Fire sales are a great way to make quick money for your online business. Some of the most respected internet marketers have reported six figure gains from forced sales that lasted only a week or less.
Fire sales are also extremely easy to create, as they are usually a collaborative effort between several marketers. Using joint venture efforts to create your clearance sales is a great way to alleviate a lot of the work that might otherwise require assembling your own collection of products to offer at the clearance sale.
It’s become customary these days to expect a one-time offer as part of the sales process for most internet marketing transactions, so a good percentage of your income can come from those additional sales. However, there are several ways to increase your earnings even beyond the single offer.
What most marketers don’t consider before making a force sale is that the money doesn’t have to stop rolling in at the end of the week. By simply thinking ahead, you can set up a simple follow-up system that continues to bring in even more money after your clearance sale ends.
In this article, I’ll share five profitable ways you can easily increase back-end sales at your next clearance sale. Of course, to follow up with your customers, you’ll need to set up an autoresponder system on your download or thank you page to collect your customers’ email addresses. All of these tips assume you’ve already done that.
1. Offer an upgrade package a few days after the clearance sale – One of the hardest parts of creating a great package of items to offer at your clearance sale could be deciding which products to include and which to leave out. A good way to earn extra income a few days after the initial sale is to put together an upgrade pack of items that weren’t originally included and sell it for an irresistible price. It is very likely that many customers will accept the offer.
2. Review Similar Affiliate Products – Many force sales have a particular theme, such as software or private label rights products. This tells you exactly what these customers are interested in and what they are willing to spend money on. Don’t miss this opportunity to offer similar products on an ongoing basis.
3. Host a client-only teleseminar/webinar – A teleseminar or webinar is a great follow-up tactic, but it should be more than a sales pitch. For example, if you are doing a force sale of software, a teleseminar or webinar would be a great asset and a way to provide customers with insight into the use of the software. At the same time, you might offer to upgrade to a more expensive version of the software or suggest similar products.
4. Create a membership area and add suggested products – It would be easy to set up your download area as a membership area and offer additional products in the weeks or months after your clearance sale.
5. Promote Additional Clearance Sales to Your JV Partners – Once you build a list of hundreds of customers who have purchased your clearance sale package, you can continue to earn future commissions simply by telling your customers about new clearance sales, especially those of the joint venture. partners who helped you.
These tips should help you see how soon you can get a sizable payday after a few days of making a forced sale without investing a lot of time or effort. Even if you’ve never held a clearance sale before, with good planning you can make your clearance sale a huge success.