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Back End Selling-making the real money

Article Description:
====================

Anyone who has been in marketing, and has their own product, will
tell you that the vast majority of your profits will be in back
end products. Surprisingly enough many people seem to forget this
and after the initial sales seem to fizzle out like a brightly
glowing meteor or firework. 


Additional Article Information:
===============================

687 Words; formatted to 65 Characters per Line
Distribution Date and Time: 2007-04-18 12:36:00

Written By:     Cheryl Miller
Copyright:      2007
Contact Email:  mailto:[EMAIL PROTECTED]



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Back End Selling-making the real money
Copyright (c) 2007 Cheryl Miller
Magnetic Marketer Newsletter
http://www.badgemags.com/magnetic_marketer_subscribe.htm



Anyone who has been in marketing, and has their own product, will
tell you that the vast majority of your profits will be in back
end products. Surprisingly enough many people seem to forget this
and after the initial sales seem to fizzle out like a brightly
glowing meteor or firework.

Firstly what is a back end product? This is a product or service
that is offered to a customer after his first purchase. For
example you buy a nice set of golf balls, from a company, and a
little while after you purchase, you receive a note from the
company about a great discount on a manual containing the latest
tips for improving your game. Now as a golfer you might very
likely be interested in this. Added to this is the fact that you
have already bought good quality product (golf balls) from the
company and have confidence that you can expect the manual to be
of the same high standards.

Encouraging the backend sale: As you can see there are a couple
of elements here that would encourage a customer to make a second
purchase. One is the primary product must be of the highest
quality. This will give them confidence in your company that they
will receive good products and services. Customer service and
support are another key factor; always make sure you give extra
attention to this and over deliver. Another important element is
of course making sure that it is a related product that the
customer would find useful. The discount is the icing on the
cake.

How to do this?

1. Mailers are the best way to offer back end products. This is a
sequence of messages set up on your autoresponder. They will
start with the immediate thank you letter on purchase. A couple
of days later a message with an offer to help with any questions
your customer might have. Include a discount coupon for a related
product or service, as a thank you for purchasing a product from
your company. You can make some variables on this sequence but
remember to try not to bombard your customer with too many
messages, as this will deter purchase.

2. A discounted offer for a related product on the actual
purchase page. It can be presented as a one time offer, bundled
in with the customer's purchase.

3. Announcement of a new related product that you have developed,
with a nice discount for established customers. You can even form
a special announcement list for interested customers.

4. Free newsletter: This is always a nice place to offer back end
products.

Where to get back end products? Resale rights products, make good
back end offers and will also save your time, so that you do not
have to immediately develop new products.

Develop new related products and services. If you like developing
new products or have a special line of products lined up to sell,
then you will have the advantage of brand new original products
and services to use as back end offers.

Affiliate for related products and services. This is an easy way
to get hassle free, back end products. Be sure these are related
to your primary offer.

Examples of what you might use for back end products: If your
primary product is a service you can add related e-books as
backend products, or discounts on tools and related services.
There are a wide variety of back end offers associated with
products as well. This will largely depend on what your primary
product or service is. A wise idea is to have a line of about 5
additional products associated with your initial product or
service. You can then make 5 additional sales from the same
customer. When you announce a brand new product the sequence
begins again.

The 20/80 rule: consider that your primary product will give you
20% of your profits, but back end sales can bring you in as much
as 80% of your overall business profits. So do not pass up on
back end selling. It could cost you some serious money in lost
profits.




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Cheryl Miller is an entrepreneur specializing in niche markets. 
For more information about magnetic badges and how they can help 
you promote your business, please visit http://www.badgemags.com 
Cheryl is also the publisher of the Magnetic Marketer Newsletter 
http://www.badgemags.com/magnetic_marketer_subscribe.htm


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