Let's talk about something that keeps many digital creators up at night - pricing their products. Whether you're selling courses, templates, ebooks, or software, finding that sweet spot for pricing can feel like trying to solve a puzzle blindfolded.
But don't worry! We're about to break down not just individual product pricing, but complete funnel pricing strategies that can dramatically increase your revenue per customer.
Here's something that might surprise you: successful digital product pricing isn't just about setting a single perfect price point. It's about creating a strategic pricing ecosystem that maximizes customer lifetime value while providing incredible value at every step.
We've seen countless amazing digital products fail simply because their pricing strategy didn't match their value proposition or missed crucial funnel opportunities.
A tripwire is your low-cost entry point that converts prospects into customers. Think of it as your "foot in the door" offer. The key is pricing it low enough to minimize purchase resistance while maintaining perceived value:
For example, if your main offer is a complete course on Facebook ads, your tripwire might be a $17 template pack for high-converting ad copy. It's specific, immediately useful and naturally leads to wanting more comprehensive training.
Your main offer is where you deliver your core solution. Instead of overwhelming customers with multiple tiers, we recommend focusing on a single, strong offer with two payment options:
Why offer payment plans? Because they typically increase your overall conversion rate by 20-30%! The slight premium on payment plans (usually 15-20% more than the pay-in-full price) compensates for the increased processing fees and risk while still making your offer accessible to more customers.
The magic happens when customers can choose their preferred payment option. Those who can afford to pay in full save money, while those who need flexibility can still access your solution. This approach not only helps overcome price objections but also tends to reduce refund rates since customers have "skin in the game" with their initial payment.
Order bumps are one-click additions at checkout that complement the customer's purchase. Price these at 25-50% of your offer's price point. For example:
Popular order bump examples include:
Sometimes, positioning your product at a premium price point can actually increase sales. Why? Because higher prices often signal higher quality. We've seen digital products priced at $997 outperform similar products at $97 simply because the pricing communicated exceptional value and attracted more serious buyers.
Consider offering a subscription component as an order bump or upsell. This provides predictable recurring revenue while often feeling more affordable to customers. For example:
Your pricing strategy should be built on a foundation of clear value communication throughout the funnel:
The difference between a good digital product and a great one often comes down to presentation and positioning. This is where having a professional-looking funnel becomes crucial. Your pricing strategy needs to be supported by a polished, conversion-optimized sales process that builds trust and demonstrates value at every step.
Our Sales Funnel and Tripwire Funnel templates are your complete toolkit for selling digital products at every price point. Each template includes high-converting sales pages, strategic checkout pages, order bump layouts and video tutorials to guide your setup.
Successful pricing isn't just about picking the right number - it's about creating a complete funnel strategy that positions your product for success at every stage. With the right tools and approach, you can create a pricing strategy that attracts your ideal customers and maximizes your revenue potential.
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