Ep. 246- MISTAKE! You're ignoring your BEST PROSPECTS!🫢"WHAT DO YOU DO?"😡Jay’s SCOOP

27 Dec 2024 · 10 min

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Podcast Episode Summary

Do This, NOT That: Marketing Tips with Jay Schwedelson

Episode Title

Ep. 246 - MISTAKE! You're Ignoring Your BEST PROSPECTS!🫢"WHAT DO YOU DO?"😡Jay’s SCOOP

Podcast Description "Do This, NOT That!" is a podcast dedicated to mastering marketing insights, offering practical advice and actionable takeaways. It explores various marketing strategies, including decision-making, audience nurturing, and behavioral psychology principles to enhance marketing efforts.

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Key Topics Discussed

  • Overlooked Prospects:
  • Jay Schwedelson emphasizes the importance of recognizing and targeting visitors who access offer pages after the expiration of the offer.
  • Visitor Behavior Statistics:
  • 24% of visits to offer pages occur after the offer has expired.
  • Visitors who convert on expired offers have higher lifetime values:
  • Consumer Brands: 220% higher
  • Business Brands: 170% higher

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Detailed Insights

  1. Intentional Traffic:
  2. Visitors returning to expired offers are more intentional about their interest, which leads to higher conversion rates:
  3. Those who save offers for later demonstrate a deeper consideration compared to knee-jerk reactions to immediate offers.
  1. Strategies for Expired Offer Pages:
  2. It is crucial for marketers to have strategies that engage these visitors, such as:
  3. Providing alternative content (e.g., related webinars or on-demand access).
  4. Offering new or better deals than the expired ones.
  1. Long-term Value of Traffic:
  2. Marketers should extend their focus beyond the immediate post-offer period, considering ongoing engagement strategies for at least six months.

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Additional Segments

  • Podcast Sponsorship:
  • Sponsored by Marigold, a relationship marketing platform aiding in customer acquisition and loyalty solutions.
  • "Since You Didn't Ask" Segment:
  • Jay humorously shares misconceptions about his profession, highlighting the gap between public perception and reality in marketing roles.

Upcoming Events

  • Jay promotes various virtual events:
  • Eventastic.com: World's largest free event about events.
  • CertifiedGuru.com: Free email certification program reopening soon.

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Conclusion Jay Schwedelson encourages marketers to rethink their strategies around expired offers, focusing on the intentionality of returning visitors and the significant lifetime value they represent. The episode serves as a reminder to engage with all segments of traffic, especially those overlooked.

Listen to the podcast for more actionable marketing insights and strategies! ```

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Transcript

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0:08Welcome to Do This Not That, the podcast for marketers. You'll walk away from each episode with actionable tips you can test immediately. You'll hear from the best minds in marketing who will share tactics, quick wins, and pitfalls to avoid. We'll also dig into life, pop culture, and the chaos that is our everyday. I'm Jay Schwetelson. Let's do this, not that.

0:40We are back for Do This, Not That podcast presented by Marigold. And today we're going to talk about a group of prospects that both business and consumer marketers are ignoring. And these are potentially your best prospects. This is a wild stat. 24 % of visitors to your offer pages for both business and consumer brands will occur after the offer expires. That is wild. What does that mean? So World Data Research just came out with this data. And what it means is that people are going to your offer pages after the thing is over. After the webinar is over and they didn't register, they're going there late and they're still trying to register for that webinar that they missed.

1:25they're going to the page with the promotional discount on the sweater that you're selling but they missed the sale but they're still going to the page and they're clicking on that email or that ad or that whatever that they found and they're still going to that page 24 percent of the traffic to those offer pages are happening after the offer expires so what who cares why does that matter you see here's the problem marketers are always on to the next thing they're on to the next sale. They're on to the next piece of content that they're trying to promote. They're not paying attention to what is literally the most valuable group of people that are visiting these pages.

2:05Why do I say they're the most valuable group of people that are visiting these pages? Well, first let me give you the stat and then I'll tell you the why. So the lifetime value of people who click and then convert on offers after they expire, not during the offer period. If they click and then they convert on an offer after they expire, okay, for consumer brands, the lifetime value of that person is 220 % higher. And on the business side, that lifetime value of that person is 170 % higher to that brand when they convert on offers that are after the period of the original offer. Why? What happens?

2:47So you send out that email, okay, about that webinar. Now, the person receives that email and they're like, you know what? I'm interested in this topic. I just don't have time for today. And they don't delete it. They put the email off to the side. And then like a week or two later, they come back to their inbox and they go, you know what? I need to get back to that webinar that I missed. Let me go find that email and let me click on it and see if I can still access it. Unlike the email that they originally received, if they just reacted to it, That is a knee-jerk reaction. But when they save that email and then they go back to it a week, two weeks later, that is very intentional.

3:30That's why the lifetime value is so much higher because these people are giving thought to your offer. Now, on the consumer side, it's the same thing. Oh, they get that sweater offer, that 30 % off. They save it. They just can't buy it in that moment, right? They can't do that quick reaction to your offer on that social ad or whatever. But then they come back to it. They remember it. And they try to find that offer wherever they can. And they click on it. And then they go to that page. And there's something there for them to buy. And they convert on it. So why does this all matter? It matters because when 24 % of the people of your most valuable traffic are going to your pages, what is there?

4:09What is on those pages? Right? So if somebody tries to register for that webinar and it's over, is it just something that says, sorry you missed out on it? there'll be another one soon or you say hey we know you missed out on this webinar but great news here's this incredible piece of content that's on the same topic register for that right here or guess what we have the on demand right here just register for that right here right or if it's a promotional offer you say listen i know you missed out on that sweater but great news this offer might even be better check this out you need to think about that traffic on those pages because it's the most valuable traffic that you have as a marketer.

4:51And it's a very, very, very long tail. You need to not just be thinking about it 30 days after offer or 60 days after your offer. You need to think about it for like six months. You have no idea when you go back to your traffic, to your various offer pages, and you look at the number of visitors, it's not enormous, but it lasts a long time. So if you're not thinking about what is on those pages and you don't have an intentional strategy about putting really great stuff there that is on point for those visitors, you're missing out on this intentional traffic. And intentional traffic is everything because people are really thinking about, okay, I want this thing.

5:31All right. So before we get into since I didn't ask, or since you didn't ask the crazy portion of this podcast, I want you to let me know that this podcast is presented by Marigold. And I've talked about Marigold all year long, and they're an amazing company. They're a platform that I use to send out my email. They're also awesome for loyalty programs. They're awesome for all sorts of marketing initiatives. And I'm telling you, if you're not thrilled with your email sending platform, I want you to DM me on LinkedIn. I want to introduce you to the exact right people at Marigold to connect with you.

6:04And if you want to just check them out, you can go to meetmarigold.com. You've probably heard of many of the brands that are part of Marigold, like Sailthrough or Campaign Monitor or Live Clicker or Cheetah Digital, whether you're a business or consumer marketer, small, medium, or large, you really want to check them out because there's a better solution than what you're using. So check them out at meetmarigold.com. That's who I use. Or you can DM me on LinkedIn and I will connect you. All right, let's get into since you didn't ask. This is the ridiculous portion of this podcast, and this is something I just need to vent about.

6:38So over the last few weeks, I've been going to different holiday dinners and holiday events. And, uh, I try very hard to not really talk about what I do for a living because I have come to inclusion. Nobody has a clue what I do for a living. Nobody actually wants to know what I do for a living. And so I'm always trying to like find out what other people do for a living. And I don't want to talk about my work stuff, whatever, but I've, it's amazing to me now that I've been going to these holiday parties, talking to so many people, what people think I do for a living, they will come up to me. And what I've gotten this, this last few weeks has blown my mind and I actually give up.

7:18So somebody is like, Hey, um, so they were asking me like, you know, what do you do for a living? And I didn't even say whatever. And they go, you sell webinars, right? That's what you do. I'm like, I sell webinars. What the hell does that even mean? I'm like, no, I don't sell web. What do you mean? I sell a webinar. Like I'm like, what? And then, um, I also got you write TV commercials, which is unbelievable. Um, like seriously, I write TV commercials. I, I, I've known these people for like 20 years, 30 years, and they have no idea. And a lot of people now say to me, oh, you do AI stuff. No, I don't.

7:58that's not even in the ballpark of what i do and the best one that i got and this one i was like i'm done i was so done this person goes you know they came over to me cocktail in their hand and they go well yo um how's that hawk to a stuff going i go what that's what you do right hawk to a podcasting you do stuff like that she has a podcast don't you do the same thing is that what you do for a job? I'm like, you are an idiot. I hate everybody. I mean, I was like, I walked away from that, dude. I'm like, I'm never talking to that moron ever again. So yeah, I probably need to talk about what I do for a living in a little bit more detail because this whole idea that I sell webinars or whatever else nonsense people are saying, I don't know.

8:50I just give up. I give up? Why is it so hard? Yeah, I do marketing stuff. Okay, leave me alone. Anyway, I appreciate you checking out this podcast. You are awesome. Two things I want to let you know about certified guru.com. Our free email certification program is opening back up for new people to do the course. In the next few weeks, you want to get in the waitlist certified guru.com. It's only open for a short period of time. And then we're also opening up registration for our brand new giant free event called Eventastic. You can go to eventastic.com and that's going to be the world's largest event about events.

9:27It's going to be 100 % free. It's going to be about webinars, in-person, virtual events. So check out certifiedguru.com and eventastic.com and don't ask me what I do for a living. Later. You did it. You made it to the end. Nice. But the party's not over. Subscribe to make sure you get the latest episode each week for more actionable tips and a little chaos from today's top marketers. And hook us up with a five-star review if this wasn't the worst podcast of all time. Lastly, if you want access to the best virtual marketing events that are also 100 % free, visit guruevents.com so you can hear from the world's top marketers like Damon John, Martha Stewart, and me.

10:10Guruevents.com. Check it out.

From the publisher

In this episode of Do This, Not That, host Jay Schwedelson discusses a group of often-overlooked prospects that could potentially be the most valuable for both business and consumer marketers. He shares insights on visitor behavior after offer expirations and provides strategies to capitalize on this intentional traffic.

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Best Moments:

(00:40) Introduction to the topic of overlooked prospects

(00:56) 24% of offer page visits occur after the offer expires

(02:28) Higher lifetime value of customers who convert on expired offers

(04:02) Importance of having strategies for expired offer pages

(05:32) Podcast sponsorship by Marigold

(06:30) "Since You Didn't Ask" segment on misunderstandings about Jay's profession

(08:55) Information about upcoming events and programs

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Check out our FREE + VIRTUAL EVENTS! -> 

EVENTASTIC.com

GuruConference.com

DeliveredConference.com

=================================================================


MASSIVE thank you to our Sponsor, Marigold!!


Marigold is a relationship marketing platform designed to help you acquire new customers and turn them into superfans with their best-in-class loyalty solutions. Don’t take my word for it though, American Airlines, Honeybaked Ham, Title Boxing, and Notre Dame University are also customers!


Regardless of your size, check out Marigold today to get the solution you need to grow your business!


Check out this free content from marigold that Jay has loved digesting, 5 Steps For Selecting The Right Email Marketing Platform.

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