Increase Pricing to Increase Sales

Is Internet Marketing becoming more Expensive?

Over the years, several internet marketers have increased the price of their products several times including their membership fees. Some has even doubled their prices! This may add barriers to entry for newcomers to the internet marketing arena. New internet marketers have to invest more to start their internet marketing business compared to those that started earlier.

For example:

• Turbo Membership was only $67, now $97 and there is an announcement that it will increase to $147 in December 2008!
• Niches In A Box was $97, now with additional Elite Membership at $147
• PLR Pro was $127, now upgraded to Project Green Button @ $147 which will increase in stages to $167 and $197

The three products above are monthly membership sites that provide members with new products monthly. Some even include features like hosting and email autoresponder. Their prices have increased over the years and are set to increase again soon.

Internet Marketing Pricing Strategies

This is actually an internet marketing strategy being used by many seasoned internet marketers where they have learned to increase their sales by adding value to their products and memberships and increasing their prices at the same time.

This kind of strategy actually works if one can continually improve on their products and add value to their services. It will also increase loyalty of early members as these members find more valuable reasons to keep their membership. This is because, early members can continue to enjoy improved features at the same price when they first joined the membership which new members have to pay more at the new higher rate.

With such practice, early members will not even skip any months’ payment for fear of losing their membership at the lower price. If their memberships are being canceled, they will have to rejoin at the new higher pricing.

This is a good strategy to learn from, however, one must be sure to be able to deliver or “over” deliver by adding more products, features and ultimately more value on a continuing basis. As such, new members will then be willing to pay the higher price for what he/she will be receiving in return. If this is not achieved, the products and services of the internet marketer will risk becoming too costly to new customers.

So the question internet marketer need to ask is “Can I create enough value to command a higher price?”

The three memberships mentioned above have certainly achieved that successfully and from observation, the new standard price seems to be around $147…

Find out more about these memberships, such as PLRpro how they package their products and services to command a higher price and more on Internet Marketing Advice

Download more Free tools, softwares and Ebook on Internet Marketing at Internet Marketing Solution website www.BOBmarketing.com