What information would you buy for $1?

Information that's worth more than $1. If information exists, I tend to buy it. Being in the information trade I have to make sure I have information. It would be like owning a BMW dealership and having no BMWs out on the lot. It would be easier to tell you what I haven't bought: most of the ridiculous WSOs with silly and unrealistic promises. You know the sort: So Easy Even An Idiot Like You Can Make 8 Billion by Breakfast! If we're in the mood to help product creators, let me throw in the first tip: I expect 10 billion by breakfast. Now get to work. Type it up!

Tom

$1? Hmmm... A short story by any of my favorite novelists; and

More $$$$$? An accurate and updated 500 list of my target corporations that operate in my target specialized industries of my target English and non-English countries, along with their website URLs and the names, contact details (direct office numbers, mobile numbers, mailing addresses, Skype / Twitter IDs and emails) and social network profile URLs of the COOs, CEOs, CTOs, CFOs, MDs, business development executives, board advisers, VPs, CMOs and HR managers of those corporations ...

If it's only $1, odds are you can find content or information that's even better for free on blogs or YouTube.

I've bought a lot of products from different ranges. The most recent however ranged from $25, $100, $500, $1000 and $3500. That's from the company I'm currently with now.

To me, people will spend the money as long as they see and feel the value is there. They will also take action once they feel the emotional and personal connection they have with the seller which is how you present yourself and build relationships.

Did the information help me? Yes, it did! Big time in fact. It helped a lot. It's definitely better than going to college. Self-education is the way to go.

Never bought anything for $1 all were started from $3 as per my recent items that were brought by me. There are products some unusual for me, but still I bought a domain at Godaddy for $1 and it was an offer.

I am now spending some xxx amount every month to have a great income for me.

My company is in the business of product creation and I've been in business long enough to know that great products are expensive to create - they demand a lot of research, testing and brainstorming. In this business, information is power and I do spend money on that.

Having said that "good and valid information" either comes for totally free or for a good price. If someone is selling info for a buck, that tells me he doesn't see more value in it and is just there for some easy money without associated responsibilities of selling information (and yes, there are a few). I don't tend to fall for that...so probably I wouldn't want such info.

Information that is as low priced as 1$ is usually not valuable. I tend to buy information that is not overpriced, but also not seemingly cheap as that raises suspicion.

You can buy $0.01 hosting from hostgator...Its a cheap thing

For $1 I have only bought hosting for a month. And even that wasn't just $1, I paid $12 in advance
I have to say, selling something for $1 makes it seem too cheap. Many will think you're selling it at such a low price because it's not valuable.

Well, for $1 you can buy FB likes for example...but they will be fake I guess.

A buck's worth of information can easily be found on the Internet for free. If you want to sell something, concentrate on building a valuable, kick ass product and worry about the price after it's done.

I would buy anything which has a value of greater than $1 and is of my use.

Build a kick ass product that has a lot of value in it and then charge like $100-$500 for it.

Ironic thread. I woke up this morning seeing hundreds of new, yummy dollars in my PayPal account, and new subscribers to my newsletter which will lead to more money down the road, thinking I need to do this more often!

What is "this"?

My $1 WSO deals.

You wouldn't believe the income and good will the offers give me.

There is a strategy to the $1 madness. I have created a lot of WSOs and reports over the years, and I cross-refer to them in my reports. If you have ever bought a Dan Kennedy book you see him using the same strategy. (DK probably makes about a buck from his bookstore books, the rest of the price is from printing, publisher, and retailer costs and profits.)

In many of my $1 reports I include special deals for some of my products, where I have one that is relevant.

These other products often cost more than a buck. So people buy one, then they get a few more dollar reports because they're just a buck, then they get the $7 reports, the $27 reports, the $100 software at a discount, etc.

Some buyers of a $1 info report have been well worth over $100 to me - from the one initial sale.

Some buyers turn into affiliates. A couple that immediately comes to mind have referred well over $1000 in additional sales.

That is my experience. That is factual, real, actual experience from offering products for $1.

So yeah, I'm feeling good and see this thread and decide to check it out.

Then I'm met with this from fellow members who are well intentioned and have an opinion, but perhaps have not strategized the issue, thought it out, and tested it themselves ...


So that's the reason for my long post - to set some heads on straight about a different way to consider inexpensive info products.

On the other hand, the fact is sometimes price does create a perception of value.

I have a legal research report I sell for $95. I wrote it many years ago and pretty much haven't touched it since. I sell it every day. The amount earned per hour for the time spent creating it is off the charts. If you spend 10 hours writing a report and then sell 1000 copies without much additional effort it's a darn good deal.

But ... one person flat told me they refused to buy from me because it was "too cheap". Earlier this week an ecstatic buyer told me his large corporate firm would have charged him $700 for the same information. Guess who gets the further legal work? Yesterday I was paid to do some work by someone who got my report last year and was thrilled with it, so they came back to me.

One customer from a couple years ago has referred a several new clients with a worth in the five figures and has become a personal friend.

The point being whether the product is $1 or $95 - the issue is still perception and how the product is offered and marketed.

Sometimes you might lose a buyer because they do not perceive value in the price. More often, especially if you are marketing it right the prospect realizes you are offering them a great deal and the incentive is getting a customer and foot in the door so they will buy more in the future. They become a friend and customer who buys more reports and refers others.


On the flip side, last year I grabbed a free report in the WSO section, when free offers were allowed. I did not know the seller and he did not have a reputation, so free was worth the introduction. I was impressed, bought a different report and immediately signed up to be an affiliate to promote him.

If you're on my mailing list you know I rarely promote other IM products, so the referral I made got the attention of my customers and the conversion rate was over 40 percent. This other marketer couldn't believe how well my list was performing, so he of course wanted to begin promoting my products and became my affiliate.

And so it goes. Customers and friends being obtained. Value being provided back and forth. Back end offers, additional offers, related offers, and a mailing list creating significant profits - all from $1


Update: I clicked save for this post, then went and checked my email. The client who was sending me referrals, one of her referrals just sent me a referral. Nice.

Let me also add, to those who posted information for $1 can be found for elsewhere - you're wrong and making generalized assumptions from products you have not reviewed. But even if the information is available, somewhere, or scattered, I would hope your time is worth more than a buck for someone else to have done the research, collected it, evaluated and sorted through it, and prepared it into a concise and usable report.

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I bought a godaddy year account for .99 so I could flip it with a wordpress plugin theme on Flippa but I guess that's not the answer you are looking for. Basically its a crap shoot - anything for $1 dollar that looks interesting I'll buy - why? Well why not? A coffee costs more and you never know where the gold nuggets may lie...

You can check out this thread:

http://www.warriorforum.com/main-int...-wso-gone.html

JMB

The truth is I wouldn't have very much value for anything priced as low as $1. At that price point, having to go get my credit card feels like more hassle than the product is probably worth. I feel like you would make more money if you provided the information for free, built-up some good will with valuable information and up-sold the prospect with a higher priced item.

I pay $10 for books all the time across a lot of different topics. I paid $100 (actually $97) for war room earlier today . Paid a little over $1000 for several guru courses over the past few years with different degrees of success.

There are plenty of 99¢ self help e-books on amazon. Check on kindle for which books are the top sellers and that will give you an idea of what is moving. Most 99¢ reports are to the point with no frills and deliver a dramatic positive message. Key is to get a lot of great reviews. $1 equals an impulse item for most persons. Good luck to you.

• short
• to the point message
• lots of stellar awesome reviews

To be honest I've never bought information for $1. This is an odd price. I am ready to pay more or even give that money as donation, but when I see a price like that it actually makes me skip that product/information.

About a year ago I bought a $1 OTO from Declan O Flaherty. Worth every penny!

I've never bought information products for $1 but I would guess it's usually followed by a pay $99 to get the rest of it type deal.

Funny thing: people don't believe cheap advice (ie $1 information products). They believe FREE advice and they believe EXPENSIVE advice. But they tend not to believe cheap advice. So charge more!