Documente Academic
Documente Profesional
Documente Cultură
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The information presented herein represents the view of the author and his
experience as of the date of
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publication. Because of the rate in which conditions change, the author reserves the right to alter and
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update his opinion based on new conditions. This report is for informational
purposes only. While every
attempt has been made to verify the information provided in this report, neither the author, nor his
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affiliates/partners assume any responsibility for errors, inaccuracies or omissions.
Any slights of people or
organizations are unintentional. If advice concerning legal or related matters is needed, the services of a
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fully qualified professional should be sought. This report is not intended for
use as a source of legal or
accounting advice. You should be aware of any laws which govern business transactions or other business
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practices in your country or state. Any reference to any person or business
whether living or dead is
purely coincidental.
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1.
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4.
Don't try to tell the market what it wants let the market tell you
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Notes
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6.
Non-traditional marketing
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Notes
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Don't fall into the trap most other businesses use - that of
running an ad which basically says "here we are - deal with us we're great." Most ads and flyers are of this image type. That's
also the kind of ads which agencies like to turn out. Require more
from your ads. Put a direct response vehicle in every one. That
means ask a prospect or customer to DO something - bring a
coupon into your store, call for a free informational report, or mail
in a request. Doing this will enable you to key each ad and know
what responses came from which ad, letter, or flyer. This critical
measurement will show you which ones to continue to use for the
most profits. How else could one possible know which is best?
2011 All rights reserved
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8. Failing to tell the reasons why - the more you tell, the
more you sell.
9. Not sticking with marketing campaigns that are still
working - Owners will get tired of promotions long before the
public stops responding.
10. Focus on the intended customer and no one else - have
you ever read an ad or sales letter and not known to whom it was
directed? Don't make this mistake.
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Therefore, you can delay some taxes you pay for the
current year
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18.
Direct mail
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Referrals
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Keep in mind that while you are talking you cannot learn.
Your attention focuses on what you are saying and how to express
it. Listening will allow your mind to concentrate on what the other
person is saying. When you show you are truly interested in your
customers concerns not only will you gain valuable insight, but
your customer will walk away at the end of the conversation
feeling good about the conversation.
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22.
Risk Reversal
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Taking the step further, you can offer a better than risk free
offer. Using this option will create even more sales and income.
A better than risk free offer is offering bonuses with the offer, and
making it clear to the customer or prospect that he may keep the
bonuses even if he should return the product for a refund.
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Current customers
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27.
Write a book
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If you have salespersons, either outside salespersons or instore clerks, there is no better way to increase sales than to give
monthly bonuses. If you announce a bonus for the best results
measured by sales you will quickly find that each salesperson will
strive more in order to win the bonus.
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Testing
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46.
Realize it's the profit which counts not the profit margin
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Once you have the results logged and tallied, you will
know instantly which effort have been profitable, and which ones
have not. You will want to continue with profitable promotions
and drop those not profitable.
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You can indeed make money from the use of your customer
mailing list without mailing your own promotion. First of all, you
can rent your list. Check the yellow pages for list brokers in your
area, or check in a large public library for the Standard Rates and
Data book. This reference book list brokers nationwide, as well as
all the lists available at the time of printing. Talk with several
brokers and decide on the one with which you feel most
comfortable.
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52.
Optimization
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55.
Targeting
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When you mail out a promotion using sales letters you can
rent mailing lists of those people who best match your established
profile. In mailing to your own house list, you can mail only to
those people who have the highest probability of being interested
in your offer. Target by profiles can be modified for different
products. You need only to search your database for the most
likely people.
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Partial Payments
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Creative "scarcity"
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Teaser Copy
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Door hangers
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Use "tie-downs"
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"Spying"
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76.
Non-active customers
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Catalogs
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82.
Testimonials
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83.
Employee incentives
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When you run a mail order operation you do not need to take on
high overhead in order to succeed. You don't need to impress
customers and prospects in this manner. Attorneys, CPAs, and
many other professionals may have the need of operating in
expensive office suites in the beast locations. You have no need
for this. You may decide to operate at your home while growing
your business. Additional growth may require an extension of
your office space at some point in the future. As long as you stay
in mail order you do not to pay the extra amount necessary to have
an "address". Even local prospects and customers will not care if
you have a prestigious address or not.
Of course, your prospects and customers located elsewhere will not
even know where your address is located.
86.
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87.
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When you begin any promotion, do not rush. Each promotion will
take some time until
you begin to see results. The length of time to get results will take
varying amounts of time. You need to allow time for printing,
publication time, and distribution time.
It will vary depending upon the medium you use - print
advertising, direct mail, radio, TV, or billboards.
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88.
Complaint/comment box
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89.
Notes
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95.
Sales training
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Notes
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Here's a tip you may not believe. Your response to your sales
letter can be increased by attaching stamps crookedly. You may
ask why this is so. Most people sort the mail they receive into
what is commonly referred to as "A Pile" and "B Pile." The first is
personal letters, bills, credit card statements, and the like. The
later contains what is called "junk mail." Flyers, unsolicited
letters, and mail the recipient does not immediately recognize falls
into this group - to be looked at later, if at all. Your job as the
marketer is to get your promotion into the "B Pile." If the stamp is
attached askew, your envelope looks more like an important piece
of mail. At least, it shows that a person was involved in the
mailing, not just a machine.
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Quick Fixes
Fix #1
Get your clients to pre-purchase your service.
This works really well in a service business.
Heres how:
Construct a special offer which gives the
client a discount for prepurchasing your
services.
This gives you two very important benefits.
1) It locks a client in for a specific period of
time, and
2) It generates quick cash right now, when
you really need it.
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Fix #4
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Dear Scoutmaster,
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I hope you can help me make this a successful fundraiser for the local scouts.
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Warmly,
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Millard Grubb
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Notes
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Fix #8
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Fix #9
2011 All rights reserved
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Notes
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3. Get your customers to buy from you more often. That is,
increase the frequency of purchases by your average
customer.
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Notes
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But aside from the actual cost of the additional product, that
little more is pure profits, since there are no marketing costs
involved.
Method number three... getting your customers to buy from
you more often is another effective way to build profits.
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Notes
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Current
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Number of customers
1,000
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$100
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Total income
$1,000,000
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Current
+10%
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Number of customers
1,000
1,100
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$100
$110
2.2
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5.5
Total income
$1,000,000 $1,464,100
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Current
+33%
Number of customers
1,000
1,330
$100
$133
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6.65
Total income
$1,000,000 $3,300,000
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For instance, if (in the example above), you were able to add
just 10 percent more new customers to your business, increase the
average size of each sale by 30 percent, get your customers to buy
from you 10 percent more often and increase their average buying
2011 All rights reserved
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Notes
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Current
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Increase
Increase
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10
1,100
30 _________________________
$130
Number of customers
1,000
$100
10
30
Total income
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$2,044,900
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$1,000,000
Now take a look at your own business. In the table below, write
in the number of current customers you have, how much they
spend with you on average, how many times they buy from you in
a years time, and how long they do business with you before no
longer needing the products or services you sell, or they move to
another supplier or vendor.
Then, run some quick calculations on what would happen if
you were to increase each of the categories by whatever
percentages you think would be realistic and doable for your
particular business in the current economy.
Current
Number of customers
Dollar value of average transaction
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Percent _________________________
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Increase
Increase
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