Do bonuses really work?At least once a week we get asked about
common approach to offering bonuses -- has this technique been overused?
My answer is always
same...
Crappy, freely available, 3rd party bonuses are definitely overused and have become quite ineffective.
Bonuses that are different, relevant and of high perceived value will often double or even triple your sales - It has happened to me.
WHY BONUSES WORK
Since
beginning of time, bonuses have been used by advertisers to entice users to make a buying decision.
Bottom line is, they do work and here's why...
We make buying decisions based on emotions, you've no doubt heard that statement before.
However, being rational, thinking and logical humans, we also must justify our decision to buy we do that by convincing ourselves there is enough value to justify our emotional decision.
You read a sales letter, are intrigued by
headline. Your attention is kept through
first paragraph and you decide that you want
product or service based on benefit statements you relate to.
Now, you check
price - and it's somewhat higher than you anticipated.
Buyer's won't usually give up at this point.
They will actually attempt a value calculation by re-looking at what they get.
That's where your bonuses can make a big difference - they either justify
cost and click your order button, or they are gone forever.
5 EFFECTIVE BONUSES YOU CAN USE
It used to be you could throw just about anything into your offer and it would increase your response rate.
Not today though, today's customers look closely at
benefit they will get from their bonuses.
Select
right combination and you can still easily double or even triple your response rate.
So what can you bundle that will provide value for your customers WITHOUT taking months to create?
Here are 5 power-packed bonus ideas to increase your sales:
1. Work Sheet or Checklist.
This is one of our favorites, we've had terrific feedback using checklists in
past - some of which could have been sold on their own. If you have a product that explains a series of steps, processes, techniques or strategies to your customers, then pulling those into a checklist can be extremely simple and effective.
Use Microsoft Word's ability to insert a square symbol and a check mark - you will find both under
"Webdings" symbol options.
Checklists are also wonderful bonuses to use for tele seminars, coaching sessions, consulting services, seminars and other educational opportunities.
2. Short Summary.
You're ebook, audio or video may be 100's of pages long. Summarize
key points into 3-5 pages and you will have created a high-value bonus without having to create additional content.