Training Session2014-05-12

Building A Business Relationship With Your Customer with Eben Pagan

Eben Pagan reveals game-changing business strategies including the landing page concept that captured leads instead of losing 80% of website visitors, "moving the free line" by giving away massive value, and personal follow-up emails that generated $10 per email in sales. He shares how a simple price test from $29.95 to $39.95 resulted in his highest sales day ever.

Teachings 8

  • Landing pages that capture leads before selling can grow your business 5-10x even though you lose 80% of visitors

    Eben Pagan credits Dean Jackson with creating the first landing page concept. Instead of letting traffic come directly to the website, they required name and email before entry. This single change made their business 5-10 times larger than it would have been without lead capture.

  • Moving the free line means giving away so much value that prospects think 'if this is what they're giving away, how valuable must their paid products be'

    Eben Pagan developed this concept specifically for internet businesses where you can distribute audio, video, printed materials, and software at very low cost. He created what he calls 'the most valuable newsletter ever' with thousands of pages of free information, as valuable as newsletters that charge $1000 per year.

  • Personal follow-up emails to recent customers can generate $10 per email in additional sales

    Eben had Sheila, his first virtual assistant, send personal emails to customers who bought his ebook a couple weeks prior. The email said he hoped they enjoyed it, referenced specific chapters, and offered to send his Advanced Course to try for a month with no risk. These 30-60 second emails generated approximately $10 each in sales.

  • Testing higher prices can dramatically increase both sales volume and revenue simultaneously

    Eben tested raising his ebook price from $29.95 to $39.95 (a 33% increase) and achieved both his highest number of sales in one day AND highest revenue volume on the same day. This paradigm shift led him to split-test multiple prices on 80% of product launches.

  • Creating high-value free content with personality, humor, and energy significantly improves newsletter performance

    Eben discovered that the more personality, humor, energy, and 'fire' he put into his newsletter copy, the better it performed. He decided to create the best newsletter ever written on any topic, making it as valuable as paid newsletters costing $1000 annually, then giving it away free.

  • Cross-selling and backend selling to existing customers can double your business profits

    Eben emphasizes that if you're not upselling, cross-selling, and continually offering more products to existing customers, 'you're probably throwing away at least as much profit as you're making.' This became one of the most profitable long-term shifts in his business.

  • Internet businesses can test prices more easily than offline businesses due to lower testing costs

    Eben explains that offline businesses face challenges with printed runs, split testing magazine ads, and direct mail costs, but internet businesses can test different prices against each other much more easily and cost-effectively.

  • A 10% price increase that maintains conversion rates can double your profitability

    Eben teaches that if you increase your price by just 10% and it performs as well or better than the lower price, this small change can dramatically improve the profitability of your entire business model in most cases.

Quotable Moments 4

  • by losing the 80% we actually get five times as much out of the 20%

    Eben Pagan
  • if this is the stuff they're giving away how valuable must be the stuff that they're selling

    Eben Pagan
  • you're probably throwing away at least as much profit as you're making

    Eben Pagan
  • I'm gonna create the best newsletter that's ever been written on any topic

    Eben Pagan

How to implement landing pages and follow-up sequences

Step-by-step process for capturing leads and nurturing them into customers

  1. 1

    Create a landing page

    Instead of letting visitors access your website directly, create a page that requires name and email address in exchange for valuable free content

  2. 2

    Develop valuable free content

    Create a newsletter or content series with personality, humor, and energy that's as valuable as expensive paid products

  3. 3

    Set up email follow-up

    Send personal follow-up emails 2-3 weeks after someone joins your list, referencing specific content they received

  4. 4

    Offer backend products

    Present additional products or services to try risk-free, making the offer personal and low-pressure

  5. 5

    Test multiple prices

    Split-test different price points for your products, including testing higher prices than you think will work

Questions Answered

How do landing pages increase business revenue

that one tweak was a dramatic shift in our business it was truly dramatic I would say right now that I mean you know if we had to go back and chart the growth of our business over time and say where would it be right now our business would probably be you know one tenth or one fifth or something besides that it is had we not changed the order in which we captured information

Eben Pagan1:34

Landing pages that capture email addresses before allowing site access can grow your business 5-10x. Even though you lose 80% of visitors who won't provide their email, the 20% who do become leads you can follow up with through newsletters and email marketing.

What is moving the free line strategy

moving the free line is a little idea that I came up with and it's about giving away a massive quantity of value in fact giving away so much value that the prospect says to themself well jeez if this is the stuff they're giving away how valuable must be the stuff that they're selling

Eben Pagan2:36

Moving the free line means giving away so much valuable content that prospects think 'if this is what they're giving away, how valuable must their paid products be.' You create content as valuable as expensive paid newsletters but give it away free to build trust and demonstrate expertise.

How to follow up with customers after they buy

those emails were worth something like ten dollars a piece in sales those cut and paste emails that took 30 seconds apiece or 60 seconds to do just following up a couple of weeks later with a personal email saying I hope you enjoyed it here's something else just try it if you like it great if not just send it back

Eben Pagan9:27

Send personal follow-up emails 2-3 weeks after purchase. Reference specific parts of what they bought, offer additional products to try risk-free for a month, and make it personal. These simple emails can generate $10 each in additional sales.

Should I test higher prices for my products

I sold more product at a higher price in one day... essentially they're still buying at the same rate or better even though I raised my price by 33% and like I said it changed my paradigm

Eben Pagan6:17

Yes, always test higher prices. Sometimes higher prices actually increase sales volume while obviously increasing revenue. Test multiple price points on every launch - even a 10% price increase that maintains conversion rates can double your profitability.

How much can landing pages improve business growth

our business would probably be you know one tenth or one fifth or something besides that it is had we not changed the order in which we captured information

Eben Pagan1:34

Landing pages can improve business growth by 5-10 times. While you'll lose about 80% of visitors who won't provide their email, the 20% who do become valuable leads you can nurture through follow-up marketing, resulting in dramatically higher overall business value.

What makes free content effective for marketing

the more personality and humor and energy and kind of fire I put into the copy and the newsletter the better performed and at one point I decided I'm gonna create the best newsletter that's ever been written on any topic the most valuable newsletter ever and then I'm going to give it away

Eben Pagan3:39

Effective free content has personality, humor, energy, and massive value. Create content so valuable that prospects wonder how amazing your paid products must be. The more personality and energy you put into the content, the better it performs.

Summary

The Landing Page Revolution That Changed Everything

Eben Pagan reveals how he and Dean Jackson pioneered the landing page concept that required visitors to provide their email before accessing content. This counterintuitive strategy of losing 80% of visitors to build relationships with 20% resulted in 5-10x business growth. The key insight was shifting from hoping visitors would buy immediately to capturing leads for long-term nurturing.

Moving the Free Line to Demonstrate Massive Value

The revolutionary 'moving the free line' strategy involves giving away content so valuable that prospects assume your paid products must be extraordinary. Eben created newsletters as valuable as $1000 annual subscriptions but gave them away free. The more personality, humor, and energy he added to the content, the better it performed in converting prospects to customers.

Price Testing That Shattered Conventional Wisdom

When Eben tested raising his ebook price from $29.95 to $39.95, he achieved both his highest sales volume and revenue in a single day. This 33% price increase completely changed his paradigm about pricing. He now split-tests multiple prices on 80% of launches, discovering that sometimes the highest price outperforms all others.

Personal Follow-Up Emails Worth $10 Each

Simple personal follow-up emails sent 2-3 weeks after purchase generated approximately $10 each in additional sales. These 30-60 second messages referenced specific content customers had consumed and offered risk-free trials of advanced products. This personal touch became a cornerstone of their customer relationship strategy and backend sales system.

Building A Business Relationship With Your Customer with Eben Pagan
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Counterpoint

Claim:You should capture as many website visitors as possible and never turn anyone away

Reframe: Losing 80% of visitors to build relationships with 20% generates 5x more business value

Eben's business grew 5-10x after implementing landing pages that required email capture before entry, even though 80% of visitors never entered the site.

Claim:Higher prices mean fewer sales

Reframe: Higher prices can increase both sales volume and revenue simultaneously

When Eben raised his price from $29.95 to $39.95 (33% increase), he achieved his highest sales volume AND highest revenue in a single day.

Claim:Free content should be basic to encourage paid purchases

Reframe: Give away content so valuable that prospects wonder how amazing your paid products must be

Eben created free newsletters as valuable as $1000 annual subscriptions, which dramatically improved his business conversion and growth.

Key Points 8

Landing pages that capture leads before selling can grow your business 5-10x even though you lose 80% of visitors

0:33

Moving the free line means giving away so much value that prospects think 'if this is what they're giving away, how valuable must their paid products be'

2:36

Personal follow-up emails to recent customers can generate $10 per email in additional sales

8:45

Testing higher prices can dramatically increase both sales volume and revenue simultaneously

5:13

Creating high-value free content with personality, humor, and energy significantly improves newsletter performance

3:39

Cross-selling and backend selling to existing customers can double your business profits

9:57

Internet businesses can test prices more easily than offline businesses due to lower testing costs

5:13

A 10% price increase that maintains conversion rates can double your profitability

7:22