Over the last few years firesales online have become wildly popular. Internet marketing firesales in general represent a sell off of high quality products at rock bottom prices for a short period of 7-10 days with the price rapidly going up until the close of the sale.
There have been some insanely profitable success stories in the past using this technique, others have jumped on the bandwagon only to find out it's not that simple.
Here are 5 steps that you can take to make sure your firesale is profitable:
1) Make sure to put together a package of quality products that are worth promoting and will generate some excitement. If you push the same old tired resell rights products everyone else is trying to market, your jv partners and potential prospects won't respond.
You can try to create unique and exclusive products or hire out the work. Offer products that are in line with what your market is looking for.
2) Create an irresistable offer, one that will have people thinking: "this is too good to pass up, I better jump on this right away!" An incredible offer can have the same effect of a buying frenzy in the stock market. Imagine people falling over themselves in an attempt to make sure they took advantage of your offer before it was gone? Now that's value.
3) Present money making opportunities for your customers by offering a customer only affilate program. Not only will you profit from their purchase, but you can also profit from the purchases their contacts make.
4) Stick to your guns when it comes to raising your prices and closing down your event. A sense of urgency that is manifested by fear of loss can produce a dramatic increase sales. If your sale is 5 days then keep it at 5 days or maybe even one day before, but don't go beyond your scheduled time and risk lowering the credibility of your offer.
5) Enlist the help of as many power players as you can, to create a buying frenzy for your offer. If you try to go it alone, the odds of hitting big numbers are low. By recruiting as many jv partners as possible, you can get a buzz going that will send your sales figures through the roof.
If you would like to experience the excitement of the biggest firesale in internet marketing history visit: BiggestFireSale to Find out how you can qualify to win 1,500 in cash prizes as well as a chance to win all the products. Over 100 of the internets top marketers have contributed some of their best selling products at a huge discount. Starting November 18, 2008. 7 days only.
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