Mark Thompson
/markthompson
Welcome to my Social Blog
Mark Thompson
4y ago
Firstly, you are probably wondering what BAYG is? Simple, it's BUILD AS YOU GO
There are 2 ways you can build your online business.
Method One - Complete Then Launch
• Create a plan
• Build everything step by step
• Launch
Method Two - Build As You Go
• Create the absolute minimum needed
• Launch
• Test and Improve
Online careers are littered with projects that adopted method one. Days weeks and months are spent creating the perfect project only for the enthusiasm to run out before they've launched.
When building as you go the smallest of wins can fuel your enthusiasm, and spur the project on.
I launched a new BAYG Project earlier this week, it took less than a day to write everything.
At this stage, it's a free report and mini-course, in 3 months' time it could be a course, a membership, or a coaching program, and the data will tell me what direction to go in.
(You can find (currently free) Your First Thousand at: https://makemarketingsimple.gumroad.com/l/first-thousand
Test Test Test
When you launch your BAYG project your focus should be on rolling out the basics and then testing how it performs.
Test the copy, test the headlines, test the calls to action, and test how you attract your audience.
If it can be tested and measured.. test it!
Mark Thompson
4y ago
Backstory
On January 1st I closed down my existing Online Business that I'd had for almost 17 years. That business sold courses and had various communities based in Facebook groups.
Following some medical issues last year it was all becoming a bit much for me to manage, I wanted a simple business that was flexible and that I could run in under an hour a day.
I also deleted all social media apart from Twitter and closed all my existing Courses.
I retained my Inner Circle (community & training) but switched it to a Small Annual subscription for new members.
I started 2022 with virtually $0 Income, no courses to sell, and a New Twitter Account (opened on November 21st)
Results
Q1 Net Income $12671
Q2 Net Income $14566
Growth 14.95%
2022 Goal
Build a 6 figure Twitter-based Business.. so no pressure!
Q2 Income & Growth Stats
Twitter Followers; 1250
For the 2nd quarter in a row, I failed to hit my follower growth target. However, I've realized that the quality of followers is more important than quantity so I am happy with where we are.
Growth is speeding up over the past few weeks.
Email Subscribers: 1908
Didn't quite hit my 2000 follower target BUT I did remove about 300 unengaged subs. Got 105 subs on one day last week, so growth is looking good for now.
Product Sales $4301 (Q1 $3006.70) (Growth 43%)
This is sales of Email Infotainer and the Inner circle.
Created a 3rd product 30 Minute Affiliate for Q3
Affiliate Sales: I’ve broken this down into 3 groups as they are tracked differently. (Also some have instant payouts, others take 30-60 days)
Gumroad products: $675.85 (Q1 $2894.05 Deliberate policy to reduce Affiliate sales and focus on my own sales)
Non-Gumroad products: $3974.04 (Q1 $2193.61)
Pending commission (earned but not paid out) $2091.57
Misc income (writing emails for clients, coaching calls etc) $3870
Total Gross Income: $14911.61 (Q1 $13026.31)
Costs
It would be remiss of me not to include the costs I’ve incurred.
Convertkit $147
Tweethunter $177.87
Canva $30
Total Costs: $354.87
Net Income $14,566.74 (Q1 $12,671.44)
Q3 Goals
2500 Twitter Followers
3000 Email Subscribers
Increase product sales
Mark Thompson
Daily Thoughts
4y ago
Backstory
On January 1st I closed down my existing Online Business that I'd had for almost 17 years. That business sold courses and had various communities based in Facebook groups.
Following some medical issues last year it was all becoming a bit much for me to manage, I wanted a simple business that was flexible and that I could run in under an hour a day.
I also deleted all social media apart from Twitter and closed all my existing Courses.
I retained my Inner Circle (private coaching & training) but switched it to a Small Annual subscription for new members.
I started 2022 with virtually $0 Incom, no courses to sell, and a New Twitter Account (opened on November 21st)
2022 Goal
Build a 6 figure Twitter-based Business.. so no pressure!
Q1 Income & Growth Stats
Twitter Followers; 865
I am disappointed with the number of followers I was hoping to get over 1000. Follower Growth will be my focus for Q2 (2000 follower Target)
Email Subscribers: 1629 (on Jan 1st the account had around 728 subs)
I am happy with my subscriber growth and will aim to get over 2000 subs in Q2
Product Sales $3006.70
This is sales of Email Infotainer and the Inner Circle
Affiliate Sales: I’ve broken this down into 3 groups as they are tracked differently. (Also some have instant payouts, others take 30-60 days)
Gumroad products: $2894.05
Non-Gumroad products: $2193.61
Pending commission (earned but not paid out) $2647.95
Misc income (writing emails for clients, coaching calls etc) $2284
Total Income: $13026.31
Costs
It would be remiss of me not to include the costs I’ve incurred.
Convertkit $147
Tweethunter (Twitter management suite) $177.87
Canva $30
Total Costs: $354.87
Total $12,671.44
Q2 Goals
2000 Twitter Followers
2000 Email Subscribers
Increase product sales
Reduce Affiliate sales
Increase Misc Sales
Mark Thompson
Daily Thoughts
4y ago
What if I told you you could build a 6 figure online marketing business in under an hour a day, would you be interested?
Give me 3 minutes of your time and I'll show you how.
Step One: Build An Audience
Create a "Helpful" report or guide or checklist that helps a subscriber get closer to their goals
Automate the process of getting subscribers onto your list by using gumroad to give access to the report. Use the Convertkit integration with Gumroad to link both.
Place the link to your report/guide/checklist in your profile.
You can now automate the next step of the process.
Step Two: Create an Automated Welcome Sequence
In Convertkit set up a Welcome Sequence that introduces you to your new subscriber and shows them what to expect from you if they stay on your list.
Use this sequence to demonstrate your authority.
DO NOT SELL IN THIS SEQUENCE
Once completed add the sequence into an automation to ensure that everyone who downloads your report gets the sequence.
Step Three: Create An Automated Sales Sequence
Next, repeat the process for the welcome sequence but make this email sequence your sales sequence.
Show the subscribers just what is possible with your offer, show them what their future could be like. Then slowly introduce your offer over the following emails.
Next Level Email Marketing
If you implement the system above you simply have to get subscribers each day and write a weekly newsletter for the people who have been through your sequences.
But, if you want to take this to the next level there is one simple thing to add.
Get your subscribers permission before sending them the sales sequence. Do this and you'll 10x your email sales.
Get Email Marketing Secrets (It's Free)
Mark Thompson
Daily Thoughts
4y ago
As we enter a new year it's time to raise our glasses to those fine people who are our customers.
If you want more sales in 2022 then treat your followers and subscribers as if they are the most important part of your businesss... because they are!
• Treat everyone as if they are your best customer even if they haven't spent a cent.
Don't make the same mistake that many of our colleagues make.
Too many marketers go straight for the sale then if they haven't made a sale after 7-10 days they lose interest.
The problem with this approach is that most people become customers after 90 days. NINETY DAYS
I had one person on my list finally buy something this year after 6 years as a subscriber... it took a while but eventually, he came around!
If you get 100 subscribers today, one might buy in the next 2 weeks if you then give up nurturing them you'll miss out on the other 15 sales in the coming months.
The best way to nurture your subscribers is to provide them with great content that will inform and entertain them on a regular basis.
I like to call this Infotainment
The process is simple and a lot can be automated.
• Create a great onboarding sequence
• Email regularly (at least twice a week or they'll forget about you)
• Educate, Inform and Entertain
• Help people to make progress
Once you start to do that for the long term you'll start to make more sales than you ever thought possible.
Come join us and we'll grow together ... check out Email Infotainer