The 7 Dollar Secrets Ebook
At some time in the past day or so, I added the affiliate link and image for "$7 Secrets" to my lower right sidebar after seeing Costa Fong's post on the 7 dollar script. In fact, I purchased the product at his site.
Designed for Ebooks
"$7 Secrets" is a cheap ebook download that tells you how to make money selling ebooks for a mere seven dollars. Included within the pages are links to other places at the site mentioned, including the scripts, so that you can become an affiliate for this ebook and set up scripts on your own site to duplicate the process.
The scripts are perfect for selling ebooks for popular PLR products (private label rights products) at the low cost of seven dollars.
Why is $7 the key dollar amount?
The concept is simple. If you can afford to buy a cup or two of coffee at StarBucks or Seattle's Best, or even pump a couple of gallons of gas in your car, you can afford this. People are much more likely to buy something for a low amount than a high amount, even if the product at the higher amount is much better.
It's a compulsive thing. Right now, people usually won't hesitate to buy something under 10 dollars, but will think twice about something that costs 20 or more dollars. It's the hesitation factor that stops people from purchasing even slightly more expensive ebooks.
Why am I interested?
I stuck it way down in my lower right sidebar because I'm not really after affiliate sales. Sure, I won't turn one down, but it won't break my heart if I never sell one. How do I make money? Well, it's not with affiliate sales.
I'm interested because I've been told time and time again that I should be selling ebooks about some of the information I've been giving away for free. I can't make a valid decision unless I know what's in store for me.
Perhaps some day, when I have a lot more spare time, I'll sit down and write an ebook that consolidates information on specific topics and put it up for sale. That's the reason I bought the "$7 Secrets" ebook and it's the only reason.
[Update 2009-03-16: I've removed the link and image from the sidebar. In five months, I've only seen one purchase. It just isn't getting any action.]
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I wondered how you were making money with this site. The $7 deal makes sense. That's probably 2 Starbucks.
Hi,
I could not agree more. Of all the products I have ever bought this has to bee the best.
The $7 scrip is such a beautifully simple concept anyone can use it.
I know a site that teaches how to use the $7 to its full potential, I won't mention it here out of respect. However, if you want me to share the information let me know and I will leave the details on my next visit here.
PS I have nothing to do with the site, but the owner is one of my mentors and a good guy.
All the best
John
I agree with the theory, but I'm wondering what the difference in sales would be. You'd have to sell 7 $7 books to make the same sales as 1 $49.99 book. I've never targeted Ebooks either so I may read into that. Do any of you guys/girls have any input?
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I think it is a good idea. People would be much more likely to click the buy button if they realize it is only 7 dollars. When you charge something like 50 for an eBook it makes it a little harder to sell.
I have never done much with eBooks but I am hoping to write my own in the near future.
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This is a very interesting concept. Most people who take the time to write an e-book or sell a product want to get their money's worth, so they push the price up and up. But what most people don't take into account is, if you lower the price and sell 3x more, you'll have a net gain which is, after all, what most people want.
I will probably be buying the $7 secrets just to get a better 'feel' for this method, that's for sure.
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I purchased the $7 secrets ebook way back when it first came out and it has been a goldmine for me. I've made thousands of dollars by creating and selling reports using the information and scripts provided in the ebook. It's definitely worth getting!
This looks like a really good deal! Thanks for sharing this information! I might pick this up!
I've been thinking about selling information by way of ebooks, and I'm wondering right now how this book might speed up the process. And you're right RT, if I could save several hours, maybe lots more, $7 is barely even on the radar…
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Interesting idea. I'm going to do some more research.
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It's a nice buy since it has the script. I'm using it to sell my first $3 ebook with no OTO(one-time-offer). I test things out.:D I put a banner on my blog and created a site for it. You can also use it to sell software if you want.
If you decide to write an ebook, consider having a related OTO.
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Sounds like a pretty good eBook, and for only $7, that is a very affordable option. I really will consider buying it, and thanks for bringing it up!
I think this is the key to making some of those affiliate sales, now that you wrote about it you may see some sales rather than at bottom of sidebar. I like the idea of $7 ebook, its all about the volume!
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$7 dollar? it is pretty cheap and sounds like it is a very nice book and worth to read. Where can I buy that book?
This is cool. I usually think those types of reports are really not interesting and not teach you something but if you could take there same concept and make it better (information and look), it could sell pretty well. But this sounds interesting.
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I am quite please with your strategies and way of marketing that book. If it is not on priority then it should be there where it is. Perhaps this is most popular way of earning money in these days. I haven't started anything with CB but I think tat is the most popular way to sell ebooks.
Selling ebooks is another good way for Internet marketing. The good part is that you can write it yourself, have someone to write it for you, or sell other people eBooks. Thanks for the information.
There was a study done that found out that the number 7 was the best number to price your product at.