Chapter 7. creating a killer offer Flashcards

1
Q

a good offer is…

A

something people actually want and are willing to pay for

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2
Q

Magic formula for making a sale:
Basics

A
  1. what are you selling
  2. how much does it cost
  3. who will take immediate action on this offer
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3
Q

Magic formula for making a sale:
Benefits

A
  1. The primary benefit is
  2. An important secondary benefit is
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4
Q

Magic formula for making a sale:
Objections

A

list your three main objects for this offer:
1.
2.
3.

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5
Q

Magic formula for making a sale:
Objection counters

A

list 3 counters corresponding to the last 3 objections
1.
2.
3.

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6
Q

Magic formula for making a sale:
Timeliness

A
  1. Why should i buy this now
  2. What can i add to make this offer even more compelling
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7
Q

providing a nudge

A

examples:
1. Start today and get a 30% discount for the next 3 years!!

  1. Save money and skip these fishy websites (offer transparency)
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8
Q

Value isn’t always rational

A

Learn to think about value how your customers do, not how you would like them to.

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9
Q

FAQ benefits

A

Identify the main objections your buyers will have when considering your offer and carefully respond in advance

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10
Q

basic human desires

A

needs, concerns, and fear

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11
Q

request faqs

A

• How do I know this really works?
• I don’t know if this is a good investment (and/or I’m not
sure I have the money to spare).
• I’m not sure I can trust you with my money.
• What do other people think about this offer?
• I wonder if I can find this information/get this product or
service without paying.
• I worry about sharing my information online (or another

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12
Q

core concern of FAQS or objections are…

A

trust and authority

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13
Q

Counters to the FAQ and objections

A

• This really works because .
• This is a great investment because . .
• You can trust us with your money because . . . (alternatively,
You don’t have to trust us with your money, because we work
with an established, trusted third party . . .)
• Other people think this is great, and here’s what they
say . .
• You have to pay to get this product or service (alternatively,
The free versions aren’t as good, it takes a lot of work to get
it on your own, etc.)
• Your information and privacy are 100 percent secure
because

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14
Q

when answering to objections don’t be…

A

defensive, but be proactive excited or Enthusiastic to answer and help

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15
Q

examples of how to answer objections using benefits

A

Point 1: This thing is so awesome! [primary benefit]
Point 2: Seriously, it’s really awesome. [secondary benefit]
Point 3: By the way, you don’t need to worry about anything.
[response to concerns]
Point 4: See, it’s really awesome. What are you waiting for?
[take action]

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16
Q

provide an incredible guarantee

A

DONT LIKE IT get your money back AND MORE

17
Q

Overdeliver

A

give more and extra stuff so people will be wowed

18
Q

Chapter 7 key points

A

• As much as possible, connect your offer to the direct benefits cus-
tomers will receive. Like the Alaska coupon books, a compelling offer
pays for itself by making a clear value proposition.
- What people want and what they say they want are not always the
same thing; your job is to figure out the difference.
• When developing an offer, think carefully about the objections and
then respond to them in advance.
• Provide a nudge to customers by getting them to make a decision.
The difference between a good offer and a great offer is urgency
(also known as timeliness): Why should people act now?
• Offer reassurance and acknowledgment immediately after someone
buys something or hires you. Then find a small but meaningful way to
go above and beyond their expectations.