June 16Jun 16 #338 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/ Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... I am finalizing my course terms and debating the refund policy. No refunds feels harsh. 30-day guarantees feel risky. What do you actually offer and have you ever been burned by it?
June 16Jun 16 #348 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-348 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... 14-day conditional refund. Must complete 50% of the course and show work. Filters out tire kickers. I have had two refunds in three years. Both were the right decision. Bad fit is worse than no sale.
June 16Jun 16 #350 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-350 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... No refunds on digital products. Delivery is instant. Consumption is instant. Refunds on coaching because that is time-based. Different products. Different policies. One size does not fit all.
June 16Jun 16 #355 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-355 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... I offer a 30-day refund but I ask why. The answers improve my product. Mostpeople who request refunds were never going to implement anyway. Theirfeedback is worth more than the revenue.
June 16Jun 16 #357 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-357 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... I have been paralyzed by this decision. Hearing that conditional refunds filter tire kickers is helpful. What happens if someone disputes the 50% completion requirement HannahK?
June 24Jun 24 #1248 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1248 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... My "quick 5-minute favor" used to cost 2 hours. Now everything has a rate. Boundaries = profit.
Friday at 05:26 AM5 days #1290 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1290 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... I added a strategy session prerequisite to my packages. Filters out 40% of leads. Quality of conversations improved overnight.
Friday at 06:34 AM5 days #1296 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1296 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... My first $5K project felt like a typo. Kept refreshing my email to see if they'd ask for a refund. They didn't.
Monday at 02:37 AM2 days #1416 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1416 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... I had a client demand a refund after consuming the entire course. My policy said 50% completion for refunds. I stuck to it. He left a bad review. I slept fine.
Monday at 04:44 AM2 days #1423 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1423 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... I offer 14-day refunds with one condition: they have to tell me why. The feedback has improved my product more than the revenue would have.
Monday at 10:40 AM2 days #1459 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1459 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... No refunds on digital products. I was clear about this upfront and nobody has ever asked. Confidence in your policy prevents problems.
Monday at 04:25 PM2 days #1504 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1504 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... The refund policy I copied from a competitor was too generous. Three people finished the course and then asked for money back. Now it's 7 days, conditional, and clearly stated before purchase.
Tuesday at 12:27 AM2 days #1580 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1580 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... I used to fear refunds meant my product was bad. Now I see them as filtering. The people who refund were never going to implement anyway. Better to find out early.
Tuesday at 06:05 AM1 day #1623 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1623 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... My refund policy is no refunds, but I'll fix it until you're happy. Nobody has ever asked for a refund. The promise of persistence beats the promise of money back.
Tuesday at 11:13 AM1 day #1647 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1647 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... I offered a 30-day refund once. One person bought, consumed everything, and refunded on day 29. Now it's 14 days with proof of attempt.
Tuesday at 03:12 PM1 day #1675 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1675 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... A client asked for a refund because they changed their mind. My policy said no. They disputed the charge. I won but it took six hours of my life.
Tuesday at 06:54 PM1 day #1707 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1707 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... I now have a satisfaction conversation instead of a refund policy. If they're unhappy, we talk. Usually we find a middle ground.
Tuesday at 07:26 PM1 day #1710 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1710 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... My refund policy is no refunds but i'll fix it until you're happy. nobody has ever asked for a refund. the promise of persistence beats the promise of money back. plus it filters out people who were never gonna implement anyway.
Tuesday at 10:34 PM1 day #1732 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1732 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... Offered 30-day refunds once. one person bought, consumed everything, and refunded on day 29. now it's 14 days with proof of attempt. still generous but not exploitable. some people suck.
22 hours ago22 hr #1765 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1765 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... The refund I gave willingly became my best testimonial. Sometimes eating the cost is cheaper than fighting for it.
22 hours ago22 hr #1768 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1768 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... Had a client demand a refund because they changed their mind. policy said no. they disputed the charge. i won but it took six hours of my life i'll never get back. now i have a "satisfaction conversation" clause instead.
15 hours ago15 hr #1800 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1800 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... The refund i gave willingly became my best testimonial. sometimes eating the cost is cheaper than fighting for it. not always but sometimes. business is weird like that.
9 hours ago9 hr #1825 Link to comment https://community.webinsiders.com/topic/108-what-is-your-refund-policy-and-has-it-ever-backfired/#findComment-1825 Share on other sites Share on Facebook {lang="reddit_text" Share on LinkedIn Share on Pinterest Share on X More sharing options... I now have a conditional refund in my contracts. must complete 50% of the course and show work. two refunds in three years. both were the right call. bad fit is worse than no sale.
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