Please Put A Minimum Sale Price On Every WSO

55 replies
I would love to see a minimum sale price on any WSO. I think it could lead to a lot more quality offerings and keep the quality of the forum even higher.

What do you think?
#minimum #price #put #sale #wso
  • Profile picture of the author Bill Farnham
    Originally Posted by PPC-Coach View Post

    What do you think?
    I'd love to see Shania Twain in a teddy standing at the foot of my bed every morning when I wake up.

    I don't think that is going to happen, either...

    ~Bill
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    • Profile picture of the author Steve B
      PPC-Coach:

      I don't understand your rationale for thinking a minimum price is going to lead to higher quality.

      I've purchased WSOs from $1 to $49 and I see no relationship between price and WSO quality.

      Maybe higher prices will be seen as a good thing by sellers, but by the same token, a higher price in the eyes of the buyer may limit some sales.

      I'm guessing there are a lot more buyers than sellers, so I don't understand how you come to the conclusions you do.

      Steve
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    • Originally Posted by Bill Farnham View Post

      I'd love to see Shania Twain in a teddy standing at the foot of my bed every morning when I wake up.

      I don't think that is going to happen, either...

      ~Bill
      Ahh, Shania!!!
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    • Originally Posted by Bill Farnham View Post

      I'd love to see Shania Twain in a teddy standing at the foot of my bed every morning when I wake up.

      I don't think that is going to happen, either...

      ~Bill
      You forgot the 'with breakfast in bed' part... :rolleyes:
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      • Profile picture of the author Alexa Smith
        Banned
        Originally Posted by MoneyMagnetMagnate View Post

        You forgot the 'with breakfast in bed' part... :rolleyes:
        That sounds like the one-time-offer upsell not mentioned on the sales page itself, I think?
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        • Profile picture of the author Jill Carpenter
          Originally Posted by stevenjacobs View Post

          i dont want to pay for a crapy 3 page report for 17.
          How much should a crappy 3 page report cost?:confused:

          If it's crappy, I expect to get paid to read it. :p
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    • Profile picture of the author Christine2011
      Originally Posted by Bill Farnham View Post

      I'd love to see Shania Twain in a teddy standing at the foot of my bed every morning when I wake up.

      I don't think that is going to happen, either...

      ~Bill
      LOL, good one.
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  • Profile picture of the author sbucciarel
    Banned
    I don't think it's anybody's business what people charge for their products.
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    • Profile picture of the author Dan C. Rinnert
      Well, if you require a minimum price on WSOs, that would effectively eliminate free WSOs, no? Is that really desirable?
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    • Profile picture of the author Suthan M
      Originally Posted by sbucciarel View Post

      I don't think it's anybody's business what people charge for their products.
      Fair. I dont think its anybody's right to tell someone what to price their product.

      I am not a big supporter of the "low ball" pricepoint, but i dont plan to force it down anybody's throat. Its a fair and free market, and it should be let to be to take its course.
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      • Profile picture of the author AdwordsMogul
        Originally Posted by Suthan M View Post

        Fair. I dont think its anybody's right to tell someone what to price their product.

        I am not a big supporter of the "low ball" pricepoint, but i dont plan to force it down anybody's throat. Its a fair and free market, and it should be let to be to take its course.
        Even though I wouldn't want it to be forced, from where I stand it would be great if there was one, possibly by consensus.
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      • Profile picture of the author Ben_R
        Originally Posted by Suthan M View Post

        Fair. I dont think its anybody's right to tell someone what to price their product.

        I am not a big supporter of the "low ball" pricepoint, but i dont plan to force it down anybody's throat. Its a fair and free market, and it should be let to be to take its course.

        the concept of a helping people out and giving back is always a motivation aswell as sales -

        alot of people can only afford the lower end wso's which is fine they need all the help they can get : )

        - in comparison with Amazon they are v reasonably priced -

        amazon sell plenty of books for 0.01 p plus the price of posting and many products below 5 $ --

        what might help the quality of wso's is something else - its already addressed with war room membership to show your serious and want to help the forum and a minimum post count
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  • Profile picture of the author onSubie
    Why would I want to pay more for a WSO???

    If the minimum price was $9, that is a lot of extra cash I would have had to fork out for the dozens of WSOs I have picked up for $5 or $7 from being on the seller's email list.

    As a seller, if you want to make more- then set your price higher.

    Having purchased many digital products both as WSOs and from Clickbank, etc. I have found that a higher price does not automatically equal higher quality.

    Or are you just looking for the WF to support your higher WSO prices by forcing competitors to do the same?

    "I can't compete with these $5 and $7 WSOs. The WF should force them to sell at a higher price so I can justify mine"

    Is that what you are saying?

    Mahlon
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  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by PPC-Coach View Post

    What do you think?
    I don't think free WSO's and $1 WSO's - of the type often promoted here for list-building purposes, in accordance with an established, proven method - should be disallowed, and can see no chance of it happening anyway. The forum is selling advertising space to WSO providers, after all.

    I do think that Warriors in the IM market, collectively, have shot themselves in the foot by training their market "only to buy cheap stuff", but that's a different matter altogether, and I don't see a minimum price requirement as a "solution" to it, anyway.
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  • Profile picture of the author kindsvater
    If a price is "too low" so you don't think it has quality - don't buy it.

    Keep in mind that prices you think are low, priced at U.S. income levels, can be quite significant to Warriors in other countries with a completely different standard of living.

    .
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    • Profile picture of the author Syamsul Alam
      Originally Posted by kindsvater View Post

      If a price is "too low" so you don't think it has quality - don't buy it.

      Keep in mind that prices you think are low, priced at U.S. income levels, can be quite significant to Warriors in other countries with a completely different standard of living.

      .
      Yes... so true!! $10 is like $100 in Indonesia, I can pay my rent, internet bills, college (if I have to but for now my parents pay it for me because they love(?) doing it), foods, vacation with only $280 per month.

      Thanks to aweber's and getresponse's recurring commission, I manage to achieve it quite easily. And their great service doesn't hurt either.
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  • Profile picture of the author Michael D Forbes
    I would like to see a minimum price of $97 for WSO's. That way I can be sure I can get only super duper top-notch stuff, because It's well known that NO ONE will offer junk for $97. Quite the opposite, but very nearly related, is the fact that NO ONE will offer high quality material inexpensively.

    Did I get this right?
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    • Profile picture of the author Syamsul Alam
      Originally Posted by Micheal D Forbes View Post

      I would like to see a minimum price of $97 for WSO's. That way I can be sure I can get only super duper top-notch stuff, because It's well known that NO ONE will offer junk for $97. Quite the opposite, but very nearly related, is the fact that NO ONE will offer high quality material inexpensively.

      Did I get this right?
      Um... we don't need super duper top-notch stuff to learn how to make money I think, at least for me....

      While it's a good thing to learn super duper top-notch stuff, but most of us come to WSO section, pay WSO for $10, mainly to find out how to enhance our business and make more money, not to pay high price for the sake of learning.

      Like someone in this forum whose I can't remember his name said "All technique in WSO work..." I think all we need is goal, simple plan, money to invest, action to take, and some common sense...
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  • Some WSO's are free. The biggest benefit to a WSO is the list it generates.

    Hence $1-$4 WSO's.
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  • Profile picture of the author vok
    Sounds anti competitive, you do realise price fixing is illegal right?
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  • Profile picture of the author LegionNate
    I like a minimum sales price like I like a minimum wage... not at all.
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  • Profile picture of the author JSThompson
    I am against fixed pricing. I would rather create quality hotsheets and sale them as impulse buy then write a huge ebook and try to persuade someone to pay $27-$50 or more.

    Each person has their own business model and goals.
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    • Profile picture of the author JohnMcCabe
      Putting a minimum price on WSOs would absolutely accomplish two things.

      > Cheap crappy WSOs would be more expensive crappy WSOs.

      > Cheap high-value WSOs would be more expensive high-value WSOs.

      I think that about covers it...
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  • Profile picture of the author stevenjacobs
    Banned
    There should be no minnuim price why would there be, i dont want to pay for a crapy 3 page report for 17$s.
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  • Profile picture of the author Michael Oksa
    Originally Posted by PPC-Coach View Post

    I would love to see a minimum sale price on any WSO. I think it could lead to a lot more quality offerings and keep the quality of the forum even higher.

    What do you think?
    I think that my REAL answer isn't even close to being addressed as a potential response to your poll.



    ~M~
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  • Profile picture of the author Steven Fullman
    An interesting sub-discussion to be had around 'actual price vs perceived value', no doubt...which I reckon was the OP's real reason for posting...whether he knew it or not.

    Imagine a world where the minimum WSO price was $97...or $197...

    Isn't the minimum 'guru' price $1997 these days?

    So isn't the OP's point worth serious consideration?

    Maybe yes, maybe no. I think no. My reason is...the WSO is a breeding ground for new products, pricing strategies, guarantees, offers, copy, and talent.

    You pay your fee...and you learn. Fast. Like it or not, many of the best contemporary IM superstars cut their teeth running WSO's.

    Based on that...I can't agree with a price formula.

    Sometimes you need to work through the gears...that's where *this place* is so invaluable.

    Cheers,
    Steve
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  • Profile picture of the author Dennis Gaskill
    I'm thinking the FTC would be interested in this idea.
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    • Profile picture of the author LegitIncomes
      Originally Posted by Dennis Gaskill View Post

      I'm thinking the FTC would be interested in this idea.
      So am I....price fixing...or something along those lines.
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      • Profile picture of the author Michael Mayo
        Originally Posted by LegitIncomes View Post

        So am I....price fixing...or something along those lines.
        Okay, I re-read the thread a few times before posting this...lol
        Maybe I'm a little thick tonight but where did Dennis assert that it was You
        that wanted to Price Fix anything and deserved the FTC's attention???

        Just Asking(Maybe I missed it?)
        Have a Great Day!
        Michael
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        • Profile picture of the author FredJones
          Oh goodness - why so in an open market?

          What stops you from free giveaways? What stops you form paid giveaways? Surely, I know what's the best for my business, and that need not apply on yours?

          Think of sites that allow only a single price-point - such a $5 and $4 and so on. So unless your product or service fits the bill, you are not selling there.

          Do you want every WSO to become almost like that?
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        • Profile picture of the author LegitIncomes
          Originally Posted by Michael Mayo View Post

          Okay, I re-read the thread a few times before posting this...lol
          Maybe I'm a little thick tonight but where did Dennis assert that it was You
          that wanted to Price Fix anything and deserved the FTC's attention???

          Just Asking(Maybe I missed it?)
          Have a Great Day!
          Michael
          ??? I'm not following...not at all. I am tired though....too tired I guess, lol.

          My first thought when I saw the thread title, was "Would that even be legal?", "Would it be something similar to price fixing?"....and then I saw the comment Dennis made, and assumed he was thinking along the same lines...that's it.
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          • Profile picture of the author Dennis Gaskill
            Originally Posted by LegitIncomes View Post

            ??? I'm not following...not at all. I am tired though....too tired I guess, lol.

            My first thought when I saw the thread title, was "Would that even be legal?", "Would it be something similar to price fixing?"....and then I saw the comment Dennis made, and assumed he was thinking along the same lines...that's it.
            Yes, you were picking up on the same thought I had.

            @Michael Mayo - I only meant the OP's proposal was probably illegal and would be something the FTC would look into if it were to happen. Thanks though.
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  • Profile picture of the author travlinguy
    Yeah, and I think the government should force employers to pay brain dead drones with no skills a minimum wage...
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  • Profile picture of the author LarryC
    I suggest setting a maximum price instead. I don't really want to pay any more than $7 for any WSO, so let's make that the limit.
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  • Profile picture of the author Michael Oksa
    HEY!

    I just realized something...

    We already have a minimum price, and it is $0

    ~Michael
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  • Profile picture of the author J Bold
    Originally Posted by PPC-Coach View Post

    I would love to see a minimum sale price on any WSO. I think it could lead to a lot more quality offerings and keep the quality of the forum even higher.

    What do you think?
    Honestly, Will, I understand the motivation for why someone would say this but I don't like the idea in practice.

    It's a free market. People can set what prices they want. It functions on it's own and doesn't really solve anything.

    I've seen fantastic WSOs for $9 and horrible ones being sold for $27. Those may be special cases but price is not always the greatest indicator. Price often may just be an indication of how much the seller wants to make for each sale whether it's truly worth it or not.
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  • Profile picture of the author Aubaine
    Isn't the idea of warrior forum to help other marketers grow, learn, prosper, and hopefully make a nice earning while doing so?

    Honestly, if it wasn't for cheap WSOs, I probably would have wasted a ton of money using Google, buying products I found from searches... And costing myself a fortune, in turn quitting the quest and returning to my life ending 9-5 cubicle of death. So no thank you to a minimum price.

    You should be able to price you product how ever you wish!
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    • Profile picture of the author J Bold
      Originally Posted by Aubaine View Post

      Isn't the idea of warrior forum to help other marketers grow, learn, prosper, and hopefully make a nice earning while doing so?

      Honestly, if it wasn't for cheap WSOs, I probably would have wasted a ton of money using Google, buying products I found from searches... And costing myself a fortune, in turn quitting the quest and returning to my life ending 9-5 cubicle of death. So no thank you to a minimum price.

      You should be able to price you product how ever you wish!
      I agree.

      The point, in theory, of the WSO section is that you are giving a quality product for a very affordable price.

      At least that's just how I look at it.
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  • Profile picture of the author JoeMartin
    I understand the thought that maybe a minimum price limit might stop some of these 15 minute, 10 page reports on nothing of value. BUT it would also cut out some great reports that I've bought. If you simply create a minimum price then those crappy reports will just increase in price. Also the WSO's are a great way to build your list while offering cheap or even free reports. This may not be liked by some people but I believe it is a legitimate way of doing business.

    I can understand what you are thinking, it's just unlikely to happen and might cut out on some great reports at the same time.

    -Joe
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  • Profile picture of the author sal64
    Great idea!

    Instead of cheap crap, we can buy expensive crap.

    Awesome.

    Whilst we are at it, let's tell people what they should and shouldn't buy.

    Frankly the Shania Twain idea appeals to me more.

    WSO's are what I call PPS's... Pay Per System. Whenever I need to learn something I just pop over to the store to get it. No need to buy the whole store.
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  • Profile picture of the author HeySal
    Hey - I have a fun idea.

    Why doesn't everyone who has really great ideas for how to improve the forum just pm their ideas to Allen Says. I'm sure trying to figure out how to run this forum and make it a success keeps him up many a night and that he would really appreciate help from all of you. That way you would really get the personal credit coming to you for your ideas, too.

    I'm sure he will appreciate your guidance.
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  • Profile picture of the author ok123
    Fixing a minimum price for WSO's is not going to do any good to quality of the reports or the sellers.

    Instead what can be done is there can be some thing like a long term rating system designed for each WSO seller which will help buyers with one more criteria to look at before buying.

    May be there can be a separate section for PREMIUM WSO's - something like flippa's high end websites and access for this section should be limited to previous WSO posters with good rating
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    • Profile picture of the author Paul Myers
      First things first: Y'all need to think before throwing around legal terms. I am not a lawyer, but I rather seriously doubt that saying "You can't sell anything here below $XYZ price" would qualify as price-fixing in any legal sense.

      Second: I don't set policy here, but I'd be more than a little surprised to see Allen change the rules to put a minimum price in place. On top of being waaaay too intrusive, it goes against the "encourage the best deals possible for the members" philosophy.

      Third: This is not a political issue, and anyone who used the word "socialist" or any derivative of it in this thread should be glad I didn't give you a month's vacation certificate. It was a near thing. Not a one of you, by the way, seem to have the faintest notion of what the word or philosophy means: Government ownership or control of the means of production and distribution of goods.

      Not exactly analogous to the proposed concept of "We don't want people selling cheap-assed crap here."

      Note that the previous comment is not meant to start this off on a political discussion. Just to show that too many people here talk out of their... hats. Mama should have warned you about using words when you don't know what they mean.

      Which reminds me... I need to go feed the cat.


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      • Profile picture of the author LegitIncomes
        Originally Posted by Paul Myers View Post

        First things first: Y'all need to think before throwing around legal terms. I am not a lawyer, but I rather seriously doubt that saying "You can't sell anything here below price" would qualify as price-fixing in any legal sense.

        Second: I don't set policy here, but I'd be more than a little surprised to see Allen change the rules to put a minimum price in place. On top of being waaaay too intrusive, it goes against the "encourage the best deals possible for the members" philosophy.

        Third: This is not a political issue, and anyone who used the word "socialist" or any derivative of it in this thread should be glad I didn't give you a month's vacation certificate. It was a near thing. Not a one of you, by the way, seem to have the faintest notion of what the word or philosophy means: Government ownership or control of the means of production and distribution of goods.

        Not exactly analogous to the proposed concept of "We don't want people selling cheap-assed crap here."

        Note that the previous comment is not meant to start this off on a political discussion. Just to show that too many people here talk out of their... hats. Mama should have warned you about using words when you don't know what they mean.

        Which reminds me... I need to go feed the cat.


        Paul
        I'm not a lawyer either...but reading this definition (and I don't know if this is the legal definition or not) it certainly seems it COULD be interpreted that way.

        "Price fixing is an agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand. The group of market makers involved in price fixing is sometimes referred to as a cartel.
        The intent of price fixing may be to push the price of a product as high as possible, leading to profits for all sellers but may also have the goal to fix, peg, discount, or stabilize prices. The defining characteristic of price fixing is any agreement regarding price, whether expressed or implied."
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  • Price-control? artificial regulations in an open market? big-brother attitude?

    /sigh...
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    • Profile picture of the author Paul Myers
      Originally Posted by Anonymous Affiliate View Post

      Price-control? artificial regulations in an open market? big-brother attitude?
      The proper sequence for discussion in an open forum: Read first. Think about what you've read. THEN comment.


      Paul
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      • Profile picture of the author Alan Ashwood
        Originally Posted by Paul Myers View Post

        The proper sequence for discussion in an open forum: Read first. Think about what you've read. THEN comment.


        Paul
        That's a bit much isn't it? Read it first? Next you'll be expecting people to contribute with posts of value and quality. Bl**dy cheek.

        I used to be a Socialist, but I'm (almost) better now. Any way, socialism brought us the National Health Service, giving medical treatment for all - rich or poor. Eat your heart out. :p

        Oh yeh ... Price fixing - sorry, minimum pricing. No way Jose!

        I recently picked up a gem of a WSO for only $7.00, and it is worth waaayyy more. It was the vendors' decision to set that price, and I would not have bought that particular one, had it been much more expensive.

        We should also consider people who are really strapped for cash, now unemployed or forcubly retired, and looking for a way off the scrapheap. Good, low priced WSOs could very well make the difference to them, and their families.

        Alan
        I care. (Used to be a Socialist you know).
        PS. Isn't it true that one of the poorest countries in the world, Cuba, has probably the best health service ON THE PLANET?

        Didn't mean to get all political, but I think many people in the US particularly, misunderstand what socialism really is. :confused:

        Still luv ya tho'.
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  • Profile picture of the author Paul Myers
    Yep. That is the simplified definition. Here's the reason I don't think having a minimum price for products sold here would fall afoul of that: "Price fixing is an agreement between participants on the same side in a market."

    A seller of advertising is not "on the same side" in the market as the buyers of that advertising. Plus, there would be no agreement. It would be unilateral action.

    Keep in mind that I am not personally in favor of the suggestion anyway. I'm just pointing out why I don't think the price-fixing argument applies. I am still not a lawyer, and this is a very complicated area of the law, but the two points above seem pretty clear to me.

    Now, if a bunch of sites got together and agreed to set minimum pricing for similar ad space, that could well violate anti-price fixing laws.

    People seem to get confused about the difference between fixing prices and setting them.


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  • Profile picture of the author theemperor
    I think it would be a damn awful idea to have a minimum price for WSO's.

    You would lose a lot of very useful wSO's like short reports, small scale backlink services and trial memberships which are very useful quality products.

    It would discourage a lot of people from visiting the WSO section as it would be seen as expensive.

    It would discourage people who provide WSO's and upsells. The upsell method is a bad thing for buyers because think about it: the WSO is proof of the seller's experience and ability to teach and based on that the reader can decide whether to spend more money or put the $5 wasted on a bad wso down to experience.

    Now the seller has to sell the entire thing at the higher price, and he makes fewer sales, while buyers don't get a chance to grab a bargain.

    The argument for a minimum price is like taking away the beer and cheap plonk from a wine store because it is affecting champagne sales. In reality take away the cheap plonk and you will have a lot less people going to the wine store.
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  • Profile picture of the author J Bold
    PPC-Coach/Will's idea has taken a hiding!

    I'd like to see his response to all the comments.

    Perhaps he was just cleverly creating a contentious discussion for fun.

    It's been interesting to read the responses in this one, and good to see that many agree with my initial response that this would be a horrible idea in practice.

    Also good to see Paul Myers' comments about what price fixing actually is, as I was kind of thinking along the same lines but only gave it a passing thought when I read this thread for the first time, yesterday.

    At this time, 70% say no and 12% don't care, so this is another one that wouldn't pass if this forum were a democracy (which I know it isn't).
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    • Profile picture of the author Nightengale
      There are SO many things wrong with this proposition, I don't even know where to start... Grrrr!

      There are a LOT of excellent points in this thread.

      NO, I DON'T think there should be a minimum price for ANYTHING! It goes against every principle of free enterprise.

      I majored in marketing, but I have a deep interest in economics and have read a lot of books on the subject. (I even considered changing my major to economics at one point and applying to the London School of Economics. But after investigating further, decided that was a little out of my league. :p)

      The argument that a higher price ensures higher quality doesn't hold water. A higher price does NOT equate to higher quality, period. Minimum prices only ensure that we'll be charged more for those WSOs that ARE junk.

      As Alexa said, the real issue is that Warriors have trained their customers to expect bargain-basement prices. (And hence we have more complaints from those who want everything for nothing -- or at least only $5 -- and complain louder than anyone else. It nurtures the entitlement mentality.) That's not necessarily bad ALL the time, but if it's the norm (as it's become), then that IS a bad thing.

      In a free economy, the price is dictated by the market -- what others are willing to pay -- for the product or service. A governing authority arbitrarily setting artificial minimums destroys the entire process.

      And a governing authority should NOT have the right to tell sellers what to charge. That's outrageous -- and also detrimental to a free economy. (And as Suthan said, why should I pay more???) (The need for governmental regulation of price-fixing, fair trade, consumer protection, etc. is completely valid though, but those are completely separate issues.)

      As Alexa said, minimum price also prohibits ethical sellers from using loss leaders -- giving good value for a ridiculously low price (like the free or $1 WSOs for listbuilding) -- to attract new customers.

      I won't go on, but there are a lot more points AGAINST setting minimum prices.

      An EXCELLENT -- and very readable -- book on this subject is Money, Greed and God: Why Capitalism is the Solution and Not the Problem. You can see it here: Amazon.com: Money, Greed, and God: Why Capitalism...Amazon.com: Money, Greed, and God: Why Capitalism... I can't recommend this book highly enough. It's very thoughtful and logical -- and could be title In Defense of Capitalism. I LOVE this book as it articulates what I can't.

      A lot of people, in frustration with the problems of capitalism, like to suggest different forms communism or socialism. After all, they SEEM a logical solution to the problems of capitalism and free enterprise. (Like your suggestion, which has shades of socialism.) At least on the surface. But they're not.

      The author has a quote in the book (I don't remember from who): "Capitalism is the worst system ever devised -- except for all the others." Very true! It's certainly not perfect -- but it's still the best.

      Michelle
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  • Profile picture of the author browie
    I don't think I'm a fan of price control. Some things people create may not even be worth the minimum anyway. I like the variety of prices people create.
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  • Profile picture of the author acooking9
    How can anyone person judge what is a crappy wso and what is not. For a beginner spending 20 on a 4 page report may make him thousands, while someone more advanced would say I have seen it before this is a waste.

    I think the more advanced player needs to read between the lines and make a better educated guess before buying. So I agree no minimum
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  • Profile picture of the author Dann Vicker
    I think price should be a function of the owner's salesfunnel. Even a small price of $1 can be the best price for a savvy marketer provided his back end funnels are top-notch. In this case, increasing the front-end price would hurt profitability.

    So it's best the way it is.
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