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Archive | March, 2022

Do You Have Successive Approximations?

Huh??

Do You HaveSuccessive Approximations?

Ever notice how the various professions create new terms to try to make us feel stupid?

I hope you don’t do that to your readers. And if you catch me doing it, slap me. Please.

Now then… a “successive approximation” is a rather silly term for a psychological trigger that you, as a marketer, really should know…

Because it can put money in your pocket.

Here’s what it is in a nutshell:

Once someone has performed an action – no matter how small – they’re more likely to continue performing additional actions that are in line with the first action.

In fact, they might even feel obligated to go along with larger requests.

So when someone has just given you their email address on your squeeze page, they are more likely to buy your $7 ebook than someone who hasn’t given their email address.

And when that person buys your $7 ebook, they are more likely to buy your $47 product, as so forth.

That first act of giving their email address creates a bond between them and you, and they feel obligated to continue taking action.

As marketers, we call this the ‘foot in the door approach.’

And it’s why we don’t start out selling $1,997 courses to strangers.

The takeaway: Keep this rule in mind for all of your marketing, not just sales funnels.

Getting people to take a small action such as sharing your post, liking your picture, replying to your tweet, filling out your survey and so forth is your foot in the door.

Now your job is to keep asking and let your prospects and customers keep saying yes.

Making Daily Money from Freebie Seekers

Here’s a clever idea for making money with your list:

Making Daily Money from Freebie Seekers

You have a list of buyers and a list of prospects, right?

Rent out your list of prospects to product owners, advertising their “Product of the Day.”

This is different, because nearly all solo ad sellers won’t let ad buyers send traffic directly to a sales page – they have to send it to a squeeze page.

But some product sellers want to focus only on getting sales, which is where your “Product of the Day” series comes in.

Each day, you rent your list of prospects to product owners. You’re not sacrificing your own buyers, and you’re giving marketers a chance to make sales directly from your list, using your good name for added credibility.

It’s a nice way to monetize all those freebie seekers who for one reason or another aren’t attracted to your products.

Remember, just because they haven’t bought your product yet doesn’t mean they won’t be enticed by someone else’s product.

On a day that you don’t sell an ad to your list, you could promote affiliate products… The sky is the limit!

How to Increase ‘Subscribes’ and Open Rates with One Word

Instead of using the phrase, “mailing list,” use “alert” instead.

Alert

Do people want to join your mailing list?

Not really.

But do they want to be alerted to the latest news, products and so forth?

You bet!

So instead of asking people to subscribe to your list… (yawn)

…ask them if they want to be alerted to breaking news and products (wow!)

Then send them a daily email with the latest news and yes, the latest PRODUCTS.

Your subscribe rate will be higher…

…your open rate will be higher…

…and your unsubscribe rate will be lower, too.

Alert your audience to what’s HOT, and what’s working now, and your opt-in rate and subscriber loyalty will increase significantly.

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