So how can focusing on the benefits of your offer increase your sales? It’s a marketing technique that encourages customers to focus on the end result that your product will give them, which is a powerful motivator to encourage customers to buy.
Your offer will have features (specifications) and benefits (the end result). In your marketing focus on the benefits of your service/product, instead of the features. It’s the benefits that sell your product, not the features. For example, does a person buying an anti-aging cream want to know that it contains the ingredient Q10 or that it visibly reduces wrinkles and makes them look younger? Think about how you can use the benefits your product provides in your marketing - you can still list the features, but link them to the benefit that the feature will give your customer.
For example, if you have a business selling a course teaching guitar lessons, you might have three main features that you could translate into benefits for your students:
Feature 1: Over 50 pages of guitar lessons
Benefit 1: Learn to play the guitar in under 3 hours!
Feature 2: Get training on how songs are made.
Benefit 2: You’ll be able to create your very own songs!
Feature 3: Practice on over a dozen songs with step by step instructions.
Benefit 3: You’ll be able to play over a dozen top songs in no time!
Each time, the emphasis is on what the student is actually getting out of the feature by explaining the end result that they’ll receive from that feature.
It’s amazing the difference changing your sales pitch from focusing on features to focusing on benefits instead can do. We’ve seen pitches go from poor conversions to great conversions just by changing that up.
One big trick that we’ve learned over the years is that you can even start your own side businesses mostly hands free by utilizing this concept! To do this fairly easy trick, all you have to do is look for other offers that seem to have lots of happy customers (testimonials, reviews, case studies, etc.) but don’t do a good job on the sales page of talking about the benefits. Many service providers on places like Fiverr.com and other “services for sale” type sites often do a poor job at this, but you can either create your own service (can also work with products) where you use them to fulfill the work for you but with a better sales page, or you can just reach out to them and ask if you can use their testimonials, case studies, etc. as long as you use them to provide the service that you’ll be selling to your prospects. Many are happy to agree to such a thing, and this allows you to literally be selling something within a day without having to do much of any ongoing work yourself. All you do is make a better pitch and sell it yourself!
So, in your marketing, look at how you can emphasize the benefits that customers receive from your service, as opposed to focusing on the features. You can still list the features, as they are important, especially with certain products, but link them to what the customers will get out of that feature. Why should the customer care about that feature - what end result does it deliver to them?
To find out how other simple tweaks can drastically improve your sales, check out this survey tool that helps analyze your business for areas of improvement BizFire's Free Business Analyzer and Growth Tool.
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How To Sell To Other Businesses
Business to marketing seems like a foreign language to many people who are trying it for the first time. The consumer markets seems so much plainer and easier, after all, we're dealing with every day people. With businesses we feel we are dealing with some mysterious entity or some divine VIP, a thing whose persona is foreign to everything we knew in the every day human consciousness.
The reality that most people miss, and it's a well-kept secret, businesses are people. They are decision makers, executives, highly paid company officers, and even midgrade managers. At the end of the day though, they are people, selling to other businesses is no different than selling to people, except that you have to consider the kind of person you're selling to. Much of this involves trying to get into a person's head. What does a business owner or manager need and/or want? What things will improve their lives, and more importantly, the operations of their business? Answering these questions is the first key to selling to other businesses.
1: Identify Your VIP
The first step in creating a strong pitch for your product and service is considering your VIP, there may be more than one to consider depending on how the decisions are made. You have to know who you're selling to and then consider how your business can benefit them personally. As we discussed, you're dealing with real people, and they taking their own needs and desires into consideration as well as their roles in serving the greater needs of the company. Is your contact a buyer, a manger, or a business owner?
Depending on who you're speaking to, you'll want to come with ideas and features about what you have to offer and how it makes their lives easy as well benefiting their employer.
2: Don't Just Sell, Give Them Something They Can Use
Whoever your VIP may be, you can expect that someone has found them too, and they probably get multiple pitches a day for what you have to offer. A simple letter with a sales pitch is no longer enough to draw people in anymore. Because of this, you want to attach your sales pitch to something they can use. Many companies do this by offering white papers. White papers may be written as guides on important industry topics and trends, and may even highlight problems the industry is facing. This can be accompanied by a pitch explaining how you offer a solution. Either way the white papers are free and useful, so there's no harm in reading.
Writing effective white papers isn't easy, but it can be done.
3: Start With Value Over Price
When you're making a pitch to any business, you may find yourselves in the middle of a bidding war. Too many entrepreneurs focus in only on their prices as a way to put their best foot forward. While pricing certainly is important, it's far more vital to highlight the value your product has to offer. What can your product do that others can't. Can it save the company time or money even while requiring an investment? Can it make life easier for managers or help improve employee morale and productivity?
When you're making your bid don't advertise that you are cheap. If anything this will raise red flags if it's all you have to offer.
4: Highlight The Business Benefits
Whether it's in consumer to consumer or business to business marketing, even professionals have made this terrible mistake in copy-writing. Never just tell someone about the features of what you have to offer. Features are boring and no one wants to hear you list them all day long. They want to know how what you have to offer is going to solve a common problem. Just don't tell them “My computers have a lot of RAM” but instead consider, “Are you tired of losing valuable company time and money waiting for your computers to load? With our CPUs high RAM capability your upload, download, and processing speeds will be through the roof. You'll save time, money, and your business will be moving at lightning speed when processing your data!”
Benefits are everything. Nobody wants to know what you can do, everyone wants to know what you can do “For me”
5: Make it Easy To Act
Your call to action (CTA) is the grand finale of any pitch you write. It needs be dazzling and out of the park, but more importantly, it needs to be easy to act upon. Links in emails should be large, thought not obnoxious, and easy to see and click on, and MUST NOT BE BROKEN OR INACCURATE. Contact info should be prominent, accurate, and very visible. Like it or not, nobody likes a hassle. If your final pitch is hard to act on, even a little, or your lead finds it hard to get in touch you may lose your sale to someone else out of sheer convenience.
6: Gather Leads
This probably should have been the first step, but you need to gather solid prospective leads to sell to. It means nothing if you have the greatest product in the world and killer sales pitch to back it up, and no relevant people to sell it to. Gathering leads can be tricky, but made much easier by programs like Macroleads that help you organize, streamline, and even somewhat automate the process.
The reality that most people miss, and it's a well-kept secret, businesses are people. They are decision makers, executives, highly paid company officers, and even midgrade managers. At the end of the day though, they are people, selling to other businesses is no different than selling to people, except that you have to consider the kind of person you're selling to. Much of this involves trying to get into a person's head. What does a business owner or manager need and/or want? What things will improve their lives, and more importantly, the operations of their business? Answering these questions is the first key to selling to other businesses.
1: Identify Your VIP
The first step in creating a strong pitch for your product and service is considering your VIP, there may be more than one to consider depending on how the decisions are made. You have to know who you're selling to and then consider how your business can benefit them personally. As we discussed, you're dealing with real people, and they taking their own needs and desires into consideration as well as their roles in serving the greater needs of the company. Is your contact a buyer, a manger, or a business owner?
Depending on who you're speaking to, you'll want to come with ideas and features about what you have to offer and how it makes their lives easy as well benefiting their employer.
2: Don't Just Sell, Give Them Something They Can Use
Whoever your VIP may be, you can expect that someone has found them too, and they probably get multiple pitches a day for what you have to offer. A simple letter with a sales pitch is no longer enough to draw people in anymore. Because of this, you want to attach your sales pitch to something they can use. Many companies do this by offering white papers. White papers may be written as guides on important industry topics and trends, and may even highlight problems the industry is facing. This can be accompanied by a pitch explaining how you offer a solution. Either way the white papers are free and useful, so there's no harm in reading.
Writing effective white papers isn't easy, but it can be done.
3: Start With Value Over Price
When you're making a pitch to any business, you may find yourselves in the middle of a bidding war. Too many entrepreneurs focus in only on their prices as a way to put their best foot forward. While pricing certainly is important, it's far more vital to highlight the value your product has to offer. What can your product do that others can't. Can it save the company time or money even while requiring an investment? Can it make life easier for managers or help improve employee morale and productivity?
When you're making your bid don't advertise that you are cheap. If anything this will raise red flags if it's all you have to offer.
4: Highlight The Business Benefits
Whether it's in consumer to consumer or business to business marketing, even professionals have made this terrible mistake in copy-writing. Never just tell someone about the features of what you have to offer. Features are boring and no one wants to hear you list them all day long. They want to know how what you have to offer is going to solve a common problem. Just don't tell them “My computers have a lot of RAM” but instead consider, “Are you tired of losing valuable company time and money waiting for your computers to load? With our CPUs high RAM capability your upload, download, and processing speeds will be through the roof. You'll save time, money, and your business will be moving at lightning speed when processing your data!”
Benefits are everything. Nobody wants to know what you can do, everyone wants to know what you can do “For me”
5: Make it Easy To Act
Your call to action (CTA) is the grand finale of any pitch you write. It needs be dazzling and out of the park, but more importantly, it needs to be easy to act upon. Links in emails should be large, thought not obnoxious, and easy to see and click on, and MUST NOT BE BROKEN OR INACCURATE. Contact info should be prominent, accurate, and very visible. Like it or not, nobody likes a hassle. If your final pitch is hard to act on, even a little, or your lead finds it hard to get in touch you may lose your sale to someone else out of sheer convenience.
6: Gather Leads
This probably should have been the first step, but you need to gather solid prospective leads to sell to. It means nothing if you have the greatest product in the world and killer sales pitch to back it up, and no relevant people to sell it to. Gathering leads can be tricky, but made much easier by programs like Macroleads that help you organize, streamline, and even somewhat automate the process.
Using Trust To Build Your Business: What You Need To Know To Use Referrals To Your Advantage
Have you ever tried a product or service based on the word of a friend, colleague or family member? Many of us have, because we trust that person and are more likely to take their recommendation over someone we don’t know. This is the power of referrals. Ask your current customers if they have friends, family, or people they know that they think would love your service, then contact those people on behalf of them, offering your services/products. This is a great way to get access to potential new customers, while also having a warm introduction – you’re not cold-calling (or emailing!) them, as you’re essentially being introduced by their trusted friend/family member (your current client).
For example, say you have an ecommerce business where you sell natural beauty products. You could email out to your customers, asking them if they know anyone that would love your products as much as they do. If so, ask them to pass on the email address of those people and explain you’ll not only offer their friend a free sample of your most popular product, but that they too will receive a bonus 15% off their next purchase online as a thank-you. When you email the new lead with your free sample offer, mention that their friend thought they’d like your products, which is why you’re emailing and would love to offer them this free sample as a gift.
So put the power of referrals to work for you and piggy-back on the trust that your customers have already built with their friends and family. Ask your customers if they know people they think would love your product/service, and if they’d be willing to pass their contact info on to you. Contact those people on their behalf and make them a special offer!
Are you after other great ways to reach new leads? Check out a demo of this software, which can help you find new leads already interested in your niche, and grab a special deal! Web Fire
For example, say you have an ecommerce business where you sell natural beauty products. You could email out to your customers, asking them if they know anyone that would love your products as much as they do. If so, ask them to pass on the email address of those people and explain you’ll not only offer their friend a free sample of your most popular product, but that they too will receive a bonus 15% off their next purchase online as a thank-you. When you email the new lead with your free sample offer, mention that their friend thought they’d like your products, which is why you’re emailing and would love to offer them this free sample as a gift.
So put the power of referrals to work for you and piggy-back on the trust that your customers have already built with their friends and family. Ask your customers if they know people they think would love your product/service, and if they’d be willing to pass their contact info on to you. Contact those people on their behalf and make them a special offer!
Are you after other great ways to reach new leads? Check out a demo of this software, which can help you find new leads already interested in your niche, and grab a special deal! Web Fire
How To Make Money Using Social Media
It takes a while to understand that social media sites are developed for more than just entertainment and de-escalation of boredom. You can make money through social media without selling anything. These platforms are, believe it or not, perfectly designed to be used as money-making machines. It may take you a little time and a lot of effort to get recognized by other social media users. You'll need to build an image and audience on social media. You'll need to build an audience and engage in an effective social media content strategy. Over time, as your audience grows and you accumulate more and followers a number of new income opportunities may open up to you, and you'll never have to create a store or start your own business if you don't want to. Once you have a substantial audience, here are some ways you can make money with your popular social media account:
1: Brand Promotion:
Some of the most effective marketing is done through ads and promotions online, but not all of it is pay per click advertising. Many companies will turn to famous and popular celebrities to promote or endorse their products. If you become a social media influencer companies may reach out to you for brand promotion deals. Companies know this is a great way, especially to reach a targeted audience.
Example: Look at Tecno Mobile who launched a Tik Tok campaign to reach out to teen users, which comprise about 90% of the website's audience.
2: Shout-outs:
Shout-outs, especially among young people and millennials, are becoming one of the most common social media promotion tactics. You find someone who is a highly influential social media personality with an audience that fits your target market and you get them to give a shout-out to their audience about your page or business. Not only can you gain new customers this way, but also followers and viewers for your other pages online. If you become influential enough on social media, other influencers and companies may reach out to you for a paid shout-out.
3: Selling Arts And Crafts On Social Media:
Millions, maybe even billions of social media users all over the world have a love for the arts. Who doesn't love seeing the creativity of another person in action through arts, crafts, and other special talents. Showing your creativity and talents in action and putting them on display is a great way to build a solid social media following if you do it right. In addition to getting the influence though, it also opens up the door to money-making opportunities. Many artists are already selling on Instagram, and Facebook is starting to break into E-Commerce as well. If you have talents and hobbies you're good at and passionate about, you may be able to turn it into a social media business.
Keeping Followers Engaged With Content
Building a following and keeping a following on social media follow somewhat similar strategies, in they evolve the constant creation of content. You need content that is original, unique, and will keep relevant users engaged, and it has to be constant. Keeping up with all the content you need to keep your following strong can be demanding, but it's very much worth it, and made easier by user-friendly software like News Poster to help get you started with relevant content rolling on your page.
1: Brand Promotion:
Some of the most effective marketing is done through ads and promotions online, but not all of it is pay per click advertising. Many companies will turn to famous and popular celebrities to promote or endorse their products. If you become a social media influencer companies may reach out to you for brand promotion deals. Companies know this is a great way, especially to reach a targeted audience.
Example: Look at Tecno Mobile who launched a Tik Tok campaign to reach out to teen users, which comprise about 90% of the website's audience.
2: Shout-outs:
Shout-outs, especially among young people and millennials, are becoming one of the most common social media promotion tactics. You find someone who is a highly influential social media personality with an audience that fits your target market and you get them to give a shout-out to their audience about your page or business. Not only can you gain new customers this way, but also followers and viewers for your other pages online. If you become influential enough on social media, other influencers and companies may reach out to you for a paid shout-out.
3: Selling Arts And Crafts On Social Media:
Millions, maybe even billions of social media users all over the world have a love for the arts. Who doesn't love seeing the creativity of another person in action through arts, crafts, and other special talents. Showing your creativity and talents in action and putting them on display is a great way to build a solid social media following if you do it right. In addition to getting the influence though, it also opens up the door to money-making opportunities. Many artists are already selling on Instagram, and Facebook is starting to break into E-Commerce as well. If you have talents and hobbies you're good at and passionate about, you may be able to turn it into a social media business.
Keeping Followers Engaged With Content
Building a following and keeping a following on social media follow somewhat similar strategies, in they evolve the constant creation of content. You need content that is original, unique, and will keep relevant users engaged, and it has to be constant. Keeping up with all the content you need to keep your following strong can be demanding, but it's very much worth it, and made easier by user-friendly software like News Poster to help get you started with relevant content rolling on your page.
Why Businesses Need To Use Social Media?
In the past few years, social signals have become an essential part of a business' website ranking. These trends have only increased as the use of social media has become highly popular around the world. A well-executed social media marketing strategy can greatly boost your business.
Social media is essential for businesses to keep in direct contact with their customers, especially their most loyal ones. Through social media, existing, as well as potential customers for your brand, will have direct access to information about all of the critical updates and additions to your business. For a strong internet presence, you need to make sure that your business's social media accounts are updated frequently and consistently. Engaging and consistent social media content will establish steady interaction with customers and visitors to the page.
If you have a business and you are not using social media websites like LinkedIn, Facebook, and Twitter to promote and market your business, you are likely to lose a large number of potential customers. Too many entrepreneurs have underestimate their importance in the marketplace. Social media has become an enormous market for all kinds of companies.
Some of the most important and direct benefits of having social media platforms for your business are:
Increased traffic
Social media has the ability to reach people anywhere in the world. Business owners must come to better understand the importance of social media. Social media is playing a huge role expanding businesses reach from one simple location to every corner of the world via the world wide web. Through social media, you can keep your customers updated about your business. Moreover, you can form direct bonds with them by answering their questions and requests online.
With a strong social media presence and strategy, you'll build an audience of people checking in regularly. As customers continue checking your social media profiles and website, it will increase the online traffic you receive. Nowadays, a business must be present on social media because it augments the entire experience of marketing and makes your business conspicuous.
It drives more people to your business site, stores, and landing pages and hence your sales will also increase. More traffic, means more money and more opportunity to grow.
Marketing Through Pictures
Social media plays an important role in the success of a business because it's one of the easiest and quickest ways of marketing a business’ products or services. It's particularly appealing because of it's quick ability to capture people's attention through images. People are visual creatures. They are more likely to take interest in things that have some sort of stylish imagery associated with them. Attractive photos, memes, and other visual graphics should be chosen to go along with the ads you post on social media. More people will see it, and more people will click.
Visual appeal is an important aspect of any type of promotion, and it works wonderfully with social media marketing. If this strategy is executed well, the social media user will learn about your services, and will be more willing to buy.
Images are key to expanding the appeal of your businesses, and social media posts are the magnets that attract your customers' eye to them.
Social Media Marketing Is Easy
Even though there are numerous nuances in social media marketing, it is much easier and more cost-effective than the other types of marketing. With the right experience and skills, and a few tools and programs to help, you can easily design and execute an effective social media marketing strategy.
Businesses often hire special social media teams to manage the business and its online strategy. Most companies understand that the effectiveness of a strong social media presence, and because of that they're willing to invest the time, money, and effort, to make their pages work. With a little energy and capital, you can see similar results. Frankly, every business needs to make the investment if they're going to survive in today's tumultuous marketplace.
Target An Audience
Targeting in promotions and marketing is a vital key to success, and in recent times ad targeting and precise means of promotions has been made available by social media. Targeting a specific group of people for a specific set of products and services is the marketing specialty of most social media platforms.
With social media content and advertising, you can choose to target your ads and posts towards designated genders, age groups, hobbies, and countless other areas. Moreover, you can target people who are most likely to become your customers in later stages. Social media is an absolute necessity for businesses to reach new potential customers in easier ways than ever.
Social media platforms allow you to have a direct conversation with your potential customers. You can answer the questions, address concerns, and even give them direct access to appealing customer testimonials.
International Marketing
The world has indeed become a global village, thanks to better transportation and the latest technology. Communications advances like social media are beginning to connect people all over the world. If you have a business supplying products anywhere in the world, but you don't have the means of spreading information about your business internationally, social media will immensely help you.
Social media platforms of all shapes and sizes are ideal for promoting your products and services as well as educating and informing your regular customers. If you travel a lot yourself, social media is also an ideal way to keep in touch with customers as well as your team. Social media is essential for international businesses in marketing, communications, and other crucial aspects of the company.
Is Social Media Right For All Businesses?
Social media is no longer a trend reserved for young people or teens. There are hundreds of reasons it is important for your business. It is becoming an important aspect in how we live our lives and how we do business all over the world. Even if you don't think social media is important to you, it's probably important to your customer. Business is seeping into every aspect of our cultures and lives. It's becoming more important than ever to execute an effective social media strategy in order to stay on top.
Some programs like News Poster are available to guide you in using social media effectively and promote your business. They can help streamline the process and by making things quicker and easier. Companies all over the world are investing in effective social media strategy and management. With the right program you may find yourself a step ahead at a fraction of what they're investing, and in today's competitive economy, that's becoming more important than ever.
Social media is essential for businesses to keep in direct contact with their customers, especially their most loyal ones. Through social media, existing, as well as potential customers for your brand, will have direct access to information about all of the critical updates and additions to your business. For a strong internet presence, you need to make sure that your business's social media accounts are updated frequently and consistently. Engaging and consistent social media content will establish steady interaction with customers and visitors to the page.
If you have a business and you are not using social media websites like LinkedIn, Facebook, and Twitter to promote and market your business, you are likely to lose a large number of potential customers. Too many entrepreneurs have underestimate their importance in the marketplace. Social media has become an enormous market for all kinds of companies.
Some of the most important and direct benefits of having social media platforms for your business are:
Increased traffic
Social media has the ability to reach people anywhere in the world. Business owners must come to better understand the importance of social media. Social media is playing a huge role expanding businesses reach from one simple location to every corner of the world via the world wide web. Through social media, you can keep your customers updated about your business. Moreover, you can form direct bonds with them by answering their questions and requests online.
With a strong social media presence and strategy, you'll build an audience of people checking in regularly. As customers continue checking your social media profiles and website, it will increase the online traffic you receive. Nowadays, a business must be present on social media because it augments the entire experience of marketing and makes your business conspicuous.
It drives more people to your business site, stores, and landing pages and hence your sales will also increase. More traffic, means more money and more opportunity to grow.
Marketing Through Pictures
Social media plays an important role in the success of a business because it's one of the easiest and quickest ways of marketing a business’ products or services. It's particularly appealing because of it's quick ability to capture people's attention through images. People are visual creatures. They are more likely to take interest in things that have some sort of stylish imagery associated with them. Attractive photos, memes, and other visual graphics should be chosen to go along with the ads you post on social media. More people will see it, and more people will click.
Visual appeal is an important aspect of any type of promotion, and it works wonderfully with social media marketing. If this strategy is executed well, the social media user will learn about your services, and will be more willing to buy.
Images are key to expanding the appeal of your businesses, and social media posts are the magnets that attract your customers' eye to them.
Social Media Marketing Is Easy
Even though there are numerous nuances in social media marketing, it is much easier and more cost-effective than the other types of marketing. With the right experience and skills, and a few tools and programs to help, you can easily design and execute an effective social media marketing strategy.
Businesses often hire special social media teams to manage the business and its online strategy. Most companies understand that the effectiveness of a strong social media presence, and because of that they're willing to invest the time, money, and effort, to make their pages work. With a little energy and capital, you can see similar results. Frankly, every business needs to make the investment if they're going to survive in today's tumultuous marketplace.
Target An Audience
Targeting in promotions and marketing is a vital key to success, and in recent times ad targeting and precise means of promotions has been made available by social media. Targeting a specific group of people for a specific set of products and services is the marketing specialty of most social media platforms.
With social media content and advertising, you can choose to target your ads and posts towards designated genders, age groups, hobbies, and countless other areas. Moreover, you can target people who are most likely to become your customers in later stages. Social media is an absolute necessity for businesses to reach new potential customers in easier ways than ever.
Social media platforms allow you to have a direct conversation with your potential customers. You can answer the questions, address concerns, and even give them direct access to appealing customer testimonials.
International Marketing
The world has indeed become a global village, thanks to better transportation and the latest technology. Communications advances like social media are beginning to connect people all over the world. If you have a business supplying products anywhere in the world, but you don't have the means of spreading information about your business internationally, social media will immensely help you.
Social media platforms of all shapes and sizes are ideal for promoting your products and services as well as educating and informing your regular customers. If you travel a lot yourself, social media is also an ideal way to keep in touch with customers as well as your team. Social media is essential for international businesses in marketing, communications, and other crucial aspects of the company.
Is Social Media Right For All Businesses?
Social media is no longer a trend reserved for young people or teens. There are hundreds of reasons it is important for your business. It is becoming an important aspect in how we live our lives and how we do business all over the world. Even if you don't think social media is important to you, it's probably important to your customer. Business is seeping into every aspect of our cultures and lives. It's becoming more important than ever to execute an effective social media strategy in order to stay on top.
Some programs like News Poster are available to guide you in using social media effectively and promote your business. They can help streamline the process and by making things quicker and easier. Companies all over the world are investing in effective social media strategy and management. With the right program you may find yourself a step ahead at a fraction of what they're investing, and in today's competitive economy, that's becoming more important than ever.
The Trick to Keep Your Customers Continuously Purchasing From You: The Benefits of A Loyalty Program
It’s often way more effort and expense to find new customers than to sell again to your current customers. So how can you persuade your current customers to continuously purchase from you? One way is to put in place a loyalty program that keeps them coming back for more.
A loyalty program is a great way to encourage customers to keep purchasing from you, make them feel special and reward and thank them for their continued business. Most loyalty programs involve rewarding customers when they buy regularly from you or have purchased a certain amount from you, whether it’s in free products or discounted future purchases.
For example, think of your local coffee place. Many local coffee shops have a simple punch-card loyalty program, where you purchase 5 coffees and receive your 6th coffee free. The reward, of the free 6th coffee, encourages people to keep coming back to the same coffee place to indulge in their caffeine kick.
Think about how you can encourage and reward your customers for their loyalty. Implement a loyalty program that rewards customers, through free products/services or discounts for future purchases, when they regularly purchase from you.
Want more tips on retaining customers and other money making marketing strategies? Check out this book here 50 Marketing Tips & Tricks Learned After $100 Million in Sales Over 20 Years!
A loyalty program is a great way to encourage customers to keep purchasing from you, make them feel special and reward and thank them for their continued business. Most loyalty programs involve rewarding customers when they buy regularly from you or have purchased a certain amount from you, whether it’s in free products or discounted future purchases.
For example, think of your local coffee place. Many local coffee shops have a simple punch-card loyalty program, where you purchase 5 coffees and receive your 6th coffee free. The reward, of the free 6th coffee, encourages people to keep coming back to the same coffee place to indulge in their caffeine kick.
Think about how you can encourage and reward your customers for their loyalty. Implement a loyalty program that rewards customers, through free products/services or discounts for future purchases, when they regularly purchase from you.
Want more tips on retaining customers and other money making marketing strategies? Check out this book here 50 Marketing Tips & Tricks Learned After $100 Million in Sales Over 20 Years!
How Giving Away Something of Value Can Help You Monetize Your Back End
Everybody loves a freebie! What do you currently sell, that is of value, that you could offer for free? And how can you monetize the back end of that? This works especially well if you can offer something that other businesses would normally charge for.
For example, if you have a corporate cleaning business, you could offer your first clean free, and follow up with your customer to see if they were happy with your service and would like you to continue. This is a great way to get new clients to try your service, as you’re taking all the risk out of it for them and, if you do a great job, chances are they’ll want to keep you on. The principle of reciprocity comes into play here too - you’ve given something of value to them and chances are they’ll feel the urge to do the same back.
A twist on this model is our “free plus shipping & handling” funnels, where we offer something for free on the front-end as long as the customer covers a small s&h fee (usually under $5). As long as they think the value is $20+, they’ll consider this a steal and be inclined to jump on it, even if they normally wouldn’t buy it right then and there. However, a necessity with this model is to make sure that you have a great set of upsells and a good backend to really monetize it. We typically have a continuity offer (like a membership or something along those lines), a low to medium priced offer, and ideally a high-end offer in the upsell path. The real money is made in the upsell path, as it’s hard to make a lot off a free plus s&h offer. As an added bonus with this model, you also get a lot of quality buyer leads (worth far more than non-buyer leads), without often having to pay a lot in advertising costs to acquire them. This allows you to market more offers to them in the future and make even more money off these buyer leads.
Think about something you can give away, that has value, and then look at how you can monetize the back end. Whether it is a sample of your service or a physical product, this works especially well if it something that other people usually charge for.
For more insights on how to create a sales funnel that maximizes your profit potential, check out this tool here: BizFire's Free Funnel Maker & Analyzer
For example, if you have a corporate cleaning business, you could offer your first clean free, and follow up with your customer to see if they were happy with your service and would like you to continue. This is a great way to get new clients to try your service, as you’re taking all the risk out of it for them and, if you do a great job, chances are they’ll want to keep you on. The principle of reciprocity comes into play here too - you’ve given something of value to them and chances are they’ll feel the urge to do the same back.
A twist on this model is our “free plus shipping & handling” funnels, where we offer something for free on the front-end as long as the customer covers a small s&h fee (usually under $5). As long as they think the value is $20+, they’ll consider this a steal and be inclined to jump on it, even if they normally wouldn’t buy it right then and there. However, a necessity with this model is to make sure that you have a great set of upsells and a good backend to really monetize it. We typically have a continuity offer (like a membership or something along those lines), a low to medium priced offer, and ideally a high-end offer in the upsell path. The real money is made in the upsell path, as it’s hard to make a lot off a free plus s&h offer. As an added bonus with this model, you also get a lot of quality buyer leads (worth far more than non-buyer leads), without often having to pay a lot in advertising costs to acquire them. This allows you to market more offers to them in the future and make even more money off these buyer leads.
Think about something you can give away, that has value, and then look at how you can monetize the back end. Whether it is a sample of your service or a physical product, this works especially well if it something that other people usually charge for.
For more insights on how to create a sales funnel that maximizes your profit potential, check out this tool here: BizFire's Free Funnel Maker & Analyzer
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