Update #2
> Here's what's done
- Spent the week brainstorming product ideas. I wrote a 20-page thesis, scratched it, it then started back over again. Lol!
- Finally, on Saturday, I had a conversation with a client that gave me a new idea.
- Wrote the sales letter overnight, decided the audience, and product pricing is set:
Product #1: Completely free and used as a down-sell for people not qualified for Product #2. Eventually, the goal is to teach them enough that they self-qualify themselves to purchase the next tiered offer.
Product #2: Low 5-figure offer as the intro product. I will use this for all ads to get people into the ecosystem.
Product #3: Super high ticket, low 6-figure to mid-6-figure offer. Our customer retention is high, so we can sell it to them as long as they can afford this offer. Getting them to afford it is tricky and depends solely on the monetary outcome of Product #2.
> Thoughts
None so far. Very excited to test out this new offer.
> Next Steps
- Write an ad and start the campaign
- I will post next when the ad first starts running.
Questions
Good luck with your journey.
I do something similar on Linkedin, but not for $100K per client or with paid ads.
I start with outreach on a small value first driven approach, then upsell to $xx,xxx.
I can do that because one of my core skills is turning interruption marketing outreach into permission marketing leads.
Will be interesting to follow what you do with paid ads instead.
Outreach works too. I've just never had success with it. Probably because I'm lazy or overcomplicate the technology behind outreach.
Another reason why I'm not too fond of outreach is that you risk exposing your marketing angle. When scaling, your most significant competitor is your SDRs doing the outreach. If they want to, they can instantly take your message, your sales script, and your audience and compete with your offer.
Also, outreach angles don't last as long as ad angles. Usually, it takes around six months for a message to phase out. With ads, it can last for an entire 12-18 months.
Do you sell leads at the end?
Eager to know where this is headed
Good luck
I'm no longer selling leads. That was years ago when I was in the affiliate marketing space. I realized the same amount of time invested in promoting someone else's offer could be used to build a business.
Affiliate marketing + media buying are a game of margins. Since you don't have control over the price of the offer you sell, you can't compete against advertisers like me that sell high-ticket offers. You are forced to overoptimize and reduce CPMs to meet ROI targets. Vs. When I don't meet CPM targets, I can increase the pricing of my offer.