13 replies
Okay warriors,

Have you seen this number "47" many times? well Most of the products are priced at this price, This is what I priced my book for the first time.
according to research the first number comes to your mind and satisfy your mind is 47. there fore most of the marketers keep there products at this price.

For addition I have these emails at My inbox from last three days which encouraged me to write this

This sells for $47, Get it FREE Today Only!

I managed to get sterling to give this product away
to you.. so make sure you grab your free copy of it!

I'm really impressed and know you will be too!
This normally costs $47 but It is 100% F*REE
for you and you also get an MRR
(Master Resale Rights) Licence.

But you need to act Today as only a Limited
Number of copies will be given for F*REE!
It follows up with your prospects and even
sends them text messages AND...

It makes you $47 commissions AUTOMATICALLY!
Hey there,

Let me show you one of the easiest ways to make $47 EVERY 30 minutes, starting in less than 30 minutes!

Click here to SEE how...
So this is it, I got many more emails like this which sells their products or services for $47.

Why they sell it for $47?
According to my experience, They don't know exact value of their products or cant judge it by the content and that's how I decided the price for the first time.I would stay out from this type of products as Every time I bought something for $47 it has turned crap ( you can say its my unlucky number ). IF the creator cant name the price accurately by the content, how could we believe that it worth quality? I would Like to hear responses from you on the number 47.
#number
  • Personally, $997 seems to work better for me.
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    • Profile picture of the author mrgoe
      Originally Posted by stoltingmediagroup View Post

      Personally, $997 seems to work better for me.
      You made me laugh ) Anyhow, the number $47 is just a way to play with your mind. It`s not $50, it`s cheaper. Now everybody knows about $49.99, $49, $48 so it`s time for the $47 to take effect
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    • Profile picture of the author World Marketing
      Originally Posted by stoltingmediagroup View Post

      Personally, $997 seems to work better for me.
      LOL...Good one!
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  • Profile picture of the author datingworld
    It might be coincidence that you are getting emails with $47 offers otherwise I dont think there is any sort of magic with $47 offers..
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    • Profile picture of the author twister85
      Originally Posted by datingworld View Post

      It might be coincidence that you are getting emails with $47 offers otherwise I dont think there is any sort of magic with $47 offers..
      ya there is, I dont know if you're getting this emails but when I was new to IM, I had subscribed to unlimited email lists to get my old email id flood with offers. I reasearched it on my email id and found that there where more products with $47 price with any other offers. I have 113 such mails.

      I also asked one of my friends on Skype to choose a number from 53,47,61 and he choosed 47. I confirmed that somehow the number 47 catches your attention more than any other 2 digit number and 3 is the one digit number to attract more.

      I will not concentrate more in it as it doesnt gonna make me money but a mind reader, getting back to my daily drill but good to know about the no 47.
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      • Profile picture of the author pickthat apple
        Although 47 is my lucky number, so I really shouldn't say anything bad about it, I must say that 37 feels like a tonne less money on a price tag.
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      • Profile picture of the author datingworld
        Originally Posted by twister85 View Post

        ya there is, I dont know if you're getting this emails but when I was new to IM, I had subscribed to unlimited email lists to get my old email id flood with offers. I reasearched it on my email id and found that there where more products with $47 price with any other offers. I have 113 such mails.

        I also asked one of my friends on Skype to choose a number from 53,47,61 and he choosed 47. I confirmed that somehow the number 47 catches your attention more than any other 2 digit number and 3 is the one digit number to attract more.

        I will not concentrate more in it as it doesnt gonna make me money but a mind reader, getting back to my daily drill but good to know about the no 47.

        You are probably right. I was curious and checked some of the offers I got previous months and funny enough 3 of the products were priced at $47
        that was quite funny for me to know it
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        • Profile picture of the author twister85
          Originally Posted by datingworld View Post

          You are probably right. I was curious and checked some of the offers I got previous months and funny enough 3 of the products were priced at $47
          that was quite funny for me to know it
          That's what I'am talking about. If all of us check our email Ids, we will find that compare to any other products, most of them are priced at $47.
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  • Profile picture of the author Neil Morgan
    For me, it's one of those self-perpetuating things in the IM world. Because we talk about it on places like the WF where your target market hangs out, they kinda then expect to see those prices.

    A bit like going into a $1 shop, you kinda expect the price to be $1, right?

    I can't remember that last time I saw ANYTHING priced with a 7 at the end in a retail store or even on online retail stores that are designed for non-IM people.

    Cheers,

    Neil
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  • Profile picture of the author Neil Morgan
    Oh, and I also just wanted to add, if you're going to test pricing, forget testing $47 against $49. Try testing $47 or $49 against $97 or $99 or even higher. You might just be surprised at the results.

    Cheers,

    Neil
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  • Profile picture of the author joaquin112
    There are plenty of products priced at $37, $47, $57, $67 and so on. It might be a coincidence that you see a lot of $47s. There's a widespread belief around the IM community that products that end in 7 sell more than other products. I think this is true because at least some people think the number seven is lucky.
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  • Profile picture of the author dndoseller
    I would rather charge 42 because that is "The Answer to the Ultimate Question of Life, the Universe, and Everything"!

    Seriously though, $50 is a good price for a back-end product and $47 is just a way to psychologically make it a bit more buy-able.
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  • Profile picture of the author talfighel
    It seems that $47 is a good number for those who sell their own products. I used to charge that amount too. The reason is because it is less than $50 and thought that people would be willing to spend less than that amount.

    As time goes by, you come to a conclusion that you can charge more then $47 because when you look at other marketers out there who are doing really well and are earning huge income, you know that you can ask for $100+ on a product.
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