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ryanpal
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i've been listening to "the four hour work week" audiobook (very impressed so far) and i came across the "lose win scenario". i'm trying to think of some "lose win" offerings that you can make for a service which you provide that has no tangible product.
anyone have any solutions for this type of situation?
 
 
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As I recall, the concept is, "If you aren't satisfied with, we'll refund the cost of your purchase PLUS [$/%] more." With a service, it wouldn't really be much different. You could include some fine print, though, that gives you some discretion. I.e. "In order to qualify for guarantee refund, subscriber must have logged onto site X times over the course of Y, and attempted at least Z queries of data" or such. Seems a little trivial. But it might keep someone from using you as a savings account with a guaranteed 50% ROI!

Or - make it harder by requiring a full 30 day trial period, with a request for feedback as to why they are canceling their subscription, and the caveat that the maximum refund is for 1 1/2 or 2x of ONE monthly charge or such.

Or - just give them the first month for free. That doesn't fit the definition of a lose/win. But it would be easier.
 
 
ryanpal
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hi jill...how's it going? hopefully well. it seems you're pretty busy on the board which is great.

as far as your input that's some good insite. i actually have a "free trial" at the moment. the interesting thing is the four hour work week suggests free trials are not too effective, hence the reason for the post.
 
 
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Just offer some bonuses and allow them to keep the bonuses even if they cancel your service.

A fun one that I just thought of was "we're so confident that you'll like our service, that if you don't, we'll pay for a month free at one of our competitors!"

 
 
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good idea Jon. That is what I would call, "Putting your money where your mouth is!" haha
 
 
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