We all know we love bonuses. We all know that a bonus will create a tremendous demand for your product or service. So if you're thinking of running a marketing campaign, without a bonus, here's a good reason why you shouldn't.
It's based on giving a kid a chocolate ice cream.
Well, go on, give the kid an ice cream
Good, now that you've done the giving, take it away. Yes, take it away. Now you're having to deal with a screaming, yelling, angry kid. Why? You know why. You gave them something and took it away.
Bonuses act the same way
When you show a client a whole lot of bonuses, they're like the kid. They're happy. They're smiling. They're about to bite into their ‘ice cream' when you take it away.
So how do you take it away?
That's what the yes-yes factor is all about. The client can see two options. Option 1 has a few bonuses, but Option 2 has a lot more bonuses. The ‘lot more' bonuses represent the ice cream. Once the client sees those additional bonuses, that's all she wants. And when you ‘take' it away, by giving them the stripped down version, they feel the sense of loss.
A psychological factor called Loss is what kicks in
You look forward to a sunny day. You get rain. You feel loss.
You look forward to getting your gift delivered on your birthday. You get no gift. You feel loss.
You see the bonuses, but you don't get the bonuses. Ahem…loss.
Which is why your product or services should NEVER be without bonuses. And bonuses that are extremely exciting. And should always have a yes-yes component to it.
Which brings us back to the kid who's still crying…
Give him his ice-cream back, will ya? And get back to work–by looking at your products and services…and seeing if you have created the power of loss in your marketing.
P.S. Isn’t it a pain creating a new product?
With tens of thousands of similar products or services in the market, it seems impossible to make your product stand out. But is there a way to make your product/service irresistible—and without looking cheesy?
Can you really use simple techniques to create a great offer? Here are two psychological methods that we can’t turn down as humans. If you’re a small business you can use these techniques to increase your product and service sales.
Click here to read more: The Two Psychological Techniques To Creating An Irresistible Product/Service (And Increased Sales)
Bonuses can sell your products sometimes better than your copy. Many times, people will buy your product just for the sake of the free bonus.
There are 2 things that you need to be careful of when selling with bonuses:
1. Make sure the bonus has value and is not so widely used.
2. Make sure that you did not add too many bonuses for the price of the product that you are trying to sell. This can cause a lot of distrust.
-Joshua Black
The Underdog Millionaire
The bonus is more important than the product itself. I start with the bonus first. Then the product.
Gr8 post mate. Sure its the bonus which matters the most. Bonus 1st for me as well.