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Owned by Nick

Auctions Rock!

5 members • Free

The community where coaches, creators & community owners learn to run simple auctions to monetize their audience. No ads. No funnels.

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118 contributions to Royalty Ronin
Winning Wednesday!
There are so many wins right now in Ronin! I'm so proud of ya! Let's make today a Winning Wednesday! Let's inspire each other... Post a win below 👇 👉TAKE IT IN - you are making PROGRESS! 👉Then take a sec and give some love to other folks wins! 👉No win is too small Rooting For Ya, Travis
5 likes • 29d
Well, mine's not as great as everyone else's, but... I have a couple things cooking that look like they will turn into coffee dates. One of them I'm pretty pumped about... So I hope I don't sound too desperate on the call 🤣🤣 I also want to start running some paid ads and I had a page built. It was just given to me yesterday, so it needs a lot of work... But I like the initial build. Let's see how it does!! https://existingassets.com/auction/home
Ronin Dinners?
This may be a fool idea. But I keep having it. Every event I've held in Little Rock... The BEST time is had at the dinners. My fool idea is if I just held a dinner event... ...is that somebody would come ...just to eat dinner I'd probably do two dinners. I'd feed folks like family. I mean... Little Rock isn't the easiest airport to get into. During the day... We'd prolly get together and hang out and talk biz and money stuff. But it would mostly be about making lifelong friends at dinners and over drinks. 🤪Am I smokin' da crack here? 👇👇👇
Poll
28 members have voted
Ronin Dinners?
0 likes • Feb 11
@Travis Sago I have a friend that lives in Arkansas, and he says the catfish is what Arkansas does best. Always tries to get me to eat it when I'm there. Thoughts?
Question for the CDOD "Auctioneers" in the group.
I LOVE this auction thing, and I want to give something a whirl. I'm going to try some ads a as a lead gen, in addition to the emailing. It will be a very simple test. Ads will go to a simple page with the explainer video Trav gave us, and lead to a call booking calendar. I'm going to try out a chatbot on the LP to maybe answer some questions people might have before they book a call. So if you could tell me some things that have come up frquently that might help, that would be great. And I might throw in a quick (maybe 3??) email followup. So anything you'd suggest that you've run into on followup would be cool too. @Travis Sago? @Chris Dyson @Chad Boswell @Dale Backers @David Botella
0 likes • Jan 31
@Travis Sago You mean the response would be to simply send the OG reply? Or "what can I auction" I could obviously list some things from the 131 PDF.
Who beat me to buying Skoolauctions.com
Hands up who beat me to buying the domain skoolauctions.com Meaning I had to get the .co.uk lol
Who beat me to buying Skoolauctions.com
1 like • Jan 29
@Robert Segelquist I mean... hopefully what has been amassed doesn't get taken away along with the termination order 🤣
0 likes • Jan 30
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Hormozi talkin about auctions??
Here's a very interesting email I got (The Mozi Minute). It doesn't specifically talk about auctions, but man does it encapsule the whole mindset behind them. The whole idea of getting what they will pay upfront, and then offering them the lesser option on the back (in this case it was subsriptions/memberships) is spot on with the domino effect AFTER the auction is over. As well as the sunk cost bias making the subscription/membership cost pale in comparison to the reward. WoW... crazy how this aligns with what we are doing. Here's the email: "Words I like: Motivation has an expiration date. Offer the most when motivation is highest. Mozi Minute: Big Head, Long Tail Many businesses offer trials and low-ticket offers. This is fine if your goal is automated conversion. We do it at Skool everyday - there's nothing wrong with it. But if you have a sales person - which 80% of you do... Do not start with a trial Your prospects are most excited about solving their problem the moment they decide to fix it. That's when you should charge the most. Not after a trial. Not after they cool off. Right then. The Big Head, Long Tail Model: Charge a lot upfront when motivation peaks. Then add lower-priced continuity on the backend. Big purchase happens when pain is highest. Recurring revenue comes after they're committed. Why This Crushes Trials: (Again, if you have a salesperson). 1. Offsets CAC ImmediatelyYou get paid upfront.While competitors spend $300 to acquire someone paying $49/month (hoping they stick around), you collect $500-$1000 on day one. This means you can outspend them.They’ll have to turn off their ad campaigns while you keep eating up market share. 2. Captures Peak MotivationSomeone drowning doesn't want swimming lessons.They want out of the water.When prospects are desperate, sell them the complete solution. 3. Gets Them More InvestedBig upfront payment = high commitment = better results.They show up. They do the work. They get results. 4. It’s in their best interest to get them to invest more in themselves.Your team will also enjoy working with more committed people. 5. Screens For Better CustomersPeople willing to pay $500-$1000 upfront are serious buyers.They have money. They have urgency.With trials, you’ll get more tire kickers which can wear down staff. 6. Higher LTV, Lower ChurnSunk cost bias works in your favor.After paying $1000 upfront, they're not canceling the $99/month membership.The continuity fee feels like nothing by comparison.
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Nick Chalker
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@nick-chalker-6958
Auctions Rock!

Active 3d ago
Joined Jun 6, 2023
Las Vegas
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