Now, here’s where we do the math. You want to figure out if your funnel is going to be profitable, you need to understand what is “normal.” And I put normal in quotes because for every industry it’s a little bit different. And eventually ,you’re going to have benchmarks for yourself. You’re going to know what your normal is and then you can compare yourself against yourself. But when you’re just getting started, you might not have any stats. So I’m going to give them to you. So in the first box, I’m going to tell you that it’s pretty normal to have somewhere between a 20% to 30% optin rate.
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Now, the first page in the funnel is going to be the squeeze page. That’s going to be the page where you give away something for free. So in that first box, just write “FREE” and then the box right next to it, put one box to the right. That’s going to be the offer. That’s the thing that you sell after they opt-in right? You give them something for free and then you’re like, ah, awesome. Okay, here is a $27 course. So in that second box, write $27. Now a lot of people who work with me, or if you know Russell and you’re in the funnel world, you know that when you get somebody to say yes to something like a workshop or a course for $27, you’re leaving money on the table.
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Once the prospect is in the proverbial funnel, you've peaked their awareness. That's the first stage of the funnel. However, getting a prospect aware of you is no simple feat. Depending upon how they've arrived to your website (organically or through a paid ad), those customers might view your funnel differently and your opt-in rates will vary significantly.
How do you develop a sales funnel
People love to learn, and webinars are an excellent way to impart your wisdom to your eagerly waiting audience. Combined with an effective social promotion campaign, webinars are a great way to increase traffic to your website. Send out an email a week or so ahead of time, as well as a “last chance to register” reminder the day before the webinar. Make sure to archive the presentation for later viewing, and promote your webinars widely through social media. If you're wondering how to do a webinar, click the link for some tips.
Once you find a destination, you’ll need to secure housing or at the very least, figure out what kind of accommodations you want. If you’re a social butterfly and worried about setting out and being lonely, you can start off by living in a hostel or co-op where you can easily make new friends. Maybe you prefer having solitude or a quiet place to retreat to. In that case, Airbnb is a great option since you can rent entire apartments for one month or a set period of time and feel like you have your own place.
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If you’re looking to get a bit more hands on then you may want to consider transcription work. This involves viewing video footage and writing down every word that is said, usually in an interview setting. It’s a bit tedious but super simple and easy to get through. You can find so many sites online who require transcription services and the pay isn’t half bad too.
A lot to take on (I would know) but has the potential to pay off in a huge way if you really commit to it. To summarize, you need to figure out why a virtual summit is the right venue, what your topic will be, and who you’re going to network with to make it happen. You’ll need thought leaders, influencers, teams, businesses, bloggers, anyone who already has a committed audience and a distinct POV who will add value to an event like this.
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Develop the right set of skills that you can use to work online. You don't need to start a blog. In fact, doing that will involves years of hard work. But you can write for others or find any other kind of online work through sites like Upwork and Fiverr. In fact, there are numerous ways you can make money online, no matter where you might be traveling to.
You might think that the best route to becoming a digital nomad is by taking the entrepreneurial road and starting your own online business. This will undoubtedly give you the most freedom but it’s very difficult to succeed – especially if you have don’t have a lot of experience. And in fact most digital nomads don’t start out like this, instead they get started with remote work or freelancing. This means they are getting paid to gain more experience and skills. Plus it’s usually quite quick and easy.
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When asked for one piece of advice she would give to new nomads, Location Indie member Rachel Story of GratefulGypsies.com said, “Get organized and have a to-do list! Make a plan! As repulsive as a ‘routine’ may seem, it’s essential for getting sh*t done. The good part is that you can choose your own routine. Want to go for a run mid-morning, no worries! Take a long lunch to catch up with a friend? Do it! You’re still ticking things off your list!”
How do you attract customers
You probably visit at least a few sites that are relevant to your business on a regular basis, so why not join the conversation? Commenting doesn’t necessarily provide an immediate boost to referral traffic right away, but making a name for yourself by providing insightful, thought-provoking comments on industry blogs and sites is a great way to get your name out there – which can subsequently result in driving more traffic to your own site. Just remember that, as with guest posting, quality and relevance are key – you should be engaging with other people in your niche, not dropping spam links on unrelated websites.
Still, passive income involves a lot of pain. No, I'm not talking about joining some get-rich-quick system by some raving internet marketer "who did it so you can do it too." Don't buy into the hype. If you've already had a fast one pulled on you, then I apologize. One bad apple certainly can spoil the bunch. And although some internet marketers aren't entirely ethical, not all of them are like that.
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However, as modern society has dawned, and the proverbial rat race has gripped most in a state of the survival of the fittest, and the hedonistic pleasures and impulses to satisfy our sudden urges to keep up with the Jones' have amplified with each passing decade, the ensuing Hedonic Treadmill has stifled and suffocated most that dream of greener pastures and a life of leisure.
If you’ve been on LinkedIn recently, you’ll know that native video is killing it. However, long-form text posts with a clever hook do really well too. LinkedIn can be a great place to connect with others and engage on content that interests you, while posting about interesting a creative content that you think your network will be interested in. You have to make sure your posts are link-free – but you can leave a link to your content in the first comment.
“In conclusion, this research illuminates how content characteristics shape whether it becomes viral. When attempting to generate word of mouth, marketers often try targeting “influentials,” or opinion leaders (i.e., some small set of special people who, whether through having more social ties or being more persuasive, theoretically have more influence than others). Although this approach is pervasive,recent research has cast doubt on its value (Bakshy et al. 2011; Watts 2007) and suggests that it is far from cost effective. Rather than targeting “special” people, the current research suggests that it may be more beneficial to focus on crafting contagious content. By considering how psychological processes shape social transmission, it is possible to gain deeper insight into collective outcomes, such as what becomes viral.”
Because we were optimistic today. So you need to try to figure out how to get your cost per click down. Okay. So maybe it’s with content, maybe with social strategy, maybe with better ad targeting. But let’s say you can get it down to thirty cents a click, right? So thirty cents, it’s twenty cents less. That doesn’t seem like that much. But guess what happens now it’s only costing you $1,500 to get those 5,000 views on that page.
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If where you live is so expensive that most of your salary goes towards maintaining your fixed costs, you might consider reducing them and saving up some money so you can move to a digital nomad hub like Chiang Mai in Thailand where your money goes a lot further. Here it will be a lot easier to learn all the skills that you’re going to need to work online because you’ll be surrounded by other digital nomads. You could even rent out your apartment at home and make some passive income that way.
But let’s say that you want at least 100 people to purchase from your sales funnel. You can work backwards to see how many people you need at each point along the funnel. If you want 100 sales, you would need 250 people to end up on your landing page (100 divided by 0.40). In order to get 250 people on your landing, your social media ad needs to target 1,250 consumers (250 divided by 0.20).