The secret to increasing sales is simply to increase the marketing of your products and services. Or is it? There's one other critical part of the puzzle that needs to be addressed in order to grow a business. Without this, all the marketing in the world won't help.Marketing done correctly with channels like direct mail (using postcards as an example) can equal more leads and prospects. However, all the leads in the world won't necessarily equate to hefty sales and profit increases without the ability to sell. Therefore, the ability to sell yourself, your services, and your products becomes the second important piece of the puzzle. Some have attached a stigma to selling with the image of a pushy used car salesman, but there's no need for slime or hype if you have a great product and service to sell. There's a five-step business life-cycle and ecosystem you need to adhere to in order to have a truly successful, growing company. Step 1. Marketing to bring in leads and prospects. Step 2. Selling by making the case why your solution is the best option for the prospect. Step 3. Systems and processes to consistently deliver an excellent product and service. Step 4. Delivering great results to encourage referrals. Step 5. Delivering great customer experience with your business to build client retention and repeat business. Failure at any step will result in stagnation or decline in your business. Marketing must be done in order to bring in a consistent flow of qualified leads and prospects. However, step two (making the sale) can't be overlooked. Being enthusiastic and showing passion for what you do and what you provide can go a long way in covering up any shortcomings. A sale is made when a prospect gets to know you, likes you, and trusts you. There are four factors that can help you go beyond enthusiasm and passion in making your case toward a successful selling situation. Factor 1: You need to establish rapport. Establishing rapport requires genuinely caring about your prospect. The more you learn about the prospect, the greater the likelihood you'll be able to find a common area to create a bond. Factor 2: Find out what your prospect really wants from what you provide. This requires knowing what questions to ask in order to learn their reason for wanting your service. Top salespeople know that sometimes what a prospect wants isn't what they really need. Don't just tell them, but show them how your solution delivers what they really want and need. Factor 3: Prove to them the value you provide. To do this, you must know what differentiates you and your company from the competition. Every prospect wants the least expensive solution, when all things are equal. Differentiation by showing massive value tilts the playing field in your favor because all things will not be equal when you're the one showing the most value. Prospects find a way to pay when they see the value clearly. Factor 4: Ask for the sale. Most salespeople and even business owners either forget to ask for the sale or are simply too frightened to do so. If you deliver results and believe in what you provide, it's your obligation to ask for the sale. Don't assume the prospect will buy if you don't ask for the sale. Marketing and sales go hand in hand. One without the other makes growing a business difficult if not impossible. These two are like the oxygen and air that your business needs to thrive. Remember this business ecosystem and work on continually improving on the four selling factors in order to always have a growing, healthy business. |
Wednesday, October 30, 2013
Marketing Is Just the First Step
Friday, October 25, 2013
Beating Your Competitors Using Non-Conventional Marketing Tactics
If you're a small business, you have a noise problem. There are so many ads out there that your potential customers just block them all out. This means that most marketing campaigns are just a visual form of white noise that people instinctively ignore. So your have to find a way to stand out and seize the attention of a jaded audience. Unconventional marketing is not a choice; you have to be different if you want to beat your competitors.
Larger corporations have massive advertising budgets that allow them to flood the media and Internet. You don't have that luxury, but you do have another advantage. You may have a smaller target customer base, but you also have a closer connection to them. You know what your customers want and what is important to them. That knowledge is something larger corporation spend thousands of dollars trying to get. Your familiarity with your community must be the basis of any marketing push you do. The purpose of an unconventional marketing strategy is to seize the attention of your potential customers through surprise. But if your campaign annoys instead of pleasantly surprises, it will drive potential customers away. That's why using your knowledge of your community is so vital when building your campaign. Another thing you should avoid is letting the ad overwhelm your brand. It's really easy to come up with a memorable ad, execute it well, and then have customers remember the ad but not the company that created it. Advertising works best when there's a clear connection between the content of the ad and the product you're trying to sell. This way, the content of the ad increases your brand's value. With those warnings in mind, you should know that there are no standard unconventional marketing strategies; if something is standard, it's not unconventional. But there are some strategies that are a good starting point toward building an unconventional marketing plan. For example, take advantage of local landmarks. Local landmarks are a great place to advertise because people see them every day. One way to really stand out is to use these natural focal points to get your brand's message out. A great example of this is Alteco Super Glue. On a large bridge that had 155,000 cars pass over it daily, Alteco attached a large replica of one of its super glue tubes to one of the steel cable supports. This emphasized the strength of the glue, and the display received a lot of positive attention from the local media. The key to doing this right is to ensure that the ad doesn't offend your potential customers. As a result, it may be wise to avoid landmarks that have significant cultural or local meaning. Going against convention is good. But it's not enough to be unique; you must always remember to build a relationship with potential customers with every ad you create. |
Tuesday, October 22, 2013
5 Words That Can Change Your Business
Behind the scenes of your business, you make products or deliver services. But on the front lines, where interactions with customers occur, you have to deliver more than that in order to have a dynamically growing company. You must deliver a promise and hope.The promise revolves around the benefits your actual products and services deliver. The hope is what can set your business apart from all the other companies that promise to deliver the same things you do. People want to believe in your company and what you can deliver, but many have become jaded due to the culture of over-promising and under-delivering that is all too common in the marketplace. To get past this wall of skepticism, you have to deliver more. Companies like Coca-Cola, Apple, Starbucks, and Disney World took off when they figured out they were selling much more than a soft drink, computer, coffee, and theme park rides. These businesses understood that in order to stand apart from their competitors, they had to tell their brand stories in a way that resonates with customers. Coca-Cola sells refreshment, happiness, and harmony. Apple sells a delightful user experience to consumers in a hip, cool way. Starbucks sells the "third place experience" -- a place to get away outside our home and business. Disney World sells memories that last a lifetime. The common theme among the great brands of the world is that they have found a way to transcend beyond their products by asking this simple, yet powerful five-word question: What are we really selling? People aren't really interested in what you sell, but they may be very interested in the benefits you can deliver. These benefits in turn must be told in a way that attracts and connects with your target audience. How You Can Apply This in Your Business? You're probably thinking to yourself that this may do wonders for big brands, but how does it apply to my small business?
Take these five words: "What are we really selling?" Print them out and put them in a prominent place you can see every day. Your answer to the question will form the core around which your business and your marketing should revolve. Answer this five-word question in a way that exceeds the experiences your target market is seeking, and you'll see your business grow like magic. |
Monday, October 14, 2013
How Success Breeds Confidence
Tuesday, October 8, 2013
Does Your Business Have Religion?
Tom Watson, Sr., the legendary leader of IBM, reportedly said that in order for a company to become truly great, it needs religion.
The kind of religion Watson was referring to is the idea that a great company needs to have core beliefs. It needs to have a unifying message that all employees adhere to. Some refer to this as a vision and mission statement for the company. Why is this important? When you clearly state what you and your company are all about, you're announcing to the marketplace what you consider important and what people should expect from you. This can have a powerful effect. When you clearly stand for something, you often stand apart in a competitive marketplace. When you make your core belief something unique, your company will be seen as extraordinary in a world of copycat dullness. Your Credo Credo is Latin for "I believe." A strong credo not only unifies everyone in the company but also helps attract like-minded customers who want to be a part of an extraordinary company experience. A credo should be more than flowery statements, which are only meant to go on the company plaque and the back of your business cards. A true credo should state your most strongly held beliefs and core values. It should be the North Star that guides your company's focus and direction. If you don't have a credo or vision statement for your company, it's time to create one. If you have an old one that no one in the company can recall, it's time to revisit it and create a memorable one. Don't be afraid to share with the world -- with clarity and boldness -- exactly what you believe in and what you focus on. Much like the original IBM, which went from 1,300 employees and $4.5 million in sales to over 72,500 employees and $897 million in sales at the time of Watson's death, having a company religion and sharing it openly with the world can help skyrocket your business, too. |
Wednesday, October 2, 2013
Online and Print: Like Peanut Butter and Jelly?
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