
How To Promote Your Affiliate Marketing Programs
Posted by Writing Service in Writing Service on 08 7th, 2008Affiliate marketing can be a great way to make some residual income online. If you use your affiliate marketing properly, you can actually make a fair amount of money. But you have to market your affiliate programs and utilize the Internet to its fullest potential, otherwise your affiliate marketing will be a bigger waste of time than raking leaves in the fall. Here are some tips to help you take advantage of the Internet when you’re affiliate marketing.
START AFFILIATE MARKETING WITH YOUR OWN WEBSITE
The obvious starting place for an affiliate marketing campaign is your own personal website. Whether this is a blog, an online portfolio or an online business, affiliate marketing can make your site a bit more profitable. As long as you have some site traffic, affiliate marketing can work on just about any kind of site that you have. When you’re choosing affiliate programs for your site, do your best to make sure that they correlate to your content, or try to skew the link names so that they do, and make sure that the links that relate most closely to your content appear first. The object is to make sure that people go to the links, so make them as enticing as possible.
FIND MESSAGE BOARDS FOR YOUR AFFILIATE MARKETING
If you can, find message boards to post your affiliate marketing links on that, again, relate in some way to the link. If you can, include links both at the end of message board posts and in the content. Gear your posts to the link, so that they seem like a natural extension of your topic. Before you start posting on all kinds of message boards though, make sure that the board allows affiliate programs in posts. If they don’t, then your post will be deleted, and if you break these rules often enough, you might be blocked from posting again on that or other message boards, especially if you are operating in a specific niche. Not only that, but people are less likely to click on links on a message board that frowns on affiliate marketing.
DON’T FORGET ABOUT THE POWER OF CHAT ROOMS
Chat rooms are a great way to get in touch with a number of people who already spend a lot of time on the Internet. Many chat rooms allow you to create a guest user profile or a one time only user. You can go in and promote your affiliate programs and convince people to visit the links in real time. This gives you the benefit of being able to respond to any questions or hesitations people might have immediately. You can really act as a salesperson, much more so than if you were to simply paste an affiliate program on a website somewhere.
TAKE ADVANTAGE OF THE PYRAMID STRUCTURE OF SOME AFFILIATE PROGRAMS
Many affiliate programs will give you partial profits of people that you sign up to become affiliate marketers. This can often be more profitable than using your own actual links, if you’re good at getting in touch with people. If you dedicate most of your affiliate marketing time to finding other marketers, then you can establish an organization that functions without a lot of input from you, leaving you time to grow your base instead of trying to find places to post your links. Of course, you should not neglect to work on your tier of the organization, both to make sure that you get some income from yourself, and out of respect for the person who brought you into the organization.
5 Marketing Moves for Business Success
Posted by Writing Service in Writing Service on 07 29th, 2008Marketing has traditionally been broken down to a formula known as “the 5P’s” &ndash the five factors that make up an organization’s marketing strategy. If these are done consistently, well, and for a long enough period of time, these 5 factors also become part of their brand.
So far, so good. But the problem is that no one can seem to agree on exactly which 5 P’s are important, so the list typically includes: people, product, place, process, price, promotion, paradigm, perspective, persuasion, passion, positioning, packaging, and performance.
Wow. Sounds complicated, huh? I’m going to try and simplify effective marketing into five moves &ndash five concrete actions &ndash that you can implement immediately. Your challenge: try one or more of these NOW.
Move 1: Move Up
Want to try something different? The next time you’re speaking with a prospect, when the question of price comes up, DOUBLE your normal price and see what happens.
Am I crazy?
Maybe, maybe not. The other side of the coin is that maybe YOU’RE crazy for not charging for VALUE, but instead competing on PRICE. Businesses that compete on price lose. Period.
The easiest thing your competition can do is undercut your price. In fact, the first thing they will copy is your price. It takes no imagination, no creativity, no innovation, no market leadership, and no vision to lower the cost of something. And it hurts all parties involved. Lower prices always mean lower profits. Studies have shown that a 1% drop in price leads to an 8% drop in profit.
What happens when you double your usual price?
Several things. Prospects perceive:
* An increase in the value of your product/service
* An increased level of prestige in owning/using your product/service
* An increased level of trust in you &ndash and all your other offerings (the halo effect)
* An increased level of confidence that your product/service really works
A marketing consultant that I respect once gave me a very valuable piece of advice. She said, “Be expensive or… be free.” Being one of the most expensive providers of a service is remarkable &ndash people talk about their $200,000 Italian sports car or $21,000 platinum-plated cell phone. Nobody talks about their $19,000 GM sedan.
I’ve helped companies double their prices, with great success, and I’ve helped independent consultants double [and in one case triple] their fees. In each of those cases, they got more clients, not fewer. Details on how to do this in Move 3. And perhaps this means you’ll lose a few unprofitable clients along the way. If you don’t lose some unprofitable clients, you won’t have room to serve the more profitable ones when they come along. It’s professional suicide to continue focusing on serving a market sector “that can afford” to pay your old (low) prices. Price doesn’t find clients. VALUE finds clients. And those clients that value your work should &ndash and will &ndash pay according to that value.
Free is also a powerful price point. And, of course, free is remarkable. Which is another facet to moving up &ndash you move up when you give VALUE first. For free. Got a great idea for a prospect? Great! SEND IT TO THEM. Even better, got a business lead for them? Hand it over! Did you come across an article, a profile, or a piece of research that directly impacts their business? Clip it and mail it to the top person with a brief note. That prospect’s door is now open.
Move 2: Move In
Moving in means moving closer to the customer. Live in their world, think about their problems, and think about their clients and prospects. What’s the first step? Research. Preparation. Homework. Industry, regional, business, and company news is now at every salesperson’s fingertips on the Internet. If you’re not intelligently researching your prospect’s issues, challenges, and pressures, how can you possibly come in with a credible solution?
Don’t like sitting at the computer all day? An even better idea is to hit the street. Visit businesses, talk to your contacts in the fields you serve, get some firsthand information about what’s going on in their world &ndash what are their challenges, perspectives, obstacles, priorities; what are their dreams, their “only-ifs,” and their biggest aspirations?
Is this a lot of work? You bet. Do the majority of salespeople put in this kind of effort? No way. Which is exactly why YOU should. That brings us to Move 3.
Move 3: Move Ahead
Moving ahead means going above and beyond what most salespeople are doing. It means putting in the work &ndash yes, the real, hard work &ndash that makes the difference between being a peddler and being a partner.
Want to move ahead? Start by avoiding doing things your prospects dislike.
Here are the top 10 things salespeople do that buyers dislike according to a Purchasing magazine survey. See if you (or your sales team) might be guilty of any of the following professional no-no’s:
10.Failure to keep promises
9. Lack of creativity
8. Failure to make and keep appointments
7. Lack of awareness of the customer’s operation (”What do you guys do here?”)
6. Taking the customer for granted
5. Lack of follow-through
4. Lack of product knowledge
3. Overaggressiveness and failure to listen
2. Lack of interest or purpose (”Just checking in”)
… and the Number 1 dislike: Lack of preparation.
You can also move ahead by charging more (remember Move 1?) and DEMONSTRATING the VALUE of your product service with hard numbers.
In his insightful book, How to Become a Rainmaker, author Jeffrey Fox calls this process dollarizing. Dollarizing is one of the most powerful sales techniques because once you show (with real numbers that your prospect will provide you with) the return on investment &ndash how THIS much spent will generate THIS much savings, or profits, or sales, or new clients, or hours, etc. &ndash you basically shift the conversation from selling what you’re selling to SELLING MONEY.
In my seminars, I do an exercise called “The Money Machine” that will help you spell this out in hard dollars, very clearly.
The Money Machine goes one step further because you can use it monetize against:
* competing products/services
* the prospect doing nothing
* the prospect doing it themselves
* other things the prospect is already comfortable spending money on
For a free copy of my Money Machine worksheet, email me: davidunconsulting.com.
Suddenly, your product/service becomes a real “investment”: meaning, you can show people the math behind “this much IN” for “this much OUT.” There’s nothing much easier than selling money at a discount!
Here’s another way to move ahead: stop the ridiculous game of “closing the sale.” Closing is not a technique; closing is not a trick; closing is not about magic phrases and looks and power games. Closing should be a natural extension of your conversation, and the two most effective questions you should ask your prospect as you near the end of your value-based discussion are:
1. Does what we’ve talked about so far make sense?
2. What would you like me to do next?
Answer to Question 1: If you’ve prepared for the meeting, discussed the prospect’s key issues, and monetized the value of your solution, of course it makes sense!
Answer to Question 2: “Let’s go ahead” or “Let’s do the paperwork.” Or if your prospect answers this with “Get Out” or “Drop Dead,” you have a pretty good idea that the sale is not ready to close. Seriously, carefully listening to the answer to this question will allow you to address any hidden concerns, hesitations, or issues &ndash right then and there before the prospect would otherwise blurt out an abrupt “No!” to any other traditional “ask for the sale” verbiage that so many sales trainers recommend. Remember, you’re not there to sell &ndash you’re there to HELP THE PROSPECT BUY. If you need to tattoo that on your forehead, be my guest.
Move 4: Move Aside
Here’s another thing that most sales and marketing people have a hard time with: you can’t be all things to all people. Move Aside is about finding your niche, and claiming your expertise in a narrow area of specialty. In plain English, this means you want to become the “Go-To Guy” for your specific product or service &ndash the exact opposite of a “jack-of-all-trades and master of none.”
The people you speak with will have a very different reaction to these two mental images of your product/service:
* “I think we can make this fit.”
* “This is exactly what we’ve been looking for.”
Let me give you an example. There’s a real company that lists among its services “Carpet removal, house cleaning, odd jobs, catering.” Now, I don’t know about you, but when I want a caterer, I’m looking for someone who does catering 24/7. I don’t want to have to worry about “Did they wash their hands after the carpet removal job and before serving my guests?” In fact, if I’m looking for a caterer for a wedding, I might even be drawn to “Wedding Bells Catering” much more so than “Sam’s Catering” or “Good Eats Catering.”
Here’s another example. There are lots of graphic design companies that do all sorts of work &ndash websites, logo design, brochures, collateral material, wine labels, book packaging, etc. You name it, they do it. And business is generally OK. (But let’s face it, if they were going like gangbusters, they probably wouldn’t have sought out my help!) Some of them had a hard time differentiating themselves from the competition and others found it challenging to develop a strong client base and referral network. We’ve had some good success developing their current business, but when we delve into the possibilities of “Moving Aside” and carving out a real niche, or developing one thing that is their flagship specialty, most of my clients get cold feet.
One company (not my client &ndash too bad for me!) that has done this with fabulous results is MaxEffect. They made a tough call. They moved aside. They could obviously do a wide variety of things with their graphic design and advertising skills, but they do ONE THING: they work exclusively on yellow pages ads. That’s it. If you want a killer yellow pages ad with bold graphics, custom or stock photography, clean layout, and a strong, compelling message, these are your go-to people. They’ve designed hundreds and hundreds of yellow pages ads and they’ve built a fanatical client base, and they get a steady stream of referrals &ndash not to mention the steady and growing flow of client work.
Check it out for yourself: .max-effect.com
Move 5: Move Alone
Right now, you are lost in a sea of gray. Me-too rules the day. Everywhere you look, there is more and more and MORE of the SAME OLD THING sold by the SAME OLD PEOPLE in the SAME OLD WAY. Boring. And deadly.
The problem is that people don’t buy gray. If you and your company and your offerings blend into the background, you might as well close up shop right now. Let me put it another way: all companies go bankrupt. It’s just a matter of time. Want proof? Out of the 100 largest companies of 50 years ago, 17 survive today. And none of those 17 are the market leaders they used to be.
Why? Shift happens. If you’re not separating yourself from the crowd, you’re blending in &ndash and nobody will even notice you, much less seek you out and tell their friends about you.
Here’s an example of a company that really hasn’t been doing a bad job &ndash but they’re also not the standouts they used to be.
On a recent call to American Express, an executive was straightening out a billing problem. At the end of the call, the operator asked her, “Have I exceeded your expectations for this call?” and the exec flatly answered, “No.” She had a billing problem, and the rep fixed it. That’s the expectation.
Now, if the rep had offered the executive a $50 American Express gift check to be used at any of American Express’ online retail partners, THAT would have exceeded expectations, right? That story would be worth repeating to 10-20 people. Can you imagine the executive telling anyone, “Hey, I called AmEx to fix my billing error. Guess what? They did it!” That’s not moving alone.
Here’s a good test to see if your marketing and sales strategies are in the category of “moving alone” &ndash they are if you’re doing something that:
* is “simply not done” in your industry
* customers will make a remark about (remarkable!)
* goes against conventional wisdom (I call this “uncommon sense”)
* others (including your competition) think is “crazy”
* others (including your competition) will actually be AFRAID to copy
Get silly. Get crazy. Get an attitude. Get noticed.
Author Seth Godin perhaps put this most succinctly when he said, “Safe is risky. And risky is safe.”
Let me conclude with a recap of the 5 Marketing Moves:
1. Move Up = Get more valuable
2. Move In = Get closer
3. Move Ahead = Get smarter
4. Move Aside = Get specialized
5. Move Alone = Get noticed
Taken together, these will also help you make the Ultimate Move = Get insanely great.
And remember the immortal words of Jerry Garcia:
“You don’t want to be considered the best of the best.
You want to be considered the only ones who do what you do.”
Top Secret Business Marketing Strategies. Explained
Posted by Writing Service in Writing Service on 06 28th, 2008Marketing, Marketing, and Marketing.
How well do your market your products and services? How Much do you make a sell out of your marketing efforts? What is your answer? To me, if I do not market products well, I always check my guidelines listed below. I hope those marketing tips work well for your marketing.
Encourage your customers or visitors to e-mail you questions about your product or web site. Just include your sig file with your reply. For example, here is a sig file: Jon Blank, Author And Publisher, .—————-.com
Give out free web space on your server. Many of your visitors may want to publish their own web site. Just require that they publish your banner ad. For example, if you gave away 100 free web pages and got only 1 hit a week off each one, that would be an extra 5200 visitors a year!
Design web sites for other businesses for free. Just require them to publish your banner or text ad somewhere on their home page. For example, you could create web page templates and graphics for them. Other people will see your work and want to visit your main web site for more information.
Make your potential customers forget about the competition. Just tell them to forget with a factual and believable reason why they should. For example, you could say, “You should just forget about doing business with our competition, they don’t offer free shipping like we do.”
Set up a joint venture with your competition if you can’t beat them. You could agree to work together to beat the other competition then share the profits. For example, you could create a product together that you both could promote or you both could share advertising costs to promote your businesses together.
Visit chat rooms where your potential customers would gather. You can lurk and do market research or mention your product to people. For example, you may read many of the same posts about wanting to learn more about e-book marketing. So, right there would be a good product idea.
Make your web site “sticky” by building a large directory of web sites your visitors would enjoy. It saves them precious time searching for them. For example, if your target audience is interested in online greeting cards, create a web site directory full of links to similar sites.
Start a free-to-join business association from your web site. Just ask all members to place your association logo and link on their web site. For example, if you had 1000 members, that would be 1000 people indirectly promoting your web site without paying them affiliate commissions.
Make extra revenue by selling advertising space on your web site, in your e-zine, in your free e-books, on your classified ad site, etc. For example, you could have a list of all the spaces your visitors could advertise and the price of each space.
Switch your marketing plan when your market dies for your product. Be flexible and redesign your product for a different market. For example, if your e-book is about starting an accounting business, you could rewrite it for a gardening business.
Thanks for reading my marketing tips and strategies. I will list more marketing tips on the next issue. Hope those marketing techniques improve your sales and business growth.
Basic Marketing Dope
Posted by Writing Service in Writing Service on 05 31st, 2008Sometimes the simplest data is the best. Marketing is not complex if you know the basics &ndash that’s true with anything by the way. Here are some tools that are brilliantly simple and with them you really won’t have to sweat the small stuff.
Hot Dope #1) The more that your potential customers see your name in front of them, the more likely they are to call your number (and not someone else’s) when they need the services you offer.
Many marketing efforts go unrewarded, not because they were off target but simply because they weren’t given enough of an opportunity to work. Showing your TV commercial one time, running an ad in the newspaper once, or doing one mailing of postcards may not be enough to grab and keep the audience’s attention.
Get your name out there, do it on a regular basis and people will remember you when they need someone in your line of business. Actually, this particular “Hot Dope” cannot be stressed enough &ndash and failure to adhere to it is the #1 reason new businesses fail.
You should also know that taking the time to really see which pieces will generate the response you want will pay off. Don’t just totally give up when a response is low &ndash persistence is vital.
Hot dope # 2) Measure your Return On Investment (ROI) in terms of actual MONEY not response rate. An advertising vehicle is working when the MONEY that it brings in has more value than the MONEY and time that is spent on the marketing.
Don’t fall into the trap of becoming discouraged by a small number of callers responding to a large number of pieces. If you spend several hundred dollars to be in the view of a few thousand possible leads, it may only take a few customers responding for you to make enough of a profit for this type of marketing to be valuable. The usefulness of any vehicle can only be determined after the amount of income generated by the promotion has been calculated. If you spend 1/5 of what you generate or generate 5 times what you spend, your campaign was successful.
Hot dope #3) It is much easier to “sell” a prospect once you get them to call or come in to your store. In 2-Step Marketing, step 1 is to get them interested; step 2 is having them speak to a representative to get all the details &ndash and get “closed” by that representative.
Your design must be eye catching and informative, but don’t try to close the sale by explaining all of the details in one piece of advertising. The details of a business transaction often take many more words to explain than the main concept of what is being sold. For example, if your company offers great prices depending on the quantity purchased, there is no need to list the prices for every quantity that you sell. Simply give examples of two or three different quantities and state somewhere in the advertisement that other discounts are available for other quantities. This will prompt them to call to get the rest of the details once you have gotten their interest.
Marketing can be as simple as 1-2-3 when you know the basics. By no means have I given you all the basics here, but by learning and implementing these 3 marketing fundamentals, you are already on your way to marketing success!
Postcards - Picture Perfect Promotion
Posted by Writing Service in Writing Service on 09 19th, 2007There is a simple but almost mystical law which governs promotion and marketing and their relationship to the amount of business generated: business will come in to the degree that you get your message out, promote, let people know you are there, advertise, write to people, call people, e-mail people and generally communicate to existing or potential clients.
It isn’t a fact that registers easily and it almost takes faith to follow this dictum until you have seen it work over and over in all sorts of different businesses and organizations (as I have).
This law transcends market conditions, the activities of your competition, acts of terrorism, time of year, the alignment of Mars with Jupiter and all the million and one explanations we frequently fall back on when business is slow. All these conditions may be present but there is still a way to rise above them: just promote more heavily and frequently and business will start to pick up again. It never fails.
It’s almost a natural instinct when times get a little tight or business is slow to cut down on expenditure. You hear people talking about tightening their belts. Too often the first expenditure companies seek to cut is their marketing and advertising dollar, and that is a serious error, a guarantee of contraction. You have to step up the promotion, not cut back. The trick is to find ways to get the maximum results with the minimum expenditure, but never to cut back and promote less. That’s suicide. Here’s one way to increase promotion while keeping costs down.
You don’t have to open a postcard!
We have found more and more brokers are turning to high quality, four-color postcards as the best form of direct mail. It’s time to pass on the information for those who haven’t yet discovered this cost-effective way of getting the word out and the business in.
This is especially timely advice as the national anthrax scare &ndash whether you give credence to it or not &ndash has resulted in a certain caution when it comes to opening envelopes from unknown sources. One great advantage of the postcard is that it doesn’t have to be opened &ndash there is nothing hidden about it and nothing to be scared of.
Quite aside from the anthrax angle, the fact that a postcard doesn’t need to be opened has another advantage: it has a chance to get its message across before it is dropped into the garbage can as “junk mail.” An envelope can be tossed in the trash without even being opened, allowing the hard-hitting promotional material inside no chance at all to get its message across.
The chances are fairly high that if you have a brightly colored image on the front of your postcard it will attract enough attention to get an initial glance. If your headline is a good one and invites further interest, then your postcard will be read and you will have succeeded in delivering your message. If the reader is even vaguely interested in what you are trying to sell, you may well get a visit or a call.
Cost-effective!
Even though it is imperative to promote more than ever when the economy is sticky or business is slow, that doesn’t mean you can’t cut costs in the process.
Many brokers are convinced that a full-color postcard with the right message on it, mailed out to previous clients (for re-financing for example) or to prospective borrowers gets the most bang for the advertising buck of any form of promotion, even when they also advertise in print, on the radio and TV, sky-writing, you name it.
You can mail out a postcard up to 4 1/4 inches by 6 inches for between 17.5
Direct Mail - Don
Posted by Writing Service in Writing Service on 09 19th, 2007Where to Start:
Most novice marketers have definite fixed ideas about direct mail that are way off base - most often in the area of what to spend and how much to do. You should determine what you are able to spend for your marketing budget, spend it, and determine the maximum number of leads that you can create. For instance, I’ve heard this statement quite often: “We aren’t that large of a company. How could we send out 2,000 postcards all at once? “Because “What if they all call?” &ndash seems like a valid concern, right?
Here is the reality behind it: Unfortunately they won’t all call. However, a good deal of them very well may and making sure that your traffic in is not more than you can handle is something to think about. Truthfully, there is no sure way to tell exactly how many people will call if you haven’t done this type of marketing before. Think of it this way. What would happen if they did all call? You may not be able to handle all of them, but you would handle as many as you possibly could, right?
In this scenario, you would have maximized your income for that time period providing you could close up all those callers! You can also explore the idea of expanding your operation to handle the number of leads that you can create.
What if you didn’t max out your promotion at the very start? You can afford to send out 4,000 pieces every two weeks but you think that you will simply get too many calls to be able to handle them all. You, instead, send out only 2,000 and the response is decent. However, you still have some down time where you are having to try to “manufacture” sales.
You saved $400 in marketing money but you had enough down time where you could have closed quite a few more sales than you did. The question now is “Which gives me more money in my pocket? Saving $400 on marketing or closing quite a few more sales and earning an extra couple of G’s potentially.” More than likely the answer is to spend as much as you possibly can on your marketing, right?
By spending all that you can afford on marketing when you start a program you maximize your income almost immediately.
Okay, Time to Track Results.
Hopefully you have more than one way that you try to recruit new customers. So how do you know which ones are working and which aren’t? Set up a system to track the results.
Let’s take for example a situation in which you decide to start a Postcard Marketing Campaign for your business. The first week you send out 3000 postcards. When they start hitting homes you get 30 calls. Did all of these leads come from the postcards? Probably not. Because the week before you got 8 calls and hadn’t sent out any postcards yet. So how can you tell who actually got a postcard?
The Answer: All you have to do is ask them. “So how did you hear about our company?” The hard part is making sure that any employee in your company who answers the phone and may talk to a new prospect remembers to ask the question every time. The fewer prospects who answer this question, the less accurate your information will be when making future marketing decisions.
Now let’s assume that you have been sending out postcards for a while and you have a good number of calls coming in. If you ask the question “So how did you hear about our company?” they may respond, “I got your postcard in the mail.” But, by now you have mailed postcards to 4 different lists, 3 times each. How do you tell which list and which mailing this customer was from?
The Answer: Put a marketing code on the postcards that will tell you which specific postcard they received and when it was mailed.
Give each list a name and work the date into your marketing code as well. And the only thing your representatives have to ask is “Would you mind reading me the marketing code above your address?” This code should give you all the info that you need to know and help you keep your Marketing Results Tracking as accurate as possible.
Try not to operate off of assumptions about “how to market” if you haven’t educated yourself. And make sure you collect all the data and make your future marketing decisions based on the facts.
Raise Your Income!
Posted by Writing Service in Writing Service on 08 28th, 2007How often do you sit around and wonder how to make more money and get more people to buy more from your company? It’s one of the most basic problems every company faces.
The answer is astonishingly simple. Too simple maybe. But I’ve seen it work over and over again with our customers in every line of business you can imagine.
You have to promote. Your income is determined by how much marketing you do. There are many effective marketing methods and you shouldn’t do just one. Even those whose products are strictly sold on-line, you still need to utilize those other methods of promotion. Your income is definitely 100% affected by how much promotion you do.
So raising your income is simply a matter of keeping in touch with your existing customer base, reminding them you are there, offering them goods or services they might be interested in, in such a way that they
want to buy more and more often from you. And increasing the size of your customer base by finding and contacting potential customers and persuading them to buy your products or services and then adding them to your customer base and keeping in touch with them in the same way.
If you have a good service or product and you make sure you service your customers well, you cannot fail to raise your income.
How rapidly you raise your income depends on how rapidly you do these actions, how much you promote. Handling the quantity or volume of promotion is definitely the most obvious thing you can do on an immediate basis. Believe it or not, if you send out crappy, crappy promotion, your income will go up. You may not be happy with the Return on your Investment (ROI) for that marketing effort, but definitely it will raise your income. Once quantity is handled and you are sending out loads of promotion, you want to tweak it and raise the quality of your promotion. And here are some things you can do.
Use Offers to Improve Your Response.
One of the barriers to buying which you work hard to overcome is “no hurry.” Why buy it now when I can think about it for a few weeks, shop around a little and get back to you, maybe? Familiar with that “I’m
interested. I’ll get back to you.” Or the card you have designed and mailed out gets put in a drawer somewhere for possible follow up, maybe next year some time.
One way to deal with this is to reward those who buy now and penalize those who don’t. How? With some special offer and one that is attractive and one which has a time element attached to it. “Order your new
lawnmower now and we’ll give you a free edger. Offer good until the end of May.” (Or whatever, you get the idea). Obviously the offer must be financially feasible for you so you’ll have to do some number crunching before you make the offer.
You can tie these special offers in to some particular event or season (like jewelry for Valentine’s Day or flowers or chocolates or just about anything for Christmas) but you don’t have to.
Special Offers help you maximize on your direct mail marketing and keep your customers ordering from you when you want them to. It’s just one more way to be in control of your promotion.
You can control how much and how fast your company grows.
Marketing - Like a Game of Chess
Posted by Writing Service in Writing Service on 07 4th, 2007Have you started thinking about your Valentines Day Promotion yet?
It may sound like a strange question on the day before Thanksgiving but it really isn’t. When scheduling your promotions it is like a game of chess. You should always be thinking at least 3 moves ahead.
In this case each “move” should be one month. Therefore you should have been
thinking about your Valentines, or February promotions as you fall asleep after your big Turkey dinner.
There are a few reasons why you need to have your promotions figured out that early.
Getting Promo Out Takes Time.
By having it all worked out months in advance you give yourself enough time for the logistics. Getting the concept down, getting artwork put together, printing, and mailing all have to be done and this can take several weeks from being an idea in your head to being a piece of promo in your customers hands. You are also going to want to have the piece in your customers’ hands at least 2 weeks before the sale or event.
Get the Message Out Multiple Times.
Getting your promo out early lets you drive your message home through repetition. Take Christmas for example. If you start mailing to your customers in the beginning of November, you will be able to cement your company name in their head because you will be able to mail to them multiple times before they have to make their Holiday purchases. On the other hand if you start mailing to them in late November or Early December you will not have the time to do multiple mailings. Getting one mailing out at that stage will still be much better than not sending anything at all, but nothing works better when promoting than multiple mailings with the same message to the same list.
Free Up Time for Running Your Business.
Most people who own a business do their own marketing. Thankfully marketing is one of the few things in a business that you can do far in advance. By scheduling your holiday promotions ahead of time you will make yourself available to wear all of the other hats that you do around your business.
Scheduling promotions can seem like a huge task, but some things are just worth the extra thought. It really isn’t that daunting. Once it is done, then you’ll have time to put your ideas and energy on other areas that need your attention so that you maximize your efforts toward expansion.
Check Mate!
There
Posted by Writing Service in Writing Service on 03 5th, 2007All too often people look at marketing ROI in terms of response rate: in other words, “I sent out 10,000 pieces of direct mail and only got 39 responses which is terrible.” This is wrong think.
When it comes to marketing ROI, you have to realize that the term means Return On Investment and the return is measured in dollars (or your local currency). Let’s say you spend $2,000 to get out a bulk mailing of 5,000 pieces and you get 10 calls as a result. Doesn’t look like much. But of these 10 calls you close 6 and get immediate sales of $12,000. That’s marketing ROI! And that’s not even taking into account the future sales to those 6 new customers. It could add up to hundreds of thousands of dollars.
The same simple mathematics apply to any other marketing efforts: radio ads, press releases or articles in magazines, print ads, yellow pages, web site, etc.
Obviously you need to keep track of response from each marketing campaign you do so that you can weed out unsuccessful campaigns and strengthen successful ones.
Case in point:
Jeff Lee, CFO of a very successful consulting company, Measurable Solutions, has adopted a successful small business marketing strategy based on direct mail marketing. Key elements are mailing out a newspaper and full color postcards. The design is done in house and the printing and mailing is done by a specialized postcard printing company. In his own words…
“We get our best response from mailing out a newspaper and back it up with postcards. Depends on the postcards. Some postcards have pulled better than others.
“The professionalism of the postcards is something that is effective: it gets attention, it keeps the image that we want to keep, it creates the reach, it creates the response and keeps our leads in a very high range.
“We probably average around 7,500 post cards per week. Out of 7,500 post cards we’ll get in an average of 15-20 leads. Of the 15-20 leads at least a third of them come to our introductory seminar. So say 5 or 7 people show up and they pay $1,700 a piece. Off of that we close a further $30-40,000 for services.
“The money we have put into the postcards is like a drop in a bucket compared to what we get back. We know that the more promotion we send out, the more return we’re going to get. It always works.”
That is excellent marketing ROI. Measurable Solutions spend about $2,275 for 7,500 full color post cards. That includes printing, postage, mailing (including the mailing list). From that they get between $8,500 and $11,900 in immediate response for an introductory seminar and an additional $30-40,000 follow-up sales. Spend $2,275, earn $40-50,000. You don’t need to have majored in advanced math and rocket science to work that one out: that is what is meant by marketing ROI!
Results of direct mail marketing vary from business to business but the principle holds and always works: if you send out enough promotion, you will make sales and maximize your marketing ROI. Don’t worry about response rate if your marketing ROI is high.
Pizza Operators are Making Dough Grow
Posted by Writing Service in Writing Service on 02 28th, 2007Competition within the Pizza Industry is fierce! The number of dollars that the customers, in your market area, are going to spend is limited. To grow your business, you are going to have to take customers away from your competition. That’s where a sound marketing plan comes in.
“After all these years, it’s nice to reinvigorate your love for your business.” says John McNulty, Shakey’s Pizza licensee. McNulty’s family has owned and operated the El Monte, California Shakey’s Pizza restaurant since 1964. “I purchased the restaurant from my father in 1989. Until five months ago, our marketing efforts were limited. In recent years, advertising rates have dramatically increased. We haven’t been able to keep up, and our marketing dollars have been buying fewer ads. We also focused on the local schools, which has been a combination community service and marketing campaign. Mostly our efforts focused on rewarding students for things like reading, attendance and citizenship,” adds McNulty.
But all that has changed, “Our first marketing campaign using the restaurant marketing software began soon after Thanksgiving, and the results were overwhelming. I was stunned! It far exceeded my expectations,” says McNulty. McNulty offered a “Photo with Santa Party.” School children were invited to participate in a coloring contest and to stop by the restaurant for a free photo with Santa. Winners of the contest were to get a super-sized Christmas stocking packed full of fun toys. Other prizes such as DVDs and a DVD player were also given.
“We wanted to create an event that would bring customers into the restaurant with the hopes to establish goodwill in our community and to obtain marketing contact information from those who participated. From that event alone, we were able to enter 500 families into our database. The goal is to discover who our top 500 to 1,000 guests are so that we can target market to them. This has opened up a whole new avenue for me.”
Customers from the “Photo with Santa Party” were encouraged to join the restaurant’s VIP program. The incentives for joining included certificates for a free pizza and other VIP benefits. From the data gathered for the VIP program, McNulty now has developed a Birthday and Anniversary Program.
“This has also opened our eyes to the tremendous potential of business to business marketing. Now I have hired a woman to handle our neighborhood business marketing. She is making contacts with local businesses and opening the doors for potential catering, morning meetings, business luncheons and delivery opportunities. By marketing to businesses, we have already hooked up with a huge car dealership and are delivering food once or twice a week for luncheon parties and meetings. We can already see that there is a lot of potential,” says McNulty.
McNulty continues, “The restaurant marketing software is easy to use: I have really enjoyed the restaurant marketing manuals that come with the software. They have hundreds of great “tried and true” marketing ideas. I’ve also appreciated the individual coaching sessions, which we do over the phone every week. We have lots on the horizon such as our Uniform Day. For that, we’ve invited recruiters from all the armed services as well as the local fire and police departments. They will each set up recruiting stations in our parking lot. We’re advertising through the local high schools. It feels good to be a part of the community, and we know that it will come back to help our business grow.”
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