06:41
Faizan
Two words: Recurring Payments
If you're like many online marketers, you might think the key to success is having a huge list of subscribers and tons of customers. And of course, both of these things are good. But if each customer only buys from you one time, then much of your time, energy and resources will be spent on forever finding and selling new customers.
If, however, you can increase how often each customer buys from you, then you can make more sales while doing far less prospecting. For example, imagine if each customer buys from you 6 or 8 times instead of once. And imagine if you only have to sell them once for this to happen...
... you can begin to see the power of subscription payments.
And it gets even better...
Because your average customer value is higher, you can actually afford to 'buy' new customers through targeted and tested ad campaigns. This literally takes the ceiling off of your income.
People who buy from you on a subscription basis are much more likely to buy other products from you as well.
You can spend far less time hunting for new customers, and more time cultivating the customers you already have.
You continue to get paid until the customer does something to stop these payments. It takes effort on their part to overcome their own inertia and figure out how to unsubscribe. Often it's easier for them to put it off, sometimes for months and even years.
If the service or product you're selling brings a tremendous amount of value, they're not going to want to cancel. Ever.
If you're like many online marketers, you might think the key to success is having a huge list of subscribers and tons of customers. And of course, both of these things are good. But if each customer only buys from you one time, then much of your time, energy and resources will be spent on forever finding and selling new customers.
If, however, you can increase how often each customer buys from you, then you can make more sales while doing far less prospecting. For example, imagine if each customer buys from you 6 or 8 times instead of once. And imagine if you only have to sell them once for this to happen...
... you can begin to see the power of subscription payments.
And it gets even better...
Because your average customer value is higher, you can actually afford to 'buy' new customers through targeted and tested ad campaigns. This literally takes the ceiling off of your income.
People who buy from you on a subscription basis are much more likely to buy other products from you as well.
You can spend far less time hunting for new customers, and more time cultivating the customers you already have.
You continue to get paid until the customer does something to stop these payments. It takes effort on their part to overcome their own inertia and figure out how to unsubscribe. Often it's easier for them to put it off, sometimes for months and even years.
If the service or product you're selling brings a tremendous amount of value, they're not going to want to cancel. Ever.
Posted in: internet
