4.6 • 644 Ratings
🗓️ 31 August 2023
⏱️ 30 minutes
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0:00.0 | Strategy number 36. PayPal Credit. Earlier, we talked about buy now, pay later options. |
0:07.4 | This strategy is going to be very specific, but for the right people, it could completely |
0:11.8 | change your business. To be clear, this isn't actually a Samkart feature, so this chapter |
0:17.7 | is sort of the reverse of the last strategy where the benefits are tied to being a Samkart user. |
0:22.9 | There was a time where Brian and I were doing live webinars multiple times each week. |
0:28.4 | These webinars pitched a big bundle offer to get Samkart with a bunch of other courses, downloads, and resources. |
0:35.1 | Price point was $997. |
0:41.2 | I know, I know. Again with the sevens. We've switched to nines now. We even toss in a few twos just to keep things spicy. These webinars were the |
0:47.0 | lifeblood of Sam Cart's growth. It was the only thing we were running paid traffic to, |
0:51.9 | which means we had to make our money back or the ads had to |
0:55.4 | stop. Return on ad spend, aka Roaz, was king here. If we could reliably spend $5,000 to get people |
1:03.9 | into a webinar that could close $5,000 in business, we would be printing money. Getting all those |
1:09.9 | leads, closing new customers, and breaking |
1:12.1 | even on the advertising spend without any follow-up would change the trajectory of our entire company. |
1:17.6 | So any opportunity to increase our ROAS had massive implications. |
1:22.6 | We had some mixed results with those webinars. Like any good sales pitch, it needed to be refined, |
1:29.2 | tweaked, and experimented with. But one day, we got an email from PayPal about a new product they |
1:34.7 | were offering called PayPal Credit. It was a buy-now pay later option that was being rolled out to all |
1:40.6 | U.S.-based PayPal customers. Credit to Brian, because he instantly saw the big opportunity. |
1:47.4 | We waited a few weeks for PayPal to fully roll out this feature. |
1:51.0 | Then, Brian added one slide that would quite literally change the course of SamCart. |
1:56.1 | We added one slide towards the end of the whole pitch that called out PayPal credit. |
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