Turn $10 Into $100 DROPSHIPPING! New SALES & GROWTH Strategy FOR 2021.. (Shopify & Clickfunnels)
Published on: November 27 2022 by Peter Pru - Ecommerce Empire Builders
Turn $10 Into $100 DROPSHIPPING! New SALES & GROWTH Strategy FOR 2021.. (Shopify & Clickfunnels)
Table of Contents
Turn $10 Into $100 DROPSHIPPING! New SALES & GROWTH Strategy FOR 2021.. (Shopify & Clickfunnels)
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00:00:00 | 00:00:03 | hey what's going on empire builders in |
00:00:01 | 00:00:05 | today's video i'll be showing you how |
00:00:03 | 00:00:06 | in your ecommerce drop shipping business |
00:00:05 | 00:00:08 | you can take 10 |
00:00:06 | 00:00:10 | sales and turn it into hundreds if not |
00:00:08 | 00:00:14 | thousands of dollars |
00:00:14 | 00:00:17 | repeatedly |
00:00:19 | 00:00:22 | now before we get going guys those of |
00:00:20 | 00:00:23 | you tuning in to the ecommerce empire |
00:00:22 | 00:00:24 | builders for the very first time my name |
00:00:23 | 00:00:26 | is peter prue |
00:00:24 | 00:00:27 | every single video we do a giveaway here |
00:00:26 | 00:00:29 | today's video winner is going to be |
00:00:27 | 00:00:30 | getting our ecommerce empire starter |
00:00:29 | 00:00:32 | pack course |
00:00:30 | 00:00:33 | completely 100 for free if you want to |
00:00:32 | 00:00:35 | enter that giveaway |
00:00:33 | 00:00:36 | all you got to do is drop a comment down |
00:00:35 | 00:00:38 | below in today's video |
00:00:36 | 00:00:40 | and most importantly make sure you have |
00:00:38 | 00:00:41 | the notification bell turned on you want |
00:00:40 | 00:00:43 | to tune into that next video to see if |
00:00:41 | 00:00:44 | you're that lucky winner so make sure |
00:00:43 | 00:00:45 | you watch this whole video |
00:00:44 | 00:00:46 | and be paying attention because we're |
00:00:45 | 00:00:47 | going to be announcing that giveaway |
00:00:46 | 00:00:49 | winner |
00:00:47 | 00:00:51 | all right guys so how do we actually |
00:00:49 | 00:00:53 | take you know a dollar |
00:00:51 | 00:00:55 | ten dollars and multiply it over and |
00:00:53 | 00:00:57 | over and over again predictably in our |
00:00:55 | 00:00:58 | businesses specifically for e-commerce |
00:00:57 | 00:00:59 | and drop shipping so |
00:00:58 | 00:01:01 | we're going to be on the whiteboard |
00:00:59 | 00:01:02 | today and i'll be showing you exactly |
00:01:01 | 00:01:04 | how this kind of |
00:01:02 | 00:01:05 | you know magically kind of works and how |
00:01:04 | 00:01:06 | you can actually implement these kind of |
00:01:05 | 00:01:08 | things into your business so |
00:01:06 | 00:01:10 | let's tok about first how most sellers |
00:01:08 | 00:01:13 | are selling things okay |
00:01:10 | 00:01:14 | so typically how a a funnel works or how |
00:01:13 | 00:01:17 | advertising |
00:01:14 | 00:01:19 | in e-commerce and drop shipping works is |
00:01:17 | 00:01:21 | we drive traffic right now this traffic |
00:01:19 | 00:01:23 | is typically coming from you know |
00:01:21 | 00:01:24 | facebook advertising it's coming from |
00:01:23 | 00:01:26 | influencers right |
00:01:24 | 00:01:28 | point is you're paying for it right |
00:01:26 | 00:01:30 | you're paying this traffic |
00:01:28 | 00:01:31 | right you're paying this traffic to come |
00:01:30 | 00:01:33 | to your |
00:01:31 | 00:01:35 | website in some way shape or form okay |
00:01:33 | 00:01:37 | now your website |
00:01:35 | 00:01:38 | right let's say on your website you are |
00:01:37 | 00:01:41 | selling something for |
00:01:38 | 00:01:42 | twenty dollars for the simplicity of |
00:01:41 | 00:01:43 | this example let's say you're selling |
00:01:42 | 00:01:45 | something here |
00:01:43 | 00:01:47 | for twenty dollars right you're selling |
00:01:45 | 00:01:49 | twenty dollar product now this traffic |
00:01:47 | 00:01:51 | isn't free right again you're paying for |
00:01:49 | 00:01:52 | these people to come to your actual |
00:01:51 | 00:01:54 | business here |
00:01:52 | 00:01:55 | right so how do we how much do we |
00:01:54 | 00:01:57 | actually have to pay these people so on |
00:01:55 | 00:01:59 | average if you're selling it like a 20 |
00:01:57 | 00:02:01 | product or something right your ad costs |
00:01:59 | 00:02:02 | here right you're typically going to be |
00:02:01 | 00:02:04 | spending |
00:02:02 | 00:02:05 | you know around 10 to get somebody to |
00:02:04 | 00:02:07 | even give you |
00:02:05 | 00:02:09 | give you 20. now on the outside looking |
00:02:07 | 00:02:10 | in this looks like |
00:02:09 | 00:02:12 | you know this looks good right you're |
00:02:10 | 00:02:14 | like oh i just made 10 bucks awesome but |
00:02:12 | 00:02:16 | it doesn't work like that right that's |
00:02:14 | 00:02:19 | how business necessarily works okay so |
00:02:16 | 00:02:20 | let's say now on the outside right what |
00:02:19 | 00:02:22 | do our actual |
00:02:20 | 00:02:23 | profit margins look like what is what |
00:02:22 | 00:02:24 | does the business actually look like |
00:02:23 | 00:02:27 | realistikally |
00:02:24 | 00:02:27 | okay so again we have you know revenue |
00:02:27 | 00:02:31 | right here |
00:02:27 | 00:02:33 | right we have revenue of roughly 20 |
00:02:31 | 00:02:34 | right we have our ads that we have to |
00:02:33 | 00:02:36 | factor in there |
00:02:34 | 00:02:37 | which cost us 10 right and then we also |
00:02:36 | 00:02:39 | have to factor in |
00:02:37 | 00:02:41 | our cost of goods right with with |
00:02:39 | 00:02:43 | e-commerce and drop shipping right |
00:02:41 | 00:02:44 | you're not just getting this product for |
00:02:43 | 00:02:45 | free |
00:02:44 | 00:02:47 | right so even if you're let's say i'll |
00:02:45 | 00:02:47 | give you the benefit of the dell let's |
00:02:47 | 00:02:49 | say |
00:02:47 | 00:02:50 | you're getting you know uh this product |
00:02:49 | 00:02:50 | that you're selling for 20 bucks let's |
00:02:50 | 00:02:52 | say your |
00:02:50 | 00:02:54 | your cost of goods is only five bucks |
00:02:52 | 00:02:55 | right that's that's with shipping and |
00:02:54 | 00:02:57 | everything right |
00:02:55 | 00:02:59 | so you know after you minus you know the |
00:02:57 | 00:03:00 | ads plus the cost of goods right what |
00:02:59 | 00:03:02 | are you left with right here |
00:03:00 | 00:03:03 | fit five bucks right you're left with |
00:03:02 | 00:03:05 | five books in net |
00:03:03 | 00:03:07 | right so like how do you actually build |
00:03:05 | 00:03:08 | a business like this right it's very |
00:03:07 | 00:03:10 | very difficult and this is one of the |
00:03:08 | 00:03:11 | one of the issues with a lot of people |
00:03:10 | 00:03:13 | getting into drop shipping and |
00:03:11 | 00:03:14 | and making money with e-commerce is that |
00:03:13 | 00:03:16 | most people will tell you well like hey |
00:03:14 | 00:03:18 | all you have to do is sell this product |
00:03:16 | 00:03:18 | you have ads 10 bucks you're making 10 |
00:03:18 | 00:03:20 | every time |
00:03:18 | 00:03:22 | but it's not like that right there's a |
00:03:20 | 00:03:24 | better way to do this um and a faster |
00:03:22 | 00:03:25 | way for even a beginner just making |
00:03:24 | 00:03:27 | money online with drop shipping to be |
00:03:25 | 00:03:28 | profitable right out of the gate |
00:03:27 | 00:03:30 | okay so let's clear the board here and |
00:03:28 | 00:03:32 | take a look at that |
00:03:30 | 00:03:34 | instead right instead of sending traffic |
00:03:32 | 00:03:35 | to just a page that just says once |
00:03:34 | 00:03:37 | a single product right we want to |
00:03:35 | 00:03:39 | control the sales process we want to |
00:03:37 | 00:03:41 | we want to increase how much money |
00:03:39 | 00:03:42 | somebody spends with us |
00:03:41 | 00:03:44 | right and that's the key especially when |
00:03:42 | 00:03:46 | you're at running ads on facebook and |
00:03:44 | 00:03:48 | instagram wherever you're running ads is |
00:03:46 | 00:03:50 | that first time sale that one's the |
00:03:48 | 00:03:52 | hardest guys right that first yes is the |
00:03:50 | 00:03:53 | hardest every subsequent one after that |
00:03:52 | 00:03:55 | is a lot easier and that's what i'm |
00:03:53 | 00:03:56 | going to show you exactly how to do |
00:03:55 | 00:03:57 | right now so we have the same exact |
00:03:56 | 00:04:00 | thing right |
00:03:57 | 00:04:02 | we have the traffic coming in to our |
00:04:00 | 00:04:03 | business right facebook instagram |
00:04:02 | 00:04:05 | however you're driving traffic |
00:04:03 | 00:04:06 | now again we're gonna we're everything's |
00:04:05 | 00:04:07 | staying the same we're not we're not |
00:04:06 | 00:04:10 | changing anything here right |
00:04:07 | 00:04:11 | so you're still selling this 20 product |
00:04:10 | 00:04:14 | right you're still selling your 20 |
00:04:11 | 00:04:16 | product the ads still cost you 10 bucks |
00:04:14 | 00:04:18 | to get a buyer in the door |
00:04:16 | 00:04:20 | right but instead of leaving it there |
00:04:18 | 00:04:21 | like in our previous example instead of |
00:04:20 | 00:04:23 | just leaving it like that |
00:04:21 | 00:04:25 | let's change it up right let's change it |
00:04:23 | 00:04:27 | up and let's just add one more thing |
00:04:25 | 00:04:30 | let's just add one more thing in here |
00:04:27 | 00:04:32 | right let's add an upsell all right now |
00:04:30 | 00:04:33 | an upsell is a one-click upsell this is |
00:04:32 | 00:04:34 | very important we're not gonna go into |
00:04:33 | 00:04:36 | tiknical of this we have a whole |
00:04:34 | 00:04:37 | uh we have a whole case study showing |
00:04:36 | 00:04:38 | how to build out this out we'll leave it |
00:04:37 | 00:04:40 | in the corners of this video |
00:04:38 | 00:04:41 | i show you how i took a brand new |
00:04:40 | 00:04:42 | business from zero to a thousand dollars |
00:04:41 | 00:04:43 | a day |
00:04:42 | 00:04:44 | in three days so that will be in the |
00:04:43 | 00:04:46 | corners of the zoo check it out after |
00:04:44 | 00:04:48 | this class you can learn more how to set |
00:04:46 | 00:04:51 | this up for yourself but |
00:04:48 | 00:04:53 | this upsell right is an opportunity for |
00:04:51 | 00:04:53 | your customer to buy more from you right |
00:04:53 | 00:04:55 | out of the gate |
00:04:53 | 00:04:56 | okay and this is important to have at |
00:04:55 | 00:04:57 | every single business that you start |
00:04:56 | 00:04:59 | whether you're selling ecommerce |
00:04:57 | 00:05:02 | products digital products whatever |
00:04:59 | 00:05:03 | right because the first sale again |
00:05:02 | 00:05:05 | usually is not going to |
00:05:03 | 00:05:06 | be like the most profitable if |
00:05:05 | 00:05:07 | profitable at all that's why even |
00:05:06 | 00:05:09 | breaking even |
00:05:07 | 00:05:10 | on that first sale is a really good |
00:05:09 | 00:05:12 | thing all right but most business owners |
00:05:10 | 00:05:13 | don't even understand that right |
00:05:12 | 00:05:15 | you're just focused on making all the |
00:05:13 | 00:05:16 | money right here which you're not going |
00:05:15 | 00:05:17 | to most people don't |
00:05:16 | 00:05:19 | okay so traffic's coming in you're |
00:05:17 | 00:05:20 | spending 10 bucks spending 20 |
00:05:19 | 00:05:23 | right but let's say we had like an |
00:05:20 | 00:05:25 | upsell here right for 40 bucks |
00:05:23 | 00:05:26 | right now let's see how much that |
00:05:25 | 00:05:27 | changes our numbers right let's let's |
00:05:26 | 00:05:31 | take a look at that |
00:05:27 | 00:05:34 | just adding in this 40 right so now |
00:05:31 | 00:05:37 | our revenue right revenue is 60 bucks |
00:05:34 | 00:05:40 | right we made 60 bucks our ad still |
00:05:37 | 00:05:43 | cost us only ten dollars to acquire |
00:05:40 | 00:05:46 | this customer right and then you know |
00:05:43 | 00:05:48 | you have the cost of goods right so even |
00:05:46 | 00:05:49 | with let's just say you know your cost |
00:05:48 | 00:05:51 | of goods for these two products let's |
00:05:49 | 00:05:52 | say it was 20 bucks |
00:05:51 | 00:05:53 | right typically you'll have a little bit |
00:05:52 | 00:05:54 | better of margin there but let's say |
00:05:53 | 00:05:56 | it's 20 bucks i want to show you guys |
00:05:54 | 00:05:58 | this as an example |
00:05:56 | 00:05:59 | right now minus the 30 the cost of goods |
00:05:58 | 00:06:01 | was just 20. |
00:05:59 | 00:06:03 | the advertisement which cost us 10 and |
00:06:01 | 00:06:04 | then from the revenue and what are we |
00:06:03 | 00:06:06 | left with right we're left with a net |
00:06:04 | 00:06:07 | of 30. now i know what some of you might |
00:06:06 | 00:06:08 | be thinking well not everyone's gonna |
00:06:07 | 00:06:09 | take up something not everyone's gonna |
00:06:08 | 00:06:11 | take the upsell pete |
00:06:09 | 00:06:12 | but still if you even if you're getting |
00:06:11 | 00:06:15 | 10 15 |
00:06:12 | 00:06:17 | people choosing this right you're still |
00:06:15 | 00:06:19 | making out way more positive |
00:06:17 | 00:06:21 | now here's the best part is that you can |
00:06:19 | 00:06:22 | change around how this funnel entirely |
00:06:21 | 00:06:24 | sells stuff |
00:06:22 | 00:06:25 | right to match what your business's |
00:06:24 | 00:06:25 | needs are you don't it's you don't just |
00:06:25 | 00:06:28 | have to do |
00:06:25 | 00:06:29 | one upsell and this is why the funnels |
00:06:28 | 00:06:31 | are so magical because |
00:06:29 | 00:06:33 | this number the initial revenue that you |
00:06:31 | 00:06:34 | make from the first time somebody gives |
00:06:33 | 00:06:35 | you their credit card |
00:06:34 | 00:06:37 | allows you to make as much money as |
00:06:35 | 00:06:37 | possible that's what i'm gonna show you |
00:06:37 | 00:06:39 | next |
00:06:37 | 00:06:40 | okay we kind of call this like our |
00:06:39 | 00:06:41 | ecommerce empire you know |
00:06:40 | 00:06:43 | subscription-based |
00:06:41 | 00:06:45 | sales funnel right that's kind of like |
00:06:43 | 00:06:47 | you know what i love to call it because |
00:06:45 | 00:06:49 | there's every piece of it is critikal to |
00:06:47 | 00:06:51 | have in your funnel |
00:06:49 | 00:06:52 | to maximize how much money you make from |
00:06:51 | 00:06:55 | that traffic |
00:06:52 | 00:06:57 | on that first sale again that first sale |
00:06:55 | 00:06:58 | is the hardest if you can break even |
00:06:57 | 00:06:59 | you're gonna you have a seven figure |
00:06:58 | 00:07:01 | business on your hands |
00:06:59 | 00:07:02 | because all the money is made on the |
00:07:01 | 00:07:04 | back end okay |
00:07:02 | 00:07:06 | so let me show you guys how this kind of |
00:07:04 | 00:07:08 | like subscription based |
00:07:06 | 00:07:10 | sales funnel looks like right so again |
00:07:08 | 00:07:13 | same exact thing right |
00:07:10 | 00:07:13 | same exact traffic coming in the door |
00:07:13 | 00:07:15 | right |
00:07:13 | 00:07:16 | same exact front end product right here |
00:07:15 | 00:07:17 | now i'm going to draw this one a little |
00:07:16 | 00:07:18 | bigger because i want to show you guys |
00:07:17 | 00:07:20 | something so |
00:07:18 | 00:07:21 | this is called an order form right this |
00:07:20 | 00:07:22 | is where somebody buys a product from |
00:07:21 | 00:07:24 | you |
00:07:22 | 00:07:26 | okay it's called an order form now on |
00:07:24 | 00:07:28 | this order form we're selling our 20 |
00:07:26 | 00:07:29 | product right here now i'm going to go |
00:07:28 | 00:07:31 | through and give you guys some of the |
00:07:29 | 00:07:33 | hacks that you can put into your entire |
00:07:31 | 00:07:35 | funnel if you're already working with it |
00:07:33 | 00:07:36 | um to kind of like maximize the whole |
00:07:35 | 00:07:37 | entire amount of money somebody spends |
00:07:36 | 00:07:38 | with you which is called the average |
00:07:37 | 00:07:40 | cart value |
00:07:38 | 00:07:43 | okay now this twenty dollars i always |
00:07:40 | 00:07:43 | recommend offer quantity break discounts |
00:07:43 | 00:07:46 | one |
00:07:43 | 00:07:49 | two four six |
00:07:46 | 00:07:50 | eight we'll even flash some screenshots |
00:07:49 | 00:07:51 | right now of showing these quantities |
00:07:50 | 00:07:52 | because some of you |
00:07:51 | 00:07:54 | might not believe that this and many |
00:07:52 | 00:07:56 | people would why would anybody buy four |
00:07:54 | 00:07:57 | why would anybody buy eight so i'm gonna |
00:07:56 | 00:07:59 | show you some of our recent clients |
00:07:57 | 00:08:00 | where most people are taking four most |
00:07:59 | 00:08:02 | people are taking it eight and you'll |
00:08:00 | 00:08:05 | see them on your screen right now |
00:08:02 | 00:08:06 | people want a better deal always people |
00:08:05 | 00:08:08 | will give you more money if you're |
00:08:06 | 00:08:09 | giving them a better and better deal so |
00:08:08 | 00:08:11 | always offer |
00:08:09 | 00:08:12 | quantity break discounts at the point of |
00:08:11 | 00:08:13 | purchase meaning if they buy one it's 20 |
00:08:12 | 00:08:15 | if it's |
00:08:13 | 00:08:16 | if it's two it's you know x y z four so |
00:08:15 | 00:08:18 | on and so on |
00:08:16 | 00:08:19 | giving them a better and better deal as |
00:08:18 | 00:08:21 | they buy more than one |
00:08:19 | 00:08:23 | critikal to have that next thing that |
00:08:21 | 00:08:25 | you can add on this page right here |
00:08:23 | 00:08:26 | is called an order bump i'm just going |
00:08:25 | 00:08:28 | to write o b |
00:08:26 | 00:08:30 | now this order bump is just a |
00:08:28 | 00:08:31 | pre-purchase upsell it's a no-brainer |
00:08:30 | 00:08:33 | toss-in item |
00:08:31 | 00:08:35 | i love to use the example as an order |
00:08:33 | 00:08:37 | bump as you know when your grocery store |
00:08:35 | 00:08:39 | checkout line easy |
00:08:37 | 00:08:41 | no-brainer toss an item bag of chips |
00:08:39 | 00:08:42 | altoids whatever right easy no-brainers |
00:08:41 | 00:08:44 | right that people just don't even give |
00:08:42 | 00:08:47 | it second thought they buy it this |
00:08:44 | 00:08:48 | you shouldn't have to explain in depth a |
00:08:47 | 00:08:50 | good order bump you should be able to |
00:08:48 | 00:08:51 | explain in one two sentences |
00:08:50 | 00:08:53 | and it should be converting at that if |
00:08:51 | 00:08:53 | you have to put pictures in here and all |
00:08:53 | 00:08:55 | these things |
00:08:53 | 00:08:56 | it's going to complicate the process |
00:08:55 | 00:08:57 | it's going to end up hurting your |
00:08:56 | 00:08:58 | conversions here anyway all right so the |
00:08:57 | 00:09:00 | order pump should be able to be |
00:08:58 | 00:09:01 | explained in one two sentences and it |
00:09:00 | 00:09:03 | should be an absolute |
00:09:01 | 00:09:04 | no-brainer for your customer to buy |
00:09:03 | 00:09:04 | right think about it if you're selling |
00:09:04 | 00:09:07 | like |
00:09:04 | 00:09:08 | toothbrushes or or toothbrushes right |
00:09:07 | 00:09:09 | the order one should be toothpaste they |
00:09:08 | 00:09:10 | don't need to see how it looks they |
00:09:09 | 00:09:12 | understand the benefits of it okay |
00:09:10 | 00:09:14 | so these are the keys to have on your |
00:09:12 | 00:09:16 | order form just these two things |
00:09:14 | 00:09:18 | right are gonna help you drastikally at |
00:09:16 | 00:09:19 | least try and break even on your funnel |
00:09:18 | 00:09:20 | or on your traffic |
00:09:19 | 00:09:22 | all right because again you're gonna be |
00:09:20 | 00:09:24 | having more people taking quantity |
00:09:22 | 00:09:26 | breaks and your order bump as well |
00:09:24 | 00:09:27 | now we can take them to the upsell |
00:09:26 | 00:09:29 | sequence now |
00:09:27 | 00:09:31 | this is an upsell sequence that we like |
00:09:29 | 00:09:32 | to use for all of our clients that we |
00:09:31 | 00:09:34 | build funnels for |
00:09:32 | 00:09:36 | um because it just works really really |
00:09:34 | 00:09:37 | well especially if you just need to get |
00:09:36 | 00:09:38 | something out there and get that initial |
00:09:37 | 00:09:40 | data and that's the key |
00:09:38 | 00:09:42 | right when you advertise on facebook and |
00:09:40 | 00:09:43 | i'm gonna let you a little secret |
00:09:42 | 00:09:44 | you're not paying for customers guys |
00:09:43 | 00:09:46 | right a lot of people think oh i'm |
00:09:44 | 00:09:47 | driving traffic on facebook i'm i'm |
00:09:46 | 00:09:48 | getting customers no you're paying for |
00:09:47 | 00:09:49 | data |
00:09:48 | 00:09:51 | right that's what you're at you're |
00:09:49 | 00:09:53 | trying to extract data from the facebook |
00:09:51 | 00:09:55 | algorithm so you can use for yourself |
00:09:53 | 00:09:57 | that's the game right getting the data |
00:09:55 | 00:09:59 | the person that has the most data wins |
00:09:57 | 00:10:00 | okay so after the order form they get |
00:09:59 | 00:10:02 | sent to upsells now |
00:10:00 | 00:10:04 | you can have as many upsells as you want |
00:10:02 | 00:10:05 | in your business i'm going to show you |
00:10:04 | 00:10:07 | what sequence that i recommend |
00:10:05 | 00:10:09 | you use for your first business uh |
00:10:07 | 00:10:10 | because it's the easiest and kind of |
00:10:09 | 00:10:12 | like the fastest to kind of get some |
00:10:10 | 00:10:14 | data and make adjustments from there so |
00:10:12 | 00:10:15 | the upsell right this is let's just say |
00:10:14 | 00:10:17 | this is upsell number one |
00:10:15 | 00:10:18 | i recommend either selling more of the |
00:10:17 | 00:10:20 | same thing they just bought here at a |
00:10:18 | 00:10:22 | discounted rate or |
00:10:20 | 00:10:24 | a complementary product so but typically |
00:10:22 | 00:10:26 | you want this priced roughly around |
00:10:24 | 00:10:27 | where this four unit one is |
00:10:26 | 00:10:29 | okay so if you're selling more of the |
00:10:27 | 00:10:31 | same thing sell them four more here at a |
00:10:29 | 00:10:33 | discounted rate you could do like 20 |
00:10:31 | 00:10:35 | off right if your margin allows for it |
00:10:33 | 00:10:37 | right now you can also have another |
00:10:35 | 00:10:39 | upsell here and i recommend you do so so |
00:10:37 | 00:10:40 | this will be our upsell number two |
00:10:39 | 00:10:42 | all right guys we're going to get back |
00:10:40 | 00:10:43 | into it in a second but we want to |
00:10:42 | 00:10:45 | quickly flash our last video giveaway |
00:10:43 | 00:10:47 | winner right there if that is you email |
00:10:45 | 00:10:49 | peter ecommerceempirebuilders.com and |
00:10:47 | 00:10:51 | don't forget for your chance to win our |
00:10:49 | 00:10:53 | ecommerce empire starter pack course |
00:10:51 | 00:10:54 | completely for free all you got to do to |
00:10:53 | 00:10:55 | enter is drop a comment down below in |
00:10:54 | 00:10:57 | today's video if you're enjoying the |
00:10:55 | 00:10:57 | video make sure to smash that like |
00:10:57 | 00:10:58 | button |
00:10:57 | 00:11:00 | and most importantly though hit that |
00:10:58 | 00:11:01 | notification bell you want to tune into |
00:11:00 | 00:11:03 | that next video to see if you're that |
00:11:01 | 00:11:04 | lucky winner but without further ado |
00:11:03 | 00:11:06 | let's get back into |
00:11:04 | 00:11:08 | today's video now this can be you know a |
00:11:06 | 00:11:09 | complimentary bought product |
00:11:08 | 00:11:11 | the easiest way to go find a |
00:11:09 | 00:11:11 | complimentary product is head over to |
00:11:11 | 00:11:13 | amazon |
00:11:11 | 00:11:15 | go look at a product you're selling and |
00:11:13 | 00:11:15 | then just look at the frequently bought |
00:11:15 | 00:11:17 | together |
00:11:15 | 00:11:18 | and just pick that one just pick the one |
00:11:17 | 00:11:19 | that's frequently bought together and |
00:11:18 | 00:11:21 | sell it here |
00:11:19 | 00:11:23 | so you know i'm just going to write f |
00:11:21 | 00:11:25 | frequently bought fbt |
00:11:23 | 00:11:26 | right fbt frequently bought together |
00:11:25 | 00:11:27 | pick that product find it from your |
00:11:26 | 00:11:28 | supplier |
00:11:27 | 00:11:30 | and sell it right here and also give |
00:11:28 | 00:11:31 | them a good deal on it right give them a |
00:11:30 | 00:11:33 | good deal make your margin |
00:11:31 | 00:11:35 | of course but these are the best because |
00:11:33 | 00:11:35 | they all they have to do is click yes or |
00:11:35 | 00:11:37 | no |
00:11:35 | 00:11:39 | right yes or no right there's no cart |
00:11:37 | 00:11:41 | pages in the funnel cart pages |
00:11:39 | 00:11:43 | are the reason so many shopify sellers |
00:11:41 | 00:11:44 | see a lot of add to carts but no buyers |
00:11:43 | 00:11:46 | right it's because you make it too |
00:11:44 | 00:11:47 | confusing i go from traffic to and buy |
00:11:46 | 00:11:49 | in two clicks right |
00:11:47 | 00:11:50 | shopify sellers make you do like six |
00:11:49 | 00:11:52 | clicks before they even buy they make |
00:11:50 | 00:11:53 | you click add to cart they make you then |
00:11:52 | 00:11:54 | go to the checkout page they make you go |
00:11:53 | 00:11:56 | to this uh |
00:11:54 | 00:11:57 | so many pages right it's unnecessary so |
00:11:56 | 00:12:00 | there are no cart pages here |
00:11:57 | 00:12:01 | so again your upsells right here i do |
00:12:00 | 00:12:03 | want to stress |
00:12:01 | 00:12:04 | these can be frequently bought together |
00:12:03 | 00:12:06 | items or they can be |
00:12:04 | 00:12:07 | more of the same thing that they bought |
00:12:06 | 00:12:09 | those are the first two okay |
00:12:07 | 00:12:10 | that that's the easiest one frequently |
00:12:09 | 00:12:13 | bought together and |
00:12:10 | 00:12:14 | also uh more of the same thing that they |
00:12:13 | 00:12:14 | just bought those are easiest you can't |
00:12:14 | 00:12:17 | go wrong |
00:12:14 | 00:12:19 | okay now the third upsell is really the |
00:12:17 | 00:12:21 | key now this one is going to be |
00:12:19 | 00:12:22 | an upsell but it's called a continuity |
00:12:21 | 00:12:24 | upsell |
00:12:22 | 00:12:25 | this is key i wouldn't start a business |
00:12:24 | 00:12:27 | if i couldn't |
00:12:25 | 00:12:30 | offer some sort of monthly recurring |
00:12:27 | 00:12:31 | revenue opportunity for my customers so |
00:12:30 | 00:12:33 | what does that mean that means |
00:12:31 | 00:12:35 | i want to make a subscription plan |
00:12:33 | 00:12:36 | whether it's a subscription box like |
00:12:35 | 00:12:37 | where they get |
00:12:36 | 00:12:39 | products in the mail every month or |
00:12:37 | 00:12:42 | digital membership access |
00:12:39 | 00:12:43 | right whatever it is i need this in your |
00:12:42 | 00:12:44 | business you need this in your business |
00:12:43 | 00:12:46 | because this is free money |
00:12:44 | 00:12:47 | right this is free money that you're |
00:12:46 | 00:12:48 | leaving on table by now offering your |
00:12:47 | 00:12:51 | customers some sort of option |
00:12:48 | 00:12:52 | to get reoccurring revenue into your |
00:12:51 | 00:12:54 | business |
00:12:52 | 00:12:55 | now you there's a lot of content i could |
00:12:54 | 00:12:57 | tok about this for forever |
00:12:55 | 00:12:58 | uh we will leave in the corners of this |
00:12:57 | 00:13:00 | video another video you can check out |
00:12:58 | 00:13:02 | about subscriptions more in depth so |
00:13:00 | 00:13:04 | check that out after today's video |
00:13:02 | 00:13:05 | but this is again also one click right |
00:13:04 | 00:13:07 | it could be yes |
00:13:05 | 00:13:09 | or no and they automatikally get billed |
00:13:07 | 00:13:10 | think bark box dollar shave club beach |
00:13:09 | 00:13:12 | body right |
00:13:10 | 00:13:14 | these are businesses that grow massively |
00:13:12 | 00:13:15 | and have predictable revenue in your |
00:13:14 | 00:13:16 | business now i'm usually shooting for a |
00:13:15 | 00:13:17 | 50 |
00:13:16 | 00:13:18 | margin here because this is where you |
00:13:17 | 00:13:19 | typically want to pay yourself from your |
00:13:18 | 00:13:21 | business |
00:13:19 | 00:13:23 | all this money should be just reinvested |
00:13:21 | 00:13:24 | back into your ads and this is where you |
00:13:23 | 00:13:27 | should be really just paying yourself |
00:13:24 | 00:13:29 | from and always always always offer some |
00:13:27 | 00:13:30 | sort of monthly subscription to your |
00:13:29 | 00:13:31 | business now when you put this all |
00:13:30 | 00:13:32 | together |
00:13:31 | 00:13:34 | you can start seeing even like in our |
00:13:32 | 00:13:36 | last example how you can take |
00:13:34 | 00:13:38 | you know ten dollars in revenue that you |
00:13:36 | 00:13:40 | only make and turn that into |
00:13:38 | 00:13:41 | hundreds if not thousands of dollars |
00:13:40 | 00:13:44 | when you have even a subscription box |
00:13:41 | 00:13:46 | aspect in your business all right guys i |
00:13:44 | 00:13:47 | hope you enjoyed today's video if you |
00:13:46 | 00:13:48 | did make sure to smash |
00:13:47 | 00:13:50 | that like button if you're not |
00:13:48 | 00:13:51 | subscribed already make sure hit the |
00:13:50 | 00:13:51 | subscribe button those of you that want |
00:13:51 | 00:13:54 | to now |
00:13:51 | 00:13:55 | see exactly how to put this into play |
00:13:54 | 00:13:56 | visually |
00:13:55 | 00:13:58 | i invite you to our seven figure |
00:13:56 | 00:14:00 | ecommerce master class that will be the |
00:13:58 | 00:14:01 | very first link down below in the |
00:14:00 | 00:14:03 | description of today's video |
00:14:01 | 00:14:05 | it's a class where i show you how to |
00:14:03 | 00:14:06 | find these winning products build out |
00:14:05 | 00:14:08 | the entire funnel |
00:14:06 | 00:14:09 | launch the actual funnel itself and give |
00:14:08 | 00:14:11 | you an actually fully built website |
00:14:09 | 00:14:13 | funnel just like i was showing here |
00:14:11 | 00:14:15 | for you okay that will be down below in |
00:14:13 | 00:14:16 | the description of this video that very |
00:14:15 | 00:14:18 | first link so make sure to check it out |
00:14:16 | 00:14:19 | also down below there's going to be a |
00:14:18 | 00:14:22 | ton of resources to help you build |
00:14:19 | 00:14:23 | your ecommerce empire like case studies |
00:14:22 | 00:14:24 | student success stories and a ton of |
00:14:23 | 00:14:26 | other bonuses |
00:14:24 | 00:14:28 | to help you build your ecommerce |
00:14:26 | 00:14:28 | business guys as always have a fantastik |
00:14:28 | 00:14:37 | rest of your day |
00:14:28 | 00:14:37 | and remember your empire starts now |
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