$7 or $5...is that too low ?

17 years ago

That's a question I have asked myself. One answer to it is: it doesn't matter what the price is within wide limits, because if it's cheap, you get more sales, and if it's expensive you get fewer sales but the income in both cases is number of sales X sale price and that will be substantially the same.

The second answer to the question is, do you have a follow-up offer? If you do, then, the more sales the better because each sale is an opportunity to pitch the next offer.

Ultimately, you can only know these things by testing. Which is hard, because for accurate indications, you may only alter one variable and run the test at the same time. If you don't do that, other variables slip in and then unless there are drastic differences the indication you get is not reliable.

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allsuccess 17 years ago

Thank you Robert for showing me the other aspect of it, "follow up offer". It almost slipped off my mind. More over i am looking for more sales rather than more profit per sale.
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- BIG Mike Banned 17 years ago
  
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  allsuccess 17 years ago
  
  Thanks Big Mike, the price band of $7 or $5 on WSO is about matrics, as i have to pay $20 to post the offer. Then i need to stay positive that the ROI will be taken care of for both WSO and expenses incurred for creation of the book itself ?
  
  For which i am quite apprehensive.
  
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  allsuccess 17 years ago
  
  Thanks for that insight ! You know i had the same thoughts of being a new member...the downside, however I know that the book i am offering is of high quality and had got some good feedback from my customers both paid and free ones.
  
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allsuccess

17 years ago

Sure i could but you need to click on my signature link,optin and download the book. You can unsubscribe anytime.

That's the only way now as i can't post the link- its limited.

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dsmpublishing

17 years ago

I sell lots of re-brandables and it depends on the product in question. All but 1 is offered at $9 each and i have never had a complaint.

However my twitter one which is of high demand and a very high qiuality goes for $19 and through me offering the free version to new twitter followers i get lots of sales that way.

Have you thought of putting yours as your welcome message?

I think $7 is a great price and wouldnt lower it any more.

kind regards

sam
X

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allsuccess 17 years ago

Thanks Sam, I got your point ! However sending automated DM's to my followers is one thing that i really dislike. When i don't like getting automated DM's how can I send one.

And i am sure posting my link in welcome message is a part of solution. Sending personal tweets to each one is not a good idea as it will consume most of your time. I really need to break the ice...??
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wingsofsuccess

17 years ago

Hi

I agree with Big Mike here. If your product is good, then you can make several sales.

But the downside is...since you are new, you may not have enough credibility.
But i think you should not worry about it because remember, we all were new, at some point in time.

So just believe in your product, pay $20, create the WSO, and take the plunge!

And i wish you all success, allsuccess!

-Abhi

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allsuccess

17 years ago

Originally Posted by wingsofsuccess

Hi

I agree with Big Mike here. If your product is good, then you can make several sales.

But the downside is...since you are new, you may not have enough credibility.
But i think you should not worry about it because remember, we all were new, at some point in time.

So just believe in your product, pay $20, create the WSO, and take the plunge!

And i wish you all success, allsuccess!

-Abhi

Thanks for that Abhi. You guys really motivated me to take the right step. I'll be soon posting it on WSO for $5 or so .

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allsuccess

17 years ago

I am planning to offer my ebook Twitter Mastery for $5.57 only on WSO. Please let me know how you feel about it ?

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macD231

17 years ago

Price you have been asked is not too much for everyone so if anyone need to buy it he/she will buy it whether the price is 7/5. Cause the price you have charged is already a low one. Reducing the price will not make any sense.

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allsuccess

17 years ago

Originally Posted by macD231

Price you have been asked is not too much for everyone so if anyone need to buy it he/she will buy it whether the price is 7/5. Cause the price you have charged is already a low one. Reducing the price will not make any sense.

On WSO you need to offer a price tag that is not available to general public. I am offering $7 to public and $5.57 to warrior members as the targeted sells would be much higher and I will be able to build a personal brand by offering high quality products for less.

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Captivated Marketing

Banned 17 years ago

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allsuccess 17 years ago

Originally Posted by Captivated Marketing

I would stick it out for $5 for the first 20 customers, then up the price to $7 after 20 sales? Stopping at 40 sales etc, if it goes well.

That's a good idea ! Thanks for your input. I shall put this to test and lets see how it works our!
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andy698993

Banned 17 years ago

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edhan 17 years ago

It all depends on value. My way of pricing is giving a good price for over-value product. Say if everyone else is selling at $10 for a niche product for its value. I will go for $8 in terms of volume sales. I do not compete in price but instead I do testing of what price sells in volume. No point of selling $20 but moves slowly whereas $10 will get huge movement of sales. So, you will still require a little testing to find the best value and sale volume.
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$7 or $5...is that too low ?

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