How to make internet money
Greg Isenberg
@gregisenbergAbout
Subscribe for startup ideas & tutorials on on how to use AI to build & grow your startup. Hey, I’m Greg - CEO of Late Checkout and ex-advisor to Reddit, TikTok, and more. I post videos here from my podcast top 0.1% tech podcast called The Startup Ideas Podcast. You can also listen to The Startup Ideas Podcast on Apple Podcasts and Spotify. I keep it practical and never gatekeep the sauce. I share what I'm learning in real-time. Happy building
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The $500K Funnel Blueprint: https://www.gregisenberg.com/funnels Join me as I chat with Jonathan Courtney to discuss the mechanics of a successful sales funnel. He explains how funnels work to transform cold prospects into customers by warming them up through a strategic sequence of offers. The conversation covers both self-liquidating funnels (where initial purchases cover ad costs) and webinar funnels, with practical advice on implementation for different business models. Timestamps: 00:00 - Intro 01:01 - Why Funnels matter 02:26 - Demo of Facebook Ad Library to find competitors' funnels 04:00 - Walkthrough of the actual funnel pages and sales process 20:35 - Discussion of webinar funnels for software products Key Points: • Jonathan shares details of a self-liquidating funnel that generated $180,000 upfront and approximately $300,000 on the backend in just two weeks • The funnel structure includes a low-cost entry product ($6.99 book) with strategic upsells that qualify potential customers for sales calls • Jonathan explains how to reverse-engineer funnels by identifying customer transformation goals and creating irresistible offers • Live webinar funnels are presented as an effective strategy for selling software products without requiring heavy discounting 1) What is a funnel anyway? A funnel takes cold strangers and warms them up to become paying customers FAST. "Most people understand making content and having a website, but don't understand how to turn strangers into paying customers" - Jonathan The magic? You can see ROI within DAYS, not months! 2) The Self-Liquidating Funnel This is the GAME-CHANGER Jonathan just used to make $500K: • Start with a low-cost front-end offer ($6.99 book) • Add strategic upsells that cover your ad costs • Guide qualified buyers to high-ticket offers ($14K workshops!) The front-end product PAYS FOR YOUR ADS while building your customer list! 3) How to find winning funnel inspiration Don't reinvent the wheel! Go to Facebook Ad Library and search companies in your space. You'll discover hidden funnels that aren't even on their websites. Study what's working, then adapt it for your business. Most successful funnels follow proven templates! 4) The anatomy of a $500K/month funnel Jonathan's funnel converts at 58% (!!!) from cold traffic to email capture. The secret sauce: • Split checkout into 2 steps (capture email first!) • Add strategic upsells before purchase • Use conditional paths based on buyer behavior • Qualify leads for sales calls through purchases This structure has worked for SEVEN YEARS across different businesses! 5) The Webinar Funnel Strategy For software or higher-ticket items: • Create an IRRESISTIBLE hook ("Behind the scenes of my $0 to $1M MRR holding company") • Build a simple landing page with clear value proposition • Drive ALL your content to promote it for 10 days • Sell your product as the SOLUTION to their problems No discounting needed - just pure value! 6) The Email Sequence Secret Most people fail at funnels because they don't email ENOUGH. Jonathan's winning formula: • 6-8 emails BEFORE your webinar • 6-8 emails AFTER your webinar • Different angles for different buyer types • Conditional logic to prevent overwhelming people "The webinar is just the excuse to send the emails" 7) Creating urgency without discounting Instead of fake "only 10 seats left!" tactics: • Add limited-time bonuses (physical book editions) • Include special access to you (bootcamps, Q&As) • Create genuine scarcity through time-limited add-ons This works for ANY business - even SaaS! Notable Quotes: "I don't think a lot of people understand how to turn strangers into paying customers... what a funnel does is bring someone from being totally unfamiliar or just interested from your content, and warming them up to get them ready to pay money." - Jonathan Courtney "Even my worst funnels for clients who have no lists and nobody knows them usually make profitably around 20k per month with a 30% profit margin." - Jonathan Courtney The #1 tool to find startup ideas/trends - https://www.ideabrowser.com LCA helps Fortune 500s and fast-growing startups build their future - from Warner Music to Fortnite to Dropbox. We turn 'what if' into reality with AI, apps, and next-gen products https://latecheckout.agency/ BoringMarketing — Vibe Marketing for Sale: http://boringmarketing.com/ Startup Empire - a membership for builders who want to build cash-flowing businesses https://www.skool.com/startupempire/about FIND ME ON SOCIAL X/Twitter: https://twitter.com/gregisenberg Instagram: https://instagram.com/gregisenberg/ LinkedIn: https://www.linkedin.com/in/gisenberg/ FIND JONATHAN ON SOCIAL X/Twitter: https://twitter.com/Jicecream LinkedIn: https://www.linkedin.com/in/jonathan-courtney-4510644b/ AJ&Smart: https://ajsmart.com
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