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Pricing Question

by Eric Land
8 replies
Hey,

So in the next month i am planning on releasing a new product on blogging.

I am thinking about giving 10 PLR rights away for 47 dollars or something like that.

But I had a question for the newbies.

When you see a product for 7 dollars does that make you think its a bad product because its only 7 dollars or does that make you think the creator of the product is being nice?

Some Input would be great.

- Eric
#pricing #question
  • Profile picture of the author BlackWaterBlog
    Selling at cheaper prices is actually a smarter move.

    Let's say someone sells a product for $50, and another person sells a similar product for say $30-$40, who do you think is going to get more sales? The person selling the cheaper product.

    So in my opinion, cheaper sales = more reputation = even more sales.

    That's just my 2 cents worth.
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  • Profile picture of the author ss61288
    Cost / Perceived value

    If you can make the PV greater than the cost you will sell mate, and sell very well... somethings that will help you increase pv - bonuses, elements of scarcity, 'trial' periods etc
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  • Profile picture of the author Jassim
    Selling at lower price is the main theme of this forum. Peoples are getting the same products outside also. But the pricing is the main difference here, I guess for PLR rights you can fix like $27 & without any rights you can sell it for 7 - 10$ it will attracts more people.
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    • Profile picture of the author Eric Land
      Originally Posted by Jassim View Post

      Selling at lower price is the main theme of this forum. Peoples are getting the same products outside also. But the pricing is the main difference here, I guess for PLR rights you can fix like $27 & without any rights you can sell it for 7 - 10$ it will attracts more people.
      I'm thinking of selling the PLR rights to the ebook which will come with the sales page at 47 but only to 10 people.

      Then the ebook at 7

      But I was wondering if i could split test the ebook and 7 and 10 and see which gets better results.
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  • Profile picture of the author Jassim
    Between 7 - 10 is very good pricing if you target newbies in this forum. And Split test will give you nice results to increase profitability. Any way happy selling dude.
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  • Profile picture of the author PeterDudek
    I'm not an Information Marketer (yet) but in my markets I like to be the highest price in the arena.

    It's served me very well.

    Does that translate to info products? I have no idea. I'd bet it depends on the market. In the How to Make Money Online market, everyone is pretty beaten up on both ends of the spectrum and everywhere in between.

    This is a very good question.

    My suggestion...test different prices. Then roll with the winner. And don't just go with number of sales. Calculate your ROI on each price. You might make less sales with a higher price, but after considering advertising costs, there might be more profit.

    Test. Everything. Always.
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    Peter Dudek

    PeterDudek on Twitter

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    • Profile picture of the author Tom B
      Banned
      Paul Hancox has a wso for pricing. Thanks for reminding me to read it. lol
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  • Profile picture of the author Eric Land
    Well though it is going to be a wso im more worried about the blogging website in general.

    I was actually thinking maybe of giving the report away for free and having a back end product
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