At least for newbies I think so.
After hearing so much about the Warrior Forum’s WSO as a easy place to start, and starting to focus on putting some info products together I decided to test things out, and bascially what might have worked a few months ago may not today, if you want the full scoop read on.
If you are here, I assume that you are already familar with the Warrior forum and contemplating putting your WSO up. It’s certainly seductive if you have a product in the IM space, as it’s much less overhead to get an offer up than other online than say google or facebook.
Wanting my first WSO to be a success, the first thing I did was study the guides out there. The guide are pretty clear that timing is critical on the Forum to get the best amount of traffic without being bumped off by competing projects. The guide recommended the top 2 times to be Thu@noon, followed by Sat@7am
Try 1: Thu@ noon
The guides say the acceptance of these WSO offers can sometimes be finicky, as well the Warrior Forum has some strict requirements (special hoops) in creating the landing pages if you want to use video or formatting.
So before commiting the time for creating the whole product without any evidence that it would be accepted, I jumped through the hoops, and created a sales page and sales video and submitted the WSO thread for review.
Within 12 hours I was pleased to see the thread was approved, I clicked over to the paypal saw the price was $20, I figured pretty easy at a $7 product to at least break even.
Before I could put it up for sale I had to finish the course, and get a separate business paypal hooked up a new business account, plus some product delivery scripts. This should have taken a week, but then basically all hell broke loose in my businesses, and the WSO project had to be put on a backburner for 30 days.
Staying up all night to finish the course and a real sales video, I went to pay for the thread and found that ….the approved thread was gone..apparently it expired and was deleted. Quite the bummer.
Anyway I resubmittted the thread for approval and waited again, and in 10 hours it was approved for the 2nd time. But at that point it was in the deadzone.
Try 2: Thu@noon.
Another 1 weeks clicked by, I had gotten some feedback on the course to make it better and this time with everything ready, I hit the WSO payment link and found that the WSO price was now $40 not $20. Hmm that’s going to make it harder to make money on a $7 product needing 6 sales. Anyway I was commited to seeing it through, paid the $40, saw the thread on the WSO forum, and waited anxiously to see what happened.
Over the next 8 hours I got 5 sales which at $6.50 = $32.50, had the WSO run $20 that would have been a profit of 12. if you didn’t consider product costs and hosting + paypal $60/mo. but the WSO now cost $40, so it was a loss of $7. The competition was fierce, within less than 6-8 hours it was on page3 and all sales stopped.
However that wasn’t such a horrible thing, despite intial testing I found that 3 people that were getting paypal errors, that I had to follow up with each on to get the download. Had I had dozens of sales let alone 100 it could have caused quite a headache.
I did get 2 new non-sale optins and some backlink love so that counts for something.
Try 3: Sat@6am
This was the 2nd most recommended time. 2 weeks later I tried it, this time “bumping” the thread which also ran $40.
I updated sales pitch to be much shorter and using a video sales letter rather than the module1 from the course.
I got 1 sale, and within 12 hours I have been bumped off the front page. So a loss of $34 for this go, and loss of $41 total (not including all the other costs).
I don’t know if the sales video is to blame or just the quality of the traffic.
Lots of things didn’t go to plan.
I have no doubt that people make money off WSO, and if a person has a good connection to the Warrior Forum (a variation on having a list) with some JV’s it’s still possible to make 2-10K money.
I didn’t promote to my list as I was curious how well Warrior Forum is as a fresh traffic source, as I’ve heard “so much about it” and wanted to get an objective view of it. Let’s look at it from a traffic source perspective:
I spent $80 on traffic, per Warrior Forum 609 views of the page (not sure how many unique) making it about .13 an impression. In the range of cold traffic.Looking at other competing offers I saw similar view metrics, so I don’t think that it’s purely my product.
5 sales totally = ~.9% conversion rate, also on the low end of cold traffic. I think I could have done better with cold traffic actually with less competition from the rest of the site.
From the friends +family reviews I have the product is good, but the feedback is what I have is probably not the right fit for the WSO, I had expected more interest and to feed that into testimonials and review copies. Instead I got mostly silence, not even that many questions.
Per youtube about 65 views of the sales video, so only 10% of the people hitting the page are interested enough to watch. I’ve seen much higher numbers from direct traffic. Looking at competing pages I saw often comparible or worse sales letters so again I don’t think its’ that.
But it doesn’t scale well, about 5 views for every active hour, even bumping every day, I don’t think it’s enough traffic enough to really count on.
Which unfortunately makes WSO about the same or worse as other cold traffic sources. Not that it’s supposed to be a primary income stream.
Basically I think like much of the training in the IM world, that what worked..maybe even as little as 3 months ago, no longer does at least to the same rules, and this isn’t good for breaking in.
A couple small changes can make the difference from profit to non-profit, and that’s the case here.
Raisign the price from $20 to $40 makes the number of sales needed from 3-4 to 6 to break even.
The guides I read suggested that posting would get you a couple days of visibility, I only saw a 6-14 hours. ..significant difference, and you are optimizing for hitting a 1/4 to 1/2 a day rather than several days.
Given even with the price hike I didn’t get much time on the first 2 pages, I can only imagine how short a time would have been before the price hike…the second in the last couple years. Maybe it’s just gotten super competitive for new WSO and rebumps?
Had I had 2 days of visibility and cost of only $20 it would have been profitable.
One option is charging more, if I had charged $17 with the same number of sales I would have made “made” $5, but the tradition is most things are $7 on the WSO forum, if you are starting out with no testimonials or feedback, I guess you have to start out giving things 100% for free, and plan on doing many bumps or rereleases…a long haul, given there’s not much steady traffic there.
Anyway, as much as I would have loved to make a profit, this was primarily a guinea pig getting me familiar to the process of creating content (as needed for some training on services I’m releasing) and making sure some things like the cart work.
From the friends +family reviews I have the product is good, but what I have is probably not the right fit for the WSO, I had expected more interest and to feed that into testimonials and review copies. Instead I got mostly silence.
Next I will be trying with some utilities/tools and see how that fares. My theory is that tools require less social proof than courses as tools can be demoed with less effort.