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Steven Pope

๐Ÿ‘ค Speaker
5136 total appearances
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Podcast Appearances

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

It makes it so much easier to get that first order and make it so you can retarget those people as much as possible to get them a second order and turn them into a customer.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

That boosts your customer lifetime value.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

Hopefully it also boosts your average order value and in turn lowers your overall customer acquisition costs.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

And that actually builds into my third point, retention.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

You need to have a retention funnel.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

And what I mean by retention funnel is not just the idea of sending a welcome sequence and then sending a discovery sequence and then sending some incremental things.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

Oh, we're running a sale.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

No, none of that.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

I am talking about a well built out campaign funnel for retention.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

You need to be able to be nurturing people.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

You need to be trying to get that second sale within the first five days after they purchase one time from you.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

If you can get that secondary sale within the first five days, then you solidify that person as somebody you can remarket to in the future.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

You should also be creating and segmenting people based on what they purchase.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

You should not send out just a mass blast to every single person for just whatever sale event you are going on.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

at this time.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

If somebody purchases one product from you and you have another product that is complimentary to it, you should put that person into their own segmentation.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

You should market directly towards them for retaining them.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

Push every single segment into 30 days, 60 days, 90 days, and then lifetime retargeting segmentation.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

This is going to allow you to essentially hit each person based on where they actually are in your sales funnel.

My Amazon Guy
How to Break the $1 Million Revenue Barrier with the Right Strategy

Now, you should not just be using retention from an email standard either.