Topics: Product Launches
Reading time: 2 - 4 minutes
I just launched Hypnotic PHP on Thursday, so how did it do? $3,308 in 24 hours... and $4,574 in 48 hours, that's how it did!
Out of the 962 people who actually clicked through my e-mail, 211 bought. That's a 21.9% conversion rate on my untested, half assed full of typos sales letter that I wrote in a few hours.
From those $17 purchasers: 141 of them accepted my $7 upsell containing 7 more videos and scripts (Urgency Tactics) ... 66% conversion rate there.
So the grand total was 352 sales for a total of $4,574... $4,320.56 after fees, but the number of sidetracked sales of other products, made up for those PayPal fees.
So why the heck didn't I do a dimesale or anything like that for this launch?
You don't ALWAYS need to repeat the same freaking exact process when you launch a product!
I used to have people complain about my dimesales (because they couldn't get in at a low price fast enough), this time I had people complain about the LACK of a dimesale (because he's used to getting in at a low price).
I haven't given up dimesales, but the effort that goes into pre-selling my list a few days ahead of time is a lot more valuable than doing all the steps to make sure my dimesale works correctly.
You don't ALWAYS need a dimesale offer, just some kind of scarcity. Mine was really low-key... you get in now for $17, but after 48 hours it's $27. No countdown timer, no ticker counting the number of sales... just a simple offer.
If you were on my list you got the Email Marketing on Crack videos that explained it...
- Day 1: Tell your list something's going on sale at such and such date and time.
- Day 2: Explain the biggest benefit. (48 hour notice)
- Day 3: List out the rest of the benefits. (24 hour notice)
- Day 4: Tell them you launched it. (3 minute notice)
- Day 5: Tell them it's the last chance to get in before you close the doors or raise the price
That's it! It's not rocket science. I only started applying this after people told me the dimesales didn't give them time to read the sales letter.
But when I replaced the dimesale with standard scarcity, I still made the same amount of money with less customers -- which means less support.
I know some of you guys might cry and say, "Yeah right, you couldn't have done that without your big mailing list..." How do you think I built that mailing list up in the first place? Product launches on forums to build my list.
One final tip about pre-selling your list: Have the product ready to go before you start pre-selling it. I see lots of guys promote first and then end up having to push the launch date back.
But me, I used those few extra days to whip up an irresistible upsell offer (the extra $7 videos and scripts). 90 minutes of work netted me an extra $707 on that promo.Â
Recent Comments