Sell More Online Courses With A Money-Back Guarantee Video Lecture | Online Course Creation: Build your Course from Scratch - Professional Skills

today on teach online TV we're going to
talk money back guarantees should you do
one and why would you do a money back
guarantee who wants to give someone's
money back if they've already paid you
well probably not a great way of looking
at it if you're worried about giving
money back I actually find that money
back guarantees work exceptionally well
and people very rarely actually cash in
on them especially if you're providing
some real value to them so one of the
reasons to do a money back guarantee is
it actually removes the risk when
someone is considering purchasing your
product so you're actually going to see
your conversion rates go up considerably
because people are considering buying
that product the biggest risk they have
is they're putting that money out the
door and they don't get what they expect
back for it so when you put that money
back guarantee out there on your course
or on your product you're taking that
risk you're taking that consideration
away and it makes it that much easier
for them to purchase your product plus
as I said very few people actually
exercised money-back guarantees and if
they do it's often very much upset by
the additional conversions that you get
by offering a money-back guarantee so
it's definitely something you can try
out if it doesn't work out for you you
can always turn it off but definitely
something that I would recommend trying
out now a few specifics around doing
this some people do a no questions asked
money back guarantee that works quite
well another one you can't have a little
bit of fine print I've seen where you
want to make sure that people have
actually completed the course or done
the homework assignments or gone through
the exercises before they can get that
money back guarantee another really
interesting one that I've seen that I
love is ramin steady who does a hundred
and ten percent money-back guarantee
nowra meets course is about making sure
that you're going to earn some
additional income build a new business
and if you don't succeed in his promises
then he actually gives you a hundred and
ten percent back guarantee which i think
is very interesting a really unique way
about going about it but I'm sure it
helps drive his conversion rates up and
completely removes that perception of
risk of people who are coming in making
an investment
in order to get a return so i definitely
recommend you trying out doing the money
back guarantee see what kind of an
effect it has on your conversion rates
but try it out you have nothing to lose
other than a couple of refunds and then
you can always turn it off if it doesn't
work for you but everything that I've
seen in people trying the money back
guarantees is that it works
exceptionally well and your customers
appreciate it because it removes that
concern about actually paying for your
product and when they start to see value
out of it they feel even more
comfortable with you as someone that
they want to work with and Trust hey
guys thanks for watching I hope you
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