too much upfront, they won't be able to sell their higher priced courses, coaching programs, products, etc... This just isn't true, it's the exact opposite actually.
If people see how much value you give upfront for free, they will think to themselves, "wow if this is what I get for free, their paid stuff must 10X more valuable."
Remember, your lead magnets are often the first impression your audience has with your offers & content.
Step 3: Create a landing page for your lead magnet or low priced offer.
It's important that your landing page is optimized for lead generation.
The basic elements of a high converting landing page are:
Here are some links to some great landing pages (will update as I come across more):
Step 4: Getting people to your landing page, aka driving traffic to your offer.
If you already have a social media following, this part can be as easy as posting on your profiles and linking out to your landing page.
If you don't have a large enough following yet, you will need to rely on running ads, usually on Facebook, Instagram, and YouTube.
Although we won't get into the details on how to do that here, I will create more content on running ads in the near future.
The thing to understand here is that you need people to visit your landing page in order to bring them into your ecosystem and build your email list.
Step 5: Nurture Leads with Engaging Content.
Now that you have people joining your email list, you have to send them regular valuable content. I recommend doing this on a consistent schedule. For example, I send out this newsletter every Tuesday at 10 am EST.
This not only let's your audience know what to expect from you, it also holds you accountable and creates a deadline for you to get your content out into the world.
Although you will need to post daily on your social media channels, email marketing is still king.
You don't have control over the social media platforms, they can shut you down at any moment, throttle your content if they don't like it, or update their algorithms on any day.
With your email list, you own that medium. No one is going to take away your list or shut your newsletter down.
Step 6: Converting Leads into Customers
Now that you have started building your email list, you have an audience to promote your paid courses, services, and products to.
Although you don't want to be over salesy and burn your list out, you do have a business to run. I recommend that every quarter you launch a new product, coaching program, or service to your list.
Use the 80/20 rule. 80 percent value, 20 percent promotions.
To help increase sales conversions, use scarcity and urgency. Offer limited windows of time to enroll in your programs or bonuses for people who buy before a set date.
Learn the basics of persuasive copywriting. Then, optimize your checkout to cut cart abandonment.
Next week I am going to dive deeper into persuasive copywriting so be on the lookout for that.
Step 7: deliver exceptional customer experience.
If you're enrolling people into a coaching program make sure their experience is beyond what they expect.
If you're selling an online course, surprise them with unannounced bonuses and make that their no confusion about how to access the course.
If you're selling a service, make sure the onboarding and client communication are well thought out. They should be consistent for everyone.
Set clear expectations, make sure that there is no confusion on exactly what your customer is going to get with your programs.
Finally, gather feedback and testimonials to improve your future offerings. You can use these testimonials and case studies in your future landing pages & sales pages to increase conversion.
Remember this is a marathon, not a sprint. This will take time but you will get better each time you go through this process.
P.S. Next week we will dive deep into persuasive copywriting and how you can learn to sell more through your writing.