The five types of sales funnels you need to create “income at will”

By: Dan Kennedy on: January 23rd, 2015 4 Comments

A few months ago, a business with a list well over a hundred thousand strong launched a campaign that was a total bust.

Their list is highly targeted. They did a lot of research and spent a good deal of time creating an avatar of their ideal client. Their demographic is one where there is disposable income waiting to be snatched up.

Their open rate and click-through rate was high.

The copy was good and on target with their list.

But no one on the list was buying.

So what happened?

The secret to creating certainty in any business is two things…

Consistent lead flow and the ability to turn those leads into paying customers.

In this case, they were able to not only attract targeted leads—but capture them.

But, it’s one thing to get leads.

It’s another thing all together to extract money from those leads.

Like most businesses, they filled up their sales funnel with “freebie-seekers” and “looky-loos” who have no intention of buying.

Furthermore, for more than a year they gave away free content, never once offering their own products for sale.

Sure, during that time, they included links in their blog to other people’s products and services, and a few other things to generate some income, but they never had a real call to action. They didn’t create real sales funnels or follow-up sequences. They never really even made a solid offer.

Then after a year, they decided they wanted to sell to their list, putting all their resources into one campaign.

They hired strategists, a research team, and copywriters with good track records. They made a plan and developed their strategy. Nothing was just thrown together. A lot of time, effort and money were put into this.

But people didn’t buy the product. In fact, they only made one sale.

They spent so much time giving away free content that they never taught their list how to be buyers.

So when they decided to flip the switch and ask for money, no one was listening.

If you want to avoid a similar problem in your business (or if you are making sales, but not as many as you think you should) create sales funnels to do the following:

  • Segment your database to discover who is interested in buying and who is more interested in collecting free stuff.
  • Pre-qualify people to segment the ones who are truly interested and qualify for the high-priced items or programs you offer.
  • Increase the value of a new member or purchaser by gently pushing them up the money pyramid.
  • Determine who your hyperactive buyers are. (Tweet this!)
  • Speed up the sales cycle and acquire customers faster.

If you want a TRUE “income at will” business, you need to have a sales funnel that not only helps you create a list of buyers, but one that lets you literally multiply every single dollar for every sale you make.

P.S. – Get “The 10 Rules to Transforming Your Small Business into an Infinitely More Powerful Direct Response Marketing Business” for FREE. Click here to claim your customer-getting, sales-boosting tactics.

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    ABOUT THE AUTHOR:

    Dan Kennedy is internationally recognized as the 'Millionaire Maker,' helping people in just about every category of business turn their ideas into fortunes. Dan's "No B.S." approach is refreshing amidst a world of small business marketing hype and enriches those who act on his advice. For more money-making marketing tips, tactics and strategies, go to www.GKIC.com

    4 Responses

    1. David Hunter says:

      I was just learning more about list segmentation.

      A great way to do it is have your list re-subscribe to any new offers, whether for free or paid. That way, you’ll know for sure who only wants “free.”

      Also, I love seeing companies (like GKIC) have prospects pay for shipping or $1 for a product. It won’t break anyone’s bank, but it’s enough of a deterrent to keep the “freebie-seekers” away.

    2. Leo says:

      Great article.
      I agree 100% on cutting your time creating freebies.

      Best!

    3. Hello David,
      A lot of email softwares now have the feature for segmenting your leads by the action they take. You don’t have to make them resubscribe as that would actually turn some people off. But by having them just click a link I think is more easier and the software takes over from there and adds them in the new list/segment.

    4. wendy says:

      I was very disappointed with this article. There was nothing of worth here. Exactly where do you tell us the 5 TYPES of sales funnels? All you give us are 5 tips on what our sales funnel should do. I expected to see a list of 5 different sales funnels laid out with details on each one.

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