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POWERFUL PROFITS IN 2006
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The Other Side of the Coin
Now we’re going to flip the table
and look at something that you can do with a single sale
product far more easily and readily than you usually can
with a membership site.
Again, this depends on your
product, but more often than not, a lot of your
promotion power will be coming from deals you’ve made
with other marketers, whether your contacts, list
owners, your top affiliates, your customers, whoever
they are, the usual thing to do is give your product
away to form part of this deal, or even as a bonus.
Understand that it’s far easier
to be adding value or building trust with a deal that
includes a single sale product rather than a membership
site.
Of course this doesn’t apply all
the time, again it depends on your product. Lets look at
a standard online marketing example and show you what I
mean. The first mistake a lot of people make is try and
make their product actually valuable in such deals, but
often it’s just a preview of what your contact, top
affiliates or JV's are promoting.
It’s far quicker and easier for
such marketers to get an instant feel and look at your
product if you’re offering single sale, and thus
building trust again, but this time with the people that
are promoting with you, instead of the people buying
your products.
If you’re hosting a product or
service that someone else is going to be promoting for
you, especially if they have their own resources in
abundance, they can read your info product, take a
snippet and check out the quality and decide if it’s
worth their time.
This as you can imagine is very
hard to do from a membership point of view. They’re not
going to be promoting an unreliable service, are they
going to have time to hang around for weeks to check if
you’re reliable? Of course this isn’t a problem if
you’re well known, but take it from me, when you’re
first starting out and your name hasn’t been heard or
been around the block a few times, your promotion
partners, affiliates and JV’s won’t necessarily take
your site at face value.
The second point I’d like to make
here is the actual value of your product itself.
Sometimes, not always but sometimes, the product does
hold value in these types of deals, and in this case,
it’s far easier to say ‘Here you go, here’s my one
thousand dollar piece of software for your use’ than to
try and pull off something like ‘Here’s my $30 per month
membership site, and here’s your two year membership’.
So on the occasions where your
product does hold value in these types of deals, the
instant gratification of landing a $1000 product in
someone’s lap is going to have a much more positive
effect than the gradual 10, 20, 40 or even 50 dollar per
month deal.
It’s important to know that you
hold more power to strike these types of deals with a
single sale site than a membership site, and they are
extremely important to say the least. |