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  • Casual Articles - Reverse The Risk And Boost Your Profits

    Other People's Products Can Make You Rich
    Although there are advantages to selling your own proprietary products and services, there are also drawbacks. For example, the time and investment required to produce your own book, invention, or other product could mean a long delay in receiving profits and cashflow essential to your business survival.For this reason, you may decide to sell other people`s products and services, either exclusively, or to complement your own product line.You could stock an entire retail store with products, buy a franchise or other business, or obtain a distributorship or dealership. However, this could require a substantial financial investment.<
    , you'll still make an additional sale of 36 units just by offering a strong guarantee. These are sales that you'll never get without the guarantee.

    Now you can see how a strong guarantee will boost your sales and profits.

    Then Why Are Many Business Owners Unwilling To Offer Such A Guarantee?

    Many business owners have the misconception that people are only concern about the price of the product or service. Price, no doubt is a factor but only a minor one, and only to a certain extent. If the customers want something, and if you're able to addre

    Opportunity Seekers Versus Entrepreneurs - Fail to Plan, Plan to Fail
    What are the differences between opportunity seekers and successful business people when it comes to building an online business? Let me use myself as an example. Ouch!As a Web Marketing Newbie, I really had no plan outside of slapping up a website and selling all kinds of goodies and then watching the money roll in. But, I discovered the wonderful world of the Business in a Box, which countless Gurus were offering at a measly $40 to $50 bucks a month. All that I needed to do was send a few of my friends to sign up under me and help me to evangelize the greatest thing since the wheel.Since these gurus made their fortunes using the same packages, how c
    As a business owner or marketer, if you don't reverse the risk in your product and/or service offerings, you're really missing out in what can be one of the most powerful weapons in your marketing arsenal.

    Risk Reversal Defined

    Risk Reversal, in essence, means that you, the business owner, assumes all the risks associated with the business transactions, and your customers none.

    Why Reverse The Risk?

    The main reason that you'll want to reverse the risk is so that you may boost your sales and profits.

    Risk Reversal can easily be achieved by providing an Extraordinary Guarantee. An example would be an iron-clad, no-questions-asked money back guarantee.

    Buyers, especially Internet Buyers, are generally skeptical. This is particularly so if they've never dealt with you or your business before. Your credibility is in question and the trust yet to be established. Even if they are your existing customers, it's imperative that you employ this powerful marketing concept of Risk Reversal by offering a strong and extraordinary guarantee...

    ... Here's Why:

    Having a strong guarantee is one of the most effective ways to counter the skepticism and fears of the buyers in doing business with you.

    If your customers or potential customers see a guarantee, especially an extraordinary one, they can be pretty certain that they'll get what they're after.

    It shows them that you're confident about, and have a strong belief in, your products and/or services.

    It also goes to show that you're reliable and trustworthy, and if they're not satisfied with your offerings, they've nothing to lose.

    The end result is that you'll dramatically boost your sales and profits - sales and profits you would not have seen without the strong guarantee.

    Here's an example:

    Let's say in any of your promotional campaign, you normally sell 500 units of your product. Through a strong guarantee, you increase your sales by 8% or 40 units without spending any additional funds on advertising.

    This translates to a total sale of 540 units for that campaign.

    Let's say you later experience a 10% refund of the additional sale of 40 units, that is, 4 units (10% X 40 units), which you won't.

    Even after the refund, you'll still make an additional sale of 36 units just by offering a strong guarantee. These are sales that you'll never get without the guarantee.

    Now you can see how a strong guarantee will boost your sales and profits.

    Then Why Are Many Business Owners Unwilling To Offer Such A Guarantee?

    Many business owners have the misconception that people are only concern about the price of the product or service. Price, no doubt is a factor but only a minor one, and only to a certain extent. If the customers want something, and if you're able to addres

    Boost Email Donor Newsletter Open Rates with Safe Subject Lines in Online Fundraising
    The last time I checked, which is to say, yesterday, the average open rate for an email donor newsletter was 37%. That means 63 percent of donors are not opening the email newsletters they’ve asked to receive. If they’re not opening them, then they’re not reading them. And if they’re not reading them, then they’re not clicking any of the links, including the ones that lead to online donation pages. Thus, one sure way to boost your online donation rates is to boost your email open rates. One way to do that is to write good subject lines. Here are some proven methods.1. Put your newsletter name in the subject line With email
    achieved by providing an Extraordinary Guarantee. An example would be an iron-clad, no-questions-asked money back guarantee.

    Buyers, especially Internet Buyers, are generally skeptical. This is particularly so if they've never dealt with you or your business before. Your credibility is in question and the trust yet to be established. Even if they are your existing customers, it's imperative that you employ this powerful marketing concept of Risk Reversal by offering a strong and extraordinary guarantee...

    ... Here's Why:

    Having a strong guarantee is one of the most effective ways to counter the skepticism and fears of the buyers in doing business with you.

    If your customers or potential customers see a guarantee, especially an extraordinary one, they can be pretty certain that they'll get what they're after.

    It shows them that you're confident about, and have a strong belief in, your products and/or services.

    It also goes to show that you're reliable and trustworthy, and if they're not satisfied with your offerings, they've nothing to lose.

    The end result is that you'll dramatically boost your sales and profits - sales and profits you would not have seen without the strong guarantee.

    Here's an example:

    Let's say in any of your promotional campaign, you normally sell 500 units of your product. Through a strong guarantee, you increase your sales by 8% or 40 units without spending any additional funds on advertising.

    This translates to a total sale of 540 units for that campaign.

    Let's say you later experience a 10% refund of the additional sale of 40 units, that is, 4 units (10% X 40 units), which you won't.

    Even after the refund, you'll still make an additional sale of 36 units just by offering a strong guarantee. These are sales that you'll never get without the guarantee.

    Now you can see how a strong guarantee will boost your sales and profits.

    Then Why Are Many Business Owners Unwilling To Offer Such A Guarantee?

    Many business owners have the misconception that people are only concern about the price of the product or service. Price, no doubt is a factor but only a minor one, and only to a certain extent. If the customers want something, and if you're able to addre

    Does Your Customer Talk Back To You?
    What is your customer saying about you? Do you really know? Does your customer really know who you are?If you don't know what your customer thinks about you, your business, your product and your services, then you might as well close shop!A customer is the lifeblood of every business and you must always strive to be in tune with what your customer thinks and how they feel. Don't leave your customers unattended and in the dark. Invite feedback. Add a feedback form to your website or a simple "mailto:" link that looks something like this:"Questions? Comments? Send email to info@m...People love to give their opinion especially if they decid
    e of the most effective ways to counter the skepticism and fears of the buyers in doing business with you.

    If your customers or potential customers see a guarantee, especially an extraordinary one, they can be pretty certain that they'll get what they're after.

    It shows them that you're confident about, and have a strong belief in, your products and/or services.

    It also goes to show that you're reliable and trustworthy, and if they're not satisfied with your offerings, they've nothing to lose.

    The end result is that you'll dramatically boost your sales and profits - sales and profits you would not have seen without the strong guarantee.

    Here's an example:

    Let's say in any of your promotional campaign, you normally sell 500 units of your product. Through a strong guarantee, you increase your sales by 8% or 40 units without spending any additional funds on advertising.

    This translates to a total sale of 540 units for that campaign.

    Let's say you later experience a 10% refund of the additional sale of 40 units, that is, 4 units (10% X 40 units), which you won't.

    Even after the refund, you'll still make an additional sale of 36 units just by offering a strong guarantee. These are sales that you'll never get without the guarantee.

    Now you can see how a strong guarantee will boost your sales and profits.

    Then Why Are Many Business Owners Unwilling To Offer Such A Guarantee?

    Many business owners have the misconception that people are only concern about the price of the product or service. Price, no doubt is a factor but only a minor one, and only to a certain extent. If the customers want something, and if you're able to addre

    CD Business Card Duplication
    CD business card is a relatively new concept. It is basically an electronic version of your business card and can be used for a variety of purposes. There are basically two ways you can get your own CD business card. You can either do it yourself or use CD business card duplication.If you want to leave a lasting impression with your clients or potential customers, a CD business card can go a long way. You can put much more information on a CD than a small business card. You can use images, video to bring across your business offer much better. Most people will throw away business card but will not throw away CD business cards since CD business card ha
    our sales and profits - sales and profits you would not have seen without the strong guarantee.

    Here's an example:

    Let's say in any of your promotional campaign, you normally sell 500 units of your product. Through a strong guarantee, you increase your sales by 8% or 40 units without spending any additional funds on advertising.

    This translates to a total sale of 540 units for that campaign.

    Let's say you later experience a 10% refund of the additional sale of 40 units, that is, 4 units (10% X 40 units), which you won't.

    Even after the refund, you'll still make an additional sale of 36 units just by offering a strong guarantee. These are sales that you'll never get without the guarantee.

    Now you can see how a strong guarantee will boost your sales and profits.

    Then Why Are Many Business Owners Unwilling To Offer Such A Guarantee?

    Many business owners have the misconception that people are only concern about the price of the product or service. Price, no doubt is a factor but only a minor one, and only to a certain extent. If the customers want something, and if you're able to addre

    High Staff Productivity
    One of the reasons business owners may start a business is to make money.Because of this, I have found that business owners tend to think that money is the major motivator for employees too.This may be true for some employees, yet it’s certainly not true for all employees.I have found that most employees first and foremost want a place that appreciates them.A place where they feel acknowledged and that they are making a contribution.Money is about fourth on their list of priorities.Yet if you fail on the first 3, that is, the employee doesn’t feel appreciated, doesn’t feel acknowledged and doesn’t feel like they are contrib
    , you'll still make an additional sale of 36 units just by offering a strong guarantee. These are sales that you'll never get without the guarantee.

    Now you can see how a strong guarantee will boost your sales and profits.

    Then Why Are Many Business Owners Unwilling To Offer Such A Guarantee?

    Many business owners have the misconception that people are only concern about the price of the product or service. Price, no doubt is a factor but only a minor one, and only to a certain extent. If the customers want something, and if you're able to address their concerns and fulfill what they want, they'll gladly buy what you have to offer.

    Many business owners are also afraid that they'll be ripped off. Just in case you think that you'll be ripped off by offering guarantees, research have shown that this rarely happens as 99.5% of people are generally honest. Of course, there'll be a few moral rejects who'll take advantage of you but the additional customers that you'll gain will more than offset the few that'll take advantage of you.

    Furthermore, very few people will go through the process of actually returning something that they've bought, unless of course, you've infuriated them. If you're a savvy business owner or marketer, you should know better than to infuriate your customers.

    Think about this - the process of asking for a refund is a socially uncomfortable one; it takes confidence and self-assurance to ask for a refund even if you're openly offering one.

    Now, I must add that in order for your guarantee to achieve the objective of boosting your sales and profits, you'll need to bear the following in mind:

    1. You'll need to have a quality product and/or service
    2. You'll need to address the customers' deepest frustrations
    3. There shouldn't be any unreasonable conditions attached to it
    4. It should preferably be for at least a minimum period of 90 days or more.

    An example of a strong guarantee will be:

    "Try out the product for a full 365 days! If it does not double your sales by the end of the 365 days, just return it and we will cheerfully refund your full purchase price."

    I believe you can see the power of the above statement. It implies that you're so confident of your product that you're assuming all the risks, not the customer.

    Once you've got over the fear of reversing the risk, you'll be ready to offer bold guarantees. A bold guarantee sends the message to your potential customers that "you're reliable and your offerings are of high quality". It takes away the risks associated with the purchase of your products and/or services, and it also lends you credibility.

    As you can now see, risk reversal is one of the most effective ways to boost your sales and profits. Put this powerful marketing concept into practice immediately. Spend

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