_________________________________________
--- Welcome To ---
H o me B i z B y t e s
Visit us on the Web at:
http://www.HomeBusinessOnline.com
.....
February 23, 2001
Library of Congress - ISSN #1530-8790
* See end for contact, submission and subscriber information.
_____IN THIS ISSUE_______________________
- EDITOR'S RAMBLINGS
- FEATURED ARTICLE
"Buy My Book for $27 and I'll Give You Bonuses Worth $1295!"
...How to bundle for valuable results without devaluing
your product
- COLOSSALLY COOL CLASSIFIEDS
- TIP OF THE DAY
More ideas on bundling
- DOWNLOAD OF THE DAY
Boy, have I got the editor for you
EditPlus...intuitive yet flexible
- KIND THINGS YOU HAVE SAID... Thanks!
- Contact, Submission and Subscriber Info
_____LOOK!_______________________________
Please give our sponsor a click.
Editor's Note: I've known Peggie for several
years from a list we're on together. She's for
real and worth checking out...
~~~
RGreatHosts offers domain name registrations
for $12.99 for 1 year, $10.00 per year for 10 years.
Check out R Great Hosting prices starting at $7.95.
http://www.RGreatHosts.com
~~~
* Want your business to be seen in this popular top
sponsor spot? Super pricing. Click this link:
http://www.HomeBusinessOnline.com/ezine/hbb/adinfo.html
_________________________________________
Editor's Ramblings
_________________________________________
A warm welcome to our 82 new subscribers this week.
RAMBLINGS...
I have a gripe. There's a terrible disease spreading on the
internet, and the small, home-based guy is buying into it.
What's the disease?
Freebies.
Not that freebies are all that bad. I give away plenty. But,
it seems that there's a freebie madness that's set in — the
more freebies you give out, the more buyers you'll get.
Folks, nothing could be farther from the truth. What customers
are looking for is value, not necessarily just freebies. Free
bonuses are a powerful selling tool, but do we really have to
give away the farm to make the sell?
No, no, no. Do I make myself clear?
Bundling does sell. I've sold more products and services
through bundling than any other method. It's a great tool.
So, wouldn't it be worth our time to learn how to bundle?
I'm not talking about providing 10 bonuses worth $1295 for a
$27 product. Ouch! That's ridiculous, and I can tell you now
that it won't sell your product. If anything, it'll drive
serious buyers away.
Yet, I see it all the time, and it seems to be becoming a norm
for small internet so-called entrepreneurs. I'm on a mission,
and I'm quite serious about it. I intend to reform the small,
misguided guy and help him/her to see the errors in his/her ways.
You'll want to read today's featured article on bundling for
positive results. It spells out a formula that will help you
figure out what kinds of bonuses and how many of them to add to
sell your products. Be sure to also read the Tip of the Day in
this issue as it gives ideas for specific bonuses you may wish
to offer with your products.
Remember, I read every email from our subscribers, so send 'em
my way!
Heidi Perry
Your Striving Editor, with guns a'loaded
mailto:Editor@HomeBusinessOnline.com
P.S. You'll find an archive of past issues and articles at
http://www.HomeBusinessOnline.com/ezine/hbb/
You are welcome to reprint any articles from this or any issue
of HomeBizBytes as long as the author's credits are included.
_________________________________________ Buy My Book for $27 and I'll Give You Bonuses Worth $1295!
...How to bundle for valuable results
without devaluing your product
I almost clicked. Really, I did.
The ad copy was compelling, the content focused. This was
exactly what I was looking for. Yes, I was convinced I had
found just the eBook I needed to add to my e-library.
Credit card in hand, my mouse cursor hovered over the "order
now" button ready to click. The excitement mounted. I had to
have it.
Then it happened...a doubt...a discordant second thought that
caused me to view the irresistible offer in an entirely
different light — so much so that I put away my credit card
and clicked the "back" button on my browser instead.
Sale aborted.
What the devil could possibly have persuaded me to turn my
cheek the other way so abruptly?
Was the cost too high to justify the purchase?
Not at all. In fact, I would have paid twice that for the
information initially presented.
Perhaps there weren't enough bonuses?
Okay. Now we're getting warmer. However, it's not what you
might think.
The fact is, this guy had me completely sold until he
presented his gazillionth bonus...blah, blah, blah. Yea,
this guy really blew it by offering overkill on his bonuses.
By the time I got to the umpteenth bonus, I was actually
doubting the value of his main product.
By bundling so many bonuses (many of which had been around
the Net and back hundreds of times) with his eBook, the author
actually succeeded in lowering the perceived value. I began
to feel that perhaps the information was not truly worth the
money. I mean, why did he have to attach so many bonuses,
many of which did not even directly apply to his topic?
Is it possible that bundling bonuses with your offer can
actually do more harm than good?
Yes, absolutely.
Does that mean that bundling is not good.
No, absolutely not. In fact, I'm a firm believer in bundling.
You simply need to learn how.
So, what's the key?
How do you know what kinds of bonuses will actually help tip
the Doubting Thomas over the line and compel him to click the
"order now" button? And how many bonuses will it take?
There's a very simple 2-question "Bundling Test" you can use
to know whether you're adding value to your products or
whether you're devaluing them.
Bundling Test
1) Do your bonuses complement, as if to complete your product?
(you want to do this)
2) Do the kinds and quantity of bonuses overshadow, as if to
cloud or drown out your product? (you don't want to do this)
Once your bonuses pass the Bundling Test, you simply work over
your ad copy until it is a fine piece of workmanship.
Now, that makes sense, doesn't it? Then, why do so many
people insist on raping the quality of their product by
removing the purity of the offer?
You've got to have firmly in your mind what it is you want to
sell. Is it your product or is it your bonuses? It should be
your product. Your bonuses should then support the sell of
your product. It's as simple as that. Non of this haphazard
throwing in bonuses.
May I offer two real-life examples I recently encountered?
One made me click away, the other caused me to click the
"order now" button. And, yes, I did purchase the product.
I've changed the name of the author in the first example to
protect the innocent (or not-so-innocent). For the purpose
of comparison, in both examples the authors are selling info
products on the topic of e-publishing; nevertheless, what is
gleaned from each example applies to any product for any
industry.
Example #1: The Slipshod Approach
Let's call the author/seller of the first info product "Joe."
Nothing wrong with the first part of Joe's ad copy. It was
convincing and compelling. Where did his offer fall apart?
In his bonuses.
First of all Joe's bonuses were never mentioned until the
very end...well after the first, second or even third "order
now" button. It was as if they were thrown in as an after-
thought, and a not very-well-thought-out bonus package at
that. This positioning brings to mind the shady used car
salesman who tries a last-stitch effort with, "Tell ya what
I'm gonna do." Tacky. No thanks.
Secondly, most of Joe's bonuses were nothing more than eBooks
that you can find on any free eBook directory. Oh, and the
hundreds of reports with free reprint rights? Worthless! Can
you see how quickly Joe's offer is losing credibility?
Thirdly, Joe offered a total of seven bonuses containing 21
eBooks, 650 reports with reseller rights, a software toolkit,
an eBook compilation service, a free email account, and free
subscription to an ezine...all this for Joe's one measly
little eBook and, as Joe stated, "to sweeten the deal." This
sweet deal was rapidly leaving a sour taste in my mouth.
What was so wrong with his eBook that he had to offer so much
junk?
Furthermore, none of the bonuses directly complemented the
topic of his own eBook. Why simply throw them in? Customers
are looking for a nicely-put-together package, not the
slipshod approach.
But, here's the straw that broke the camel's back. Joe's
book was priced at $27. How much would you think his bonuses
should be worth? An additional $10? $30? A doubled $54?
Would you believe over $1,000? Get real! The value of the
bonuses was grossly lopsided to the value of his own info
product.
Now, what value do you perceive that $27 eBook to have? Most
likely, not much value at all by now.
Unbelievable! Yes, quite frankly it was.
You've heard the old adage, "If it sounds too good to be true,
it probably is." My sentiments exactly. With so many
slipshod bonuses thrown in, it was simply too good to be true.
In short, it turned my interest to suspicion.
Let's put example #1's offer to the "Bundling Test." Did
Joe's bonuses complete his product? No. In fact, they took
away from it. Did the bonuses drown out his product? Yes,
grossly.
Looks like the first example failed miserably. Let's go on
to the next example.
Example #2: The Seamless Approach
Paul Myers, the author/seller of the info product in this
example, presents an excellent example of how bundling and
presenting your bonuses should work.
Paul's new info product was worth $97. With this he bundled
three quality eBooks. Already, he established value in his
offer.
Although I already had two of those eBooks, the way Paul
seamlessly wove the three bonuses into his product was
intriguing. He made me feel as though those three eBooks
should not be read as stand-alones, rather that they were
integral to his own product.
How did he do this so seamlessly?
First of all, Paul took the time to explain in detail what
each bonus eBook contained. He expounded on how each eBook
complemented his product, calling the bonuses "the primers"
to his course. Not only this, he spoke personally about each
author of the bonus eBooks and what they could offer the
reader.
There was nothing presented as an after-thought. The bonuses
were an important, well-thought-out, integral piece of the
puzzle.
Let's put Paul's bonuses to the "Bundling Test." Did his
bonuses complement his product? Yes, in fact, they completed
it. Did the bonuses drown out his product? No. There were
three perfectly thought out bonuses, no more. And, their
value to his product was reasonable, giving value to his own
product.
Bingo.
Now, I did not put out money for the cheaper $27 product. I
did, however for the more expensive one. Why? Paul's example
created value, and much of that value was in how the bonuses
were presented. In contrasting the two above you can clearly
see why.
And how did Paul end his ad copy? With these words, of
course, "No $1658.97 worth of useless bonuses to waste your
time. Just the stuff you need to get results."
Amen, Paul.
That is what you and I ultimately want, after all, isn't it?
Results?
Folks, there's a fine line between adding value to your
products and devaluing them. Make sure you know which side
of the line your bonuses are on.
Use the "Bundling Test" to help you add value to your
products. If your bonuses pass the test, your readers will
click.
Bundle away...but be sure you bundle for desired results.
------
Note: You have permission to reprint this article in its
entirety with the author's credits below.
Heidi Perry, the author of this article and a successful
entrepreneur, is editor of HomeBizBytes and co-founder of
HomeBusinessOnline.com. Sign up for her popular newsletter at
http://www.HomeBusinessOnline.com/nsl.htm?hbb
_____LOOK!_______________________________
Want to place an ad in our Colossally Cool Classifieds?
Join our group of elated advertisers and have your ad seen
by over 8,000 subscribers.
View current rates at
http://HomeBusinessOnline.com/ezine/hbb/adinfo.html
________________________________________
Colossally Cool Classifieds
_________________________________________
We appreciate our advertisers. Why not give them a click!
(Legal mumbo jumbo: see disclaimer at end of this ezine)
..........
* NEED INK? DON'T PAY RETAIL... SAVE 40-80% !
Inkjet cartridges, refill kits, JetPak Mailers.
Satisfaction IS guaranteed! Free Printer utilities!
http://www.maxpatchink.com?hbb
..........
* "...THE BEST EBOOK I've read for web marketing
since MYSS. But yours flows much better!"
Want to find out more?
http://scamfree.com/clickhere/
..........
* THE HOME-BASED BUSINESS That's Turning Heads...FREE!
All-new home based money-making opportunity. Send
blank email for free report to:
mailto:trevorb1@msn.com
..........
* HOW DID OVER A MILLION PEOPLE GET FREE money
grants last year for their businesses? Click on the
link below to find out how you, too, can be the
recipient of free money.
http://www.roibot.com/r_fsfe.cgi?R27442_hbb010123
..........
* ADVERTISE IN OUR POPULAR CLASSIFIEDS at our website,
just $12 for a full six months. Many have received
well over 4,000 click-thrus. 80% of our advertisers
come back for more. It works... ask our advertisers!
http://www.HomeBusinessOnline.com/cgi-bin/classifieds/links/add.cgi
_________________________________________
Tip of the Day
_________________________________________
More Ideas on Bundling...
We established quality and quantity of bonuses in the
featured article, but may I offer specific bonuses that can
be quite effective?
These are thoughts to help you trigger your own ideas:
· eBooks
Either purchase the reprint rights (if cost-effective),
or contact the author of a few quality eBooks that
complement your product. Work out some sort of deal
that benefits both of you.
· Access to Private/Member Site
Provide a private area just for your customers to find
hand-picked and updated resources, tips, a private
discussion board to complement your product.
· Email Consultation
A half hour of your valuable time by phone, by chat or
by email can be intriguing to a potential customer.
Consultations should be specific and should complement
your product, i.e a website, marketing, copywriting,
financial or other business evaluation.
· Subscription to an Ezine or Newsletter
This could be your own newsletter or make a deal with
another publisher.
· Discounts
Offer an exclusive discount either for your own products
or services or make a deal with another merchant.
Off-line bonuses work equally well, whether your product is
digital or tangible. They could include magazines and
off-line newsletter subscriptions, books, services, discounts,
gift certificates and so forth. Just be sure that what you
offer complements your own product you are selling.
Think outside the box, get creative and you'll come up your
own wonderful ideas. You can make a valuable offer they
simply can't refuse!
-----
If you have a unique tip you'd like to share, I'll post it
here with your credits. Email your tips to me at
mailto:Editor@HomeBusinessOnline.com
_________________________________________
Download of the Day
_________________________________________
Edit Plus v2.10c
While I've used plenty of text and HTML editors in past years,
none has won my loyalty as much as EditPlus.
Before my programmer husband turned me onto this outstanding
editor some months ago, I was happily using GWD Text Editor
with positive results. However, there were, admittedly, some
annoying bugs.
EditPlus is an Internet-ready 32-bit text editor, HTML editor
and programmer's editor for Windows. While it can serve as a
good replacement for Notepad, it also offers many powerful
features for Web page authors and programmers.
While my husband and I work along side each other, Dave doing
the programming and myself doing the HTML and design, it helps
to be working within the same editor. We can talk and walk
the same language while making suggestions and tweaking our
combined efforts.
It truly is a very powerful editor. With so many useful
features, like Syntax highlighting for HTML, CSS, PHP, ASP,
Perl, C/C++, Java, JavaScript and VBScript, EditPlus is very
intuitive yet flexible. It is especially useful as a seamless
web browser for previewing the content of your HTML document
or Java applet without leaving the editor. A huge plus! I'll
let you view the long list of features for yourself at their
website.
By the way, this is not an editor for beginners. To use this,
you should already have a pretty good working knowledge of
HTML if you plan to use it as an HTML editor.
System Requirements:
Windows 95/98/Me/NT4/2000
You can download it now. A full license is only $30. This
is the only editor you will ever need. Nope, I don't get a
kickback for telling you this. I just wanted to let you know
that neither Dave nor I have been disappointed.
http://www.editplus.com/
__________________________________________
Kind Things You Have Said
__________________________________________
* Editor's Note:
It's always good to know it's working. Thanks for for
letting me know.
---
"It's great that you appear to have developed a
world-wide circle of what feels like really good
friends through HomeBizBytes. Mark (my husband) and I
run a small Management Consultancy, although I also
have another job to bring home the proverbial bacon,
and he works mainly from home, so much of what you say
in your e-zine we find uplifting and encouraging.
Thanks again."
Sheila
---
"We are very pleased with the great response we have
gotten with the ads we placed in your *most*
informative and *fresh* HomeBizBytes newsletter. Very
affordable and productive for our small business budget!
We'll definitely be ordering more!
P.S. - We just placed three classified ads online at
your Home Business Online site, (can't go wrong at $12
each for six months)! Chances are pretty good we won't
be disappointed!"
Best,
Phil & Clara McKinney
MaxPatch Ink Supplies
MaxPatchInk.com
Send your feedback to me and I'll post it here with
your links.
mailto:Editor@HomeBusinessOnline.com
____________________________________________
Contact & Submission Information
____________________________________________
* Please tell us how we're doing! Send any comments
or feedback about this ezine to
mailto:HBB_feedback@HomeBusinessOnline.com
* If you wish to contribute an article or resource to
the newsletter or site please email
mailto:Editor@HomeBusinessOnline.com
* Permission to reprint or forward this ezine in its
entirety is granted, as long as all copyright info
and credits are included. If you would like to
reprint a portion of this ezine, please
mailto:Editor@HomeBusinessOnline.com .
We'd love to provide something useful for you and
your readers!
A heart-felt thank you for subscribing,
Heidi Perry, Editor
http://www.HomeBusinessOnline.com
Editor@HomeBusinessOnline.com
____________________________________________
Subscriber Information
____________________________________________
This newsletter is published weekly and only sent to
actual opt-in subscribers or as a result of someone
forwarding a copy to you.
* If you wish to join, send a blank email to
mailto:nsl_sub@HomeBusinessOnline.com
or you may subscribe at
http://www.HomeBusinessOnline.com/nsl.htm
* If you have changed your email address, please send
us your updated address information to
mailto:HBB_sub_modify@HomeBusinessOnline.com
[Email address info]
* To unsubscribe, please click on this link:
[unsubscribe email link]
______________________________________________
© Copyright 2001 HomeBusinessOnline.com
- All Rights Reserved
Disclaimer: All advertisements in this Ezine are by
Independent Advertisers, and the views expressed within
are not necessarily the opinions or views of the
publisher of HomeBizBytes.
|