Magnetic Email’s launch breakdown (revenue and more)


Earlier this month, I launched my second big product, Magnetic Emails.

Today, I want to chat you through the results.

Before we dive in...

The most important part of great copywriting:

Big ideas.

If your idea sucks, people won’t pay attention (or money). This is important for frameworks, products, and everything else in your business. Which is why you should check out David Deutsch’s Big Idea Test.

David’s one of the world’s best copywriters. He put together a simple 7 question checklist to assess your ideas before you invest countless hours into them.

Overall results

This was my first ‘exclusive launch’—with no promotion on social media, no affiliates, and no advertising.

I did this so I could focus on serving my fans. It also helps improve the product before relaunching.

From a marketing perspective, it also helps with urgency and scarcity.

But this was the most anxious I’d felt about a launch. I’d never worked harder, and not knowing if it would be received well was terrifying.

But then I realised I wasn’t worried about a bad result. I was worried about being responding poorly to a bad result.

This helped reframe things and felt like a weight off my shoulders—you should only focus on what you can control, and I knew I couldn’t have built a better product.

This meant expectations were low and far exceeded.

Total revenue: $99,604

To almost hit another 6 figure launch without using my social audience is insane. And this doesn’t include payment plan revenue either, which I’ve explained below.

Let’s crunch the numbers.

Revenue per email

Because all sales came via email, it was simple to track how much each email was worth.

Number of emails sent during the launch: 19

Average revenue per email: $5,242

This sounds good, but I’d be dishonest to say this figure is a true representation.

Why?

Because launches are about tension—the build up. I began promoting Magnetic Emails on the 1st of July, sending 20 emails over 2 months.

These focused on shifting beliefs around the product, sharing stories about problems, pains, fears, and doubts (and building excitement about my solution).

This means I made $2,553 per email.

Not bad considering each one was fun to write (and usually around 30-40 minutes ‘work’—using the Magnetic Email system).

Let’s carry on.

Conversion rate

I set up a tracker to see how many people clicked the salespage link.

Total clicks to salespage: 1,752

Total number of customers: 215

Conversion rate: 12.27%

I had 35,000 subscribers when I began my launch, so that’s 0.61% of my list.

Honestly, I have no clue if these figures are good, bad, or expected. I don’t have enough experience to make observations. If you do, let me know!

Increasing value

A truth I’ve learned from the past 3 years: there are always people in your audience who want to invest more.

So I added 3 additional ways to pay:

A $50 order bump → 122 buyers ($5,969, 57% conversion rate)

A $99 upsell bonus course → 68 buyers ($5,890, 32% conversion rate)

A $1,997 high ticket offer → 2 buyers ($3,997, .093% conversion rate)

Again, not sure about benchmarks, but this goes to show you should spend time pre launch building assets. It’s a nice win-win for you and your clients.

The high ticket I’m also happy with.

I didn’t promote it except for 2 sentences on the sales page. It’s a premium price, but I know the coaching will be high value.

I might offer it to clients inside the course. But gratefully, I don’t need more money. I need more time. So if I do, it will be seriously limited and more expensive.

Payment plan

I introduced a payment plan toward the end of the launch due to so many requests. I wasn’t sure I’d add this as payments fall through. But when I realised I was thinking more about myself and less about my fans, I added it in.

It led to 82 customers, grossing $17,769 (including upsells).

I haven’t included money owed in the total figures because you never collect 100%.

But an additional $27,060 should come in over the next two months, so let’s see how things go (does this mean I can say it was my fourth 6 figure launch? 😂)

Webinars

I ran 2 webinars during the launch (I planned one, but we hit the room limit both times!).

I’ve never done a launch webinar. I’m a lazy writer and I’ve always thought ‘sales webinars’ were ick.

But when I realised I didn’t have to use a script, tricks, or tactics, I really enjoyed myself.

I told a 50-minute story, weaving in jokes and tips. The final 10 minutes I spoke about the course. Then I did a 45 min Q & A.

The feedback was great, and I recorded a short bonus for people who picked up Magnetic Emails from the webinar.

17 people requested it, but several people had already bought the course before the webinar. And more bought several days later in response to future emails. So it’s hard for me to give an exact figure. But I enjoyed hosting them, so I’ll probably do it again (although since I’m travelling, maybe not).

Hourly rate and the plan going forward

I didn’t track how long it took to build the course, but I went flat out during the summer (3 days off in 3 months—sometimes you gotta go all in).

It was roughly 700 hours work. This gives an hourly rate of around $150–significantly lower than my aspirational hourly rate.

But the reason I love products is because they are high leverage.

You build them once and can sell them many times. Your first launch is not the money maker, it’s the next few years of automated sales and smaller launches where the profits roll in.

For reference, my other product, High Impact Writing, made around $650,000 in 14 months.

Now that I have two, I’m excited to see what happens. Especially once I build smarter systems with automations.

But I’ll share more about that in the future (because for now, I’m in ‘scrappy’ business mode).

I’d like to finish with a note on reality.

The problem with these style of emails is that it gives a false impression on how easy things are.

From the outside, it looks like all you need to do is build an audience and ca-ching.

But I know many people with large followings who are struggling to make good money. You hear a lot less about failed launches and flopped offers.

The truth is if you want to succeed as an entrepreneur, you must be willing to put in the work.

Especially today when competition is so fierce.

Not only does your product need to be quality, but your positioning, copywriting, pre and post purchase flow, and customer support must be excellent.

My advice is to spend as much time as possible learning.

Because no matter the business model, you will suck at first. The key to continuing success is correcting that.

For example, I launched my first small product 3 years ago. It sucked. The copy sucked. Everything sucked.

But the Internet’s gift is that you have access to the smartest minds and best material for every topic.

You can get good at anything if you put your mind to it.

But everything worthwhile requires sacrifice.

You gotta put in the work.

Hope this helps,

Kieran

P.S.

Missed the launch for Magnetic Emails? You can hop on the waitlist for round 2 by clicking here. It’ll be sometime in November.

Kieran Drew

On a mission to become a better writer, thinker, and entrepreneur • Ex-dentist, now building an internet business (at ~$500k/year)

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