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Results from a campaign-based sales funnel
May 11, 2017
8:51 am
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We recently ran a sales campaign for an artist to coincide with a tour. (John, you might remember that I asked a question in a coaching call about running sales funnels for other artists and you were firmly against the idea - well, we did it anyway Laugh)

We imported subscribers from the artist's existing list (which was on Mailchimp) and set up an Aweber opt-in form on her website. She drove traffic to the opt-in form by handing out free download offers on postcards at her gigs. We also promoted her free track offer to our list. 

The results for the campaign are:

Imported subscribers                                                  738

New subscribers                                                         421              58% list growth

Total subscribers                                                       1159

Less unsubscribes (excluding customers)                       182              16% unsubscribe rate

Net subscribers                                                           977

Customers                                                                    61              6% purchase rate

 

We ran a 6 email sequence with the offer made in email 4. 

Open rates for the existing subscribers were consistently c45% and the open rates for new subscribers dropped steadily to c55% by the end of the campaign.

 

Sales Results:

One of the main challenges with this artist is that she doesn't have a significant catalogue of music that she has released independently. She was previously signed with a big label and the rights to the music she released with them aren't hers. She released an album last year, but it was a Christmas collection (hard to sell in April!) We had to get creative and encouraged her to pick out the least seasonal tracks from the album plus a couple of unreleased tracks that she had available (one live, one demo) to create an exclusive collection.

The sales offer that came out of this was a seven-track bundle including priced at £7.95 - we sold 47 of these. 

We added an upsell of seven tracks from another artist, at a combined price for both collections of £14.50 - we sold 14 of these.

So the total revenue from the campaign was just short of £600. The direct costs of the campaign were the Paypal fees and the costs of printing the postcards, which was less than £100 in total.

The campaign ran for two months, the first month coincided with the tour, so the second month was much quieter (although she had a few additional gigs and continued to hand out the postcards).

There was very little social media activity from the artist through the campaign. Interesting, though, the artist posted on her Facebook at the end of the campaign to thank us for our help and reminded people about the free track offer (which is still available, although we have closed down the sales funnel that runs off it) and we got another c20 people sign up!

I'd love to get feedback on these results - how do they compare with others' experience and are there any areas that stand out as good or poor performance? Is there anything in particular that we should use as a benchmark to measure our performance?

Deb x

May 12, 2017
3:12 pm
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Philadelphia, PA
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Hi Deb,

So all in all, you spent less than $100 to make $600?

May 12, 2017
3:29 pm
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Yes (well, its £ not $ but these days they're more or less the same thing!) The only promo spend was the price of getting some postcards printed with the free track offer on them and a link to the artist's website (the opt-in form was embedded on her home page). Plus the usual Paypal transaction fees. Once the funnel was set up we just watched the money coming in.

Although it's not a bad return on investment for very little risk and low effort over a couple of months, I wonder what we could achieve with some advertising, an attractive squeeze page and a fully optimised sales funnel. 

How does it compare with the sort of results you'd expect to see?

May 15, 2017
12:35 am
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Hey Deb,

Congrats on the successful experiment. The normal conversion rates I see from people who have a decent handle on things is 4% - 6%. So you're right in there. However a 6X return is extremely good. Most are lucky to double their income. 

I don't really remember the conversation about managing campaigns for others but I still sort of stand by it. It's not that doing so is a terrible idea, it's just that I think you are better served putting this energy back into your own project. Otherwise you risk becoming a marketer rather than a musician. Ask me how I know 🙂

But hey, if you can manage it, you enjoy it, and it's worthwhile financially, then more power to you.

Great job.

Having trouble with your marketing? Wish you could have an experienced direct-to-fan marketing expert look over your actual campaigns, music, or content and offer feedback? Or perhaps you’re just looking for a little one-on-one assistance so you can ask questions that pertain to your specific goals and get a second, more experienced, perspective? Click here to book a session with me now.

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