Alex's specialty is web traffic conversion. He advocates
using tested, principle-based tactics to increase your web
sales.
The presentation starts off with a true story about an
experience Alex had watching a woman feed pigeons in
MacArthur Park in LA. He noticed that the birds were a bit
skittish when the woman approached so she took the time to
'let them get to know her' by demonstrating a lot of
patience. Once the pigeons were comfortable with her, they'd
come to her regularly. He parallels this to a young,
impatient boy that also tried to feed the pigeons but chased
them rather than attracting them and quickly gave up.
Alex points out that we should also attract our prospects
rather than chase them. In the way that we wouldn't ask
someone to marry us the first time we met them, we shouldn't
go for the sale right away, too. Instead, we go for what
Alex calls the 'soft-yes'. We get them to download a sample
of our product or sign up for our ezine and get to know us
before making a purchase.
He goes on to explain the difference between principles and
tactics. The main difference is in terms of endurance.
Tactics come and go but the principles they're based on are
timeless.
Next, Alex explains what he calls drivers that transform
visitors into customers. The five primary drivers are:
Baiting: luring first-time visitors to opt-in.
Bundling: using add-ons to increase your average order
size at no added cost.
Recycling: boosting your value per visitor using things
like exit pop-ups that take visitors to a comparable product
through an affiliate link.
Gifting: Bonus gifts, opt-in gifts to capture sales.
Engaging: Keeps visitors on your website longer to lower
resistance.
Alex also speaks on the importance of having a high VPV
(value per visitor). In other words, if you have a product
that sells for $10 and 5% of your traffic buys, then you
have a visitor value of 50 cents. Alternatively, if you have
a $100 product and convert 1%, your VPV is $1. The higher
your VPV, the better your chances for getting affiliates and
joint venture partners.
The balance of Alex's talk is reviewing case studies and
showing you these principles and tactics in action. He gives
URLs of the examples so you can logon to those sites and
follow along at home.
Alex Mandossian was one of the featured speakers at The Big Seminar in Dallas
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