Show notes
Welcome back to maxxing week.
So far we picked the target market with the best ROI.
Today it's leads maxxing.
How to win at getting leads. Which is the most valuable part of the whole equation.
Solve this part and you've got a smooth path through everything else.
Here's where most people go astray.
They put 100% of their attention on in market leads.
The 3% who are ready to buy something right now.
And when you only chase those people, you pay a premium.
Because everybody else is competing for exactly the same 3%.
So you pay the most money and you've got the most competition. Everyone screaming the same message.
Picture the market as a river.
A meandering river making its way down to the mouth of the ocean.
The mouth is in market. That's where people are ready. New roof, new kitchen, buying a house.
And that's the most crowded part of the whole river.
All your competitors are standing there at the base, shouting over each other.
There's a much better approach.
Go upstream.
Up where people first get in the stream. There's far less competition up there.
Imagine you built your own little side tributary.
And you put an arrow and a sign that says if you're thinking about a new kitchen, go this way.
And people just... drift off down your private tributary.
Meandering down to a quiet cove where nobody else is paying attention.
Let me give you a couple of examples.
The party rental company. We talked about them before.
The highest ROI audience wasn't just anybody. It was outdoor weddings.
So we don't wait at the base of the river for someone to search party rental company near me.
That's where you pay the highest price and fight everyone.
We went upstream. We found people at the very beginning of planning an outdoor wedding.
We put together a directory. A hundred great places to have an outdoor wedding in Toronto.
And now we're in contact with someone who's going to need a party rental company in the next 12 to 18 months.
See what we did there.
We set our own needs aside.
We're not even talking about party rentals. We're talking about what they're looking for.
And what they're looking for is the venue. Where is this wedding going to be.
That has to come before they ever choose a rental company.
Same thing with anything that's a considered purchase.
We've been building a directory for assisted living facilities.
People looking for an aging parent or partner. That's not an impulse.
They're starting to recognize the signs that this is coming eventually.
So you offer them the most helpful information as they begin that journey.
And you're in conversation with them before anybody else.
Now here's the dynamic.
Most people don't want to hear about a lead that takes 6 or 12 or 18 months to mature.
They want bottom of funnel. In market. Right now.
Rory Sutherland told a story about bees that stuck with me.
Bees do the waggle dance. It tells all the other bees where the pollen is.
But about 15% of them don't follow the dance.
They're explorer bees. Their job is to go find new sources of pollen.
And without them, the hive implodes. It would exhaust the known pollen and never find the next batch.
They play an essential role.
So think about your budget the same way.
Maybe you've already optimized for in market leads. The SEO, the AdWords, the Google business stuff. Get a quote, book a strategy session, come on the webinar.
All bottom of funnel. And good at it.
Now what if you allocated 10 or 15 or 20% of your budget to what I call lead futures.
Identify people early in the process. And nurture that.
Stay best in class at the bottom of funnel. Don't switch your whole focus.
But put a slice toward finding the top of funnel, the early ones.
And over time I think the value of those early leads eclipses the now leads.
Because you were the only one they ever talked to.
That's why giving people a way to do research wins.
A catalog. A book. A directory. Something that educates them about the process.
Somewhere they'd go to gather information at the genesis thought. The very first moment they become a future prospect.
Get there first and you're often the only voice in the room.
So here's my nudge for you.
Think about the timeline. Where in the process is this person.
More leads. Sooner. For less.
And stop judging a lead by how fast they're ready to buy.
Show notes: https://deanjackson.com/podcasts/tol/145-leads-maxxing-more-leads-sooner-for-less/
Join me live on the next free 50-Minute Profit Finder call: 50minuteprofitfinder.com/podcast