Learn
How to Skyrocket Your Profits Using
a Simple Autoresponder Series
Here
you will find the one internet business tip
that all successful business owners use to explode profits
to levels that you only begin to imagine in your wildest
dreams. If you follow in their footsteps you could
soon be joining them... basking in the glory of success.
The principle
of this "secret" is so neglected
by most internet business owners... that many people don't even
realize how powerful it can be.
It's so
easy to come up with backend products, it’s ridiculous!
If you don't own any additional products or services of your
own, then you can simply join an affiliate program
that offers a high quality product. If you
exercise due diligence in selecting a program and promote it
correctly, you almost have an unlimited online money
making machine for your internet business.
The difficult
part of any backend sales strategy is in the follow-up.
Are
You Throwing Away 98% of Your Business?
I's
a well known fact that only 1% - 2% of people will purchase
anything on their first visit to your website.
This means that up to 98% of your visitors
are exiting your website without purchasing
your products or services.
Now the
big question is… can your business survive
on just 2% of potential sales?
Let me explain.
You’ve
done the hard work and created a great website
promoting a product that sells for $30.00... and your getting
1,000 visitors per week. You have an excellent
sales letter and as a result your achieving a strike rate of
2%. These sales represent the impulse buyers
that purchase your product on their first visit.
If you do
the math, this equates to $600 per week. Not
a bad effort, but certainly not enough to retire and take the
family on that long awaited holiday cruise around the Caribbean.
Now
let’s take it one step further...
We’ll
keep the same results from our first example… so you still
get the benefit of achieving $600 per week
in sales. But this time you provide an incentive
to obtain the contact details of your visitors
to build an opt in email list
... before they exit your website
Through
your opt in email list building efforts you obtain an additional
100 new subscribers that you can follow-up
with each week. If you did this for a whole year you would have
a list of over 5,000 potential or existing
customers.
Now your
strategy is to create backend sales to your
list by promoting a high quality affiliate
product. So you select Neil Shearing’s Internet
Success Spider as it offers a whopping
$39.98 commission per sale and has a strike rate of up to 8%…
by the way which is far and above the standard
rate of 2%.
If you send
a series of follow-up emails to these 5,000
subscribers promoting Internet
Success Spider you can expect to achieve a strike rate of
up to 8%. However, you are very conservative, so for the purpose
of this example we will use a strike rate of only 2%.
If you do
the math, this equates to $3998.00 in extra
sales for virtually no extra effort on your part.
Now your
a savvy business owner, so you promote five
affiliate programs with similar commissions
to your list over the period of the whole year… this is
a low number of programs... but remember we are being conservative.
All of a
sudden you are making an additional $19,990
each year just in backend sales alone. Combine
this with the original $600 per week that you obtained from
sales by first time visitors and… hey
you are now making over $50,000 per year. Not
to shabby for very little extra work on your part.
Well...
I don’t know about you, but I’d definitely rather
be using the second strategy in my business.
If you want
to tap into the other 98% of people that you are missing out
on and have the opportunity to create a substantial backend
income, you need to develop an aggressive approach
to your marketing strategy.
You
Still Don't Believe Me... You Want Further Proof...
For your
information here are some statistics from a recent survey taken
in the United States on the buying habits of people who purchased
items on the internet:
|
2
% of sales are made on the 1st contact |
 |
3 %
of sales are made on the 2nd contact |
 |
5 %
of sales are made on the 3rd contact |
 |
10
% of sales are made on the 4th contact |
 |
80
% of sales are made on the 5th - 12th contact |
These statistics
confirm our previous examples… to achieve
any level of success in an internet business,
you MUST have a system in place to capture
additional sales using backend strategies,
ie after your visitor has left your site.
People need
repetition in order to fully absorb the message,
understand the information and be completely satisfied before
purchasing the product. Some people even forget the message
altogether after a few days and need to be reminded on the
benefits of the product or service.
What is
needed is a simple, easy to use way to follow-up
with your potential customers to give them a gentle
reminder or provide additional information on your product or
service... so they can consider all the benefits,
prior to making their decision.
One of the
best methods of getting information to customers is through
the use of an email autoresponder. Email autoresponders
work like a fax-on-demand. If your visitors send an email or
complete a subscription form linked to your autoresponder address,
they will immediately be sent a pre-written
email message on their preferred subject.
Autoresponders
allow a sequence of messages to be sent to a prospective customer
at various intervals. For example, if you subscribe to the Pushbutton
Publishing autoresponder course, Five
Simple Steps to an Internet Cash Flow a sequence
of five different emails will be sent to you every other day.
All the technical stuff is done automatically…all
you have to do is load the message into the
autoresponder.
Now it may
seem like a lot of work to create all those follow-up email
messages, but I can guarantee that the time will be well
spent. However, if you haven’t got time to create your
own series of follow-up emails, you can obtain a pre-written
autoresponder like Five
Simple Steps to an Internet Cash Flow . All you have to
do is change the links in the text and load it into your autoresponder
If a prospective
customer doesn't purchase your product after the first contact,
but subscribes to your course, they receive
follow up emails that offer additional incentives
to entice them to purchase your product or service.
Join
High Quality Affiliate Programs
This is
the perfect method to create backend
sales. If you have done your homework and joined high
quality affiliate
programs, you can literally make a small fortune
on backend sales by promoting the affiliate product to your
subscribers.
A few years
ago I remember requesting information via regular mail for a
home business course. As expected I never bought the package
on the first sales letter… however by
the time I had received their fifth follow-up letter I was convinced.
I ended up enrolling in the course.
Sure, it
cost this company money every time they sent me a follow-up
letter, but they understood the power of repetition… and
in the end it was worth it.
The beauty of sequential autoresponders is that it doesn’t
cost you any extra money to send follow-up
emails. If you have already built up your opt in email list,
you will have a guaranteed targeted audience.
Your list obviously has an interest in what you have to offer
or they would not have joined your list or sent an email to
your autoresponder for additional information in the first place.
Sequential
autoresponders are not only good for follow-up sales letters,
but you can also use it to offer an informative course
via email. Ken Evoy of the SiteSell
fame offers a variety of ecourses over a five day period.
He uses a sequential autoresponder to send out a different part
of a course on different days.
Ken doesn't
need to do a thing. His courses are pre-loaded
in the autoresponder and all he does is sit back and wait for
the sales to role in. In fact he doesn't even
know who is taking his ecourse. His autoresponder act's as his
automatic sales machine… 24 hours a day,
7 days a week, 365 days a year.
Even if
your visitors don’t end up purchasing from you, you still
must make contact to your prospects on a regular
basis, to let them become acquainted with you, develop
credibility, and set the stage for relationships that
are conducive to doing business in the future.
It takes
several contacts to convert an interested prospect
into a paying customer, a near impossible task with one-shot
advertising. And unlike any one-shot advertising strategy can
ever do, your own well cultivated opt-in list
can guarantee you a monthly income into the
future. This is what is meant by “the money is
in the list”.
If we care
for our list, give excellent service and cater to their needs,
the list itself becomes a means to financial
freedom.