At what point should I share my secrets?

13 years ago

Hi Lee - absolutely you should!

A lot of people would love to be able to make $1200 a month and it sounds like you have a proven system so if you feel like you have a product that can teach it in an easy to understand process then seems to me you would have a good product.

Not sure how much to charge, but maybe start off low - $17 maybe - and then keep raising the price after so many sales. It's hard to say not actually knowing what your product entails specifically.

Lee

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donhx

13 years ago

Originally Posted by cashcow

Hi Lee - absolutely you should!

Not sure how much to charge, but maybe start off low - $17 maybe - and then keep raising the price after so many sales. It's hard to say not actually knowing what your product entails specifically.

Lee

Pricing is a big issue and always a puzzle to me. I would like to learn more about that. I'm wondering what criteria you might have in mind to pick $17 of all numbers when you have not seen the system? Is there some rule of thumb?

I have always thought that items should be priced at a high end and that both the sales copy and the product itself supports that... and keeps the product sold.

A 10 page report could be worth $17 or $1170 depending on its perceived value to a user.

Also, in most other businesses, people start high and drop their price until they find a sweet spot in the market where people buy in droves. Is IM different... start low and raise it until people stop buying?

Seriously, this is a really good question. This is something I'd like to learn more about.

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cashcow

13 years ago

Originally Posted by donhx

Pricing is a big issue and always a puzzle to me. I would like to learn more about that. I'm wondering what criteria you might have in mind to pick $17 of all numbers when you have not seen the system? Is there some rule of thumb?

Well, to be honest, I picked it out of thin air. (I was actually going to say something else instead of "thin air" but then I decided it wouldn't be lady like)

Anyway, here's what I think my logic was........

This place is overrun with WSO's on all kinds of systems (making assumption that the OP was thinking of testing the waters here in the WSO forum).

Therefore, starting with a low price accomplishes 2 things - 1) you get a lot of people interested due to the low price so 2) you get a lot of buyers and, therefore, feedback on your product, hopefully lots of good comments on your WSO etc...

Of course, warriors get a special deal, so you want to start here with your lowest price (again, assuming the OP even wants to start here).

Since you know that $17 is your lowest price, you can create a sense of urgency by saying that you will raise the price after 25 sales are made.... that way people want to jump in at the lowest price.

Then you raise the price again after another 25

...and again

... and again

... until you are at the price that is fair for your product.

I picked $17 to start because that seems like a price that a lot of people would be able to afford.

Lee

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markowe

13 years ago

Too right, hey, I wouldn't say no to $1200 a month with Adsense! Or at least a good formula for getting there. In fact, because that is not an over-inflated figure, I would be MORE inclined to buy your report because I just don't buy into those How I Make $45,736.54 Every Month... type of WSOs. A realistic figure is more believable to me.

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bizwebstart 13 years ago

There are so many different ways to make money on line I think a lot of people would be really interested to know how you do it.

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tpw

13 years ago

Absolutely yes.

While $1200 is not a living wage, it is more than a lot of people make online.

And for us pros, it would be very interesting to see as well. I have more than 100,000 pages online, and yet, I only earn $150 per month on adsense. LOL

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colinph970

13 years ago

It depends on what you demonstrate......offer a few review copies with honest feedback from those who take a review copy.....if the reviews are positive then you will sell lots of copies of your product....its a risk but not if your product is worth it!

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MichaelAppleton

13 years ago

$1200+ a month with adsense - You would have people q'ing to buy your product.

Drop me a PM when you have the finished article, I would be more than happy to review it for you :p

Goodluck mate

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CrhisD

13 years ago

Another thing to consider is that $1200 is a living wage in many parts of the world, and many of those parts are online

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webairalex 13 years ago

I agree 1200 a month is something totally believable, i would definitely buy that product before anything else that seems far fetched. I also commend you by actually thinking of devulging some trade secrets to newbies gosh knows we need them.
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flipfl0p 13 years ago

Yes you should teach it, but not in a WSO. If You are already making $1200 online then what would you loose in 1 hour of extra work daily? Nothing right?

Why not WSO? More and more WSO creators today are not giving out everything a newbie needs to know because they are scared that time will come that they wll not be able to teach anything..

E.g WSO1 will not give you everthing you must buy The Gur's WSO2 and WSO 3 to complete the whole process. That leads your Readers something missing, they will be complaining etc. Also most of the readers are smashed with tons of informations from the so called gurus that teaches them "part" of the inforamtion that they need to know. So that is more trouble selling your stuff.

I suggest "don't create a WSO and prepare for coaching lessons" where you can spend time and give full time assistance to your apprentice. Make sure that they make money before you let them go. Also make your Price high around $200 so that not everydoby will know your secret. This will not sell high and expect it to be. In 1 month you can have atlest 2-3 apprentice that's $400-$600 extra. You'll not receive a lot of complaints and you'll have time to work with your real money making strategy in adsense.

WSO maintenance is Time Consuming answering all the questions but Coaching wields a different thing. Also on the Apprentice side $200 is not worth anything if you can prove to them that you are really going to teach them everything to make $1200 monthly.

It's very easy to satisfy 3 persons that you are coaching an hour daily than 300 guys who bought your WSO...
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- jlgbuss 13 years ago
  
  Originally Posted by Rayson14
  
  I suggest "don't create a WSO and prepare for coaching lessons" where you can spend time and give full time assistance to your apprentice.
  
  Great suggestion... That kind of knowledge will be somehow lost in a report or ebook.
  
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Tonybuk

13 years ago

Darn, beat me to it!

was going to offer my services as 'beta tester' as well!

Seriously though, it sounds like a good product, and for some people starting out $1200/month is a VERY liveable wage, I have had full time jobs in UK and earnt less.....

TonyB

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Andyhenry

13 years ago

Hi Lee,

I'll go the other way then and say no ;0

You're making decent money - great.

It's way to much effort to get people to listen to you above the noise and crap that's blasted at them constantly to be worth doing just for the money.

So - keep your secrets to yourself and keep making money

Andy

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cashcow

13 years ago

Originally Posted by Andyhenry

Hi Lee,

I'll go the other way then and say no ;0

You're making decent money - great.

It's way to much effort to get people to listen to you above the noise and crap that's blasted at them constantly to be worth doing just for the money.

So - keep your secrets to yourself and keep making money

Andy

As usual, Andy has a great point and one I didn't even think about - you should really consider how much making this product, putting the systems in place to sell it and the customer support will take away from your site building.

Lee

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Supernatural_fan

13 years ago

You should have total confidence in the fact that you could easily become someone's role model with this kind of monthly earnings. You should be proud of your success, and as long as you know how to translate it into words, I'm sure a lot of curious people will want to buy it. Just don't make it too expensive because of the obvious: those interested in buying such an e-book don't have a lot of money to spend on their future "life saving" book. So anything between $20 and , let's say, $50 should be ok I guess. Can't really tell since I have no idea about the number of pages, the actual story etc. Anyway, good for you that you've made it!

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WhamSoft 13 years ago

Just reading through all the comments, I'm blown away.

The guru's have a knack of making you feel like crap even if your doing pretty well, I guess there is a product for every person in every circumstance.

Some people want to make a million, some just want to make their first dollar.

=> Little adsense update today looks like my first $100+ day with adsense it's normally around $40-$50, I'm on such a high right now.

Lee
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- flipfl0p 13 years ago
  
  Originally Posted by WhamSoft
  
  Just reading through all the comments, I'm blown away.
  
  Yeah you are really another internet marketer... I don't know why but I'm really irritated when I read the phrase
  
  "I'm Blown away"
  
  Sorry whamsoft I'm not pertaining to you. Im pointing out on WSO's out there who's using the phrase. That word is an exaggeration created and emphasized by desperate, exaggerated and lying internet marketers.
  (OOOPS! I'm not spoiling for a fight or anything. That's the meaning of the word "FOR ME")
  
  That's a big turn off for me, I really don't know why. It's like when a marketer gives that word in a WSO or a sales page, the PREselling and credibility part is hurt gradually. "for me"
  
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AFI

13 years ago

Originally Posted by WhamSoft

Hi,

I've been running my own offline business for many years now and I'm pretty successful, about a year ago I decided to focus on purely internet based incomes with a specific interest on residual incomes (autopilot sites).

Over this past year I've been doing really well and built a solid online business in many different area's and I want to share my success with others but my question is "Do I make enough money to be worth teaching it to others?"

I'd like to release a product that show's how I make $1200+ a month with adsense. Is this enough income to teach about? How much should I charge for such a product?

I'm tittering on the edge of product creation, any help would be appreciated.

Thanks
Lee

Let me know when you've released it. I'd be willing to give it a look.

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Doug Slaton

13 years ago

I say go for it. It's a little bit like the fastest gun in the West... but there was always someone faster.

To anyone making less than $1200 a month you're the expert. To be able to teach people you don't have to know everything about a subject or even way more than others. Just having a little bit more knowledge than the next guy can put you in the position of being a teacher.

How much should you charge??? There's the million dollar question! I've worked fairs and trade shows for years and to me it doesn't seem that the price point is nearly as important as the value added. You know, the part about "but wait there's more".

You could try putting your product out there for a price you'd like and then if sales don't follow start adding bonuses to get the perceived value up to a point where sales come easy.

Another possibility is the split test. Half your prospects get one price and half your prospects get another price.

Price setting is part art, part science and part cost of goods but the real key is to be sure to give good value at whatever price you ultimately choose.

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Adrianne_

13 years ago

I'm not sure why you would ask is $1200 a month enough to give advice. There are people on the net who can bearly make $10 bucks a month on a regular basis so to get to where you are would be a dream come true for a lot of people. Whatever advice you can pass on will only help improve your credibility, particularly if people find value in what you have to offer.

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George Chernikov

13 years ago

At the risk of playing the Devil's advocate here, I'm always inclined to take such things with a grain of salt.

One question that immediately pops to mind is - if you are making $1,200 a month with Adsense, why would you want to spend time on and create competition by launching your own product, instead of scaling your Adsense efforts?

To give you a perspective - which, as an offline business owner you are probably all too aware of - I manage online marketing for a Swiss financial service provider delivering a unique financial and legal solution revolving around dormant Swiss shelf corporations. Now, it's not too difficult to find a shelf company over here, but the real trick is repackaging and restructuring it to make it possible for it to provide the services that make us unique.

The know-how that goes into the above is a closely guarded secret, and we'd rather die that create competition for ourselves by sharing with others how we do it. We'd be basically saying "Hey, guys, here's how we make $xx,xxx a month - and now, you can too!"

I know the Internet is a big place and all, but whenever I see promises by anyone offering to share their proven success methodology, I can't help but wonder - if it's making money for you, why would you want to let it make money for someone else, creating competition in the process?

Just my two cents.

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wendymay1

13 years ago

Hi Lee

Your absolutely right. You should start promoting your success and turn it into a ebook for a price. Many people will definately buy from someone who is successful. Your figures are quite realistic to Newbies and newcommers. At least there is a realistic threshold to aim for.

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QuinNguyen

13 years ago

I rather see an authentic product with real monthly income then those guru who fabricated their earning. So, I guess there is no minimum amount as long as you really teach the people the right way to it.

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At what point should I share my secrets?

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