Prepared for AquaFunded · Manu Konar · 18 Sep 2026 · private link, not indexed
Four tasks, one thesis

Trust first.
Codes only when there is a real occasion.

Today the list opens our emails to find the discount. I want it to open them to see who got paid, how fast, and what they did. Written like a trader talking to a trader, not a brand shouting a percentage. Halloween and Black Friday are the exceptions, and the Halloween one is built below.

300k list Klaviyo + SMS 40 to 50% opens, discount driven CFD + Futures twins
01Task 1

Audit. The list is trained to wait for a code.

I went through the Figma file: the campaigns since the September Reset, the Halloween set in progress, and every live flow. The work is clean. The strategy is the problem.

What is working

  • Design quality. Consistent, on brand, mobile safe. CFD and Futures get their own version of every send.
  • Deliverability and opens. 40 to 50% on a 300k list is healthy. Whatever the reason, inboxing is not our problem.
  • Flow coverage. Welcome, browse, site and cart abandonment, abandoned checkout, failed challenge, winback, post purchase, plus SMS twins. Most firms have three of these.
  • Platform events already reach Klaviyo. The failed-challenge flow fires off a Zapier breach event. That plumbing is the hard part and it exists.
  • Rhythm. Launch, halfway, last call. The team knows how to run a window.
  • The newest flows already prove the point. Try Aqua and Pay After Pass run with no code and a calmer voice ("No rush. No pressure."). The list can take it.

Biggest areas to improve

  • A discount in every flow, and it climbs. 11 of 14 flows carry a code, most twice per email. Abandoned cart goes 30%, then 32.5%, then a plain-text "Re: about your 35% discount" signed by the COO. The one human-sounding email in the system is a price cut. The refund reads 120% in flows, 150% in campaigns, 200% in the Halloween drafts.
  • Too much to read. 130 to 300 words a send, three CTAs in 11 of the last 17 campaigns, a feature grid, then the giant "25% OFF + 150%" card in 15 of 17. Four of those a week in a sale window. The reader scrolls to the number and leaves.
  • Proof is a tile, never the point. Zero trader names in 17 campaigns, including both "Real Payouts, Real Traders" emails, which carry three totals and no trader. The guarantee appears in 6 of 17, always mid-body or as one box in a grid, never the subject line or headline. In flows, certificates show up as "This Could Be You" cards under a code. That guarantee is the strongest thing we own.
  • Themes instead of reasons. Cozy season, leaves turning, halfway through fall. Seasonal wallpaper around the same offer.
  • Everyone gets everything. Same email to a lead, a funded trader and someone who failed yesterday. Only split is CFD vs Futures.

Automated flows we are missing

  • Passed evaluation, funded onboarding
  • First payout, certificate, refund progress 1 of 4
  • Drawdown care at 50% and 80% of the limit
  • Inactive funded trader (no trades in 14 days)
  • Second account for profitable traders
  • Sunset for 180 days of silence

Why. Every one of these is a moment the trader already cares about. Emails there get read without a code.

Segmentation

  • Journey stage: lead, buyer, in evaluation, failed, passed, funded, paid
  • Product line: CFD or Futures (keep)
  • Engagement: opened or clicked in 90 days, or dormant
  • Account size tier: under 25k, 25k to 100k, above
  • Geography: send time and payout method proof

Why. A dormant lead and a funded trader should never receive the same email. Stage decides content, line decides product, engagement decides whether they get campaigns at all.

Frequency, messaging, design, strategy

  • Frequency. Roughly four campaign emails a week inside a sale window, on top of flows. No cap between them.
  • Messaging. Features and urgency, no evidence. "If you've been waiting for a sign", "serious traders", "500 codes available". It talks at the reader.
  • Design. Fine. Cut the second and third CTA, cut the word count in half, keep the look. Add a QA pass: live buttons read "Acces The Rules", and the Halloween drafts say 150% refund in one block and 200% in the next.
  • Strategy. One promo every two to three weeks at 25 to 45% off. The list has learned the next code is days away.

My top 3 if I took over

1

Build the proof engine

Weekly "who got paid" email from the public payout ledger. Named certificates. Trader stories: days to pass, the setup they ran, how fast we paid. The guarantee in every footer.

Why first. It costs nothing, it uses what we already have, and it is the only thing that changes why people open. Everything else builds on a list that trusts us.

2

Flows on trading events

Drawdown care, passed, funded, first payout, refund progress. Zapier or webhooks from the platform into Klaviyo, the same way the breach flow works today.

Why second. I told the COO on my first morning: if I hit 50% of my drawdown, I want to know you care. He agreed we need flows for that. That is retention, and retention is where a prop firm makes money.

3

Take codes out of the flows, put a cap in

Replace flow discounts with Try Aqua at $10 as the entry. Hard weekly cap per person in Klaviyo. Discounts only around a real occasion.

Why third, not first. Pull the codes before the proof is in place and revenue dips with nothing to catch it. Do it in week three, once the proof emails have gone out.

What in-house changes that an agency cannot

The agency is good and uncapped on volume. Volume is not the gap. These three are.

A person, not a brand

Every email reads like one trader writing to one trader. Signed by a name. Replies go to a human. The agency writes for several prop firms, so it has to sound like all of them.

Funnels designed by a trader

I know what a trader feels at 50% drawdown, the night after a pass, and the morning a payout lands. The flows below are built on those moments, not on calendar dates.

Credibility as the position

Topstep charges monthly and still keeps traders for years because nobody doubts the payout. We are cheaper and offer more. Add the credibility and there is no reason to go anywhere else.

Sources: Telos Media x AquaFunded Figma file (campaigns, live flows, Halloween drafts) and Klaviyo, both seen 18 Sep 2026.

02Task 2

Halloween. No Tricks.

Offer: 25% off sitewide and a 150% refund at the 4th payout. The concept is the opposite of a trick: proof first, code second. Dark, cobwebs, bats, orange. Still AquaFunded, because the button stays blue and the numbers are ours.

Mon 27 Oct, launchProof stats, certificates, then the code
Wed 29 Oct, proofOne trader, four payouts, the 150% refund
Fri 31 Oct, final hoursThree lines. Deadline. Button.

Creative direction

The brand's own visual language, turned dark: glossy orange glass objects on navy, candlestick bars behind, a glass ribbon around the hero, cobwebs and bats kept to the corners. One 3D object per email: the % sign on water, the coin stack with the arrow, the hourglass. Matching glass icons carry the three numbers so nobody reads a paragraph. Real wordmark, blue AquaFunded button, orange offer card, and a live countdown that renders at the moment of open. All art generated on Higgsfield in one style pass. CFD and Futures versions built as real HTML, Klaviyo ready.

Audience and segments

  • Engaged leads and failed traders (90 days). All three emails.
  • Past buyers not in an active evaluation. All three.
  • In evaluation or funded. Email 1 only, framed as the second account. No final-hours pressure on people mid journey.
  • Dormant 180 days. None. They get the sunset flow instead.
  • Suppress anyone who bought in the last 7 days.

A/B tests

  • Subject, email 1. "No tricks. 25% off, and proof we pay." vs "25% off + 150% refund. Halloween week." 20/80, winner after 2 hours. This decides whether proof-led subjects survive on this list.
  • Hero, email 2. Art vs a real payout certificate.
  • CTA, email 1. "Start with 25% off" vs "See who got paid".

The thinking

The Halloween drafts already in the file lean on fear ("the scariest thing is not starting", "the sidelines are the trick") and stack every claim into one midpoint email with five CTAs. Every other prop firm will scream a percentage. Ours opens with $8M paid, three payouts a day on a public ledger, and a guarantee, then mentions the price. Email 2 tells one true story and ties the number four to the refund. Email 3 is three icons and a clock because by Friday there is nothing left to say. Three emails across five days respects the cap. Subject lines are five to seven words. The whole sequence is under 350 words of copy.

03Task 3

Flows. Follow the trader, not the calendar.

The journey: sign up, buy, trade the evaluation, pass or fail, get funded, request payouts, buy again. Today the flows only cover the first two steps and the failure. Retention in three steps: notice the trader before they blow up, prove the payout the day they pass, and make payout four (the refund) the goal. Here is what I would build, in order.

1. Drawdown care

Trigger platform event: 50% or 80% of daily loss or max drawdown used. Audience in evaluation and funded. Purpose keep the account alive, show we noticed.

0hYou are at 50%. The maths for tomorrow, three rules that save accounts.80%Step back today. One line, no selling.+2dStill with us? Short check-in from a real person.

2. Passed evaluation

Trigger pass event. Audience new funded traders. Purpose turn a pass into a first payout.

0hYou passed. What changes now, in five lines.+1dHow payouts work here. 24 hours or $1,000.+5dFirst payout checklist. Minimum, method, timing.

3. First payout and refund progress

Trigger payout paid, each time. Audience paid traders. Purpose celebrate, prove, move them toward payout four.

0hPaid. Your certificate. Payout 1 of 4.+7dTell us your story (this feeds the proof engine).2,3,4Progress emails. "4 of 4, your fee is on its way."

4. Failed account, rebuilt

Trigger breach event (exists). Audience failed traders. Purpose explain, then offer the right next step, not a code.

0hWhat happened. The rule, the moment, the chart.+2dWhat most traders do next. Pay Later, $5 to start.+7dRetry with the model that fits how you trade.

5. Welcome, rebuilt without a code

Trigger signup. Audience leads. Purpose earn the first purchase on trust, learn the trader type.

0hWho got paid this week.+1dOne question: how do you trade? (sets the product)+3dRules made simple for your model.+6dTry Aqua for $10. Still no code.

6. Repeat, scale, sunset

Triggers profitable 30 days; no purchase in 60 days; no open in 180 days. Purpose second account as a safety net, winback with proof, then stop emailing.

scaleSecond account with a tighter daily cap, sold as protection.60dPayout digest plus your trader-type model.180dTwo sunset emails, then suppressed.

Abandoned checkout, browse, site, cart, post purchase

Keep them, cut them to two emails each, remove the codes. Abandoned checkout gets a proof email then a Pay Later alternative. Post purchase becomes the first three days of the evaluation: rules, guarantee, support.

How nobody gets over-emailed

  • Hard weekly cap per person in Klaviyo: 3 emails in a normal week, 5 in a festive week.
  • Flows outrank campaigns. Anyone who got a flow email in the last 48 hours is excluded from the campaign send.
  • Active-journey traders (in drawdown, just failed, just passed, awaiting payout) get flows only for 7 days.
  • Smart Sending on for every campaign. Dormant 180 days never receive campaigns.
04Task 4

30 days. More revenue per email, not more emails.

Taking over today. The number I would put my name on is revenue per recipient: email revenue divided by emails delivered. It rewards fewer, better sends and punishes blasting.

Week 1

Baseline and stop the bleeding

  • Revenue per recipient by segment, by flow, by campaign type
  • Weekly cap on, Smart Sending on
  • Guarantee line in every footer
  • Proof library: certificates, ledger, quotes
Week 2

Proof engine live

  • First "Who got paid this week" campaign
  • Welcome rebuilt with the trader-type question
  • Drawdown, passed and first-payout flows wired via Zapier
  • Segments built: stage, line, engagement, size, geo
Week 3

Codes out, Halloween in

  • Flow discounts replaced with Try Aqua
  • Halloween sequence 27 to 31 Oct, the one real offer of the month
  • Subject line test: proof-led vs offer-led
Week 4

Read, cut, plan Black Friday

  • Compare revenue per recipient to week 1
  • Kill the sends that did not earn
  • Black Friday planned 30 days out, whole funnel including post failure

Campaign ideas, no code needed

  • Who got paid this week (ledger numbers, one name)
  • Trader story: days to pass, setup, payout speed
  • Rules made simple, one model per email
  • Product update as a reason, not a theme (Instant Standard changed on 8 Sep, that is an email)
  • Monthly competition recap and leaderboard

Products by trader type

  • Scalpers and news traders Instant Pro
  • Swing traders Two Step Standard, then Pro and Elite as they scale
  • Returning traders One Step Flex
  • Price sensitive or just failed Pay Later, $5 to start
  • Futures traders the Futures line, never a CFD email

Why. One question in the welcome flow tells us the type. From then on every email shows one product, not eight.

A/B programme

  • Proof-led vs offer-led subject lines, every campaign for 30 days
  • Short body vs current length on the same offer
  • One CTA vs three
  • Send time by region
  • Trader-type product vs full lineup in welcome email 3

Backlog for review

#ItemNeedsWhen
1Halloween "No Tricks" sequence, 6 HTML emails (built, on this page)Code NOTRICKS created, Klaviyo segments, sign-off on copyReady now, sends 27 to 31 Oct
2Guarantee line in every template footerTemplate accessDay 1
3Weekly frequency cap and Smart SendingKlaviyo adminDay 1
4Proof library: certificates, ledger screenshots, 5 trader quotes, 2 short videosDesign assets, permission from 3 tradersWeek 1
5"Who got paid this week" campaign templateWeekly numbers from financeWeek 2
6Welcome flow rebuilt, no code, trader-type questionKlaviyo profile property for trader typeWeek 2
7Drawdown care, passed, first payout, refund progress flowsPlatform events via Zapier or webhook: drawdown %, pass, payout paidWeek 2 to 3
8Failed flow rewritten around Pay Later, codes removed from all flowsSign-off that flow discounts goWeek 3
9Segments: stage, line, engagement, size tier, geographyOrder data mapped to KlaviyoWeek 2
10Black Friday plan, whole funnel including post failureOffer decided 30 days outWeek 4

KPIs I would report weekly

Revenue / recipient
North star. Email revenue divided by emails delivered.
Placed order rate
Orders per delivered email, by segment.
Flow revenue share
Automation doing the work while campaigns get rarer.
Repeat in 30 days
Second account rate. The trust proxy.

Guardrails: unsubscribe rate, spam complaints, and open rate as a diagnostic only. If opens fall 20% while revenue per recipient rises, that is the plan working.