RSS
ClickBank1
ClickBank1

Setting The Price for Information Products Can Be A Tricky Situation!

infoproductsThe prices for information products are largely determined by the product owner. That’s far more freedom than that of a book on the shelf at a major retailer. Print books have to make enough to pay the author, editor, printing, marketing, publisher profit and cut to the retailer.

Information products only pay the owner and affiliate sales. No inventory to store, no big upfront costs and if it doesn’t sell, just transfer it to an archive file or hit the delete key. When you consider all of those factors, the information product owner has freedom to set the prices with one exception – what will the market pay?

That’s the tricky part.

Ebooks are well established in every genre from textbooks to popular topics so the price is dependent on the market and the following of the author. Let’s say you’re starting out and lack that major following, how do you price your product?

Start by surveying the prices on comparable information products on at least a dozen sites or vendors. Have you noticed that many information products end in “7?” Popular pricing is $17, $27, $47.

This price seems to click with many buyers. Other frequently used price points are $9.95, $19.95, $39.95. The “.95” is borrowing a retailer’s trick of making the price sound less than it really is.

After all, $19.95 isn’t a full twenty bucks since buyers tend to ignore the impact of retail tax or shipping. With information products delivered electronically, the $19.95 is the true price, leaving a big nickel for whatever a nickel still buys.

It’s not the nickel – it the psychological satisfaction of spending less than twenty dollars. The $17 products have the same appeal of spending less than twenty dollars. Look for the middle ground in pricing.

Avoid starting too low or the value of your product won’t be seen as worthwhile. Even if you start slightly higher than comparables, you have room for a price reduction or a “special offer” at the next lowest price point.

Think of how many times you see the infamous television infomercials that flash the price as $129 with reductions that end up at $39.95. The buyer gets excited about getting a discount when the product was never going to sell at the inflated price in the first place. It’s about letting the buyer win.

Price only matters as part of the equation. Don’t give your buyers a reason to focus on the price. Keep them focused on the product and the excitement of the purchase and they’ll be willing to pay based on the perceived value and not the dollar amount you put on your product.

How to Define What It Means to Be an Internet Marketer in This New Year 2012

Internet-MarketingThere’s no PhD you can strive for to be in the Internet marketing industry.

You have to learn as you go – on your own – soaking up information along the way. The first thing you need to know is what it means to be an Internet marketer, because it isn’t always clear to everyone.

Let’s start with what Internet marketing is not. It’s not being a con artist. It’s not being a spam king. It doesn’t just mean selling on eBay or having your own website and products. 

In reality, Internet marketers can pick and choose from a whole host of options available to help them make money.

Your opportunities are virtually endless, and include one or more of the following: 

  1. Selling digital downloads (information products like eBooks)
  2. Promoting other people’s products for a commission (affiliate marketing)
  3. Selling on eBay or other auction sites
  4. Running a membership site
  5. Selling your online services (writing, graphics, etc.)
  6. Owning a website that sells drop-shipped or wholesale items

And this is just the tip of the iceberg.

Being a newcomer to Internet marketing, you might be worried that you don’t have anything to sell. That’s okay – most people don’t start out with anything, and you never have t stock a tangible inventory if you don’t want to. 

Internet marketing creates no gender or age boundaries for you. There are teenagers who have launched multi-million dollar companies as budding Internet marketers whose ideas sprung to life and catapulted them to instant success. 

You don’t have to do anything unethical or shady to succeed at Internet marketing, and in fact, launching a respectable business with a solid reputation is the secret ingredient that will allow you to hatch an empire on the ‘net to fulfill all of your dreams and those of your family.

You know that everyone has such high expectations when they start an internet business, yet many give up quickly.

Hard work, patience, not buying everything that comes along, always pays off, in the end I guess I mean just use some good ol’ common sense!

Money is there for the taking and let’s start 2012 making more than ever!

Best Wishes to you and yours in this New Year!

Who Else Needs A Way To Get Real Buyer Traffic To Your Web Site?

The other day I was talking with an old friend of mine who has a business selling health care products through his website.

He’s spent a lot of money developing his website and hisproduct is one of the best out there, but he just wasn’t getting enough visitors to his site to make it all worthwhile.

He told me that a couple of months ago when he searched for his site on Google it was on page six.

Page six!

Who ever looks on page six?! The amazing thing is that now he’s on page #1 for his region and things are finally picking up.

It sounded to me like he’d employed some sleazy search engine optimization company to fix up his website, but he said no — he did it all himself!

I was astonished to say the least.

Let me say this guy is NOT a webmaster extraordinaire or a marketing guru.

He’s just a ordinary guy making products in his basement.

How did he get so good at search engine optimization?
He told me that someone had put her onto a free program called Traffic Travis.

“It’s harder to explain than it is to use!” he joked.

Basically it’s a piece of software with all the tools used by these professional search engine optimization companies. It helps you find the right search terms to focus on, then it analyzes your site, analyzes your competitors’ sites, shows you your linking relationships and pulls all the information you need into one screen.

You have to remember, though, that this guy is just a work-at-home man who didn’t know his Google PR from his knee.

Fortunately the software came with tutorials that explained important concepts as well as how to use the software, AND some really comprehensive bonus material which revealed all the tricks and theory behind the search engines. “Once you start to read about it you just want to learn more. And then once you’ve learned more, you want to analyze your site down to its bones. And then you want to analyze everyone else. It’s totally addictive! I never knew that stuff was there!”
Armed with this knowledge he was able to tweak his site and within a couple of weeks he was seeing a real increase in traffic. “The site is finally starting to pay for itself! It’s my baby, it’s so nice to see it growing!”

Click here to learn more

When you consider how much you’ll learn and how much extra business you could earn, and the fact that the software is FREE… I think it’s at least worth taking a look, don’t you?

Can Creating a Great Mini-Site Mean More Sales Volume?

minisite

I hope this short tutorial helps those who are thinking about starting an online business. Creating a site for your product can be a daunting task sometimes, but is really not all that difficult with the right tools. Well here goes…

The word “minisite” can refer to a number of different things. Some people call small niche article sites minisites, but that isn’t the general use of the word. In Internet marketing, the word “minisite” is generally used to refer to very small websites that are set up to sell a product – usually an eBook or other digital download.

Most minisites are only 1-5 pages. Some of them are only a single sales pitch page, plus perhaps a thank you page for after the customer orders. Others have a contact page, a terms of service page, a frequently asked questions page, or other general pages.

For the purpose of this tutorial, we’ll just work on creating a single page minisite, and we’ll cover only the design – not the sales copy. Most minisites have several key parts. They usually have a header and footer, although some have only a header, or may have neither.

Special note:  One of the best free site editors I’ve found is here!

They also have a sales letter of some sort, which is used to sell the product. Finally, they have an order button that is clicked when a customer wants to purchase the product. Some minisites also have an eCover, which is a computer-generated image that mimics what the product might look like if it was a physical product.

For example, if the product is an eBook, the eCover might look like a hardcover or paperback book cover (sometimes a spiral notebook, too). If the product is a membership site, the eCover might be a membership card. Software products usually have a 3D software box as their eCover.

The first step in creating a minisite should be creating your eCover, if you intend to use one. Most people create their eCovers with Photoshop, because most eCover action scripts only work with Photoshop. If you don’t have Photoshop, you may need to create it from scratch, or have it made for you by a professional graphic designer.

After you have your cover design, you’ll need to create a header. Although some marketers don’t use headers, most do. A well-designed header can draw attention to your headline, and it can make your site look more professional.

The header should contain your product’s name and a tag line – like a one-sentence blurb that tells what your site’s about. It should also contain a photo that’s related to your niche, and it might also contain a small version of your ecover – all tied into a theme for your demographic.

Let’s say you’re creating a minisite to sell your dog-training eBook. Your header would potentially contain a picture of a woman pointing at a dog, and the dog sitting down. Then the text on the header might say something like the following: Dog Training 101: The Ultimate Guide to Training Your Puppy or Adult Dog!

Don’t make your header too large. If the header is so large visitors can’t see the headline without scrolling, it’s too big! It should attract attention to the headline, not hide it. Headers are generally between 700 and 800 pixels wide and 100-200 pixels in height.

The footer is usually the same width, but about half the height of the header. It may only contain the product name or logo, but may also contain an image or copyright notice. Finally, you need an order button that draws a lot of attention. Your button might contain your eCover, plus a brightly colored button and a call-to-action, such as “Click Here for Instant Access!”

If you have the money to invest, you might consider ordering a minisite package from a professional designer. For about $300, you’ll get the header, footer, eCovers, and sometimes extra banners that you can use for off-site promotions.

If you need any specific help, leave a comment and I will get back to you!