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Module 2: Part I: Who Are You Selling To?: The Hot Market
Module 2: Part I: Who Are You Selling To?: The Hot Market
In E xpert Secrets, Russell talks about finding your subculture within a hot market. For a funnel
to be successful, you need a hot market! That means there are people willing to buy.
But like most hot markets, they are crowded. So filtering down your market until you have a
sub-culture or sub-niche is super important.
So now it’s your turn. Before we create our offer, let’s get clear on our
niche.
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BLUE OCEAN NICHE: ________________________
Here’s where you really dial in what your unique identifier is. You can make a sub hot market a
blue ocean niche simply by calling out a certain type of person, a certain environment, tool, etc.
In the food example, we said organic eating is a hot market. It becomes a blue ocean niche
when you say “organic crockpot meals”. Now you’ve mashed up crockpots with organic, and
there will probably be recipe books on organic meals and recipe books with crockpots, but not
organic crockpot meals.
Disclaimer: If you decide to jump into a red ocean because you want mass appeal (so say you
want to do a general Facebook Ads course or a marriage bootcamp), you will have to spend
TONS more time and money competing with the huge names in the industry, so be prepared for
that. You will get a small piece of the pie, or the crumbs, but rarely will you have enough capital
to dominate the market.
Knowing your financial and business goals is critical. Do you want to make $10-$20k a month or
become a multi-million dollar empire?
In the Marketing Secrets Podcast, guest John L. Dumas talks about the importance of really
writing out who your customer is, down to what they wear and what they do each day. The more
specific the person in your mind, the more powerful your messaging and copy will be.
Once you’re done, it’s time for you to write down your ONE perfect client and customer. Here
are some questions you can answer, but don’t let it stop you from doing more!
1. Gender:
2. Age:
3. Hair Color:
4. Eye Color:
5. What Kind of Clothes Do They Wear:
6. Where Do They Live:
7. What Kinds of Foods Do They Like:
8. Where Do They Work:
9. What is Their Relationship Status:
10. Do They Have Kids?
11. What is Their Biggest Dream:
12. What is Their Biggest Fear:
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The Customer Journey
In D
otCom Secrets Russell talks about the difference between cold, warm, and hot traffic.
● COLD TRAFFIC is only problem aware. They don’t know anything other than the
problem or pain they face.
● WARM TRAFFIC is solution aware. They know their problem and they know the
solution.
● HOT TRAFFIC is you aware. They know the problem, the solution, and about you (the
person with the keys to the solution). They just haven’t purchased yet.
Let’s take a look at the customer journey at these three points in time.
● COLD TRAFFIC: The Jewelry Maker can’t sell enough jewelry to make ends meet. She
is sad. She doesn’t really know how to get more leads.
● WARM TRAFFIC: The Jewelry Maker sees her problem and knows that Facebook is the
answer. She doesn’t know you or how to do it, but she sees ads in her feed and wants to
try it.
● HOT TRAFFIC: The Jewelry Maker sees her problem, knows Facebook Ads are the
answer, and has in fact seen your ad for your course, she just hasn’t purchased yet.
Scalable funnels are funnels that speak to COLD traffic. You can also have funnels that speak
to WARM traffic, but those funnels usually need education before the funnel converts.
If you’re thinking about your customer at these three points in time, the front end of your funnel
will look different.
I had a client - he was selling a course on Amazon FBA. His c
old traffic audience were military
guys who want more money, but have an inflexible job and are constantly moving. A funnel to
them is going to be more about educating them on the flexibility and profitability of FBA than
anything else.
His w
arm traffic audience happened to be people who KNEW about Amazon FBA and started
dabbling, but weren’t having luck.
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We had to make TWO funnels because the people who are problem aware need something
different than the people who are solution aware.
The difference might not be that drastic in your niche, or it may be...so map out your customer
of ONE and where they are in their COLD vs. WARM journey.
All of these details will become super important when we start picking our funnel strategy!
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