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A Common - Yet Easily Avoidable - Marketing Mistake
By Kathleen Gage
December is a month in which many organizations make plans for
the
coming year. Now is a great time for you to look at your marketing
systems
for attracting and retaining customers.
Although front end systems such as advertising, public
relations,
press releases, direct mail, sales letters and promotional items
are
important, equally as important are what you and your staff do
after
you gain new customers. It never ceases to amaze me how
companies
will invest money in campaigns to gain new customers yet have no
system to build and maintain those relationships they were so
eager
to attract in the first place. Having a system in place to keep
your
name in front of existing and potential clients is a very
important
part of a great marketing campaign. Additionally, having
programs in
place that make it easy for people to do business with you is
essential to the health of your bottom line.
Any company that depends on repeat business absolutely must have
a
good customer retention system in place in order to thrive in
today's competitive environment. Time and again I have seen this
as the primary area of businesses where companies don't succeed
at
the level they are capable of - especially in small businesses.
The
thinking with many people is, "If they want my services, they
know where to find me." While a potential customer is looking
for
you, your competition's marketing systems may find them first!
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As an example, a pet store offering grooming services could
increase
revenues by having a reminder system in place to notify the
customer
when their dog is due for grooming or to let them know when a
new
product arrives. They may also consider using a punch card that
gives
the customer a free grooming service after a predetermined
amount of
visits have been made. Many pet owners view their animals as
family
members and will be more likely to do business with you when
they
believe you care about their pets just as much as they do.
What would your profit margin be if you were able to turn the
occasional customer into a frequent customer? Customers who
regularly
visit your business would also be more likely to refer you to
their
friends and associates. Remember that frequency is determined by
your
particular industry or service. A grocery store may consider
twice-
weekly visits a good frequency, whereas a dry cleaner may only
be
monthly.
Changing customers from being a one or two item purchaser to
purchasing several products can increase your bottom line
tremendously. With a bit of vision and creativity, one basic
service
can open several opportunities. Most businesses can take their
basic
product or service and expand into other offerings. What are
your
current offerings? Are there other products and services you
could
develop that are consistent with your market and your company
vision?
This is where you can create an incredible backend list of
possibilities. Once you think about other offerings, what are
some
new avenues you could open? Is it possible to partner with other
companies where you could offer each other's products and
services?
Here are some possibilities:
- Car dealerships offering a year's worth of car washes or oil
changes at a discount
- Hair salons who sell facials or nail services
- Pet shops selling grooming services
- Restaurants who provide recipe books
- Chiropractors and Massage Therapists who promote their
services
As you plan for the coming year, include methods for keeping in
touch, developing a list of companies you can partner with and
increasing strategies for gaining and maintaining
top-of-the-mind
awareness for your customers.
***
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Marketing is about timing. Just because you contact a client
today
does not mean they are in the market to buy today. However, if
you
keep in regular contact with them, when they are ready to
purchase,
there is a good chance you will be the one they call.
Today's customers are busy. New choices are thrown at them every
day. Keep your name on the top of their list by consistently
reminding them of their great experiences with your company.
Great
marketing systems will help you gain and retain customers.
Do you want to gain massive visibility within your market?
Kathleen
Gage can help you do just that. As a published author, keynote
speaker and top rated business advisor, Kathleen Gage teaches
strategies that give high impact and high return. Sign up for
Gage's FR*EE Report "Learn How a Salt Lake City base
consultant made over $100,000 from one idea" at
www.kathleengage.com
***
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BUSINESSMATE EZINE is published and edited by
Jess Guim, MCSE.
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