The Science & Soul of Conversion

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WHY DO MOST START UPS FAIL?

Transcript of The Science & Soul of Conversion

Page 1: The Science & Soul of Conversion

WHY DO MOST START UPS FAIL?

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WHO AM I?

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LIFESTYLE BUSINESS ENTREPRENEUR

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THE SCIENCE OF CONVERSION

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THE 80/20 OF COPYWRITING AND CONVERSION OPTIMISATION

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3 STEPS

1. Know Your Customer

2. Find Your Customer

3. Make an Effective Presentation

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“SEEK FIRST TO UNDERSTAND, THEN TO BE UNDERSTOOD.”

Stephen Covey

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“WE HAVE TWO EARS AND ONE MOUTH SO WE CAN LISTEN TWICE

AS MUCH AS WE SPEAK.”Epictetus

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1. KNOW YOUR CUSTOMER

• The biggest challenge with selling via media is you don’t get to meet your customer and simply ask them what they’re looking for

• So spend the time to deeply understand your customer

• You should be able to describe their problems better than they can

• Enter the conversation in their mind and seem almost psychic

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HOW?• Study similar products to yours that are selling well for inspiration

• Look in forums where your customers hang out and see what they’re talking about

• Read their Facebook comments, blog comments

• Talk to someone who represents your customer avatar

• Do whatever it takes to LISTEN TO THEM

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QUESTIONS YOU MUST ANSWER• What problems do they believe they have?

• Why do they want them solved?

• What do they feel that they really need?

• What do they want to achieve?

• What emotions do they want to feel?

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USE THEIR LANGUAGE

• What words do they use to describe their problems and desires?

• Ask them, engage them, and they will tell you.

• “My greatest desire is to step fully into my purpose.”

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ENERGY HEALING EXAMPLE

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NEXT…

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2. FINDING YOUR CUSTOMERS

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CONTROVERSY ALERT.

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“THE ONLY ADVANTAGE I WOULD EVER ASK FOR IN COPYWRITING IS…

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AN AUDIENCE THAT ALREADY WANTS WHAT I’M SELLING. ”

GARY HALBERT

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“NUMBER ONE WASTE OF TIME? TRYING TO CONVERT

YOUR CUSTOMER.”

GARY VAYNERCHUK

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MORE GARY GOODNESS

“This is the mistake that most people are making: they're wasting good time and energy trying to convert, when they should be taking that same time and allocating it to reaching more people.”

https://www.garyvaynerchuk.com/effective-selling-how-to-sell-anything-1240448170.html

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NO MATTER HOW GOOD YOU ARE COPYWRITING…

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“STRATEGY TRUMPS COPY. ” - JAY ABRAHAM

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STRATEGY MEANS ENSURING:MESSAGE TO MARKET MATCH

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STRATEGY MEANS:GETTING TONS OF

BUYER TRAFFIC

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CONVERSION RATES ARE A MISUNDERSTOOD CONCEPT…

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TRAFFIC AND CONVERSION ARE TWO SIDES OF THE SAME COIN.

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DON’T GET STUCK IN VANITY METRICS

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THERE IS NO FIXED CONVERSION RATE

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OTHERWISE YOU COULD BUY ALL TRAFFIC WITH JUST ONE OFFER!

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WHO READS YOUR COPY IS THE MAJOR FACTOR IN WHETHER IT

CONVERTS OR NOT.

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COPYWRITING AND MARKETING IS ABOUT FINDING YOUR TRIBE.

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40% - TRAFFIC - WHO?40% - OFFER - WHAT?20% - COPY - HOW?

SALES SUCCESS BREAKDOWN.

- Dan Kennedy

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MINDVALLEY GETS IT TRAFFIC FROM: GOOGLE, FACEBOOK, EMAIL, SEO

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WE SHOW OUR MESSAGING TOPEOPLE THAT ARE LOOKING FOR IT,

OR ALREADY INTERESTED IN IT.

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HOW DO YOU FIND YOUR CUSTOMER?• What books would they read?

• What websites would they visit?

• What do they like on Facebook?

• What keywords are they typing into Google?

• Whose ecosystem are they already in? (Joint Venture)

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3. THE PRESENTATION

• You know who your customer is…

• You understand and have deep empathy with their aspirations, desires and fears…

• You know where they are and how to reach them, what they’re searching for who they currently listening to…

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3. THE PRESENTATION

• Now you can begin crafting your sales presentation

• And here is the 12 Step Foolproof Sales Letter template that we use to do so:

• http://nettrafficmachine.com/tools/12steps.pdf

• David Frey’s 12 Step Foolproof Sales Letter Template

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THE SOUL OF CONVERSION

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“PEOPLE DON’T BUY WHAT YOU DO, THEY BUY WHY YOU DO IT.”

Simon Sinek

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HOW?

• Love yourself, love your product, love your customer.

• It comes through in your words and actions and ultimately separates the winners from the losers

• Don’t be afraid to speak in your own voice, use your own language

• BE AUTHENTIC: It work surprisingly well

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STYLISTIC ELEMENTS

• Conversion rate is a one dimensional metric

• How do you create longevity, loyalty, lifers?

• Mindvalley gets a HUGE portion of its revenues from customers that have been in our ecosystems for months or even years

• We have become a part of their lives, they are raving fans

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HOW?• Think about the long term effect of your sales messaging

• “THE END OF MEDITATION?” May get the clicks once, but you’ve lost them

• Optimize for loyalty and longevity

• Be a trusted advisor to your client, and continually seek to solve their problems and enrich their lives

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PRE-EMINENCE• What do your prospects know about you before you offer them

something?

• Do they already trust you?

• Have you already demonstrated expertise and shown that you’re one of the ‘good guys’?

• Harder to measure, but ultimately more important

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ALMOST DONE…• Understand your customer deeply

• Find them

• Craft a sales message using the framework

• Put it in front of as many interested people as you can

• Nurture the long term relationship and incentivise virality

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