If you missed part 1 you really do need to listen to it. Context is vital for this mini series. So please pause this, go listen to part 1, and then meet us back here for part 2.
Let’s jump right in to the continuation of my many, many lessons gleaned from my willing, but disappointing $80k loss.
As stated in part 1, we started ads to the free on demand workshop, which upsold with a 24 hour buying cycle to my FitsPRO foundations course priced at $1,894.00
* It became clear after four months that people needed a longer buying cycle before they were going to go from cold audience to paying me nearly $2,000.00.
It sounded very obvious to me when a mentor said this to me after I shared my data and experience up to this point. Like duh, why would someone who’s never heard of me before, watch a free workshop, and trust me enough in that 45 minutes to fork over 2k? They wouldn’t.
This made me question the agency as well. Like shouldn’t they have known or seen that? No? I don’t know.
There is so much context here. I am one of MANY. I have friends who this works for but they are LITERALLY the only person who offers what they offer. They fill a serious gaping hole in an industry. FB is riddled with business coaches who coach coaches. To a cold audience, why am I any different? You know? So, perspective and context matters there. Saturation of an industry does really play a part.
If you’re like, well Annie maybe it was your funnel, trust me, we thought of that, but…
* Just because funnel performs well with a warm audience, does NOT mean it will perform well with a cold audience. Cold audiences are a completely different ball game than warm audiences.
Because they were making me no money - the two total sales that came in that first 4 months would remain the only 2 of 3 sales that every came from a FB person. I downgraded to driving ads to my ideal client avatar download.
Looking back, I should have just cut the cord then. Not because the ads weren’t working but because there was a clear disconnect with this agency and my approach to business.
With that, I was committed for a year. If I quit then, I’d still be left with the “what if I would have tried driving traffic to a freebie instead of the workshop?” So, we pressed on with our new approach and updated funnel.
I went on to update and lengthen the funnel two more times as no one was converting. Including a complete overhaul, new bonuses, a brand new low level offer, and rebuild of the funnel itself. When I say I exhausted my options and committed to the process, I am for real.
The list WAS growing. That’s where my next mistake came into play.
* Testing or gathering more information from the leads being brought in should have happened WAY SOONER.
I didn’t know this was needed but boy did I find out that the leads they were bringing in through their targeting just weren’t even qualified leads. Not from the research I gathered in my last week of working with the agency.
In the last week of working with them, I dropped a new super low end offer and compared purchases from my warm audience and the list I’d built from FB ads. Of course I’d expect my warm audience to buy at a higher rate, but not a SINGLE, I repeat not a single prospect from that FB list purchased.
On top of that, I dropped another exclusive opportunity to buy fitsPRO. If it performed well,