3 Overlooked Profit
Opportunities on Your Site
By Yanik Silver
If you're already selling anything online this article is
going to show you how to add extra revenue you didn't even know
you had "hiding" in your site without getting any more
visitors.
* Overlooked Way #1 - An Upsell:
If you've been in marketing for any time you've probably
heard of "upsells" or "bumps". Car dealers are excellent at
using this technique. Once you have agreed to buy a car you
then go into the finance office. This finance guy is really
another place where they try to extract as much money as
possible from you; dealer financing, extended warranties, rust
coating, a low-jack security system, etc. These additions will
normally add as much, or more, profit to the dealer as the
original sale. These are upsells or cross- sells.
Another great example is if you've ever called a late night
infomercial you will be given an upsell. They will offer you a
special deal on the third bottle of super grime cleaner if you
buy 2 bottles. These upsells usually end up bringing more
profit than the original item people intended to purchase.
Why not do the same online?
This little "magic trick" can instantly increase your
profits 20-66% even without getting any additional business or
website visitors. It works great because your prospect is all
hot and heavy and ready to buy. They've got their credit card
in their hand and they've already made the commitment. (If you
read Robert Cialdini's book "Influence: The Psychology of
Persuasion" you'll see commitment and consistency is a key
psychological trigger.)
There are a couple ways I've successfully used upsells on my
sites:
First you can use an "intermediary" page. Once prospects
click on the order buttons they're taken to a new page (and not
the order form). This page tells people about a special offer
that is for today only and that they can get a 'deluxe' or
'gold' version of the package for X dollars more. You can make
the upsell a big dollar amount or a small insignificant little
'bump'. I do this on www.InstantSalesLetters.com and my
numbers have been quite good using this technique - as high
as 68% some days. So think about my additional profit
margins just by inserting this one extra page. Awesome!
Another way of doing this is by "recommending" a product.
Anytime you buy something from Amazon - that's exactly what
they do. Up comes a page that "Customers who bought __ also
bought__" and then they have a slew of products.
Next, you can also have the upsell right on the Order page.
I've even used something as simple as putting a check box on my
order form on www.InstantInternetProfits.com. It could
be that simple. On this we get a 25% upsell rate. Take a
look at what appears at the bottom after the customer has
already filled out their info to buy the course
You have to play fair and let people get the original price
and package you offered but there's no reason you shouldn't add
a complimentary upsell immediately. The upsell is one of the
easiest (and most profitable) techniques you can start
implementing tomorrow. This is like the "would you like fries"
strategy. Unless you're offering "fries" you're missing out on
tons and tons of profit. You simply need to come up with a
couple more compelling bonuses, packages or up-sells that
people will get for the upgrade.
* Overlooked Way #2 - Thank You Pages:
After upsells, I'd say 'thank you' pages are one of the most
overlooked profit hot-spots. Once again, there are several ways
I've used this technique. First of all, anytime somebody buys a
product from you online - they are taken to some kind of thank
you page. Most people will simply put "Thank you for your
order" and that's it. They leave the customer with their credit
card in their hands to go off to some other website and give
them money. Why not give people a special deal on the thank you
page or at least give them links to your other products or
other people's products that you make an affiliate commission
on?
Now if it's a digital product - then they need to get their
download but you can also put some recommended resources right
on the download page. At the bottom of the digital download
page for www.PublicDomainRiches.com we have a
recommendation for the new Public Domain Gold Mine(tm)
package.
Those aren't the only thank you pages. Many people totally
forget about the 'thank you' pages that come up after someone
signs up for your list. Now where you want to send them will
depend on where they are in the sales process - but you can
have a list of recommended resources that comes up AFTER people
subscribe to your email list. Why not? If that's the last
action you were expecting - you should look for ways to profit
from this.
* Overlooked Way #3 - Thank You
Emails/Confirmations:
Don't forget the initial email confirmation you send back to
your customers. Last technique we talked about making offers on
the thank you page but your 'thank you' email is one of the
most read emails. In addition to the 'typical' stuff you should
include like customer service information, who will bill their
credit card, etc why not add a simple P.S. to the bottom of the
email like I do offering additional resources (or even a
special deal just for customers).
I guarantee just putting these 3 easy overlooked ways to
work on your site will help squeeze out even more profits for
you & without adding a single visitor. Give it a try.
About the Author: Yanik Silver is recognized as
the leading expert on creating automatic, moneymaking
websites...and he still doesn't know how to put up a website.
He is the author, co-author or creator of several best-
selling online marketing books and tools, including his newest
resource - www.UltimateCopywritingWorkshop.com
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