When you’re selling a product or service online, one of the biggest challenges is turning a prospect who’s currently on the fence into a buyer.
New customers will naturally want to look for a reason not to buy your product. They don’t know who you are and whether your product will help them and will look for reasons to avoid purchasing.
A guarantee alleviates all the worries, fears and doubts a potential customer might have about your products and services by providing a ‘risk-free’ offer.
If they’re not at all satisfied with the product or service, then they should be able to either get a refund, return the product or even ‘keep the product’!
Sounds crazy I know, and I know what you’re thinking, “Wouldn’t this just allow people to scam you and lose you money?”
And you’re absolutely right. While this can happen, the level of trust and authenticity you can potentially build with your customers will ironically reduce the number of refunds you receive.
So it’s essential to have this in place and has become common practice by all businesses.
8 replies to "How To Use A Product Guarantee To Increase Sales"
Thank you for this excellent contribution, I was able to learn a lot from it.
It would be nice if these badgets were also available in German soon.
In any case, Optimizepress is one of my absolute favorite tools for me personally in terms of price, performance and user-friendliness, and I’ve been using it for about twelve years now.
Greetings from northern Germany
Matthias (o:
Thank you Matthias. Appreciate the support 🙂
Excellent article with examples. Thank you for putting this together. In a world of internet scams, a guarantee can help. But a question a potential customer still has is – “how do I know this online course creator I’m hearing off for the first time will honor his/her guarantee?”
This is especially true of marketing funnels built on buying traffic from social media where the merchant/seller/content creator is unknown to the prospect.
Thank you Vikram. You’re absolutely right. Buying traffic to get new customers can be a challenge when they see your brand for the very first time. That is why building a strong relationship with your existing customers is key as they can provide testimonials that you can include on your sales pages, which is essential for building trust in the long term. The more risk you can remove for your customers, the better. Thank you for the support.
Hello Onder & OptimizePress team.
Thanks for putting together this great article.
I’ve implemented several of the strategies mentioned in this article on my website, and it works great! For example, I include a customer support email in guarantee.
Additionally, I use a variation of the “Results-Based Guarantee” called a Risk-Reversal Guarantee.
A risk-reversal guarantee transfers the risk of the transaction from the customer (buyer) to the company (seller).
For example on my TitaniumPhysique website, we offer customers a 110% Money Back Guarantee. If the customer is not satisfied or our product does not deliver results, we’ll refund 110% the purchase price.
If a company knows their product works, this guarantee can help them stand out from the crowd. We get virtually no refund request for our products, and the guarantee removes all risk for our customers.
I have an example of the risk-reversal guarantee at http://www.titaniumphysique.com. Please feel free to link to it, if you think it would be useful for readers. Thank you.
Thank you Nurudeen. Congratulations on successfully applying this to your business. We’re happy that it’s working for you. Best of luck!
Beautiful inspiration. I was talking a little while ago with other professionals about the importance of the “guarantee”. This post gave me an extra boost. And I have already decided to adjust my service pages.
Thank you Jacopo. Appreciate the support and feedback.