One Of The Biggest Sales Letter Mistakes Made In Internet Marketing (Must Read)..

10 replies
Here it is:

Not testing price.

Of all the elements that comprise your sales page price is one of the very top (if not the top) factor when it comes to conversion rate.

Yet so few people test price.

My advice = start testing right now on any of your sites where you're not currently doing it.

The chances are good 1 out of 3 or 4 you test will be FAR more profitable.

I was reading a Ted Nicholas book recently and he often tested 4 price points with large differences between each one.

i.e $27,47, 67 and 97.

Jay Abraham also said that one offer that was $100 dearer outpulled the cheaper option by a HUGE margin in one of his tests.

This is why it's so vital to test price.

In one new market I'm in at the moment I was initially testing headlines and then said "screw it" I'm going to test price.

I've only just started this new price test but it will be interesting to see the change and I look forward reporting it back here on the Forum.

Okay...(let me catch my breath)

Here is one more thing to consider too...

Sometimes cheaper prices can work better...even if they make you a little less profit.

Why?

You get more customers to market to on the back-end.

If I could get 2 sales at $39 or 1 at $97 from every 100 visitors I'd seriously consider the lower one to be more valuable because at the end of 1 year my customer list would be twice as large...

...which if "worked" correctly can produce WAY more profit than the initial slight comparitive loss.

So to cap this post off I urge everyone to pay more attention to price in all of your offers and don't be scared to test it because people might see it.

Your increased profits are worth much more than a couple of customers who may be annoyed that they paid more (and you can always reimburse anyone who notices anyway...)

Good luck with making more money!

Kenneth
#biggest #letter #made #marketing #mistakes #sales
  • Profile picture of the author tomerc
    Thanks for that! Pretty useful
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  • Profile picture of the author Dean Dhuli
    It's a good thing if you can test the price but there are some situations when you just can't.

    For instance, I've been working with this company which has a huge customer base.

    Obviously if they sell the product to one group of people for $37 and to another group for $27, the guys who bought the product for more will come screaming and the company will lose credibility.

    Better to test the other things in this case.
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    • Profile picture of the author Kenneth L
      Originally Posted by Dean Dhuli View Post

      It's a good thing if you can test the price but there are some situations when you just can't.

      For instance, I've been working with this company which has a huge customer base.

      Obviously if they sell the product to one group of people for $37 and to another group for $27, the guys who bought the product for more will come screaming and the company will lose credibility.

      Better to test the other things in this case.
      True.

      That's one of the advantages of being a "small guy" in the marketplace.
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    • Profile picture of the author Loren Woirhaye
      Originally Posted by Dean Dhuli View Post

      It's a good thing if you can test the price but there are some situations when you just can't.

      For instance, I've been working with this company which has a huge customer base.

      Obviously if they sell the product to one group of people for $37 and to another group for $27, the guys who bought the product for more will come screaming and the company will lose credibility.

      Better to test the other things in this case.
      Joe Sugarman covers how to handles this is his books. JS&A did huge volume
      and Sugarman tested price constantly - and developed reliable ways of
      keeping customers too.
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    • Profile picture of the author maximus242
      Originally Posted by Dean Dhuli View Post

      It's a good thing if you can test the price but there are some situations when you just can't.

      For instance, I've been working with this company which has a huge customer base.

      Obviously if they sell the product to one group of people for $37 and to another group for $27, the guys who bought the product for more will come screaming and the company will lose credibility.

      Better to test the other things in this case.
      What kind of crack are you smoking?

      Have you even read Scientific Advertising! There are plenty of companies like Double Your Dating that test price all the time and they have a large customer base. Nightingale Conant, one of the biggest direct mail companies in the world, tests price all the time!

      The fact of the matter is, if a customer comes to your salespage and buys your product -- there not going to keep coming back to your salespage! They already have the product.

      And in case a couple people get their feathers ruffled, what do you do with any unsatisfied customer? You give them a refund.

      The vastly huge increase in profits FAR outweighs the tiny amount of refunds your going to get.
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  • Profile picture of the author jlandells
    What about when selling through Clickbank? Don't you have to specify the price in Clickbank? If so, how can you test price if you're selling this way?

    Thanks,
    -John.
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  • Profile picture of the author AndyBlackSEO
    Yes, I think the price thing is important. I have noticed that people sell products online for either $7, $17, $27, $47 or $97... is 7 the magic number here? Is it one of those powerfull converting numbers?
    Signature
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    • Profile picture of the author ezinedomain
      Originally Posted by AndyBlackSEO View Post

      Yes, I think the price thing is important. I have noticed that people sell products online for either $7, $17, $27, $47 or $97... is 7 the magic number here? Is it one of those powerfull converting numbers?
      woow, it's my secret i noticed in price , i'll added in my new SEO Drama Book

      Really right
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  • Profile picture of the author juniorich
    thanks for the post
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