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The TCR Advantage Marketing Strategy (Traffic, Conversion, Retention) - #049

An episode of the Modern Marketing Podcast podcast, hosted by Adam Erhart, titled "The TCR Advantage Marketing Strategy (Traffic, Conversion, Retention) - #049" was published on May 29, 2017 and runs 9 minutes.

May 29, 2017 ·9m · Modern Marketing Podcast

0:00 / 0:00

Whether your business is in startup mode, reputable and well-established, or somewhere in between, traffic, conversion, and retention are essential elements to making it sustainable and profitable.

 

In this episode, Adam walks you through the simple 3-step TCR advantage marketing strategy that gets you more traffic, more conversions, and better retention to generate more customers, sales, and revenue for your business.

 

Episode Discussions:

  • How to identify which segment of TCR you need to focus on
  • One of the most valuable tools any business can have to convert traffic into leads
  • The key premise behind an effective lead magnet
  • Landing pages: What they are and why they're the best way to deliver lead magnets
  • Why retargeting ads are so effective and profitable
  • Adam's top 2 traffic source recommendations
  • Reasons why email marketing remains to be well-worth the investment
  • How content marketing boosts the effectiveness of Facebook Ads
  • 3 important things to remember when creating lead magnets
  • Ways to nurture your leads
  • The biggest mistakes to avoid when focusing on customer retention

 

2:04

Identify which area of your business needs attention

Laser-focus efforts on where the greatest opportunities are and what will provide the biggest impact

  • Focus on traffic (step 1) if…

You need more people to know about your business, visit your website or store, or call you.

  • Focus on conversion (step 2) if...

You have enough traffic and visitors but aren't turning them into paying customers.

  • Focus on retention (step 3) if...

You have traffic and customers but want to maximize revenue by increasing their lifetime value and selling them more of your products and services.

 

3:19

Step #1. Traffic

  • Niche down and focus on your ideal target market.
    • Ensure they're able to find you, learn about your business, and do business with your company.
    • Find how to leverage it, how to get the best results, and the amount you're able to pay for it and still break even or return positive ROI
  • Top 2 traffic source recommendations:
    • Facebook Ads - short-term win
    • content marketing - boosts effectiveness of Facebook ads, provides more sustainable and long-term approach.

"When you combine these tools together, you create an unstoppable force destined for marketing domination."

4:57

Step #2. Conversion

  • Offer something of value in exchange for prospect's contact information.
  • Key premise behind an effective lead magnet:
    • Drill down the needs of your customers
      • Find out what information they're looking for
      • their problems and how you can help
    • Keep it simple, easy to digest, and positions you as an authority in your market
    • Use a landing page to deliver magnet in exchange for their contact details.

 

6:53

  • Nurture leads via:
    • email nurture sequence
    • retargeting ads
    • sales call
    • webinar

 

7:13

Step #3. Retention

  • Continued service and offering of new things for customers to buy.
  • Use a combo approach of email marketing and retargeting ads.
    • Retargeting ads
      • ensures you stay top-of-mind
      • allows you to advertise to a smaller area of the market
    • Email marketing
      • Provides remarkable return (some ROI numbers: 3800% and 4500%)
    • Biggest mistakes: not providing a call to action (CTA) or opportunity to learn about your other products and services.

 

Contact Adam: [email protected]

 

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