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Packaging info profits for maximum profit

September 21st, 2018 by Bob Bly

The strangest thing, at least to me, about selling info products
is this:

You can take the same content, and sell it for different prices,
in a variety of formats, the price depending largely on how you
package it.

Which means if you are an info marketer, you should give some
serious thought to how you package your products.

A case in point: In the 20th century, an info marketer named DD
sold a course on how to make money in mail order, which he
marketed primarily through an infomercial.

The course had almost a dozen components — most of which he
called “manuals” — each selling for $19, $29, or $39 (one was
$12)

When you added them all up, they had a total list price of $250.

Then he offered them for only $39.95 — an 84% discount off the
combined retail value of the 11 components.

Each manual had a beautiful shiny color cover, making them look
valuable.

Curious, I ordered DD’s mail order course.

When I got the package, I discovered that the manuals were thin
saddle-stitched reports — only a few pages each.

When I stacked them up, in total they were much thinner and had
far fewer pages than the paperback books I was writing back then
on similar subjects … and my books sold for around $15 in
bookstores.

Because my books were sold in bookstores, I did not capture buyer
names and therefore could not market other offers to them.

But DD was marketing his course through direct response TV, and
so he rapidly built a list, which he upsold on other products and
expensive coaching services — making tons more money than I was.

The lesson: sell your info products via direct response — either
infomercials or online — and turn your content into a lucrative
info marketing empire like DD did.

And repackage the content so you can charge more than if it’s
just an ordinary book.

The more elements in your info product … especially one with
multimedia elements such as manuals, reports, resource
directories, video, audio, and live components such as webinars
or coaching — the higher the price you can command … and the
more money you will make.

If you sell only low-priced ebooks at say $19 each, you have to
make 26 sales to match the revenue of the marketer who sells one
high-priced course for $497.

Also, by selling his product at $497, he builds a list of people
who spend a lot of money for valuable information, while your
list prefers cheaper bargains.

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This entry was posted on Friday, September 21st, 2018 at 1:37 pm and is filed under Online Marketing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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