what i learned from a million dollar per month campaign
TRANSCRIPT
What You Can Learn From A Million Dollar Per Month Campaign
Profit Is Grown Not Made
The most expensive mistake people make is buying traffic to create profit
Establish cost per sale and average order size Optimize your sales funnel until you're breaking
even on the front end Optimize email follow up sequence
Add up-sells, cross-sells and high ticket back-end offers
Watch The Profit Signals Not Conversions
Key Metrics:
1. Audience Size2. Cost per Acquisition3. Average Order Value4. Daily Order Volume
Audience Size
A small custom audience may produce a high ROI but there is no room to scale
A large audience size and a high ROI will yield long-term earnings
Cost Per Acquisition
This number determines whether or not you are making a profit or gaining a loss Ideally, you want this number as low as possible More important to increase average order value
than to lower CPA The goal is not to spend the last, but to be able
to spend the most He who can buy more bullets wins the war!
Average Order Value
CPA < AOV = Proft Example:
Poor people stay poor because their natural response is to try and save money by spending less on other things
Rich people focus on making more
Daily Order Value
This number tells you the health of your campaign The higher it gets the healthier your campaign and
the more revenue you're earning If you have a big audience size and your CPA is
< your AOV, then you should be able to scale your daily order volume Just watch it closely, because sometimes scaling
changes the numbers.
What About Conversion Rate & CTR?
Use them as directional cues for optimizing your funnel Ultimately, always cater to the key signals
A great CTR or conversion rate means little if it limits your ability to scale
TL;DR Don’t buy traffic and pray it’ll be profitable, MAKE it
profitable Blame your funnel, not the traffic Concern yourself with customer value more than
conversion rate Don’t waste your time on small audience sizes, go big or
go home! Keep an eye on your cost per acquisition, but don’t obsess
on it Spend the bulk of your time working to increase your
average order value Make daily order volume your big scoreboard