Marketers from every niche have common ground when it comes to bills. Yeah, every month thereís a new stack of bills demanding to be paid. Will there be enough profit to slide right through bill paying time without a flinch? Or do you find yourself fretting about whether youíll even break even? You donít have to be victimized by envelopes and 8×10 sheets of paper. Implement these 3 techniques to boost your sales Newsrector.
1. Find More Customers
The first thing that comes to mind when we think of making more money is getting more customers through our doors. In fact, the majority of advertising focuses on doing just that. There are several things you can do to entice more customers to buy from you.
Marketing gurus have discovered that follow ups can increase your customer conversion rates by as much as 50%. Now, thatís a whopping improvement! Donít let potential customers fade away. Keep the doors for future communication open, and watch the drastic growth in your profits.
Every satisfied customer will tell 3 friends or family members about your business – without encouragement. Imagine what would happen if you start rewarding their efforts.
Get Free Publicity
Nearly everyone keeps a sharp eye on the local news. Hey, itís funner to know whatís going on when you personally recognize the names and faces in print! Find ways to make your business newsworthy and catch the attention of potential customers without even paying advertising fees.
2. Sell More Per Customer
Think about it… how can you get every customer that walks through your doors to spend more money before walking back out the doors? Here are 3 sure-fire, profit increasing tips:
Increase your prices.
Hey, that might not be as bad as you think. Along with the price increase, focus on increasing the perceived value of your product. Yeah, we all expect to pay a little more for high quality stuff. Not everyone is bent on finding the absolute cheapest price in town… they may be more interested in lasting quality.
Add some higher end products or services to your business.
Itís never wise to put all of your eggs in one basket. Thatís why wise marketers diversify their products and services. Think of it this way… higher priced products may not make as many sales, but each sale will bring in a much greater profit. You donít need to make as many sales to come out on the best end of the deal.
Offer every customer an additional product that accents his current purchase at the register. Hey, maybe they forgot theyíd need batteries to go with the toy they’re getting for their niece’s birthday gift! You can be a hero… a richer hero.
3. Sell More Often
The fact that itís easier to sell to the people who know and trust you is obvious. Sometimes we get so focused on new customers that we miss the gold mine in our own back yard. Take advantage of the hard work youíve invested in winning the loyal customers you already have with these ideas:
Create a Special Deal
Show your customers you appreciate them and understand their needs with a special offer catered just for them. Youíll be thanking them, and selling more in the process.
Add New Products
Increase the number of products you already have available – especially products that your customers have asked for. Theyíll know that youíre looking out for them, and youíll take their thanks to the bank.
Resell yourself on a regular basis. Donít forget to let them know about upcoming specials that theyíll appreciate. Most of all… keep selling them on the benefits of the products or services you offer.