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	<title>Small Business Marketing &#187; Profits</title>
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		<title>How To Make More From Each Client</title>
		<link>http://www.marketingforsuccess.com/ic/profits/make-more-from-client/</link>
		<comments>http://www.marketingforsuccess.com/ic/profits/make-more-from-client/#comments</comments>
		<pubDate>Tue, 23 Feb 2010 18:36:11 +0000</pubDate>
		<dc:creator>Charlie Cook</dc:creator>
				<category><![CDATA[Profits]]></category>

		<guid isPermaLink="false">http://www.marketingforsuccess.com/ic/?p=1308</guid>
		<description><![CDATA[Discover the four ways to sell more to every client you already have.]]></description>
			<content:encoded><![CDATA[<p style="text-align: left;">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&#8217;d forgotten all          about it, so discovering it is like getting a gift.</p>
<p style="text-align: left;">If you&#8217;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.</p>
<p style="text-align: left;">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          a new client than to an existing one, its clear that your best prospects          are existing clients.</p>
<p style="text-align: left;">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 your to existing clients?</p>
<p style="text-align: left;">You&#8217;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.</p>
<h4 style="text-align: left;">How can you leverage this trust and client satisfaction          into additional sales?</h4>
<p style="text-align: left;">
<p style="text-align: left;">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.</p>
<p style="text-align: left;">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.</p>
<p style="text-align: left;"><strong>Once you have a client, what&#8217;s the best way to sell them more of your          products or services?</strong></p>
<p style="text-align: left;">The biggest mistake that most small business owners          make is to think that after they&#8217;ve competed the initial sale, their          marketing job is completed. The opposite is true. Once you&#8217;ve made your          first s.ale to a client, secured a commitment from them in the with a          payment, you should begin your marketing strategy to get them to buy          again.</p>
<p style="text-align: left;">Of course, you don&#8217;t want to constantly be &#8220;selling&#8221; to            clients. That would get tedious for you and your customers and they&#8217;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&#8217;d n.ever          thought about it before.</p>
<p style="text-align: left;">For example, I&#8217;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.</p>
<p style="text-align: left;">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&#8217;s how it works in practice:</p>
<p style="text-align: left;"><strong>1. Help Prospects Become Clients by Focusing on their          Problems</strong><br />
People buy solutions to problems or needs that they know exist. Get your          prospects&#8217; attention by focusing your business marketing message on the          problem(s) you solve in order to get them to visit your web site or contact          you.</p>
<p style="text-align: left;">Then use your conversation or your marketing copy to help prospects          further define their problems or concerns. Do this well and they&#8217;ll clearly          see the need for your products and services.</p>
<p style="text-align: left;"><strong>2. Continue to Educate Prospects and Clients</strong><br />
Clients buy from you when they know how you can help them. That&#8217;s why            they initially contracted with you or bought your products and services.            Once you&#8217;ve signed on a new client, don&#8217;t assume that they understand            the range of services or products you market. They may not even fully            understand what they&#8217;ve bought.</p>
<p style="text-align: left;">Use each contact to continue to educate            your clients and help them understand the issues, problems and solutions            relative to your area of expertise.</p>
<p style="text-align: left;">For example if you’re a financial advisor            and you&#8217;ve been hired to help a client with their investments, you            might ask them a question about their estate planning, tax situation            or insurance policies or retirement plan and provide them with an            idea they can use.</p>
<p style="text-align: left;">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.</p>
<p style="text-align: left;">Instead of selling clients on additional services, educate them. You&#8217;ll          create a perception of need and increase sales.</p>
<p style="text-align: left;"><strong>3. Transform Client Satisfaction into Additional Sales</strong><br />
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 questions            designed to get responses like, &#8220;I couldn’t have done it            without you,&#8221; &#8220;Worth every penny,&#8221; etc.</p>
<p style="text-align: left;">Just after your            clients have provided positive feedback is the perfect time to ask            them a couple of questions about to identify needs and to mention the            solutions you provide.</p>
<p style="text-align: left;">Once you&#8217;ve gone to all the effort to attract a new client, don&#8217;t walk          away from the rest of their needs, just because they haven&#8217;t identified          or clarified them yet. Educate your prospects and clients at every step          of the way about the problems you solve and they&#8217;ll understand why they          need more of your products and services. You&#8217;ll discover pockets of opportunity          to help your clients and increase your revenue.</p>
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		<title>How To Turn Prospects Into Super Clients and Maximize Your Profits</title>
		<link>http://www.marketingforsuccess.com/ic/profits/prospects-into-super-clients/</link>
		<comments>http://www.marketingforsuccess.com/ic/profits/prospects-into-super-clients/#comments</comments>
		<pubDate>Fri, 05 Feb 2010 16:17:08 +0000</pubDate>
		<dc:creator>Charlie Cook</dc:creator>
				<category><![CDATA[Profits]]></category>

		<guid isPermaLink="false">http://www.marketingforsuccess.com/ic/?p=1364</guid>
		<description><![CDATA[Use these 4 simple strategies to get your customers and clients to spend 2-3 times as much so you can maximize your profits.]]></description>
			<content:encoded><![CDATA[<p style="text-align: left;">Marilyn is a psychologist who called  		              to find out how to increase the ‘sales’ from her  		              web site. She’s determined to use her site to  		              build a tele-consulting business so she can give up the commute  	                from New Jersey to her Manhattan office.</p>
<p style="text-align: left;">She had a professional-looking web site that  		            was getting a good number of visitors, but very little lead generation.</p>
<p style="text-align: left;">Why not? Why weren’t prospects  		            visiting her site and then immediately picking up the phone? And  		            what could she do about it?</p>
<h4 style="text-align: left;">Marketing is about attracting attention;  		              moving people to become prospects, to try your products and services  		              and to sign up for your top end services or buy everything you  		              sell.</h4>
<p style="text-align: left;">For many it can seem complex and overwhelming  		              but it’s simply a matter of helping people move from point  		              A to point B to point C.</p>
<p style="text-align: left;">Every web site and business owner wants their  		            lead generation prospects to become high paying clients, but most web sites don’t  		            provide prospects with pathways to follow from point A to B and  		            to C, to become mid-level or super clients.</p>
<p style="text-align: left;">Let me explain…</p>
<p style="text-align: left;">Imagine that you’re opening a new restaurant  		            in a three-story building. The first floor is the lobby or waiting  		            area. Moving up to the second floor, customers can order individual  		            items from your menu a la carte; the prices range from $5 to $19.  		            Customers who move up to the third floor can enjoy a spectacular  		            view and a 4 course, fixed price dinner served with wine for $70.</p>
<p style="text-align: left;">You’re ready to open the doors and start  		            making money. There’s just one problem. The architect for  		            your building didn’t include any staircases or elevators.  		            People can’t move from one floor to the next.</p>
<p style="text-align: left;">Of course, no one would build a restaurant like  		            that but in fact, that is how many online and consulting business  		            are structured. One of the biggest marketing mistakes people make  		            is not providing prospects with options for moving from point A  		            to B to C. In many cases the pathways don’t exist or the  		            doors to the stairs aren’t obvious.</p>
<p style="text-align: left;"><strong>Ready for your web site marketing to  		              generate more paying customers and or super clients?</strong></p>
<p style="text-align: left;">Want to make it easy for prospects to become  		            super clients?</p>
<p style="text-align: left;">Marketing pundits will tell you that to get prospects  		            to buy your top end services, you first need to get them to buy  		            your $29 product, then your $200 product, and then these customers  		            will be ready to spend thousands.</p>
<p style="text-align: left;">It’s true you need to create simple and  		            obvious pathways for prospects to follow to become clients, but  		            don’t take this linear pathway idea too literally. While  		            some customers will follow it, others won’t. Give your prospects  		            multiple ways to try out your products and services.</p>
<h4 style="text-align: left;">Structure your marketing pathways with  		              the following in mind:</h4>
<p style="text-align: left;"><strong>1.</strong> Your first marketing goal  		            is to get people in the door so they can get to know you. The best  		            way to do that is to give something away for free. Offer prospects  		            something they want. If you are opening a restaurant, free beer  		            or wine would be a start. Online, free reports, online courses,  		            or audio and video files can be successful offers. Or if you sell  		            products, contests, and special offers work.</p>
<p style="text-align: left;"><strong>2.</strong> Once you’ve got a prospect  		            interested, the temptation is to try to make a sale right away.  		            Don’t. Take a deep breath and count to three. Rushing the  		            sale can kill it. Your prospects will become paying clients when  		            they know you, trust you and are sure you can help them.</p>
<p style="text-align: left;">You’ve gotten their attention with your  		            free offer. Now educate them about the core areas where you can  		            provide assistance. Give prospects a sample of your best goods.  		            Finally, explain the solutions you offer in terms of their problems  		            and how you solve them.</p>
<p style="text-align: left;"><strong>3.</strong> Your freebies will attract  		            three basic types of prospects: people who like freebies and aren’t  		            buyers; people who have limited budgets but will buy your entry  		            and mid-level products; and people who have unlimited funds and  		            may buy one of your entry-level products or may jump right to your  		            top end services.</p>
<p style="text-align: left;"><strong>4.</strong> You’ll make the most  		            money from people who buy everything you sell or who spend tens  		            of thousands of dollars on our services, so how can you get more  		            people to become these super clients?</p>
<p style="text-align: left;">Every web site and business owner wants their  		            prospects to become high paying clients. The more you give away,  		            the more prospects will move from testing your free stuff to immediately  		            becoming your best clients.</p>
<p style="text-align: left;">Imagine if instead of just offering free peanuts  		            in the lobby of your restaurant, you offered a sampling of the  		            best appetizers served on the top floor along with wine to match.  		            More people would be likely to become high-end spenders on their  		            first visit, assuming your building has stairs or a high-speed  		            elevator.</p>
<p style="text-align: left;">Yes, a better freebie will cost you more but  		            you’ll make a lot more if you can motivate prospects to spend  		            two to three times more. I&#8217;ve spent thousands of hours over the  		            last couple of years creating free articles, and reports. The result?  		            Each hour invested has brought me thousands of dollars in profits.</p>
<p style="text-align: left;">Does your web site marketing provide paths for  		            prospects to become super clients? Take a minute to answer  		            these questions:</p>
<p style="text-align: left;">1. What do you do to attract prospects, e.g.  		            to get them in the door?</p>
<p style="text-align: left;">2. If you sell pricey products or services, do  		            you have a low-cost way for people to get hooked on buying from  		            you?</p>
<p style="text-align: left;">3. What pathways do you provide to move first-time  		            customers to become second time customers and spend more?</p>
<p style="text-align: left;">4. Do you provide enough for free to entice some  		            prospects to immediately become super clients?</p>
<p style="text-align: left;">Ready to make your web site sell and get all  		            the super clients you can handle? Ineffective web site marketing  		            is like throwing money in the incinerator and then suffering  		            the indignity of watching it burn.</p>
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