Course launch conversion rates. What's average?
Jan 18, 2024Let's talk numbers, and traffic.
In the digital course creation space, I often hear people saying "you don't need a huge list or social media following to launch your course!"
But "huge list" means different things to different people, so I want to give you some *actual* numbers, so you can have a sense of what's realistic.
I just listened to Amy Porterfield's podcast episode titled Myth Busters Series: My Email List Is Too Small To Launch My Digital Course. She was featuring Jan Ditchfield as an example of someone who launched to a small following, and was successful.
When she launched, Jan had 557 people on her email list, 1689 Instagram followers, and she got a total of 29 enrollments.
If we count her audience as her combined email list and IG subscribers, that means 1.3% of her audience converted.
(Conversion = the percentage of people who do the thing you want them to do, like click, sign up, or buy).
Having 1.3% of her audience convert was such a high percentage that she was featured on Amy's podcast as someone who was successful launching to a small list.
The point they were trying to make in this episode is that you can get a small audience to convert, if they're really engaged (which means that you have to create and deliver the right content for them.)
But I think it's really important to understand what objectively "good" numbers are when planning your launch, and building your list/audience.
If you want to do a Founders Launch when you create your course (which you definitely should), I recommend getting 10-30 people to enroll. Ten is really the minimum number you need to get valuable feedback, and 30 is about the maximum you can give personalized attention to during a Founders Launch.
This means, that if you have an engaged audience and excellent conversion numbers, you'll need somewhere around 1000-3000 people on your email list/following you on social media.
So here's my question: Do you have those numbers? Are you close to it? Or do you know what you need to get there?
(okay, that was 3 questions)