Pre-Launch Webinar Minutes – 17 Jun 10
Agenda Items:
1. Niche Selection
2. Domain Name
3. Client Contact
4. Lead Purchase Options
5. What’s Next, Thanks
1. Niche Selection - The suggested sequence of events for establishing a client base is to first target specific clients, then determine the profitability of that niche by generating the trial leads, factoring the cost of acquisition per lead, and then figuring out how much each lead can reasonably be sold for.
Obviously, if the client isn’t willing to pay enough for each lead to both offset your costs AND add some profit to your business, it may not be a viable niche.
However, since you’ve done the initial work of setting up the campaign, you may not want to give up on this niche until you’ve tried various paid and non-paid traffic generation techniques.
In other words, by combining both PPC and SEO, for example, you may be able to reduce your per-lead aquisition costs to a point where you can sell them to clients and still be profitable.
2. Domain Name - When selecting a domain name for lead page sites, client sites or pretty much any other purpose, you can get a huge SEO benefit if you do some keyword research first.
Then buy a domain name with high-quality, high search and/or geo-targeted keywords in it.
3. Client Contact - Registered letters or priority mail are probably the best ways to initially contact potential clients.
While it’s more expensive to mail physical information to prospective clients than emailing them, the response rate will be higher, since unsolicited emails have a fairly low open rate.
Also, keep in mind that you won’t be mailing thousands or even hundreds of letters at a time. If you carefully select the prospects you are interested in working with, your mailings will usually be small and therefore, quite inexpensive.
Remember, as long as you already have your list of prospective clients entered into ALG, you can use the mail-merge function in Word to generate the letters. This technique was covered in previous meetings.
4. Lead Purchase Options - Phil showed two charts that might be helpful with our businesses.
The first was a pricing strategy that included prices per lead coupled with a continuity plan. Membership levels like bronze, silver, gold, etc. were shown.
The second chart was a possible sales tool we can use. It showed the various costs to generate leads for any type of business using the most popular media resources. In this chart, the emphasis is on using the internet as the best option.
5. What’s Next, Thanks -
a. What’s Next - Next week we hope to have Frank as a guest speaker with us. Unfortunately, he was unable to attend today, as planned. He’s an expert in PPC and SEO and has some great insights into our business model and how to use ALG and other tools like Aweber to our great benefit.
Finally, Phil showed us a Lead Gen site (client site) of Nu Media Leads. He showed several pages and said that there are some things they are doing on their site we might want to emulate on ours.
They’ve been in business since 1998, and even show 45 of their current campaign sites. If you look over these sites, you can see a lot of similarities between them. Again, very good models for how we might design our lead capture sites!
b. Thanks - Thanks as always to everyone for attending. Onward and upward! See ya next week…