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5% of 200 people would be 10 orders. 10 orders at $7 is $70. But you’re not done there. A large majority of the people that order the tripwire are going to upgrade during the order process. Let’s just say only 1 in 5 of the people that ordered the tripwire actually order the product (which is below average for a tripwire up-sell), then you’ll clinch two added sales at $200 per piece.
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Digital strategist Dr Dave Chaffey is co-founder and Content Director of Smart Insights. Dave is editor of the 100+ templates, ebooks and courses in the digital marketing resource library created by our team of 25+ Digital Marketing experts. Our resources are used by our Premium members in more than 100 countries to Plan, Manage and Optimize their digital marketing. Free members can access our sample templates here. Please connect on LinkedIn to receive updates or ask me a question. For my full profile and other social networks, see the Dave Chaffey profile page on Smart Insights. Dave is a keynote speaker, trainer and consultant who is author of 5 bestselling books on digital marketing including Digital Marketing Excellence and Digital Marketing: Strategy, Implementation and Practice. In 2004 he was recognised by the Chartered Institute of Marketing as one of 50 marketing ‘gurus’ worldwide who have helped shape the future of marketing.
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By Charmaine Belonio, Contributor Yes, it can seem confusing at first, but think about a regular business for a moment. If a business opens a store, then simply forgets to update things like its prices or product descriptions or anything else related to its core business, it wouldn’t be so reliable would it? If it changed its hours and forgot to tell customers, people arriving at specific times might get upset.
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Affiliate marketing is the art of marketing products, services or information for others. It doesn't require that you ever house or warehouse a single thing. But it does require that you have an audience to market those things to online. Without that audience, whether it's through search engines like Google or social media channels like Facebook, you'll find a difficult time with affiliate marketing.
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Most small businesses probably don't need to develop their own app—or even have anything beyond a basic mobile website. But in certain high-value, highly visual industries like interior design, home construction, or finance, developing your own app might make sense as a customer recruitment tool. AppStack is one of several companies that seeks to make app creation for small businesses affordable.
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