The perfect lead magnet isn’t an ebook, checklist, calculator, template or tool. The perfect lead magnet is one that solves a tiny problem for your subscriber FAST. So fast they can see immediate results. And beyond this, the solution should lead to a bigger problem. One that is only solved by buying your product or service. (Side note: Not all the lessons in this course will be as long as the first.)
To choose the perfect lead magnet you have to understand the difference between problems and situations. A situation is broad, vague and could have multiple problems and solutions connected to it. A problem is concrete and specific and typically has one solution.
- Situation: I don’t have enough customers / revenue coming in
- Problem: I’m only adding 10 subscribers per week to my email list, how do I make it 100?
The problem with many lead magnets is they attempt to address situations and not problems. So the lead magnet ends up being overly broad, generic and vague as well. This means subscribers won’t:
- Consume or implement the material
- Get the promised result
And if you remember what I said in lesson 1B, building an engaged email list is about trust. An immediate win will get them to trust you much faster than downloading a random ebook they don’t bother to read. My hard drive is filled with gigabytes of free lead magnets I downloaded but never consumed.
To be honest, a free email list building course is not specific enough as a lead magnet. It’s also addressing a situation – How do I grow my list? – and not a problem. So I’ve violated my own rule. But I was in a rush and put this course together in two days, so I must beg your pardon. A better lead magnet would be something like, 5 free list building tactics to add 100 new qualified subscribers per week. This directly addresses the problem I described earlier.
To come up with your lead magnet you must first know your customer. A lot of people come up with lead magnets without ever having talked to their customers. What problems are they dealing with? What are the exact words they use to describe those problems? Write them down. Now, what resource can you create to solve one of their smaller problems quickly and immediately? These are your lead magnets. Offer them to your audience before creating them. You’ll find some have a ton of interest and others have none. Once you identify a lead magnet offer your audience really wants, create it. We’ll talk more about how to test lead magnets in lesson 6.
Now, head over to your inbox to enjoy your second bonus lesson. I’ve shared my favourite type of lead magnet. You might have guessed it already. The subject line is “[7LBL] Bonus tip 2: My favourite lead magnet”.