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Further
Reading ...
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Sell Information For Fun And Profit! - BB Lee Sell Information For Fun And Profit by BB Lee (C)2002 (412 words) You've probably seen the ads all over the Internet and in various print magazines offering you insider details on how to market information products and get rich quick! Most of...
Aspiring Webmasters Want To Know, "What Makes A Website Grow?" - A Raymond Randall It appears that most webmasters have come from the world of advertising. Their website content emphasizes "marketing and promotion". Just to prove my point, do a Google search on "marketing promotion". As I write, Google comes up with "about...
Create a Compelling Vision for Your Business - Caterina Rando I ask you a very important question: Do you have a vision—a Technicolor snapshot in your mind of what your ideal life looks like? If not, create one. Not a goal; goals come later. Visions are more powerful than goals because visions have an...
Dispel The Myths And Find Success - Elizabeth McGee The internet has literally redefined the lifestyles of every man woman and child on the planet. With a mouse and a modem you can find love, pay bills, do your homework, and shop til you drop. The world is at your fingertips. With all of the...
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Guarantees with Oomph
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Written By:
Marcia Yudkin
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Not long ago a real estate appraiser asked my opinion of his new brochure. "'Guaranteed on-time appraisals,'" I read out loud. "You mean that if it's not on time, the customer gets a refund?"
"No, I couldn't do that," he replied. "So many times things get delayed for reasons outside of my control."
"What do you mean, then, by 'guaranteed'?"
"Never mind, then. Strike that out. We couldn't give people their money back every time an appraisal was late."
He'd come close to landing his business in serious trouble. The word "guarantee," like the word "free," has a specific meaning that the Federal Trade Commission and state attorneys general enforce. Without any explicit qualifiers attached, "guarantee" means that the customer has the right to a 100 percent refund if the product or service disappoints them -- no "ifs," "ands" or "buts."
Further, because of the well-known strength of the word, a guarantee holds a powerful potential to increase business. I explained to the appraiser that an on-time guarantee would probably boost his business enough to cover the occasional refund. We then restated his guarantee to read, "We guarantee that we'll deliver your appraisal by the promised time, or it's free." He'd cover his flanks by being careful about the promises he made.
Like a sharp knife, guarantees can cut through a prospect's skepticism and fears. Handle them with care, but include them in your business's toolbox.
* Try a long guarantee. The longer the guarantee, in fact, the fewer refund requests a business receives. If your competitors offer a 30-day money-back guarantee, extend yours to 90 days, a year or even a lifetime.
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Depending on your business, consider a performance guarantee instead of promising a refund. For example, a termite-control customer might prefer your promise to make the problem go away, no matter what it takes, to getting her money back if the treatment doesn't wipe out the pests.
* If you can stand behind outrageous-sounding guarantees, go for it, as in, "We guarantee that your credit-card application will be approved by one of the listed banks, or we'll return every penny you paid us, plus $10.00 extra for your trouble." Since this company knows that only 4 percent of applicants get turned down, their offer motivates without bankrupting them.
* Try guaranteeing some aspect of your product or service rather than the main product or service itself. One advertising firm promises that all calls will be returned in less than one hour, or the caller receives a $25 gift certificate to a local restaurant.
* Act graciously and promptly when a request for a refund comes in. See what you can learn from the customer's dissatisfaction. Software returns were killing one catalog merchant until she wrote the catalog copy more carefully and tested it on her friends for clarity. Customer service research reveals that people whose complaints are handled well often turn into more loyal customers than those who never had a problem!
About the Author The above is adapted from "Secrets of Mouthwatering Marketing Copy" by Marcia Yudkin, available from http://www.yudkin.com/mouthwatering.htm . Marcia Yudkin is the author of 11 books, including Persuading on Paper and Internet Marketing for Less than $500/Year.
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