How to increase business sales?

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Hello everyone,

Please suggest some marketing techniques which helps to easily increase the business sales without wasting too much of time.
Thank you
#business #increase #sales
  • Profile picture of the author serpyre
    Originally Posted by James Gordon View Post

    Hello everyone,

    Please suggest some marketing techniques which helps to easily increase the business sales without wasting too much of time.
    Thank you
    Simple you need to have the same efficiency as corporates such as Amazon at 1,100% rather than small business which is 0-200%. The main problem is that there is no small business technology that is affordable - so you just need to do it the hard way!

    We use a special platform from third party multi-national consultants which is designed for 700-1,000% - but they did implement for companies like L'Oreal & Renault, however it costs $6,250/mth (although we get it funded by a vc) - modules are $1,250/mth such as automated onboarding with master data management. The same functionality (Heiler) costs $100,000 to implement plus running costs.

    A perfect example, we introduced a $14mil revenue company we were working with to the consultants and were looking at it. They would save $100,000-$200,000 per year in employee costs based on $51,000/yr average salary (actually it's double due to costs but anyway) - it would have provided 300-500% efficiency gains for them (lower efficiency company). Data entry could be outsourced offshore at $5/hr - so $1,000/10,000products via manual entry in to Excel (no input files available) instead of $25/hr+ for onshore - the data being auto mapped, cleansed, enriched and stored in a high efficiency product manager - then auto loaded to the commerce platform (Magento in this case).

    Their primary competitors have 800% efficiency, they had 250%, so what did they decide to to, take the principles and try and built it themselves - that is a company whose revenue will be squeezed by the larger companies as they encroach into the SME markets with higher efficiency and lower margins. The same process applies to marketing or any other part of the business revenue stream - standard marketing is 8% of revenue - Amazon is half that!

    So the next level of automation tools are $50-$100/mth, they will produce up to 100-200% efficiency gains - but there's a problem. For every mistake you make at the SME level - it has an oversized negative affect on efficiency - meaning most who implement them do not do it on clean installs constantly adjusting the solutions - it negates any efficiency gains! It's as simple as that.

    Amazon marketing is 4% of revenue at 30% gross profit margin, the simple answer is use this breakdown and don't think - at least you will get close to the 200%
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  • Profile picture of the author Dukulal
    WhT nonsense post is this serpyre posting everywhere.
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  • Profile picture of the author serpyre
    So let's see - must be a service provider (http://www.warriorforum.com/pay-per-...ml#post9578880) or an established retailer (http://www.warriorforum.com/search-e...ml#post9553084). Right - see it's the latter - yes that never goes down very well.
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  • Profile picture of the author kjamesnv
    For what its worth, I never understand Serpyre's posts either.

    James- tell us about your business. How are you marketing now? Are you having any success?
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    • Profile picture of the author serpyre
      Originally Posted by kjamesnv View Post

      For what its worth, I never understand Serpyre's posts either.
      Yes, that is normal, it simply comes down to efficiency.

      You have different sizes of business categorisation as defined by various government bodies and companies such as Gartner & Forrester.
      Large Enterprise >$70mil revenue
      Medium Enterprise $14-70mil revenue
      Small Enterprise $3-14mil revenue
      Micro Enterprise $200,000-$3mil revenue
      Nano Enterprise <$200,000 revenue

      The majority of the people on the forums will understand most of the business revenue stream at Nano Enterprise, a handful Micro Enterprise, and have come across a couple Small Enterprise in the past 12mths. Now our situation is rather unique due to the structure we are involved with as below, but spending the past year in the Nano (0-50% automation efficiency) & Micro (100-200% automation efficiency) markets - hence our involvement here.

      Enterprise Architects : Large Enterprise : $100s million projects : $10s to $100s billions companies : 700-1,000% efficiency
      Implementation Consultants : Medium Enterprise : $millions to $10s millions projects : $100s millions to $billions companies : 500-800% efficiency
      Ourselves : Small & Lower Medium Enterprise : $100s thousands to $millions projects : $millions to $10s millions companies : 200-500% efficiency
      Venture Fund : all sizes of enterprise : all sizes of projects : $millions to $billions companies : 0-10,000s % efficiency

      The smallest project, technically it is an architecture based around Magento CE, we have worked on is $1-2million designed for 950% efficiency. The largest handful of Magento EE installations as confirmed by @benmarks of eBay is $2-5mil - the reference sites on Magento.com are 300-500% efficiency. We have been doing some ad-hoc work with a small business who have ~250% efficiency to move them in to 300-500% so that they could have a chance against their corporate competitors with 800% efficiency - they capitulated thinking they have a few years to work it out.

      What we did not anticipate is the huge barrier that a small business must go through to break in to the lower mid-market levels. It has simply come to the fact after 9-12mths working at the small business levels, it is more efficient for us pursue other business and personal interests retracing our steps back to our heritage of Small/Medium Enterprise (~$3-30mil), which run at higher efficiency, while the small businesses work out for themselves how to break through that barrier instead of us explaining how to do it.

      The problem for startups and established retailers is that most corporates run at 700-1,000% efficiency (Amazon is 1,100%, Google 2,000%). As these companies seek revenue they will squeeze the small businesses (Panda, 30% margins), leaving only niche markets open - something the corporates are not very good at. The downside to niche is that it is 1:1 due to it being customer service and knowledge driven - that means downsizing. That causes confusion. Confusion breeds contempt.

      It is the same for the services providers, however they will be forced to diversify from their 1-2% of revenue stream knowledge to have more overall knowledge. For both sides it is a tough journey as climbing the mountain for the first time is painful, many won’t succeed being forced back down for a multitude of reasons.

      For ourselves it is a case of retracing up through the structure – Micro Enterprise is not our thing so thought it would be beneficial for others to retrace our experience instead of going solo with all the associated risk – that was our mistake. So the colloquial comments about gobbledegook are correct – when looking at them from a Nano & Micro Enterprise perspective.

      How does this all come back to marketing - very simple, marketing is between 4-8% of the business revenue stream, there is another 92-96% to go. Everything has to match, you can reduce your marketing workload by 200% following standard breakdowns of sales channels - but Google are running at 2,000%. The more you 'tweak' the more you will reduce your efficiency - this runs contrary to a service providers goals and the way an established business did it. By default it will push the site in to the niche bracket - most will capitulate before they get there - the corporates rely on that fact.

      One thing to remember, when the corporates squeeze – they don’t play nice and they don’t mess around – their efficiency allows them to squeeze 10x faster than a small business can react – 20x in the case of Google - causing panic which leads to mistakes which leads to capitulation. As Trump says – it's business – nothing personal.
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  • The only way to run a viable business is to generate income; without it the business will cease to exist! This is why having a clear sales strategy is key to the success of any business.


    Many great innovators can struggle to get their business ideas off the ground because they fail to reach their intended markets. Similarly, many businesses that work in highly competitive markets can gain an edge by engaging new customers through a robust and imaginative sales strategy.
    Whether you operate in a crowded marketplace or provide niche products and services you will always need to generate income through sales activities. Often the businesses that see the highest growth, even in difficult market conditions, are those that really focus on and nurture a strong sales culture.
    How can I increase my sales performance?
    Many businesses with strong sales performance can attribute their success to a complementary and evenly balanced relationship between the sales and marketing functions. Marketing talks to your prospective customer base; the sales team turn that prospective customer into a key account.
    It is important to cultivate a sales culture throughout the business. All members of the team, including those that aren’t actively involved in the sales process, should be sales savvy, to ensure that all potential opportunities are maximised.
    Signature
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  • Profile picture of the author Loridori4
    Originally Posted by James Gordon View Post

    Hello everyone,

    Please suggest some marketing techniques which helps to easily increase the business sales without wasting too much of time.
    Thank you
    Hi James, I own A makeup biz, and I always have an increase in sales when I ....
    Offer a coupon
    Run a BOGO sale
    Offer cash back
    Run a contest

    If you want me to go into detail, please pm me. I'd be happy to hop on skype with you and show you what I'm doing.
    Signature

    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    Lorraine Pierce, CEO & Founder
    LA Minerals

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    • I really like Lori's suggestions. Those are great strategies to try out!

      I'd also recommend doing some social media marketing. It's not an overnight fix - takes some time to build a brand personality online. But, little by little, it is really effective. Where you post is entirely up to you, but I happen to find the following social media channels useful :

      Pinterest - Great for fashion, jewelry, beauty, home ware. Curalate released a report a couple months back on Neiman Marcus, and how they were able to use Pinterest to encourage follow-through with purchase by creating Pinterest exclusive discounts (i.e. your Pinterest followers would get X% off an item if they pin it to their boards). Pinning activity increased by 32% and they gained 3,000 new followers.

      Instagram - Again, good for products that rely on visual appeal. People love seeing "behind-the-scenes" posts here, so regardless of what you sell, you can produce engaging material of your team (or just you!). There's new software that allows Instagram followers to purchase directly through Instagram called Like2Buy. Right now, just major retailers like Target and Nordstrom have access to it...but I have the feeling that we aren't far off from developers making it available for smaller retailers.

      Vine - Video marketing is becoming increasingly effective, and Vine is where consumers are looking. Vine videos get shared 400% more than traditional video content, with over 100 million people watching vines each month. There's really no brand limit to who can be effective on here...consumers love a behind-the-scenes look, sneak peaks on what's coming up, tutorials and how-to's, etc. If you want an example of how to do "how to's" effectively, Lowes is fantastic at this. They've taken their line of products, which aren't as exciting or sexy as other merchandise, and made clever videos that get a lot of attention.

      If you don't want to spend all day scrolling through your social channels, tools like Hootsuite are really useful. You can schedule posts to go out ahead of time, and see running tabs of your social media sites from one screen.

      I wish you the best of luck. Growing a business takes hard work and patience, but you have a great community here who will surely help out with advice when they can!

      Tiana
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  • Profile picture of the author flesterking
    Try out outsourcing your SEO work for the site. That would be more useful in bringinng you traffic and sales.
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  • Profile picture of the author socialentry
    Serpyre, how do you calculate efficiency? I understood your post except that efficiency part.
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    • Profile picture of the author serpyre
      Originally Posted by socialentry View Post

      Serpyre, how do you calculate efficiency? I understood your post except that efficiency part.
      Enterprise consultants, it's the same as asking Gartner how they calculate their magic quadrant. Along the lines of a combination of quantitative, qualitative, revenue, industry, margins, employees, technology.
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  • Profile picture of the author DWaters
    If your business is selling physical products you may want to consider Amazon's FBA model. It is simple to try on a small basis to see if it works for you.

    Essentially you would have a portion of your inventory at an Amazon warehouse, you are listed on their site and when the customer orders Amazon than ships the product and takes care of all customer service issues. Amazon than pays you. They charge modest fees but you get your products exposed to their HUGE amount of buyer traffic. Just an idea you might want to look into.
    Signature
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  • Profile picture of the author kjamesnv
    Serpyre, can you cite any sources for these efficiency statistics?
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    • Profile picture of the author serpyre
      Originally Posted by kjamesnv View Post

      Serpyre, can you cite any sources for these efficiency statistics?
      We presume you drive a car, are you able to to cite the details of the aerodynamics of a Mercedes AMG Petronas F1 car - they both have engines after all!
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      • Profile picture of the author kjamesnv
        Originally Posted by serpyre View Post

        We presume you drive a car, are you able to to cite the details of the aerodynamics of a Mercedes AMG Petronas F1 car - they both have engines after all!
        Serpyre, I am not making any claims or citing statistics. You are.

        Can you provide any sources for these statistics? If not, then how do we know whether they are legitimate or just made up numbers?

        I have never seen these efficiency statistics before (like Amazon has 1100% efficiency) so I am curious what your source is.
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        • Profile picture of the author serpyre
          Originally Posted by kjamesnv View Post

          I am not making any claims or citing statistics. You are.

          Can you provide any sources for these statistics? If not, then how do we know whether they are legitimate or just made up numbers?

          I have never seen these efficiency statistics before (like Amazon has 1100% efficiency) so I am curious what your source is.
          We know the team mechanics (Medium Enterprise) and via via the principle (Large Enterprise) and via via the manufacturer (Venture Fund). People don't need to believe them - at Nano and Micro Enterprise it is virtually impossible that they will - however they are details that will become clear in a year or two - just like in F1 - they developed the F1 paddle and now it's in mass production cars. It works from the top down.

          The problem now is that people want the details, but they are presuming that they understand F1 aerodynamics or the eCommerce equivalent - Amazon Valuations Remain Beyond Lofty - Forbes - if they try and read in to it they will instantly be lost wanting more details to rationalise the context - for that they need years of experience at F1 level or the eCommerce equivalent.

          So they can trust the figures - or as is normally the case ignore/distrust them - however their context will be understood in 1-2yrs by Nano and Micro Enterprise as the corporates put the squeeze on. We have found as you go 'down' the the business levels they become less trusting - primarily due to the inefficiency - so they want, no need, a 'guarantee' of validity - but they don't understand the information and context in the first place which causes the lack of trust - it's an 'oxymoron'. One thing we are not going to do is explain them - tried that and it's a waste of time - people need to research it themselves and come to their own conclusions - "while the small businesses work out for themselves how to break through that barrier instead of us explaining how to do it.".
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          • Profile picture of the author kjamesnv
            Serpyre, most of your posts are long, rambling and incoherent. You often cite "statistics" that appear to bogus and when pressed you refuse to provide any sources.

            Maybe others find value in your posts but I don't. I don't think you have ever provided anything of value to this forum.

            If anyone disagrees with me, PLEASE speak up and give a single example where Serpyre had something useful to say.

            I think Serpyre's only objective here is to build back links for his SEO business.

            The administrators of this site should review Serpyre's posts and consider banning him.
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            • Profile picture of the author serpyre
              Originally Posted by kjamesnv View Post

              Serpyre, most of your posts are long, rambling and incoherent. You often cite "statistics" that appear to bogus and when pressed you refuse to provide any sources.

              Maybe others find value in your posts but I don't. I don't think you have ever provided anything of value to this forum.

              If anyone disagrees with me PLEASE speak up and give a single example where Serpyre had something useful to say.

              I think Serpyre's only objective here is to build back links for his SEO business.

              The administrators of this site should review Serpyre's posts and consider banning him.
              The absolute perfect example of a Nano or Micro Enterprise mind - back linking to a Forbes article - "if they try and read in to it they will instantly be lost". Funny mindset small business has - which is why we're off back to Small/Medium Enterprise where our heritage is.
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              • Profile picture of the author kjamesnv
                Originally Posted by serpyre View Post

                The absolute perfect example of a Nano or Micro Enterprise mind - back linking to a Forbes article - "if they try and read in to it they will instantly be lost". Funny mindset small business has - which is why we're off back to Small/Medium Enterprise where our heritage is.
                No. Actually its a perfect example of you making another absurd post and providing absolutely no value to this forum.

                And just because you included a link to an irrelevant Forbes article that doesn't change anything.

                Your only apparent reason for posting here is to build back links to your SEO site. You should be banned ASAP.
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                • Profile picture of the author serpyre
                  Originally Posted by kjamesnv View Post

                  No. Actually its a perfect example of you making another absurd post and providing absolutely no value to this forum.

                  And just because you included a link to an irrelevant Forbes article that doesn't change anything.

                  Your only apparent reason for posting here is to build back links to your SEO site. You should be banned ASAP.
                  Right, so you expect us to sell seo or ppc or any other service which covers 1-2% of a business revenue stream at some stupidly absurd rate of $40-50/hr generating 100-200% small business efficiency having to work 40hrs per week - when instead we can pass it all off to "F1 Mechanics" who generate 20-30visitors per $1 on enterprise grade clusters with 500-800% efficiency which reduces our effort to a few hours. Where 6mths ago we introduced a company who came to us (the only small business we have ever dealt with - $14mil revenue) to them with 250% efficiency and they just kicked them off the hosting as the retailer was growing too slowly!

                  You are out of your small business mind!
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  • Profile picture of the author kjamesnv
    PLEASE ban serpyre. His posts are gibberish and incoherent.

    He is a complete waste of time. And sadly he confuses honest people coming to this forum for help.
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    • Profile picture of the author serpyre
      Originally Posted by kjamesnv View Post

      PLEASE ban serpyre. His posts are gibberish and incoherent.

      He is a complete waste of time. And sadly he confuses honest people coming to this forum for help.
      Right, all makes sense now. See from your posts that you are an existing Magento retailer that did it the hard way, however given that every post of yours about hosting mentions Nexcess.

      So when an existing retailer does it this way - http://bpastudio.csudh.edu/fac/lpres...s/image002.gif - and people with Small/Medium Enterprise (our effective rates were $50-125/hr - 200-500% efficiency - Small Enterprise - before we left being a service provider in 2013) can explain how to fasttrack a Magento install - http://www.warriorforum.com/search-engine-optimization/998051-big-websites-pagerank.html#post9554157 with no effort on our part - all based on OCEP - but providing the exact same results by using this method - http://zone.ni.com/images/reference/...ithm_fit_1.gif.

      Yes, that never does go down very well. More than happy to explain it to any startups should they want to fasttrack the whole process to rapid 200% efficiency - takes about 2-3wks of your time to live with Magento CE - no service providers needed as it's business not tech focused. Established retailers and service providers seem have a turn at the mention of this - and for good reason.

      Perhaps a closed LinkedIn group would work - open source all the way - will have chat with some consultants and see if we can get some gratis tech for it. We are moving away from 200-500% towards 500-800% efficiency ranges (effective $125-200/hr - Medium Enterprise) - so have no commercial interest in Nano/Micro Enterprise.

      Excellent, thanks for the idea - be fun to kickstart some startups.
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