4 Sneaky Ways To Slaughter The Price Concern Of Your Prospects!

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4 Sneaky Ways To Slaughter The Price Concern Of Your Prospects!

Author: Alan Quan | Total views: 118 | Word Count: 573 | Category: Marketing | Date: Oct 12th 2006

Search for: internet marketing, internet marketing seo, internet marketing online, internet marketing tool, internet marketing strategy, marketing services

Who says you have to always compare apples to apples Try comparing apples to oranges instead. Use these 4 sneaky techniques for your website and watch your sales grow!

Sneaky Technique #1
Confuse the price concern with indirect comparison.
Lets say that you are selling CDs for a seminar. You can go around the price issue by saying this

The CD-set may cost $397, and thats a lot of money. But think about the money you saved if you actually went to the 3-day seminar.

Youd be paying $300 for the hotel, $300 for the plane ticket, $200 for food and drinks, and $600 for the ticket to get into the seminar itselfso you are actually investing $397 instead of $1400 and getting the same information.

So the price issue here is not with your competitors. You are comparing the value of the CD-set with the more expensive live seminar!

Sneaky Technique #2
Bring up the labor and research it took to develop your product.
For this example, lets say you are selling vitamins and your price is higher than the competitors. Tell your prospects (if its true) that your vitamins:

 Is researched by a team of 1000 world class scientists that cost millions of dollars.
 Took ten years of constant research to reach your perfect formula
 Organically harvested and costs millions of dollars more to bring the best of nature to your customers.

This justifies why your product is more expensive by demonstrating that millions of dollars of labor that is packaged into your product.

Sneaky Technique #3
Sell the bulk benefits your product offers.
Return to the vitamin example. This technique doesnt even compare your product with money. Show your prospects how much food they will have to eat to equal the amount of nutritional benefit found in your vitamin.

For example your vitamin offers:

 The vitamin E found in 5 pounds of peanut butter
 The vitamin C found in 60 large oranges
 The vitamin B found in 70 pounds of beef

Definitely your vitamins are cheaper than 70 pounds of beef, 60 large oranges, and 5 pounds of peanut butter. So youre making them feel like they are getting a great deal!

Sneaky Technique #4
Split the price into easy payments.
If you want to squeeze extra cash from your prospects, this is a great way to goeven if you price is higher! Sales will improve if you offered them an option of paying one big sum or paying into easy installments.

For your $1000 product, offer them 4 easy payments of $250. Conversion will increase if you give them these options.

The funny thing is that it has been shown that if you offer a premium package for $1500 split into 8 easy payments of $187.50 instead, there is no difference in conversion ratebut a big difference in your wallet!

I dont have a scientific reason whyI just know it works!

These techniques are used to make it difficult for your prospect to make an easy, direct price comparison. It also shows the hidden monetary value of the products you are selling.

If you havent used these techniques in your website yet, start doing so today and youll be happy you did.

Article Source: ArticleSoft.com

About the Author

Alan Quan is a certified Internet Coaching Empire coach and specializes in helping people build their own successful internet marketing business. Visit his website at http://e-bizcoachalan.com/success.htm and find out how he can help you to quickly accomplish your goals and boost your internet profits.

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Who says you have to always compare apples to apples Try comparing apples to oranges instead. Use these 4 sneaky techniques for your website and watch your sales grow! 
 
Sneaky Technique #1 
Confuse the price concern with indirect comparison. 
Lets say that you are selling CDs for a seminar. You can go around the price issue by saying this 
 
The CD-set may cost $397, and thats a lot of money. But think about the money you saved if you actually went to the 3-day seminar. 
 
Youd be paying $300 for the hotel, $300 for the plane ticket, $200 for food and drinks, and $600 for the ticket to get into the seminar itselfso you are actually investing $397 instead of $1400 and getting the same information. 
 
So the price issue here is not with your competitors. You are comparing the value of the CD-set with the more expensive live seminar! 
 
Sneaky Technique #2 
Bring up the labor and research it took to develop your product. 
For this example, lets say you are selling vitamins and your price is higher than the competitors. Tell your prospects (if its true) that your vitamins: 
 
	Is researched by a team of 1000 world class scientists that cost millions of dollars. 
	Took ten years of constant research to reach your perfect formula 
	Organically harvested and costs millions of dollars more to bring the best of nature to your customers. 
 
This justifies why your product is more expensive by demonstrating that millions of dollars of labor that is packaged into your product. 
 
Sneaky Technique #3 
Sell the bulk benefits your product offers. 
Return to the vitamin example. This technique doesnt even compare your product with money. Show your prospects how much food they will have to eat to equal the amount of nutritional benefit found in your vitamin. 
 
For example your vitamin offers: 
 
	The vitamin E found in 5 pounds of peanut butter 
	The vitamin C found in 60 large oranges 
	The vitamin B found in 70 pounds of beef 
 
Definitely your vitamins are cheaper than 70 pounds of beef, 60 large oranges, and 5 pounds of peanut butter. So youre making them feel like they are getting a great deal! 
 
 
Sneaky Technique #4 
Split the price into easy payments. 
If you want to squeeze extra cash from your prospects, this is a great way to goeven if you price is higher! Sales will improve if you offered them an option of paying one big sum or paying into easy installments. 
 
For your $1000 product, offer them 4 easy payments of $250. Conversion will increase if you give them these options. 
 
The funny thing is that it has been shown that if you offer a premium package for $1500 split into 8 easy payments of $187.50 instead, there is no difference in conversion ratebut a big difference in your wallet! 
 
I dont have a scientific reason whyI just know it works! 
 
These techniques are used to make it difficult for your prospect to make an easy, direct price comparison. It also shows the hidden monetary value of the products you are selling. 
 
If you havent used these techniques in your website yet, start doing so today and youll be happy you did. Article Source: <a href="http://www.articlesoft.com" target="_blank">ArticleSoft.com</a> About the Author: 
Alan Quan is a certified Internet Coaching Empire coach and specializes in helping people build their own successful internet marketing business. Visit his website at http://e-bizcoachalan.com/success.htm and find out how he can help you to quickly accomplish your goals and boost your internet profits.

Tags: internet marketing, internet marketing seo, internet marketing online, internet marketing tool, internet marketing strategy, marketing services