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Ask For A Better Price
Years ago, I was in the US Air Force, stationed at Clark Air Base, Republic of Philippines. I loved the place and regretted when our unit was moved. The biggest lesson I learned during my tour of duty there was to bargain. This was a concept that...
How to Choose the Autoresponder Right for Your Business?
Let's give a definition to autoresponder first. So, what is an autoresponder? Think of it as a 'fax on demand' service. When a customer sends an e-mail to the autoresponder address, this smart 'robot' sends back an e-mail response, usually...
Network Marketing Training- The MLM Success POWER of Faith in YOURSELF
by Doug Firebaugh
" Donot put your faith in what statistics say until you have carefully considered what they don't say."
William Watt
You can't do Network Marketing.
Look at the facts.
You aren't smart enough.
...
Two Easy Steps to a 50% Newsletter Signup Rate
If you’re satisfied with a newsletter subscription rate of five to ten percent, then you don’t need any of the information I’m about to share with you. If you’re serious about converting up to 50%, or more of your website visitors into newsletter...
What's Wrong With Your Promotions ?
How many times have you been frustrated with your promotional efforts online ? Let's face it...most folks working online are amateurs when it comes to promotion. They simply don't come to the internet prepared with the tools, experience and ...
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It's a Free e-World
Read this article and I'll give you 109 Killer Reports on Internet marketing! Yes 109 FREE bonus reports just for reading this article!
Does that sound familiar?
Internet marketers have gone 'free mad'. Freebies have their rightful place in the online marketing bag of tricks: 'subscribe to my Ezine and I'll give you a free eBook' and 'order this and I'll give you a bonus product' are often used to great effect. However, many Internet marketers seem to have 'lost the plot.'
If you have a sensibly priced product with a money-back guarantee, do you really need to pack in 10 'bonus products' to sell it?
I nearly added another eBook to my library last week. My cursor was hovering on the 'Order Now' button but I decided not to click. Guess what put me off? Too expensive? No, the price was fine. Not enough freebies? No. There were too MANY freebies and by the time I got to reading about how 'Bonus #9' would change my life, I'd lost interest in the eBook I was about to buy. My state of mind had shifted from enthusiastic to suspicious.
The perceived value of the eBook I was about to buy got lower as more and more bonus products were added to the deal.
Imagine an offline retailer, who normally sells a chocolate bar for 50 cents, with a special offer: '3 bars for the price of 2.' Or a travel agent with an offer on a vacation: 'book today and get 20% discount.' The offline marketing world is full of deals and offers - because they work. And of course, they work online too.
But what would you think if the retailer had said: 'buy this chocolate bar today for 50 cents and I'll give you 5 bonus products: a cigarette, some gum, 2 paper clips, last month's free ads newspaper and a comb'? You'd think he was out of his mind - all you wanted was a chocolate bar.
On the Internet - at least at the home-based entrepreneur end of the market - an unwritten law seems to have crept in which says that to get
the sale you need to bundle in lots of free products.
It's a fine line between adding value to your products and DEVALUING them. I'm selling my own eBook for $15 and yes, I throw in a free eBook as a bonus. But there's only one AND it's complementary to the eBook I'm selling, not just complimentary. The free eBook is a useful and relevant bonus. If I was to load up the offer with 5 other bonus products, it would make the whole deal cluttered and unnecessarily 'generous'. I would get fewer sales.
Until very recently I also included the sales pitch 'buy my eBook for $15 TODAY and I'll throw in a free eBook.' I've taken out the word 'TODAY' because I don't have any plans to withdraw the free bonus tomorrow (or the day after for that matter.) If you DO have a real price rise around the corner or a genuine limited period offer, that's fine. However, many of the Internet marketing offers I see include something like 'order by this Friday, 19 January.' and when I see the same ad the following month it says 'order by this Friday, 9 February.' JAVA scripts and suchlike have allowed Internet marketers to invent a new concept: a rolling 'this Friday.'
Oh, and have you seen the 'buy this eBook for $29.95 TODAY and I'll give you a marketing course worth $1,495 absolutely FREE' offer? Does the prospective customer really perceive the free marketing course to be worth $1,495? I don't think so. The word 'credibility' springs to mind!
Finally, if you want the 109 bonuses I promised, I'll try and find some of the free 'Killer Reports' I've acquired over the past few months. Now, let me see, which folder did I save them in...?
About the Author
Richard Wall left the rat race in 1994. He has 6 years of home-based business experience and his new eBook 'Residual Dream' includes valuable hype-busting information for home-based entrepreneurs. http://www.squillionaires.com mailto:richard@wallpotential.com
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Asian American Movement Ezine is a radical and progressive zine on Asian American politics, art, history and culture. |
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