With these economic downtimes among us, it sometimes feels like we are very overworked, and underpaid in our Internet businesses.
Costs are still same, but sales are lagging. This alone is bad enough for your business, aside from depression that could set in and cause you to be less productive.
So to step aside from that and get your business back to creating type of income that you are used to, even when people just aren't spending as much, here are a few tactics to create instant surges of cash, with very little work.
1. Run a "clearance" sale
This is an easy one. Simply run a special sale on one of your products. Here are a few ideas:
- We're Over-stocked so you can order at 20% off...
- The manufacturer gave us a good deal, so we are passing savings on to you...
- We have a warehouse full of already-opened, but perfectly normal products that we are going to sell for half off..Only 54 units are available...
2. Offer an extra bonus
Here is a simple idea. Create a new, exclusive bonus to offer to everybody who orders within a certain time frame.
This bonus can be an audio interview with a recognized industry expert, a special report, a new gadget, whatever.
Tell them that they can get this special new bonus if they order within 5-15-20 (or however long you want to give them) days from today.
If your bonus is of high value, many people will order your product just to get bonus. Either way, you still get sale.
3. Joint venture to increase value
You can joint venture with a complimentary product owner and offer each others products as a package for same price.
So if I sell a product for say $39, and you sell one for $39, my traffic and your traffic can get both products for $39 if they order within a certain time frame.
This is more drastic, but *definitely* gives you an instant surge of new orders. You can usually get these kinds of deals quickly when JV partner sees instant potential it can have.
You don't want to de-value your product by doing this though, so you have to make it quick. Set it up to only last for 3 days or so, email your opt-in list about it, then take it down.