Archive for the 'Customer Service' Category



Increasing Sales Implementing Brand Loyalty

Tuesday 23 June 2009 @ 11:27 pm

For any business striving to increase their sales, creating brand loyalty plays a key role in achieving their desired results. Spreading awareness about a brand that contains the essential ideas and philosophies about your business will go a long way in maintaining and improving product sales.

When customers decide to buy a product or service, their decisions are largely based on the quality of the product or service, and the message and ideas that a company imparts using various marketing techniques. Once a customer is satisfied with the product, brand loyalty is achieved. The result will be an increase in sales.

The following is a list of strategic methods that will help a business achieve brand loyalty:

Promotional Products: Using promotional products allows a business to get their name out to the consumer. Examples can include giving away free products at an event such as a baseball game or charity event. The purpose is to get consumers to remember your product name and company. You do not usually make money, but you will be rewarded later with new customers as they will remember your name. Promotional products allow you to gain brand recognition.

Free Items: Everyone likes to receive a free item occasionally. This can include giving customers a free item after they buy a certain number of items. For instance, coffee shops will often use a special coffee card where they mark off each time a customer buys a coffee and once they have purchased so many cups, they get a free cup of coffee. This encourages repeat customers and the customer will become loyal to the product.

Reward Customer Loyalty: Showing your customers that you appreciate their business will go a long way to maintaining their loyalty. Businesses will often reward loyal customers by sending them special discounts on select items. This can be dome through email or snail mail. Coupons and certificates are normally sent to the customers. This shows the customer that a business cares and they see them as a person and not a sales figure.

Display Brand Logo: To help customers remember your brand, you need to display your logo as much and in many places as you can. This can include: employee uniforms, letter heads, on your website, at special public events, on signs, on business vehicles,etc. How well a person remembers the brand depends on the design of the logo, where the logo is featured (billboards, magazines,etc) how many times it is displayed, the size of the display, and if memory enhancers were used such as a particular catch phrase or memorable colors and illustrations. Colors can have a significant effect on a person’s perception of a product or brand.

Online communities: Establishing a web presence through social sites such as Facebook, Twitter, and MySpace is a great way to interact with customers and acquire a large number of followers. You can keep them apprised of company activities and they can interact with you.

With so many competitors in the market place, businesses have to come up with ways to make their product and service stand out from the others. Branding is a method of generating a personal identity for a business and its products and services. The idea is to create a long lasting positive impression that will attract customers, encourage them to stay loyal to the brand, and thereby increase sales. Brand loyalty is measured by the instances of repeat purchases. Without branding, a business will be forgotten; therefore, developing a branding strategy is an essential marketing technique for any business seeking long term success.

Create customer loyalty and keep your sales flowing. A reward program is an effective way to keep customers from coming back.

[tags]customer loyalty, retail marketing, reward program, loyalty cards[/tags]




Tips for Upselling to Customers

Tuesday 23 June 2009 @ 8:37 pm

Janelle Barlow travels the world promoting ‘A Complaint is a Gift’, her new book, and teaching companies how to change their perception of customer service as a necessary evil into an opportunity to strengthen a relationship. Now that every sale and every customer is precious, it seems even more important to heed her words.

The following tips outline key concepts in understanding that unhappy customers give you insight into your next product/service or process enhancements and most importantly, allow you to demonstrate authenticity and devotion to your customer. Mistakes happen, but the business that can solve them with aplomb can have an even stronger relationship with a customer than a company that doesn’t seem to make mistakes at all.

Of course customer service reps need the right materials, marching orders and, Barlow says, freedom to make the right decisions.

Barlow’s experience with driving marketing programs offers the following points for arming your phone crew:

-Before you decide on a new course of action, and consistently thereafter, ask for a round-up of comments, complaints and suggestions heard over the phone. Are your customers asking for a mid-level product? Is one product more prone to problems than the others? Are the first few days of using your product a painful learning curve? What small changes can you make to improve the use and adoption of your offering?

-On the other hand, keep the comments in proportion to your overall sales base. There’s a difference between seizing an opportunity, and up-ending your entire operation for a few whiners.

-Review the phone script and its language, as well as the amount of freedom your staff has to make decisions to satisfy a customer. Rolling back a few dollars in fees can cement a customer’s loyalty.

-Make sure that the phone staff knows about every advertisement, marketing program, new discount or sales plan. This seems simple but you’d be astounded at how many large and small companies forget to tell the people on the phone about the new campaigns. Be sure the manager of the phone team is on the seed list of every email campaign, which can act as a fall-back alert system.

-Get the phone staff email templates to fill in so they can follow-up a phone call with an email and make sure it contains an offer. Always ask for the money, as they say.

-Provide phone staff with a variety of offers to make to prospective buyers. You never know what combination of services or price point will make someone buy.

-Not only equip the phone crew with all the marketing materials on your line, but give them language to use when they hit a question they don’t know. “Let me get you a specialist” sounds a lot better than “I don’t know” followed by awkward silence.

Jess Wells is an award-winning freelance journalist and veteran marketing consultant. For more information about successful small business strategies and tactics or to become a member of the Innovators Forum, please visit: http://www.CiscoInnovators.com

[tags]customer service, upselling to customers, janelle barlow[/tags]




Creating Wealth With Customer Care, Loyalty and Referrals

Friday 19 June 2009 @ 9:21 pm

I once heard it best described this way. You make your fortune, not in the sale but in the follow up. This has got to be, not only the truest statement but also the smartest way to build a reputable business.

Many people think that it is only paying customers that come into this category. However, I want to point out this applies to people we have working with and for us as well. What I have just said is a point to remember as I give the tips below of what you can do to create a reputation of caring, loyalty and referrals given freely.

There is generally two types of customer care. One is short term follow up and the second is long term follow. It is good to have a system in place for both. In implementing your customer care programme, the key point I like to always have in front of me is this. People don’t care how much you know, until they know how much you care.

Lets begin with embedding this sign in front of us before we even get our first customer or person working with us or for us. People don’t care how much I know, until they know how much I care. If you get this tip, customer care becomes much more enjoyable, fun and consistent for you to do.

With short term customer care, it is as simple as staying in contact with your customer on a very regular basis. These don’t have to be lengthy phone calls or emails. You just want to touch base to see how they are enjoying your product or service. You are simply making sure they are getting results, guiding them and being a cheer squad if need be. If they are not happy with your product or service, give them solutions.

Another aim of short term customer care is to get as much information about that person as you can. This will be of utmost importance for long term customer care. Primarily with customer care there are only 2 skills you need to master. Number one, become an expert at asking questions. Number two, become an expert at listening and taking notes.

You may have noticed, people have a massive sign around their neck that says, make me feel important. Mastering the above two skills and adhering to them will make anyone feel important.

What questions do you want to ask and get answers to? A great place to start is finding out about their family. Their relationships, do they have children, how old, pets, birthdays, anniversaries. Are you starting to get the drift? Think about if you met someone, what would make you feel good about the questions and interest someone had in getting to know you better. It’s a great way to see the type of questions you’re after.

The key point now after figuring the questions to ask. When you start getting answers take down notes. Partners name, children names, pets names, make a note of them. Take note of birthdays and any other significant dates. Can you imagine, if someone is following you up with their service or product, they ask how is Johnny going (your childs name). Wouldn’t this person remembering this about you, make you feel important?

I imagine you are starting to get what short term customer care is all about in building trust, caring and loyalty. When you have a customer that has this with you, they have no problem in referring their friends, co workers, family or anyone else they speak to, to your product or service.

Not all customers will purchase off you consistently, however if you have a consistent and solid long term customer care programme, your existing customers will continue to come back to you when they do need your product or service again. So lets give you some tips on what a long term customer service programme would entail.

This is where the information you have on your customer comes into play. Send a birthday card on your customer’s birthday. Send a Christmas card when that time comes. Send a special discount promotion for your customer to use in their birthday month. Set up a consistent newsletter mailing programme on a monthly, bi monthly or quarterly basis.

Your newsletters could include valuable tips and guides pertaining to your product or service. You could also feature a promotion to a particular product or service you have. You could also feature new testimonies of recent customers. Make sure you have customers permission to use their testimonies.

Customer care is all about showing you care and maintaining contact. Remember people don’t care how much you know until they know how much care. Lastly remember, the fortune is in the follow up.

My name is Claudia Paddison. For well over 10 years I have been in the business of helping & inspiring people achieve their dreams. Visit
my business at http://www.freewealthinformation.com

[tags]business,customer care,follow up,referral business,creating wealth[/tags]




How To Accelerate Your Homebusiness

Friday 19 June 2009 @ 2:31 pm

Develop the business you have began. These means following the company grow and become more complex. There is two methods you are able to develop your home business:
You need any products or service to offer. As you find that a demand for your products or services exists, you can begin to develop your business.
You can expand your product line in three ways:
Offer several similar products.Give your customers more choices.

Complementary product lines.Add together different products from those you are now selling but choose ones that will appeal to the same customer ,for example, jewelry and cosmetics. Customers may buy different products from more than one line.

Offer very different product from those you are now selling although they may or may not appeal to the same buyers , for example, jewelry and vitamins. In some situations, this may not make good use of your selling time and therefore you should give it careful thought before proceeding. But sometime this technique provides income from one set of products if others are not selling during the same period of time.

If the workload is too demanding get assistance.A assistent to do the routine chores, such as office work, while you concentrate on what you like and can do best Instead of doing the packing or shipping –tasks you could hire someone else to do for minimum wage– you could be picking up the phone and getting a new customer, or developing a new product.

To add a skill or expertise your business needs. When you don’t have the valuable experience or knowledge you need, you should find good people who have what you lack and hire them.

However, try looking for help first from your family members before you hire outside employees. If it is a temporary overload of work as a result of seasonal demands, perhaps your kids can help out in their spare time. For others, they choose their husbands or wives as their first employees.
Before hiring an outside full-time employee, consider outsourcing and subcontracting when the workload becomes heavy.

Stay relatively small, but get involved in other small businesses. You may discover in the course of running your business that a simple retooling of your products or services can attract a new market. This new opportunity may later become a spin-off business that you can run side-by-side.

The process will entail doing the same start-up steps that you did when you started your first business. Once you have ideas for several product or service variations, the next step is to evaluate the market potential for them, looking at everything from the size of each market to the buying preferences and expectations of the target audience. Identify all your potential new competitors and review their marketing materials, including their ads, brochures and Web content.

Despite the flurry of activity surrounding a new market launch, you need to be on top of your existing accounts. That way, you’ll build one successful profit center on another as you expand.

To find the best home based business ideas and
opportunities so you can work at home visit:
http://www.homeworkmam.com

[tags]homebusiness[/tags]




Customer Service Is About Establishing And Building Relationships

Thursday 18 June 2009 @ 10:27 am

Any type of relationship can be fragile. Your new business can only succeed if those relationships are guarded, protected and nurtured. You do that by treating your clients as if they were cherished friends.

When you call a friend you probably expect a call back within a reasonable time. Your client also expects that call within a reasonable time too. If you e-mail a question to your friend or family member don’t you expect an answer as soon as they can? Of course you do. Try to answer your e-mail within twenty four hours and sooner rather than later if you can. If you can’t do it yourself get a staff member to do it.Isn’t it true that you would prefer a personal response rather than a canned response like thanks for contacting us? Treat your clients as you would like to be treated. It’s common sense.

When you have good news don’t you rush to call your friend and also like to be updated with your friend’s good news? I’m sure the answer is yes. So if you have good news let your clients know. They really want to hear about your new baby, moved into a new house, new puppy and all your other good news. People enjoy good news about people that they like.

When you get on the phone and ask a question concerning your friend isn’t it true that you would expect him or her to answer without attitude, with respect, and a gentle manner. If you got rude answers from your friend I’m sure that you would be hurt,
upset and disappointed and even angry with him or her. So assume that your client expects the same courtesy that you would give and expect from your friend.

Other elements of good customer service are the many moments that you have to compromise in order to keep that client happy. If you want relationships to continue you have to sooth ruffled feathers sometimes which included an occasional apology for appointments or services not delivered, and a substitution if a product is unsatisfactory.

Also one of the simplest examples establishing a relationship with your client is to listen to him or
her. Don’t jump in, don’t interrupt, just listen. That goes a long way to show your client that you care about him or her. Respect your time together, and don’t commandeer his or her time. Put some of these common sense practices into place and you will have good clients for a long time.

R-U New to Business gives FREE practical steps
running your own on-line or off-line business, start to finish. Tips to know to succeed, freebies, and more. Receive a FREE report on MANIFESTING
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http://www.runewtobusiness.com website

[tags]customer service[/tags]




Customer Engagement: Why Customer Emotions Matter

Wednesday 17 June 2009 @ 8:06 pm

Adam Smith, the grandfather of capitalist economic thought, established that the nature of the marketplace naturally guides consumers to seek the best products at the best prices. In his seminal work “An Inquiry into the Nature and Causes of the Wealth of Nations”, Smith argued that the invisible hand of the market powered by individuals acting according to self-interest naturally creates wealth.

In Smith’s model, an item’s true price is determined by the cost of the labor required to produce it. As Smith wrote, an item’s “real price is the toil and trouble of acquiring it.” Production costs, material costs, and labor costs would be included in this “toil and trouble” of creating a product. Market price fluctuations occur due to varying levels of supply and demand, according to Smith, but real value (as defined by labor) does not change.

APPLYING SMITH’S THOUGHTS TODAY
Today’s marketing models often spring from Smith’s original fountain of economic knowledge. Traditional business plans typically aim to provide a product of comparable quality for a lower manufacturing cost, thereby capturing a higher profit margin. This approach contains an underlying assumption that Mr. Smith would probably approve of: the idea that customers select products based on rational, tangible factors like quality and price. Under this paradigm, customers will transfer their patronage to any new company that provides a product of comparable quality for a lower price. In The Wealth of Nations, Adams suggests that higher profits may be enjoyed by finding especially rare commodities, or by producing an unusual (and hopefully, exclusive) product.

However, the marketplace has changed quite significantly since Smith’s time. As manufacturing costs have dropped and consumer spending has skyrocketed in the last few decades, consumers no longer depend solely on price and quality to dictate what they buy; the emotional side of the purchasing experience has added value where Adam Smith saw none. In today’s market, consumers are usually more engaged by emotional motivation than rational drivers.

CUSTOMERS MOTIVATED BY MORE THAN PRICE
It’s no longer enough to satisfy customers, then. Customers can find satisfaction with any number of your competitors. What they can’t easily find, however, is a unique emotional experience. In this light, your company may be more associated with a feeling than with a product. Zappos CEO Tony Hseih puts it this way: “At Zappos, our higher purpose is delivering happiness. Whether it’s the happiness our customers receive when they get a new pair of shoes or the perfect piece of clothing, or the happiness they get when dealing with a friendly customer rep over the phone, or the happiness our employees feel about being a part of a culture that celebrates their individuality, these are all ways we bring happiness to people’s lives.” Happiness is one end result of Zappos’ approach–$1 billion in sales in 2008 is another.

As Mr. Hseih has discovered, customer engagement is the key to unlocking long-term customer loyalty. Engaged customers feel emotionally connected to their favorite brands. They may be aware that they could obtain a similar product for a lower price, but their relationship with a certain company makes them willing to spend more. Without a strong emotional connection, consumers are willing to quit a company as soon as a competitor offers a lower price.

In other words, Adam Smith’s ideas and observations haven’t vanished entirely from the marketplace. Engaged customers don’t totally forget about the rational side of purchasing decisions. They still ask questions like “What do I get, and at what price?” However, emotional questions also inform their purchasing decisions. They may not be aware of their subconscious need for an emotionally fulfilling purchasing experience, but their answer to “How does the product/service make me feel?” will still drive their behavior. Once a company has a good product at a reasonable price, they can see significant growth by focusing on providing an engaging customer experience.

GETTING A CUSTOMER ENGAGEMENT BOOST
So, how can your brand shift from the old Wealth of Nations approach to one that centers on your customers’ emotional motivation? For one, engaged employees provide exceptional purchasing experiences, resulting in more engaged customers.

Engaged customers and employees alike are defined by the following characteristics:

- They will go out of their way to do business with your organization.
- They are loyal to your brand and/or organization.
- They recommend your organization to their friends.
- They are passionate about your organization.

Engaged employees are your company’s emotional transmitters. They pass on their positive impressions about their employer to the customers that they interact with on a daily basis.

How customers feel matters. If you can make your customers feel valued and engaged during their purchase, they will return to your booth in the marketplace time after time, even if you don’t have the lowest price.

Monica Nolan is an Account Manager for PeopleMetrics.
The strongest strategies to keep good customers are based in strong, actionable information. Contact PeopleMetrics to discuss customer engagement solutions for your business sector.

[tags]Customer engagement, strategies to keep good customers, good customer service, customer relationship[/tags]




Make Me Laugh Out Loud Likable

Tuesday 16 June 2009 @ 10:41 pm

Everyone loves to laugh and we like the people who make us laugh. We can’t help ourselves; it’s one of the laws of likability. We like people who enhance our mood, and laughing is certainly a mood enhancer.

My father-in-law is the king of email jokes. He’ll send them to me even if I ask him to stop. It makes no difference; he’ll send them anyway. I open them, laugh out loud, associate him with my enhanced mood and secretly look forward to the next message he sends. The cycle of life and laughter continues.

It struck me recently just how powerful this law of likability really is. I know how much I enjoy being around funny people and how my mood improves with just the mention of his or her name. I like me better when I’m in a good mood, and I like the person responsible for helping me get there.

My father-in-law is a very nice guy, but I wouldn’t consider him to be a stand-up comedian. And even though he’s not the one who makes me laugh, he’s responsible for me laughing when I open and read his email. Because of that, I associate him with my good feelings and I like him even more.

I am not suggesting that you send your customer an email every time you find something funny on the Internet, what I am suggesting is that there are ways you can be responsible for making your customers laugh without being funny yourself.

A few years ago my father-in-law sent me a list of signs created by local businesses. I not only laughed out loud, but I’ve shared these words of wit and wisdom with a few thousand people. I’m going to share them with you in a moment, but before I do I want to ask you a favor.

When you read each sign, I want you to decide if you feel more likely, less likely or neutral about wanting to do business with this company based strictly on their sign. Are you ready?

At a Proctologist’s door
“To expedite your visit please back in.”

On a Plumber’s truck:
“We repair what your husband fixed.”

On a Plumber’s truck:
“A flush beats a full house.”

On a Plumber’s truck:
“Don’t sleep with a drip. Call your plumber.”

At a Towing company:
“We don’t charge an arm and a leg. We want tows.”

On an Electrician’s truck:
“Let us remove your shorts.”

In a Nonsmoking Area:
“If we see smoke, we will assume you are on fire and take appropriate action.”

On a Maternity Room door:
“Push. Push. Push.”

At an Optometrist’s Office
“If you don’t see what you’re looking for, you’ve come to the right place.”

In a Podiatrist’s office:
“Time wounds all heels.”

Outside a Muffler Shop:
“No appointment necessary. We hear you coming.”

In a Veterinarian’s waiting room:
“Be back in 5 minutes. Sit! Stay!”

In the front yard of a Funeral Home:
“Drive carefully. We’ll wait”

At a Propane Filling Station,
“Thank heaven for little grills.”

And don’t forget the sign at a Chicago Radiator Shop:
“Best place in town to take a leak.”

So what did you discover? If you’re anything like me, and I know I am, you enjoyed most of the signs and you were probably more likely to want to do business with the company based on their sign. Why?

It made you laugh. It made you feel better about yourself and in return, it made you feel better about the person responsible for making you laugh, the person who created the sign.

It’s not your fault. Liking people who enhance your mood is one of the most powerful laws of likeability. It’s virtually impossible to dislike someone who makes you feel good about yourself.
Lesson

You don’t have to be funny to be responsible for making people laugh.

1. Place a funny saying on your business card.
2. Add a funny quote in your signature file.
3. Make a funny sign and hang in on your door.

You can do this. Take a few minutes to think about how you can enhance the mood of the people you serve with a simple sign. They’ll be compelled to like you and want to do business with you, just like you were compelled to like and want to do business with the business owners above.

Be creative. Be different. Be funny. Your customers want to be seen with and associate with funny, creative people. Be that person and do it with a sign.

Learn how to make people like you from Bob Sommers, the likeability guy. Sign-up up for his free likeability e-class and take a likeability test.

[tags]likeability, likability, likeability guy, likability guy, laughter, humor[/tags]




Going the Extra Mile for Your Customers

Thursday 11 June 2009 @ 7:23 pm

Going the extra mile for your customers requires you to offer something extraordinary to them that they did not expect from you. This definitely gives you more business. If you want to achieve your goals in business, putting one hundred percent of your capacity is not enough. You have to perform little extra to outperform others.

What distinguishes successful people from others? Most people do what they want to do. On the other hand, successful people do what is needed to accomplish the goals.

Do It with a Smile

When you enter a store to buy something, you find the employees with sad faces, without showing any desire to attend to you. How would you react? Chances are you would leave without buying a single item. On the contrary, smiling faces with zeal and innate desire to attend to the customer makes environment conducive for buying. If a customer does not feel that shopping in your store is a pleasant experience, they will leave and go to your competitor.

Same rules apply to the online business too. Put an extra effort while designing your website. Make procedure for taking orders very easy. Customers are happy with as minimum the number of clicks as possible, to get information about your product or service. Statistics show that customers should make no more than two clicks to be able to make an online purchase.

In online businesses, visitors to your website expect free information. Make your website user friendly. This makes you more credible and reliable. Nothing can impress potential customer more than free and forthright information.

Delivery

Delivery also needs to be very fast. Customers should be able to receive the products without any delay, after making payments. Offer the option of how he would like the product to be shipped. Surprise your customer by delivering their product faster than advertised. As an example, if you advertise that the customer will receive the product within ten business days, make sure they receive it well within five business days. This will create an incredible amount of goodwill with the customer and they will be more apt to purchase from you in the future.

A complaining customer is an opportunity, if you wish to go that extra mile. Attend to him with a smile on your face. Solve his problems at the earliest possible. Thank him for bringing the complaint to you.

This converts an unsatisfied customer into a person who has faith in you. His word of mouth praise may bring in many potential customers.

Dr. Richard M. Krawczyk is an author, public speaker and a leading direct response
marketing expert who immediatelly
improves your online and offline marketing performance
at http://www.MarketingZap.com.

[tags]dr richard m krawczyk, direct response marketing expert, customer service, smile, effort[/tags]




Handling Difficult Customers is an Opportunity

Thursday 11 June 2009 @ 7:18 pm

Plan your strategy to handle difficult customers with this sentence in your mind. There is no such thing as a difficult customer. If you start in this way, handling difficult customers will not be any more difficult for you.

On most occasions, a customer becomes difficult only because of our mistakes. Either something wrong has gone with our product or service, or the product or service is not up to the mark to meet his expectations. Late delivery of the product or the delivery of wrong product may also make a customer difficult to handle.

Win an Argument: Loose a Customer

The first and foremost thing to remember while handling difficult customers is that you can never win an argument. Argument leaves both the sides drained and the subsequent atmosphere is rarely conducive to selling or good communication. Even if you win an argument, you lose possibly one of your best customers. An argument challenges the customer’s emotional judgment. It becomes very difficult to change his opinion once you challenge this judgment.

A difficult customer who has come with a complaint is, in fact, an opportunity to demonstrate the high standards of professionalism of your company. The best way is to listen to him. Do not try to calm him down. Instead, try to keep yourself cool. Ensure that your body language or telephone reaction is not conveying anger or shock.

Do not interrupt, and let him vent out his feelings first. Once he finishes, start by asking questions that demonstrate your real interest in solving his problem. Complaints are unavoidable in any kind of business. How you handle the complaining, will dictate the course of your future relationship with the customer.

You will be surprised how much goodwill and positive publicity can be created by giving excellent customer service. The customer will tell their close friends about the enjoyable experience with your company and word will spread fast.

By providing excellent customer service, the customer is more apt to order future products and services in the future. However, a bad experience with your company will easily dissuade from doing business with your company any time in the future.

Although you may lose an initial sale, you must always look at the big picture of the lifetime value of a customer.

Finally, you must thank the customer for bringing the complaint to you, because a customer always has the choice of switching over elsewhere. Providing excellent customer can be a wonderful foundation for your marketing and branding efforts.

Dr. Richard M. Krawczyk is an author, public speaker and a leading direct response
marketing expert who immediatelly
improves your online and offline marketing performance
at http://www.MarketingZap.com.

[tags]dr richard m krawczyk, direct response marketing expert, customers, customer service, complaint[/tags]




Customer Acquisition and Education

Wednesday 3 June 2009 @ 8:55 pm

The average business spends hundreds of thousands of dollars in marketing and advertising to build goodwill and develop loyal customers. The cost of acquiring a customer or a prospect is enormous. Most business people don’t realize it but they are in the customer and prospect generating business. That’s the goal of all marketing. Don’t ever forget it!

A business spends its marketing dollars to reach a vast audience and they only do business with a fraction of this audience. In conventional marketing, this is taken for granted.

But what if you could eliminate a lot of the expense of ‘prospecting’ and only spend your time and money on people who are ready to buy? Conversely, what if you could recoup the investment you’ve made on past prospects whom you couldn’t convert into customers - money you have written off as a ‘cost of advertising’?

Furthermore, what if you could do all of this with very little effort? When you advertise and market you pay to get people you don’t sell to. For instance, let’s say you do a direct-mail, lead-generation campaign.

The mailing costs you $1,000 per thousand. If you do well, you’ll get 10% response. That’s great. You’ve got 100 people as a result. Now, each one of those prospects has cost you $10 to bring in.

If you are good, you will convert 10%. But that means you didn’t convert 90% of your prospects! So you have got $900 ‘wasted’ on those prospects and that cost takes away
from your profits.

What if you could eliminate a lot of the expense of ‘prospecting’ and only spend your time and money on people who are ready to buy?

This concept has application for every business but is grossly underutilized. Properly employed this idea can rapidly grow your enterprise at little cost to you.

When You Educate Your Customers, You’ll See Your Profits Soar. Think about yourself. When you buy or consider buying any item or service - for yourself, your home, your family, as a gift or for your business - you often don’t know as much as you would like about the item.

If you have unanswered questions about a product you’re less likely to shell out the money to buy it. When a company or salesman takes the time and initiative to objectively educate you on all the products in the field you’re considering making a purchase, it gains your trust and favor.

Education is a powerful marketing technique. Educate your prospective buyer about every-thing (including a few of the bad or less positive aspects of your product or service) and you’ll sell to almost twice as many people as you do now.

This one concept educating your customers will gain you an inordinate advantage over your competitors.

Nicole Morgan offers expert advice regarding all aspects concerning Business Marketing and Self Improvement Advice by world greatest gurus

Discover The Guaranteed Proven Way to Grow Business and Self Improvement

[tags]Napoleon Hill,Great Philosopher,Napoleon Practical Philosophy,Henry Ford,Thomas Edison[/tags]




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