Lead magnets are on life support. The requirement that a responder gives their details before being able to access the ‘value’ behind the wall, is being replaced by ‘no strings’ delivery of real value.
Requiring contact details before delivering value used to work, and sometimes still does. However, you need to be lucky enough to find someone whose exact problem you can solve, who is in the market when they see your tempting magnets. Experience tells us all that following filling in the form, will result in a deluge of unwanted emails, phone calls from disinterested callers with funny accents, and related pop-ups.
Most now think ‘no thanks’ and move on.
Robert Cialdini in his landmark 1984 book ‘Persuasion’ noted ‘Reciprocity’ as one of the drivers of human behaviour. When we give something of value, no matter how small, it sets up a loop in the receivers’ mind that encourages them to reciprocate in some way. This effect has been validated numerous times in tests, and most people recognise it when it applies to them.
So, by asking for an email address before delivering something of value, we are throwing this driver of human behaviour out the window.
Last week in a supermarket I was approached by a very skilled product demonstrator to try her product. It was a blue cheese new to the market, and being a lover of blue cheese, I was happy to try it, and then, I did buy a pack. Had she asked me to fill in a form that gave my name, phone number, and email address before being able to taste the cheese, there is no way I would have done so.
Your failing lead magnet suffers from reverse reciprocity. It is like trying to push two similarly polarised magnets together, it does not work. The rapid replacement of suggested search sites to seek an answer, with the specific answer to a question delivered by AI is the headstone of the lead magnet.
Instead, you should lead with generosity, offer real value with no strings, remove all the friction felt by someone who may be interested, and pique that interest by offering no strings value while making the next logical step obvious.
The strategic challenge is no longer the shape and efficient functioning of your sales funnel. It is now how you attract possible customers into your funnel at all. Attention and tricks are is no longer enough; you need to engage with generosity, which will from time to time, activate reciprocity.
