Day 159
4:50 PM
Still watching US and UK store carefully. Seem to be fine.
Testing another (previously winning) product on a store I killed off 18 months ago.
This MIGHT work:
BUT before I do that I’m testing this:
$29.99/mo + BOGOF lets me break-even/small loss + front end…
… after 1 month = profitable
But $14.99/mo (single item)…
… after 3 months = profitable
So you can see basic math…
I could do it at $24.99/mo but $24.99 is in same [first digit = 2] category as $29.99/mo so I’ll leave it at that.
So yeah testing that offer, will see what it does
And so – why is the price ‘high’ compared to the competition?
30 Day Risk-free Trial + Lifetime Warranty + Free Returns/Replacements
PLUS I believe that the problem this solves… is worth like $1,000 at least to the person…
EDIT: I checked... the actual 'solution' to this costs $5000 to $18000, so $100 for a 'quick fix' seems perfectly reasonable.
Not my fault if everyone else is undercharging.
So charging 1/10 of that is fair enough.
Works for 80%+ of customers.
Used one myself a while back and it’s quite decent.
So IF it works then that’ll be a nice cashflow money printing machine
If it doesn’t work then I’ll just have to do $14.99 etc etc…
But I have to at least test it to see if the theory is correct
And maybe to sweeten the deal + make it more long-term valuable I could include some pdfs to help them…
But for now just testing this.
Oh yeah UK clothing store thing is £15.99/mo
US clothing store is $18.99/mo
Didn’t do much work at all on SAAS today… since this concept might be extremely valuable.
If I can get ‘winning products’ that usually sell for $29.99 etc, make them Buy One Get One FREE at $29.99/mo (3-4 mo depending on margins)…
Then I should be able to make $50+ per customer like clockwork.
Expand into enough niches… and I’ll have a front-end machine.
No, it’s not necessarily sustainable.
I’ll see how well this does before coming up with numbers… my calculations always seem to assume infinite scaling…
Hence SAAS. Long-term. Sustainable. 4-5 fig/customer + repeat customers + referrals etc etc…
Gotta get to work…