Obviously, that idea of buying an ad and making a profit from a direct sale is long gone.
In fact, Google increased the ad cost while Brunson was advertising his potato launcher.
But this experience gave him an important insight; once you’ve captured someone’s interest, making a sale and moving on to the next customer is bad business.
You see, your audience needs you!
They might not know they need you yet…
They might not need you at this exact moment…
They might not be able to afford your services right now…
But they need you. And you have their attention.
You’ve captured their interest with your content. And if your content is relevant to your audience, so are your services.
So when Google’s ad cost went up and it was no longer profitable for Russell to sell potato-gun instructions, what did he do?
He started selling the instructions AND the materials. Increasing the value and the price of his offer.
As I was saying, if someone is interested in something you do or have, they’ll eventually want or need more.
For every problem you solve, a new one comes up.
Russell’s clients had the instructions, they knew how to make the device, but they still had to go and buy all the materials.
Is it fair to assume that out of everyone buying the instruction CD a good number of them never built their potato-gun?
Of course it is.
Let’s imagine that for some reason you really wanted to shoot some potatoes and purchased one of these CDs (nowadays it would be a digital course), would you be annoyed if they sent you a follow-up email asking if you’d like to also receive the materials for an extra fee?
You’d probably be thankful, right?
To send you an email, they’d need your email address.
If you’re posting content on LinkedIn, or any other social, you’re providing a group of people with helpful information.
By consuming your publications and following you, they’re giving you their attention…
And then, you just rinse and repeat.
Shouldn’t you be capturing their contact information?
Isn’t it your duty to help them further?
If you continue helping them, they’ll pay you for it, and you’ll have a profitable business.