The Money-Back Guarantee
A good money back guarantee is another thing your reader will be looking
for. These days everyone has a guarantee so if you don't, you'll look like
you're not very sure of your product. Don't make it something unrealistic
like "I offer a 50 year money-back guarantee!" This sounds like a kid wrote
it because it's just way too long. The reader isn't even sure if he'll
still be alive in 50 years. Make your guarantee something realistic like
between 30 days and 1 year.
Don't make your guarantee less than 30 days. The problem with making your
guarantee less than 30 days is that you'll end up making your reader feel
like they don't have much time if they decide to return it, so they'll just
panic and return it fast. There's a condition you may have heard of called
"Buyers Remorse" and it happens quite often. Buyers remorse usually occurs
within 72 hours from the time a customer makes a purchase. What happens is
the buyer suddenly feels like he/she might have made a mistake in purchasing
what ever item it happens to be that they purchased from you. At that point
the buyer looks at the guarantee the product came with. If it's a 7 day
money back guarantee, the customer is going to feel like there isn't much
time left, so they better return it now. Even if it's a 10 or 14 day
guarantee, the customer is still going to feel a little short on time and be
more likely to return it immediately.
You never want to make your customers feel like they're on a strict time
limit or time schedule to return your products.
When you offer an extremely long guarantee, your customer will feel more
relaxed and confident that your product will be as good as you promised.
But if you give the reader a good amount of time like at least 30 days, they
won't feel such as strong sense of urgency to make a decision. And
eventually the buyers remorse they felt will go away and they'll become
comfortable with their purchase and keep it. I even like to some times
offer a 90 day guarantee or even a year. By offering such a long guarantee,
the customer feels almost no sense of urgency and no panic to return the
product. They figure "Heck, I've got a whole year to keep trying this thing
out and using it." So they just keep hanging on to it and eventually they
just feel like they've had it so long and used it so much that it would not
even be fair to the company at this point to return it. They may even feel
embarrassed to return something after such a long time.
Here's a secret weapon you can use for guarantees that most consumers and
marketers don't know about. There's a Federal Postal Law that says all
goods shipped by U.S. or Canadian Postal Services. Not many people know
about that law, but here's how you can turn it into your own secret weapon.
First, you must understand that many consumers have been lied to about money
back guarantees in the past. Yah, it shouldn't come as a surprise to you
that many marketers are con artists, crooks, and frauds that don't honor
their own money back guarantee. Sure they made the promise, but when the
customer asks for his/her money back, the marketer often time comes up with
some technicality why you can't have your money back. You've probably
experienced this yourself. I know I have. Anyway, by telling your
prospects and readers about this automatic Federal Law that exists, they'll
trust you more. Mostly because they know that a con artist wouldn't tell
them about Federal Laws that are designed to protect consumers against con
artists and fraud. Your prospects, leads, customers, and web visitors know
it takes a pretty honest person to let potential customers know about this
law.
You might just add a little disclaimer like this one below to the bottom of
your website or sales letters to make your customers feel well protected.
"Federal Law mandates that all orders shipped within the U.S. come with a
built in, unconditional 30 day money back guarantee. Know your rights as a
consumer and exercise your rights by returning any and all goods sent to you
that are not as described by the seller."
Below is a sample of my own guarantee that I use as my main guarantee.
Order at my risk! That's right! I'll assume all risk so that you can order
without any doubt or concern. My course comes with a no risk, satisfaction
guaranteed, 100% unconditional, money back guarantee. There is nothing for
you to risk since your course comes with an automatic 100%
money-back-lifetime-guarantee. I'd like you to order my course today, read
it, use it, and if for any reason you're not completely satisfied, just
return it for an instant refund of the price you paid. You have nothing to
lose and everything to gain. I assume all risk for you!
And don't forgot, I offer a lifetime guarantee because of that famous rule
of thumb I told you about earlier: The more time you give your customers to
return your products and services, the less refunds you'll get back. Yes, a
30 day money-back guarantee will cause you to have more returns than a
one-year guarantee. This is just a time tested and proven fact of marketing
and human behavior.
Also there are certain words that sound very glamorous when included in your
guarantee such as: "100% unconditional", "No Risk", "No Hassle", "Risk Free",
etc. These words all make your money-back guarantee sound even more
irresistible to the buyer.
Since I review business opportunities and internet gurus all day for a living, you can guess I know which ones work and which ones don't. Click here to see how I make my money.
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