The Shameless Truth About Selling 7 Dollar Products

The Shameless Truth About Selling 7 Dollar Products

I’m sick and tired of seeing people being taught they could make a living on selling 7 dollar products, yet almost every single course or training teaches it.

The truth is: It’s bullshit!

You can’t make a living on selling 7 dollar products alone. Period!

Do the math and calculate how many of those 7 dollar products you have to sell just to cover your monthly expenses.

If you’re like me, you’ll realize even 100 sales a week won’t be enough.

Now I’m not saying that everything you have been told were lies. But it wasn’t the entire truth either.

Behind The Scenes Of Selling 7 Dollar Products

Let me give you a real life example:

Twice, sometimes even three times per day, young boys pass our house to distribute some leaflets of local shops. By the end of the day our mailbox is filled to overflowing with advertisements.

I’m sure it’s no different in your area and you know what I am talking about, right?

This form of advertising makes sense for the companies as their weekly offers draw new and repeated customers into their shops.

And those customers don’t just buy what was offered in the leaflet. They usually leave the shop with the trolley half full at least.

The result: The companies attract customers to their shops. The customers save some money on their purchase. And the poor young boys make some pocket money to invite their crush for ice cream next Sunday.

By now you can see the evil truth in this scenario, right?

If not, let’s translate it into the internet marketing world:

  1. Companies (product owners) get the word out about their offer
  2. Customers save money with an inexpensive purchase
  3. Paper boys (affiliates) deliver the advertisement for a compensation

If everything is set up right, the product owners will have additional low ticket or mid ticket offers in their funnel, for which they pay a certain percentage in commission to the affiliate as well.

And they usually make backend profits with monetizing their download pages or membership sites through high ticket offers or coaching programs.

How To Get Away From Selling 7 Dollar Products

So, how can you escape that rat race of selling 7 dollar products?

Simply with adding high ticket offers to your mix of products.

High ticket offers are products in the range of $1,000 and above, that will pay a commission of $800 to $1,000 per sale.

Imagine, just one single sale of a high ticket product will outperform a whole week of promoting the lower priced tripwire.

How I do it?

With just one simple twist, that takes me literally 2 minutes to set up.

Let me show it to you in this free video.

 

Your Turn

Are you still selling 7 dollar products only, or do you use higher priced offers as well? Please share your own experience in the comments box below, and also consider sharing this post with your friends and followers if you think it could open their eyes as well.

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8 Comments

  • Roy Miller

    Reply Reply March 23, 2016

    Torsten, I have heard more than one “guru” say that you must sell high ticket items to make a full time income on the internet. You are right in this post.
    Roy Miller recently posted…Boom- My First High Ticket SaleMy Profile

  • Joy Healey

    Reply Reply March 23, 2016

    Hi Torsten

    I’m so pleased to hear you say this.

    The other thing I found when I first got trapped into this silly myth was that so many affiliates were selling exactly the same product and it just ended up as a game of who could provide the most enormous bonus (that no-one could ever work their way through anyway).

    In the end I unsubscribed from the email lists of all but one of these affiliates because it seemed just a blood bath to me.

    The other thing was the huge variability of the quality of these products. Some were amazing value, but some weren’t worth the paper they “weren’t” written on….. but of course for $7 you’re hardly likely to bother to ask for a refund.

    Since we last caught up I have moved my business into two parallel strands. The main one is a cashback club where both active and passive members can earn, and the second is a high ticket offering that has a front end sales funnel.

    These are where the real money is, depending on the time you have available and it’s much easier to get excited about a four figure sale than a $7 one.

    Joy – Blogging After Dark
    Joy Healey recently posted…Premier Cashback News and My Results Update March 2016My Profile

  • Enstine Muki

    Reply Reply April 12, 2016

    You made this post irresistible by way of its title bud.

    I think those who sale for $7 are just looking for money to buy a theme or some plugin. They must be depending on some other source of income.

    To be quite frank, you are very correct. During the soft launch of my ebook, I mailed my list and gave out copies for $7. Over 30 copies sold at that price and that was just a bite.

    Now, if one solely depends on selling $7 products, you’ll need high traffic to generate about 15 sales a day to be able to make $3000 a month. How consistent will that be?

    😉

    I’m off to checking your video now. I’m sure some gold is inside 😉

    Do have a wonderful week bud

  • Chris Thompson

    Reply Reply April 12, 2016

    Great post! This conveys so much on seven dollar products and how you honestly can’t make a living out of it. Keep up the good work and I wish you all the best.-Chris Thompson

  • Stephen Walker

    Reply Reply May 23, 2016

    Comment by: Stephen Walker

    Hi Torsten,

    You are right. High ticket items make a great deal of sense so long as you are prepared to invest in the promotion of the product.

    I have seen many schemes that claim to make it easy. It is not. It requires investment of time and money but the ROI is attractive.

  • Ron Killian

    Reply Reply June 2, 2016

    Interesting post Torsten.

    I guess a “full time” income will be different from person to person. So some folks probably could make a full time income. Though I agree, it’s tough and alot to sell to make good money.

    Obviously the best way to sell $7 product is to use it as a lead in, get them in the funnel and upsell to a higher priced product, or multiple products.

    Or better yet, use them to build a buyers list and then you have something that could make lots of bucks.

    What amazes me is the people who sell ebooks and the likes for $1. With no funnel. After pay pal, there is like nothing left. Maybe they think they will get all the biz because it’s so cheap. Great in theory, but not the out come.

    I sell alot of lower priced items, but most people buy more than one item, so it can add up.

    On a side note, seems your commentLuv plugin is not working correctly. Thought you might like to know 🙂

  • Ravi Chahar

    Reply Reply August 9, 2016

    Hi Torsten,

    It’s normal that the local boys drop the advertisements templates in the letterbox.

    To provide the high tickets would help you. I am sure there are many people who want to know about it.

    Thanks for sharing with us.
    Have a great day.
    ~Ravi
    Ravi Chahar recently posted…40 Incredible Ways To Increase Facebook Page Likes?My Profile

  • Kimsea Sok

    Reply Reply June 25, 2017

    Hi Torsten! It has been a while never your blog. How have you been, by the way?

    Actually, I saw you around on YouTube, but just not ready comment the videos.

    You’ve done a great over there.

    I first should speak about the 7 dollar. Honestly, it might be a small income in your country, but sometimes, people can make living selling 7 dollar product in my country.

    I used to spend $2.5 a day for living. LOL!

    I knew you cannot imagine that.

    Whatever, if we can figure out how to earn more than that, why don’t we take a trail?

    I’ve never heard about selling high ticket, but will learn from your video.

    Oh. I didn’t receive your newsletter for a while, but resubscribe it.

    Please check and make sure everyone can get your newsletter.
    Kimsea Sok recently posted…How to Get AdSense Account Approved After Published 4th ArticleMy Profile

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