The Problem with Money Back Guarantees

I just now realized the problem with Money-Back Guarantees.  You can in fact, get your money back, but we forget that we also spend time with each offering.  If you're buying a product once or twice a year and it isn't working out, that's okay.  But many people tell me that they're buying products more like once a month, even once a week, so let's think about this.

You buy an ebook on making $500 in 5 days.  You read the ebook (1 - 2) hours.  It suggests you find an affiliate product to promote with commissions over $30.  (Time spent 1 - 2 hours).  To properly promote you have to know something about the product and the market (time spent 5 hours).  Now you write articles (for me -- 16 hours, for others maybe 2 - 3 hours).  Submit articles (1 hour).  Check on results (.25 - 2 hours depending on how frantically you keep looking for results).  Decide that this didn't work for you and ask for your money back (.25 hours).  Let's look at what happened.

Reading ebook	1 - 2 hours
Choosing procuct	1 - 2 hours
Learn about product and niche	1 - 5 hours
Write articles	2 - 16 hours
Submit articles	1 hour
Check results repeatedly	.5 hour
Evaluate and request refund	.25 hour
Total Time Spent	8 - 24 hours

So at the end of having tried this ebook, if it doesn't work for you, you can request a refund and LOSE NOTHING, right?

But what about the 8 hours or more that you spent? A full work-day. Maybe two or three full work-days. Now sure sometimes this is going to happen. You try something. It doesn't work. You learn a bit from it and figure you have to fail sometimes or else you aren't trying hard enough.

You have to risk or invest your time in some dead ends to ultimately find the path to success, right?

Yes, I agree. Just don't make the mistake of reading the sales letter

Buy It.... before the price goes up.

Try It, Risk Free for 60 Days

and make the mistake of thinking that there really is no risk.  The question is, if you don't try this product, what else might you invest that time in?

Comments

[Make Free Ebook Covers]

The one way that I disagree with you is that you can learn something from having tried the system and failing, if it is only that such-and-such a method doesn't work for you. I guess you should look at what else would you be doing with your time? Like, if you have another way of making money, and you bought some new system that said it would make you a millionaire overnight and you got nothing out of it -- then you lost out. But if you are still searching to make money online and haven't found the answer yet, then trying one system out of another and getting your money back if they don't work, well it's not all bad.

[Make Free Ebook Covers]

P.S. (to my earlier post) Sorry, more thoughts -- I guess I think that usually even if you don't make money, you do learn SOMETHING. Like I bought and asked for my mooney back on Affiliate X, or Project Affiliate X, whatever it was called, but I did learn something about how to make affiliate sales. It didn't work enough for me to pay the Adwords bill, but.... I did learn enough that my blogs or Squidoo lenses are more effective at pre-selling customers.

[Ethan Christ]

I would have to say that I agree with you. Nothing in this world is as it seems. This world doesn't care about your problems, or your success. All this world cares about is your money. Scam websites are a prime example. You read all of the hype, sometimes it makes you want to read more, so you pay $37 for an e-book, and you read it, and you find out, there's actually no useful information and you just wasted your money. And sometimes, getting your money back is more trouble than just letting $37 go down the drain.

Thanks for the comments on my site. I really appreciate it. I don't get a lot of comments. Thanks