![]() | | ||||||||
| |||||||
![]() |
| | LinkBack | Thread Tools |
| | #1 | |
| Business Man War Room Member Join Date: Jul 2008 Location: Globe Trotter from Delhi, India
Posts: 1,963
Blog Entries: 12 Thanks: 266
Thanked 459 Times in 145 Posts
|
Hi, This question seems to be asked every now and then... Quote:
Systems- That have been proven to work, systems that work like machines. So why is it so different online? If I could give you a ready made system that has the potential to generate $10K per month, ALONG WITH THE training that is required to make the systemwork for you, then why wouldn't I be entitled to charge you $50K? Why wouldn't you or anmyone else for that matter invest 50K in a system And training for operating the system that generates $10K per month or more? My point is... $2K is just the low end of the high ticket items... very very low. Obviously I never sell crap... I don't even give crap away for free... I deliver value. And when people choose to buy from me, they make that choice based on the value that I have given to them in the past. Sure there would be ten that wouldsay Lakshay Behl is a boatload of Sh1t. But then there would be 90 more who'd be really profiting from whatever I deliver.. Or at least have the potential to do so. If you can sell something that works, then name your price. If you can selll exclusive systems custom built for the client, just name your price. if you have the system that works, then you name your price while revealing/selling the system. Its not about how much are the "Guru's" charging... its about the potential they are delivering, the value they are delivering. Finally, this online marketing business is for real... It has such a tremendous potential for anyone who is willing to put in a little bit of effort... I can only wish every aspect of life would be that easy... So 2K or 5K or 50K or 100K do not matter when it comes to a real business. The point is... if you can't see yourself spending a premium, you won't really get a premium product... You won't get the real meat of the stuff... Simply because you don't treat this business as a real business, you are not willing to invest into it. you just want to take out but not invest... neither time nor money. Many newbies spend more time lurking than working. Butf the truth is... this business has steps. People make 1 figure numbers first, then 2 figures, then 3, 4 ,5 6, 7,8 and even 9. But stepwise. It all starts from 1. Earn 1. Rinse And Repeat. When you are tired of repeating study more methods, find out which ones work for you and move on to the next step. Believe it or not... You don't know a fraction of the secrets and shortcuts related to IM... Whoever you are... Including me. if I can save up to 1 hour per week of my time using a tool, then I am sold. If you can show me how I can reduce my marketing/advertising/outsourcing budgets, I'm sold. And I am not going to complain even if 90% of the knowlecdge in your report/PDF is old hat to me. Knowledge is endless. And be prepared to pay for it... You could never know everything. -Lakshay | |
| | ||
| | |
| | #2 |
| Guest
Posts: n/a
|
I have a tools that can save you many hours per week and yes I even use the tools myself ... (sorry had to say it) Am I willing to pay big bucks for those "Top Secrets" no.. not really and I will give you one reason why. There is more way to killl a bird than I care to count. Now a Guru may have perfected his/her system but that does not mean someone else is not doing the same exact thing only in a different way. I personally do not see $$$$ everywhere I look, like you I deliver value and not crap but I also do not think charging someone an arm, a leg, and their first born is worth any "Top Secret". Just my opinion anyways... James |
|
| | #3 | |
| Senior Warrior Member Join Date: Aug 2008
Posts: 1,030
Thanks: 286
Thanked 85 Times in 71 Posts
| Quote:
and i agree if i get a good 10% of valuable and profitable information, thats all i need. theres no way everything you read/buy will contain all new information, especially if you research, test, and read alot.. people need to realize, price is not the factor. its the product, content, design, customer service, story, meaning, and lots of other factors. for those that get it, they won't have a problem charging what they want as long as the market wants it | |
| | |
| | #4 |
| Senior Warrior Member War Room Member Join Date: Dec 2007 Location: St. Louis, MO
Posts: 3,087
Thanks: 208
Thanked 211 Times in 169 Posts
| |
| | |
| | #5 |
| Advanced Warrior War Room Member Join Date: Aug 2008
Posts: 589
Thanks: 16
Thanked 65 Times in 48 Posts
|
I'm all "Guru-ed out." I wouldn't pay a fortune any more, now that I know how the "key to top-secret, get-it-now & move-out-of-your-dumpster-before-dinner-time" stuff works. This is not because I'm not open to learning, but personally I've hit my limit in studying unbalanced portions of the theory that completely misses conveying any practical/tech application. Now my purchases are laser focused to the subject I am working on at the moment. I now seek out products, they don't find me through a hyped up launch. The collective knowledge available in WSO's is great--WSO's rock. |
| | |
| | #6 |
| Business Man War Room Member Join Date: Jul 2008 Location: Globe Trotter from Delhi, India
Posts: 1,963
Blog Entries: 12 Thanks: 266
Thanked 459 Times in 145 Posts
|
You are all right with your point of views, but what I mean to say is that its not the price point of the product that counts, its the amount of money that it adds to your bottomline in the long run that matters. We all know we need our own products to make a lot of money in the IM niche, right? Then how come a majority of people on this forum never have a product with a three figure price tag? That's not an arm and a leg... neither is it worth a newborn. that's what needs to be genuinely charged for that info. Marketing funnel is benefitial for the marketer/seller. TRUE. Marketing funnel is even more benfitial for the customers... You buy a $97 product on affiliate marketing and if you implement the methods you start making a few hundred each month. that is when you get the next offer to buy a home study/video course... $397. You invest, learn a great deal of things and then implement to make a couple of thousand dollars a month... And so it moves you down the funnel... or rather you move yourself down the funnel... Learning, Earning and Re-investing. Finally you purchase a ticket to a seminar... $997. The info might not be worth $997 for most action takers, but what about the new relationships that are built over there? What about the amount of money that one single JV deal can give you? There are always two ways to look at the glass... Half empty/half filled. -Lakshay |
| | |
| | |
| | #7 | |
| Business Man War Room Member Join Date: Jul 2008 Location: Globe Trotter from Delhi, India
Posts: 1,963
Blog Entries: 12 Thanks: 266
Thanked 459 Times in 145 Posts
| Quote:
That's when you wouldn't mind paying $5K to make even $1K per month extra with no/very little effort. provided you have a business to work on and improve. And yes, if you do have a reaol business then know this- No business in the world is perfect. -Lakshay | |
| | ||
| | |
| | #8 | |
| HyperActive Warrior War Room Member Join Date: Jun 2005 Location: North of the 49th
Posts: 425
Thanks: 118
Thanked 74 Times in 50 Posts
| Quote:
I've always said that people buy what's missing in their lives and for two reasons only - to solve a problem and/or make themselves feel good. For 95% of those in the IM market, what they are buying into is -> HOPE. Unfortunately, only 5% will see any sort of success with the system/program but that's not the point or the motivating factor for the 95% who do nothing with the product. Believe it or not but the majority of people are not interested in being successful business owners however, they are interested in knowing that there is a safety net of HOPE whenever they need it and they will buy into it at any price they can afford to pay. 95% of people in the IM market are dreamers who buy into HOPE systems repeatedly because it makes them feel good about themselves and not to solve a problem today but to shelve it for tomorrow (the day that never comes). Scarcity and pre-launch anticipation works extremely well with high priced (hope) "systems". | |
| | |
| | #9 |
| Blue Collar Marketer War Room Member Join Date: Sep 2006 Location: Taxachusetts
Posts: 2,036
Blog Entries: 7 Thanks: 167
Thanked 253 Times in 93 Posts
|
I think it depends of course on the individual. Some people will spend upwards of $10k on something and STILL wont follow through. No different than you or I spending $37 on something and letting sit and collect dust. I think most people look for something they can relate to as far as a system goes, but ultimately because everyone has varied skillsets and interests, there really is no one system that fits you. The more experienced IMers may take a $5-10K product and modify it to suit them and make their money back 10 fold, while another person will simply lose their investment then piss and moan that the product sucks. In my case, if I saw a product for big $$ and it fit my business plan AND it was something I could afford...I would buy it, especially if it could not only make me money but save me money. But that's me. Some products are great additions to an existing business model, while others are whole new 'systems' designed for those starting from scratch. So I suppose depending on where you are in business would depend on what value you would associate to a particular product. In short, each of us may define value differently. ~keith ps: man, sorry for the long, erratic post, one too many coffee's today |
| | |
| | |
| | #10 | |
| Business Man War Room Member Join Date: Jul 2008 Location: Globe Trotter from Delhi, India
Posts: 1,963
Blog Entries: 12 Thanks: 266
Thanked 459 Times in 145 Posts
| Quote:
There are takers for these high ticket items... And most sales come from newbies... People who have not made any money online at all. Now there are intermediate marketers... who are not making a lot... Maybe a few thousand a month... upto miod 4 figures. These people know a lot of things.. The problem is plain and simple... they do not implement them. Simply because they are looking for some smarter/better/faster method. And when they buy these high ticket items they feel as if they have been cheated, because they knew most of whatever was discussed in the product already. But think about it.. A VERY small fact/piece of information can change the way you do your business. Take War Room for example (A very bad one at that LOL)... A single post made by Jack Duncan changed the way I conduct my business... It was just one strategy... It chaned a lot in my business. How much has that strategy been worth to me? At least $20K in direct financial benefits. PLUS a lot of time saving as well. How much would I have gladly paid for that? At least $3K... Right? That's a great bargain when you consider I'll be using the strategy for the rest of my life... And wildly profit from that. My point is... If you are not open to buying high ticket items, you won't create high ticket... You might never move past the few grand a month earning and you wil;l never be in a position to offer something worth ten or twenty or thirty thousand dollars to anyone... Hence you'd never make a 7 figure income... Unless you start outsourcing a lot... And when I say a lot... I mean a LOT. -Lakshay | |
| | ||
| | |
| | #11 | |
| Guest
Posts: n/a
| Quote:
They charge on avg $40 or more per month which to me is way too expensive seeing how the sites are very limited. My service I charge $23 per month and offer 3 times more than what these sites do and my service is worth every penny of $97 a month. Why is my service cheaper when obviosly it is worth more because someone can use my service and easily generate $500+ a month while only paying $23 ??? Well this is real simple to answer 1. I am not greedy and I do not think money is everything 2. I feel being more affordable for most will help out more people 3. Until someone starts making money $40+ a month is a lot of money 4. I whish to try and help out where I can, even if that means having a lower price on my service So you see, my service may be well worth $97 a month but there is no way on this green earth I would ever charge someone that kind of money. I guess it boils down to how one looks at life.. I want to live and survive -- I do not need for $500,000 home or a $75,000 car and etc. to survive... While I understand what you are saying and there is nothing wrong with your thinking .. I am just somebody that thinks totally different and I see things in a different light.. James | |
|
| | #12 | |
| Business Man War Room Member Join Date: Jul 2008 Location: Globe Trotter from Delhi, India
Posts: 1,963
Blog Entries: 12 Thanks: 266
Thanked 459 Times in 145 Posts
| Quote:
Exactly what I am saying... You just need to be open to the prospect of buying high ticket when the conditions you specify are met... And here's the secret: When the conditions YOU specify are met. That means if YOU feel you get value out of it.. Go ahead, buy it. If not, still keep working on your business. Important thing is... Have a business to work upon. When I started, I desparately needed a system that works very well... Or even moderately well (Although I didn't know I needed it, if you know what I mean over here) and that could have saved me $20K which was a massive debt for me... In Feb 2008. But that's another story for another time. So if you are newbie and you are setting up a business, a ready made one might be the right thing for you. If you are a veteran or intermediate marketer, you might find most value in the tools and educations/experiments related to IM. But then you do not have to buy everythig.. Simply because you can't. -Lakshay | |
| | ||
| | |
| | #13 | |
| Business Man War Room Member Join Date: Jul 2008 Location: Globe Trotter from Delhi, India
Posts: 1,963
Blog Entries: 12 Thanks: 266
Thanked 459 Times in 145 Posts
| Quote:
You are welcome to have your point of view... Its your point of view afterall. But I have the right to disagree... which I do. You think you are helping someone out... buddy... get the right mindset. If I were offering more services than the $40/mo guys, I'd charge MORE than THEM, not LESS than them. This is marketing 101... Simple business sense. If someone can make $500 per month if they implement your tools right, then I say make your system even better and bring it to the point where it makes them a thousand a month and charge $100 / mo. You see its not even about morals and ethics because even your prospects might feel there is something lacking in your quality/ service if you are underpricing. You underprice and you are dead... Plain and simple because your premium customers... err prospects are gone... to the competetion. And you are left with people who are simply not going to take action most of the times... and never make more money. And then never buy from you again. Sad, but true... Why don't you conduct a A/B split test and observe the results? I'd like to hear. -Lakshay | |
| | ||
| | |
| | #14 |
| Banned War Room Member Join Date: Dec 2008 Location: Albany, New York
Posts: 217
Thanks: 44
Thanked 13 Times in 13 Posts
|
I agree with you. Most people would rather buy into what they see as "value for money" so it doesn't matter if the product itself cost 1 hundred bucks or 10 grand. If they can see the potential it has to help them make more money, save them time or help them to improve on their current business models/systems they would probably spend the money on it, and benefit from it as well. Great insight. Steve. |
| | |
| | #15 |
| Drunken Greek War Room Member |
Short answer: Unless I'm convinced that there is clear and definite payback within 90 days, then no. Longer answer: I've paid 10's of thousands of dollars on professional, specialty training in areas that clearly enhanced my knowledge and abilities and were worth every penny. Each of those expenditures were carefully planned around my needs, budget and schedule. I don't buy Guru products during the big launches for one reason - I don't allow them to drive my business activities. To me, it seems insane to drop everything and jump on a package just because a Guru launches it. Whether or not it's a good fit is irrelevant - it's a matter of timing. I'm not about to drop everything just because a product launch is limited to one day. Really, why would I? I run numerous, successful small businesses and I know from experience that the worst thing a business person can do is allow a vendor drive their business decisions. There's nothing wrong with furthering your education and I encourage it - but I don't encourage decision making based on hype and emotionalism. |
| | |
| | #16 |
| mypromovideos.com War Room Member Join Date: Jul 2008 Location: India
Posts: 729
Thanks: 126
Thanked 81 Times in 48 Posts
|
Gurus launches usually end up in the hard drive. Usually it is a bunch of DVDS with us not knowing where to start and where to take action. If the so called guru is ready to be with us all the way without switching to the next big launch, then I am in for it. It is the support that matters, big ticket or not.
|
| | |
| | |
| | #17 | |
| Business Man War Room Member Join Date: Jul 2008 Location: Globe Trotter from Delhi, India
Posts: 1,963
Blog Entries: 12 Thanks: 266
Thanked 459 Times in 145 Posts
| Quote:
You are absolutely right. That's what I have been emphasizing... What YOU Need for YOUR business (At the MOMENT)... Is what you gotta buy. Don't let price alone determine whether or not you buy the product. But for most people, they do not have a business and are looking for hope. Sad but true. So if you or a guru or I can give them an entire business that is almost automatic... Push Button kind of thing.. then you/we deserve to charge the right amount... Nothing wrong with that, right? -Lakshay | |
| | ||
| | |
| | #18 | |
| Business Man War Room Member Join Date: Jul 2008 Location: Globe Trotter from Delhi, India
Posts: 1,963
Blog Entries: 12 Thanks: 266
Thanked 459 Times in 145 Posts
| Quote:
-Lakshay | |
| | ||
| | |
| | #19 | |
| Advanced Warrior Join Date: Oct 2007 Location: , , USA.
Posts: 717
Thanks: 33
Thanked 109 Times in 85 Posts
| Quote:
I think some people are burned out by "guru launches" that didn't live up to the hype. But then I wonder if the product not living up to the hype was the result of the product itself, or the fact that it didn't suddenly solve all the end user's problems. | |
| | |
| | #20 | |||
| Senior Warrior Member Join Date: Aug 2008
Posts: 1,030
Thanks: 286
Thanked 85 Times in 71 Posts
| Quote:
Quote:
Quote:
looking for quick fixes will not last long | |||
| "One Man's Ceiling is Another Man's Floor" "I Pay Less Attention to What Men Say. I Just Watch What They Do." | ||||
| | |
| | #21 | |
| Bob Coleman War Room Member Join Date: Oct 2008 Location: Northeast, USA
Posts: 32
Thanks: 2
Thanked 10 Times in 7 Posts
| Quote:
Internet Marketing is in many ways one of the last entrepreneur endeavors that an "average" person can get involved in and with hard work, ingenuity, and some luck create a sustainable full-time income. As in all businesses, there will be those who as a result of skill, personality, timing whatever, eclipse the masses - these become "Gurus." Conversely, there are scores of IM who are highly successful but whom we never hear about because they choose to remain outside of the public arena, quietly making their millions. The challenge for anyone breaking into IM is that the landscape is constantly changing. What worked yesterday very well, might not work as well next week. Search engines change algorithms, black hat & grey hat techniques become obsolete. The information that many of us cut our teeth on a few years ago is no longer able to keep pace with the changing environment of the Internet. Right now for example, Web 2.0 is hot; but for how long. Once every nook and cranny is exploited it to will become passe and something else will ultimately out distance it as the new wave. A major advantage of the Gurus and the Advanced Internet Marketers is the ability to capitalize their businesses. I talk to Newbies all the time who just can't make the investment in PPC, software, or even educational materials to the level necessary to tip the scales in their favor. Eventually, if they cannot turn a profit, they'll become a statistic. In conclusion, I've paid $7,500 to attend a 3 day seminar (not including hotel and expenses) in the offline world. Why, someone had valuable information I needed in order for me to get to the next level. Every investment wasn't all it was advertised to be, but most were well worth the money I invested. Caveat Emptor, that's my advice. Do your due diligence. If it's not what was advertised, let the person know and... post it here in Warrior Forum. | |
| | ||
| | |
| | #22 |
| Senior Warrior Member Join Date: Aug 2008
Posts: 1,030
Thanks: 286
Thanked 85 Times in 71 Posts
| Being able to adapt to change and capitalize it is more important now than ever. And there's so many ways to advertise online for free and paid, that if you're worried about one of income streams losing power, then you probably don't have enough diversity in your advertising and marketing. And IM is only a small piece of direct response marketing/advertising, so if you're just using 'IM' then you may not be diverse enough.
|
| "One Man's Ceiling is Another Man's Floor" "I Pay Less Attention to What Men Say. I Just Watch What They Do." | |
| | |
| | #23 |
| I'm slightly deranged War Room Member Join Date: Dec 2007 Location: Where it's all bigger ;)
Posts: 822
Thanks: 18
Thanked 25 Times in 21 Posts
|
Sometimes....I would consider it, but only from certain people and only for certain things. I'm done with the whole "how I make $1 Billion every hour with just 14 seconds of work every year". The truth is that 98% of everything is just nothing more than recycled information. No ones reinventing the wheel here...just repackaging it differently and better. I don't really pay for "secrets" or methods any more. BUT I will pay top dollar for mentoring and coaching services from very specific names. That I think is far more important and gives much more in return. |
| | |
![]() |
|
| Tags |
| fortune, greatest, guru, latest, pay, people, products |
| Thread Tools | |
| |
![]() |