As we all know, there is no such thing as "get rich quick", and anyone who tells you this is a liar. The bottom line is that it's tough to gain a customer. You have to know how to write copy, how to write a good ad, how to make direct mail work, and how to sell more of your products and services to your existing customers.
Marketing isn't easy at all. If you're doing brand advertising, then more than likely you're wasting money on all of your advertisements. I personally would never do brand advertising, because it just doesn't generate the kind of response that I'm looking for. If you're doing brand advertising, then I'm sure that you know what I mean. The true path in business success lies on 2 simple principles:
1) Generate a lead 2) Follow up on this lead
That's it. That's the secret. All I do is generate leads in my business. My goal is to have a database of over 100,000 subscribers, all coming to me and doing business, and visiting my blog and forum for more excellent advice. With a huge subscriber list like this, it's kinda easy to get sales.
But what about you? What's the fundamental goal in your business? In order to see alot of repeat sales, you have to really build a mailing list. Even though new people may walk into your store today, that's not where the core of your business lies. The core of your business lies in the "backend selling" to your existing customers.
You see, there's an 80/20 rule in the world of business. 20% of the things that you do will account for 80% of your income. And vice versa. So all of the new customers that you get on a daily basis only accounts for 20% of your total gross profits. 80% of what you will earn in your business, will account for 20% of your efforts. And this 20% comes in the form of selling to your repeat customers.
So you have to prioritize your marketing. It's not like you have hundreds of sales reps selling your products for you. In your business, it's more than likely a one-man operation, so you don't have time to waste chasing after new customers. If I were you, I would focus more of my efforts towards selling more to your existing customers, and focus less on new potential business.
Maybe if you have the funds to hire a new staff member, you can let them go to work on one part of your marketing strategy, while you handle all the other parts. This will make you more productive, but it'll cost you bit due to paying your new employee for help. But the decision all lies with you.
So business riches is attainable - you just have to market more to your current customers and they will reward you with their hard earned money. Make sure your products are top notch, and is something that your customers can see themselves coming back more for.
Take these tips and use them to have success in your business.
Good luck with marketing your products and services.
About the Author:
Get your hands on a FREE 69-page marketing book that you can use to take your offline business to the next level. To download it for FREE, simply visit here now: http://www.renegade-billionaire.com. |