Ryan Reynolds (0:00)

Ryan Reynolds here from Mint Mobile. I don't know if you knew this, but anyone can get the same Premium Wireless for $15 a month plan that I've been enjoying. It's not just for celebrities. So do like I did and have one of your assistant's assistants switch you to Mint Mobile today. I'm told it's super easy to do@mintmobile.com.

Unknown Voiceover Artist (0:17)

Switch upfront payment of $45 for 3 month plan equivalent to $15 per month Required intro rate first 3 months only then full price plan options available, taxes and fees extra. See full terms@mintmobile.com got a 7am meeting.

Unknown Employee (0:33)

On a Monday expensing breakfast because it's in policy wasting all afternoon submitting an expense report for that breakfast. If your company used Ramp, you could submit expenses with just a text.

Ryan Reynolds (0:51)

Yay.

Unknown Voiceover Artist (0:53)

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Omar Zenhom (1:11)

Hey, welcome to the $100 MBA show giving you the insights you need to build the business you want with our practical business lessons. I'm your host, your coach, your teacher Omar Zenholm and today is Q and A Wednesday. On Q and A Wednesdays, we answer a question from one of you, one of our listeners. If you got a question you want to ask, go ahead and email me over@omar00mba.net Today's question is from Janet and Janet asks. Sending out email offers is how I make most of my sales with my online business. But in the past year my sales conversions via email have dropped. Can you help me out? How do I increase my sales conversions via email offers? Solid practical question Janet. Love it. I got your back. I'm also a huge fan of email offers. Email is one of the best ways of marketing. Getting in somebody's inbox is a great way to get their attention. Email is something that people have to deal with. They have to read it, they have to archive it, they got to do something with it. They can't just thumb through it like a social media feed. In a lot of ways, our inboxes are our last sacred place on the Internet. So having access to people's inboxes is a fantastic way to make offers and add value to your customers in a personal way. In today's lesson, I'm going to break down how to analyze your email marketing funnel and see where the bottlenecks are, see where you can do better, and how you can make some small tweaks to make some massive conversions. I'm going to show you where are the areas that actually move the needle and how by improving these areas, in my experience, can massively improve your conversions. In my case, it improved my conversions 3x. I was making 3 times as many sales after I made these changes. So let's get into it. Let's get down to business. Now we're on the same page. Email is a fantastic tool to sell, but we have to recognize that everybody's different when it comes to email. What I mean by that is that the way people treat email, the way that people read emails, the way people consume emails, is different. There are people that read every word, every letter of the email from top to bottom, subject line, P.S. everything. There are people that just skim through. There are people that read the first two sentences. There are people that read the subject line and then star your email and hope to read it later. There are people that click through your links and go through your pages. And there are people that don't click on anything at all. So you have to recognize this. And the reason why we have to recognize this is we have to change the way we deliver our content via email. Understanding that people are different and you want to treat people differently based on the way they consume email. This just mindset, this concept really was a game changer for me. And once I started thinking like this, I started to see massive changes. We're going to go through some small changes, some small tweaks to your strategy that are going to make a lot of difference. So the first strategy is you have to recognize that not everybody is interested in what you're offering. There's gonna be a good number of people on your email list that is interested and are potential buyers. There are more likely to buy than other people on your list. So you need to identify these people because you wanna go deep and you wanna be able to treat them differently. You wanna be able to deliver different kinds of emails. So the first type of email I like to send before I send any offers. So say for example, I'm making an offer, I'm doing a sale, I'm doing whatever, a promotion. A few days before, even a week before, I'm going to send a different kind of email to my list. This can be my entire list. And this email is not an offer, but it's free, valuable content about what I'm selling. Let's say, for example, you're a basketball coach and you are selling a course on how to improve all aspects of, of your offensive game. Shooting, dribbling, passing, free throw, shooting, you name it, okay? That's what the entire course is about. If somebody were Interested in buying a course like that, what kind of content would they be interested in? Well, maybe it's something that has to do with a pain point or a problem that they're trying to solve around that area. So in this case, it might be free throw shooting. And you want to choose something that everybody can relate to. And free throw shooting in basketball is something that everybody relate to because at some point you're get fouled and you're going to have to shoot free throws and you're going to have to, you know, sync those shots to help your team win. So I would send a very short email, I'm talking about two, three lines max, with a link to a video on my website teaching a quick tutorial on how to really improve the free throw shooting very quickly, whether it's a visualization exercise or whatever. The point here is that I'm going to send an email saying, hey, I got this great training that you want to check out to improve your free throw shooting by X percent. It's only 6 minutes long. Click here and start syncing free throws now. The reason why we want this email to be super short is because I'm not interested in them trying to read a long, long email. My whole goal here is that I need people that actually open the email to click the link. Why? Because I'm going to track, I'm going to tag people, whoever click the link. And you could do this with any email software tag based on if click something in an email and this lets me know they are interested in improving their offense in basketball. Okay, this is somebody who's interested and would be interested in buying my product. What I find when I do this exercise and I give a good week so people can have a chance to open this email and click the link and watch the video is that I get about 50 to 60 people on my email list that have opened the email to click the link. This gives me a great audience that I created in my email list. Now these are the people I'm going to be promoting to. What do I do about the other people that never opened the email and never clicked the link? You might be saying, well, they're never going to get an offer. Well, not if they don't click the link. I only want the warmest audience, but I have an automation set up in my email marketing software. We use ConvertKit. We love it. They're not a sponsor of the show or anything, but you can create an automation inside your email marketing software. To send this email to anybody who did not open it so you can send a second or third version of this email, say, hey, did you see this video? Hey, I got something for you. And usually I just do two follow up emails. And again, in those emails I have the same tag. If they click on the link, they get tagged with that tag. So that way I know they watched the video or actually they went to the page of the video so that they're interested in improving some aspect of their offense or in general terms, they're interested in what I'll have to offer in a few days. This alone is going to help you tremendously. One, it warms up the audience, it gets them interested, sort of thinking about, you know, your product, your thing, your world, basketball in this case, it starts getting them thinking about how they need to improve. They start thinking about investing in themselves and implementing some of these strategies. It also allows you to kind of get permission in a way to continue to talk about this because they have already proven that they're interested in this. Next we're going to talk about the emails we're going to send to those people that clicked with the offer. Some people like to send one or two emails. Some people like to send 10 emails, some people like to send seven emails. For me, my sweet spot is for any offer to send five to seven emails. Two of those emails are, you know, last chance emails on the last day. Now I might send more emails if I'm like opening and closing a program like we do with $100 MBA and and it's only open at a certain period of time. And I will not be selling this program for an extended period of time. You know, a bunch of months, five, six months. So it's actually really urgent for them and very important for them to sign up now because they won't have a chance later. But generally, let's say five to seven emails. You could choose what to put in these emails. But if you want to increase your conversions, you have to remember that people don't buy on the email, they buy on your website. And this is something that once I figured out and perfected, really skyrocketed my conversions. So you have to remember that there are a lot of different ways people could buy. They can go to your website, they can go to the product page itself, they can go to the checkout page where, you know, that's it, they're in the cart. So where do you send them in this email? I'm bullish on getting them in the checkout in the cart right away, meaning I'm not really interested in getting them to hit the sales page. Because the sales page can be quite long and detailed and there's videos and there's testimonials and all kinds of stuff. And yes, it could help. And you may want to send them there early on in your email sequence. But really, most of the time what I find works the best is sending them straight to the cart where after they've clicked the buy button, that next page where it's like checkout, they put their information and they check out and buy. Why? Because I'd like to use the email to sell and then have the call to action to like buy now. Now, in the first email, you might want to just announce, hey, doors are open. We are selling the product. Here's a quick overview what you're going to get. This is the deal. If you want all the details, here's the sales page with all the details. Go ahead and read it. Offer ends so and so. That's usually my first email. I don't send them to the car. I send her to the sales page so they have more context and they have more time. There's gonna be people who are gonna buy right off there, but most people won't. My second email and following emails, I like to start my first line of the email with, hey, if you got my last email and you know about this offer and you're sold, just click here to grab your spot to grab this offer. This goes straight to the car. Some people are just like, I'm gonna buy anything you sell. They're, they're huge fans of you. Some people, they've already read your email before they've solved the sales page, they're convinced they just needed a reminder. They're gonna click, save them the time, have them go straight to checkout. After that line, you can then, you know, continue to talk about the offer, talk about what is included, why they need it, the scarcity, all that kind of stuff. More about scarcity later. But this is huge. Okay? That one liner made a huge difference for me because some people don't have time to read the whole email. They're just interested, they want to buy. I even throw in a line says, money back guarantee. You know, just let them know that, hey, if they just make a decision to buy right now, there's no risk. They have 30 days, all that kind of stuff. And in all the following emails, I just send them straight to cart. And then in the PS line, I can say, hey, if you are not sold yet and need more convincing, check out our detailed sales page and that will be hyperlinked. The next strategy that has increased conversions for me tremendously is deadlines is scarcity. Real scarcity, real deadlines. I really believe in them because people take action when they do miss in the past an offer. I know we all have experienced this, whether it's Black Friday sales or E commerce sales or a coupon that expired that we forgot to buy something, do it. It works in your business. And there's a lot of great tools for this. I mentioned Deadline Funnel before. Great tool. There's other tools as well, but I've used Deadline Funnel before and it's a great product and basically it creates countdown timers and deadlines specific to each subscriber on your email list. It's a real deadline, it's not a fake deadline. It's not scammy or anything like that. It's actually legit and it expires. And when the offer's over, the offer's over and they can't get it. It's pretty nifty. It's pretty simple. And you can implement it easily with your email software and your website. Now, what's great about this is that you can embed a countdown timer right inside the email so they can see when they open. Wow, this is how much time I have left. I got to get going now. You don't need this timer, in my opinion, in the first initial emails, but especially the last few emails when there's like a day or two left, they need to know, hey, time is ticking. You need to take action and let them know what happens if they don't take action. They need to know. People don't know. Just a timer alone is not good enough. So, for example, you will not be able to enroll until, you know, six months down the line or this offer is going to end and you're going to have to pay full price and you're not going to be able to save X amount of dollars or you're not going to get all these bonuses outside this offer. Let them know what they will lose. People have strong feelings towards loss aversion, right? People are more concerned about losing something than gaining something. So you might think you're convincing them by saying you're going to get this and this and this bonus and a discount and all these great things. But the reverse is actually more compelling. You won't be able to get these things, These things won't be on offer. They'll be taken away from you if you don't take action. So scarcity works. Time scarcity and of course the bonuses and all the great deals that they're going to miss out on.