Final Clickfunnels webinar?
On this extra long episode Russell talks about doing a webinar for Clickfunnels today, and why it's the last time. He talks about where he was a year ago, and how things have changed for Clickfunnels in that year.
Here are some interesting things you will hear in today's episode:
So listen below to hear what kind of changes are coming for Clickfunnels in 2017 and why.
---Transcript---
Hey everyone, this is Russell Brunson I want to welcome you guys back to Marketing In Your Car. Now, it's funny I get people all the time that ask me what microphone I use due to its amazing audio quality, and it's just my phone. I don't do microphones, I just hold it and talk into it. I figured if I had to get a microphone set up I never would have done it. I just want to be able to do these whenever I want to. Whenever I want, so I need at least the most simple, easy setup possible and that's how we did this, which is really cool.
I actually just got a brand new iPhone, so this is my first time recording on this new iPhone, which I'm kind of excited about. With that said, it snowed last night, if you follow me on Snapchat….I may be killing Snapchat, I haven't decided yet, but it's kind of frustrating but it's also kind of fun. I may be moving it over to Instagram Stories or something, I don't know.
But we went, half my kids are out in the snow playing in it. Norah and me were in the hot tub, it was really fun. Then the kids want the fireplace on, so I ran in my bare feet in the snow to turn the fireplace, it was some good times, but I survived it and lived to tell the story.
Today is exciting day because today is webinar day. We're doing a webinar, I was doing the stats, 4500 people registered. What? Which is going to be exciting. It's funny, we're getting towards the end of the year now and I want to share a message that'll loop back to the beginning of this year. For those of you who have been listening to the Marketing In Your Car podcast, if you haven't been, go and binge listen to all of them and catch up because there are some important things you're missing. Just kidding, kind of.
There was a podcast I did, I think in January. I was driving home and it was snowy as well. I think it was called the business model for the next twelve months. So if you go to marketinginyourcar.com and search on the page for business model, or twelve months, it should pull up and you listen to it. But I walk through a challenge I give to everyone, that basically do a live webinar every single week for the next twelve months and transform your life and business and it'll be amazing.
What's interesting is that, as I've been saying that over and over and over again, very few people have. Surprise, surprise. But the people that have are doing some amazing things. Some are speaking at Funnel Hacking Live, some are doing different things. One of them, I'm going to brag, I hope they don't mind. I'm sure that they're probably listening to this, but Brandon and Kaelin Poulin are examples of people who just, every time I'm like, "Hey you should do this." Just do it and it's amazing. And last month, and they're in the weight loss space, they sell $147 product and you might think, well how much can someone make doing a webinar a week every single week for a year? And I tell you it compounds. It's a compounding interest game.
I remember some famous guy said something about compounding interest, which was cool, but I don't remember the quote or the actual concept behind compounding interest. I only know how to sell stuff. But it's the same thing I think. It compounds. Just to put into perspective, when I met them at Funnel Hacking Live, they were doing about $100,000 a month that was in March or April, whenever Funnel Hacking Live was. Then they joined Inner Circle and kept doing it, and kept compounding and compounding.
November, I actually sent an email out the other day, I was like they did almost half a million dollars in November. And Brandon messaged me back, "What? We passed 600 grand in November." So I want to put it in perspective for you. $600,000 selling a $147 information product in the weight loss industry. That's the power of what we're talking about, this compounding interest, this compounding effect of consistently doing the same thing over and over and over and over again. And I've shared it with some of my friends, people who are successful, I had one friend I won't mention his name. A great marketer and super cool guy, and his company has been stuck at about $3 million dollars a year for a couple of years.
Which is funny, for some reason, I was stuck at 3 million a year for a long time, that was my sticking point. There's different sticking points, for me to break a million dollars was really hard, took me four or five years in a row, I was trying to break a million dollars from January 1st to December 31st, and I missed it multiple years in a row by a couple tens of thousands of dollars, like 20 or 30 thousand dollars. There's some mental block, and after I broke that I shot to 3 million and stuck there for a long time. Could never really break through that, in fact, I broke through it one time, when we built a big company up and had a huge staff, but our profits were horrible, then we shut that down and I was stuck at 3 million again for 3 or 4 years consistently, could not break that mental barrier.
What changed it for me was that transition to selling a lot of different product, because that's the mindset of marketers, I gotta create the next big thing, to make more money to how do I make something consistent that I just keep pushing people through. For me it was the webinar. We did the webinar and I committed to our team, because everyone….it's funny, when we launched Clickfunnels, a lot of my friends, and I saw it in forums, in Facebook groups, people were like, "Clickfunnels looks cool, but it's Russell's flavor of the week. I don't want to move my whole platform and then next week he's on to a new thing."
I was like, "Crap, I have to show people that I'm serious about this. This is the future, this is my focus." So a lot of my friends actually, didn't sign up for a year and half to two years because of that. They were afraid I was going to move on, because that was my pattern. That's all of our patterns. We do something initially to build a big audience of people. Then the way we start making money is create new things to sell to them. And that's part of the strategy, there's value in that, but what's more valuable is creating a front end offer that's evergreen, consistent, that you're always driving people into. There's a consistent message, consistent onboard, everyone comes through the same channel, buying the same thing, understanding the same concepts, then as you're building your culture and all these other things, come off of that.
So I started doing these one things consistently, that was kind of my promise to Dylan and Todd initially, "This is going to be my focus, don't worry guys. I'm not chasing the next shiny object. We're going to focus on this." It took me three months before we figured out how to sell it right. We had multiple failed product launches initially. Then we figured out the webinar was how we were going to sell it, and it worked.
We did the webinar over and over. And I did the webinar every week for almost a year, probably more than that. Some days I would do two to three webinars in a day, which is a lot. I don't know if I could handle that nowadays. When we first got started, that's what I was doing. I'd do a webinar and get off, then do another one and get off. If you do it, those of you who have done a webinar, a two hour webinar, it drains you. All your energy is going into it, and to do two or a couple times three in a day, it was tough. But I was learning my message, finding my voice, understanding where people were getting stuck, perfecting it and going over and over.
And the nice thing about doing it live is it gets everyone on your staff and team focused on this thing. This last year, we had so much success and the webinars were kind of shifted over to automated webinar, and that's been running for most of this year, so I haven't been doing them live that much this year. But I paid my dues, so it's okay for me. For you guys, you gotta pay your dues first then you can. After you've done it 50 or 60 times live, you're allowed to automate it.
So we automated it a lot this year, it's been good, a consistent stream of money, but it hasn't been this big focal point. So we wanted to do one big last hurrah, which is happening today in a couple of hours, to do the funnel hacks webinars. So we did a big push and got 4500 people on it. 4500 people means we'll get a thousand on the webinar. We consistently close 20 percent, that means 200, so we're looking at probably 150-200 thousand dollars live on the webinar. And then from replays we should double that. Gets us to 3 or 4, but then we'll also have a big urgency and scarcity scare since this is the last time we'll be doing this webinar, in fact we're doubling the price of this offer and changing the webinar as a whole coming into the new year.
So there's a lot of built in urgency and scarcity. So my guess, we'll probably end up with 5 or 6 hundred thousand from this in immediate sales, but the lift from that is huge as well, because even people that don't buy, now they are indoctrinated into our process. They sign up for Clickfunnels, they start buying the books, all the other pieces start happening and there's so many big benefits that come from the consistency of the webinar.
So I just wanted to kind of circle back to when we talked about, almost a year ago, and get back to that. Like I said, my friend who's stuck at $3 million I told him, "This is the model. You gotta do a webinar every single week." He was like, "I can't write a new webinar every single week." I was like, "No, you do the same webinar every single week." He was like, "I can't do the same webinar every week, my audience will get tired of it." I was like, "Exactly, that means you gotta bring in a new audience." And he was like, "No, that won't work. We make our money by creating new things, and it takes me a couple of months to create a new thing." And I was like, "That's why you're stuck at 3 million dollars, because you can't." It's a hard, hard road to grow past that until you find……
I know that, from a decade, ten years of me trying that and launching and re-launching. No, focus on creating a front end, it becomes so amazing, good, and powerful that you can consistently bring new blood in that brings new blood in.
The second half is that you'll find these businesses that are stuck at 2 or 3 million dollars a year. Usually after a year or two of that they start getting atrophy and it starts shrinking and there's usually a couple of reasons. One is the entrepreneur is burned out of creating new offers. Number two the audience starts shrinking. I don't know what it is, we all get good at bringing in an audience initially, and then we have it and we stop focusing on that. We've gotta be focusing consistently on new leads coming in. It's a life blood of your business, even if you don't want to grow, just want to maintain, it's essential to have.
It's interesting, I have been listening to an old course, an old Kennedy, actually Bill Glazer course, it's called Think and Grow Rich for Renegade Entrepreneurs, or something like that. I found it somewhere. So I've been listening to that and the firs thing he talked about is renegade entrepreneurs thinking to grow rich is that they all have a focus on consistent new lead generation. No matter how good their business is doing, they are always focusing on consistent new leads coming in.
As I move into this new year, we are changing the webinar offer. We're changing the pricing. We're doing a lot of cool things inside of Clickfunnels and how we sell it, but I'm not going to be doing this webinar anymore. So for me it's like, what's the new horizon? What are we shifting to?
I still recommend for 99.9% of all business, the focal point should be a front end webinar. In fact, we will still have webinars that are selling on the front end. But for me, I think I've talked about this with you guys before, my whole goal now, we just passed, it's crazy. This week we passed 25 thousand active customers inside of Clickfunnels. That's not people who signed up and left, that's people who are actively being billed, happily. It's…..we never thought we would get to that. We talked about that, "Oh yeah, when we have 100,000 customers…" but we never thought that was a real thing. But a little over two years in we're at 25 thousand active customers, which is crazy.
So for us, it's like how do we expand that market? How do we get it bigger? We can keep doing it through webinars, and we will, but I think for me and my business, and again, I'm not saying this for all businesses, because I do not think this is across the board, but for Clickfunnels to grow….we'll continue to grow in the channels we are, people that have existing businesses that need a funnel, but the big opportunity for me and our team is, and it's funny because a year and a half ago when I started down this project, for new customer acquisition, how do we keep the fuel in the pump? It was funny, we were looking at, trying to figure out, what's the offer I create so that all small businesses will start using Clickfunnels?
I was stuck for 3 or 4 four months, trying to think through that, trying to figure things out. And it's funny, I may have told this story before, if not it's worth telling again. So you guys may hear it twice. A year and a half ago I had joined Joe Polish's 25k group and the night before the first meeting, I got invited by some cool people to come to this little dinner party. It had about ten people in it, so I come to this dinner party and Dave Woodward came with me to the trip, but he wasn't able to come to the dinner. And prior to that Dave and I were talking about it, "How do I create, a book I need to write, or is it a webinar? What do we need to do to penetrate and get all of small businesses to start using Clickfunnels? And we're thinking through it and thinking through it. And it's funny how when your brain is on something how things just open up.
So I'm at this dinner and sitting across the
