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The $100 MBA Show

MBA538 Free Trials vs. Money Back Guarantees Plus Free Ride Friday!

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 19 February 2016

⏱️ 14 minutes

🧾️ Download transcript

Summary

What's the difference in revenue when you do free trials for your products or services versus doing money-back guarantees? Which one makes you the most money and which one has you keeping the most money when it's all said and done and you've accounted for refunds? Should you allow a test drive with your product or service before the purchase or should you charge first and provide a refund in a certain amount of time if customers decide to not continue with your product/service? Let's see the difference, advantages and disadvantages in today's lesson! Press play!

Transcript

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0:00.0

Hey there wonderful listeners today is free ride Friday so make sure you hang on to the

0:04.3

end of the episode so you can see who won this week's free ride free lifetime membership

0:10.0

to the $100 MBA training and, that's over 180 video lessons, interviews with experts,

0:16.5

workbooks, a great community, and a whole lot more.

0:19.4

And every Friday we give away a free lifetime membership. We do a weekly random draw with everybody who's

0:24.6

left us on iTunes rating and review. So if you haven't left us a review yet on iTunes, make

0:29.3

sure you do. Show us some love. Let us know what you think of the show, and you enter our weekly draw to win a free ride.

0:35.1

Can't wait to announce this week's free ride Friday winner,

0:37.7

so let's jump into today's episode. Hello, welcome to the $100 R. M. A show, business podcast, where the next challenge can be solved, maybe in this next

0:56.4

episode. And in every episode with our daily 10 minute business lessons for the real world,

1:01.8

as always I'm your host, your coach, your teacher Omar is in home.

1:05.0

I'm also the co-founder of the $100 MBA, a complete business training and community online.

1:11.0

And in today's episode you will learn what's the difference what are the

1:14.4

advantages disadvantages what works best when it comes to free trials

1:18.5

versus a money-back guarantees they might thinking, what's the difference?

1:24.0

Well, there's a lot of difference.

1:25.8

But mostly what we're going to be looking at is what's the difference in revenue?

1:30.1

Which one makes you the most money and which one has you keeping the most money when it's all said and done and

1:35.7

you accounted for all refunds. I'm going to be referencing in today's episode a

1:39.7

great article by Neil Patel over at quickprought.com and you can check out that article in

1:46.2

today's show notes. You can click on the cover art if you're on your iPhone

1:49.7

to see the show notes or you can go to 100 MBA 538. So is it better to give people free access to

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