A firesale, or a speed sale, depending on what you want to call it, is a sale where you offer a limited quantity, reduced price, a dimesale, or a combination of these types of sales for a limited time. The advantage of this type of sale is that it offers you an opportunity to make some quick cash for your business and increase your cash flow.
Although this is an effective way to make a lot of money quickly, it is not an easy way to make money if you are new to internet marketing. The reason is that you will need a list or joint venture partners. If you want to earn the maximum amount of cash, both.
For those of you who need quick cash now, then this is definitely a solution you want to consider. Even if you don’t have any joint venture partners, you can find some.
Your first step is to create your offer. Your offer includes two parts: what you will offer your joint venture partners, and the offer you will make to your potential customers.
Start with the offer you will create for potential customers. This also includes any upsells or downsells you want to offer. Including upsells and downsells can help you increase the amount of sales and the amount of money you make.
Next, create the offer for your partners. Write an email you will send to them. Although you can create a generic offer, it’s a good idea to personalize the offer when you send it to your potential partners.
Some things to include: How do you plan to pay your partners? How much of a percentage will you offer them? The larger the percentage of commission you offer, the better.
Also, what other benefits will you offer? Do you have some type of premiums available like cash prizes? Remember, in order to make this work you need to make it as profitable for your joint venture partners as possible. Having a prior relationship with your partners will also help you set this up much faster as they’re more likely to say yes to your offer.
I would advise that you choose five to 10 partners. Get the promotional materials to them as quickly as possible and handle any problems that need to be taken care of because you don’t want to have problems on launch day.
Test your sales funnel to make sure everything is working. You don’t want to get to launch day and have a problem. This can lead to loss of sales or refunds. Make it as easy as possible for customers to get their products.
Firesales aren’t the only way to make a lot of money for free, but they are one of the fastest ways. Consider it if you need immediate cash flow for your business.