Firesales Uncovered

What Is A Fire Sale?
Business owners both online and off have long understood the value of holding a fire sale. It’s a highly effective way to accomplish a number of business goals. The least of which is raising a lot of money quickly.
You’ve no doubt seen these fire sales. Car dealers advertising, “Everything must go.” The online e-tailer who is clearing out their product catalog and practically giving everything away.
A Fire sale is defined as “an emergency clearance sale at greatly reduced prices. Originally,
a sale of product that had been damaged by fire or that could no longer be stored because the storage facility had been destroyed by fire necessitating immediate sale or loss of value.”
However, as you well know, most fire sales have nothing to do with fires. It’s an old phrase that was carried along and re-applied to a way of doing business.
Now it might be more clearly defined as a sale of assets at extremely low prices.
One common and effective model for a fire sale works like this:
You start out selling a product at a very low price, and then every few days, the price goes up. This usually lasts for 7-days, and then the offer is pulled off the table forever.
In other fire sale it involves selling a valuable package of items for such a tremendous bargain that people rush to your site to buy. If the package is really a bargain, it becomes irresistible,
and your conversion rate skyrockets as do your profits. In this model you may notice the term “Package of items.”
If you’re turning away because you don’t have a number of items in your product catalog or you don’t have that many you want to discount significantly, know that many fire sales are held with other people’s products.
We’re talking about joint venture partnerships, resell products and PLR.

 

Firesales Uncovered
Firesales Uncovered

Comments are closed.

NEW PACKAGES
Entrepreneur Basics
Entrepreneur Basics
1 MB 30 downloads
Empowered True Wealth
Empowered True Wealth
2 MB 30 downloads
Email Signature Methodology
Email Signature Methodology
13 MB 30 downloads
Email Nuts and Bolts
Email Nuts and Bolts
2 MB 30 downloads
TOP DOWNLOADS
Social Media Authority
Social Media Authority
441 MB 40 downloads
Set Up Twitter-Like Micro Blog
Set Up Twitter-Like Micro Blog
189 MB 38 downloads
Skills to Bills
Skills to Bills
183 MB 38 downloads