We keep hearing about the $7 products being the best bet to earn money quickly. Understanding the meat of the concept is very important, instead of blindly getting into things. They will bring you good results, the likes of which you may have never seen.
Information products are difficult to sell if they are priced too high. When they are priced too low, people still hesitate to buy them, thinking they may be worthless. As with anything else, when given away free, the hold zero value. This is where $7 products entered into the picture and basically found a middle ground, and it works like a charm every time. How many people are there that will not be willing to spend the cost of a lunch on information that could make them money or solve their problem? See, how it works? It is foolproof because refunds are virtually eliminated.
Let us look at a few benefits that $7 products have over other products.
Benefit of ‘no’ support
With a $7 product, there is no need to provide any support. Most of them are very small digital information products and it hardly takes any time to get them together. For something so small that costs less, you are not expected to provide any sort of support.
Easy to sell
Just think about it. If you are trying to sell an $87 ebook, what do you have to do? You have to have a sales page and good graphics. The reason being, getting people to buy an expensive product is not easy and they need a lot of convincing, for them to understand the value.
Whereas, with a $7 product, there is no need of a fancy sales page and nobody expects it. In fact, it would look odd if you were to put up a $500 sales page to sell a low cost info product that prices at $7. The amount of work that you need to do is very less.
Length of the product
The main benefit is that they don’t have to be very long and because of this, they can be created easily. There are people that can create a product in a day without any hassle. Because it is easy to knock more of them faster, it means more profits because you will make more sales.
Information products are difficult to sell if they are priced too high. When they are priced too low, people still hesitate to buy them, thinking they may be worthless. As with anything else, when given away free, the hold zero value. This is where $7 products entered into the picture and basically found a middle ground, and it works like a charm every time. How many people are there that will not be willing to spend the cost of a lunch on information that could make them money or solve their problem? See, how it works? It is foolproof because refunds are virtually eliminated.
Let us look at a few benefits that $7 products have over other products.
Benefit of ‘no’ support
With a $7 product, there is no need to provide any support. Most of them are very small digital information products and it hardly takes any time to get them together. For something so small that costs less, you are not expected to provide any sort of support.
Easy to sell
Just think about it. If you are trying to sell an $87 ebook, what do you have to do? You have to have a sales page and good graphics. The reason being, getting people to buy an expensive product is not easy and they need a lot of convincing, for them to understand the value.
Whereas, with a $7 product, there is no need of a fancy sales page and nobody expects it. In fact, it would look odd if you were to put up a $500 sales page to sell a low cost info product that prices at $7. The amount of work that you need to do is very less.
Length of the product
The main benefit is that they don’t have to be very long and because of this, they can be created easily. There are people that can create a product in a day without any hassle. Because it is easy to knock more of them faster, it means more profits because you will make more sales.
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