Selling not working for you? Try giving it away.

26 replies
All over the forum we read threads about people who can not sell anything from a website. Good advice often solves the problem. Sometimes not. From experience I can say that I have sold and still sell a lot of products on websites. However, I can also say it gets harder and harder every year.

This past year I have changed my marketing strategy somewhat drastically. Instead of selling I am giving it away. To me, at the very least, that is drastic. Yes, I am giving away a lot of my endless digital inventory that I used to sell.

The money is in the fall out! By "fall out" I am referring to supplemental marketing such as affiliate advertisements. When people get used to the idea of receiving products at zero to little cost that in turn are used to earn money - they simply can't get enough. They simply want the next product and the next, so they keep making money. The advertisements are doing very well.

Less is more I have learned. When it is freely available 24/7 there is very little urgency. That relates to less website traffic. However, spread the freebies out over a few weeks and people will become steady visitors. Especially if you offer a subscription to be advised when the next product is available.

Thats all good, but some folks, the smart folks, want it all as fast as possible. Simply because the want a consistent income. Don't we all? Perfectly doable! Create a membership site wherein there are no limitations to access and it will make a big difference.

Jeffery 100% :-)
#giving #selling #working
  • Profile picture of the author LillySage
    I think the secret is offering one thing for free, just to get people into your funnel. Make it high perceived value but low to no cost to produce...

    Then start selling...
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    • Profile picture of the author Jeffery
      Originally Posted by LillySage View Post

      I think the secret is offering one thing for free, just to get people into your funnel. Make it high perceived value but low to no cost to produce...

      Then start selling...
      Agreed. Typically, bloggers giveaway a ebook and then start an email marketing campaign. The ebook may or may not have a link back to the website. Those that do have a link back to the website gives bloggers the opportunity to make a sale, join a membership, etc. Like you said "get people into your funnel."

      One thing I have learned from testing is niche bloggers need to create new incentives regularly to create repeat visitors. In my testing the majority of visitors will return to the blog via the link in the ebook, but if the blog content is stale then the visitor clicks out. However, even if the blog content is stale a new niche ebook creates a new incentive. The return visits often lead to sales.

      The whole process is really interesting or at least I find it interesting.

      Jeffery 100% :-)
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  • Profile picture of the author m00d
    I know exactly what you mean and agree whole heatedly. I've also found the opposite to be true. About three years ago I developed a website selling a product I "thought" would be a hit. I pumped my usual traffic at it for six weeks or better with not a single sale, the product was priced at $9.99, I figured it was just a bad idea, a flop, and forgot about it.

    I had to go out of town and since I had never sold a single product I didn't have anything ready to ship (that's how I work). So before leaving town I thought to myself I better do something to prevent someone from ordering, so I changed the price of the products from 9.99 to 147.95. Well to my surprise by the time I reached my destination I had a order! What! I had to scramble around to get the product to the customer but I made it happen. Ever since then I average one sale a month on this product that cost me pennies to produce. But the thing is I couldn't sell it at 10 bucks, but 150 bucks I can sell it... Go figure....
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    • Profile picture of the author Jeffery
      Originally Posted by m00d View Post

      I know exactly what you mean and agree whole heatedly. I've also found the opposite to be true. About three years ago I developed a website selling a product I "thought" would be a hit. I pumped my usual traffic at it for six weeks or better with not a single sale, the product was priced at $9.99, I figured it was just a bad idea, a flop, and forgot about it.

      I had to go out of town and since I had never sold a single product I didn't have anything ready to ship (that's how I work). So before leaving town I thought to myself I better do something to prevent someone from ordering, so I changed the price of the products from 9.99 to 147.95. Well to my surprise by the time I reached my destination I had a order! What! I had to scramble around to get the product to the customer but I made it happen. Ever since then I average one sale a month on this product that cost me pennies to produce. But the thing is I couldn't sell it at 10 bucks, but 150 bucks I can sell it... Go figure....
      Funny how it works sometimes like that and interesting. When I was a younger I worked in a gift shop. There was a big fish bowl of marbles next to the cash register. They were priced 50 cents each and they never sold. The owner of the shop changed the price to $3.00 each and we sold out inside a few weeks. Perceived value was the explanation he told me.

      Jeffery 100% :-)
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      • Profile picture of the author jgant
        Originally Posted by Jeffery View Post

        Funny how it works sometimes like that and interesting. When I was a younger I worked in a gift shop. There was a big fish bowl of marbles next to the cash register. They were priced 50 cents each and they never sold. The owner of the shop changed the price to $3.00 each and we sold out inside a few weeks. Perceived value was the explanation he told me.

        Jeffery 100% :-)
        That's hilarious.
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        • Profile picture of the author Jeffery
          Originally Posted by jgant View Post

          That's hilarious.
          Yep, he laughed all the way to the bank. Later, I was having lunch with a pretty girl who worked in a boutique and told her about it. She did the same thing with handmade hair bands that were not selling and she also sold out. Thing is I never did convince her of my own perceived value, lol. :confused:
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    • Profile picture of the author NewRiseDigital
      @m00d that's the power of setting your price higher (yes higher). Read Dan Ariely's great book Predictably Irrational, it has some great examples of psychological triggers that you'll likely benefit from.

      When you priced your product at $9.99 you were saying 'I'm cheap and not worth a lot' when you priced at $147 you were saying 'I have so much confidence that this product will bring you masses of value, it's worth it's weight in gold'. Same product, different price, different message to the buyer.

      The higher the price the more desirable the item. You do have to deliver on the promise though.

      Same reason people will drool over a gold plated iPhone (pennies for the plating) and pay crazy prices for them, when a standard iPhone comes discounted with a contract. Perceived value.
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  • Profile picture of the author Alex Blades
    Can't go wrong with giving stuff away for free, to gain rapport with your readers. Giving something away to get your foot in the door will definitely pay off in the long run.
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    • Profile picture of the author Jeffery
      Originally Posted by Alex Blades View Post

      Can't go wrong with giving stuff away for free, to gain rapport with your readers. Giving something away to get your foot in the door will definitely pay off in the long run.
      Yep and it also turns paying customers into repeat customers. Some of the ebooks I used to sell got a bit outdated, so I learned to frequently update them and give them away to past customers. That always creates a stream of traffic to my sites and a renewed interest in my newer products.

      Lots of ways to like you say "gain rapport with your readers"

      Jeffery 100% :-)
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  • Well, giving content away for free is good to build rapport and attract leads into your business, but at some point down the line someone needs to swing a credit card to make this game worthy.

    Free content is cool at the entrance of your funnel, but sooner or later you gotta charge for your stuff.
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    • Profile picture of the author Shaun OReilly
      If selling is not working for someone, then I'd recommend
      that they focus instead on improving their selling skills.

      That way, they can build the value and get paid more in
      return too.

      People don't really value what they get for free and they
      tend not to use or benefit from the free information.

      Instead, prove the value of your information and people will
      pay and benefit more from it (and so will you!).

      Sure, give away some information for free but do it very
      strategically so that it increases the chances that you
      turn a prospect into a buyer.

      Dedicated to mutual success,

      Shaun
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      .

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      • Profile picture of the author YouWillKnow
        Originally Posted by Shaun OReilly View Post

        People don't really value what they get for free and they tend not to use or benefit from the free information.
        Best nugget of truth I have read all day! Thanks, Shaun.

        -Wade
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    • Profile picture of the author Jeffery
      Originally Posted by Anonymous Affiliate View Post

      Well, giving content away for free is good to build rapport and attract leads into your business, but at some point down the line someone needs to swing a credit card to make this game worthy.

      Free content is cool at the entrance of your funnel, but sooner or later you gotta charge for your stuff.
      True. Consider that the freebies can actually be used by visitors to make money. That is how all of my giveaways are designed to work. After they make their first sale...they will come back for more. And when they do come back they see the value of the higher end paid products, also designed to make them money, and buy.

      Jeffery 100% :-)
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      • Profile picture of the author WillR
        Originally Posted by Jeffery View Post

        True. Consider that the freebies can actually be used by visitors to make money. That is how all of my giveaways are designed to work. After they make their first sale...they will come back for more.
        In a magical fairly land, that sounds logical, doesn't it.

        The truth is people very rarely act on free information. It's just a fact.
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        • Profile picture of the author Jeffery
          Originally Posted by Jeffery View Post

          True. Consider that the freebies can actually be used by visitors to make money. That is how all of my giveaways are designed to work. After they make their first sale...they will come back for more. And when they do come back they see the value of the higher end paid products, also designed to make them money, and buy.

          Jeffery 100% :-)
          Originally Posted by WillR View Post

          In a magical fairly land, that sounds logical, doesn't it.

          The truth is people very rarely act on free information. It's just a fact.
          Magical fairy land? See my sig for proof Will. I really did not want to point to my sig, but the proof stands. The ebooks are monetized with the website owner's affiliate IDs which are offered as a free download to their site visitors.

          Also, see Giveawayoftheday.com which is not mine, but a much better model. A lot of software developers giveaway full versions of software with usage limited to the computer it was downloaded to. The developers make their money when the users upgrade or buy another full version that is not limited to one computer.

          I agree that people very rarely act on free information. The thing is not to target people who rarely act on free information.

          Jeffery 100% :-)
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  • Profile picture of the author WillR
    Yeah, you want to be careful with giving away too much free stuff. By doing so you are training your subscribers to expect free stuff from you. This is half the problem with the mentality of a lot of WSO buyers nowadays. A few years ago no one thought twice about paying $47 for a Wordpress plugin or $97 for a course. But the market trained it's customers to expect everything for nothing by increasing the quality and lowering the prices over the last few years.

    You need to do it strategically.
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  • Profile picture of the author Paul Gram
    Giving stuff away can be a great strategy HOWEVER, many people value what they pay for, and when they get something for free, they don't always value it, use it, and benefit from it like they would had they paid for it.

    Still a good strategy, but just to a certain extent.
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  • Profile picture of the author Sue McDonald
    I agree give something that is valuable away and when people see what good quality and information they received they are more likely to want to buy the product. Give a free report 12-25 pages and have a one time offer on the same subject. It could be a series of videos that goes into more explanation than the report.
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    • Profile picture of the author Jeffery
      Originally Posted by Sue McDonald View Post

      I agree give something that is valuable away and when people see what good quality and information they received they are more likely to want to buy the product. Give a free report 12-25 pages and have a one time offer on the same subject. It could be a series of videos that goes into more explanation than the report.
      There you go. And it is exactly what a lot of people do. Well done!

      Jeffery 100% :-)
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    • Profile picture of the author WillR
      Originally Posted by Sue McDonald View Post

      I agree give something that is valuable away and when people see what good quality and information they received they are more likely to want to buy the product. Give a free report 12-25 pages and have a one time offer on the same subject. It could be a series of videos that goes into more explanation than the report.
      If you give a free report of 12-25 pages in length, I can almost guarantee you hardly any of the people who download that report will go through it. The more work you give people, the less likely it is they will read it. Even worse if they have been given it for free as there is nothing for them to lose by not reading it. You'll find most people would see a report like that, put it to the side, and say they will come back to it later... and very few of them every would.

      The more information you give away for free, the less likely it is someone will buy something from you. I learnt this lesson the hard way.

      Giving value doesn't have to mean giving a lot of information. It means giving your BEST information. Quality not quantity. The people who join your list should be able to consume the free information right away in just a few minutes. Then they can logically look at your OTO. But if you give people a 12-25 page report, they likely won't purchase anything when they know they still have that free report to read and since most won't even get through the report, hardly any of them will ever buy your OTO.

      1. Person opts in to your page.

      2. Send them to a sandwich page that gives them the exact information promised. Do this in just a few paragraphs or a very short 2-3 minute video. Remember, quantity of information is NOT what's important here -- quality is.

      3. They click continue after consuming your free information and are taken to the one time offer page.

      Simple.
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      • Profile picture of the author Jeffery
        Originally Posted by WillR View Post

        If you give a free report of 12-25 pages in length, I can almost guarantee you hardly any of the people who download that report will go through it. The more work you give people, the less likely it is they will read it. Even worse if they have been given it for free as there is nothing for them to lose by not reading it. You'll find most people would see a report like that, put it to the side, and say they will come back to it later... and very few of them every would.

        The more information you give away for free, the less likely it is someone will buy something from you. I learnt this lesson the hard way.

        Giving value doesn't have to mean giving a lot of information. It means giving your BEST information. Quality not quantity. The people who join your list should be able to consume the free information right away in just a few minutes. Then they can logically look at your OTO. But if you give people a 12-25 page report, they likely won't purchase anything when they know they still have that free report to read and since most won't even get through the report, hardly any of them will ever buy your OTO.

        1. Person opts in to your page.

        2. Send them to a sandwich page that gives them the exact information promised. Do this in just a few paragraphs or a very short 2-3 minute video. Remember, quantity of information is NOT what's important here -- quality is.

        3. They click continue after consuming your free information and are taken to the one time offer page.

        Simple.
        You both are right because both models work in my experience. However, you say it did not work for you. Fair enough. But try to remain open minded Will. Some people were able to make it work. That does not mean one is better than the other.

        I do agree that more than 12 pages is too much. Almost all of my giveaway reports are only 10 to 12 pages.

        Jeffery 100% :-)
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  • Profile picture of the author workoutstuff1
    I've also found making a give away have a deadline is also powerful. I know that Giveaway of the Day - free licensed software daily. Today: Ashampoo Video Styler 2013 - Ashampoo Video Styler is the ideal program to jazz up your videos. With its user friendly program interface, many functions ... does that, and they seem to get a pretty good amount of traffic. I'm wanting to experiment with this idea, but using Facebook.
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  • Profile picture of the author Evocess
    Correct. Giving value to people is the best way to generate money.
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    • Profile picture of the author WillR
      Originally Posted by Evocess View Post

      Correct. Giving value to people is the best way to generate money.
      That's true. But where people seem to get confused is, they think giving value to people has to mean giving something of value for free.

      No, not the case at all.

      If I sell a tool to someone that does a job in 2 minutes that would normally take them 2 hours to do themselves, have I not provided value to that person and their business?

      You bet I have.

      You can sell stuff and still give value -- massive value.

      In fact most people will value the stuff they pay for much more than the stuff they are given for free. Most free stuff has no value and that's why it's given away. If you have something of value, don't be afraid to charge for it.
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  • Profile picture of the author troy23
    Would a $1 model work considering you would pull in people likely to spend?
    For example a $1 WSO.
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