The internet is not the only place that refunds is an issue
to a retailer. From the perspective of
the internet merchant, customer satisfaction is of the highest priority. Because competition for customer loyalty is
fierce, you know that keeping repeat customers coming back is the fastest and best
way to long term financial success in sales.
So offering an iron clan refund guarantee if the customer is not
satisfied sends a message to the consumer that their happiness is top priority
to you and that they can shop with you in confidence.
As customers, we like to know that there is a return or
refund policy in place. We come to
expect that when we get home with a product that it will be to our satisfaction
of the store will stand behind the product and give us a refund no questions
asked. Sadly even outside the internet,
refund fraud happens all the time.
People bring back stolen merchandise for refund to exchange what they
took for money. There are so many scams
like this that one solution the non-internet retail world has turned to is
store credits so the money never leaves the store.
Within the world of Clickbank marketing, we are faced with a
similar dilemma. Except because our
products are digital, the problem is compounded significantly. Clickbank offers an iron clad refund guarantee. But unlike more wary merchants, there is no
"store credit" to protect store funds. And because both Clickbank merchants and
affiliates must abide by the policies of the marketplace, if Clickbank gives a
refund, so do you.
The problem is there really is no such thing as a
"return" when it comes to a digital product. Because you download the product to the
customer, once they have a digital copy, they have it and there is no way to
make sure they are not keeping it. And
that little quirk of digital sales means that the Clickbank policy is pretty
much open season for internet thieves and shoplifters if they chose to buy and download
products, cash in on the policy and just keep getting their money back.
While Clickbank is working to solve this problem, we need to
know what we can do until it is solved to cut down on Clickbank refunds taking
profits out of our accounts which we very much deserve to keep. The first line of defense, of course, is legitimate
refunds because of customer dissatisfaction.
Put extra work and effort into putting onto Clickbank only products of
the highest quality so there is little room for complaint. That is part of it. But the other part is making sure customer perception
of the product is accurate.
On the internet, overselling a product is almost a way of
life. We all seem to turn into infomercial
merchants and we sometimes give the impression our product might be something
it isn't. So go back to your web site
and specifically your sales language.
It's ok to use good marketing language on those pages. But be sure you are telling the customer the
truth so there is no reason for them to have a case to say that you sold them
something that was not up to what was claimed.
Have others read your marketing copy and get to know the product so they
can confirm that what is being sold is what the customer gets.
By building strong customer relationships and building a
community of repeat customers, you are more secure not to have to give refunds
constantly. It's an old adage of
business but the best defense against lost business is satisfying the
customer. Other than that we can only
trust that Clickbank will eventually solve the problem and just keep on selling
and doing the best we can. http://Bankofebook.com