Money-making Product Funnel Formation – Uncover 4 Compelling Methods To Grow Your Product Funnel Creation
As a marketer, to make money online you need to understand the importance of growing the number of your products and services. This is one of the best ways to become more responsive to the needs and demands of your potential clients while you boost your on the internet earnings. This is the very idea behind product funnel creation.
Here’s how you can grow your product funnel:
1. Get to know your customers. It is very important to have a solid idea about the people you are serving.
You need to get to know their pressing needs, aspirations, most frequent questions, and the things that they would like to achieve. By doing so, you can simply figure out the kinds of products they need and the kinds of products that they will spend their money on.
2. Start your funnel with low-end products. You can’t count on people to shell out thousands of dollars on their first purchase unless they truly trust you.
So, it’s a smart idea to present your first-time customers with inexpensive products that can potentially bring huge difference to their lives. You may present these people with $10-$30 reports, short ebooks, tutorials, ecourses, and special newsletters.
It is very crucial to make sure that you present them with only quality products on this level of your funnel so you can easily convince them to come back for more.
3. Sell middle-end products. Most of your customers will surely come back for more to get additional information about your chosen topic. If you were able to offer them with great low-end products, you can be guaranteed that they will be waiting to swipe their credit cards to make another purchase.
present them with somewhat expensive information products like DVD tutorials, CD series, short seminars, or Webinars. As you are charging more for these offerings, ensure that you present more valuable information to give your clients their money’s worth.
You might also work in a network marketing program, niche marketing membership on how to make money with affiliate programs, and so on. These are all programs that can make you residual income yet cost your customers very little money to get involved in.
4. End your product funnel with high ticket products. If you were able to make an impression your clients and offer them what they exactly need on other levels of your funnel, you stand great chances of moving them to the last level of your funnel.
In here, you can offer these people with expensive products like one-on-one coaching, bootcamps, advanced coaching programs, and extensive seminars. For these products, you can charge up to $12,000 per person.
This is several ideas on creating a profitable product funnel. The goal is to maximize the money you are making with each customer while at the same time developing relationships with them.