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Marketing School - Digital Marketing and Online Marketing Tips

The Killer Conversion Hack that Marketers Don't Really Want to Share | Ep. #536

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.61.4K Ratings

🗓️ 18 January 2018

⏱️ 8 minutes

🧾️ Download transcript

Summary

In episode #536, Eric and Neil discuss the one major marketing hack that professional marketers don’t want to share. Tune in to hear why “urgency” is key to making vital sales. Time-Stamped Show Notes:  [00:27] Today’s Topic: The Killer Conversion Hack that Marketers Don't Really Want to Share [00:37] The killer conversion hack is urgency. [00:48] Neil thinks that 50% of his sales came from urgency. [01:00] Eric was taken in by a limited-time sale on Bonobos, so he knows that urgency is effective. [01:45] It has to be true scarcity or urgency to convince people to buy. If you do it too often, it’s like crying wolf. [02:20] For people who don’t complete the purchase, you can remarket all of those people with a video ad on YouTube and Facebook [03:35] The urgency you are establishing could be based on rising price (limited time discount offer), instead of scarcity. [04:01] Put countdown clocks within your emails to your list. [04:39] A ton of traffic still comes in after the offer expires. Make sure to adjust your landing page to reflect this, but offer them a head’s up about the next sale if they give their contact information. [05:07] Look at the Jeff Walker Launch Sequence for reference. [05:30] Send multiple emails on the day before the sale ends or even on the final day. [06:11] Eric launched a product using urgency: it wasn’t based on expiration, but a one-time lower price offer. [07:03] That’s it for today! [07:13] Go to Singlegrain.com/Giveway for a special edition of Crazy Egg, the heat mapping tool. Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Get ready for your daily dose of marketing strategies and tactics from

0:06.8

entrepreneurs with the guile and experience to help you find success in any

0:11.4

marketing capacity. You're listening to marketing school

0:14.5

with your instructors Neil Patel and Eric Sue.

0:19.4

All right guys before we start we got a special message from our sponsor.

0:27.0

If you want to rank higher on Google, you got to look at your page speed time.

0:31.5

The faster your website loads, the better off you are. With

0:34.4

Google's core vital update, that makes it super, super important to optimize your

0:38.5

site for low time. And one easy way to do it is use the host that Eric and I use dream

0:44.5

host so just go to dream host or Google it find it check it out and it's a

0:49.3

great way to improve your load time.

0:51.6

Welcome to another episode of Marketing School.

0:55.0

I'm Eric Sue and I'm Neil Patel and today we are going to share the killer

0:59.8

conversion hack that marketers don't really want to share.

1:03.8

So I'll get straight to the point

1:05.6

and we can kind of elaborate on this a little more,

1:08.2

but the killer conversion hack is urgency, right?

1:11.6

So Neil, I mean, when you sold your courses I mean what

1:14.2

percent of your sales came from kind of the last minute when does pour in I

1:18.2

kid you not like almost 50 percent of the sales came from urgency and enough marketers don't use it and they all think like oh it's a

1:26.6

sham I know better you know like I don't care about this I'm not gonna fall for these

1:30.7

tricks I don't care who you are. They work.

...

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