Email marketing used to be a simple endeavour with fruitful results. Marketers would post content on the web and include a section where viewers could enter in their email addresses if they wanted to see more content or subscribe.
As the internet has continued to grow and dominate the advertising world, however, fewer and fewer people volunteer to be bombarded with sales.
Fortunately, industry leaders have grown with the times. Realizing that consumers would need some form of incentive to type in that email address and subscribe, marketers began offering enticing perks to get leads, typically known as lead magnets.
Crafting an effective lead magnet is important because in the modern advertising climate you have to convince your consumers why they should care about your product.
Simple curiosity won’t go very far, but by following these simple techniques you can massively increase your subscriber’s list.
What is a Lead Magnet?
A lead magnet is anything that you offer to users to try and make them enter your marketing funnel. Most often, this means giving something away to convince users to sign up to your email list.
Essentially, there are two categories of lead magnets:
- Premium content,
- Exclusive offers and discounts.
So, you might give away a free ebook, or offer a percentage off a purchase to anyone who signs up to your mailing list.
Either way, the goal is the same. That is, lead magnets solve a crucial problem for digital marketers. The reality is that a large proportion of users won’t make a purchase when they first visit your site.
Lead magnets overcome this by helping you to maintain contact with your users and create more selling opportunities.
Let’s take a look at what you can do to ensure this works.
Research Your Lead Magnets
To create an effective lead magnet, you have to offer something of value to your audience. The only way you can know what your audience values is to do some research. Afterall, you need to know what your users really want.
You can go through the guesswork of sending out surveys or track the SEO of your niche market, but the best way to find out what your target audience values are is to see where they spend their money.
People pay for value, so go where the money is. There are some very simple ways to do this:
- Look at the most purchased products in your niche.
- See what products online marketplaces pair with products in your niche (like “people also purchased” and “people also viewed”).
- Look at the prices of your competitors’ products. The most highly priced items are most likely the ones consumers perceive to have the most value.
Once you see where consumers place their value, you can begin to package lead magnets based on this information. Keep it relatively short.
You’ll likely find that your most expensive products have the highest drop-off rate. If this is the case, you might consider offering a discount lead magnet for these to increase the volume of sales.
Alternatively, say your business sells boutique clothes. If you did an Amazon.com search and found that people frequently purchased several complementary clothing items of the same brand at once, you can assume people value the taste of that brand.
As an effective lead magnet, you could offer something that would validate and bolster that value: a free guide to mixing and matching your wardrobe (which would include items you sell).
Answer Your Customers’ Questions
More research for effective lead magnets is already right in front of you, sitting in your comments section and on your subscriber’s list.
If your content has any sort of comments section, you have before you an actual platform where potential customers tell you what they want.
This is especially important when it comes to creating premium content, as you can tailor your lead magnets to the problems your actual customers face regularly.
Of course, there are always outliers, but if a vast majority of the comments all say the same thing, you know in what direction you need to go. Happy customers will freely choose to opt in for emails and will be more likely to share your content with others.
An audience that feels ignored or undervalued will not subscribe to your content, no matter what you’re offering in return, whether it’s a 40% off coupon or special access to content.
An often-overlooked source of information will come from your current subscribers. Simply ask them what kind of content they want to see more of, and you’ll be surprised at how much free advice you will receive.
Generally, you should only ask one question pertaining to what they want to see.
Create Compelling Content People Want to Read
This is the most important thing any website owner can do. Compelling content is the foundation of a successful website. When you offer content that is fresh, or original, that people want to read, you won’t have to work hard for a subscription.
Make your content stand out from the rest. Write from an unexplored perspective, promote your brand in a unique and engaging way, anything that sets your website apart from the millions of others on the internet helps.
The key to any successful web content is providing something that users will actually find valuable. This means trying to give them actionable advice and solving concrete problems. Of course, if you can do this in a way which promotes your product, even better.
Very few people subscribe to content that they can receive from countless other sources with a quick Google search. You want loyalty and you want subscribers. You get those things when you put forth the work to create an excellent website with engaging content.
Make Your Content Visually Appealing
One way you can ensure your content stands apart is by sprucing it up. So many people become hung up on the meat of the content, but if you sloppily put it together and publish it on a boring web page, then you’ll find it difficult to attract any readers.
Strong content still must be presented in a professional manner that is also easy for the audience to take in and intuitive for the audience to navigate.
Many people are immediately turned off by a website with a thousand pop-ups, tacky ads, and fonts that are difficult to read. The same is true for a website that is all black and white and full of lengthy paragraphs.
Content must be easy on the eyes for any audience, young or old.
The good news about sprucing up your content is that you really only need to focus on the aesthetics and how appealing it is to the eye. The content is already there, it just needs to be reformatted and represented to your audience.
Strong content that is presented in a professional manner builds your credibility with your audience. Adding stimulating visuals to text and turning it into a PDF file. Then your content looks like a free eBook (a valuable offer!) instead of some bullet points.
Page-Specific Lead Magnets
Of course, lead magnets are only effective if people actually sign up to receive them. One of the most important things you can do here is to align your lead magnets with the right pages on your site.
So for example, if you have a handful of blog articles on your site which drive the most traffic, it makes sense to create targeted lead magnets for these.
There are many different types of lead magnets, but the specific lead magnets usually perform the best. Your lead magnet should also be valuable. A specific and concise lead magnet that doesn’t offer much, won’t get you many leads.
To come up with the best lead magnets for your website, you will have to understand and know your audience well in order to entice them into email opt-ins.
Always leave some ambiguity with your lead magnets, just enough to push your curious reader or customer over the line and into a subscription. For example, if you run a pet store and your blog post is about how to train dogs, don’t offer a lead magnet for cat food.
Similarly, if you’re offering web design services, including a lead magnet for how to make a great website, without giving away too much free content.
How to Create Effective Lead Magnets
Lead magnets are necessary now that people see dozens, if not hundreds, of advertisements a day. You have to offer value to someone that they can’t find anywhere else.
Most users won’t make a purchase the first time they visit your site.
You have to make your content worth their time. Competing for the attention of your consumers is tough, but great lead magnets can cut through the noise and boost your brand like nothing else. Speak to us today to find out more.