How simple is your business?
If you listen to this podcast often, you know that I talk about simplicity all the time. Simplicity in your business can mean having one flagship offer, one audience that you serve, one primary marketing channel to attract people into your audience, and one primary sales campaign.
Now, can you have multiple offers? Of course you can, but if you only have one offer for your one audience, you could easily take your business to a million dollars if that’s what you wanted to do.
The problem that many business owners face is what we like to call shiny-object syndrome. Before they get any traction on one thing, they start chasing another or trying something else. By doing this, they miss out on expanding their first offer and increasing their revenue with it.
All roads lead to your primary offer in your business. The key to increasing your sales and scaling your business is to diversify your marketing efforts. By having multiple pathways that lead to your primary offer, you will be able to reach all of your business goals.
In this episode, you’ll learn:
- Why simplicity pays off
- The importance of diversifying your marketing systems
- Different pathways to lead to your primary offer
- Why you need to track the effectiveness of your pathways
- How to optimize your offers as you go
Links & Resources:
- The Art of Online Business website
- DM me on Instagram
- Visit my YouTube channel
- The Art of Online Business clips on YouTube
- Full episodes of The Art of Online Business Podcast on YouTube
- The Art of Online Business Podcast website
- Check out my Accelerator coaching program
*Disclosure: I only recommend products I use and love and all opinions expressed here are my own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission.
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Hey, my friend, welcome to the Art of Online Business Podcast. My name is Rick Mullaney and I'm an online business coach. I'm an ads expert, and most importantly, I'm a dad. And this show.
Is where we help established.
Course creators and coaches create more profit.
More impact with less hustle. All right, let's get into it. What's up, my friends? Welcome to another Friday quick tip episode here on the show. Rick Moretti here. Thank you for coming to hang out with me today. And I want to dove right into today's episode. So the.
Paris is my favorite city in the world. Love it. Been there.
Times and it's where I proposed to my wife Amy. And one of my favorite touristy things to do is to go to the Arc de Triomphe. The and I'm sure I'm not saying that correctly, but.
It's that whole arch.
That is at the top of.
The Champs-Élysées. And if.
At it, an.
Aerial view of.
The Arc de Triomphe.
What you'll see is it looks like the the arc is.
The center of a wheel almost. And there's it looks like a whole bunch of spokes coming out from it. Essentially.
It's all these.
Streets that come into the arc. And then there's a a roundabout basically around the Arc de Triomphe.
But all of these.
Roads, I think there's like 11 roads or something like that that lead into the Arc de Triomphe, right?
So there's a.
Whole bunch of different ways to get in there.
And if you're if you're.
Arc de Triomphe, you could take any any any of those streets, right?
Some might be clogged with traffic.
Others might have construction or what have you. So you might take different ways to get to it.
But all roads.
In this example here are leading into the Arc de Triomphe. And I want to I want you to think about that example.
In your business. So if you've been listening to the podcast for any period of time, you know, I talk all about simplicity all the time. I talk about having one flagship offer. Talk about having one audience that you serve. Having a primary marketing channel. In which you that's how you attract people into your audience. One primary sales campaign, you know, whether.
It's evergreen or live or.
Whatever it might be. Right. And then one primary offer. Now, can you have multiple?
Of course you.
Can. But if I mean, you could literally take that model right there. One audience, one offer, one way to attract people to your business, and then one way to serve them, convert quote unquote them into a paying customer. You could have one way to do each of those things and you could go to $1,000,000 business if that's what you wanted to do. And the mistake there. Again, it's not the topic I'm talking about here on this particular episode, but the mistake that so many people make is before they get any kind of traction in one direction on any one of those things, they start adding in or start trying something else, like chasing a shiny object. Like it's like.
And then they go over there when they think that, you know, Well, I've done this thing over here, I've tried it and tested it and it didn't really work. So I'm going to go try something else when in fact.
Usually going on there is the there's so much more that could have been done on whatever you were working on, meaning like, you know, a webinar funnel or an evergreen funnel or doing a.
Podcast or what have you. Right. And so.
What I want to dove into here today, going back to the Arc de Triomphe example.
Is all roads.
In your business. And on today's episode, I want to use the example of a membership.
So all roads.
Lead to your membership. And if you have if you have an online course or a coaching program, and that's your primary offer.
Cool. All roads lead to that.
I'm going to refer to a membership and.
What the last.
Year and a half, especially with all the changes with Facebook ads and post iOS 14.5 and tracking and all that.
Stuff, if we.
Have learned anything from that, is the need.
To diversify how.
We are bringing people into our business, how we are attracting people. So our marketing system, our marketing system is.
How we attract people to our.
Business and having multiple ways in which we do that. We used to be able to get away with just having one. And you can.
Do that, but do it until you gain traction with it and then start multiplying those efforts in different channels. So here's what I mean by this. If you've got a membership program, you're going to want different pathways into that membership. All right. So again, thinking about it, going back to the example I started off with with Arc de Triomphe, like there's there's multiple streets to get. They all lead into the this monument. And so if you've got a membership, you might have a lead magnet.
Where you are.
Driving traffic to that lead magnet to bring people into your business. So that might be one pathway into your business. And then that pathway, by the way, that lead magnet needs to lead into. In this example here into the membership, right. If this is our primary offer and this is what we want to be selling, well, that lead magnet needs to make sense, if you will. And I'm not going to get into lead magnets here on this episode, but the lead magnet needs to.
Be a logical first step towards.
Or in the journey for a potential customer, right? Somebody coming into your business and then you lead them into your membership. In this case here, starting with a lead magnet, another pathway that you might have is maybe.
You have a free trial offer for.
Your membership. Maybe it's seven days or 14 days or whatever it might be, and maybe you send.
People directly to the free trial.
And then of those people who.
Take your free.
Trial, then you're tracking to see how many people how many of those free.
Convert into actual paying membership customers. Right. Another pathway into your membership might be an evergreen webinar. Maybe you're sending people to an evergreen webinar and on that evergreen webinar you're selling into your membership. Another pathway might be maybe you have some small online courses, maybe you have a maybe you sell something for like I don't $147.
And let's just say you're doing.
For 72 hours where you're.
Course. But people can also.
But you're also.
Offering the membership during that live promo.
So right there, we're talking about four different pathways that all.
Should lead into in this case here, the membership. We've got a lead magnet that is attracting people into our business.
We have a free trial.
Offer for the membership that is attracting people into our business. We have an evergreen webinar that is attracting people into our business, and then we have a live promo, for example, for an online course or something like that. You have and but you're also offering the membership. And the key.
Here is all of these.
Entry points. Essentially, all of these pathways lead to the membership.
And that's what throws a lot of people off. So if you're.
Get more people to your.
Offer, I want you to look.
At, well, how many different ways am I giving somebody an opportunity to get to that, to get to your main offer?
And you do have to this is where it gets.
A lot more advanced. But this is the key to really scaling your business really quickly. And, you know, I.
Numbers, right? You have to know how effective each of these.
Pathways into your membership.
Are working for you. You have to track OC. How is the.
Lead magnet converting eventually into a paying customer into my membership? Right. So what is that? What does that funnel, if you will, or what does that campaign look like? All right. So I'm going to drive people from my social media into this lead magnet. Okay, cool. They download the lead magnet and then maybe I offer them right.
Bat an opportunity to get into an email series. And in over the first few email series, I'm just making this up off the top of my head. By the way, the first few emails, I'm offering them a special opportunity to to join the membership. So let's just let's just hypothetically, that's not very good, but hypothetically, that is one full pathway into the membership.
The other pathway.
The free trial.
Offer. Another pathway is Evergreen Webinar. Another pathway might be I'm going to be doing a live promo for 72.
Where I'm going to be offering this online course that I have. But I can be. I really want to be getting people into my membership. You might have another.
Pathway where you do like a live.
Summit or something like that. And off the back end of the summit you're offering your membership. My point here is you need multiple.
That are all leading to your primary offer. But in addition to that, you have to be tracking the effectiveness of each one of those, right?
So if you have your free trial offer.
And let's just say you're sending people to you from, I don't know, people on your email list and you're just emailing them your free trial.
Opportunity. And you look at the numbers. How many people took you up on the free.
Offer? How many of those people from the free.
Trial offer signed up for the actual.
Membership? And then of those people, how long do they stay in the membership? What's their lifetime customer value? What's their LCV? Right. And you want to be tracking each one of these pathways. So Evergreen Webinar, let's just say you're sending people to your Evergreen Webinar from YouTube ads. Okay, great. Well, you want to start tracking every.
That funnel, if.
You will. What are your ad stats?
What's the conversion rate into or registering for the webinar? How many people are showing up for the webinar? What's my what are my open rates? How many people are purchasing? What's my lead to sale conversion rate?
You've got to be.
All of these.
Stats so that you can.
Look at all of this.
Data and figure.
Out which of these pathways.
Is most effective. Because you might find, you know, what, this this evergreen webinar funnel is not converting into members of my membership as well as this lead magnet is.
As well as the free trial offer.
And the live course promo where I offer the membership as well. And so all right, I'm not going to focus my efforts on the every webinar anymore. I'm going to focus my efforts more on the other three and continue to try to improve that and improve those. Right. And then I might look at another I might come up with another idea. So do you see my point here?
To have multiple.
Into your main.
Offer. All roads lead.
To your main offer. And again, you might be at a point in your business where you have multiple offers.
But it's about again, again outside the scope of this episode here. But then it becomes about segmentation and bringing the right opportunity.
To the right.
Person at the right time. So there's a couple of things I want you to take away from this quick tip here. Number one, multiple pathways into your main offer. Everything you're doing in your business leads to your main offer. Okay. Think of and if you if.
You are having a hard time visualizing.
The whole Arc de Triomphe and the all.
Leading into it, just.
Google, just say like aerial, aerial picture of Arc de.
Triomphe. And you'll see it. You'll see like these 11 streets, the Triumph looks like the the middle of a of a wheel.
And all the streets are are.
Different spokes coming out, if you.
Will. But they're all.
Leading into the same place. That's what they want you to be thinking about, where.
Offer is in the middle of your business and you've got.
Coming into the.
Offer, but you have to be.
Tracking each one of these pathways in order to see how effective each one is, so that then you can start optimizing as you go. You might find that you have.
Like four or five.
Six different pathways into your.
Offer, but really, truly, only three.
Of them are the most effective. Okay, cool. Let's really optimize the heck out of those three. And then once you do that, then start looking for potentially adding and testing something new. So multiple pathways into your primary offer and then make sure that you're tracking.
All of the stats.
For each one of those pathways so that you know which one or which ones are most effective in. Taking somebody who doesn't necessarily, you know, who's brand new to your business and your.
Offer all the way through your.
Customer journey. So they're not customers. You're attracting people into your business to be.
Able to serve and help.
Them and then taking them through the customer journey through to becoming a paying customer. Right. Well, there's different ways to do that. Like we're talking about here. Which one is most effective? All right. Any questions on that? Shoot me a DM over on Instagram. I'm at Rick, Morty. And as always.
I'd love to hear your.
Feedback on the show if you've not already left a rating and review for the show over on Apple Podcasts and hit that.
Button. Yes. Even after all.
These years, it's still very helpful for the podcast. It's a great way to support it.
Thank you, my friend, for listening. I hope today was helpful for you. And until next time, be well and I'll talk to you soon.