473. How To Solve The "My Business Isn't Growing" Problem [Part 2/3] - Understanding Conversion Metrics and Lead Nurture
The Fitness Business Podcast with Erin Dimond and Jordan Dugger
Erin Dimond and Jordan Dugger
4.9 • 670 Ratings
🗓️ 28 September 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
Continuing our series on solving the "my business isn't growing" problem, in this short Part 2, I want to cover how to understand conversion metrics along with explaining what lead nurture really is. I'll end with explaining the 5 stages of market sophistication and tease Part 3!
Time Stamps:
(0:55) Going Back and Listening to Part 1
(1:12) What We'll Cover Today
(1:40) What is Conversion?
(2:54) Knowing If You Have a Conversion Issue
(4:15) 5 Stages of Market Sophistication
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Transcript
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| 0:00.0 | So the more saturated the market, the less and the less desirable the offer, the more you have to truly build relationships, trust, and connection. |
| 0:07.9 | And everyone in this room is at a really unique advantage, or everybody probably listening to this too, because you can get started with organic first. |
| 0:14.7 | Most people skip the organic part and they go right to like, say, paid ads. |
| 0:18.2 | They don't understand why their paid ads don't work because they have no effective system to really nurture those leads. |
| 0:25.3 | Welcome back, y'all, to the Fibbiz podcast. Jordan here with part two of a three-part series |
| 0:30.0 | where I'm basically presenting to you all the presentation I'm giving at our legacy mastermind retreat, |
| 0:36.3 | which is all about how to understand |
| 0:37.7 | and solve the question, my business isn't growing. I need more clients. What do I do? And I'm taking |
| 0:43.3 | you through the theory of constraints, how to identify constraints, how to understand what you need to |
| 0:47.6 | do in your business to solve that. And this is part two. So part one, I basically covered how to |
| 0:52.1 | look at constraints and how to look at fulfillment |
| 0:55.8 | and ascension constraints, basically how to know if you're doing a good job as a coach and to see |
| 0:59.4 | if like that is the actual problem in your business. So if you haven't listened to that yet, |
| 1:03.4 | I would go back another episode, tune in. It'll get more context for this one because in this one, |
| 1:08.1 | we're going to talk all about conversion constraints okay uh and then on the |
| 1:12.1 | next one actually we'll probably cover conversion and lead nurture then on the final one we'll talk |
| 1:16.5 | about lead generation okay so here we are uh for those watching live you can see we're right |
| 1:23.5 | here at the conversion part okay so we've already covered fulfillment and ascension we're're going to talk about conversion today. Then we'll talk about lead nurture and then finally |
| 1:31.2 | lead generation. Okay. So what is conversion? Really, it's, it's pretty simple. It's your |
| 1:37.3 | live call execution, okay, your ability to close on a sales call and then your ability to follow up |
| 1:42.8 | to get even more sales. That's basically |
| 1:44.7 | conversion. And then in the middle is your close rate. Your close rate is impacted by both, |
... |
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