24 Feb 2008 12:33:15 | Chad Thomas
I was just thinking about something Gary Halbert wrote about guarantees and how they could not only increase sales but also reduce refunds. I believe Gary's example was when he offered a 200% money back guarantee for some kind of home business product that was getting hit hard by refunds.
The catch was that if you wanted the 200% refund, you had to provide proof (business license, merchant account records, etc) you actually followed the steps outlined in the product.
By setting up the guarantee that way, he reduced the perceived risk, built trust, and drastically cut the amount of refunds. Evidently most the customers asking for refunds never put the information in the product to use.
So if you're looking for something to test, why not try testing a bold guarantee.
Which Guarantee do you think is better?
Try my Niche Annihilation System for 30 days. If you aren't making at least $100 a week by the end of the 30 days, I'll give you a quick 100% Refund.
OR
Try my Niche Annihilation System for 30 days. If you aren't making at least $100 a week by the end of the 30 days, send me a link to your Niche's website and links to the 10 "free ads" described in my system and I'll not only refund your order, but I'll send you a $100 dollar check just for trying my system. No matter what happens you make money!
I don't know about you but the second guarantee would tempt me a whole lot more than the first...
About Author :
Chad Thomas is a direct marketer, super affiliate, consultant, and author. His specialties are creative marketing ideas, conversion rate improvement, and testing. Get free access to proven marketing advice, test results, and step by step business guides at his website http://www.200ProofMarketing.com right now.