The Objective

Increase the email list with quality subscribers and leads, to monetize the list.

The Client

Biogena USA Inc, subsidiary of Biogena GmbH. Based in Austria with 300 employees and €60 million annual revenue in Europe (Austria – Germany – Switzerland – Italy).

The Problem

The client had no list of subscribers in the US and wanted to change this. As per previous case study, you have seen that sales weren't existing yet.

The emphasis was QUALITY leads over quantity. List building and email automation was a new concept for this European based company. Europe has strict GDPR privacy laws restrict businesses from aggressive lead collection and emailing. The company also didn't have a structured nurturing set up.

The Concept

Funnels have statistically proven to generate more leads and sales than websites time and time again.

Although the idea of funnels isn’t new, they got a lot more traction the last few years. Those who know how to take advantage of funnels in the digital era, WIN.

The Tools

Facebook is the best online platform to get the highest ROI on your marketing budget and using funnels and Facebook, you create an enormous opportunity for growth.

The Snag

The client created a new Facebook Business Manager and ad account.  A Facebook pixel was available, but it had only limited data (only 4 months), which would prove cumbersome at the start.

The Setup

Without a proven offer, or product, or any proven audiences, everything had to be tested and validated from scratch. Doing all of this in a highly competitive market is challenging.

One funnel would be a direct sales funnel with a ‘Free plus Shipping’ offer, the other funnel would be a tripwire funnel with an Ebook as a lead magnet.

Patience 

We already had been running sales conversion ads for several months (see previous case study) so we got a better picture of the client's avatar.

For us, it was a question of finding the right lead magnet and the right ad set up. 

Normally Facebook Lead Ads are cheaper to run, you don't have to leave the Facebook platform and Facebook favors this.

Depending on the business, leads generated this way can be low in quality.

Magic Bullets Don't Exist

Social media marketing is incredibly powerful and rewarding, but expecting overnight results will lead to disappointment.

Success takes time. The learning curve can be shortened dramatically with an experience partner, but it can't be eliminated.

How we do this

We follow a proven processes top marketer such as Russell Brunson and Todd Brown developed, and couple that with ad frameworks used by the top 1% media buyers in the world.

Steps to Success

Improvement -63% Cost Per Lead

After 2 weeks we dropped the Lead Ads and started testing Conversion Ads to our Landing Pages. Costs started to drop, but we didn't have the exact winning formula yet.

The Pay Off 

After several weeks testing, we  find that for our case, conversion ads are working better than Lead Ads. What is left now is testing different creative and  copy to get cost per lead further down.

How funnels work

Funnels follow intricate steps and guide people through the signup process. 

A good lead magnet presented to the right audience will convince people to trade their email address for valuable information.

Expand and Scale

We have a funnel that is scalable for quick growth.

New territories such as the UK, Australia and New Zealand are now also on the cards in the future.

Biogena GmbH can grow from a European powerhouse to a global one.

Different Applications

The concept of funnels also works for lead generation and can be very effective building lists of fans for your brand.

Offer something of value upfront, in return for an email address. Once captured, you can nurture these leads and monetize your list.

Many business owners underestimate the value of email lists. You can present your products (but don't SPAM, and continue to offer value) for a long time, at no extra cost!  A qualified lead can be worths hundreds, if not thousands of dollars over its life time (Life Time Value - LTV).