Bookshelf · $100M Money Models
$100M Money Models by Alex Hormozi, framework 10 of 17
Payment Plan Downsell
Close people who say it costs too much by changing when they pay.
Alex Hormozi's framework, from $100M Money Models, pp. 111 to 142.
- Reward paying in full
Present the price with the interest included, then discount for prepaying.
- Offer outside finance
Third party financing, credit card or layaway.
- Half now, half later
Schedule the second payment on their payday.
- Check they still want it
Ask for a 1 to 10 score and look for 8 or above.
- Split into three
A third now and a third on the next two paychecks or months.
- Spread evenly
Equal payments over the length of the service.
- Offer a free trial
Take a card in exchange for starting free.
From chapter: Section IV: Downsell Offers, pp. 111–142
More from this book
All 17 frameworks-
Framework 11 · Offers and pricing Trial With Penalty Let people start free if they commit to the actions that create results.
-
Framework 12 · Offers and pricing Feature Downsell Lower the price by changing what they get.
-
Framework 13 · Lead generation Continuity Bonus Offer Start people on continuity by giving a bonus worth more than the first payment.
-
Framework 14 · Exits Continuity Discount Offer Trade free time for a commitment.
-
Framework 15 · Offers and pricing Waived Fee Offer Make month to month expensive and commitment cheap.
-
Framework 16 · Offers and pricing Make Your Own Money Model Build a deliberate sequence of offers, one stage at a time.