I can tell you in two words: Backend Products! A back-end product is a higher priced product you attempt to sell to your customer after they have purchased a low priced (or introductory) related product from you.
Say someone bought a $37 ebook from a true wealthy marketer, that marketer would then attempt to sell them a product for $200, $ 500 or even $1000(by the way, for some reason, the response is better if the price is $197, $497, or $997. A true wealthy marketer knows that secret.
That's why cars, appliances, even houses sell for an odd number like that. You don't see a tv commercial for a new car for $25,000. It will be for $24, 997! Notice that next time you watch tv!) If you're not trying to sell back-end products to your customers, you are losing out on the real money! It is far easier to sell to existing customers than it is to sell to new ones who don't know or trust you.
If the first(low priced product such as an ebook) was incredible, and if you provided fast and friendly customer service, usually 20-30% of your customers will order your higher priced back-end products. But only if you offer it to them!
As a matter of fact, this technique is used with direct response tv ads(a direct response ad is where an 800 number is given, and viewers are asked to order from the commercial!) Many of those ads actually LOSE money intially. But the wealthy marketer running those ads knows that he will make up for the loss and profit tremendously with the back end."
A good example is cosmetics or acne products. It may cost more to run the tv commercial than the total amount of money that comes in from the ad. But, in the case of the acne solution, the buyer must continue to use the product, so in this case the "back end" is not a one time order, but a continuous order, say each month, for as long as the customer needs it-maybe 6 months to a year or longer. So, instead ofjust a one time sale of say $19.97 for an acne product, the customer is automatically shipped the product each month for 12 months. The $19.97 sale becomes a $239.64 sale!($19.97 x 12 = $239.64.)
This is called a continuitiy program and is used often in tv and other media as their "back end." On the internet, a continutity program(such as a membership site with a recurring monthly fee) can also be used by a wealthy marketer as a "back end." But for simplicity, we'll just confine ourselves to higher priced products as our "back end."
I was doing a radio interview a few years back with Terry Dean, an internet "guru" and a true wealthy marketer. (I think Terry actually retired in his early 30's! Proof that his methods worked!) Terry was telling me that he never made any real money on the internet until he started selling higher priced($497-$2997)products. In other words, this wealthy marketer was telling me that his success was all because he was selling back-end products! Wow!
Below are 7 killer strategies you can use to sell your back-end products to your existing customers:
1. When you ship people the first product they bought, insert a flyer or brochure for your back-end product in the package. Or if it is an ebook, have a digital flyer for your back-end product.
2. Give customers a free subscription to a customers only e-zine when they buy your product. You could include an ad for your back-end product in each issue.
3. Mail(yes-snail mail!) your customers greeting cards on holidays or on their birthday. Include a small advertisement inside the card for your back-end product.
4. After ordering your first product from your web site, take them to a "thank you" web page and include a "special offer" for your back-end product ad on that page.
5. Give your customers a free membership into your "customers only" private site. You could include your ad for your back-end product somewhere inside the private site.
6. Contact your customers by phone and ask them if they were happy with their purchase. You then tell them about your back-end product.
7. Send your customers a thank you letter by mail or e-mail. You then mention your back-end product somewhere on the letter.
You can become a wealthy marketer yourself if you apply this secret-offer a back-end product to your customers!
Making Money Terry Pratchett
One of the reason why Forex trading has surged in popularity is because of the claims that it is extremely profitable. The majority of these new traders enter the fore market with nothing more but just the notion of easy profits. However in fact this misconception had also caused many to hold back and on some occasion quit altogether out of pure frustrations.
Before you start trading, here are some things you should know.
The Forex market is not equivalent to the stock market
A lot of newer traders and even some experienced ones decide to get involved in Forex trading because they assume it's more or less like the stock market, but potentially more profitable. Unfortunately, going into the Forex market planning to use your knowledge of stock trading is like planning to become a shoemaker because you know how to knit socks. They're similar, but definitely not the same and they require different knowledge and skills sets.
Regardless of the timezone, trading is available anytime
It seems like the majority of ads promoting Forex trading courses and systems try to lure people in with this one. Yes, it's true the Forex market is open 24 hours a day and you could, theoretically, trade whenever you want. If you want to be profitable, though, you're not going to be picking your own hours. In order to make profitable trade, you need volatility in your currency pair. That's not likely to happen when everybody's asleep. Naturally, the best times to trade will depend on your currency pair.
Trading on the Forex has no commission payable.
While it is true that there is no commission to be paid when you trade on the Forex market, you will still need to pay the "spread'. The spread is the difference between the Ask price and Bid price. This is how the forex dealers makes money in lieu of commissions. when you look at the whole picture objectively, what you are doing is essentially swapping the commission based system for the spread system. So the more you trade the more you also pay as well.
You'll profit only if you can predict what the markets will do
If you think about it, this one's pretty ridiculous. No one can predict the future no matter how long they analyze the charts. Attempts to predict what will happen with a particular currency pair are really nothing more than educated guesses-some better educated than others. Trying to always be one step ahead of the market will not only exhaust you, it won't make you much money, either. What you need to do instead is "go with the flow" and learn to react appropriately to chances in the market. This skill only comes with experience.
Simple trading strategies won't work
The human mind is sometimes very hard to understand. People always assume that the more complex a trading strategy is the better it is. The reasoning behind this is that it must had become complex because its covers every contingencies. This is not necessarily true as sometimes complex strategies represent just a diversion from a simple solution which can accomplished the same thing.
people believes all these claims because of the all the misleading advertisements on the forex market. And these advertisements lead people to believe the wrong idea about forex markets. Therefore before you start trading in the forex market, take time off to learn the actual situation about the forex market if you want profitability minus the headaches.
Both John Abbott & Joel Gardner are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
John Abbott has sinced written about articles on various topics from Internet Marketing, Medicine and Web Development. John Abbott, a former radio broadcaster, is a successful Author, Speaker and Business Owner. He helps others achieve success in their own business. He specializes in Real Estate Investing and Internet Marketing. For more information, visit:. John Abbott's top article generates over 165000 views. Bookmark John Abbott to your Favourites.
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