Today I'm getting real about something that makes me feel INCREDIBLY vulnerable. Mostly because I don't read a lot about this from other people. I'm going to share what you do when your launch fails.
Recently, I re-launched my email course, Own Your List, and it totally failed to meet my expectations. I want to share my own personal thoughts on this and on why I think this happened so that I can help YOU succeed with your launch. Or so you can get back up on your feet if and when your launch fails.
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In the podcast episode, I share all the nitty gritty about the background from this course, how it started as a terribly named course (How to Build an Authentic Email List) that didn't sell well and was built on one password protected Wordpress page. It had good content, but I clearly had NOT taken enough courses to see different ways to build them or what should be included.
Now, 18 months later, I updated the course to a full video course built on full course software on a webpage dedicated to courses. (See my course site here!) I had some reservations about rebuilding, just because I never validated this idea in the first place to see if it was something people wanted when I created it the first time.
It was really important to ME to redo the course into something I was proud of, and I stand behind the content. It's pretty stellar. But in the back of my mind, I knew that I was again creating something that people didn't necessarily say they were NEEDING. And I decided to build it anyway.
That's the back story.
In a ten day launch, I added about ten people to the course. My goal was to make $5000. And I fell super short of that. Clearly.
SO WHAT DO YOU DO WITH THAT?
I'll share what I did and what I suggest YOU do at the end, but first: let me help you avoid getting to the point when your launch fails.
Before you build a course or write a book, you should first do the best you can to make sure that people can and want to buy it. If you still want to create it even without validation, realize that it's a passion project and you're doing it for YOU.
Tips for Validating Your Idea
This is really a part of validating that idea. If your people cannot afford the price point that you were planning, you should really reconsider.
Tips for finding your audience's price point
It's also important to note that people may SAY they can't afford it, but what they MAY MEAN is that they have the money, but not for your particular product. Really hear what they mean, not just what they say. I had some people say in the follow-up survey that they didn't have the money, but that they were interested in my one-on-one coaching, which has a high price point that might exceed the cost of the course, depending on the option they choose.
When you are selling, you need to show people the benefits (the transformation that will occur as a result of taking your course or buying your book) and the features (the details about what exactly they will get). Typically, the benefits sell a course. But I know that I am not alone in being a features girl. I look for how many modules, how long it will take to complete, and the exact subjects. I totally skip all the long sales page stuff with all its benefits.
The benefit is why MOST people buy. They want to know what will happen as a result. They will start out stressed and confused and finish your course with an exact strategy that's easy. That is how you need to present your course in terms of benefits.
Be sure that you are accurately presenting BOTH. I missed out on some sales by not letting people know that every video had an audio MP3 for those people who don't want to watch. I also didn't explain fully why my course was different than my book, Email Lists Made Easy for Writers and Bloggers, which is only $4.99. (The difference: monetization is not included in the book, but plays a significant role in the course. Among other things.)
It's important to think about whether or not you have a sales copy problem as well. You can always improve and work on this, so print out any copy you used in email or watch back your video to see what you said and how you could sell better.
When I started doing what I'm doing now almost two years ago, the webinar space was much less crowded. I had 200 people sometimes show up for a live workshop. My attendance and registration this time were MUCH lower, I think because of the crowds. There are also way more courses, and a lot of people communicated that they already had too many courses to go through.
While many people are still having success with webinars and with courses (and it's still not too late to start), it's MUCH MORE CROWDED. That means you have to do more work to stand out and succeed. Just keep in mind the context of what's going on in the space that you're in. It matters.
Those are some great ideas to avoid this, but if your launch DOES fail, here are some things you should do afterward to recover.
I really do think it's important to spend some time mourning or being bitter or angry or depressed. I feel depressed whenever I finish ANY project, whether it was a raging success or not. Give yourself some time to complain to a friend or just be miserable. But no more than 24 hours or so. Then get up and do the rest of these things.
Stop saying that it failed. Say that it failed to meet your expectations. When I started talking to friends who are NOT in this space about my launch, they were blown away. "You just made money doing WHAT?" was a common response. It IS pretty awesome that I can create something online once and sell it again and again. It was amazing to get some emails during a night out with friends, letting me know I just made money while having dinner. Give yourself grace.
I knew almost immediately WHY my launch didn't work well. I identified those four things up above pretty quickly. You may have some insight right away into what went wrong.
I created a super quick, three question survey asking why people didn't buy, what would have made them buy, and what they WOULD be interested in. Those three questions alone tell me so much! I did a random drawing to give away one spot in the course to the winner. Then I followed up and offered all of those people a free copy of my book Email Lists Made Easy for Writers and Bloggers as well as a coupon code if they DID want to buy the course. I also let them know about my coaching packages (though there is a wait list).
One great thing about creating something is that you can keep on using it. My course does rock. And I have a few ideas on how I can continue to get revenue from it in the coming months and year. I'm not sure if I'm going to do a bigger joint venture launch in the later part of the year because of how low the response was. I'll share more about how I plan to use the course in the future, but for NOW, you can check out the episode I did last week on repurposing content to see how I've done this in the past (not a launch failure, but just a repurposing).
Don't give up when your launch fails. Don't. Learn lessons. Get up. Keep moving in a forward direction. There are so many lessons to learn when something fails to meet your expectations. If you give up on something, you'll never learn the lessons and get better.
Have you had a launch that failed your expectations? Let's talk about it in the Facebook group. It's a safe space, I promise.