How One Chicago Mom Turned Her $120K Debt into an Online Business Using Thrive Architect
Is a lack of web experience keeping you from making progress in your online business?
If so, this story is for you.
Although you may think it takes a web design background, a team of professional designers, and years of copywriting experience to make money online, that's just a tidy excuse to keep yourself from trying.
The fact is that in 2018, there's no reason to let a lack of technical experience keep you from learning by doing. All you need are the right non-techie tools and knowledge to help you overcome each of the sticking points you come across.
If you're skeptical, I understand. The internet is crammed full of scammy gurus shouting "Follow me!"
That's why I want to back my claim up by sharing the story of 1 gritty solopreneur — just like you — who overcame great personal and technical odds to learn how to thrive online.
Back in 2007, Chicago native Aja McClanahan and her husband realized they were $120,000 in debt and needed to do something about it.
Most of their debt came from a deadly combo of student loans, a car loan, and multiple credit cards.
American Consumer Debt By the Numbers:
It's not uncommon for American's to take on deep personal debt as an early 20-something to finance their education, daily transport and living expenses.
Here are some American debt statistics to show the uphill financial climb many American solopreneurs commonly face:
- The median student loan debt for a person who has attended some college or graduated is more than $49,000.
- The median household [high interest] credit card debt is more than $16,000.
- The average auto loan exceeds $30,000.
- Personal loans and other miscellaneous debts are more than $10,000 per household.
With the debt collectors breathing down their necks daily, Aja got serious and began researching blogs, books and podcasts to see if she could find a way out.
Aja resonated with Dave Ramsey’s Debt Snowball Method and used it to cut her family’s living expenses down to the bare minimum. That not only meant getting rid of things like paper towels and cable tv, but moving herself, her husband and 2 young daughters into Mom’s house rent free.
Kids, say goodbye to our comfy house in the Chicago ‘burbs...
As per Dave Ramsey’s Debt Snowball Method, that extra money Aja freed up with her deep budget cuts went to pay off the loan with the smallest total balance — regardless of interest rate.
The idea here is to build psychological momentum. When one loan disappears, you just roll that freed up monthly payment into the next loan on the list until they’re all gone.
Along with living expense cuts, Aja knew she could also eliminate her family's debts faster if she could find ways to increase her monthly income. That’s when she got resourceful and took on a number of side-hustles including:
- A consultancy service for non-profits
- Freelance writing
- Public speaking
Year after year, steady progress made the dream of debt-freedom more and more of a reality.
Achieving Debt Freedom and Starting a Blog About It
After several scrappy years of belt tightening, Aja and her family emerged from their debt in 2013.
For some, that happy day might have been celebrated with the purchase of a new house or car using the shiny new credit score debt freedom came with... but not for Aja. Her hard won financial knowledge, budgeting power and savings habits endured.
When she started telling people her family was debt free, they all wanted to know how:
“We got so many questions about how we did it that I started my website to mass mentor people on the subject of wise money management.”
In that spirit, Principles of Increase was born in 2014 to help educate others on getting out of debt, increasing income and building wealth.
At first, it was just a basic WordPress blog Aja DIY-ed using free YouTube tutorial videos and the free Genesis theme. She learned that by writing useful blog articles, she could build an audience and email list. Then in order to monetize her new website, she started experimenting with ads and affiliate links.
Aja's consulting and freelance gigs were keeping her very busy at that time so her blog and subscriber list grew slowly at first:
“It would take another 2 years for me to close up my consultancy before I went full-time blogging and freelance writing in 2016.”
2016 was the year Aja got serious about building her email list.
From Simple Blog to Respectable Email List
By January 2017, the Principles of Increase blog had grown to a respectable 2700+ subscribers.
Like a lot of scrappy solopreneurs though, Aja wanted to improve that growth. She started to learn more about lead magnets and landing pages. She created her first free eBook — Get Out of Debt Now — and built a squeeze page around it to collect emails.
Aja was using Optimize Press at the time, but remembers the pages felt clunky to build, unattractive and performed poorly. Regardless, she used them anyway and the list grew.
On a friend’s recommendation, Aja purchased a Thrive Themes Membership in September 2017 and loaded Thrive Architect onto her WordPress dashboard. Unfortunately, she found herself frustrated by the initial learning curve of the editor so she “let it sit” for 6 months.
It wasn’t until February of 2018 that Aja got some online business advice from Videofruit’s Bryan Harris that she should build an upside down homepage. In an attempt to understand what that meant, she came across the Thrive Themes Upside Down Homepage tutorial explaining exactly how to create one.
Aja dusted her Thrive Architect license off and got to work:
“It took me about 2 hours to follow the 25 minute tutorial, but I’m so glad I did. From there, it became easy and intuitive for me to build everything from my homepage to my landing pages and more.
“When I learned how to use Thrive Architect, I could finally build landing pages I wasn’t afraid to send 5000 people to.”
After building a new lead generation funnel using Thrive Architect and Thrive Leads, Aja decided to run paid Facebook ads to try and grow her list with engaged subscribers.
I have to say that the results you’ll read about next are pretty stunning…
Facebook Ad to Lead Generation Funnel
Check this out.
Aja launched a 60 day Facebook ad campaign with the goal of supercharging her list:
If her Facebook ads engaged, people were then sent to her new, scratch-built Thrive Architect landing page:
Even though the lead generation page isn’t professionally designed, here’s an impressive feature about it:
Aja always assumed she would lose money on the Facebook Ad campaign as the price for acquiring new clients in the financial industry is staggering.
Try not to spill your coffee but, customer acquisition can range anywhere from $50 to $100 bucks in that market...ouch! It almost makes you feel sorry for massive, multi-national wealth management companies like Charles Schwab and Merrill Lynch...almost. ;-p
Regardless of those odds however, Aja set an audacious ad spend goal of no more that $0.05 to $0.20 per new lead. Daaaaaaamn, you go girl!
On top of that, she wanted to keep her ad campaign expenditure down to $0.01 per new lead. To do that, Aja created a digital download upsell on her lead gen funnel's Thank You Page — the $7.99 Financial Fix Package — just to see what would happen:
Here's a visual diagram to help illustrate Aja's lead generation funnel:
And the results were pretty sweet...
Crunching the Numbers
At the end of Aja’s 60 day Facebook ad campaign, she ran her financials and discovered that, not only did she boost her email list by 2715 new subscribers...
... she didn’t lose a dime!
In fact, Aja netted $130 once she subtracted the cost of her ad spend from the upsell earnings!
Her new 2700 subscriber conversion rate clocked in at just above 19% with 14,207 total clicks from the ads:
And without factoring in her upsell revenue, want to know what her final lead acquisition costs were? Just $0.25 per lead!
Step aside J.P. Morgan...there’s a new player in town.
Oh, and by the way...Aja’s current email list sits just shy of 8,000 emails and growing.
From List Building To E-Course Education
Most recently, Aja has been hard at work building and validating her latest info-product: The Profitable Genius E-Course.
But before creating that product, she decided to understand what her followers needed most from her when it came to debt elimination and financial empowerment. Aja did this by:
- Examining her Google Analytics.
- Analyzing her most engaging emails and subject lines.
- Surveying her subscribers via email about what they were interested in learning.
- Testing out product descriptions to gauge excitement levels around products — and whether or not people would pay for it.
Not only did Aja take the results of her subscriber study to build the new E-Course, but then she beta tested it amongst a 2000 person segment of her audience. The idea was to use a subscriber subset to gauge customer response and gain initial feedback to improve the course.
The beta test results? $1200 bucks of cold, hard, digital cash.
Aja’s Next Steps
On top of her busy schedule homeschooling 2 daughters and managing freelance gigs, Aja’s still trying to learn as much as she can to move forward and grow her online business.
Because the Facebook Ad campaign was such a success and actually earned her money, she’s going to dig deeper into how she can get more easy conversion wins from Facebook ads.
And although Aja never really relied on banner ads to monetize her site in the past, she’s interested in experimenting with them now since the financial niche pays more for digital ad space than most other markets.
But Aja knows that her real income potential lies in serving her growing email list.
That means creating useful blog content and pumping more value into her info-products to spread the financial empowerment gospel. Personal finance education is where her passion lies and it seems to be resonating to the tune of paying customers.
Aja also wants to upgrade the look, feel and conversion focus of her website. That means becoming a Thrive Themes power user.
The Thrive Themes Membership offers so many powerful plugins, Aja hasn’t had the chance to learn and take advantage of them all.
Most of her recent website progress has been made by using Thrive Leads and Thrive Architect alone. Aja just launched her first Thrive Leads A/B test this week to see if she can boost her signup conversions through opt-in form design as well.
In fact, Aja’s new mantra is “When in doubt, test it out!”
That means many of her upcoming plans include learning how to use all the Thrive Themes A/B testing tools so she can “make more decisions based on data and analytics rather than emotions”.
Mastering Thrive Optimize for landing page A/B tests and Thrive Leads for opt-in form A/B tests, are both in Aja’s near future.
At the end of my interview with Aja, I asked her what advice she would give other solopreneurs starting out to help them sidestep stumbling blocks and take advantage of the wisdom she had earned.
Here’s what she told me (and I think Point # 3 is pure gold):
1. Be More Clued In To Your Numbers.
Aja now pays much closer attention to her data including conversion rates, sales numbers, affiliate revenue and ad spend.
She’s motivated to make her business data driven to eliminate emotions from her decision processes. This means keeping much closer tabs on things like Facebook ads and opt-in form A/B tests.
2. Use Basic Keyword Research to Produce Better Content and Upgrade Your Old Posts
When Aja first started her blog, she was writing articles people weren’t so interested in reading. Over time though, she realized that just a little topic and keyword research went a long way to boost engagement.
This doesn’t mean the content is all market research driven; posts should still come from a personal place. For example, Aja originally posted an article about giving Famzoo debit cards to her daughters in place of allowance cash to help them better learn how to manage money.
The post was only doing so-so at first, but when Aja updated it with researched keywords and improved graphics, it rose to Page 1 on Google for key search terms.
3. Use Your Real Life Problems to Improve Your Blog Content
I thought this was pure genius when Aja mentioned it to me.
Of course Aja does use dedicated brainstorming sessions to come up with new content for her blog, but lately, much of her ideas are spurred by problems that crop up in her own life.
For example, when Aja was trying to teach her daughters how to manage their finances outside of the typical cash allowance, she wondered if there was a "debit cards for kids" solution available. She then had the awareness and curiosity to ask:
“I wonder if anyone else needs this?”
That spurred Aja to research the idea and write a post about it to help others through her financial blog.
I find that organic content strategy super clever and refreshing, don’t you?
Now It’s Your Turn To Take Action
So now that you’ve met Aja and learned how she transformed herself from debt overwhelm to bootstrapped solopreneur with the right knowledge and tools, do you still have any excuses keeping you from taking action in your own online business?
Aja never let her lack of web experience hold her back from making profitable progress in her business and neither should you!
In fact, Rapid action and iterative improvement are at the scrappy core of all thriving entrepreneurs.
If you're still in the early stages of your business and want to take a bold step, my suggestion is to follow Aja's example and start building a profitable email list with a Thrive Architect built lead generation funnel.
And lucky for you, there's a free List Building Funnel course over at Thrive University that will show you exactly how to build and ship your first one fast.
Learn How To Build Your Own Lead Generation Funnel Right Now
If you want to build a profitable email list through a lead generation funnel like Aja did, check out this FREE Thrive University course:
Get instant access by clicking the link and signing up for your free Thrive University account. If you already have an account, just sign in to start learning.
P.S. Have any questions for Aja? Inspired to take action in your own online business? Leave a comment below!