A money-back guarantee is essential to any web or direct marketing offer. It takes care of an enormous concern on the part of the buyer: I can’t see this product before I order… so, what if I get it and I don’t like it?
That’s the simple and unequivocal answer to a question you may be asked by your clients: “Do I need a guarantee?” Yes, of course you do. The next question is how generous is your guarantee, and how scrupulous will you be in honoring it?
One of my early bosses was a master of deception… I don’t think he would mind me referring to him as such because it was a point of pride to him that he could persuade people to buy products at much more than their true value. He tried to show me how to insert wiggle room in the guarantee so it would never need to be honored. But even as a naïve young marketer I knew this was not a good idea.
The people who intend to take advantage of you will find a way to do so. They’ll claim the product was damaged or simply never arrived. They’ll protest their credit card bill. Defending yourself against them is futile and by trying to do so with a miserly or weasel-worded guarantee you’ll cause yourself far more damage among the majority of honest customers who will now be less confident about ordering from you.
At one point in my career, I wrote a lot of promos for investment newsletters. The standard guarantee was “a prompt prorata refund of your subscription cost for all unmailed issues”. What hokum. The cost of the physical issues was negligible and the real product was intellectual property; if the reader no longer values that product why force them to pay for it?
We were able to change the standard wording to something like, “100% refund of your entire subscription price even if you cancel on the very last issue” and guess what? Refunds did not go through the roof because most subscribers do not make a mental note that okay, I can game the publisher a year from now and get my money back. Rather they make a decision about whether or not the product is for them based on their first experiences with it. A generous guarantee simply removes the roadblocks in this decision process.
My favorite guarantee is still Lands Ends’ “Guaranteed. Period.” It’s gutsy that the uncompromising language has been maintained since Lands End was acquired by Sears, but when you think about it this guarantee simply puts in writing what most retailers would offer their customers. If you don’t like it and you take the trouble to bring it back to the store, we are going to give your money back regardless of whether we think it’s justified because we don’t want an angry customer roaming the corridors.
So, copywriters, always include a guarantee—and tell the art director to put it on a fancy safety-paper background to make it look valuable. Maybe your client will protest that “we don’t actually have a return policy” to which your answer is “you should, and you do now.”
Excerpted from my new book, Copywriting that Gets RESULTS! Get your copy here.