How to Make $1 Million With Webinar Ignition
Webinar Ignition could flat out change your life. That’s a bold statement, I know. But I gotta back up my “outrageous title” (actually, it’s not at all outrageous and you’ll see why in a minute).
Truth is, Webinar Ignition is just a WordPress plugin. That’s it. You can’t touch it or feel it. It doesn’t smell or have any taste. After you make the initial investment all you’ll do is download it and upload it to your site.
In an instant, the fun is over and you realize money is NOT “screaming into your bank” and your website is NOT slammed with “floods of traffic”.
To make money with this… ya gotta do some work. A LOT of work. (Did you really expect to make a million bucks sittin’ in your recliner poundin’ down cold ones? Ain’t gonna happen.)
So… now that I got that outta the way, I’d like to give you something. For free. Cuz I’m a nice guy. :-)
Dude, first you gotta check out what this frickin’ plugin can do! CLICK HERE to peek at Webinar Ignition (opens in new window)
Your Webinar Ignition Blueprint to $1 Million
Have I made a million dollars with Webinar Ignition? Um, no. The product isn’t even available until January 6, 2014 (it’s January 2, 2014 as I write this). This is merely a guide, an idea, something we all know to be possible but must put forth the effort to reap the rewards.
Webinars really have to fit into your business model for this to work. But don’t worry, I have a plan for those of you who are starting from scratch.
Again, Webinar Ignition is just the tool that makes all of this possible. You will be the magic to the million bucks. So, here we go!
Lets start with our $1,000,000 goal. This is something Dan Kennedy enlightened me on… he slapped something onto the Elmo projector and said, “There are a bunch of ways to make it to a million bucks, which seems the easiest to you?”
Here’s what I saw on the Elmo…
1,000,000 Sales @ $1
100,000 Sales @ $10
10,000 Sales @ $100
1,000 Sales @ $1,000
100 Sales @ $10,000
10 Sales @ $100,000
1 Sale @ $1,000,000
Making a $1 sale is a helluva lot easier than making a $1 million dollar sale but making 1,000,000 $1 sales is pretty dang hard to do. It makes you think a lot about the quality of the sale instead of the dollar amount.
Dan went on to say this, “Only 20% of the population says they make their buying decisions based on price.”
That’s HUGE! Marketers spend so much time worrying about price that they lose focus on the quality of what they’re selling. Money is not an issue for 80% of the population.
So if you’re concerned about selling “high-ticket” products… don’t be. 80% of the people don’t care.
Lets get back to the drawing board.
From my personal experience, I’ve seen products sold on webinars ranging from $47 all the way up to $12,000. But I’d say the average price point for products sold via webinar is $497. That’s the AVERAGE.
Lets break that down. At $497, you would need to make 2,103 sales a year to break through your million dollar goal. That’s about 168 sales a month, 39 sales a week or 6 sales a day.
You may be thinking to yourself, “So I have to run a frickin’ webinar every dang day?!” No. You could if you want… but that’s seems a bit crazy to me.
I gave you the numbers you need to hit your per week and per month goals. You need to do one webinar per month and make 168 sales at $497 or one webinar per week and make 39 sales at $497.
You can cut those numbers in half by increasing the price of your product to $997. On the other hand, you’d have to sell twice as much if you cut the price down to $247.
Increasing the Lifetime Customer Value of Each Buyer
Here’s the thing… the hardest part of all of this is getting someone to whip out their wallet while they’re on the webinar with you. That’s hands down the hardest part and it’s what most people completely miss.
It absolutely drives me nuts when I walk into a local establishment only to be snubbed by their employees (and sometimes the frickin’ owner!). They just don’t realize how much time and money it takes just to get someone to walk through the doors.
Don’t make this mistake. When someone wants to hand you money… don’t make them jump through hoops. Make it easy for them to give you money.
Secondly, when you find someone who wants to give you money, offer them something else. Known in the marketing world as an upsell or backend sale.
So in your webinar funnel, you make a $497 sale. I’d say that’s a pretty good quality prospect. If they could afford $497, they can surely afford $97 more for an “upgraded version”.
Just make sure you don’t screw up the initial sale. Make the $97 upsell after the initial sale. AND, make it an upgrade or for something completely different that they might need.
For $497, people expect to have everything they need already included. Don’t tick them off with your upsell. A great example for an upsell would be a “done for you” offer. They either want it or they don’t.
Now lets look at the numbers again.
An average upsell conversion rate (if done correctly) is 30%. If 30% of your $497 buyers take the $97 upsell, that’s an additional $61,207 a year. Now your total of 2,103 buyers needed to reach your million dollar goal drops down to only 1,980 needed (math is a little off but close enough to get my point across).
What I really want you to understand is how important it is to increase your Lifetime Customer Value. Especially if you’re paying for traffic. It could cost you anywhere from $10 to $50 to acquire a customer using paid traffic online. The more money you make off each buyer, the more you can afford to spend to get them.
IMPORTANT: The person who can spend the most on customer acquisition wins the marketing game.
How to Attract Big-Spending Webinar Attendees
The last piece to this puzzle is traffic. You need traffic. Whether it’s free or paid, you need it. AND, you need a funnel to convert that traffic into buyers.
The webinar is just the tool you use to get your sales message consumed and the product sold. Getting people on the webinar is a completely different process.
A process I don’t have the time or space to share here in this post. But here’s what I’m gonna do…
If you purchase Webinar Ignition through my affiliate link, I will give you access to an exclusive 11-day course I held for a small group of people.
The course is called How to Attract Big-Spending Webinar Attendees On Complete Autopilot. Less than 10 people got access to this course. Lessons are delivered via email daily, one at a time for 11 days.
Here’s just a glimpse of what I cover during this 11-day intensive course:
- How to transform your offer into a “no-brainer”, making the attendees BEG you to take their money
- How to narrow your focus to only attract people who have money to spend and are itching to spend it right now!
- Why you should NEVER send paid traffic straight to a webinar registration page (I’ll show you how to setup a funnel to convert cold traffic into big-spending attendees)
- The only 5 traffic sources you’ll ever need
- You’ll get a full day’s lesson on each traffic source explaining exactly how to extract big-spending webinar attendees from each source
- And much, much more!
How to Attract Big-Spending Webinar Attendees On Complete Autopilot is NOT for sale. Probably never will be for sale. The only way to get your hands on it is to purchase Webinar Ignition through my affiliate link.
How to Get Access to the Course After Buying
I truly hope you make 2014 the most successful yet… I sure plan to!
DISCLAIMER: In no way am I guaranteeing you’ll make a million dollars by following this plan. A lot needs to happen for this to successfully work. What I’m providing for you here is merely my opinions and is strictly intended for informational purposes only. Be aware that I will receive compensation if you click a link on this page and purchase Webinar Ignition. I AM affiliated with Digital Kickstart.