Most Important Concepts
Action Points
Chapter Recap
Section 1: What’s a money model?
- Make enough profit to cover the cost of getting a new customer within the first 30 days.
- 4 types of offers:
- Attraction, upsell, downsell, & continuity offers
Section 2: Attraction offers
Win Your Money Back Offer
- Get paid up front, but offer the customer to get their money back if they complete X.
- Offer them an upsell once they have already seen some results.
Giveaways
- Give away a grand prize to one winner, but for everyone else offer it at a discount afterwards.
Decoy offer
- Decoy offers advertise something free or discounted. Then, when leads ask to learn more, you also present a more valuable premium offer.
Buy X get Y free
Pay less now or pay more later
- Give people a choice to get it for free, then automatically billed later, unless they are unhappy.
Free goodwill offer
Section 3: upsell offers
The classic upsell
- Price options in a way where it nudges the buyer towards the one you want them to buy.