How to build funnels that 10x your conversion rate

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October 28, 2024
by
Greg Isenberg
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How to build funnels that 10x your conversion rate

TL;DR

A funnel is a step by step process that turns strangers into paying customers, unlike a brochure style website. The core formula uses Facebook or YouTube ads driving to a focused landing page, then free valuable content, and finally a call booking. Ugly funnels can outperform polished sites when launched quickly and iterated.

Transcript

could this be the most impactful startup ideas podcast episode Jonathan Courtney walked through his $20 million funnel and exactly how you could do the same I know that sounds kind of cheesy and tacky but we talked about ways to 10x your conversion rate and he just tells the secrets this is incredible one of my favorite episodes uh you're going to ... Read More

Key Insights

  • Funnel and website are different; websites act as brochures while funnels are designed to generate revenue.
  • The funnel framework typically starts with paid ads leading to a landing page, free valuable content, and a call booking step.
  • Ugly funnels can perform exceptionally well, emphasizing that speed to market and iteration beat polish.
  • Long form content such as a 1 hour training video enhances engagement and drives higher quality leads.
  • Pixeling and retargeting create a comprehensive marketing web that recaptures interest across platforms.
  • Email marketing evolves from basic capture to behavior based segmentation and targeted drip campaigns.
  • Monitoring and analytics are essential to optimize which ads, where to show content, and which funnel stages convert better.
  • Funnel success relies more on copywriting and conversion optimization than on high production values.
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Questions & Answers

Q: What is the difference between a website and a funnel

A website is described as a brochure like place where visitors can browse information, not a focused path to convert a visitor into a customer. A funnel, by contrast, is a step by step process designed to move a stranger into a paying customer. It uses a specific sequence such as ads, a landing page, free content, and a call booking to drive measurable conversions.

Q: What is the basic magic formula for a funnel

The basic magic formula involves running Facebook or YouTube ads to a landing page, offering free valuable content, and then guiding the user to book a call. This simple sequence has generated millions for AJ Smart by focusing the flow on a single clear objective and optimizing each step for conversion.

Q: Why might an ugly funnel outperform a polished one

An ugly funnel can outperform a polished one because the key factor is speed to market and iterative improvements, not design perfection. Launching quickly allows you to test assumptions, gather data, and improve the funnel over time, which can lead to higher conversions and revenue despite a rough appearance.

Q: How does long form content contribute to funnel performance

Long form content, like a one hour training video, deepens engagement and helps qualify leads. People who invest time watching are more likely to take the next step, such as booking a call or purchasing, because they have demonstrated higher intent and interest in the material presented.

Q: What role does retargeting play in funnels

Retargeting, also referred to as pixeling, is used to track visitors and show them targeted ads across platforms. This creates a marketing web that reminds potential customers of the offer and increases the likelihood they will re-enter the funnel and complete the desired action.

Q: How should a funnel be structured for a high ticket offer

For high ticket offers, the funnel should still focus on a single clear action at each stage, but the content and calls to action are tailored to those high value decisions. The flow should move from awareness to interest to deeper engagement, leading to a call booking or direct purchase and reinforced by follow up communication.

Q: What is the evolving role of email in funnels

Email marketing remains important but is evolving. The approach is to capture emails, provide drip value, segment based on behavior, and tailor follow up accordingly. This evolution supports more personalized, behavior driven outreach rather than generic broadcasts, enhancing conversion potential.

Q: What should businesses consider before applying funnels

Businesses should consider whether their product or service is suitable for a funnel approach, especially if it is high value or requires direct interaction. Funnels work best when they focus on a single conversion goal, when the copy is strong and tailored to the audience, and when testing and iteration are part of the ongoing strategy.

Summary & Key Takeaways

  • Funnel design focuses on converting visitors into customers rather than merely presenting information, making it a money generating engine rather than a static brochure.

  • The magic formula for a high converting funnel is ads to a landing page, free valuable content, and a call booking, a simple sequence that has driven millions for AJ Smart.

  • A key insight is that longer form content increases engagement and leads to more qualified prospects, which can raise conversion quality and ultimately sales.


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