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Find out How to Make More
Profit in your eBusiness
(c) Paul Barrs
Now this makes me angry!
Why do we butcher our profits when selling Online?
I can't stand it.
How many times I've seen what looks to be a quality product selling
for the stupid price of $9.95 or some great package of products for
$19.95 - I cannot count.
Are the creators of such products insane?
Are they scared that you'll not make any sales at all?
Just this morning while following posts on a message forum I came
across yet another site that sells a terrific range of info products
- each which can be bought separately. But this webmaster had
bundled them together and was selling them for less than one fifth
of what he could get if sold separately.
Why doesn't he at least triple his price and sell them for minimum
half for the package.
Over the past two months I've made numerous International phone
calls to talk with other net business owners who are also feeling
frustrated.
Because of the nut-crackers out there who butcher prices, we all are
suffering. Think about it people - let's look at the math.
Let's use a product example of an incredible eBook called
"Widgets Unlimited" (yes it's fictional)
It's easily worth $150 - this is hot and has the references to go
with it.
However, the webmaster sells it (or a re seller ever worse) for the
all time low price of $14.95 (and don't laugh - this happens)
He (or she for the ladies) sells 500 copies in the first month.
$14.95 x 500 = $7,475.00
Now that's not bad, we'd all like to be doing that right?
But let's assume that the sales copy is great, the book is
fantastic, people are raving about it all over the net.
So the price becomes $49 and he (or she - although it's usually guys
that do this stupid thing) only sells half the volume. $49.00 x 250
= $12,250.00
That's fewer products for more income. Less customer returns (if
any), less download problems, less browser based problems etc. Win
win.
How about if the owner of the book did the right thing in the first
place and sold it for $99.00.
But understanding that the price is higher, he only sells one third
of the original volume. $99.00 x 166 units = $16,434.00
Can you see where this is going?
======Side Note:======
Hey, We all know the argument "But what if because it's cheaper
more people buy? Surely the volume will make the extra profit?"
OK, let's take a look at it.
At $99.00 you sell 166 units for $16,434.00
So using the original price at $14.95 you'll need to sell 1,100 of
them to make the same amount of money.
Now, unless you're a top market with substantial previous
experience, that isn't going to happen.
And if you are a top marketer with the experience to sell 1,000+
books in this fictional month, then with your credibility, people
will still pay at least $37.00 for your book which would be $40,700
for the same amount of work.
======End Note:======
For goodness sake owners, authors and writers - stop shooting
yourself in the foot!
And for those of you who sell resale rights products (stop trying to
"give it all away" - you are the one loosing money!
And for those of you who create and sell resale rights products -
PLEASE sell by licence to a profitable price marketplace.
Don't let people butcher and degrade your work by selling your
$99.00 product for $14.94 - it's hurting you as well as us.
Please.
Over the past twelve months I've increased the access to my training
site four times. Originally it was $49.00 (I fell into the trap).
Now it's over $300.00.
Guess what, I have more people register and join now than I did at
the lower price, but even if I didn't it would still be worthwhile.
You can do the same - just believe in your products and services.
Between us, we can bring some profit back into the Online Market.
=======================================
Paul Barrs is the creator of "The
Complete Guide to Home Business Success",
as well as being a professional speaker, trainer and presenter. He
would like to offer you a free subscription to his "Home
Business Gold Online Audio e-Magazine" where each week you'll
receive a free audio seminar delivered to your in-box. To get your
subscription, go now to http://www.paulbarrs.com/
today.
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Website
Marketing Secrets Revealed!
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From
the Desk of Paul Barrs.
Queensland Australia.
Tuesday, 2.30 PM. |
Three
Years Ago my Finances were on the Brink of
Disaster - My First Website took Six Months to
get Online and didn't Make a Cent ...
Last month I created a Brand New Website in
just 5 days - and it Generated
$11,357.00
in Less
Than a Week!
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