Itās officially over.Ā Launch week came, and launch week left. I would like to go over my greatest lesson learned but let me begin with a basic overview so you can get an idea of the level of success I achieved.
I promoted myself on all my social network platforms (people that know and trust me):
-LinkedIn (260 connections)
-Instagram (210 followers)
-Emails to friends and family (~150)
Given that some of those friends are friends on multiple platforms, and given that not everyone on each of those platforms saw the actual content I put out, I will round down that I marked to 800 people that know me and probably saw the content. These promotions were not paid.
Two video ads were ran on Facebook for $5 each. The total audience reach was over 1000 per video, with an actual 200+ real views per video.
In total 5 students registered for the course. 3 were free, 2 were paid. That means a total revenue of $29 was generated. Also, I personally knew both of the people who purchased the product. No one signed up through the paid advertising.
That makes my conversion rate:
.625% for sign up from current network
.25% for PAID sign up from current network
So, what were my overall lessons?
1. My future marketing efforts need to be more directed. I have to understand my ideal customer and go where they are. Right now Iām throwing bananas at the wall and hoping they stick.
2. On a similar note, I cannot force people to want my product, even if I offer it to them for free in order to give me a rating. Instead of offering my product to people who probably donāt want or need it (i.e., more advanced speaker friends of mine), I need to focus on finding those beginner speakers, my target audience.
3. Paid advertising does not mean results. It does not mean ROI.Ā
4.Ā āLikesā donāt translate to income.
5. Despite the fact that I only made two sales, I still made two sales! That means there are people in the world that my product resonates with, people that are willing to spend money for what I have to offer. I should take that as a great compliment and confidence in the fact that I do have something of value for sale. I was a bit disappointed at first because I was expecting better results but any results are better than none. And for me to continue along this path, I need to remain positive and be my biggest personal cheerleader.Ā
A lot of people mentioned how great it was that I put the product out and mentioned they were proud of me. I received a lot ofĀ ālikesā and support from my friends and family. But, as I mentioned above, likes donāt translate to income. People speak with their wallets and you can trust actions louder than words. Iām not saying I donāt appreciate the support I received from my friends.What Iām saying is this:Ā
Although I received a lot of interest (i.e., likes), I only made 2 sales, and it was disappointing. My friends were cheering me on but I was having a hard time cheering myself on.
When you have something you are doing that you trust is what you are meant to be doing, you have to do it no matter what, and you have to find the strength within yourself to encourage yourself and persist, no matter what. Sometimes there wonāt be anybody to support you. At other times, people will support you but you wonāt personally see the rewards. No matter what, in good times or bad, you canāt give up and you must persist. Champions persist, no matter what!
So donāt give up. Keep pushing on. Cheer yourself. Congratulate yourself. Celebrate your smallest victories. Persist no matter what. Stay positive, think positive. You can do it. You have what it takes. Just carry on!