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Please read Chinese with BIG5Words for S.O.H.O.
How to Double Your Profits Without Any Additional Web Site Traffic.
By : Terry Dean
You just lost $10.
How does it feel to know you're losing out on $10 or more
extra profit every time an order comes in?
That's right. Your web site may be making sales. You may
even be earning a profit. Does that mean it doesn't matter
to you if you leave half of your "profits" on the table from
every transaction?
What if your business is making sales, but only breaking
even...or losing money? Learning how to use this technique
becomes even more important!
The technique I'm talking about is the "Would You Like Fries
With That" technique. It's better known as the upsell.
It simply means that you offer a customer another related
product for a small additional charge while they're in the
process of ordering from you.
For example, if you're selling them a $29.95 widget, then
offer them another widget for only $15. If they're buying a
$100 marketing course, then offer them a $25 video to go
along with it.
You'll find that a nice percentage of your customers will
take you up on the additional offer. All of these
additional orders are just money in the bank for you.
Let's take a quick example of what having a good upsell can
do for you...
You have a $39.95 digital product which doesn't have any
fulfillment cost. You place an ad for $160 and 5 orders
come in.
This would be $199.75 in orders. After taking out the cost
of the ad, you would have $39.75 in profits.
Let's add in an immediate upsell for another digital
product. You offer a related book or "template" to help
someone accomplish their goal for $15 extra. Three of the
purchasers take advantage of this offer which would equal
$45 in profits.
You just doubled your profits without adding any additional
costs.
Businesses who earn larger profits from their ads may only
increase by 30%. That's nothing to be looked down upon.
Businesses who lose money on the first sale (the majority of
businesses overall) may find that using an immediate upsell
puts them into profits.
The biggest difficulty in sales comes in the closing. Every
good sales person has to work on their closing techniques to
constantly refine them.
Once a customer is sold and in the process of ordering, it
is the perfect time to tack on a product with additional
benefits which they can order for just a little bit more
money.
Their credit card is already out of their billfold or purse.
They are in an ordering mood.
Below are four upsell examples you've already seen many
times...
How many electronic items have you purchased recently where
they haven't offered you an extended warranty as an upsell?
Now you know how companies in the retail environment do
upsells. What about in the Internet world?
Here are 3 very simple techniques you can use online to
profit handsomely from upsells:
This is probably the easiest method of the three. On this
method, you simply put up a thank you page after a customer
orders referring them to another product they can buy.
Another online technique is to put an upsell on the order
form as an additional paragraph with a checkmark to order.
If the person is ordering a $97 product, then include an
item priced $17 to $29.95 as the possible add-on.
Here is an even better strategy. The moment a customer
clicks to order your product, you can immediately give them
a short page (a few paragraphs only) of additional sales
copy about another related product they can add-on as a
special offer.
The new Internet automation system at
http://www.netofficetoolbox.com has this feature in their
shopping cart system as a "Quick Buy Me" option which is
very simple and easy to setup.
They also have a special offer module for their Gold
subscribers which can analyze which product a customer is
ordering and then offer them specials according to what
you've setup. In other words, the customer gets a special
offer in the shopping cart itself.
Check out their free 30 day trial at:
No matter which method of upsell you choose, you should be
using at least one of them. If you're not using upsells,
then it's like burning $10 bills every time an order comes
in.
Don't ignore one of the easiest ways to increase your
profits.
Terry Dean, a 5 year veteran of Internet marketing,
will Take You By The Hand and Show You Exact Results
of All the Internet Marketing Techniques he tests and
Uses Every Single Month" Click here to Find Out More:
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