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5 Strategies to Revive Your Launches and Boost Revenue

26 August 2024

If your recent product launches aren’t bringing in the revenue they once did, you’re not alone. Many entrepreneurs and business owners are noticing a decline in their launch performance, despite following the same steps that previously worked. Even with growing audiences, sales may still be lagging. So, what’s changed? How can you revive your launches?

The answer is simple: you’re doing the same thing you did before. But the landscape of launching has evolved, and so have your customers. They’ve seen the formulas, they know the tricks, and they’ve become savvier with their spending. In 2020 and 2021, a simple webinar and a series of launch emails might have been enough to drive sales. But now, that approach just won’t cut it.

So, what can you do to get your launches back on track? Here are five strategies to help you adapt and succeed in this new environment:

  1. Reevaluate Your Offer

What worked a few years ago might not work now. People have shifted from buying “nice-to-have” items to focusing on “must-haves.” The economic challenges of recent years have made consumers more discerning about their purchases. Your offer needs to be something they can’t afford to wait for—it has to be a necessity.

This doesn’t necessarily mean you need to change your product. Often, it’s about adjusting your messaging. Why does your ideal client need this product right now? What makes your offer so irresistible that they can’t pass it up? Start by critically reviewing your offer to ensure it aligns with current customer needs.

  1. Assess Your Audience

Take a close look at your audience. Are they still the right fit for your current offer? Also, consider how much your audience has grown since your last launch. A common mistake is to assume that because your audience size has increased, your sales will too. However, if you’ve offered the same product before, those who didn’t buy last time are less likely to buy this time.

For example, if you need 10 sales and your conversion rate is 1%, you’d expect to need 1,000 people in your audience. But if you had 1,000 before and now have 1,200, you’re actually only launching to 200 new potential buyers, not 1,200. This drastically changes your expected conversion rate and sales figures. Be realistic about who in your audience is likely to convert.

  1. Turbocharge Audience Growth Pre-Launch

Audience growth should start 3-6 months before your launch. However, you can also give your audience a significant boost as part of the launch process itself. I call this the “ultra-build,” and it’s a strategy that has added 3,000-6,000 new subscribers to our list during the month of launch.

A simple lead magnet might not be enough anymore. Instead, offer something that your audience really wants—something they would be willing to pay for. Pair this with a strategy to maximise your outreach, making it an integral part of your launch rather than a separate effort.

  1. Plan Multiple Launch Events

Gone are the days when one webinar and a few emails were enough to drive sales. In my launch framework, I recommend having at least three different events that cater to different buyer needs using psychology.

Not everyone buys for the same reason. A single webinar might only address one problem your product solves, but your audience consists of diverse buyer personas. I’ve identified five distinct types of launch buyers, and I target all of them using my Performance Personas Model. By offering multiple events in different styles, you can engage a broader range of your audience and significantly increase your sales.

  1. Sell Throughout the Entire Launch

The old approach of selling in the last five minutes of a webinar, challenge, or live session is no longer effective. Today’s audience doesn’t have the attention span to wait for the pitch. Instead, weave your sales messaging throughout the entire launch period.

This doesn’t mean you need to open your cart right away. Selling is more than just asking for the sale—it’s about addressing objections, building anticipation, and showcasing the value of your offer from the very beginning. Your audience knows you’ll be selling something, so being transparent and using ethical selling psychology will make them more comfortable and more likely to buy.

These are just a few of the adjustments I’ve made in my multi-million-dollar launches over the past few years, as well as for my clients. Don’t be afraid to shake things up. Sometimes, just a few strategic tweaks can make all the difference in reviving your launch results.

We teach all about launches in One to Many. Get all the info here.