I buy companies, and I start by identifying what offer is going to be ideal to increase cash flow and have the company pay for itself.
4 Types of Offers Every Company Should Have (at a minimum)
Four different offers at four different price points.
1) Free Community with Highly Desirable Free Content (Education)
2) Core Offer (Do It Yourself or DIY)
3) Upsell (Done With You or DWY)
4) Upsell (Done For You or DFY)
Example: Paintbrushes
1) Join our community of painters
2) Buy our brushes
3) Join a paid group painting class
4) Let us Paint for you.
We Identify Each of the Offers With the Same Survey
We Identify Each Of The Offers With The Same Survey. do this with a simple 4 part survey that we build in Google Forms.
The survey can either:
Be sent to everyone on your mailing list once a quarter,
Or
Be sent to everyone who uses your product or service.
Format We’ve Found That Yields the Best Results Via a Survey
- Motivation
- Reason
- Time Commitment
- First and Last Name
- Phone Number
- Demographic Question
- Benefits Question
- Frustration Question
- Conversation Invitation
Motivation
A reason to fill in the survey. We’ve found the best thing to offer is a free draw for a giveaway for a new product or program you’re about to release.
Example: “Fill in this form to take part in our $7,000 giveaway! We’re giving away 7 copies of our latest $1,000 training that helps you (GET_SPECIFIC_RESULT) that we called [NAME_OF_PRODUCT].”
Reason
This is where you explain the significance of the survey and how ultimately the results help them.
Example: “We want to help YOU! This survey is going to let us know what sticking points or areas of frustration you have with regards to [NICHE]. “
Time Commitment
Here you want to let them know that the survey won’t take long to complete.
Example: “The survey only has 7 short questions and should be finished within 2 minutes max.”
This is where we ask them for their email address to continue communicating with them in the future.
Example: “We’d like to offer you future giveaways, offers and tips in addition to having the most up to date contact information to notify you if you have won. Please share with us the best way to email you for these things”
First & Last Name
This is just to keep track of individual responses
Example: “What is your first and last name so we know who we are contacting if you win?”
Phone Number
Here you’re going to get a secondary form of contact information that also has a higher response rate.
Example: “In case we can’t reach you via email what’s the best phone number to reach you at via SMS?”
Demographic Question
This question lets you know something about your audience. Either geographical, income,…