n3sky
PARKED
Hey All - First post. Hoping for a little guidance and input on the numbers.
I've been considering putting together a product free trial offer that converts to a monthly subscription (re-bill) after 30 days. I've got the numbers worked out to where they make sense (to me) and what I believe is a good product in a very large niche.
Calls are "Voice Broadcasts" so only prospects that are interested (Press 1) are transferred to a sales rep. Customers will only be asked to pay the shipping and handling rate.
My questions are:
I've assumed, what I think is conservatively, that 50% of customers who sign up for the free trial will cancel before they're billed and that only 50% of the people that indicate interest in the offer by pressing 1 will actually sign up.
Attached is the Excel sheet that breaks down the numbers.
Looking forward to any response!
View attachment Free Trial Calculator.xls
I've been considering putting together a product free trial offer that converts to a monthly subscription (re-bill) after 30 days. I've got the numbers worked out to where they make sense (to me) and what I believe is a good product in a very large niche.
Calls are "Voice Broadcasts" so only prospects that are interested (Press 1) are transferred to a sales rep. Customers will only be asked to pay the shipping and handling rate.
My questions are:
- What are typical, conservative conversion rates for telemarketers with free trial offers?
- What is a decent hourly wage for a telemarketer? What's a decent commission per sale?
- What are typical, conservative cancellation rates for free trial offers where a physical product is involved BEFORE the first bill?
- Anyone have experience with Voice Broadcasting companies? Which is best?
I've assumed, what I think is conservatively, that 50% of customers who sign up for the free trial will cancel before they're billed and that only 50% of the people that indicate interest in the offer by pressing 1 will actually sign up.
Attached is the Excel sheet that breaks down the numbers.
Looking forward to any response!
View attachment Free Trial Calculator.xls
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
