Thread by @MikeDoesAds

How to make more money in your #business using sales funnels:

1. Build out a funnel that has 2 up sells and 2 down sells
2. Bring the customer through the journey shown in the picture
3. Profit!

I will explain in this thread:

NOTE: These are just examples 😎
Step 1. Say you sell a #sports water bottle for $19, why not also offer a gym bag or a diet/workout plan course for $27? (up sell #1) If the person says no, offer them a head sweat band for $9.95 (down sell #1)

Continue this process with a second up sell and a down sell to go with that and you can increase you customer #value by quite a lot. But let's do some math:

If you have 100 buying customers that are sent through this funnel, let's say with just the standard up sell #1 and down sell #1, ignoring the #2 up/down sells, then we can calculate:

100x$19=1900
20% take up sell #1: 20*27= $540
5% take down sell #1: 5*9.95=49.75
=$2489

So with this math, you can see that with a normal OTO at $19 you would only be making $1900. If you implement a up/down sell #funnel like pictured, even just to the #1 step, you increase sales by $589.75 with the same traffic, making you customer value a lot higher!

I hope this sort of makes sense, if you implement this into your store or info products I guarantee that it will increase your #revenue. Of course it takes practice to craft effective sales funnels but it's a step in the right direction, right? RT this if you got some value 🤑📚

@threadreaderapp unroll. <3