200% Refund No question asked, When bought...all kinds of terms and condition.

Sounds like kind of a bad idea. What is so wrong with just a 30 or 60 day guarantee?

My first thought on someone who was offering double my money back is that they are crazy! Either crazy-confident in their product, or just plain crazy and they've never done business before.

My first action would be to Google the product and see what other people thought about it. I would NOT buy it until I'd read at least 20 negative reviews and 20 positive reviews.

As far as presenting the terms of exchange, replacement, and refund at the end of the sale, that's not uncommon. Have you ever walked into a Best Buy? They have gigantic signs stating their policy, but they're placed at the cash registers and you don't really notice them until you're paying or have already paid.

I would've been VERY careful and, all things considered, probably not have bought the product. 200% refund policies will not keep a company in business for long...if I were more devious, I'd buy it and immediately refund it just to make double my money back. That's a great investment for me.

-- j

Haha.. Hi Tenzho,

You're obviously referring to my latest wso. 1st: thanks for your purchase , I really appreciate it.. Of course there's must be some kind of T&C when asking for a 200% refund (like how you've asked me in my wso thread).

2nd: Thanks for your feedback, nevertheless I've stated that there will be T&C in my sales video (Although I didn't state clearly enough in my sales-page). I will include a clear T&C in my sales page.

Jeremiah

P.S. In this world, there's 2 kind of people, 1 would talk in front of you and the other would talk behind of you. I'm someone who would prefer others to stab me in the chest rather than in the back.

Terms "should" be placed in the sales pitch.

Usually its a guaranteed refund, then if you met the conditions for the double your money back you'll get the additional amount.

As far as the guarantee... research "Gary Halbert double money back guarantee"

In my case just starting out I could see some people taking advantage of that system. I will say you must be VERYYYY confident in your product!

Let me preface this with, "I am not an attorney."

I remember information I learned at a seminar about "the law and advertising," and again from another seminar on the same topic sponsored by the BBB, (and put on by the law firm where my favorite attorney works)...

...All terms and conditions about the guarantee must be stated in the advertisement. This is why you will see "fine print" at the bottom of the ad.

Whatever way the guarantee reads in the ad, is the guarantee. That's it. Period. To do otherwise goes against trade law.

If you cannot go back and change the ad, then you must live with the guarantee as stated in the ad.

The reason I attended these seminars is because I am a strong believer in the power of guarantees as a marketing tool, yet I didn't want to find myself in "hot water" over the wording my guarantees, and I didn't want to make a really outrageous guarantee knowing I would need to abide by it as written in my ads.

Jeremaih, you may need to reconsider your ad, because I think you can be forced to abide by the guarantee as stated in the ad. I'll just bet PayPal would have a fit with the wording of your guarantee.

:-Don

Well, this got very self promotional very fast. :rolleyes:

I would buy it and then ask for a refund. That's 100% ROI instantly.

I find it interesting that so many people on this forum try to "game the system" to their advantage (just look at all the threads about gaming google, twitter, pinterest,etc.) and then all of the same people are surprised and appalled when someone tries to game their system.

Anyone that offers a 200% money back guarantee no questions asked better have deep pockets no matter how good your product is.

It is not all that crazy always to offer
"double your money back" guarantee.

What if such guarantee increased
your conversion rate significantly
that even there are refunds made
and still profited more in the long run?

What if, out of all the customers
who bought the core sale, upgraded
through significantly more profitable
funnel and you know you could
profit always in the long run?

With this in assurance in mind, the marketer
can offer such guarantee and do so at
low risk.

And, for some sales letters, what I have seen
is when someone says "double your money
back guarantee", I am reading "If you don't
make twice as money as you have invested
in this product, then I will refund you."

So it's not that crazy. Just need to know
how it can be done and always offer refunds
in the terms stated.

This is making sales off of the guarantee rather than the quality of the product. A bit of a chicken #@it way to sell a product.

I'd say that it is more of a marketing gimmick. I have seen it in past on some products by big name gurus.

I don't like this crazy (and fake) refunds of 200%, because the seller will never made refunds for that highly amount. Especially now that we are in recession.
At least they will give you a 100% refunds, unless you post proofs of fail using that method.

This is my point of view.

See you soon,
Alessandro

Jeremiah, it was not a personal jab at you (even though this thread has pretty much turned into one about your WSO); but as you just mentioned your results kind of are backing up my thought process.

I haven't commented on your offer specifically, and I won't because I haven't bought it and have no intention to. I've been commenting on WSO's and refund guarantees in general. You brought your product into this voluntarily for the others to judge, so if you're hurt you kind of brought it on yourself.

does that mean when i pay your product for $100 and request a refund, I will get $200 back instead

If so, let me know when you are going to start. I will buy our product without even bother looking into what does it do

Just prepare your money lol

I've noticed no one has talked about flexing the guarantee while bashing the double your money back guarantee.

Feel free to think whatever you want, but so far everyone who is bashing it (when it is used properly) is saying it is a scam, or they wouldn't get the money, without citing any actual evidence of such.

So you think you wouldn't get the refund?

Usually the double your money back is a performance guarantee. So "use what you're buying and if you don't get "x" result then you can get double your money back.

But I haven't heard one person talk about actually using any product in question and following the guarantee and not getting the refund.

Yes, there is a right way and wrong way to use that type of guarantee.

I know from the side of selling a product, you can have a great product that describes exactly how to get the results claimed.

However getting people to take action is damn near impossible. If you can provide the results if you can get others to take action, then a guarantee like that can do wonders so people get real results.

Most people who refund (presupposing you have a quality product) have no intention of using the information or care about the product itself. Its a good way to weed out bad customers among other things.

It seems the word "scam" is thrown around too easily here. Everyone seems to be calling this WSO a "scam", simply because the seller couldn't possibly live up to his guarantee - with no plausible proof that he didn't intend to live up to said guarantee.

I don't know this fella, but just reading the posts here, my gut feeling is that this is a guy who had what he thought was a great idea to increase sales, and prove that he stands behind his product. Naive? Maybe. Dishonest? I don't want to jump to that conclusion.

Yeah, it may have been a misstep to identify himself in this thread, but again, newbie mistake.

It seems his biggest crime, if I'm reading him right, is assuming that all his customers would be honest enough not to rob him blind for such an offer (I'm sure these illusions will be dispelled in short time ).