Selling digital products can be challenging, but not if you’ve got the right digital product sales funnel!
This post is going to serve as your roadmap through our DFY Accelerator!
You don’t have an email list to mail to and get a quick hit in revenue… You don’t have affiliates you can call on to mail your offer out… Nor do you usually have any real data that what you’re creating will sell.
If you’ve been in your space for a while or you’re creating a product because you found a solution to a problem you faced, you’ve got a much better chance of knowing it’s viable, but you still have to get the sales funnel structure right.
In this mini-tutorial, I’ll walk you through the basics of setting up and selling digital products. You might already be halfway down this list, and that’s awesome… Good for you!
After working with hundreds of clients and launching hundreds of offers out into the marketplace, this is our process for getting it done…
Step 1: The Product
The first step to selling anything online is to figure out what you should be selling. Sometimes, that’s gut instinct. Sometimes you see a need in the market that you know needs filled. Other times, you see a way to put your unique spin on something to make it more effective or solve a related challenge.
One thing you need to ask yourself is, “How can I best help my customers solve a problem in their life…” Is that through a digital product? Or through a service-related offer or consulting experience?
The other question you need to ask yourself is, “How do I want my business
At the end of the day, there are plenty of things you can sell and a variety of formats you can package it in.
You can put together:
- eBooks delivered as a PDF or through a Kindle/iBooks
- Video Courses fulfilled on your website or through a Learning Management System (LMS)
- Audio Courses fulfilled on your website or through a LMS
- Digital newsletter delivered regularly through email
- Membership where members receive access to any of the formats mentioned above
Step 2: The Offer
And you’ll need to create the product too :0)
Unfortunately, most people new to building a business online think that once their product is complete, they’re all done… When really, they’re just getting started. The next step is selling digital products online (or off!)
The next thing you need to do is figure out what your “offer” will be. In simpler terms, an offer is something that you present for acceptance or rejection.
You might offer your membership for $67 a month. Or your ebook for $37. Or your “assisted coaching program” which gives members access to a digital course for $1,500 a month.
Your offer is where you can get creative. You can do:
- Single, one-time payment
- Multiple payments spread out over a payment plan
- Monthly payments for as long as your subscriber remains in your program
- Front end downpayment with smaller monthly payments as they remain a member
- Free trials with memberships after so many days or weeks
There are lots of ways you can make your offer… If you want subscription revenue, you might want to bake that into your offer. If you’d rather have upfront cash, that’s fine too.
Step 3: The Sales Funnel
When it comes to selling digital products online, you’re going to need a sales funnel.
Now, a sales funnel isn’t a standalone page that gets an email optin… That’s called a landing page.
Nor is it a standalone page that has some sales copy and asks for the sale… That’s a sales page.
A “sales funnel” is a series of pages, sales copy and email copy that moves a prospect through the buying process as quickly as possible and automated as much of the sales process as possible.
Your sales funnel needs to be built for your offer. That’s one thing we talk about a lot in the Convert book.
If it’s a higher ticket, you’ll need a webinar. If it’s the lower ticket, you can get away with a sales video. In both cases, you’re going to want to have a lead magnet set up to get people converted into your email list so you can market to them in the future.
Here’s an example layout of our Webinar Sales Funnel:
And here’s the layout of our Video Sales Letter Funnel:
Each funnel starts with a landing page giving away a free ‘something’ like a report or ebook.
Then, there’s either a sales page with a sales video:
Or, a webinar registration page:
And, each of those sales pieces is backed up by some solid email marketing automation…
If you ask for the sale too early, your conversions are going to be terrible. If you wait too long, your prospects won’t be as engaged as they should be…
So, what we do with our clients is create done for you sales funnels that capitalize on buyers who are ready to take action immediately AND buyers who still need some warming up!
That way, you get the fast revenue that you need to re-invest in growing your business while also growing a tribe and loyal base of customers that will buy from you for months and years…
Regardless of what you sell, writing an email marketing copy is easy with Scriptly’s Autoresponder Engine.
You’re able to craft your emails quickly, always catering to the individual subscribers in the different segments of your email list.
Now, let’s dig into the email sequences that’ll help you dial in your marketing…
Step 4: Getting Traffic
Now, there are lots of ways to get traffic… You can write blog posts and wait for Google to index the content and hopefully rank you somewhere favorable.
You can try to wrangle affiliates to mail for you, but you need to put up with their schedules and suffer a lot of rejection if you don’t have a personal relationship with them.
You can write press releases or sit on forums answering questions and hopefully directing enough people back to your site to make a dent.
Our favorite way of getting traffic is to just pay for it! This, from a guy who used to say he was allergic to paid traffic and lived for SEO’ing websites…
Now, there are lots of places out there where you can get traffic, but only a few will make sense for your offer. You can get traffic from:
- Facebook - the one most people start with because it's generally easy to set up
- Google Adwords - arguably one of the best sources of traffic on the planet, but more difficult to figure out.
- Youtube Ads - solid when you're using video in your marketing
- Pinterest - very niche specific but low cost when you use it correctly
- Native ads - works well with offers embedded in blog posts and advertorials
We’re happy to dive in and take a look at what the best traffic source is for you and your offer if you set up a free Action Plan call with me here:
Selling digital products is a great way of starting and growing a business online. The cost of fulfillment is almost non-existent. You don't need a physical location or inventory. You do, however, need to solve a real problem in the world and also make sure that your target market knows you exist...
Building an online business isn't a, "Build it and they will come," kind of thing...
If you don't figure out how you are going to grow your brand awareness and put people on your sales video or your webinar, it's going to be an uphill battle no matter how much work you've put into the product.
If you'd like to jump on the phone and chat about your product, traffic sources or sales process; please click here to set up a call with us!