Copywriting: The Final Frontier in Using the "Written Word"
to Speak To Your Potential Customer
Writing Your Guarantee Statement
Part 4 of 5
by Kevin Hogan
Almost no one knows that when people purchase a product
that does NOT come with a guarantee, they tend to be more
satisfied with their purchase, and, repurchase again from
you.
That presents a bit of a challenge that you'll need to test
with your clients and customers.
Do you include a guarantee, or not?
My suggestion is that as a rule, you DO until you personally
establish enough credibility with your readers that you
can eliminate the guarantee.
Once you have established credibility, you are cementing
long-term relationships and then you don't have to guarantee
anything.
You ultimately want to get to the point where your word as
your bond is better than your guarantee.
Today, that point hasn't been reached, so you go with the
guarantee.
The Value of a Guarantee in Copywriting
Copywriters know the value of a guarantee. Guarantees are a
major part of copywriting and selling. A guarantee helps to
shift the risk from the buyer to the seller, which in the end
makes a buyer feel more confident about their purchase.
When people buy stuff online, they are taking a risk.
They are risking that they may not receive the product due
to an unscrupulous seller. They risk that the product will turn
out not to be what they expected.
They also risk that they will simply not be happy with the
product because it does not live up to the promises of the
seller. All of this risk makes online shoppers hesitant,
especially when thinking about buying an unfamiliar or new
product.
And all of these beliefs are reasonable on the part of the
buyer.
A guarantee is basically a promise that if the buyer is not
satisfied with their purchase, then they have the option of
returning the product for a refund.
The guarantee is usually limited by a time period in which the
buyer can evaluate the product before returning it. This is
usually around 90 days.
Many people are familiar with the idea of returning a product.
However, making a return is usually full of hassle. Everyone has
had a time when they tried to return something and were unable
to do so because of some restriction or rule. This is upsetting
and reflects badly on the seller. That said, online, if someone
returns a product I wonder if they are likely to do business
with you again. The fact is I don't know. In the case of large
merchants like amazon, there is no problem, but in the case of
smaller merchants...I don't know.
Ten years ago, when I started creating programs and writing books,
we averaged about 1-3% returns. We were factually able to attribute
a chunk of that to pirating and bootlegging of my work.
I learned quickly to appreciate musical artists who had their
work stolen on the web. I still feel the same empathy.
I will personally put a guarantee on a program that is unusual
or difficult to explain it's value in text.
Rarely do we get a return on any program now. A look at last
year's receipts showed about a 0.6% level of return. Most of those
were returns on programs that were not returnable. Most of those
were from customers we then extracted from being able to purchase
again as they simply copied the material.
You'll need to determine your own controls and how much time you
spend in monitoring your products. In the future, I'll show you
how you can reduce people bootlegging your work, but for now,
we'll get back to assuming you MUST use a guarantee to reduce
client's perceived "risk."