17. Attraction Offer. Free Presentations. | $100M Lost Chapters Audiobook
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What is the attraction offer and why is it important?
Attraction offer. Free presentations.
How can free presentations help acquire customers?
Lost chapter author note. I ended up cutting this because it got too close to pitching and selling. A book maybe for another time. But this is one of the most widely used ways to get customers. It's not incredibly compelling, but it is simple and effective. In June of 2015, I was at a huge marketing conference. I scanned the speaker list and a presentation caught my eye. How my weird niche funnel is making me $17,137 per day and how you can ethically copy it in under 10 minutes or less.
What are the benefits of using presentations for selling?
It didn't have anything to do with gyms, but it looked more interesting than the other options. Besides, if I could find something useful in all this marketing stuff, I'd consider it a win. I'd have been thrilled to take home $17,137 a month, let alone per day. So I went to check it out. The room was packed to the brim. I barely had room to stand. He started the presentation by dropping a bomb. I'm giving away my Ferrari to someone here today. All you have to do is opt in at this website to find out more.
How does attention impact customer conversions during presentations?
What? He made it sound like it was no big deal. It was his Ferrari. This guy must be legit. He then told us about his special money-making websites. He made them in a specific way and put them in a special order to make people buy more of his stuff. Then he showed us a bit about how to make them for ourselves. What he did clearly worked, and it made a lot of sense. Too much sense. If I did what he did, I could have what he had. I was sold before he even presented an offer. If he had started with, hey everyone, come buy my website designer for $2,000, no one would have bought. But 60 minutes in, I bet a third of the room would have taken out their credit cards. I sure would have. That's the power of using presentations to get people to buy your stuff.
They work. Description. Buyers need to know enough about your stuff to buy. The more expensive or complex the thing, the more information they need. Presentations that educate the audience with the intention of converting them into customers excel at bridging this information gap. They work especially well for complex and expensive stuff for three reasons. Number one, you have a captive audience. Presentations require people's attention. So if a person shows up to a presentation, you have a good chance they'll pay more attention than they would in an otherwise noisy advertising environment. Number two, you keep them for a long enough time to explain the thing and provide value.
What strategies can be used to structure a successful presentation?
Just like presentations require people's attention and they know it, they also understand that presentations have a time investment. So if a person shows up to a presentation, you have a good chance they'll not only pay more attention, but they'll do it for longer. This makes presentations perfect for making sure leads have all the information they need. You actually have their attention long enough to go through it all. Number three, make your offer when they're most motivated to take it. A good presentation clarifies the problem they came to solve, what life would be like after a thing solves that problem, how fast and easy it is, showcases loads of people like them who succeeded with it, and resolves their most common concerns about buying.
By the end, people should see a fast, easy, low-risk way to solve their problem. And at the moment, they will be the most motivated to buy. So that's when we make our offer. Presentations can last anything from 15 seconds to 15 days. The exact length of the presentation matters less, only that the more expensive and more complicated the thing, the longer they tend to take. For example, when looking at gym launch, 78% of customers consumed at least two pieces of long-form content before making a purchase. This was a groundbreaking finding. We then reverse-engineered our sales process to force people to consume at least two pieces of long-form content. This turned total strangers into people who wanted to buy our stuff.
This consumption process reverse engineers the trust process to create qualified prospects who are ready to buy.
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Chapters
5 chapters
1
What is the attraction offer and why is it important?
0:00–0:04
2
How can free presentations help acquire customers?
0:04–0:30
3
What are the benefits of using presentations for selling?
0:30–0:54
4
How does attention impact customer conversions during presentations?
0:54–2:03
5
What strategies can be used to structure a successful presentation?
2:03–11:05
Speakers
1 identifiedMore from The Game with Alex Hormozi
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