Welcome to ACCPOW's Insider - November 16th, 2004
issue, published weekly by the Association of Coaching & Consulting
Professionals on the Web, at http://www.accpow.com
Fix Holes in Your Marketing
Funnel, and Watch Your Coaching Business Revenue Grow
Copyright © 2004, Milana Leshinsky
Read this issue online at:
http://www.accpow.com/public/insider/111604.html
Every coaching business has a marketing funnel. The smoother your
funnel runs, the more efficient and successful your business is.
Here is an example of how your funnel may look:
Notice that there are three levels - f'ree, paid and well-paid.
Many coaches skip the "paid" level entirely, and try to sell their high
ticket items (coaching) to those who just requested f'ree information.
Other coaches don't have the "free" level in place, and wonder why their
lead generation doesn't work well.
How does your marketing funnel look? Here is mine:
You may have gaps or "holes" on any of three levels. See if you
can spot any "holes" in your funnel:
On "F'ree" Level:
-
Signature at the bottom of your articles isn't effective enough.
It talks about you instead of your giveaway or an exciting feature on your
web site.
-
You're submitting your articles to places irrelevant to your business.
Instead of, or in addition to, generic article directories, be sure to
submit to hand-picked highly targeted newsletters and web sites.
-
Article topics are not quite relevant to your target audience or
to your products. Don't write about your trip to Thailand and expect prospects
to contact you about coaching. This rarely happens.
-
You're not capturing traffic from your web site. Be sure to have
a mechanism to ask for your visitors' contact information, or you lose
a lot of potential customers.
-
Your f'ree giveaway on the web site isn't enticing or relevant enough.
Make sure your f'reebie is worth at least $20 if they were to buy it.
-
You're not following up wih people who request free information.
Use autoresponders to send out a sequence of lessons, tips or articles.
-
Your follow-up messages have no call to action. Be sure to invite
people back to your web site, check out a product, sign up for a teleseminar,
or enroll into a coaching program.
-
Newsletter is not doing its job at bonding with your readers and
developing a long lasting relationship.
-
Your web site isn't content rich to generate outside links and referrals.
Add more articles and resources to fix this "hole."
On "Paid" Level:
-
Too many product offers on your web site dilutes the focus and overwhelms
the potential buyer.
-
Ineffective text copy on your web site may cost you a sale every
time.
-
No enticing bonuses for your products to increase the chance of
a quick and easy sale from an excited customer.
-
Pricing problems - too high or too low. Test different price points
and check out what competition charges.
On "Well-Paid" Level:
-
Ineffective or no follow-up with customers who purchase your products.
They may not even be aware that you're offering coaching and other services.
-
Too many different coaching programs and options confuse and overwhelm
potential clients. Choose one or two main coaching options and focus
your coaching page on it. List other options on a different page for those
who're interested.
-
Ineffective or too short sales copy for the coaching program or
services. Remember, the higher the price, the longer should your
sales letter be.
-
Coaching fees too high or too low. Ask your clients or customers
what they think you should be charging, and check out your competition.
-
Wrong target market, no money for high-ticket items. This one will cause
your revenue to stay low no matter what else you do.
Spotted any "holes" in your marketing process? My recommendation
is to fix them one at a time and test for at least a week. Otherwise,
you won't know which fix "magically" worked!
*****
Milana Leshinsky is a marketing coach to coaches,
and the founder and principal editor of ACCPOW. Visit Milana's
personal web site at http://www.richcoachpoorcoach.com.
How
to Build Your Practice Using the Internet - FREE Tele-Seminar with Milana
Leshinsky and Travis Greenlee
As
a part of Master Coach Business Building TeleSeminar Series, Milana Leshinsky,
the founder of ACCPOW, will discuss the best strategies for attracting
more business using the Web. You don't want to miss this open and dynamic
discussion on Thursday, November 18th, sign
up FREE now!
Related Articles
Smooth
Operator - 12 Tips to Stop Wasting Time & Put Your Business on Auto-Pilot
by Sylva Leduc
Why
Most Coaches and Consultants Have a Limited Income Potential, and What
to Do About it
by Milana Leshinsky
10
Classic Ways To Successfully Use Autoresponders
by Ken Hill
10
ways to work through a business slowdown
by Rachna D. Jain
Member Updates
& Resources
How
to Handle Massive E-Mails and Stane Sane
Andrea J. Lee has kindly provided us with an illustrated tutorial on
using Microsoft Outlook to manage large amount of emails you receive daily.
Screenshots and step-by-step instructions are easy to read and follow.
Automate,
Automate, Automate
How do some coaches have 10 web sites, dozens of products, and still
have plenty of time to coach clients and enjoy a lot of time off?
Automation is my personal secret, and this article by Richard Grady will
show you exactly how you can completely automate every aspect of your business...and
enjoy the life most business owners only dream of.
ACCPOW Membership
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plus more:
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Over 500 marketing articles for coaches
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Coaching web site design templates
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Passive income ideas for creating your own coaching products
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Directory of 1,000+ online publishers, e-books, and newsletters
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Private member discussion board
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120+ page marketing guide for coaching professionals
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Feature stories, case studies, and much much more!
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2004 , Association of Coaching & Consulting Professionals on the Web.
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