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Feature ArticleMaking More With Existing Clients
Have you ever put on a jacket you haven't worn in a while and found a twenty-dollar bill in one of the pockets? You'd
forgotten all about it, so discovering it is like getting a
gift. If you've been in business for a year or longer, you
may have gifts in forgotten pockets - sources of additional
revenue waiting to be discovered and tapped.
There are four ways to increase your net profits: reduce
costs, increase prices, attract more clients or sell more
to existing clients. When you consider that it costs you at
least 60% and as much as 600% more to sell to a new client
than to an existing one, it's clear that your best
prospects are existing clients.
Are you selling as many of your services or products as you could to your existing client base? Could you increase your revenue by doing a better job of marketing to your existing clients?
You've established your credibility and the value of at
least one of your services with existing clients. They made
a commitment to work with you at least once. How can you leverage this trust and client satisfaction into additional sales?
Tony called me from Washington D.C. with just this
problem. He is an image consultant to politicians and corporate
executives and struggling to increase his revenue. His new
clients are happy with his services, but the engagements
rarely extend beyond the initial contracted project. He is
having a tough time getting repeat business. Tony knows his
existing and past clients represent additional revenue but
he doesn't know how to mine it.
Once you have a client, what's the best way to sell them
more of your products or services?
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The biggest mistake that most small business owners make is to think that after they've competed the initial s.ale,
their marketing job is completed. The opposite is true.
Once you've made your first s.ale to a client and secured a
commitment from them with a payment, you should begin your
marketing effort to get them to buy again.
Of course, you don't want to constantly be "selling" to
clients. That would get tedious for you and your customers
and they'd be unlikely to want to maintain the
relationship. Instead, continue to educate them about
their areas of need and how you help clients. Use your
products and services to provide value and to educate
clients so they can discover what they need and want, even
if they've n.ever thought about it before.
For example, I've been working with a sports trainer to
complete my recovery from shoulder surgery. In our first
session he showed me which muscles needed to be
reprogrammed with exercise to return to normal functioning.
The obvious conclusion of his explanation was that I needed
to work with him again to achieve my goals. Just by sharing
a little knowledge he successfully extended the project.
This approach isn't clever or devious; it is based on the notion that an informed buyer - an educated consumer - is
your best client. Here's how it works in practice:
1. Help Prospects Become Clients by Focusing on their Problems
People buy solutions to problems or needs that they know exist. Get your prospects' attention by focusing your
marketing message on the problem(s) you solve in order to
get them to visit your web site or contact you. Then use
your conversation or your marketing copy to help prospects
further define their problems or concerns. Do this well and
they'll clearly see the need for your products and services.
Do you have an article for Web Sm@rts? Send to Web Sm@rts
Placing your article in Web Sm@rts is a great way to
gain exposure for you and/or your business! Each article is
published with your name and web site, plus a short 'resource box' at
the end of the article.
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2. Continue to Educate Prospects and Clients
Clients buy from you when they know how you can help them. That's why they initially contracted with you or bought your products and services. Once you've signed on a new client, don't assume that they understand the range of services or products you market. They may not even fully understand what they've bought. Use each contact to continue to educate your clients and help them understand the issues, problems and solutions relative to your area of expertise.
For example if you're a financial advisor and you've been hired to help a client with their investments, you might ask them a q.uestion about their estate planning, tax situation, insur.ance policies or retirement plan and provide them with an idea they can use. Each time you do this your client will learn how limited their own knowledge is and understand more about why they need your assistance
in additional areas.
Instead of selling clients on additional services, educate them. You'll create a perception of need and increase sales.
3. Transform Client Satisfaction into Additional Sales
Do you have clients and customers that appreciate your
products and services? Don't wait until your contract is
complete to tap the goodwill you've generated by helping
them. Regularly ask them q.uestions designed to get
responses like, "I couldn't have done it without you",
"Worth every penny", etc. Just after your clients have
provided positive feedback is the perfect time to ask them
a couple of questions to identify needs and to mention the
solutions you provide.
Once you've gone to all the effort to attract a new client don't walk away from the rest of their needs just because
they haven't identified or clarified them yet. Educate your prospects and clients at every step of the way about the problems you solve and they'll understand why they need more of your products and services. You'll discover pockets of opportunity to help your clients and increase your revenue.
**************
The author, Charlie Cook, helps service professionals, small business owners and marketing professionals attract more clients and be more successful. Sign up to receive the Free Marketing Plan eBook, '7 Steps to get more clients and grow your business' at www.marketingforsuccess.com
**************
As part of our ongoing commitment to provide quality content, we
would like you to take a moment to rate this article on a five point
scale.
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......................................................................
..........................................
This week's TIP
Indenting Text
The <blockquote> tag enables you to indent your text from the left and right margins within your web page. however, it won't enable you to indent your text from just one side.
If you would like to indent your text from the left margin only, you can use the <ul> tag (the same tag you would use to create a bulleted list). the only difference is that you won't use the <li> tags with it. your text will be indented just as a bulleted list is, but there won't be any bullets.
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Here is an example using the <ul> tag without the <li> tags. I have created a border to signify a web page. Notice how the text is indented from the left margin only. Perhaps the best part is that this technique displays well on all major browsers and validates too!
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* Get these syndicated tip feeds for yourweb site, free. *
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- Create metatags which describe your
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Second ArticleImportance of Integrated Marketing
In today's world when there is a trend towards old wine
in a new bottle thinking many a people don~t take
integrated marketing seriously. They simply consider it
to bet yet another fad, here today gone tomorrow.
However, this is not the case. In fact, integrated
marketing is an amalgamation of all the marketing roles,
resources and responsibilities catering to all kinds of
customers. These customers could be present or future,
internal or external. The function of integrated
marketing is to attract the customers through marketing,
promotional and customer service activities. It is due
to the far-reaching approach of integrated marketing that
many companies consider it to be the smart option.
The key driver for implementing integrated marketing
is that when everything works together, you have a
higher chance of delivering successful outcomes on
your marketing and business goals. Having several
different departments who don't talk to each other
does not send a unified message to your audience
and can wreak havoc with your branding. You are also
wasting resources by not pooling ideas or having a
cohesive unit that is strong and manageable.
Unfocused marketing efforts are ineffective and wasteful.
Integrating all aspects of marketing into one
department ensures that your company's strategic
marketing plan is being followed because it can be
led, driven, monitored and championed by one or two
individuals. If each department does their own
marketing, it's difficult to measure and evaluate the
results effectively. Also, why leave the marketing up to
accountants, assistants, and IT people? Marketing
should be done by marketers. Accounting should be
done by accountants. It just makes sense to get
certain professionals to do the jobs they are trained for.
This new strategy of having integrated marketing set up,
where all aspects of marketing are clubbed under one
department ensures that there is one common strategic
marketing plan which is being followed. Since there is
one marketing department for all the divisions, the
marketing plan will be driven, led, monitored and the
responsibility of few select professionals. In a scenario
where each division of the company has its own marketing
plan and activities, it is difficult to measure and
evaluate the results and effectiveness of each divisions
plans. At times in these kind of scenarios, it is
difficult to hire marketing professionals, specially if
the amount of marketing activity for that division does
not permit the hiring of an extra professional. In these
situations say for an accounts division, an accountant
will be given the additional responsibility of handling
the marketing activities for that division. There is no
point in getting marketing activities handled by the
accounts people and vice-versa. Marketing should be done
by marketing professionals and Accounting should be done
by accountants, period. It makes good business sense to
get certain professionals to do the jobs they are trained for.
For good and an effective marketing program it is
important that all your marketing resources should work
together each complementing the other. This is important
to keep your brand identity strong. Don~t make the
mistake of scattering your resources and saying one thing
to the press and another in the print ad. All your
messages to the people should say the same thing.
Otherwise, you will end up with a weak, unproductive
marketing program with thinning resources.
**************
Scott F. Geld is the Director of Marketing for MarketingBlaster.com, a company specializing in affordable traffic (5 cents/visitor) and direct links for $5/link. For more information please visit: www.MarketingBlaster.com
**************
Download of the Week |
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