Pricing For Big Profits - Special Report

Discover The Pricing Secrets Even The
Marketing "Gurus" Don't Tell You...

  Special Report by Paul Hancox, presented by TalkBiz News  

If you're selling any kind of product or service, or are thinking of doing so, one of the most important questions you could ever ask is...

"How do I determine the price of my product or service?"

For some physical retailers, pricing is easy - they just add a profit margin to their costs, and they have the price!

However, what about digital products that have much lower costs or are harder to value? For instance, how do you price a 30 page PDF report, a PHP program, or a 15 video downloadable set?

Of course, you might be wondering...

Why does pricing matter so much anyway?

Let me give you a couple of examples of why pricing is so important:
  1. Set your price too high above what people are prepared to pay, and you may end up stifling sales and choking your business.

  2. Set it too low, and people may view your product as "cheap" and lacking in quality. (Yes, it's possible to have too low a price - see Myth #2 below.)

  3. Set it high and then drop the price significantly, and your current customers may complain that they've overpaid!
So this begs the question...

How do you find the "right" price?

I've been marketing on the Internet for over 10 years now, and I've long been an advocate of "price testing" - but what I've discovered over that time is: testing is only part of the story.

I gradually realized that there was much more to pricing than I initally thought, which is why I decided to put it all together into a special report,
called Pricing For Big Profits.

For example, consider the following six commonly held beliefs by many Internet marketers...

Do you believe these six Internet pricing "myths"?

OK, they're not "myths" in the traditional sense, but as I'll show you, they are a lot less true than many marketers think:

Myth #1: Lowering your prices will increase your sales.

It sounds like common sense, doesn't it? After all, who doesn't like savings, bargains and discounts? Yet in my report I'll share with you several examples of where sales went down as the price went down.

I've discovered that there are specific circumstances in which this is likely to happen - so it's important to know what they are, which I'll explain in the report.

Myth #2: You can never have too low of a price.

In my report I'll give you an example of where lowering the price by just $1 actually killed sales altogether! Clearly the lower price was "too low". More importantly, I'll explain what happened, and why people stopped buying just because the price was lowered by $1.

Myth #3: Pricing too far above your competitors will kill sales.

You should definitely keep an eye on your competitor's prices - and just about every online business has competition of some sort - but in the report I'll show you a specific example of where pricing far higher than the competition was used as part of an effective pricing strategy. But be careful... don't do this unless you understand the circumstances in which it can work, which I'll explain in the report.

Myth #4: The best way to determine your price is to ask your potential customers what they'd be prepared to pay.

This might sound surprising, but your potential customers are actually the last people you should ask about pricing! This is a critical piece of understanding that you must know, but very few marketers understand this.

Myth #5: Customers like choice, and they can never have too much of it.

I'll show you how research has shown that, in some cases, giving customers too many choices can actually shrink sales dramatically (i.e. by as much as SEVEN TIMES less!) and increase the risk of refunds on the sales you make.

On the other hand, there are specific circumstances in which adding more choice is likely to increase your sales. Do you know what those circumstances are? If not, you need to read my report.

Myth #6: Prices that end in 7 work best.

Many Internet marketers believe that prices ending in 7 have a kind of "magical" property, and outsell other price points. However, as I'll show you, this is not always true!

If your prices end in 7 just because others have told you they work best, then you could be losing money.

In addition to busting or challenging these six pricing "myths", I'll show you many of the PSYCHOLOGICAL FACTORS that go into pricing and price presentation, some of which have only recently been discovered - such as the "decoy effect", the "compromise choice principle", and the "pricing shortcut" rule that made one Internet marketer a fortune.

In addition to the above...

Here's what you'll discover in this report...

  • How RAISING your price can increase sales, and under what circumstances this is likely to happen. (But make sure you know what they are BEFORE you do this! - p49)

  • What Dell and magicians have in common, and how you can use their techniques to influence people to want to pay more. (p56, 57)

  • Why do retailers still prefer prices ending in 9? In particular, discover the surprising truth about prices ending in 7 and 9 (as well as 99 and 00) that most Internet marketers won't tell you - or simply don't know! (p65-69)

  • If you're going to test your prices, how to do so safely and avoid the mistakes that cost and money. (p17)

  • A powerful psychological secret that will enable you to set a high perceived value on your product or service, and raise your prices easily. (p40, 41)

  • If you're considering selling through ClickBank, here's two simple and time-saving formulas enabling you to quickly calculate (a) the minimum price you need to charge to pay out a fixed dollar commission, and (b) the percentage affiliate commission you should set. (p43-46)

  • How adding extra choices can help you sell more, but too many can actually kill sales. Find out exactly how and why here. (p52-58, p60)

  • Four pricing models you can follow, to sell products ranging from $7 to $1,997. When you understand the mindset of potential customers at different price points, you can sell high OR low priced products - or both! (p72)

  • Discover the 3 M's - the 3 most important factors in deciding your price points...
... and much more. So then...

Why do you need this report?

Everyone who sells their own product or service, or is thinking of doing so at some point, needs the valuable knowledge that is contained in this report.

After all, pricing is a critically important issue, and a bad pricing decision can cost you money, and potentially restrict your sales.

Plus, there are many factors you need to consider before deciding on a price point for your product, and in my report I'll explain each one and show you the relative importance of each.

So don't neglect this most important issue - instead...

Start reading now, and get your prices right!

The price of this 80+ page special report is only $47. It is covered by my 8 week personal guarantee: If you read this report and don't believe that the information inside is worth at least 100 times what you paid for it, let me know and I'll refund 100% of the price. No questions asked.

Note: This report is in PDF format, which is viewable on virtually every computer platform (including Windows, Mac and Linux).

Pricing For Big Profits Yes! I would like to download Pricing For Big Profits and understand that the price of the complete 99+ page report is a one-time investment of only $47.

I understand that my investment is fully covered by your 8 week guarantee - that if I don't feel the information inside is worth at least 100 times what I paid for it in additional profits, I can receive a 100% no-questions-asked refund.

On that basis, I'd like to get started right away:

Here's what others are saying about the report...

Paul, I just finished reading your report for the second time. You've created another classic that will take its place alongside Small Changes - Big Profits and 10% Conversions. I've read several works on pricing, and most of them are so dry you could use them to make beef jerky. Yours, on the other hand, was actually fun to read.

Over the last year or so, I've been involved with the so-called Offline Gold or Cash Cow arena, consulting with real world companies on online marketing. Probably the single most common question asked on the Warrior Forum is 'how much should I charge?' Your report answers that question splendidly, and should be required reading for anyone considering selling their expertise to brick and mortar businesses.

Congratulations on knocking another one out of the park...

John McCabe

Paul, I absolutely love Pricing For Big Profits! Like I've come to expect from you, the pricing approaches and strategies you discuss are very clearly and methodically presented.

After reading this report, you've given me at least 3 very clever new ideas to test for my own offers and those I write for clients -- and you've given me a better understanding of WHY certain things work the way they do.

As you know, for a copywriter the art of crafting an offer is often inextricably tied to pricing. You've both reinforced some of my own beliefs about "what works" but also made me stop and rethink some things I hadn't fully considered - at least not in the detailed and scientific way you always put things together!

I especially enjoyed the "Decoy Effect" and your in-depth analysis of the harm in pricing your products too low.

Thanks a million (dollars),

Brian McLeod

Hi Paul,
Yes, no words can describe that incredible report. It helped me so much in pricing my new course "Clickbank Tornado" which is still in prelaunch testing stage. So, I've tested with the new price which built on your factors listed in the report, and guess what?! My conversions now up to 13%

Thanks Paul,

Alex Bacon

Paul, I have used your products in the past and as far as I'm concerned you are "The Authority on Split Testing" but I just wanted to let you know this information on pricing has to be some of your best work.

I was going to read this over the next couple of days and then give you my review on it but once I got started I just couldn't put it down....I had to keep reading! This report could make the difference of success and failure of anyone interested in making money online.

You have made this the most in-depth report on pricing I have ever seen but not only that, you have shown the reasons behind the principles in this report and why they work!

This is absolutely outstanding and a must read for anyone wanting to make money! I don't know what your price is going to be of this report but even at a $1,000.00 it's still a bargain. I highly recommend this fantastic report! As I said before...It is a must read and could be the difference between success and failure for anyone in business.

Charles E. White

Hi Paul,

I just finished reading your report and it was fantastic.

Your report really shared a lot of invaluable information in an area that's been a mystery to me. I've never really had a pricing strategy before and I never thought to test it. So, my pricing strategy has been: nothing. Just following the herd so I'm grateful to have a clear blueprint to apply and test pricing of my info products.

I'm happy to provide you my endorsement. Please feel free to use this review as you wish.

Alan Petersen

P.S: If you have any questions, don't hesitate to send me an email. Just use the contact link below.

Paul Myers
TalkBiz Digital, LLC
651 E 24th St, Erie, PA 16503