The post Episode #13 – Fear Of Loss appeared first on DotComSecrets.com Blog - Weird Marketing Experiments That Increase Traffic, Conversions and Sales....
The forgotten power of adding Scarcity to y...
The post Episode #13 – Fear Of Loss appeared first on DotComSecrets.com Blog - Weird Marketing Experiments That Increase Traffic, Conversions and Sales....
The forgotten power of adding Scarcity to your offers and Segmenting your lists.
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Hey everybody, this is Russell Brunson with DotComSecrets.com and the Marketing in Your Car podcast. I want to welcome you guys to today. It's a beautiful day here in Boise, Idaho. I'm excited to drive to the office but I want to share with you guys something that happened yesterday.
I've been involved, the last 30 days have been kind of crazy in my businesses. On top of everything else, we were in a contest for this one network marketing company that we're involved with for a Ferrari, and it's been crazy trying to win that. Then we also launched a network marketing company called Rippln which has been going crazy, which has right now growing faster than Facebook did.
It's been a crazy 30 days, and the month just ended for us so I'm excited to get back and start focusing on some other projects as well. Today, we're focusing on our supplement which will be fun, but I wanted to share with you one interesting thing that I remembered last night. Back in the day, we used to do a lot of product launches.
We haven't done a product launch in a couple of years because of the stress behind them and all the stuff that goes with a product launch, so we just kind of haven't done them recently but I forgot that when we used to do product launches, we do the big launch. Usually they would be a seven day launch. What was interesting is we would normally sell as much product on the last day of the launch as we would on the first day.
If you looked at the graph, it's almost like a big smiley face, tons of sales, and then it slowly dropped down in the middle of the week, and then the last day would spike back up. For the Ferrari contest, I was beating the other guys pretty well until yesterday. I think we had sold 750 copies of the product, which is pretty dang good.
That's a lot of sales for a 30 day period of time, especially thinking in the middle of it, we spent two and a half weeks launching a network marketing company so I only had basically two weeks to even compete at the contest. Basically, we had sold a lot. I was proud. We were doing really good.
Then yesterday, the contest was ending at midnight Eastern time so the owner of the affiliate program that we're promoting, he basically told me, “Russell, if you can get 40 more sales today, you got a pretty good shot of just winning it pretty easily.” I'm like, “Alright, we'll try to do 40 more sales.”
We started promoting the last day. We had some scarcity obviously because the bonuses we were offering and stuff were going to disappear at midnight. We did a couple of things that were strategic that I think worked out really well for us, but when all was said and done, we sold 188 copies yesterday, yesterday alone, which still blows my mind that we sold that many.
We sold more on that by far than we did on the first day, almost first week. Scarcity played such a huge role in it, 188 copies, just blows my mind. The way we did it is basically a couple of things. I had done webinars leading up to the launch and stuff like that. I've been replaying those webinars.
Yesterday morning, we send an email to the entire list basically saying, “There's 12 hours left. You got to hurry,” then we went through and started making segments of our list. We looked at the webinar. We had about 4300 people that registered for the webinar. We took that list and scrubbed out everybody who had already purchased.
That dropped it down to 3500 people, whatever it was.
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