Turn Your Etsy® Shop into a Sales Machine

Lesson 33/43 - Boost Your Marketing With Paid Advertsing

 

Turn Your Etsy® Shop into a Sales Machine

 

Lesson Info

Boost Your Marketing With Paid Advertsing

So I'm excited because the next example that I'm gonna show you is so out of my playlist, and it's a longer example. So most marketing goals are 30 days, especially with a product based business. It's gonna be a 30 day marketing goal. But I'm gonna walk you through what happens with Your Best Year 2016. Your Best Year, this is it's third year running. It started in 2014, 2015, so this is it's third year running. It is a repeatable campaign. It like makes me sore the success that has come from this book. So remember, it not only has a season, it has a repeatable season. So this product will be null and void about six months into the year, even though people will buy it all year long. But by October, Your Best Year 2017 will be out, then it will be an old file. So Your Best Year, having an experience with it, having it's third year running. I can tell you that December through February is going to result in it's strongest sales. It's really going to take off. Just because of the nature o...

f the workbook, it takes off December through February, but the campaign starts in October. So December through February. So this is kind of a longer season, but this is something to be... This is something to note if you have something that has a season like that or you have a seasonal sale. And one of the things I love to do with my product based business is bring out a fall special or bring out something to that effect. So you can see here, the goal is 10,000 sales of Your Best Year. And I want to promise you that when I wrote that goal, it was a huge goal to write. But because of the rate of the growth of the product, it was a stretch that I knew I wanted to make, and it was a number I wanted to get used to. I was willing to accept the challenge. If I had to think of what 2014 sold at, I would guess it probably sold 3,000 copies. But the year before that, it sold probably 750 copies. So the growth was rapid. And I wanted it, I wanted to give it a chance and really do the best that I could for it. So I set that goal. It was a huge number to write down. It made me nervous, but it didn't make me scared. It made me think okay I can rise to that challenge. So I had good reasons to do that. And also I knew it's seasons. I knew it's strongest sales times. I had a lot of data already on the product, and I knew the marketing that worked. I also knew I improved the product every year. This is so much better than 2014, and it's that much better than 2015. I improve it based on it's feedback, and it's become a more valuable tool. It also, now, has things that I've developed over the year because I study productivity so much of the year that is has revolutionary goals. It has systems that I've used to create my own success. And I knew it had already lots of traction 'cause if a couple thousand people are using it, I knew there was traction there. And so, the potential earnings if this product sold 10,000 copies was $7 per copy. That had, that was the opportunity to be the most successful, the most money I've ever made in my career. The most successful launch that I've ever had. And those potential earnings were huge, and because of that this was the first time that you'll see the advertising budget. Because I'm going into this knowing that this had some traction, that this has a customer base, I'm willing to invest $2,000 upfront before this product has made a dime. And I actually adjusted that up $1, during it's season because everything was going so well. I was on track to meet this goal, and I'm going to show you exactly how that played out in advertising your creative business, where I added that money, why it worked, and what I was doing to make it work. But let's look at the strategies that I was gonna use. While I knew December and February for the season of this product was going to have the strongest sales, my campaign starts with the launch in October. It always does. People know that Your Best Year will come out in October. Number one reason I did this is because pins will take a good six weeks to three months to circulate. To become as popular as they can possibly get. So in October, I'm blogging all the time about Your Best Year and New Year goals. It's weird because it's October, but by January, I'm the number one goal setting pins on Insta-- I'm sorry Pinterest. So I also know that I want, oh and then also while I'm blogging, I'm doing very soft Facebook boosts. So I'm doing like where you can boost like five to $10 to get in front of people. I want to make sure everybody sees those posts because I want to make sure everybody knows Your Best Year is coming. And I also want to get this book into it's ideal customer's hands as soon and as early as I possibly can in this launch campaign. So I reserve $500 of the advertising budget, and it's not for ads, but it's actually to get the book into the hands of the clients that I'm already working with. So I have a membership club called the Luminaries Club. I open that up. I say I want to send this book out to you, and I'm not only willing, I'm buying the book and I'm paying the shipping. I shipped it internationally, which I'll tell you what folks is not cheap because I didn't even realize when I set up the campaign that it was going to cost $ just to send the book in itself. But, every time I knew, I had this $500 budget. It was well used. And I loved actually sending mail to my clients. It's the first time we had that physical exchange where I'm a service and informational based business. So I did the paperbacks for free in exchange for their reviews because in addition to selling on Etsy, Your Best Year also sells on Amazon.com. So I send the book, and if you don't mind leave me a review on Amazon.com in exchange, which they were happy to do so. Everybody was happy to do so. So again I'm, at the same time I'm sending these out, this is early. It's long before Your Best Year's launch date. I'm also boosting posts. I'm talking about how to create your best year yet. I'm talking about how to make the most of 2016, and I'm doing a little boost here and there. I'm not spending much money. So this is similar to the presale exclusive. This is something that I added to Your Best Year's campaign this year that I'd never done before. I bundled an amazing offer for Your Best Year. It was a value of $ with everything in it being full retail. It was a combination of the book, the digital files, the wall planner. Books from Your Best Year 2015 was included. It was a combination of physical items and digital items, but it was everything that had to do with that particular theme bundled together. Retail value for that bundle was $117. I had it for sale in my Etsy shop for $39. And the week before Your Best Year launched, I emailed my list a 40% off coupon, and they got the digital file, the paperback copy by itself, or they could buy that bundle for $21. And already that was a list only promotion, but already in October I have that book into all of it's most interested customer's hands. I requested the reviews, and asked that they be in by October 20th, which was the launch date for the product. So by the time the book officially launched, I'm well into the middle of the campaign and the book is already getting five star reviews on Amazon.com. It still holds five start reviews today. Well like 4.7, let me be honest. (audience laughs) So right there, people think of the launch, or they think of the sale date, as the start of a marketing campaign. But you can see here, I'm deep into the middle of the campaign. In October, this book is already into thousands of my dream client's hands. I probably have matched the sales of Your Best Year 2015, and the season has yet to begin. It was a great season for Your Best Year. And in December, I got into the thick of online advertising. So, I mentioned this before. What I did from December 15th to January 15th was take about 16 pages, maybe 17 pages of the book, and bundle them as a free sample. Again it's 150 pages long, so I'm giving away less than... I'm not gonna try to do the math, but I'm giving away a tiny bit. And I signed up with Leadpages. I finally made that leap so that I was getting instantaneously emails for the opt ins. The total spend in that thick of that advertising campaign was $1500, and it was the most I'd ever spent on a Facebook boost before. I took out several ads at about $250 each. So I was really going hard at a particular market, all things we're going to talk about in advertising your creative business. But at the same time, with the opt in and the sample of the book, I was also building my list, which was invaluable. I think I was, I more than doubled my average opt in that month. So overall with that opt in, I think I've gotten about 4, new subscribers from that opt in, let alone the sales. That advertisement, the opt in and think of the advertisement there, was converting at a whopping 10%. And like I said, most industry conversions is two to 3%. But the fact that this ad was converting people at 10% was phenomenal, and that right there is when I decided to up the budget by $1,000 because you can't beat it. Like I don't think that I, it gets better than them. So again I'm gonna walk you through that ad campaign and how it all works in advertising your Etsy shop, er advertising your creative business. But I spent the last of my advertising budget on promoted pins. So again I want to tell you about the exposure. That was a hefty budget for me to invest upfront. I was nervous every time I went to the post office with my free bundle of books, and I walked out with a $300 receipt. I was nervous every time that happened. Did I know it was gonna work the first time I launched it? Did I realized that, did I think I, did I know for sure I was going to get the return on my investment when it came with Your Best Year? Absolutely not. Was I worried nobody would want it? Was I worried that while I thought it was a revolutionary tool, maybe it wouldn't relate this year? Yes absolutely. But did it only get better? Yes. And the most you repeat a campaign, the most you have the opportunities learn from it, and the better chances you have of improving it. I have a question Lisa. Okay. When you gave away several copies of it to the people in your club for instance, and you talked about the hefty mailing. Did you have a formula in place on how many you were gonna give away? No. Okay. And, with the membership, even everybody is international. A lot of people are international as well as U.S. based, and everybody would ask does that apply to overseas. And I said yes, again, not realizing what it would cost, but now not regretting it at all because I really, it wasn't even about the reviews. It really was about the joy of getting that into their hands, actually getting to mail them something physical because they're not customers to my product based business. I loved being able to just fill out the envelopes, which I hand addressed myself because I didn't have shipping labels for it. They weren't purchases. So I loved writing all their names. I loved putting them in the mail. And I don't, yeah please. Did you find that that initial boost of getting into those people that cared about it the most, did that help, did they kind of market it for you at that point because they were such raving fans of it to begin with? Do you think that helped to like boost your ultimate sales? Yes I do. First of all there's a lot of social proof in it, and then, for example, you were a Luminaries Club member and you're talking about it and you're growing your Instagram following it. So all of my clients are growing businesses at the same time. And if you looked at hashtag YBY two zero one six, you would see how many people have that, you know are using it and out there talking about it. So yeah I think the fact that they were going through it, you know the other thing it I don't know it's a winning product until actually somebody else uses it and then tells me what they think. I can think it's great, but then at the end of the day, I've looked at it so many times, I'm not sure. It could just be what I've looked at everyday for the last, you know, two months. And so when I get that initial feedback, and now I'm staring to have testimonials that I can use. And I have five star reviews, and it continues to have five star reviews, but 4.7 on Amazon.com. (audience laughs) Then I know for a fact that, you know, that's helping. It gives me more confidence to go into it's heavy marketing season saying people are raving. Oh my gosh. I had one review that came through on Etsy that said, "Oh Lord Jesus buy this product." (audience laughs) And so I took that, and I needed to share that all over social media 'cause oh Lord Jesus was in all caps. She was screaming, "Oh Lord Jesus buy this product." So yeah. That really helps. It really helps. Well speaking of all caps review for your book. So Little Girl's Pearls in the online chat says in all caps, "YBY 2016 is amazing." Double exclamation point. "A serious game changer. "There's no where to hide. "There's nothing you can do "but succeed if you follow through." And Lindy Goto says, "No question but just want to say you need to get," in all caps, "you need to get Your Best Year planner." In all caps. "Best planner I've ever bought seriously. "It's a workbook and a planner, fabulous." Yeah. Yeah. Carry on. And there's a couple of us in here that have gone through the process. And I think what I love about it and what I loved getting feedback is is that there's challenging parts in there. Sometimes it's not pretty because you're really asked to look at things that aren't working in your life or aren't working in your business. But that's the glory of it because when you come out on the other side with improvements to make or ways you can enhance, that's what was one of my favorite things about it. Yeah. It's fun. Great. So it sounds like an amazing book. Just as a followup, if you could tell people how to get it if they want it now. Oh please. Yeah. It is on end of sale clearance, especially with me. You can go to marketyourcreativity.etsy.com. That's where you'll find even paperback copies 'cause I have my own supply of them. They're marked down to this season end clearance. I'm actually doing a product haul. Everything is on clearance there now, and so you can bring that book home. I believe the digital copy of it is $7.50, and the paperbacks run as low as $10. And I still have those bundles running, so you can get a lot of digital files and the paperback itself if you want to get that as well. But excellent prices there and five star reviews, except for Amazon which is 4.7. You can go get that book. Great. Thanks so much Lisa. And to follow up on the question I had before. I just want to close that piece out. So you didn't have a formula in terms of how many people you gave the book free to. But can you give us an idea how many people were in your club that you offered that free book to? Sure. Sure. I think at the time of the offer, I have an estimate of about 150 people in my club. And I believe about 40 of them took my up on that offer and asked for the paperback copy. A lot of people don't use the paperback copy. A lot of people like to print them out themselves. So they took me up on the paperback should they choose to use that one, and then have the time to review it as well. Alright great. Thank you. Yeah and it was a great investment. I wouldn't do a thing differently about it. So using my Your Best Year example in what I can expect from that marketing campaign, it not only brought my new customers, it also brought me new subscribers and it brought me repeat business. There was a lot going on in that. We say either growth of profit. It brought me, it was a marketing campaign that brought me both things. And that's what a good campaign will do for you. It can usually do all three things at once. And when that is happening, then you know it's time to invest in it and believe in it, and boost it with paid advertising.

Class Description

Bringing your creative business to Etsy® can tap you into the wide online market, but it isn’t as simple as setting the product of your hard work in the store window and waiting for customers to wander by. To make your online storefront irresistible to customers, you have to learn to showcase your products effectively.

Join creative marketing guru Lisa Jacobs for three in-depth sessions on how to use Etsy® as as it’s meant to be used - as a sales platform.  

Session 1: Build an Etsy® Storefront That Sells
You’ll learn:

  • What it takes to get your Etsy® shop found online
  • How to avoid common Etsy® mistakes that are hurting your sales
  • How to fine-tune your storefront to attract visitors and convert them into buyers
You’ll learn to give your business new energy, especially if you’re struggling to stand out in the crowded online marketplace or dealing with long droughts without a sale.

Session 2: Market Your Etsy® Shop to Sold-out Success
You’ll learn:

  • Talk about your product in a way that gets people excited to buy
  • How to gain big exposure for your brand and products
  • How to create a consistent business plan with predictable results
Get paying customers to your Etsy® storefront using simple, proven marketing strategies. No far-fetched theories, generalized blanket statements, or big business comparisons here - just specific, direct training for creative business owners.

Session 3: Advertising for Creative Business Owners

You’ll learn:

  • How and when to build an ad campaign into your marketing strategy
  • How to create a successful ad campaign that attracts the right customers
  • Where and how to advertise your products
Etsy® is a great sales platform, but only as long as you are able to get the word out about your brand and your products. Build a successful advertising campaign into your marketing strategy, and bring your small business to new customers.

Reviews

kathleenc
 

The course was really practical and organized very well. Each day built on the previous day and had solid, actionable recommendations. I am just starting my Etsy shop and feel like I have a plan for moving forward with some confidence. Lisa is charming and very real and her enthusiasm for supporting businesses is engaging and very encouraging. She wants us to be part of the tribe and I appreciate that! Thanks Lisa and everyone at Creative Live for more great "Mini B-school" lessons that I can use for my online business.

TheRecycledLibrary
 

Thank you thank you thank you! I have been going about the "daily scramble" for years - with ups and downs along the way and this course has been a true eye opener for me. The message of consistency and brand cohesion as well as deep respect for my customers will surely stay with me and help my business continue to grow. No matter what stage you are at in your creative business, Lisa has something great to teach! Highly recommended!

Kaitlynd B Zimmer
 

Lisa has so much personal energy and friendly personality its hard not to fall in love with her! Her extensive experience in the industry from ground up growth was a pleasure to relive through her hilarious trial and error comments. Overall what I came away with was taking action is the only way to grow and learn what works for each individual Etsy shop. And to make those actions pay off get your self out of your comfort zone! The section on SEOs was a huge eye opener! Thank you Tim for shining the light on areas I has not even aware existed before. I feel I now have the tools to build the strong and engaging Etsy shop that can become the success I dream of. Thank you! Kaitlynd B Zimmer