SFR 103: How I Tested Before Entering...

 

Got a great question from a listener about how to test that a product could do well before you enter the market…

What's going on everyone? This is Steve Larsen and you're listening to a special episode of "Sales Funnel Radio."

Welcome to "Sales Funnel Radio" where you'll learn marketing strategies to grow your online business using today's best internet sales funnels. Now, here's your host Steve Larsen.

All right, guys. Hey, I am stoked about today, so, periodically ... wasn't as frequently as of late but recently I actually have been going through and I listen to a lot of the questions people are submitting on salesfunnelradio.com.

If you don't know what I'm talking about, if you go to salesfunnelradio.com and scroll down kind of at the bottom right there, there's a green button, and if you click that you can record a question to me straight off of your browser, an actual audio file. It emails that over to me and I go and I kind of vet through them to see which ones would apply most kind of the group.

Then, I can toss them out here. So, anyways, we've got one of those today though.

This is to a guy named Matt who has a special skill at the Rubik's Cube. So, anyways, I'm gonna play the question here because there's a lot of elements to this and I wanna make sure that everybody understands clearly how awesome of a position Matt is actually in this. But, I don't think he knows that.

Hey Steve, it's Matt here, hope you're well, dude. I've got a question I was hoping you could help me with. I've got an idea for a product or a company, which is teaching people how to solve the Rubik's Cube, but I don't want to be known as the Rubik's Cube guy or the puzzle guy.

Is it silly to think like that? Also, how do I know if it's a product that people actually want before I finally pull the trigger and get something out there? It's yours, dude.

Hey, Matt, thanks so much for the question. When I heard that, I think my eyes rolled back in my head and I was like, oh, yeah, this is the question. I love this question. Great, great question.

First off, just know that you guys can make a course off of anything. No joke. And it doesn't need to be ... if you got a special skill, whatever it is ... it's funny, because reading the book, like Expert Secrets, I think sometimes people might think that you've gotta be some highfalutin suit and tie-wearing briefcase-carrying expert and that's actually not true at all. I don't know if you've seen funnelhackinglive.com.

Yeah, "Funnel Hacking Live 2016" there was a guy, I cannot remember his name, but he's known as the Jump Guy, and he literally teaches people how to jump, no joke. They travel the world. He and his wife, his kids, at the time had not had a home in like five years or something like that, huge amount. Because they liked to go travel around and they live like kings and he literally teaches people how to jump.

That's what he does. And he's taken that on, he's like yeah, he's the Jump Guy. So, basketball players, athletes, whoever, if they want to learn how to jump higher he teaches them how to do that. There's a little course that he sells on it.

I'm trying to tease as many names, hopefully they're okay with me sharing these stories ... there's a lady at one of the first FAT events we ever did, the "Funnel Hackathon Event," and she was there. She was sitting kind of in the back left. I remember where she was sitting, as we were teaching, and I was on stage there and we're sharing those different strategies and stuff, she goes off and she makes like $1.3 million on like a $27 product. It hasn't even been a year.

It's been like eight months, six months, something like that. I'm not good with months. I always, always have to say the months in order by name to figure out what they are.

Anyway, so that's the whole point, though. It doesn't necessarily need to be expensive, although you certainly will ... how many $27 products do you need to sell to make a dent in your wallet? Quite a few, which is why I usually tell people to start with a thousand-dollar product. But, it doesn't need to be something ... if you see a spot where you're like, hey, I've got an expertise here. Don't feel like it's discredited because it's the Rubik's Cube guy, right?

I will tell you I still cannot solve mine. I'm holding it right now. In fact, when he first sent that first message to me I was walking home in the snow. I like that's where I was. So, I was walking home in the snow, and I was like, "Man, I would pay for your course right now. I don't know how to finish solving this thing. I can get like three-fourths of the way through and I cannot get the last, like, layer." I don't know, my head doesn't naturally work like that.

I've always wanted to learn how to do it. So, I was laughing when he said that, like, "Do you think people would pay for that? Do you think X, Y, and Z, whatever?" And Matt had reached out to me previously, so everyone knows, so I said, "Hey, would you ask that for the podcast because I think people would benefit from it?" The answer is 100%. You asked several questions there, you said I don't wanna be known as the Cube guy, Rubik's Cube guy or the puzzle guy.

I get that. That's fine. In order to create a mass movement you certainly would probably need to take on that persona just a little bit, but if you're just trying to toss something out there for some extra cash flow coming in that's totally fine, that's 100% fine.

I don't know that you necessarily need to take on, hey I'm the Cube guy, I'm the Rubik's Cube guy, the puzzle guy, but it certainly will help you the more you're wiling to do that. There are tons of YouTube videos of people trying to figure out how to do it. It's honestly one of the easiest ways to figure out if it's gonna sell really well, right. People are on YouTube for like, two reasons.

One, to be entertained and distracted and the second is like for how-to stuff, how to do this, how to fix that, it's like tutorial-based things. When I actually first started launching the product that allowed me to quit my job, that's actually one of the ways that I knew that it was actually gonna sell so well, is because there's tons of YouTube tutorials.

And, since it's such a hot, hot, hot, hot market that YouTube basically told me it was, I knew it was a safe place for me to go launch my thing in, as long as it was a new opportunity and I was following the Expert Secrets model, I would actually be able to be successful with it.

So, that's one of the easiest, fastest ways for you to actually make sure that you could actually sell with it. It's probably big enough, though. You can check out semrush.com and type in "Other Rubik's Cube people who are seeling that," I mean, there's gotta be people making several grand a month at least selling Rubik's Cube education courses. I'm sure that there are.

So, I actually don't think the question is, "Is it big enough," I think the biggest question you should ask yourself is, How will I defer myself from everybody else? How will I be different? How can I create a new opportunity out of somebody else who's teaching how to do Ru...