1. STOP DOING THE
ONE-STEP: 95% of the advertising used by small business owners
is based on the One-Step strategy.
The marketing piece tries to
sell the product or service in one, quick and easy step. There may be a
description of the product or service, with a few bulleted features. Often
there are a few bursts about how long they've been in business, how many
awards they've won, etc. They may include a picture of the owner. At the
bottom of the ad, flyer, e-mail or letter is a phone number with the line
'call for more information.'
Few people respond to these types of
One-Step ads. They are huge money wasters. If you're doing the one-step,
you already know they don't work -- stop using them immediately.
2. DO THE TWO-STEP: People buy things they want
from people they know, like and trust. You can't get people to know, like
and trust you in a One-Step ad.
Instead, use the Two-Step
strategy.
Step One, attract hundreds, even thousands, of prospects
by offering free information. In other words, use your initial marketing
as a lead generator, not a sales generator.
Step Two, build a
Prospect List of follow-up information -- name, address, phone, e-mail,
etc. -- from all of the prospects that responded to your first step, and
follow up with them repeatedly with enticing offers.
It sounds
like a simple idea, and it is. But while it is the most powerful marketing
technique available, few business owners use it.
With just this
one technique we have helped our clients double, triple even quadruple the
size of their businesses.
This simple tactic has helped us grow
our home-based, Internet business from nothing just a little over two
years ago, to nearly $200,000 a year. And it has all been done on a
shoestring budget!
There's no reason why you can't do the same
thing. Maybe your goal isn't to make a hundred thousand a year from your
small business. That's okay. Perhaps you just want to make a few hundred
extra dollars each month. You can use these step-by-step systems to make
any amount you want.
It doesn't matter what kind of business you
have. The simple strategy and systems work for service businesses, product
based businesses, home-based businesses, Internet businesses, even
traditional brick and mortar businesses.
We've put everything you
need to know in a simple, step- by-step format called The Magnetic
Marketing Solution. You don't need to be a marketing or business genius,
to apply any of it. The best thing is, all of the techniques are low-cost,
and many of them are actually free.
You can get more details by
going to:
3. RE-INSTATE PAST CUSTOMERS One of our clients had
lost hundreds of customers over the years. They just stopped coming back.
We helped him write a simple, one-page letter telling his past customers
that he missed serving them and would really like to have them back. He
included an Appreciation Gift Certificate. Within 4 weeks, 20% were coming
back to his business regularly again. It didn't take much -- he just let
them know that their business was important to him.
4. DO A
JOINT VENTURE Team up with someone who has the same types of
customers as you, and do a joint venture. We helped a real estate agent
put on a Home-Buying workshop with a banker, and they both generated new
customers through the effort.
You could do a joint mailing with
another business to share the costs. If you both have a customer list, she
could endorse your products or services to her customers, and you could do
the same for her. You both would gain new customers from each others
lists.
5. FOLLOW UP MULTIPLE TIMES WITH YOUR PROSPECTS
We have had many clients that were throwing away thousands of
dollars a year in sales by simply failing to follow up with their
prospects.
They assumed that if their prospects didn't buy the
first day they called for information, that they weren't worth any more of
their time and effort. What a waste!
We taught one client how to
capture the names and addresses of her prospects who called for
information about her service, and put them into a computer database.
Then every month, she printed labels from her database and sent
all of her prospects a flyer telling them about her latest offers. Her
sales went through the roof!
She learned a powerful lesson about
people. We are not all ready to buy at the same time. Some prospects buy
immediately. Some need to be reminded of your product or service offers
two or three times, and still others may not be ready to buy until you
have followed up with them 8-10 times!
If you give up after the
first contact, you are losing up to 80% of your potential sales. And
you're not just losing the value of their initial sales, but you're also
losing the combined value of their future sales!
We enter every
one of our Prospects into our database -- that's over 70,000 prospects so
far -- and we follow up with them all, several times a month with our free
newsletters. Some of our prospects become customers after just a few
follow-up newsletters, but most buy after receiving 8 or more. If we
didn't follow up over and over again with our prospects, our sales would
be a fraction of what they are.
Don't ever throw away prospect
names and addresses, because they haven't purchased after one or two
follow-ups. When they are ready to become customers, you want to be sure
that you are uppermost in their minds.
6. ATTRACT NEW CUSTOMERS
WITH FREE SAMPLES Free samples are everywhere. When you watch
a preview of a new movie, you're receiving a free sample of that movie.
Imagine Hollywood trying to sell movie tickets without providing us with
those free sample scenes!
A local popcorn vendor gives away small
sample bags of his caramel popcorn at summer festivals -- 60% of the
samplers turn around and get in line to pay for the full size bag!
A dental restoration client of ours was hesitant when we
recommended that he give away a free $100 dental restoration to
prospective dentists. But since we knew that his restorations were
superior to his competitors, we knew that many of those dentists would
switch to his company as their primary restoration supplier, after
sampling his work. He made the offers, and they loved his work. He tripled
his business in 9 months.
These are marketing tactics that any
business can begin to apply immediately. Make a commitment to start
growing your business today, and you may be amazed at where it will be a
year from now.
Reprinted with permission from Joe and Maria Gracia's FREE, Give to Get Marketing Newsletter.
You can subscribe to their newsletter and receive their
complimentary Marketing Idea-Kit by simply visiting their Web site:
http://www.givetogetmarketing.com