Biggest Internet Marketing Firesale - 5 Steps To Making Some Quick Cash
Posted 11-16-2008 at 11:55 PM by fxmmorale
Updated 11-16-2008 at 11:57 PM by fxmmorale (Add category)
Updated 11-16-2008 at 11:57 PM by fxmmorale (Add category)
Over the last few years the concept of a firesale in internet marketing has become an effective way to generate quick cash. Internet marketing firesales in general represent a sell off of high quality products at rock bottom prices for a period of a few days with the price rapidly going up until the sale ends.
There have been some insanely profitable success stories in the past using this technique, others have made the attempt to imitate these financial windfalls only to experience less than stellar results.
Here are 5 steps that you can take to insure a profitable firesale of your own:
1) Make sure to feature quality products that are worth promoting and will generate some excitement. If you push the same old tired resell rights products everyone else is pushing, your jv partners and potential prospects won't respond.
You can go ahead and create unique and exclusive products or hire someone else to create them for you. Present products that are in line with what the market wants.
2) Create an unbelievable offer, one that will have people thinking: "this is too good to pass up, I better jump on this right away!" An incredible offer can have the similar effect of a buying frenzy in the stock market. Imagine people falling over themselves in an attempt to snatch up your offer before it's gone? Now that's value.
3) Present money making opportunities for your customers by offering a customer only affilate program. Not only will you profit from their purchase, but you can also profit from the purchases their contacts make.
4) Stick to your guns when it comes to raising your prices and closing down your event. The sense of urgency that is manifested by fear of loss can produce a dramatic increase sales. If your sale is 5 days then keep it at 5 days or maybe even one day before, but don't go beyond your established time and risk lowering the credibility of your offer.
5) Enlist the help of as many power players as you can, to create a buying frenzy for your offer. If you try to go it alone, the odds of hitting big numbers are low. By recruiting as many jv partners as possible, you can get a buzz going that will skyrocket your sales.
Nando
There have been some insanely profitable success stories in the past using this technique, others have made the attempt to imitate these financial windfalls only to experience less than stellar results.
Here are 5 steps that you can take to insure a profitable firesale of your own:
1) Make sure to feature quality products that are worth promoting and will generate some excitement. If you push the same old tired resell rights products everyone else is pushing, your jv partners and potential prospects won't respond.
You can go ahead and create unique and exclusive products or hire someone else to create them for you. Present products that are in line with what the market wants.
2) Create an unbelievable offer, one that will have people thinking: "this is too good to pass up, I better jump on this right away!" An incredible offer can have the similar effect of a buying frenzy in the stock market. Imagine people falling over themselves in an attempt to snatch up your offer before it's gone? Now that's value.
3) Present money making opportunities for your customers by offering a customer only affilate program. Not only will you profit from their purchase, but you can also profit from the purchases their contacts make.
4) Stick to your guns when it comes to raising your prices and closing down your event. The sense of urgency that is manifested by fear of loss can produce a dramatic increase sales. If your sale is 5 days then keep it at 5 days or maybe even one day before, but don't go beyond your established time and risk lowering the credibility of your offer.
5) Enlist the help of as many power players as you can, to create a buying frenzy for your offer. If you try to go it alone, the odds of hitting big numbers are low. By recruiting as many jv partners as possible, you can get a buzz going that will skyrocket your sales.
Nando
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