5 Internet Marketing Mindsets Required for Online Business Success - Acknowledge that people...
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4. Acknowledge that people will pay more for convenience and instant delivery online. Many times, as I'm trying to help a client determine the price for a product, they' object to the price I suggest because they compare it to a physical product that can be purchased in the local bookstore or online bookstore for less. The "buy it now and give it to me instantly" mentality that is prevalent among online shoppers dictates that you can charge a higher price for an electronic product than a physical product because the shopper can fulfill his/her need for instant gratification and receive the electronic product in mere seconds. Wouldn't you rather do that instead of having to get in the car to make a trip across town to buy the product or waiting a few days for the delivery of a physical product from an online store?
And, people will pay for convenience. I recently spoke with a client about selling her content that was ready available in various locations all over the Internet. She was concerned that no one would pay for the product since it was currently available online at no cost if someone were to look hard enough. I told her that many of her customers didn't know it was available online, and even if they did, they would have to invest a great deal of their free time to gather all the info in one place. Few of us have that luxury of time today. For most of us, if it's easy and convenient and will save us some time, we'll buy it.
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