Here are 9 low-cost but highly effective marketing tips to help you boost your sales and profits fast.
Tip 1:
Look for some low-cost ways you can enhance the perceived value of your product or service. Then test raising your price. Don't be surprised if both your sales and your profit margin go up.
Tip 2:
Try to limit your customer's decision making to either "Yes. I'll buy." or "No. I won't buy". Don't risk losing them by including "which one" decisions. The more options you offer, the more likely some customers will procrastinate and never make the decision ...causing you to lose a sale needlessly.
Tip 3:
You can demonstrate a low cost for your product or service by breaking down the price to its lowest time increment. For example, "Enjoy all of this for less than 90 cents a day" (for something priced at $325 a year).
Tip 4:
Add an unexpected bonus to every sales transaction just before completing the sale. It prevents customers from developing any last minute hesitation ...and changing their minds about buying.
Tip 5:
Print your best small ad on a postcard and mail it to prospects in your targeted market. Postcards are inexpensive and easy to use. Most recipients who ignore other types of advertising will read a brief ad when it's delivered to them on a postcard.
Tip 6:
Prospects who ask questions are usually close to buying. Take advantage of this. Don't just answer their question. Include a reason for them to buy as part of your answer. Then ask for the sale ...or tell them exactly what to do to place their order.
Tip 7:
Collect testimonials from your customers and use them in all your advertising. Testimonials provide evidence that your product or service delivers the results you promise. For maximum impact, use only testimonials that describe specific results the customer enjoyed.
Tip 8:
Include "benefit rich" headlines on all your web pages. Many visitors arrive at a web page then immediately click away ...unless something instantly catches their attention.
Tip 9:
Continually test and evaluate everything you use or do to promote your business. Allocate 80 percent of your advertising budget to proven promotions. Use the other 20 percent for testing new variations. Most businesses using this system continue growing - even in highly competitive markets.
Bonus Tip:
Handle customer complaints quickly and with a positive attitude. Strive to preserve your relationship with them instead of your immediate profit from the transaction. They will reward you with repeat sales and referrals ...instead of punishing you by telling everybody they know about their unhappy experience and causing you to lose future customers.
Each of these marketing tips provides a simple, low-cost way for you to boost your sales and profits quickly. All you have to do is to put them into action.
Copyright 2005 Bob Leduc
Bob Leduc spent 20 years helping businesses like yours find new customers and increase sales. He just released a New Edition of his manual, How To Build Your Small Business Fast With Simple Postcards ...and launched *BizTips from Bob*, a newsletter to help small businesses grow and prosper. You'll find his low-cost marketing methods at: http://BobLeduc.com or call: 702-658-1707 After 10 AM Pacific Time/Las Vegas, NV
For many small business managers, finding the time and commitment... Read More
Sometimes the simplest data is the best. Marketing is not... Read More
I knew this one would get your attention. How can... Read More
IntroWant me to tell you something on how you can... Read More
Bridging the Chasm from Lead to Loyal Customer: A Step... Read More
In the age of e-newsletters and e-mail, you may not... Read More
5000 B.C. -- somewhere near a cave in MontanaOg the... Read More
People do business... Read More
What is enthusiasm?Well, consulting good ol' Mr. Webster, you could... Read More
This list contains 25 powerful strategies to improve your direct... Read More
Entrepreneurs pay a lot of attention to the mechanics of... Read More
Are you still waiting for business to turn around before... Read More
Developing the questionnaire is undoubtedly the most important part of... Read More
Have you ever left a seminar thinking: "I could have... Read More
Direct marketing is advertising from a manufacturer or front-end supplier... Read More
"Both the market and the distributive channel are often more... Read More
The point is what you give to another you give... Read More
You've heard variations of that saying your entire life. Consider:... Read More
Earlier in my career, I worked for a training and... Read More
As a professional service provider, you're paid for what you... Read More
A person or business that might buy from you is... Read More
Thank-you letters are one of the most important letters that... Read More
One secret to a site that sells: Look at your... Read More
Every direct mail package you drop in the mail should... Read More
When conducting strategic planning for any company -- online and/or... Read More
It's a great concept, - and it has a 'cool... Read More
35 Ideas to Spark Your Creativity:There are 3 ways to... Read More
Here are 7 simple marketing tips to help you boost... Read More
You've probably bought a book or two at one of... Read More
Here's a simple way you can generate lots of sales... Read More
Have you ever been among a group of people exchanging... Read More
Multi-level marketing is the biggest growth industry in the 1980's.... Read More
The industry standard for mobile washing is completing the car... Read More
No doubt you started this year with some big ideas... Read More
Thirty percent of all the drinkable water that runs between... Read More
When you think about how to attract more clients for... Read More
Do it Right.I receive postcards all the time. The other... Read More
Stuart from Colorado had talked to a number of marketing... Read More
Marketing as we know it is over. Done. Finito.People the... Read More
Recent studies concerning the "new world of women" have been... Read More
Before you ever get on the telephone, send a marketing... Read More
Want to get Better at your Marketing today?For many service... Read More
As a self-employed professional, you have two basic strategies for... Read More
Do you know your audiences? I mean really know... Read More
Pre-note: In this article, teleclass is an example used to... Read More
Since the human brain seems to be able to focus... Read More
You could end up with poor results when designing a... Read More
How do you personally define success? High income? Substantial net... Read More
Postcards are perhaps the least expensive way of reaching a... Read More
Have you started thinking about your Valentines Day Promotion yet?It... Read More
To prevent the risks of a promotion campaign for our... Read More
The Logo: a little historyLogotype, commonly know as a logo,... Read More
A Complaint? It's a Compliment!What made you mad last week?In... Read More
Marketing your small business takes tons of time, years of... Read More
If you are in the mobile car wash business and... Read More
Where to Start:Most novice marketers have definite fixed ideas about... Read More
The term "internet marketing" was virtually non-existent a short 8... Read More
A database is more than a simple list of names... Read More
I'd like to introduce you to someone. I don't actually... Read More
IntroductionMany businesses and organisations have a perception that marketing means... Read More
Why Trying to "Get the Appointment" Can be a Recipe... Read More
It's a great concept, - and it has a 'cool... Read More
Mobile businesses are quite unique in the way they must... Read More
Can you remember the last dozen advertising messages beamed at... Read More
Brochure printing can be easy if you first identify your... Read More
The Pitchers: SalesLet's say you have a new baseball team... Read More
Marketing |