23rd Jan 2010, 02:36 PM | #451 |
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WoW! This is an Amazing, Informative & Inspiring Thread! Thank you to all who have contributed I'm going to print it out and put it in a binder. I need to find the time to really dig into it and absorb the information contained in it and study the techniques mentioned. I was recently helping to set up a CRM system for a small biz owner. After looking into Sugar CRM and vTiger (and a few others) I started thinking that this would be a great service to offer to clients for a premium. For example: Help them choose which CRM system would fit their business needs, Install it for them, Help them work it into their business model, Train the staff members how to use it, Keep it updated and running, Offer limited tech support, (still debating this one! LOL) Of course, you can also charge for tech support, Offer ongoing training etc. There are so many options and ways to go about implementing and maintaining just ONE service for your clients. By becoming an expert at just one thing, you can build a nice reputation to be the go-to person for it, which of course means that you will have people calling YOU and you can charge them hefty fees for your knowledge and services. |
23rd Jan 2010, 04:03 PM | #452 | |
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A: One bite at a time! Q: How do you make a million dollars? A: Find a way to make $1...and then repeat it a million times! First step is action, then improving on mistakes, rinse and repeat until successful goal is achieved =) Keep us posted! ~Dexx | |
23rd Jan 2010, 04:43 PM | #453 | |
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Information is very powerful if used properly. The suggestions that you gave the business owner are priceless and would increase his business and allow him to grow while other local florist are shrinking. One suggestion I would make to you would be to offer to do the items that you suggested he do, in exchange for a fee. (An additional $1,000, $1,500, $2,500 etc.) Most businesses owners are struggling just trying to keep their heads above water. And the last thing that they need on their plate is another task. (Even though the task that needs to be completed is crucial to their survival.) If he does not have a lot of money....offer the above services for a smaller fee and free flowers for a year. (Just work out the terms of how many flowers you will get.) I have provided services for a client that was cash strapped and my payment was a very nice car. Now, if I needed the cash, I could turn around and sell the car. Bottom line, don't let the opportunity to make some extra cash from your client slip through your fingers. Just by telling him what to do and understanding that more then likely he won't do anything with the information, you and he would be better served if you offer to do it for him. And of course, he will luv ya for it. My 2 cents worth. Michael | |
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23rd Jan 2010, 05:13 PM | #454 | |
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Restaurant and Retail Marketing: Send Birthday Emails How Do I Send Birthday Messages? :: AWeber Knowledge Base For example: Send reminders of upcoming birthdays based on past orders and encourage early flower orders. You could also send an additional reminder as a "last minute gift idea" with an affiliate link to a site like giftcertificates.com. Teach him the power of having a mailing list. Everyone that orders a recurring date flower order should be sent to a discount page where they can join this list and get a discount next time as well as reminders. | |
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23rd Jan 2010, 05:22 PM | #455 | |
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Jim that is fantastic advice. The power of email marketing for local business is huge. Some of my restaurant clients have turned their businesses around as a result. The birthday messages work great for them (florists also benefit greatly with this). Imagine: A restaurant on average will have up to 1000 (conservative figure) people walking through their doors on a weekly basis. Capture 20% of these customers and funnel them into your clients email list by offering an incentive. After 12 months you should have 10,000 to 12,000 on the list. Imagine if the Restaurant then offers a Free meal to the birthday boy/girl. They will certainly not come alone will they? Oh, and the most profitable merchandise (drink) is not free for anyone. With 10k to 12k on the email list can you see how many birthday gifts you can give out every month? Florists can work the same angle. Email marketing is extremely under utilised by local businesses. Riz
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23rd Jan 2010, 05:27 PM | #456 |
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This is a fantastic thread. I picked up on a comment about not migrating an existing site (that's been indexed on google for awhile) to another platform. However, if a client wants to upgrade their site, and the existing platform is old fashioned and difficult to work with, isn't it a good idea to upgrade? If ALL web pages' URLs are kept exactly the same, wouldn't google still keep them indexed? |
23rd Jan 2010, 07:38 PM | #457 |
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In response to AP's homework assignment: I’d reduce the size of the Yellow Pages ad by 75% ASAP and increase its effectiveness by offering a Special Report with a big, bold headline something like this: “The 7 Most Important Things You Must Know Before You Hire Any (Business Trade)!” Then editorial looking body copy like this: Los Angeles, CA- A FREE Report has just been released that reveals the 7 most important things you need to know before hiring any (business trade). To get your Free copy of this eye-popping Report, go to: Yellow Pages to get your Special Report now. You’ll save money and headaches! Savings: $30,000 – Increase in sales: Estimated at 10% - 15% NO spray & pray marketing. Savings $10,000 Discover lifetime value of each customer and use that number as the basis for their marketing budget. Use on and off page SEO to get website to #1 in the SERP’s for local area. Includes things such as Google Maps, keyword research and title tag for website. Backlinking. Entry to the most important directories and data providers. Send out Press Releases offline and online Increase in new business: Minimum of 25%. Set up an autoresponder database system with monthly newsletter, Special Reports and bi-weekly tips. Create a direct response video and put it on his website as well as upload it to the major video sharing sites. Create a direct mail campaign to reactivate past customers: Offer incentives for them to join the email list. Client to cover the costs. Create a direct mail campaign to mail to current customers: Same, get them to join email list. Client covers costs. Set up customer retention management system: The email marketing system would be part of this but I’d also have them send out Birthday and Christmas cards. Client covers costs. Increase pricing by 10 - 15%. Increase conversions by analyzing their process and implementing new strategies. That’s about as far as I’d go for the $4,997 set-up fee plus $1,497 per month. Increase the set-up fee to $10,000 and $1,997 monthly and I’d add the following services as I see fit: JV’s – Endorsed Mailings, Article Marketing, Mobile Marketing, Adwords management, WordPress blog, create up-sells, continued video marketing campaign, customer appreciation days. |
Last edited on 23rd Jan 2010 at 07:39 PM. Reason: To clairfy the reason for this post | |
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23rd Jan 2010, 07:39 PM | #458 |
The Wandering Businessman War Room Member Join Date: 2008 Location: The Globe
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By far, the most I make monthly is from email marketing. My clients pay $100 a week (or more) to have me write their emails that go to their list. This price is small because each and every week they pull more and more customers into their stores and put dollars into their pockets - much more than I charge them. |
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23rd Jan 2010, 07:56 PM | #459 | |
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23rd Jan 2010, 08:54 PM | #460 |
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You know, not just great advice, not just good info, not just three times as many thanks as posts and not just you're average nice guy... But perhaps more than any of that is your are a a good man with a good heart and you don't just talk the talk, you don't even just walk the walk,! You take life to a whole new level when you give away thousands of dollars of information just to help, not just those you give it to, but the people that will benefit most from so many having a plan that is proven put into play for them, namely the business owners. AND those who are the recipients of AP's generosity and time, God, I hope you take the time and pass it on amongst your circle of IMers that you know without charging them. IT IS NOT ALWAYS ABOUT THE MONEY! You can charge high, because you now are able to deliver 20 times the value of that high charge. THAT is right minded thinking. Take a lesson and pass it on. we CAN change this world... at least our little corner of it and when enough corners change, that my friends is a movement (to borrow a line from Arlo Guthrie ) lol. Let's not get selfish with this info, the man most deserving of any income from selling an info product has given to you freely, do NOT TAKE ADVANTAGE OF THAT. JUST DON'T. Mark |
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23rd Jan 2010, 09:08 PM | #461 |
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This thread has really opened my eyes. I'm making a killing online but I really haven't thought of doing any offline activity. This thread has really motivated me so thanks!
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24th Jan 2010, 06:03 AM | #462 |
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Threads like this one and the one from Vagabond 007 are changing lives here. I work the offline crowd since 2004 - but lately I've been changing gears: testing new approaches (what works for you, might not work for me), testing new systems, and testing a new positioning. This is by far my biggest challenge - I clearly understand this is where the difference lives between ME and my expensive competitors: positioning. That's why I don't want to talk/discuss/elaborate, what services I'm selling - cause that's I've made for 5 years. I just want to focus on positioning. On better positioning, stronger and above my competition. A positioning so strong, that my customers don't need to ask me what is VideoMarketing or SEO and how can they do it at home. |
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24th Jan 2010, 09:53 AM | #463 | |
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And if you cut the ad size by 75% it may not stick out enough to get those emergency calls. So whether or not to cut the YP budget and by how much would depend on the industry. But I'd definitely get some sort of tracking mechanism into their ad before the next edition went out (regardless of size). | |
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24th Jan 2010, 11:48 AM | #464 | |
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I would think the more critical question would be where they are currently ranking for their most profitable keywords. If they are nowhere to be found then an upgrade may be in order. On the other hand if they are currently ranking high then rather than messing with their existing site I would think more along the lines of expanding their virtual real estate. Brian | |
24th Jan 2010, 12:04 PM | #465 | |
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Let's see your plan of action. This is a great exercise for all of us to learn from. | |
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24th Jan 2010, 12:08 PM | #466 | |
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"You can have everything in life you want if you will just help enough other people get what they want." ~ Zig Ziglar | ||
24th Jan 2010, 01:53 PM | #467 |
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As a previous business owner (2 actually) who, up to a couple of years ago, had no clue as to what this was all about I think we need to keep it simple. Market the results and not the TOOLS. Lets not for get the main goals: 30% sales increase and trim the fatty ad budget 1. Increase prices by 15% would equate to $15 per $100 spent. I don't feel that in any of these types of business categories that it will have a negative effect on current business. 2. Create an up sale and/or continuity program that will generate another 10% (I would tell the customer 5%) in sales from current customers. 3. Use current Spray and Pray to aggressively direct market current customer base. Use a discounted offer to claim at least a 20% (400 repeat customers)(again I would lower my quote to the customer to 10%) increase in sales from that 2000 person database. I personally feel this is a conservative figure, especially if the client provides good service. "Mr. Customer, these 3 simple improvements to your business, will increase your business 30% (I'm thinking 45%) right now with out even looking for new customers but by using what you have in hand right now. This doesn't even include the $20 grand you can save with your YP in the future. So now I have shown you how to add an additional 300 thousand to your bottom line and drastically reduce your ad budget, will that be cash or check?" (w/wink and smile) THEN SHUT THE HELL UP *Use any tools you deem necessary to build and increase current data base/sales. i.e. autoresponders, seo, articles, blah, blah, blah......but leave these out of the conversation. As a previous business owner, I want to see where I can get more out of my current efforts without spending any more money or at least what I preceive as spending more money. i.e. advertising etc. We are business marketing consultants not internet marketing worker bees. |
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24th Jan 2010, 02:44 PM | #468 |
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I KNOW this is going to sound snotty but I think we should do this exercise WITHOUT reading what others posted, for obvious reasons. I ignored this thread after AP's assignment post until after I posted my plan. You can bet I'm going to read all of them now. Now I'm pulling my Dan Kennedy, Jeff Paul, Jay Abraham, Maxwell Sackheim, Robert Collier, Lester Wunderman, Ben Suarez and more, books, newsletters etc., off the shelf and seeing what I've forgotten. Here's what I've come up with so far: • Cable TV ads • Set up referral system • Make concern calls • Client of the Month • New client welcome kit Almost everyone of these things are strategies I should have been implementing with my clients but never have, except for referral systems. I forgot to include that in my original plan. I'll add more as I get through the mounds of reading. Crap! My happy little mole hill has become a mountain. |
24th Jan 2010, 03:22 PM | #469 |
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"You can have everything in life you want if you will just help enough other people get what they want." ~ Zig Ziglar | |
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24th Jan 2010, 04:58 PM | #470 |
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I probably should have ate, but AP here is my proposal to Mr. Business Owner.. Mr. Business owner, my plan is to assist you in increasing exposure to your expert status, starting today. You offer a wonderful service that people out there want and need. In order to do this we will be creating a variety of videos, podcast and articles on topics that your prospects want to know and should want to know about. We will then distribute the media over a wide variety of networks, reaching your local target market where they search for information i.e. mobile phones, computers and other web enabled devices. Mr. Business Owner we are talking about a reach of over a 100 networks, including the online YP directory. See the difference between in this method Mr. Business Owner is that YP only gives access to customers that look into YP. On top of that, in the YP customers will only see your ads. Using the other methods that I am suggesting Mr. Business Owner, prospects will get to know you and the services that you provide. Let me ask you a question Mr. customer, would you go to a heart surgeon that you plucked out of the YP and that has the biggest ad, or would you go to the surgeon that you have gotten to know via video, articles, podcast etc. I don’t know about you Mr. Business Owner, but I would rather go to the surgeon that has practically let me into his office without even meeting him. Because I have made a virtual connection with that surgeon, he’s on your facebook, MySpace page etc, you see all of the updates about his surgical break throughs via twitter. Mr. Business Owner, I’m not going to sit here and talk to you about SEO just yet, which is only a small part of the equation. Why is SEO a small part of the equation, well because SEO truly only benefits your website, what I am here to offer you Mr. Business Owner, is value based. When your prospects see the amount of value that you have provided them for free, they will most definitely stop by your website, or even better, walk right into our office. Now let’s say that a customer goes your website, you currently wouldn’t know whether they came or left. With the system you have in place you wouldn’t know their names or email address, you wouldn’t know what drove them to your website and how long they stayed on your site. Would you? Wouldn’t this be valuable information to have? If you just knew the names of the people that visited your website and had away to contact them, wouldn’t it be great to follow-up with these leads? I’m sure it would. Well we can set a system in place that would capture leads of your prospects; we’ll offer them a report on ways they can better their life using “XYZ” in exchange for contact information. We will also create a new sign in sheet at your office that will include a space for an email address. Why would we do that, well you just ran a special last week didn’t you? You also have 2000 names and addresses of past clients correct? Well I will assume that if you wanted those 2000 clients to know about that special, you would have to use direct mail, costing in paper, ink and postage. But if you had their email address you can send out a campaign while sitting on your back porch having your coffee, from your laptop, saving you thousands of dollars, plus its faster and you even track what messages had a higher open rate and response rate. Still want to hear about SEO, well Mr. Business Owner, part of that will be down through the submissions of the videos, articles, podcast and bookmarking. It a method called link building. When we submit the media that we create for you, we will attach your website to the media as well. We will also do some competition spying for you so that we can see why your competitors are ranking higher that you are and we’ll compare the data against your webpage. We will then make the necessary changes to your website so that we can increase your websites exposure as well as your exposure as they expert in XYZ. Mr. Business Owner ultimately you can learn how to do this yourself if you purchase my Online Marketing Mastery Course for Business Owners for $3,999. But I am sure that you would rather save yourself the time by having a well qualified and experienced team of experts that have the time to learn, study and test different methods for you. You've proven that you are successful. You know as much as I do, that the best way to get things done is to hire people that can execute certain task, better and faster and more effectively than yourself so that you can focus more on creating new products and doing what you love. Mr. Business owner I know your time is valuable so I will leave you with this. Times are changing, they way of marketing in the past is not the same as it is today. I have meetings set-up with your competitors throughout the week and I will only work with one of you. Call me when you’re ready to make substantial change in the way you market while improving your bottom line. Here is an over view of services Multi-Media Marketing Sets you up as the local expert and authority on a topic Social Media Marketing (SMM) Build relationships with prospect and update them on news and discounts Search Engine Optimization Keeps your website on the good side of search engines, and tracks visitor behavior Lead Capture Set-Up Capture prospects information Email Marketing The money is in your list. Allows you to save thousands of dollars by simply typing out an ad and pushing a button |
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24th Jan 2010, 06:06 PM | #471 |
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Thanks for your response Balaway, I appreciate it!
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24th Jan 2010, 06:47 PM | #472 | ||
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"Mr.Businessowner thank you for your time and interest but at this time I don't think your marketing budget will allow my full suite of services. However, I would be glad to sit down with you and help create a full marketing strategy for your business for a one time charge of $997." The reason I'd turn him down is because he doesn't appear to be my ideal target. He is in a vertical market but his profit margin is too low and his overall ad spend isn't enough(remember, I never increase a client's budget) and he's on the low end of my total sales range, 1-5m/yr. My ideal target has a higher profit margin and is using TV, billboards, radio and YP, a real big spender who really understands the importance of advertising. There's definitely room to help this prospect, just maybe not for ME to help him.
I could be way off here! I'm just going by what I've read from AP's posts | ||
24th Jan 2010, 07:26 PM | #473 | |
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Ok, to narrow it down a bit for me and make it easier to design a plan of attack, I am going to assume that the business in question is a home services business (HVAC, carpet cleaner, Plumber, Pest control). Immediate implementation (all taken care of within the first month):
That’s all for now, as we first have to enhance and modify the foundation to ensure that it will be able to capitalize on the growth that will occur later. If you don’t fix things first there is no reason to spend more money on extra or improved marketing. Secondary Implementation will include new direct mail campaigns, customer retention programs, customer reactivation programs, YP redesign, website, internet marketing, email capture, excreta … All of this will come later on after all of the above items have been taken care of as I cannot effectively plan out new marketing campaigns, strategies or budgets without a lot of the above information. Looking forward to seeing what you think. | |
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24th Jan 2010, 07:38 PM | #474 |
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24th Jan 2010, 08:58 PM | #475 |
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Great posts guys. There's is a great inexpensive CRM software called SugarCRM, it costs only $300 for small business. You can make a list of VIP customers with it and track a lot of metrics. Its not too hard to set up and learn. I'd suggest adding that to the package deal. |
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24th Jan 2010, 09:45 PM | #476 |
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Here are a few more things you might want to think about: # The two keys to what you charge are that... 1. You're happy doing the work and/or outsourcing it for the fee you charge upfront before you do anything. In other words be sure that if all you ever get paid is your upfront fee you're still happy doing the work or getting it done for that upfront fee. 2. The extra profits you make for a business with the work you do are more than what you charge that business. This should be a personal commitment on your part before you even take on a client...that you will help them make more profits than what they pay you. # If you're making more profits for a business than what they pay you they will hire you over and over again for project after project or happily pay your ongoing fees. The key is to make them profits. # What service you provide is irrelevant. Whether you outsource or not is irrelevant (although it is a better business model long term in most cases). You can provide nearly any kind of marketing or internet marketing service for a business including pay per click, SEO, online video, web design, copywriting, lead generating report writing, press releases online and offline, information product creation, joint venture brokering, creating affiliate sales systems...it makes no difference. If you make more profits for a business than what you charge then you're doing the business a service. On the other hand if you're not making a business real profits beyond what you charge then you're effectively ripping them off. Don't get so focused on "what service can I charge a business for?" that you forget that the fundamental goal is to make them profits. Do that and everything else becomes quite simple. # Always remember that when you're providing services to a brick and mortar business it's not about you or whatever whizzbang service you think you can give them. In fact having a preconceived idea of what you'll provide a business makes it far more difficult to get hired because you're now trying to sell a specific service instead of going through the process of finding out what the business owner wants and needs and customizing a solution for him that he'll get excited about. Effective marketing and getting hired requires that you think about what the business owner wants, what he needs...what motivates him. Take your eyes off yourself, put them on the business owner, learn to ask questions and really listen and you're going to get hired more often and at much higher fees. Kindest regards, Andrew Cavanagh |
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24th Jan 2010, 09:52 PM | #477 | |
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It is about ROI and marketing. Sometimes the on-line positioning actually becomes incidental to the entire process, (But of course is essential and beneficial to the business in the long term.) | |
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24th Jan 2010, 11:29 PM | #478 |
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First seek to understand rather than to be understood. I'm glad you made your post Andrew. The focus should always be front and center, what can I do to add value to my client's business? How can I help her make more money and cement her customer's loyalty? I reckon that if we do that, our fees will be commensurate with our clients' successes. Not only that, our ROI we offer will be better because our mindset is more in line with creating greater opportunities for the client which will create more income for them and conversely us. I'm lovin' this thread. |
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25th Jan 2010, 11:05 AM | #479 |
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My homework. AP – What a great exercise. I’m loving everybody’s ideas so far, this stuff is gold. 1.I would have my assistant (or myself) secret shop them and take lots of notes. 2.Work with business owner to establish goals and metrics. Such as: a.Weekly revenue targets to hit 30% sales increase (seasonally adjusted) b.Current and goal customer lifetime value c.Target customer acquisition cost (to keep marketing accountable and maintain or improve gross margins) 3.Look for opportunities to improve packages, create upsell/crosssell opportunities, and/or increase price. I won’t get too lost in the weeds here- just looking for obvious ways to get 10-15% more out of 10-15% of their clients. 4.Do a quick study of the competitive landscape and size of market. Again, not some major study, just enough data to establish positioning. 5.Work with business owner to create or refine their unique selling proposition. Get it printed on a big sign for them to hang in their back room. Every employee needs to memorize it (and be able to recite it falling backwards off a barstool). 6.Marketing budget for the next FY: a.$35K yellowpages (depending on their vertical cutting YP can be a huge mistake and could get you in trouble – see below for details) b.$7K online c. $7K Direct Mail d.$1K Tracking, marketing automation, email 7.Yellowpages plan a.If they are doing a full page or double truck- cut it. The goal should be to be 1 or 2 ad sizes down from their biggest competitor. YP reducers for years have been showing the efficacy of smaller ads. People don’t want to buy from the guy who spent the most on marketing. b.Rewrite copy with direct response offer c.Include call tracking number and special URL d.Take the money from shrinking their one big ad and move it to the following: i.Try to find multiple headings ii.YP black hat: create another business and get it listed in the same heading – 2 or 3 of these is really powerful =all depends on the rep. iii.Move some of the money to online ads. Yellowpages.com and superpages are very high converting sites, I guarantee. iv.Open up accounts with smaller directories and offer them pennies on the dollar for a good ad. You’ll be surprised what they’ll agree to. 8.Online: some PPC, facebook ads, vertical directories, and online display ads (I have gotten almost as good of CTRs and CPL with display as search… great stuff) 9.Direct Mail: Hit their current customers with an upsell offer in one zipcode, a referral offer in another zipcode etc. Test, measure, repeat. 10. Put all of this into a nice 10 page marketing plan. This alone is worth the money. I know an agency is my small market here (about 400K in the metro) that charged $13K for a 40 page market research document. 11.SYSTEMS: a.Depending on size+vertical an autoresonder or marketing automation package b.Almost never a CRM. CRM implementations are long, painful, and highly prone to failure. HIGHLY. You don’t want to be the one to instigate that mess. c.Web analytics a MUST d.CALL TRACKING. MUST DO. No money gets spent without a call tracking number. There should be 10-30 numbers active depending on how many things you’re trying to pull off at once. Budget for it, reap the rewards. e.Phone system- get some music on hold marketing, speed up the phone tree, and take all steps possible to reduce hold times. 12.Training: a.Anybody who anwser’s the phone: you are talking to a celebrity/senator every time you pick up the phone. Treat them like gold. b.Sales/estimator: listen to your customer, sell based on their needs, not your packages. Don’t mention a benefit unless they mention a need. c.Business owner: create a metrics culture. I want to see big thermometers with sales targets, incentive programs, and every employee having access to data. This moves the needle. Everybody can affect the numbers, everybody should know the numbers. Best buy has creamed the competition (they are the ONLY ones standing) because every 30 minutes each dept head goes to all the sales people and shows the latest sales figures, returns, etc, vs how corporate expects them to perform. This is bigger motivation than commission. 13.SEO: a.Keyword research b.Local business directory domination c.Some onpage seo d.Create a video and syndicate your method of choice e.Create 3 articles, syndicate f.1 press release, syndicate g.some social bookmarking, maybe 14.Social Media a.Create lots of facebook, twitter, etc to reserve names b.Build a twitter account followers with software automation c.Create company blog if they are ready to run it (or hire my content specialist to do it for them!) 15.Call 2x monthly to discuss metrics, opportunities for improvement, and any new marketing/content ideas. Measure all marketing dollars to web and call tracking data to get them to conform to target acquisition cost (without a crm you'll have to assume all leads convert at the same rate which isn't true, but for many cases this is acceptable). ** 16. How I would get e-mail addresses: 4x6 postcard to database with $5 gift card offer for completing a survey. with 2000 names, assume 500 responses- so $2500 cost for promotion plus about $.49/piece for mailer for a total of ~$3500. Feedback? Invaluable. E-mail addresses? Invaluable. Save $$ on redemptions and mailings by asking customers to pick up their gift cards at the business location. Greet them warmly, thank them for their response, and tell them about the referral program. In order for me to break even on my fees I have to bring in $23K profit or $92K in revenue with my recommendations. That is a 8% lift in sales, I promised 30%. I think the above plan can bring in 50% easily, depending on their state of affairs. There are probably 101 more things they COULD do, but this WOULD hit their mark and make me their best friend. AP, Dexx, and all: I have had all this information rattling around in my head for years. I LOVE marketing and sales. I love learning, and I really love helping people. So WHY was I so stuck on being a “web guy” and offering SEO and wordpress sites? You’ve all really opened my eyes to how what I already understand can be put to work to transform people’s businesses and lives. |
Last edited on 25th Jan 2010 at 08:34 PM. Reason: fixed direct mail stats | |
25th Jan 2010, 01:35 PM | #480 |
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My goal would be to take his initial $5K and turn it into $10K, $15K, $20K or more in immediate sales. Thus: -- my services become 'free', which will justify my price (very important) -- biz owner is excited by what I can do, thus is eager to write monthly checks -- biz owner is happy to give me referrals immediately The lowest-hanging fruit is usually past customers. I'd take the $5K and do a 3-step mail campaign to the 500 most recent customers (these being the best-quality names). I coordinate with the biz owner to create for the mailing a USP, an irresistible offer, and great risk reversal, none of which he probably has in place. Lumpy mail can be done for $1.50 apiece or less, thus making my cost $2,250. I coordinate the mailing to make everything hands-free for the biz owner, and (more importantly) to make sure it's done right. That leaves me with $2,750. This pays me for my time to: -- create & execute the mail campaign -- add his biz to my aweber account (takes 10 minutes) -- give his designer the code to add an opt-in lightbox to his site (another 10 minutes) -- create a blueprint/mindmap/marketing plan with which to 'wow' the biz owner and justify the monthly fees he'll pay me for the next 12 months. 30 days later the biz owner is receiving sales from the 1st and probably 2nd step of the mail campaign. We also have the beginnings of an email list growing (although there are no messages to send to it yet, because he hasn't paid me to create them). I march in with a complete blueprint for where he needs to go from here. At that point we'll talk about all his opportunities from upsells, cross-sells, monetizing his new email list, JVs, dominating Google, etc. That's my preferred approach. Rather than giving a long list of things I can do, let's make him some money first and show that every time he gives me $1, he gets $5 or $10 back. Then it's easy for him to write me more checks. |
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25th Jan 2010, 02:17 PM | #481 |
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Is anyone having any success offering mobile advertising services to your local clients? Are you using the information you learned in Cell Phone Cash? |
25th Jan 2010, 02:42 PM | #482 |
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Here is my plan, (besides identifying and providing solutions for some in house problems such as phone handling and staff behavior) 1. Create an autoresponder database of their past/existing clients right away and start following up with them using periodical newsletters (preferably monthly) 2. Start a coupon campaign to attract more business and get repeat business from the former/existing customers. Send them a discount deal on their birthday. Give them a free botox/HVAC check/something lucrative if they bring 2 referrals and those referrals purchase service. 3. More coupons, more freebies. Give away small (but attractive enough) gifts to lure them into the store. Then upsell, cross sell, limited time offers. Discounts, deals, coupons, giveaways are the primary tools for attracting customers and getting repeat business in economic recessions. 4. Create facebook, twitter pages and encourage the employees and customers to sign up - by mentioning there will be coupon/discount/freebie deals that will be announced only on those sites, if you don't follow/friend/become a fan you will miss out! (Sephora does this, Apmex does this, both are making a killing in this economy. I would show their campaigns and revenue stats etc as real life examples to educate the prospective client) 5. Does the client advertise video testimonials from their customers? (Most of the time, the answer is no for mom&pop operations) I'd show them the view stats of youtube vids of their competition or similar businesses in other cities etc, to make a point. Well done video testimonials featuring before-after images and emotional customers get a ton of views and comments. 6. Sweepstakes campaign would be also nice. Give away a Nexus One phone to the customers who buy services between this date and that date. Then of course advertise the winner everywhere using posters at the business, video testimonial and whatnot. Advertising that kind of things on social media can easily create a viral wave in town. 7.Make a VIP customer list for the customers who spend a lot at the shop. Show appreciation by sending them holiday and birthday gifts or even better, the business owner giving a sincere appreciation call on their special days as well (given the fact that the number of such customers is not too huge to make this a big chore) showing appreciation to your top clientele is a good thing and brings more business/helps to keep them with you. 8. Do some SEO to get them more traffic on the internets. Rank them higher on google, etc. As for offers and campaigns, I think it's best to split test those and stick to the ones that work the best. Can't really think of anything else at the moment. |
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25th Jan 2010, 02:56 PM | #483 | |
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I truly believe SMS marketing (mobile advertising) can be a very valuable marketing tool for many local businesses (restaurants, bars, salons, etc). There are lots of platforms available so you should have no trouble choosing who to go with. I would suggest getting a private label program (white label) as you will profit from it a lot more rather than a simple affiliate program. | |
25th Jan 2010, 03:22 PM | #484 |
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Thanks Kelly: I have my own SMS system (that I will be white labeling very soon), mobile app store platform, and mobile marketing course. I've been doing a lot of mobile marketing for small businesses and major corporations for 10 years now so I definitely know how great it can be for local businesses. I really wish so many people weren't burnt on mobile from another course they bought last year. |
25th Jan 2010, 03:38 PM | #485 |
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I started marketing to offline customers as soon as I realized how hard it was to beat YOU GUYS! LOL It is easy really. Well as easy as any other business. Check out the software I use to do this. It has all the tools including autoresponders, contact management, templates for squeeze pages, sales pages, and all kinds of stuff. It even tells you step by step how to use video, articles, press releases etc. Too cool. And the thing is you use it to market your business - and you sell it to them for their business! (And make a commission of course.) Contact me for more - or join my weekly webinar (See my signature) and I'll help you! |
Always looking for PPV and affiliate mentor/masterminds... Let's trade stories!
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25th Jan 2010, 03:44 PM | #486 | |
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The first 5 steps alone could be done by anybody WITHOUT needing any technological background or SEO-mastery, this is exactly what we're talking about. Hell I dont think there is anything in this idea that can't be trained to team members and then outsourced for scalability. Well done Sir, well done! =) | |
25th Jan 2010, 04:30 PM | #487 | |
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25th Jan 2010, 05:40 PM | #488 |
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Just wanted to let you guys know that Maria Gudelis is letting people watch a real case study evolve before our eyes - from how the sales rep closed the deal to evaluation to how the solutions are implemented. She's charging a mere $5 so I thought it'd interest a few of us in this thread. I can PM the link if necessary (not an affiliate link) |
25th Jan 2010, 05:43 PM | #489 | |
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Also dig the "starting from the inside" - sometimes it is easy to forget that there are soooo many other solutions other then internet marketing, SEO, etc. to offer local / offline businesses. For instance, when I was doing a survey with dental practices, I was pleasantly suprised to come up with one practice that has all the staff in the office trained on how to 'color code' their customers.. as in the blue,yellow, red, green personalities...now that really rocked me as I know in sales how important that is to help in building a relationship with a prospect and to find a dental practice having files on each and every patient as to what color personality they are.. ..now that is one practice who knows their existing customers are their most valuable golden asset! And that is one more example of a service we can help out with to local businesses. Credibility - a huge amount has already been offered up in this thread and the only things I can think of to add: A. Whitepapers and case studies - the term 'Whitepaper' is known be the bigger corps and it basically is a case study on a certain topic...so for instance in addition to offering as a lead gen magnet a 'case study' on social media successes...you could offer a White Paper on "How ________ enter the niche here e.g. doctors____ Are Profiting from Social Media Trends" and include case studies, survey's interviews etc. and your marketing company conclusions We used to use tons of whitepapers when I was with the big consulting firms. B. Surveys - yes - hmmm...this is a bit top secret..whoever capitalizes on this tip - please donate money to Haiti with some of your profits What I mean by surveys is NOT what we as IM'rs are used to seeing - (which work great too) What I mean is using a survey to get you INSTANT AUTHORITY IN THAT NICHE! Here's what you do (this was my first consulting gig for Price waterhouse and they still have the MARKET leader in that industry) 1. You do this yourself or hiring a bright young business / marketing intern to compile this 2. you decide on the industry (niche) 3. You create a very comprehensive survey - seriously - one that takes at least 20 minutes of a questionnaire/survey to fill out 4. why in the world would an executive or biz owner spend the 20 minutes with your marketing firm to complete it (do this via phone or in person by the way - not electronic as this is one of the steps to the relationship building and positioning) - they do this as the 'carrot' you offer in return is that EVERY one gets access to the results - I mean cutting edge industry specific stuff they benefit from the info - all their competitors are filling it out to... 5. You then tally up the info from the surveys and PUBLISH the results in a Symposium for that niche...KACHING!! You fedex a copy of the results to each and every executive/biz owner you surveyed so they benefit from the results... this is huge - you can create a million dollar consulting business from the above. You are recognized as the instant authority in this... you do this survey every year so it becomes the ANNUAL survey, you get instant leader authority in this niche as the 'go to consulting firm' Looking for an example? e.g. I sure would want to know out of 100 dental offices, what percentage of their annual revenues is going towards marketing, what percentage towards social media, what percentage is using xyz method etc. I used to collect financial reports from executives, compile the results and it would all get bundled up into the "Annual Report on ____ the niche" C. Have a Methodology (heck most of you know why my offline money mindmap/marketing blueprint works - clients DIGG methodology) - every big consulting firm has their own 'proprietary methodology for implementing xyz" and it sells.. in reality - it is similar to the competitions but presented slightly different with a whiz bang name... what do you do - brand your own methodology! It makes prospects feel more confident with your firm. D. Hmmm...darn it - I know I had more to put here but got so excited about B above I forgot it! E. oh, remembered a doozy - one of my mentors who was Charles Givens' right hand man so to say...always advised this - have corporate locations - meaning get virtual offices...in different countries or cities if you want to go after bigger clients, grow bigger - so you can have a virtual office in London, Toronto, New York... heck - I remember losing a prospect once a few years back because they said "Well they are on Madison Ave in New York" - huh - imagine that.... perception does matter and nowadays - you can get virtual offices for under $100 a month and they forward your mail to you... this is important - don't use your home address as your biz address on your cards! Hmmm...that's it for now, can't believe how much this thread grows! | |
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25th Jan 2010, 05:46 PM | #490 |
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Also, I strongly suggest you subscribe to the "waiting list" for the Formula Five course that was offered by Stompernet and Paul Lamberg. The free videos they offered were packed full of goodies - almost but not quite as this amazing thread! I subscribed to the waiting list a few days ago, and as an undisclosed bonus, they send a 97 page pdf that basically contains the notes they read over the free videos. It really is full of good content, and it fits perfectly with this thread. The non affiliate link is this: http://www.stomperf5.com/ |
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25th Jan 2010, 08:15 PM | #491 | |
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You did a great job outlining the services you would propose to Mr. BusinessOwner. You mentioned being a "tech guy" . . . are you currently working in offline marketing or now considering it? It appears you have a good solid grasp of what it would take to add value to your client's business and to this thread! Post some more of your ideas. I like the way you explain why you decided to go one way vs. another. | |
26th Jan 2010, 04:39 AM | #492 | |
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Thanks for the tip, as you said, after opting in, I got the 97 page report! Great! p.s My refreshing finger nearly dropped off yesterday waiting for AP and / or Dogscout's posts? I'm looking forward to the resources they are going to post. In | |
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26th Jan 2010, 04:40 AM | #493 | |
Advanced Tea Maker War Room Member Join Date: 2008 Location: London, England (Know what I mean mate!)
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Thanks for the tip, as you said, after opting in, I got the 97 page report! Great! p.s My refreshing finger nearly dropped off yesterday waiting for AP and / or Dogscout's posts? I'm looking forward to the resources they are going to post. In the mean time, I've kept myslef busy with a couple of good guides here which I got from Dexx and Vegabond 007, both have great information. Phil | |
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26th Jan 2010, 06:10 AM | #494 |
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Here's what I'm doing right now with two clients: Client #1: owner + 2 employees, spending $8k/mo on ads that aren't converting. Has names and addresses of 5,000 customers in his POS system, but very few email addys. He's earning 6-figures in sales per month @ 50% margins, looking to buy a new store in another (larger) city in a few months that can benefit from online promotion far more than this one. If I can show results, there's a LOT more work to follow. 1) I found a package of unbranded videos related to his business and am having them branded. 2) Set up a Wordpress blog on another domain name (hisbusiness.net) that will have a name-capture form 3) Having him set up account with Constant Contact for managing leads 4) Hiring a marketing expert to handle postcard mailings to his list to get them to opt-in to mailing list. The hook: free access to 50+ videos, one more added every other day, plus discount coupons and drawing for free stuff for "members only". 5) Will set up a newsletter next month to begin monetizing his list, by offering discounts on accessories 6) Will post some of the above branded videos to YouTube and other video sites to get backlinks and traffic 7) Will make several "Top 10 List" videos and use them to generate backlinks all over the place to his lead-gen site. This guy has money to spend. His high season is Oct-April. Our goal is to have traffic from online sources lifting his sales by April so his revenues remain flat. He wants to expand further into an online store selling a wider variety of products than he can stock at his retail location. He paid some outfit $4,000 last summer to build a website for him. To this day (6 months later), all that's there is a JPG image they made for him to show what the front page will look like. I personally don't put much stock in ever seeing the site getting completed, but he's optimistic. Once things get rolling, he's a $5k/mo client easy, and he'll be earning at least $15-25k/mo in additional sales each month from my efforts. Client #2: Family-owned salon where the woman does most of the haircuts, etc.; the husband cleans; the kids (15-23) do odd-jobs. No employees yet, but she wants to add one or two more people. Very little budget for anything yet -- I'm doing this more for a success story than anything else. 1) got a generic domain name and hosting 2) set up a Wordpress blog and 50 plugins and some sample themes; will add a lead capture form shortly 3) got them signed up with Constant Contact 4) I'll be showing them the ropes, how to manage Wordpress, post to it and other social sites 5) Will get them into Google Local Listings, Analytics, etc. 6) Will help them lay out a newsletter and identify a schedule 7) They have developed a CUSTOM PRODUCT LINE of beauty care products that they want to promote thru their newsletter and more broadly online later, so this is something we'll focus on as their revenues increase. (I know, it sounds crazy, investing all that money with no clear marketing plan... never happens, right?) These guys want to do as much of this stuff as possible themselves. I'm setting things up, holding their hands, and showing them what to do. At some point, they'll probably decide to throw in the towel and hire me to do more. But in the mean time, they're very nice people and will generate a TON of goodwill for me through word-of-mouth publicity, which right now is worth more than money can buy. This is a brand new business, started last September. They have been profitable, but barely. They paid a guy "a bunch of money" (maybe $500-$1000) to set up a web site, and he hasn't done anything other than register the domain names and put up a scanned image of their promo postcard as their landing page. She told me she's going to write it off as a loss. TWO MORE CLIENTS IN THE FUNNEL One is a BBQ restaurant with very little online presence. They're surviving only because of their catering -- the walk-in traffic isn't paying the bills. The short-term goal is to increase walk-in traffic to the point where they're at least breaking even. In a year, I don't want anybody else showing up in the SERPS for any term related to "barbeque" in the area. (I plan to take this on in part as a trade-out for ... BBQ! Nailing it for these guys will lead to a FLOOD of work with other restaurants in the area.) The other is offering services related to the mortgage industry. Their business is a growth market at the moment. They have ZERO online presence, few competitors, a very favorable political and legal environment, and a HUGE upside. Most of their business is word-of-mouth and through networking. Each new customer is worth about $2500 to them (up front) for their main service; secondary services can yield 2-4x that (over time). Their sales reps close 97% of the qualified leads they get. They're just not getting enough leads. I can EASILY *DOUBLE* or even *TRIPLE* the number of qualified leads they get in 90 days or less. It's a wide-open market. SUMMARY These guys all look the same to me. They've got the same "gaps" in their marketing, the same potential up-side in terms of revenue growth (percentages) that these services can bring them, they need it, they want it, and they'll very happily pay for RESULTS. And getting results for them will lead to a flood of referrals. WOO-HOO! BTW, I didn't mention "SEO" anywhere here. I consider that as part of what's involved with online traffic generation. And what I've got in mind (using videos) will generate a TON of backlinks and traffic, building a virtually impenetrable wall between them and their competitors. -David |
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26th Jan 2010, 08:21 AM | #495 | |
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AP has some resources that blew me away and expotentionally raised what is possible to achieve. He takes this 'off-line gold' to a whole new level. With what he has shared with me so far I suspect he could easily double his prices and his clients would be just as happy. The value he provides his clients looks to more in the 40-50, sometimes 100 times what they pay him. He also focuses on the greatest ROI size of businesses, where I usually do stuff for much smaller businesses, so I am as happy to see what he is willing to share next as you are. | |
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26th Jan 2010, 08:30 AM | #496 |
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DogScout (Mark right?), I can see you're very modest, I think I can speak for everybody here when I say we have learnt A LOT from you too, it is very much appreciated. It's funny, I don't know if anybody else reading this thread is going through an up and down of emotions, ranging from "Oh man I can do this" and then next minute "Oh man, how the hell am I gonna do this". My problem is probably thinking about it too much. One thing I'm still slightly confused over, is how some people say it's better to go for lots of smaller clients, which take less maintainence and easier to outsource the work(?) and then others, like AP and Dexx who say that it's better to go for a few, high paying clients. Now personally, the latter sounds a better idea to me, but then it's also be stated that a bigger Client can take up a huge amount of time and resources. So on that point, I'm slightly stuck. Any thoughts? Phil |
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26th Jan 2010, 08:50 AM | #497 | |
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My hand is raised! :confused: Iris | |
26th Jan 2010, 09:01 AM | #498 | |
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To give an example, years ago I used to sell mortgages. Compared to the other guys in the office, I worked with fewer clients but charged more. So say I wanted to gross $30,000 a month in fees. I'd rather have 3 clients at $10,000 than 10 at $3,000. Less work involved for sure. But yet I would make the same money. You need to position yourself properly. You do that with effective marketing. Let your marketing do the hard work. That your marketing sift through the tire kickers. If done properly, when someone does contact you, they will be on very inclined to doing business with you on your terms. Let them pursue you. You do not pursue them. Read that new report in my course you just got if you need more help with this. Bottom line, it all comes down to what you want your life to be like. Hey, if you would rather go after more clients paying less, then by all means go for it. We're not hear to tell you there is only one way to go about this. So decide what you want your life to look like, decide what kind of income you want, and what kind of time you are willing to invest to get it, and then form a game plan. Then get to work. Key thing is to take action. You can always adjust course along the way. | |
The Ultimate Sales & Marketing Mind Map (Just updated - now twice as big!) - scott_krech - "Quite possibly one of the BEST WSO's ever." www.UltimateMindMap.com | ||
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26th Jan 2010, 09:12 AM | #499 | |
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So yesterday I [finally] squeezed first offline action. I researched 30 business (same type) in my area with websites and yellow pages budget and send them card telling: yesterday there where 1,100 searches for your business in our area. How many of them called you to schedule an appointment? and claim code for website profitability analysis. I used all the tricks on the mail piece it's hand addressed, "natural" paper A2 envelope, copydoodles inside, real stamps. I'm planning to send another 30 without website a similar mail-piece just with other offer to claim and look at the results. I'll report on results ... if anyone interested Now, back to work | |
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26th Jan 2010, 09:18 AM | #500 | |
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A bigger business that has more to work with will be much easier. When you tell them they need a facebook acct or a blog, they are hiring someone to do social media the next day or at least paying you to outsource it. When you suggest a change, they have an employee working on it next day. They also have less time to bicker with you. One of my current clients is a real pain. Many of the stuff I suggest, he doesn't think will work. lol. To give you an idea, the industry is one I have never worked with before and is probably not one you would typically think of (no it's not porn). So being new to it I did a lot of research and even called some other successful businesses that were outside of the area, to see what they were doing. From all of the successful businesses, there were about 5 things that they all were doing. My client does not believe those things will work. He also does not have the money to hire the additional employees that I feel he needs to truly be successful. As I said, it has been a pain. When I sold cars, the guy that I barely made any money on, was going to be the biggest headache even after the sale. The guy I made a ton of money on, I would never hear from again until he or a family member is ready for a new car! | |
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