Launching


21
Mar 13

3 critical, non-obvious ingredients for ANY launch

Once upon a time, in a land far away, a girl named Amy nearly botched a launch worth over $100,000.

How did she do this? With a single, solitary email, reading…

“Hey, doors are open! Buy your seat now!”

That’s how most folks launch their products. It’s easy, and it’s wrong. And one time, I tried to launch my 30×500 Product Launch Class that way.

I made a single sale in 24 hours. One single, solitary sale.

Never before had I failed to sell fewer than 30 seats in the very first day. Never.

And so there I was, 24 hours later, with 74 empty seats. At the time, each seat cost $1,450, and there wasn’t even a trickle of sales, there was just one sale, period. I was facing down the very real prospect of losing $107,300 of planned ticket sales.

I was freaking out. Was the market simply tapped? Cue dark teatime of the soul.

Once I stopped pitying myself, I realized: Maybe it’s not the market. Maybe it’s me.

Instead of using the launch process I’d always used, instead of doing it the way I learned over 10+ product launches, I’d gotten cocky. I sent that single email, just on the launch day itself, and then I sat back to await my sales. Like I said: Cocky. And easy. And wrong.

Once I came to grips with the idea that I had caused the problem, I realized I could fix it, too.

So I hit the rewind button

I swiftly took the ticket sales offline, redid the launch the way my own process dictates, and launched again over the next week. The proper way.

That second time, I sold $35,000+ in tickets in a matter of hours.

(Surprisingly, nobody said a word about this whole fumbled, launch-it-again approach. Cuz… nobody noticed.)

The class went on to sell out, completely.

Learn from my mistake… please!

I consider this experience my “A/B test” for my launch strategy and tactics. And lemme tell you, there was no doubt about which test won.

That story is one I tell in every 30×500 semester, and one I repeat especially to students on the verge of launching.

That’s because launching the wrong way — “Hey, look! We’re live!” — is the easiest, simplest, most seductive way to launch. But, of course, it doesn’t work. And a busted launch can lead you to give up. You may believe things like “Maybe the market is saturated,” when, in fact, the only thing that was saturated was your soggy launch, soaking in ego and laziness.

But enough about bad launches. What does a good launch look like?

The 3 critical ingredients for any launch

They’re super simple. Ready?

  1. Slow build-up
  2. Inherent value
  3. Path of logic

SIP! Like champagne! That you break… on a ship… that pours into the ocean… ok, maybe my mnemonic needs work.

Regardless of how wanting is my phraseology, these are the three elements you cannot dispense with if you want to launch successfully.

Why?

Because of how people actually buy things

Because people don’t suddenly see a new thing, then bam! decide to buy it. People simply don’t behave this way, nope. Not in large enough quantities for your launch.

The typical potential customer is full of doubt:

  • They’re unsure if they want what you’re selling.
  • They’re unsure how it would help them.
  • They’re unsure if they should trust you, if you’ll deliver.
  • They’re unsure if the price is reasonable.
  • They’re unsure if they should buy now or wait til later, when the need seems more pressing, or when they remember it again.

And that’s assuming they even read your launch announcement. Assuming they don’t say to themselves, “I’m busy, I’ll come back to that later.” Which is not a safe assumption at all.

Aren’t those just “objections”?

Countering ‘objections’ doesn’t solve this problem. I don’t care however many times copywriters tell you it will, ‘handling’ objections just slaps a bandaid on a broken process.

For these doubts to be objections, the potential customer has to already want to buy… but something is holding them back.

That’s not the case for these fundamental doubts.

How SIP solves this problem

SIP solves the problem by helping your potential customer decide if the product is right for them, if they want it, if it’ll help them, if they trust you, if they should buy it right away… before you ever offer the product for sale.

And if you use it right, it can even help you use (indirect) customer feedback to adjust and improve your launch strategy before your launch falls flat.

Slow Build-Up

What are you more likely to say “Yes” to — “Can you decide this by next week?” or “Can you decide this right this second?”

Most folks hate to be rushed. They don’t like being put on the spot. They like acclimating to major decisions by degrees. That’s because they’re smart.

Think about the last time you decided to buy something based on a cold-call, if you don’t believe me. Even if the cold-call was totally trustworthy, nobody likes a surprise intrusion much less one that demands immediate attention and a decision. We’re busy, we’re thinking about other things, we don’t have the headspace for it, so we put it off… and often we forget.

We all know this is true. So why do we launch in exactly this way?

Slow build-up is about honoring the way people actually want to make decisions, and making it work to your (and your potential customer’s) advantage.

If you do it right, “slow” means over a period of weeks. Yes, weeks!

Inherent Value

Who are you more likely to hire: the nice person you see every week at the user group, who’s given talks there about the subject area you’re hiring for, who’s given you free advice that totally worked… or a stranger who just sent you their résumé?

The known — and trusted — quantity, right? Naturally. We all hate risk and we love feeling safe. And this explains the need for Inherent Value.

So what do you do over those slow build-up weeks? How do you reduce risk and create a sense of safety? What do you build up with?

Valuable content.

You want your launch process to be chockfull of goodies — information, freebies, live consultations, whatever — that are so good, your potential customer is delighted to hear from you.

Give them things that make them smarter, stronger, better. Yes, for free. Yes, your (pre)launch content has to be useful and interesting, even if the potential customer never buys.

Think of each one as a mini-product in and of itself. And then give it away.

Why? Because this is how you build trust. You show the customer that you understand their pain — and you can help them kill it. You show them you understand them. You show them you can help them. You show them that what you’ve got is good quality.

They learn, over time, that:

  • you get where they’re coming from
  • your emails are worth opening
  • your advice is worth following

Bam!

That’s a kind of trust and collaborative relationship you could never build by “countering objections.”

Path of Logic

Have you ever worked with somebody — a boss, a coach, a friend, a parent — who knew far better than to tell you what to do? Who, instead, wisely and deftly, helped you realize the right choice, and let it be your decision?

Keep them in mind, because that’s what your end goal is.

Our final ingredient is this exact experience. Path of Logic is really the strategy, and the previous two ingredients are tactics you used to implement this strategy.

Your goal is to build a logical path of decision-making, and then lead your potential customer down it.

That path will lead them to conclude on their own that yes, you do solve a problem they have — or it will lead them to conclude that no, you don’t.

Path of Logic is not about getting to yes, it’s about persuading the customer to take the time to consider your product at all.

Most folks can’t even get that much mindshare with their (failed) product launches. It’s like that old joke — “Tell me, what do you think of me?” “I don’t think of you at all.” That’s where most people’s products live: the zone of no-thought. The potential customer has no opinion, which is worse than a negative opinion.

If you can persuade a potential customer to take that time to consider your product long enough decide yes or no, you’re winning.

Putting it all together

And you do that by:

  • Slowly
  • Giving them valuable content
  • Showing them you understand their pain points
  • Demonstrating that you can help them kill the pain points
  • Persuading them to try your [free] advice, freebies, excerpts, tools, whatever
  • Broaching the topic of “If you like this free stuff, you’ll love my paid product”
  • Explaining more about how the product will help them
  • Counting down to when they can buy it
  • And finally, launching your paid product

SGSDPBECA… it’s that easy! (Please. Send help.)

Seriously, though, if you use this process in this way, by the time you actually launch your product, you’ll have plenty of customers trusting you, convinced that they want what you’re about to sell, and ready to buy. All before you slap a Buy Button on it.

It means you can launch in a respectful way, and a useful way, which creates and preserves goodwill… while also making sales.

It also diffuses launch day freakout, somewhat, because you know that it’s not One Day That Changes Everything, but a process that you’ll implement over time, piece by piece.

Want to learn more about how to implement all this?

I practice what I preach ;) And I’ve got something to offer you.

Want to see how this works in practice? Want insight into how you can make SIP work for you?

Learn how SIP works for real people and real products in my Launch Roundtable, on April 7.

What: A mini-conference
Where: 100% online! attend from your couch!
When: April 7, 12 pm to 3pm Eastern
Who: Me, Alex (my co-teacher for 30×500), and three of my students, Brennan Dunn, Brandon Savage, and Chris Hartjes. And you?

It just so happened that three of my 30×500 Launch Class students recently launched 3 products, all in the same week. What a great case study, I thought. And what a great opportunity to compare methods, approaches, results, and help folks learn.

And so we decided to put together the Launch Roundtable for you.

Our lineup:

  • Chris Hartjes, from 30×500 Summer 2012, launched his first 30×500-style product, a book
  • Brandon Savage, from 30×500 Summer 2012, launched his second product, a workshop
  • Brennan Dunn, from 30×500 Summer 2011, launched his fourth product, a big ebook/video/workbook package

You’ll learn how each of these launches went, how they were designed, when they were started, and what content was used. And you’ll learn how these guys changed their launch strategies from one product to the next, as they learned and evolved.

(In case you’re wondering, I’ve used the SIP approach to launch software (and so has Brennan). It’s sort of a coincidence that these 3 products are educational products, but SIP works on anything.)

You’ll also get:

  • an insider’s look at exactly how those 3 implemented the SIP approach for their “boring” products, leading to more than $36,000 in sales
  • the emails they sent and blog posts they used, and when
  • revenue breakdowns
  • the opportunity to ask your own questions
  • a recording and transcript to keep forever and ever

You can’t beat it. Tickets cost $179 if you buy by Friday Mar 22, and $199 afterwards.

And thanks to my launch process, there are only 35 seats (out of 100!) left at time of writing :)


20
Mar 13

“Launch Day” is a toxic idea

“Launch Day” is a toxic phrase. It’s all backwards.

NASA, after all, doesn’t decide which date they’re going to launch the rocket and then the day approaches and just BAM! There goes the rocket, and that’s that, they’re all done.

There’s always a countdown

There’s a countdown the day of (T-Minus 10, 9, 8…). And months before that, they start a different type of countdown, of all the things that need to happen to get that rocket off the ground. (And there’s lots of stuff that goes on after liftoff, too.)

Successful launches aren’t about a single day

Even though that’s what fits the happy lil montage in our heads (set to Eye of the Tiger, natch — or perhaps The Final Countdown), launch isn’t about putting something online.

Launch is really about coordination — and coordination requires preparation. (And your launch isn’t so much about coordinating with yourself/your team as it is about coordinating with your [potential] customers. Buying/selling is a team effort; it takes two to transact.)

Of course, we’re not rocket scientists…

But take this Launch Roundtable business, as an example closer to home.

Did I do a full-on Amy Hoy Launch Sequence™? Nope — for reasons I’ll reveal to you, if you attend. But did I just email you out of the blue and say “Hey, here’s this thing, buy your ticket right now?” Nope, I did a lot more than that:

  • I posted on my blog a couple days before.
  • I emailed my list the day before.
  • I emailed my list before I opened the doors.
  • Then I emailed my list again.
  • Then I sent this blog post as an email ;)

This is what works. 53% of tickets sold out in the first 24 hours alone.

Now, that’s no fluke

Alex has been pre-interviewing our guest speakers:

  • Brennan Dunn, who launched his fourth product
  • Brandon Savage, who launched his second
  • Chris Hartjes, who launched his first, following the 30×500 rules

Last night, I was reading the transcripts. (We believe in preparation!) They’re full of gold.

Like: How far out did Brennan start his launch process? 3 months. He started in December, and launched in March. His launch sequence included emails, blog posts, and presales.

How far out did Brandon start his launch process for his ebook? 10 days. Emails and blog posts, again.

Chris, too, started ahead of his actual launch day.

Why? And what? And how? And when? Then what happened?

And can you really “launch” a product after it’s already been online, available for sale?

These are the questions you’ll learn the answers to, if you attend our Launch Roundtable on April 7!

Remember, it’s internet only, so you can attend in your pj’s. It’ll be from 12 noon to 3 pm Eastern time.

Not only will you learn the answers to these questions, and have the chance to ask your own… you’ll also:

  • get a peek inside each of these launch processes
  • see Brennan’s, Brandon’s, and Chris’ exact launch emails and blog posts
  • see their detailed timelines, with dates for each pre-launch/launch content
  • learn how they built up their launch list
  • not to mention see detailed sales numbers, broken down over time

You’ll also get a text transcript and video recording of the event, to read/watch again at your leisure!

Wanna learn how to launch, and save $20?

Now’s a great time to register! Early bird pricing runs out this Friday!

Book your seat today

Want the details? They’re all here.

See you there :)

PS — We WILL be selling the videos afterwards, as well, but for the same price! Think of the live experience is a free bonus!


13
Mar 13

Learn All About Launches in My Online Roundtable

What do bootstrappers really need?

What’s stopping you from building, launching, selling? Or from squeezing more out of the products you’ve got?

Not facts. Not figures. Not how-to’s.

Oh, sure, you could always use more how-to’s and more stats. But that’s not what you’re really starving for. That’s not what’s stopping you.

That’s not why you vaguely suspect that something is missing. It’s certainly not why you feel alone and, perhaps, a little bit adrift.

What is it, then, that you really need?

Real life stories

You need the opportunity to watch your peers as they make it happen.

You need to be reminded that even the biggest bootstrapping icons like 37Signals once started with zero products.

How did they do it? What can learn from people far ahead of you? What did they do when they were in your position? What can you learn from people who are in your position now, or just a month or two ahead?

You need to watch people like you make mistakes — then persist, and overcome them, and win. Then you’ll know you can, too.

I swear, I’m coming to a point here ;)

Last week, three of my 30×500 students launched products

Three separate products!

Three students at very different stages in the empire-building process:

  • Chris Hartjes, from 30×500 Summer 2012, launched his first 30×500-style product, a book
  • Brandon Savage, from 30×500 Summer 2012, launched his second product, a workshop
  • Brennan Dunn, from 30×500 Summer 2011, launched his fourth product, a big ebook/video/workbook package

Their combined revenue? $36,000

Just for these new products.

They must be selling something sexy

That’d be the logical conclusion, right? For 3 (non-famous) people to bring in that kind of money in that kind of timeframe, there must be some kinda sexy, discover-untold-riches action goin’ on… right?

Well, you be the judge:

  • Brennan’s self-training package is about attracting clients with your consultancy’s web site.
  • Brandon’s workshop is about object-oriented PHP programming.
  • Chris’ book is about PHP unit testing.

Does sex sell? Or is there something more valuable at work here?

And, hey. Just how does a person drum up $7,000 in sales for a PHP unit testing book in a matter of days?

Join us and find out on April 7

On April 7, we’ll be holding a round table discussion all about product launches. Think of it as a mini-conference.

Alex and I will serve as your hosts, and Brennan, Brandon, and Chris will be our speakers. We’ll talk about:

  • how did they manage to build products on the side?
  • how did they launch?
  • no, really, how did they launch? details! lots of details!
  • how did the revenue break down?
  • what have they done better this time than their previous times?
  • what would they do differently, if they had the chance to do this over again?
  • how did they prepare customers to buy?
  • how did they deal with customer questions/concerns?

Don’t like our questions? No problem! You’ll have plenty of opportunities to ask your own.

We picked these speakers just for you

Of course, Alex and I have some stories to tell, too — but what’s great about our three speakers is that they’re like shades of you.

When you’re starting out, it can be harder to learn from people like us, who’ve been doing this for years.

Brennan, Brandon, and Chris, on the other hand, are in three different stages of starting out:

Brennan has been bootstrapping for nearly year now. (Check out his first income report!) He started with a subscription web app (Planscope) which is still growing. But SaaS grows slowly, and Brennan wanted to ramp up faster… so he began adding ebooks and workshops to his repertoire starting this past fall.

Brandon launched his first ebook, Mastering Object Oriented PHP, just a few months ago. To build on that success, last week he launched the Object Oriented Masterclass to give his customers more hands-on experience.

Chris just launched his second book — but the first one that followed 30×500 principles. (He came to class with his first book nearly done!) His new book, The Grumpy Programmer’s PHPUnit Cookbook has nearly equaled a year of sales of his last book, just in the first week alone.

That’s why we were so delighted that Brennan, Brandon and Chris agreed to talk openly about their launches, and to answer your questions.

We designed this conference just for you

Because we’d love to have you! Check out these attractive details:

Where will it be? Online! You don’t have to leave the comfort of your couch — because we’re holding it online.

Um, will I be on video? Nope. Feel free to stay in your jammies.

How long will it be? 3 hours — easily fit into the afternoon.

When is it? April 7, from 12 pm (noon) to 3 pm Eastern Daylight Time. Or: morning on the west coast, and early evening in Europe.

What do I get? For the price of your ticket, you’ll get:

  • Access to the round table (live!)
  • The opportunity to ask Amy, Alex, Brennan, Brandon and Chris your questions (live!)
  • A recording of the round table for your later perusal
  • A transcript of the recording, formatted for easy reference

Will there be lunch? No, silly. How could we send you lunch through the intertubes?

How many people can attend? We’re capping the attendance at 100 people. That way we can have ample time for questions.

How much does it cost? Tickets are $179 if you book by March 22, and $199 if you book March 23 or later.

Tickets go on sale Friday, March 15

And they’ll be sold on a first-come, first-serve basis! And the 1,400 people on my mailing list get first dibs.

If you’re not already on my (Amy’s) mailing list, you’ll want to drop your email in the box below:


You’ll get an email with details about when tickets will go on sale, and an invitation when they do!

More questions?

Ask @amyhoy or @alexknowshtml on Twitter, or drop us a line at baconbiz@slash7.com. We’d be glad to answer.


14
Dec 11

Dealing with the Emotional Turbulence of your Launch

Guest Post header template

The voices in my head have reached a fever pitch. It must be launch time.

Launching is an emotional game.

It’s so easy to construct elaborate stories about how this or that detail will lead to terrible failure or runaway success. It’s constant. Fully detailed worlds erected by nothing but imagination.

I’m in the midst of launching Hiring Gold. Hiring Gold is an infoproduct that teaches founders & small business owners an 8-week system for hiring awesome people.

My official ship date is December 19th.

It feels like I’ve been working on this forever, but it’s been about four months in reality.

Self-Sabotage, the Launcher’s Lament

I’m confident that Hiring Gold is a great product. I know it works because it’s a process I’ve used a bazillion times.

And yet… I keep sabotaging my progress. It’s like I have a secret hope for failure so I can go back to my humdrum existence!

Here’s an example of a boneheaded thing I did last week. I nearly published a landing page written in the “royal we.”

You know that thing, when micro-business owners try to pretend they’re bigger by saying “we”? I almost pulled that douchebaggy move myself. “We” did this and “we” did that, so listen to “us.”

I’m embarrassed to even mention this. I don’t know what I was thinking. My business is me. It’s just a lie to make it seem like anything different.

And here’s where I have to thank Amy for pointing out the big giant unicorn in the room. This is what she wrote to me:

Little companies don’t get anywhere by pretending to be big companies. There’s little worse than deciding to go with a little guy only to be treated as if you were going with a big guy…impersonal language, posturing, etc.

Most people WANT to buy from people they can know and understand. So by shielding yourself behind fake “we” you are undermining your message.

And you know what? She’s right. I KNOW this.

I wasn’t thinking, after all. That poor decision I almost made? ALL ABOUT FEAR.

Fear of taking the full responsibility for what I’m putting out into the world. Fear of the failure or success of Hiring Gold being on my shoulders alone. Fear of letting people down. Fear of being vulnerable. Fear of playing too small.

The Lizard Brain at Work

This is why launching is such an emotional game.

It’s so easy to construct elaborate stories about how this or that detail will lead to terrible failure or runaway success. Fully detailed worlds erected by nothing but imagination.

When you’re pinning your livelihood on a product, the lizard brain rears its ugly head. The lizard brain pleads for the safer option. It tells you to forget all this launch stuff and go take a nap.

But then where would you be? Without a launch. Without a product. Without a business.

A Plea for Balance

I’m learning that the trick to keeping an even keel is keeping those conversations with myself to a murmur.

Here are three things that are keeping me sane, tips I have to repeat to myself:

  1. Persevere. It sounds simple but just keep going. Don’t abandon your product. You’ll want to stop and go hide in a hole somewhere at least once a week. Be methodical about ticking off small to-dos, one at a time, and keep going even when you really really REALLY don’t want to.
  2. Keep good people around. Value people who tell you the truth (like Amy). Keep them close throughout the launch process. Having people you trust who are forthcoming (even if it hurts) helps to prevent self-sabotage and will hold you accountable. As soon as you tell others your plans, it is exponentially more likely that they’ll actually get done.
  3. Ignore the muck. Know that all the emotional stuff flying around your brain is just that: stuff. It’s meaningless. What matters is the doing. Getting your product out there will be different than any scenario you can imagine, good or bad, so put a cap on the dreams and get to work on your launch!

As I launch Hiring Gold, and as I get started on my next product for founders, The Underground Lab, the conversations in my head are beginning to feel less urgent. As things go on, I find it easier to resist the imaginary trip my ego is leading me on.

Does this mean I’ll have less emotional muck to contend with as I get more comfortable with the launch process?

Probably not. After all, you can’t run a meaningful business without actual meaning.

Editor’s note: This is a great cliffhanger! But from my experience, launching definitely gets easier. Thanks, Scott!

This guest post by Scott McDowell, an expert on designing organizations and a 30×500 alum (Summer 2011). His first product, Hiring Gold, is designed to help you hire awesome talent… and not have to learn the (very very) hard way.