26 {{ upvoteCount | shortNum }}
26 {{ upvoteCount | shortNum }}

"Buy it now or price will increase later!"

by misterkailo
22 replies
I have seen many products out there that have a never ending sale. Is this even legal? If you're not sure what I am talking about, then I'm talking about this:

"Only $20 now!! Price will go back up to $100 in less than 24 hours!!"

You check out the price few months later and it will still be $20. I just think it is a shady business practice.
  • Profile picture of the author marciayudkin
    But you know what, when you promise that the price will go up on a certain date and it actually does, you train those who are following you to believe you and to buy when the price is low.

    Most of the time I do this with a payment plan, that starts out with a course tuition divided into four payments of $249 each. Then it changes to a three-payment plan of $332 each, then to a two-payment plan of $498 each. I change the plan exactly on the day I say I will, and this does motivate people who want the more generous payment plan to grab it.

    When you do what you said you would do, it's honest and it builds trust.

    Marcia Yudkin
    Signature
    Check out Marcia Yudkin's No-Hype Marketing Academy for courses on copywriting, publicity, infomarketing, marketing plans, naming, and branding - not to mention the popular "Marketing for Introverts" course.
    {{ DiscussionBoard.errors[7503882].message }}
  • Profile picture of the author misterkailo
    ok but what about the people who say the price will go back up on the specified date, but it never does?
    Signature
    Limited Spots Left... How to Generate 150+ Leads Daily And Earn $3000-6000 Per Sale Without Talking To Anyone
    {{ DiscussionBoard.errors[7503925].message }}
    • Profile picture of the author benzwm02
      Originally Posted by misterkailo View Post

      ok but what about the people who say the price will go back up on the specified date, but it never does?
      Then you know next time you see an offer by them that the price will never change and the call to action will be meaningless.
      {{ DiscussionBoard.errors[7504173].message }}
    • Profile picture of the author KriiV
      Originally Posted by misterkailo View Post

      ok but what about the people who say the price will go back up on the specified date, but it never does?
      They can be branded as a liar and their sales will follow suit.
      {{ DiscussionBoard.errors[7505468].message }}
  • Profile picture of the author johnben1444
    Originally Posted by misterkailo View Post

    I have seen many products out there that have a never ending sale. Is this even legal? If you're not sure what I am talking about, then I'm talking about this:

    "Only $20 now!! Price will go back up to $100 in less than 24 hours!!"

    You check out the price few months later and it will still be $20. I just think it is a shady business practice.
    I call that setup!

    It use to be very powerful in the 2003 when the internet started booming newly. The actual price is the discounted price but they want to lure visitors, some will call it marketing strategy but i thought they also said good product sells itself.
    Signature
    Grow your social media account, Spotify Streams, YT Views & IG Followers & More
    Software & Mobile APP Developer
    Buy Spotify, Facebook Bot & IG M/S Method
    {{ DiscussionBoard.errors[7503934].message }}
    • Profile picture of the author misterkailo
      Originally Posted by johnben1444 View Post

      I call that setup!

      It use to be very powerful in the 2003 when the internet started booming newly. The actual price is the discounted price but they want to lure visitors, some will call it marketing strategy but i thought they also said good product sells itself.
      so you're saying if product is IMPRESSIVE, then the person can just list the price as $20 without lying about the retail price of $100? I agree with you on that one
      Signature
      Limited Spots Left... How to Generate 150+ Leads Daily And Earn $3000-6000 Per Sale Without Talking To Anyone
      {{ DiscussionBoard.errors[7503969].message }}
    • Profile picture of the author Steve B
      Yes, such practices are a setup.

      They are also called "scarcity" where the low price is going away soon so you better hit the "buy" button before you lose out.

      Having a timed sale is one thing - it's seems to be proven to bring in product sales quicker.

      But there is a problem if the marketer doesn't follow through and take the sale off the table when he says he will.

      If a marketer lies or misrepresents something in his advertising, I personally feel like the marketer can't be trusted to tell me the full truth about his product or service either . . . and I won't buy.

      You may feel differently.

      Steve
      Signature

      Steve Browne, online business strategies, tips, guidance, and resources
      SteveBrowneDirect

      {{ DiscussionBoard.errors[7503986].message }}
  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by misterkailo View Post

    "Only $20 now!! Price will go back up to $100 in less than 24 hours!!"

    You check out the price few months later and it will still be $20. I just think it is a shady business practice.
    It's a whole lot worse than just "shady". It's downright fraudulent.

    (It's also particularly naive, but still sometimes used by marketers who genuinely don't appreciate that their potential customers see through it and mistrust them because of it. I don't know about you, but when I'm trying to encourage someone to buy something, that last thing I want them thinking is that I might be trying to deceive them! People doing this have not split-tested it: they've either learned it from other naive, gullible people who were at the time pretending to be copywriters, or they just copy it themselves imagining that it "must" work, otherwise people wouldn't be doing it! :p :rolleyes: ).
    {{ DiscussionBoard.errors[7503963].message }}
  • Profile picture of the author RabbitAnimate
    Originally Posted by misterkailo View Post

    I have seen many products out there that have a never ending sale. Is this even legal? If you're not sure what I am talking about, then I'm talking about this:

    "Only $20 now!! Price will go back up to $100 in less than 24 hours!!"

    You check out the price few months later and it will still be $20. I just think it is a shady business practice.
    Price increase in 24 hours is too obvious, usually marketer make it "maybe I will increase the price to $xxx if I change my mind", yet he never change it, or setting dime sale price.

    I think it's not illegal, many of TV programs that sell 'amazing tool' use this. "call now only for $xxxx, and you'll get bonus this, this and this !!!"

    IMO, using coupons give more effects than this.
    Signature
    FREE CUSTOM DRAWN WHITEBOARD VIDEO [CLICK HERE] -
    Send Me PM For Details, Limited Offer!

    {{ DiscussionBoard.errors[7504329].message }}
  • Profile picture of the author WillR
    Yeah, these same methods are used on tv advertorials in my country (not sure if the same overseas) and I often can't believe they get away with it.

    If you are one of the next 30 callers, you will get this bonus xyz

    Do you really think they are only giving the bonus to the first 30 callers? Considering the same ad plays at different times all throughout the day, it's just a load of crap. I can't believe advertising boards let them get away with stuff like that.

    It's an outright lie.
    Signature

    .


    .

    {{ DiscussionBoard.errors[7504535].message }}
    • Profile picture of the author Mike Hill
      Originally Posted by WillR View Post

      Yeah, these same methods are used on tv advertorials in my country (not sure if the same overseas) and I often can't believe they get away with it.

      If you are one of the next 30 callers, you will get this bonus xyz

      Do you really think they are only giving the bonus to the first 30 callers? Considering the same ad plays at different times all throughout the day, it's just a load of crap. I can't believe advertising boards let them get away with stuff like that.

      It's an outright lie.
      Well it's not a lie... They say the first 30 callers will get XYZ but they do not address if you are the 31st caller. They DO NOT say if you are NOT one of the 30 you will not receive this. They just say if you are one of the first 30 you will get XYZ.

      People tend to completely assume on their own that from the 31st caller onward they will not get XYZ... when in fact they haven't even addressed this.
      {{ DiscussionBoard.errors[7505016].message }}
      • Profile picture of the author emini_guy
        Originally Posted by Mike Hill View Post


        People tend to completely assume on their own that from the 31st caller onward they will not get XYZ... when in fact they haven't even addressed this.
        Good point. People tend to make assumptions that are really not warranted and sometimes even defy logic.
        Signature

        Wally
        You too can make $200 a day. Or more.
        Is e-mini day trading for you?
        A premier site for e-mini futures traders

        {{ DiscussionBoard.errors[7505464].message }}
      • Profile picture of the author WillR
        Originally Posted by Mike Hill View Post

        Well it's not a lie... They say the first 30 callers will get XYZ but they do not address if you are the 31st caller. They DO NOT say if you are NOT one of the 30 you will not receive this. They just say if you are one of the first 30 you will get XYZ.

        People tend to completely assume on their own that from the 31st caller onward they will not get XYZ... when in fact they haven't even addressed this.
        Actually, no, they definitely say the first 30 callers only. I've made a point of listening for the word 'ONLY'. There are definitely some that say that and that is definitely misleading.
        Signature

        .


        .

        {{ DiscussionBoard.errors[7505559].message }}
  • Profile picture of the author Gerald Arno
    Banned
    The best marketing is authenticity and honesty, particularly if you want to make the repeat sale.

    While some bogus techniques work well it does not mean that this is the most profitable way to making the most money from your leads. Some people, mostly newbies, who fall into this trap learn either way, some slower and some faster.

    Stand behind your word and don't offer a bonus that you don't have or even worse market a feature that you can't deliver.
    {{ DiscussionBoard.errors[7505211].message }}
  • Profile picture of the author Auzan
    Banned
    [DELETED]
    {{ DiscussionBoard.errors[7505256].message }}
    • Profile picture of the author Greg guitar
      Originally Posted by Auzan View Post

      Good sales letter combine with this technique will make you more sale.

      For me, it is just a tactic. No one force people to buy. They buy because they want.
      The decent people on this forum can only hope that you get nailed next time you try this sleazy, criminal tactic.
      {{ DiscussionBoard.errors[7505945].message }}
  • Profile picture of the author emini_guy
    Originally Posted by misterkailo View Post

    I have seen many products out there that have a never ending sale. Is this even legal? If you're not sure what I am talking about, then I'm talking about this:

    "Only $20 now!! Price will go back up to $100 in less than 24 hours!!"

    You check out the price few months later and it will still be $20. I just think it is a shady business practice.
    I am not sure if it's shady, but you definitely lose credibility if you act like that and the price really does not go up. I do like to offer discounts from time to time and may even extend them (nothing wrong with that), but eventually the price hits a new high. It has been like that for years. The price keeps rising, smart people buy on dips, and some when they see a new high and are scared that it can go even higher soon. People can be pretty bad at timing.
    Signature

    Wally
    You too can make $200 a day. Or more.
    Is e-mini day trading for you?
    A premier site for e-mini futures traders

    {{ DiscussionBoard.errors[7505494].message }}
  • Profile picture of the author JerrickYeoh
    It hard to bring down in to legal issues because they might just said that they notice the promotion is effective and they decide to extend .
    Some even worst that come with fake sign up numbers and fake countdown promotion end while everytime you refresh the website , it will show again the number recalculate.
    Signature
    Cheap .COM and .SG domain name
    Business Web Hosting, Email Hosting, E-commerce Hosting.
    {{ DiscussionBoard.errors[7505514].message }}
    • Profile picture of the author Greg guitar
      Originally Posted by JerrickYeoh View Post

      It hard to bring down in to legal issues because they might just said that they notice the promotion is effective and they decide to extend .
      Some even worst that come with fake sign up numbers and fake countdown promotion end while everytime you refresh the website , it will show again the number recalculate.
      I'm no lawyer, and obviously, neither are you. But I am pretty sure the fact that the criminal might say "I was going to honor my word, but changed my mind when I saw how many sales came in" would not make it hard at all to prosecute.

      I doubt any judge would consider that a legitimate defense; more likely they would laugh out loud at the criminal for thinking they could weasel out of it so easily.

      When you advertise publicly, you are bound by your word; it's called a one way contract. It is as binding as a two way contract.

      Just like you can't say 1/2 off everything in the store all week, and then change it to 25% when the shoppers show up, you can't say "special price for today only", and then leave the price the same afterwards; it's a breach of the contract you bound yourself to when you made it public.
      {{ DiscussionBoard.errors[7506003].message }}
  • Profile picture of the author talfighel
    A lot of products and programs online use this type of strategy. It is normal. Yes, it is a lie but if it gets people to make a buying decision on the spot, then why not?
    Signature
    Ordinary People Are Creating Real Wealth With Gold And Silver
    And Are Earning Additional Income While Saving For The Future!
    {{ DiscussionBoard.errors[7505568].message }}
    • Profile picture of the author Greg guitar
      Originally Posted by talfighel View Post

      A lot of products and programs online use this type of strategy. It is normal. Yes, it is a lie but if it gets people to make a buying decision on the spot, then why not?
      Why not? How about, because lying to make a sale is a crime, and it's a crime because it is immoral. If you can't sell without lying, you shouldn't be selling.

      Your question might be acceptable coming from a 4 year old; a grown man should know better. Actually, most 4 year olds probably know better.
      {{ DiscussionBoard.errors[7505965].message }}
  • Profile picture of the author GrowMyForumCommunity
    I wouldn't deal with this "strategy". It makes your reputation a little bit bad, and people will trust you less. I would rather discount it for a set period of time (say, 3 days) then put it back to its original price for a couple of weeks. Then, put it back to its discounted price for a set period of time, then back to its original price, then... (it goes on a cycle).
    Signature
    Success doesn't come in an instant, just like Rome wasn't built in a day.
    Want to grow your forum? Get help from GrowMyForumCommunity.com
    Order your Free Forum Evaluation Report today.
    Use 10% discount code: Z6L9UTJP8J. With 100% Money Back Guarantee!
    {{ DiscussionBoard.errors[7505890].message }}

Trending Topics