Creating a product funnel is something more Internet marketers should be doing if they want to make extra money online with their own online business. Doing this is probably the best thing you can do in growing your ebusiness exponentially.
Don’t worry as this marketing tool is easy to use and can guarantee you with long-term great results as long as you care to do the process right and as long you follow these 3 priceless secrets:
1. Develop series of products. The main idea behind product funnel is offering your customer base with different kinds of products that are designed to meet their varying needs and demands.
You will need to start your funnel with low-end products designed for beginners that can sell from $10-$30 apiece. These could be special newsletters, short ebooks, step-by-step guides, tutorials, reports, and short ecourses.
On the next level of your funnel, you will need to offer your customers with middle-end products. These products must contain more information compare to your low-end products that can be sold for much higher prices ($40-$500).
These could be DVD tutorials, Webinars, 8-hour seminars, short teleseminar programs, MP3s, and CD series. On the last level of you funnel, you will offer high ticket products to those people who do not mind spending thousands of dollars just to improve their skill levels or earn new sets of skills.
You can offer them with on-on-one coaching, bootcamps, extensive seminars, etc. You can charge each client anywhere from $2,000 -$12,000 depending on your chosen topic and the length of your presentations.
2. Deliver quality products. You can easily move your clients from one level of your funnel to the next if you can satisfy them each time they make a purchase.
Ensure that you give them their money’s worth by offering them useful, valuable, and top quality products that can bring huge difference to their lives.
3. Take good care of your clients. Make your clients feel valued to show how much you appreciate their business.
Send them freebies and thank you note each time they make a purchase. Offer them with huge discounts from time to time or reward them with amazing freebies each time they buy from you.
It would also help if you can be responsive to their needs and sensitive to their demands. Lastly, it would help if you can make them feel that you value their ideas and opinions.
Let them share with you what they think about your products and services by sending them with surveys and questionnaires on a regular basis.
Follow these 3 common sense tips to create your own product funnel. This will help you make money for your online business like you never have before.
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