D4Y

[Step 2] The Truth of Building A Successful Online Business

What does fishing have to do with your online business? And how is it going to eliminate hard selling and help you create a list of people that are literally begging to purchase form you? Keep reading.

As I mentioned last week, creating an online business can feel more like falling down a rabbit hole. There is certainly no shortage of courses, programs and content out there, but what I have found is a shortage of proven systems…which lead me to creating this blog series. You can read Step 1 here if you missed it.

Now that we have covered the first true step in creating a successful online business, finding a problem that people want to solve urgently, it’s time to move onto step number two.

Step #2 to starting your online business: Find the perfect bait. Why? Because now that you’ve found the market you want to sell your product or service in, you have to attract your customers. Set your bait and go fishing!

What do you use when you go fishing? Worms! Works are the perfect bait, or as we say in the internet marketing world: lead magnet. These lead magnets attract the fish; your potential customers. The only way to attract lots of potential customers is to make sure that your bait is geared toward your target market. How do you do that? You have to use bait that they’re interested in.

Lead magnets (your bait) are typically offered at no cost. Your goal is to create a valuable, enticing freebie. Most often these are in the form of a report, ebook, download, webinar, etc. These lead magnets are pieces of content that offer a taste of the solution to a problem that these potential customers face. Fish have the obvious problem of wanting to eat so they can keep alive. That worm is therefore their perfect lead magnet. Unfortunately for that fish, the fun stops there. Most funnels go on to entice the potential customer further, but we’ll save that step for another day.

Back to that juicy lead magnet you’ve got dangling. The idea is that in return for the freebie you are giving your now highly interested (and hungry) potential customer, they provide their email address. Once you capture this information they become a prospective client in your funnel. Win-win; they get the worm/lead-magnet and you get their contact information.

When you give away a free tip, technique or solution that people can use instantly, they will want to hear from you more. This is because a lead magnet that speaks to your target market translates to you attracting potential customers that will WANT to join your list and buy from you. A lead magnet that speaks to your target market will be in alignment with a problem they need solved. Mix this solution with the value that you believe in providing as a business owner and this lead magnet will position you and your business so that you never have to “hard sell” anyone.

Based on your market’s biggest problems you will want to create something valuable to give away for free… like a collection of helpful tips or a series of mistakes to avoid.

Give people an actionable item that is a taste of the solution to solving their problem. Give them something that is so helpful your prospects WANT to hear more.

Presto!

This is how you start building your list of hungry prospects who will buy from you, over and over again.

It all starts here… with choosing the right market and offering up something valuable for free, so they want to keep hearing from you.

Once they want to hear from you and are on your emailing list, you can keep in touch with them and increase the chances of them buying repeatedly from you.

Again, selling is nothing more than helping people solve a problem they are motivated to solve.

So, if you offer great value for free upfront, and help enough people get what they want, they will start chasing after you. Now THAT is one financially strong position to be in!

When you’re offering solutions to problems that you know and understand, you will be seen as someone who cares and has people’s best interests at heart. And hopefully, this is true! You will be unlike other marketers who simply try to sell first. This is key.

A lot of entrepreneurs miss out on the opportunity to build responsive, engaged lists of potential customers because they never create a lead magnet that will help someone immediately. Many believe they should charge for their knowledge from the very start. This is a mistake. You certainly don’t need to share everything you know for free, but offering up valuable nuggets, (i.e. lead magnets), that begin to solve pain points that your potential clients and customers are facing, introduces you as a generous and potentially helpful expert in your market.

Go to Costco on any given Saturday and you’ll usually find workers giving demonstrations and offering free food in the aisles. These are lead magnets in a very basic form. These samples are demonstrating value before the you have to risk any money. And let’s be honest, it works! We all are full by the time we leave the store and have a few more things in our cart than we intended on getting.

Your lead magnet is like your own personal demonstration. You’re giving away something someone can use right away to get a result, while simultaneously learning more about you and your brand. You’re demonstrating your knowledge and proving that you can indeed help them. That’s when they want to join your list and hear from you more.

Once you build your list, not only can you keep in touch with your potential customers, but if you do it right… you can continue offering products to them on the back end.

You can make repeat sales with them by continuously offering them valuable information they can use to get what they want. Then, you can soft sell other products as well… either ones that you created or ones you may offer as an affiliate. The possibilities just keep growing.

Rote Taste: Free Download After the lead magnet, you have the opportunity to lead a potential customer into upgrading and becoming a customer. You can offer them a full length program, course, product or maybe even a specific service; whatever it is that comes next in your sales funnel.

Your customer list soon becomes your biggest money making asset because you’re able to keep offering value to your list; giving them tips, techniques, and content they can use.

When you have people searching YOU out instead of you having to chase people down… life gets easier and so does generating automatic money from your online business.

Trust me… if you want to make more money, stop trying to make more money. It sounds counter-intuitive but re-focusing on your efforts to provide more people what they want through your lead magnets truly works. Share what you know with your market!

Someone once told me, “Focus on the numbers and you will lose sight of the vision, focus on the vision and the numbers will come.” I have built all of my businesses with this philosophy and I wouldn’t ever do it another way!

So, here is your next task…

Offer life-changing, incredibly valuable information in your lead magnet and share with your already defined target market… this will get people WANTING to hear from you.

Take this pivotal step and watch more people join your list. This directly translates into money in your pocket when your funnel is up and running. More to come on that in Step 3!