Mall math
Nov 22, 2022When was the last time you visited a mall?
The malls of my childhood are long gone, but let's pretend we are back in a bustling mall in 1995. People are THERE and ready to shop.
Let's also imagine you have a store inside that mall. It looks a lot like your Instagram account and what you offer.
If 1000 people came to the mall one day and 100 of them came into your store, that would be considered a great percentage of shoppers visiting (10%—or those who engage with your account).
From those 100 shoppers, if you sold at least one item to 10%, you would know that your products are appropriately targeted. You would be wise to continue buying similar inventory for your store.
Overall, you are selling to 1%.
Does that sound successful to you?
The mall—in this scenario—is not Instagram. It's your followers on your Instagram account. If you could convert 1% of your current followers to buyers, you would know your offer is relevant and connecting.
The trouble is, most people change their offer or shift because they don't realize that 1% is considered successful conversion.
Are you converting 1%?
