Professional Documents
Culture Documents
101 Proven Marketing Ideas To Grow Your Business
101 Proven Marketing Ideas To Grow Your Business
101 Proven Marketing Ideas for Your Business By Chris Newton & Haydn Rowe
Copyright Chris Newton & Haydn Rowe Published by Results Corporation Global Support Pty Ltd & Results Corporation Europe plc 2010. This work is copyright. No part of this publication may be re-sold, reproduced or transmitted in any form or by any means, electrical or mechanical, including photocopying, scanning, recording or by any information and storage retrieval system, without prior consent of the authors and publisher. All rights reserved. Not exhaustive.
Warning Disclaimer This book is designed to help you learn and profit from sound marketing strategies that have been proven over many years. But that said, as any book of this nature must, it carries a warning and disclaimer. Every effort has been made to ensure this information is 100% accurate, relevant and timely. The information in this book is no guarantee that you will produce results as described in the actual cases cited. Every business, and every businessperson, is different. These techniques and strategies in this book however, will give you the greatest possible chance of success. As a user of this material, you do need to acknowledge that this cannot guarantee your success. If you do not wish to be bound by the above, you may return the book to the publisher
Contents
Introduction Chapter 1: Chapter 2: 9 Secrets of Great Marketing 20 Simple Tips To Produce Advertising & Marketing That Works! 15 Secrets To Writing Sales Copy That Breaks Through and Get Action! 4 Tips to Harness the Power of Packaged Information 11 Ways to Make Your Website Work for You! 11 Tips for Pay-Per-Click Advertising Success 6 Ways to Make the Most of Email Broadcasting 14 Ways To Take Your Selling To The Leading Edge 10 Tips On Providing Superb Customer Service
Chapter 3:
Chapter 4:
Chapter 5:
Chapter 6:
Chapter 7:
Chapter 8:
Chapter 9:
Hello, And welcome to marketing that really works. Marketing that, no matter what the size (or nature) of your business, will give you proven, dramatic and measurable results. As you read through this special report, youll discover incredibly powerful concepts, strategies, tips and insights. Youll discover idea after idea, based on real case studies, real business success and achievement, that you can adapt and apply to your business today. Concepts that are drawn directly from our Marketing Help Online members only web resource, our Business Builder Programme or our high level Coaching programme. The material that you are about to read breaks some of the so-called marketing rules. It is designed to make you think, and act, in a way that changes your business results for the better, forever. Sometimes, when were too close to our business, we simply dont see the myriad of simple ways to increase our profits. This report is not a magic wand. Owning it and filing it away under L for Later will not change your fortunes. Growing your business will require effort; and not everything here will work for every business. Real success will come when you apply, test, measure and refine these marketing techniques. Here are 101 proven marketing ideas and tips that will help you unlock some of the true potential of your business. Enjoy
1.
There are 101 proven marketing ideas in this report and many more exist and help boost businesses of all types and size every day. But there are only 3 ways to grow your business. The now famous three ways to grow your business formula was developed more than 20 years ago by Chris Newton, the founder of Results Corporation. Here it is 1. You get more clients or customers 2. You increase the average value of an order or invoice 3. You increase the frequency of purchase - your clients buy more often So, how do you use this to grow your business? The first step is to examine the effect of applying an increase in each area of the formula. In this example we will assume that you can increase your clients, value and frequency by 10%... Clients x Value x Frequency = Sales Revenue 1,000 x 1,000 x 10% x 10% 1,100 x 1,100 x 2 x 2.2 = 1,000,000 10% = 1,331,000
The net effect is not a 10% increase in your sales, but because of the compounding effect an increase is sales of 33.1%!
2.
Youve probably heard this saying What you measure, you can manage. Well in marketing, the exact opposite is usually common practice What you dont measure, you cant manage. Most businesses dont measure their marketing results. You need to ask yourself, if we dont measure, how will we manage this vitally important part of our business? To avoid this costly mistake, there are a few key numbers that youll need to identify and measure Cost Per Lead for any given marketing activity, what does it cost you to generate an enquiry? If you spend 1,000 on an ad or
marketing campaign, and you get 10 phone calls, thats 100 per lead. Simple. Cost of Acquisition the same idea, but this time, what does it actually cost you to win a new client? If two of those enquiries turn into new customers, the cost of acquisition is 500. If youre selling something that generates 500 profit, it might be time to re-think the ad or campaign! Average Sale Value for most businesses, of course, every sale will be different and theres no way of knowing what the next customer through the doors will be worth. So youll also need to consider the Average Sale Value. If you divide your annual turnover by the number of transactions, youll find that figure. Lifetime Value this can make all the difference. Lets say that on average a customer will buy from you 3 times a year, and stay with you for 3 years. That means each of the customers above is worth 4,500 profit over 3 years now paying 500 to win a new client doesnt seem like a bad idea, does it? Allowable Cost of Acquisition its a fancy name, but quite simply its the amount of money youre prepared to invest in acquiring a new customer. With an eye on the Lifetime Value, set yourself a working limit, and use it to rule marketing strategies and techniques in or out of your marketing schedule depending on whether they perform to this benchmark. Measurement is the secret to your success. Its vital to understanding what works for you and what doesnt.
3.
In John Caples classic book, Tested Advertising Methods, he explains the concept of 'split run testing'. He was describing two ads that ran in the same paper, on the same page, on the same day. How? There are multiple print presses used in printing a newspaper, so printing press 'A' can have ad 'A', and press 'B' can have ad 'B' ... then when they're 'shuffled' as they come out of the other end to be bundled up and sent off for distribution, they offer the perfect split run test! Doing this with ads, direct mail campaigns, email broadcasts, web pages and Pay-Per-Click ads allows us to become marketing scientists we can conduct experiments (tests) and let the market tell us which version they like best. The results will often surprise you. Shock you even. Seriously though, it is a powerful lesson in effective marketing. It tells you that the ad, letter, email or web page you may like, or even love, may well be costing you dearly in lost sales. You owe it to yourself to test your message. You owe it to yourself to measure the responses to all your marketing collateral.
4.
Everyone has heard the famous quote from American department store magnate John Wanamaker ... "Half the money I spend on advertising is wasted; the trouble is, I don't know which half." Well, Mr Wanamaker was probably wrong - based on the numbers we get from clients when they first start to really measure marketing results, he was being very optimistic. It is usually much, much worse. One of Jay Abrahams (our colleague and Americas highest paid marketing consultant) biggest marketing mistakes is Continuing to run marketing that doesnt work. When you start to measure, you will have the information you need to identify and cut wasted marketing expenditure.
5.
Another big mistake made by many businesses is Failing to continue to run marketing that works. We see it time and time again; a campaign that works is cut to be replaced by a new version, something that is more exciting and fresher, or the next ad, letter or email off the production line. Stop! Clearly identify your winners, and back them to the hilt. Run them as often and with the widest possible target audience as possible until the day they stop working. For some businesses, that can be 5, 10, 15 years or more. This alone could transform your business.
6.
So, how do you set about making all this happen? The first thing to do is to make a decision, right now, to treat your marketing just like you treat the rest of your business. Your marketing needs to be systematised, and every element must be proven to earn its place in the system. For many businesses, marketing is a glob of randomly developed, ad hoc activities, unmeasured costs and stuff that happens when theres a bit of spare time between doing real business. It looks a bit like this:
For businesses that really make their marketing work, it looks more like this:
Yours might look different: have different activities, different processes; but if you can map out your business like this, youll be able to control it, rather than it controlling you.
The left hand column contains the lead generation activities anything and everything you do to promote your business to the market place and attract people to you. From left to right is your sales process. The steps you go through to take a lead and turn them into a paying customer. In the central column are your prospect nurturing activities the things you do to keep a prospective customer interested and to stay in touch with them until they either become a customer, or rule themselves out. And in the right hand column is your customer nurturing activity. Once youve won that crucial first sale, these are the things you do to keep your customer loyal, happy and spending more money with you. (You can view a short video on how to Create a Marketing Machine at www.resultscorporation.co.uk/MARKETINGSALESMACHINE.asp?S=1.
7.
Offering your market place a tempting 10% OFF, 20% OFF or even 50% OFF might seem like a great way to get people to put their hands in their wallets. And surely, the crowds of bargain-hungry buyers rushing through your doors will more than cover the cost of discounting, right? Probably not! Take a look at the table below, which shows the true impact on profit of discounting your prices. Run your finger to point where 30% Gross Profit intersects with 10% Discount.
You see that 50%? That means if youre running a business with an average 30% Gross Profit margin, and you drop your prices by just 10% you need to generate 50% more sales just to stand still. Just to maintain today's profitability you and your people have to work 50% harder, you may need to drastically increase stock levels, your machinery and equipment have to handle 50% more output - and that's before you consider the potential negative hit on your cash flow. And you make no more profit. In fact, if you 'only' achieve a 20%, 30% or 40% increase in sales you make less money. While for some businesses a price cut can result in enough new sales to increase profit, the truth is that for most businesses a price cut is a recipe for disaster. Before you decide to discount, make sure you fully understand the consequences.
8.
What about putting your prices up and charging what you know youre worth? Crazy you think - especially now. You can hear your salespeople protesting
already - you'll lose customers, you'll go out of business and your competitors will have a field day. But consider this. Again based on a 30% gross profit margin, if you put your prices up by 10%, you would have to do 20% less business before it affected your net profit
In other words, 20% of your clients could leave, or your revenue could drop by 20% and you'd actually be better off. You'd be doing less work and making more money. And you have to ask, what are the chances that 20% of your clients would leave if you are doing a great job and providing excellent value? After all, if we all bought on price, wed be competing to see who wears the cheapest clothes who drives the cheapest car and who eats the cheapest food. Do you? Wed be taking legal advice from the cheapest lawyers we could find and trusting our financial performance to the cheapest accountants. Certainly, price is always a consideration, but Value for Money and a clear understanding of what your product or service can offer is, in most cases, more important.
9.
FTI or Failure to Implement. Its what gets in the way of most business peoples chances of success. Being too busy to actually knuckle down and put effective marketing techniques in place. Theres a saying: There are no guarantees in marketing; except that if you do nothing, you can guarantee that nothing will happen. You can write fantastic ads; have a great website, create powerful sales letters, and design compelling prospect and customer nurturing systems but if you dont put them in place, they cant help your
business. The only way to identify the marketing techniques that will make a real difference to your bottom line is to roll your sleeves up, get stuck in, and apply. Lets Get Started! So, armed with a clear understanding of the important numbers in your business, a solid map of your existing lead generation and nurturing strategies, and a healthy scepticism when it comes to knock-down prices, lets roll up some sleeves and dive in
10. The fastest way to wealth through advertising is to not have a budget
Now that doesnt mean dont advertise. What it does mean is this once you develop ads that truly work and you can measure the results so you know theyre paying for themselves (and youll see how to do that in these pages), you should recycle the cash. Look at it this way. If you run an ad that costs you 500 but it makes you 1,000, wouldnt you be crazy not to take that 1,000 and make 2,000? And so on Of course, this is a simplified proposition, but youll see the point. With this new way of looking at marketing a business, even the tiniest business could have a massive ad budget and make a mint.
11. If you dont see yourself as particularly creative, then this will be great news!
You see, you dont have to be clever or fancy to create effective ads. In fact as Master Copywriter, David Ogilvy, once said: When I write an advertisement, I dont want you tell me that you find it creative. I want you to find it so interesting that you buy the product. Most ad agencies have never discovered that truth. They focus on winning awards instead of sales. Be interesting, be informative and communicate powerful reasons why someone should buy your product, and youll sell your
product in larger quantities than you ever dreamed possible. Research clearly shows that effective advertising has a lot to do with being a skilled salesperson. Simply learn how to communicate this skill in the way you write. And write as you speak!
12. Putting an offer in your advertising can lift the response by 3000%!
How much can you give in order to get business? The power of your offer should never be under estimated and (in most cases) should not be a discount. Work out instead how to add value to your prospects. Package in extra value something for which they have a genuine need that maybe costs you very little to provide.
15. If you didnt believe in your product, you wouldnt be selling it. So why not guarantee it and shout the fact in everything you do?
Many business owners are reluctant to offer guarantees because they fear theyll lose more than they gain from it. In reality, the exact opposite is true. Guarantee your product and be outrageous in just how far youll guarantee it and it becomes something that will set you far apart from your opposition. Done properly, your sales will soar.
16. Every single ad you run should at least pay for itself.
Look at your ad as a sales person in print apart from exceptional circumstances, it has to earn its keep. (The exception? Customer acquisition
10
programs that run at a loss initially but have the potential to earn considerable repeat sales). By focusing on creating ads that pay, youll find that your advertising will by necessity become leaner, more efficient and more effective. It will also become more accountable and you wont be wasting your valuable advertising pounds.
18. But how do you come up with a good theme for a headline?
Strangely enough, its usually hiding in the body of your ad. Why? Because by the time youve written some copy, youve warmed up and you start to get excited about what your product can do. Look in your ad for the powerful selling theme that should be your headline.
19. Ads that look like blown-up business cards are a complete waste.
They merely state the companys name, address, phone number and perhaps the slogan. We call them name, rank and serial number ads. You must offer reasons to a potential client if you want them to do business with you.
11
Imagine it! Getting a ten times increase in your sales simply because you targeted your market better. The results are absolutely proven. Are you using the right newspaper, magazine, direct mail list? And that leads to
24. Never assume that because you know exactly what you mean, your reader will too. They dont.
As weve already discussed, you live and breathe your business. You know your product and everything about it. Youre an expert. Never assume your clients and potential clients share this wealth of knowledge. If something is important, tell you reader again and again.
12
may not be mail order but believe one thing those people measure exactly what works. Their copy intensive ads out perform short, catchy ads.
13
Chapter 3:
15 Secrets To Writing Sales Copy That Breaks Through And Get Action!
To make your business letters, emails, sales letters and direct mail really work; you have to crash through a barrier put up by the reader. This barrier may be pure disinterest. It may be the stress and pressure of their own problems. Or it may be their pre-existing antipathy to junk mail On top of that, you have some challenges that you may not have even considered illiteracy. Astonishingly, 15% of the population over 15 years of age is completely illiterate. 30% is semi-literate. Only 32% according to research are able to think analytically! Makes you think about the truth of that adage K.I.S.S. or Keep It Simple Stupid!, doesnt it? But despite these challenges, written communication plays an absolutely vital role in the day-to-day operation of your business. So how do you break through these barriers? How do you make your mail really work for you? And how can you write more effective sales letters? Here are 15 key secrets to achieve those objectives
30. Your hottest prospects are just sitting there, waiting to be asked to buy. They have six to ten times the propensity to buy!
Before you consider writing to a cold prospect list (people who arent already your clients), remember this point. The hottest and most profitable prospects your business will ever have are those whose details you already have! Youll find them in your filing system under customers and past customers. By developing this market alone (without any outside advertising) weve helped business boost sales by 125% and more at a fraction of the cost of using general media.
31. So youve saturated your existing mailing list and you need to attract new customers.
What do you do? Think the unthinkable! Talk to other business people who attract a similar customer profile to you and discuss the possibility of swapping lists (for example, a painter and a renovator).
14
Its a win-win situation because both parties increase their client base and a wealth of new business opportunities. And the result can be dramatic. Especially if the other person will endorse you to their past clients, you can achieve up to 10 times the response youd get from renting a cold list! We often help our clients with the writing of these letters because done properly its a virtual gold mine! The money they pay us is returned many fold.
32. Try breaking through the barriers with unusual paper stock.
By using graph paper, cloth, burned edges, copy on clear film, very heavy parchment type paper, canvas anything that dramatises your message or ties in to your product you can dramatically improve the readership and effectiveness of your letter. A brilliant idea from one of our colleagues was in a promotion for a particular type of window. The letter was printed on the glass pane of a miniature window! Expensive per unit, but with thousands at stake, a tiny investment!
Thank you very much for phoning today. It was exhilarating talking to you about your plans for expansion.
15
Your future business is clearly going to be an exciting time for everyone on your team. And thats why we know youll be thrilled with the way our widget will help you in your expansion. Look, for example, on page 2. Based on what you told us on the phone, this model will solve the 3 main problems you have right now. Specifically, youll also see on page 6, how your extended service warranty will (and so on).
Its almost like youre actually there with them, isnt it?
16
Better to say Hello John, thanks for the letter you wrote back on the fifth. Hey, those suggestions you made were terrific .
17
And another point. With direct mail letters, try handwriting your P.S. for a personal touch. That is, have it printed in blue ink in handwriting. It will increase the readership of this most read part of your letter even further.
18
Secondly, of course, youre trusting that your letter gets through. Postal service interruption, diligent gatekeepers there are a number of reasons why your target may not get your message. Thirdly, if youre writing to a cold audience, youre hoping that, if they have a need for what youre offering, and they get your message, they trust you enough to get in touch after just one approach. So, consider instead of writing to 1000 people, the advantages of writing and emailing to 200 people, 5 times each. By spreading your message over a period of time, and over two mediums (email and post) there are several advantages. Of course, you increase the chances of coinciding your message with your audiences need. You also get to drip feed them critical information, and you get to build a relationship simply by staying in touch. How frequently you contact them will depend on the nature of your offer and your product. However, research shows that response rates to multiple contact strategies increase exponentially, until you leave more than 90 days between contacts, at which point you effectively start again from scratch so consider 90 days as your maximum break.
90 Day Calling Cycles The First Cycle The Second Cycle The Third Cycle The Fourth Cycle The Fifth Cycle
.
19
10 Things You Must Know Before Replacing Your Office Telephone Systems How to Avoid the 5 Most Costly Mistakes Most Print Purchasers Make 7 Questions You Should Ask Your Martial Arts Instructor How to Get the Best Price When You Sell Your Home
By offering answers to the questions your customers are posing, you can get more response from your marketing and from qualified prospects. You can build a really positive relationship with them from a very early stage, and then go on to nurture them towards a sale.
20
Whatever subject youre writing on, you need to position yourself as the voice of authority in your field but you dont want to scare off your audience by baffling them with jargon and concepts they dont understand. Try breaking your content down into 3 categories: Firstly, write down a few points that your audience may already have considered. You can put them at their ease by doing this and make sure they dont simply dismiss your guide as being too complicated. Then, give them some ideas that will really help them make the right decision show them how they can save money, save time, avoid stress Finally, hit them with a couple of real nuggets. You want to get them thinking Wow, if I hadnt found that out, Id have wasted my money buying something that wasnt right for me at all!
21
Set a specific time frame for them to review the information, and tell them you will be contacting them afterwards to ensure that they got what they wanted from the guide. At the agreed time, contact the prospect. Do not ask if they received the guide (this gives them an easy way out of the conversation by saying no). Instead, begin nurturing the prospect towards a sale discuss the next stages (perhaps a free assessment of their needs, or a proposal for the product or service best suited to their requirements). Continue to nurture the prospect. By requesting the packaged information they have identified that they have a need they probably will purchase a solution, and it is now a matter of consistent contact and education to ensure that they see you as the natural provider of that solution.
22
For some organisations a website which achieves one of these objectives will be the perfect website, while for others, your website can and should achieve all four objectives. By being clear about your objectives you can make good decisions about the development of your website.
50. Analyse!
Google Analytics is a fantastic free tool which gives you comprehensive performance statistics on your website. It tracks all your traffic sources, gives you invaluable information about where your visitors are coming from, what search terms theyre using to find your site, how long they spend on different pages, and what they do when they are on your site.
23
Its a great way to see which parts of your website people are using, and which parts are under-performing, and it lets you make some smart decisions about where to invest your time and money in future changes. This information can tell you which parts of your website are most popular, which convert the most sales and which parts are bouncing your visitors back to the search engines. Understanding your sites current performance will help you to develop the site in a way that will improve your sites overall performance. Google Google Analytics for more information. Your web developer will be able to quickly and easily add this to your website.
51. Create a clear site structure with topic specific landing pages.
People who search online want information fast. They dont always have the time or inclination to hunt through your site for what theyre looking for. Make it easy for them to get what they want by creating separate landing pages for each product or service that you wish to promote. This will ensure that your page is relevant to searchers, which minimises "bounces", maximises conversion rates and will also play a key role in search engine optimisation. Landing pages should be product or service specific so for example a supplier of bikes and cycling products may include the following landing pages on their website... Mountain Bikes Road Bikes Comfort & Leisure Bikes Kids Bikes Racing Bikes Cycling Accessories Lights Helmets Body Armour Cycling Clothing While this may seem daunting at first, especially when you consider how much copy and content will need to be created, the good news is that you don't have to do it all at once. Create detailed landing pages for your most popular and profitable products and services first, and then expand your site as you go.
24
You should consider how easy it is for people to find their way around your menus and bear in mind that they dont know your business they same way you do. So, avoid layers and layers of sub menus, which require the reader to know which category to start with to find what theyre looking for and make sure your pages and menu buttons are clearly named and intuitive, so people can see at a glance where theyre going.
25
Arial 10 pt 34% vs Verdana 10 pt 64% Arial 9 pt 21% vs Verdana 9 pt 74% To prevent your site looking cluttered and clumsy, stick to 2 main fonts: one for headlines and one for the main copy. Keep it simple. The colour you choose for the text on your site will depend on the overall design, but be very mindful of the fact that simple black on white is the easiest to read. If you do use a coloured font, double check that youre not making it hard for people to get the information they want.
56. Optimise!
Search Engine Optimisation is a huge topic that requires its own guide. However, theres one simple technique that will help you to ensure that the text on your page is optimised for the product or service that youre promoting. We call it the Rule of Three. In simple terms, each page should feature 3 keywords (these can be individual words or short phrases) that relate specifically to the product or service on that page. Each keyword or phrase is then repeated at least 3 times on the page, including within the headline, and the first few paragraphs. The keywords should also feature in the metatags for the page, including the page title, description tag and keyword tag. Well optimised pages are easier for people to find, and help the overall performance of your site in the search engine marketing.
26
59. What about design the look and feel of your site?
Wow, were up to point 11 and weve only just mentioned the design! And theres a reason for that. Of course, the look and feel of your website needs to be right: it needs to show your company in the right light; to make you look professional, and be welcoming to your visitors. But starting out with the design is a sure way to force compromise in the important points above. Only once youve made your decisions about how you want your website to work for your business should you go about deciding what it will actually look like.
27
28
would appear for much fewer search queries but users who trigger your ads are more likely to be in your target audience.
29
Get the Most Out of Your AdWords by Reading This Simple Free Guide Reading This Simple Free Guide Get the Most Out of Your AdWords www.freeguidetoadwords.co.uk www.freeguidetoadwords.co.uk
30
With Google Conversion Tracking your web developer can add some code to your Thank You page (it shows after someone buys, enquires or requests your packaged information offer) which will allow you to tell which keywords and ads convert the most website visitors. And you will be able to see how much you have paid on average for each conversion. This is a hugely valuable tool. Once you know which ads and keywords are generating business, you can then adjust your budget to get even better results.
31
It is estimated that 60% to 70% of all AdWords clicks come from the Content Network, and that around 30% of AdSense Advertisers carry Image Ads - yet only 2% to 5% of all advertisers use Image Ads!
32
33
Today, you need to be a lot savvier about what you say to your reader to ensure they dont hit the delete or even worse the unsubscribe button. Your emails are your opportunity to educate your readers to the benefits of engaging with you. Theyre a fantastic way to deliver useful information that can show your prospects (and remind your customers) how you can make their lives easier, save them money, save them time, and deliver outstanding benefits. So rather than boring your readers with the latest adventures of Bob in Accounts, try answering some common questions, or writing a feature on an issue that your customers struggle to overcome. Giving away free information like this will keep your readers reading and make them open to receiving your sales message. Which brings us on to
74. Mix sales messages with valuable, useful and compelling information.
Its hard to get anyone to sign up to a barrage of sales pitches. But, its incredibly easy to get people to sign up for relevant, valuable and helpful free information; and good old-fashioned helpful hints, tips and advice. So, use a good percentage of your messages to give information, hints and tips, to answer common questions, and genuinely give something of value to your readers then intersperse them with sales letters offers, promotions, product features and similar. The perfect ratio will vary for every business but by monitoring your unsubscribe rates, and how many people respond, forward and reply to your emails, youll find the ideal balance for your audience.
34
broadcast shouldnt be feasible, providing you have enough information to give to people. Again, the important thing is to keep an eye on how your readers respond. If youre emailing them every day and seeing a high unsubscribe rate, try leaving a bigger gap and if youre emailing monthly and people arent opening the messages, bring them closer together.
35
80. What about the people who nearly bought from you?
Obviously, you cant get every sale. But you can still profit from the prospects that didnt buy. Maybe the timing wasnt right. Maybe your product wasnt quite right. But whatever you do, dont just forget about them. Maintain your relationship with them, nurture them and keep open the opportunity of doing business with them at a later date.
36
But it doesnt end there. If your product or service really isnt right for them why not swap the leads or sell them? Maybe to your competitors who do have a suitable solution. We know of one marketer who did this and made more from the on-selling of leads than from the original campaign!
37
Isolate their concerns about your product and then balance these with the benefits. Once they can see the benefits outweigh their concerns, they become far more likely to buy.
38
If your sales team doesnt enjoy what theyre doing, their performance will suffer. So it is essential to make their working environment as comfortable and fun as possible. Dont get me wrong. Of course you must have expectations for your team, but dont forget that without their 100% dedication to the task, youre fighting an impossible battle. Success in retail is all about helping others get what they want and making sure that every member of your team understands that. When this happens, your sales and profits will begin to take care of themselves.
Keep a smile on your face. Happy people work better and convey
that feeling to your customers.
Keep your promise. Do what you promised you would do or better. Make a good presentation. Clean up your workplace, develop a
distinctive look. Pay for quality.
39
3% stopped because of inconvenience 9% stopped because of a relationship at a high level with someone in a
competitive company they were seduced away wasnt fast enough, or the product wasnt right
15% stopped because the price was too high or the delivery time 5% stopped because of some other miscellaneous reason
which leaves 67%. Why did this whopping 67% stop buying?
40
If youre a service-based business, then using a simple Windows of Opportunity matrix can highlight areas for potential cross and up selling activity. Using a simple spreadsheet, list your key customers on one axis, and your key areas of service on the other. Mark which customers take which products and services, and the gaps will show you where you can most effectively market for the best return on your investment. If your products or services offer genuine benefits that your customers should be taking advantage of, let them know about it!
41
Good Morning David, You know, customers are the absolute lifeblood of any business. Thats why were so delighted to welcome you to ABC Ltd. You see, were committed to providing you with first class products and total quality. Plus, of course, the kind of service youll be happy to tell others about. Again, thank you for choosing ABC Ltd. It really does make us feel very special
Would you be inclined to go back to a business like this?
42
100. C.O.M.F.O.R.T.
Yet another Singapore example. Imagine yourself riding in a cab provided by the Comfort Cab Company that has this on the dashboard: C is for Caring O is for Observant M is for Mindful F is for Friendly O is for Obliging R is for Responsible T is for Tactful The sign tells the cabbies whats expected of them and it tells you and me exactly what we can expect when we travel in a Comfort Cab. But thats not all. Underneath the sign is another one that reads, I am the best person for his job and no-one else can provide a better service because I am a Comfort cabbie. Now thats dedication and service! Understanding the need for superb customer service is one thing. Getting your team to deliver is another. So, thats 100 Proven Ways to Increase your Profits. And heres number 101
43
What do we mean by that? Very simply, train yourself to see the big picture ramifications of small improvements. For example, if you try a cross selling concept, dont just figure the profits for the week. Extrapolate it for the year. It may translate to thousands of pounds. Tens of thousands. If you run a new headline on a campaign and it generates and additional 10 sales at (say) 1,000. Thats not just a 10,000 in extra sales. Annualised, that represents 500,000 in extra sales. It puts everything into perspective and helps keep you hungry for new ideas and new strategies. What is your next step? To begin implementing these ideas! Just take one or two and see the leverage they give you for lifting your sales, for delighting your customers, for achieving your objectives. And please do take advantage of our help. Each of the services we have created to support you is proven and powerful.
44