Start here · Chapter 1

THE OFFER AUDIT

Ten checks, starting from memory. If nobody can say what last quarter’s first offer was, you have promotions, not an offer.

Before anyone opens a report, ask three people one question. The founder, whoever buys the media and whoever runs email each write down, in one sentence, the offer a stranger sees before their first order. Then put the three sentences side by side.

Most teams get three different answers. The ads say 20% off. The popup says 15% off plus free shipping. The founder says the offer is the product. Nobody is wrong, and that’s the finding: a brand with three first offers has no first offer. It has a set of promotions that happen to run at the same time.

Then open your store, your ad account and your email platform, and score each check 0 to 2: 0 if it failed or you can’t answer it, 1 if partly true, 2 if clean. Don’t read the bands until all ten are scored.

A brand with three first offers has no first offer.

The ten checks

  1. The offer, from memory · 4 minLook at: Nothing. Three people each write the first offer in one sentence.
    Good: Three sentences that name the same product, the same price mechanic and the same promise.
    Cost if wrong: Ads, landing pages and welcome emails argue with each other, and nobody can tell which part of the offer is working.
    Read next: An Offer Is Five Decisions
  2. You know your door · 5 minLook at: What new customers actually buy on their first order, ranked by count, last 12 months.
    Good: You can name the top three first products and what share of first orders they take.
    Cost if wrong: You advertise the flagship while strangers walk in through a different product, and the offer is built for the wrong door.
    Read next: Find the Door
  3. Second-order rate by first product · 5 minLook at: The share of customers who ordered again within 180 days, split by what they bought first.
    Good: The table exists and someone read it this quarter.
    Cost if wrong: Your cheapest acquisition product may be your leakiest, and you’re scaling it.
    Read next: Find the Door
  4. The one-and-done rate · 4 minLook at: The share of all customers ever who ordered exactly once.
    Good: A number, and a target for it.
    Cost if wrong: A healthy-looking average lifetime value hides the fact that most customers never came back.
    Read next: The One-and-Done Number
  5. Contribution margin per new customer · 5 minLook at: For the current first offer: price after discount, minus product cost, pick and pack, shipping, payment fees and returns.
    Good: A dollar figure per first order, and a break-even acquisition cost beside it.
    Cost if wrong: The offer can win on ROAS and lose money on every customer it brings.
    Read next: Price It Before You Run It
  6. You know the objection · 4 minLook at: Your 1–3 star reviews, support tickets from people who haven’t ordered, and ad comments.
    Good: The single most common reason people don’t buy, written in their words.
    Cost if wrong: You answer every objection with a discount, including the ones about fit, trust and hassle.
    Read next: Answer the Objection
  7. The second offer is written · 3 minLook at: What a customer won at a discount sees when it’s time to reorder.
    Good: A planned second offer, timed to when customers usually reorder, that doesn’t simply repeat the first discount.
    Cost if wrong: The reorder email is the first time the customer meets your full price.
    Read next: The Offer After the Offer
  8. Established customers aren’t shown new-customer discounts · 3 minLook at: Who sees the welcome code, the ad offer and the sitewide sale.
    Good: Existing customers are excluded from acquisition offers, and sales are planned rather than reached for.
    Cost if wrong: Your best customers learn to wait. In the field studies, deeper discounts made established customers buy less afterwards.
    Read next: The Sale Calendar
  9. Offers are judged on the cohort · 4 minLook at: How the last offer change was declared a win.
    Good: On new customers and their 90-day contribution margin, not first-order ROAS or blended revenue.
    Cost if wrong: You crown the offer that brings bargain hunters and kill the one that brings customers.
    Read next: Judge the Cohort
  10. One core offer gets the budget · 3 minLook at: How many distinct first offers are live in paid media right now, and what share of spend each gets.
    Good: One core offer with most of the budget and a small, deliberate test lane.
    Cost if wrong: Five offers, none funded well enough to prove anything.
    Read next: One Door at a Time

Score as you go; your band appears when all ten are in.

Run your numbers

Score the ten checks

0: failed, or you can’t answer it. 1: partly true. 2: clean. Scores stay in this browser.
0
of 20 points
0 of 10
checks scored

Read your score

ScoreWhat it meansRead next
17–20You have an offer. Prove what it adds before you change it.Part five, starting at Test the Offer, Not the Ad
12–16The offer exists and leaks after the first order.Part four, starting at The Offer After the Offer
7–11You have promotions, not an offer.Part three, starting at Price It Before You Run It
0–6The first offer is choosing your customers for you.Two Studies That Disagree, then Find the Door

Fix zeros before ones, in check order. The early checks feed the later ones: you can’t price an offer until you know which product it sells, and you can’t judge an offer on its cohort until you know what a cohort normally does.

Put your two lowest beside the three sentences from check 1. If the sentences disagree and check 5 is a zero, the brand is paying to acquire customers it has never priced. The rest of this book fixes that in order.

Do this

This is one chapter of The First Offer, which is free and readable in full on a single page with no form in front of it.