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************************************************************ How
to IMMEDIATELY increase customers orders by at least 30%
************************************************************
When a potential customer decides to order your product, the
introduction of the following technique can increase your profit
from the initial order unbelievably.
A customer at the point of purchase is often extremely favorable
to an additional offer or what has been termed the "upsell" or
cross sell". This technique is pure profit as your additional
cost for the resulting sale is ZERO.
This technique has been tested time and time again and is
statistically PROVEN to increase your sales. This involves the
use of psychological *triggers*. These are words used in a
deliberate context to take advantage of your state of mind or to
transform your present emotional state to one which favors the
buying of the product.
Let's use an example that we are all familiar with. The TV
infomercial.
The latest exercise gear being advertised on the market is the
AB-MAXIMISER. As the well toned models display the versatility
and effectiveness of the product and you are almost convinced to
buy, they throw in the clincher:-
"if you order now" not only do you get the ---product but you
also get another ----product free.
SIDEBAR ======================================================
It has been shown that declaring :
"buy 1 get 1 free" yields better results than,
"Get two for the price of one"
Emotionally with the first pitch we are more inclined to believe
we are getting twice the *value* for the cost of one item
=====================================================
The important point to grasp here, is to use your basic product,
a loss leader if you will, that the customer believes is an
excellent value. Then you introduce a second product which
offers the customer more value, but gives you a healthy profit
margin.
So how do you work that into your Internet business?
Just do a little brainstorming. Can you offer a product that you
can offer volume discounts on?
You may offer a basic product to hold the customer while gently
suggesting another. Internet businesses have a variety of means
of doing this.
After a customer has gone to the order page of your product you
may :
(1) Bring up a page recommending your "platinum" product for a
few extra dollars. Again the psychological impact is that the
customer says well, heck, I'm already prepared to pay x dollars,
I might as well get the whole kaboodle for a couple of dollars
more.
(2) The order page could have a check box which may or may not
be checked already, with the following comments:
" Would you also like to offer product y , our customers that
purchase product y have all exclaimed how glad they were to make
that purchase"
This a technique used by a lot of Internet marketers with great
effect.
(3) Instead of the "hard" sell you could say :
The customers who bought product x also bought product y, and
then give links to product y.
Internet bookstores use this with good results.
(4) Another key aspect of upselling you may use in your business
is to offer a trial period, either free or for a minuscule
amount, like $1. Then you charge regular pricing after the trial
period. The merit of this course of action is that the persons
who might not have bought your product, being a bit skeptical,
will have a practically risk free opportunity to try out your
product.
CONCLUSION Remember that traditional marketing concepts and
principles are not suspended because you are doing business on
the Internet. In fact there is a lot to be gained from
understanding how direct mail order firms operate.
Don't forget the 20 percent rule though, what's that?
20 percent of your customers will contribute to 80 percent of
your sales. This is true of affiliates as well. So although you
shouldn't ignore the 80 percent, concentrate your cross selling
and up selling efforts on the 20 percent that have the greatest
significance to your business.
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