Mathematical Proof You Have To Create A Product Funnel To Maximize Product Income - Part 3
Sean: Okay, and remember, for some of you selling a ten dollar product, this is out of your realm, and I’m pushing you. For some of you already selling $5000 seminars, you’re laughing, “Oh, yeah it’s easier to sell a $5000 seminar to three people than it is to sell a 500 product to thirty people.” Okay, lets look at some conversion rates. I’m going to take this from a different perspective, I want to look at some conversion rates.
For the ten dollar product, and lets do that, I know some of you have ten dollar products, and some of you have hundred dollar products, and some of you may even have $500 products, so if everybody would help me out here, there should be about seventeen of you on this call, so if everyone would help me out here, help me come out with some average conversion rates for ten dollar products, one hundred dollar products and five hundred dollar products. So if you have a ten dollar product or something close, seventeen or even twenty five, what is your average conversion rate on your ten dollar product. Help me out here, shoot some numbers to me, hit *7 if you’re talking and I’m not hearing you, just hit *7 that will unmute you. Conversion rate on ten dollar product?
Caller 5: Can you here me?
Sean: Alright, anyone on the phone?
Unknown: Yes.
Sean: Yeah, I can hear you. Go ahead. Okay, conversion rate on a ten dollar product? Okay, nobody is selling ten dollar products on this phone call? How about –
Caller 5: I–
Sean: Go ahead.
Caller 5: Yeah, I was going to say, a ten dollar product, probably, I say depends on the traffic, but I say possibly about 10%, you know on the cheap end.
Sean: Ten percent on a cheap product? Yeah, okay.
Caller 5: I mean, it really depends on your list.
Sean: Yeah, it really depends on your list. It could be, you know, I’ve done ten dollar products that have converted at 4% consistently and I’ve done specials where I’ve gotten it up to 20% for short periods of time. So you know, it could be, 10% on a well targeted page, that could be the case on a ten dollar product, lets just use that.
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Sean Mize is an internet marketing strategist who teaches internet marketers how to increase their income by creating high ticket classes and coaching programs.
Tags: maximize product income, create a product funnel
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