Quick Tip To Anyone Having Trouble With Pricing Products

6 replies
I know some people have trouble wrapping their head around
pricing products. Especially information products. Some people
think "how can I charge $50 for information that can be found the
internet for free?"

First off, yes, it can be found for free. But finding it takes
time. Then there's the problem of separating between which
information is fact and which is bs. But that is not the point of
this thread.

This is strictly about helping to get in your head around the
fact that it's perfectly ok to charge $50 (or whatever price) for
information that can be found for free because...

People are buying results. People will pay for what they believe
the information will do for them. Not what it costs you to
produce it.

Here is an example, silly and exaggerated, but it's to get the
point across...

Do you think I could sell you a small piece of paper for
$10,000?

I could if it was the winning lottery ticket to the power ball.

That piece of paper is just that, a small piece of paper. With
some ink on it. Costs pennies to produce. But the message on the
piece of paper is where the real value is.


Hope this helps anyone having trouble wrapping their head around
pricing issues. Just provide value in exchange for their money
and it's not an issue. They give you $100 and in exchange it is
your duty to give them at least, preferably more, $100 worth of
value in return.

That's all business is. The exchange of value.
#pricing #products #quick #tip #trouble
  • Profile picture of the author KristiDaniels
    I bought a one page report once for $97.

    It had the test results for various formats for Adsense ads. I chose the best performing format from that one page report and changed by Adsense sites at the time.

    My Adsense income instantly increased from $420 per day to $3,200 per day.

    That one page pdf file paid for itself in less than 30 minutes and increased one source of income at the time by almost eight times to over a million dollars per year.

    That was a long time ago, but I completely agree. We aren't selling page counts. It is the information itself that is or isn't valuable.

    I would have been happy to pay $10,000 for that one sheet of paper. It would have paid for itself in less than a week.
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    • Profile picture of the author Vagabond 007
      Originally Posted by KristiDaniels View Post

      I bought a one page report once for $97.

      It had the test results for various formats for Adsense ads. I chose the best performing format from that one page report and changed by Adsense sites at the time.

      My Adsense income instantly increased from $420 per day to $3,200 per day.

      That one page pdf file paid for itself in less than 30 minutes and increased one source of income at the time by almost eight times to over a million dollars per year.
      $3,200 a day! Nice!

      I would have been happy to pay $10,000 for that one sheet of paper. It would have paid for itself in less than a week.
      Exactly.

      On the other end of the coin, I see people complain that they didn't learn much after buying X product. That is the wrong mindset to have.

      If I learn just ONE thing from something I feel it was worth it. Your personal example is perfect to get this point across...you learned one thing and it increased your income 8 fold.

      Thanks for sharing.
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  • Profile picture of the author serifshorg
    this really helps. In fact this had been my problem for quite some time now. Thank you for this fact and encouragement. But i will say that some scammers are making information unbelievable to end users due to the inability of such information to fulfill its promise
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    • Profile picture of the author Vagabond 007
      Originally Posted by serifshorg View Post

      this really helps. In fact this had been my problem for quite some time now. Thank you for this fact and encouragement. But i will say that some scammers are making information unbelievable to end users due to the inability of such information to fulfill its promise
      You're welcome.

      The part I put in bold, that's a whole other thread. But I know what you mean. Tons of scammers out there. It's unfortunate.
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      The Ultimate Sales & Marketing Mind Map (Just updated - now twice as big!) - scott_krech - "Quite possibly one of the BEST WSO's ever."

      www.UltimateMindMap.com


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  • Profile picture of the author rondo
    "First off, yes, it can be found for free."

    Not always. Many of us develop original information and unique systems.

    So I disagree with that point but otherwise I think you've made a good post.


    Andrew
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    • Profile picture of the author Vagabond 007
      Originally Posted by rondo View Post

      "First off, yes, it can be found for free."

      Not always. Many of us develop original information and unique systems.

      So I disagree with that point but otherwise I think you've made a good post.

      Andrew
      Andrew, that was not the point of this thread. Of course not EVERY SINGLE THING can be found. A whole other thread could be started on getting information on the internet.
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      The Ultimate Sales & Marketing Mind Map (Just updated - now twice as big!) - scott_krech - "Quite possibly one of the BEST WSO's ever."

      www.UltimateMindMap.com


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