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Archive for Relationship Marketing

The Fastest, Easiest, Cheapest Way to Grow Your Small Business

Tuesday, January 24th, 2012

If you’re like many entrepreneurs these days, business is slower than you’d like. Because, in addition to an economy that’s forced people to think much harder about where they’re spending their money, the Internet has created a lot more competition. That means clients, customers or patients can be harder to come by.

So what do you do if business is slow, and you don’t have a lot to invest in marketing or advertising?

It’s simple… You pick up the phone and call your past clients, customers or patients just to check in and see how things are going. Are they happy with the product? Did they benefit from the service? Are they feeling well?

Now, keep in mind I’m not saying you want to be a pushy salesperson.  Nor do I expect you to call during the dinner hour. But realistically you should WANT to know how they’re doing and how happy they are with your products or services. And as a business owner, you NEED to know this information if you want to grow.

So grab that customer or client list and set aside 30 minutes to an hour a day to make follow up calls. Chances are you’ll leave quite a few voice mails, but be sure to move those folks to the end of your list and call them again later.

When you do get someone on the phone, while you shouldn’t sell, be prepared for them to want to buy. Because many people, if they were happy with what they bought from you before, will happily buy again – particularly when provided with a convenient opportunity to do so. Heck, they might even have been thinking about doing so for weeks but just hadn’t gotten around to it.

On top of all that, even those that don’t buy are going to be reminded of you. And they’re going to experience, right then, how much you truly care about the quality of your products and services, as well as their experience and results. Meaning the chance of getting a referral from them goes way up!

What if you’ve just opened your doors and don’t have past clients, customers or patients to call?

If that’s the case, then you need to get in front of a lot of well-targeted prospects as quickly as possible. So do a bit of research and identify other people or organizations offering complementary products or services to the same target market. Then call to introduce yourself and get to know them better.

If they seem like someone you might want to support or work with, look for ways to partner up or help each other. Think: shared marketing, cross marketing, referrals, joint ventures, offering teleseminars to each other’s lists, trading blog posts, creating and delivering a program or product together, etc.

The bottom line is, when you’re a small business owner you need to hustle. The Internet, email and social media are great, but sometimes a more personal connection does the job better.

That’s why you need to pick up the phone, reach out and make contact. And do it regularly. When you do this, you’re going to grow your business; and you’re going to learn a ton about your business, your customers and yourself along the way.

Do you regularly call your clients, customers or patients just to check in? If so, what are your results? If not, why not? What other thoughts do you have about this? Please do leave a comment…

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Are you missing out on a lot of additional business because you’re failing to ask your current patients and clients one simple question?

Many of the small business owners, consultants and service providers I use on a regular basis are. And you could be too.

Let me share a few examples of exactly what I’m talking about…

My massage therapist actually pushes me to their online calendar versus booking me a new appointment while I’m there. She does it in a very offhand way as though she doesn’t want to bother me about it.

The online calendar is fine when I’m home, but why not book my next appointment right then?

My hairdresser offers a free touch up within four weeks of your last cut. I rarely take her up on it because I always forget to schedule it in time. Then I wait probably three to four weeks longer than I should to get it cut too.

If I (and every client) came in for two more cuts a year because we booked before we left, she’d add a tidy sum to her bottom line – especially once you count the extra product sold too.

A few months ago I started seeing a new acupuncturist. We began what was likely going to be a multi-appointment course of treatment. But I started feeling better, then life got in the way and I just never went back.

She could have easily kept treating me if we’d booked on the spot.

Some time back I hired a consultant to help me make some decisions regarding a new brand launch I was working on. I hired her once, it was a great conversation, and I considered hiring her again.

Had she asked at the time, I probably would’ve booked another hour consult. But she didn’t.

If any of these folks had simply asked to book my next appointment at that time, I would have done it.

They could have helped me more. They’d be taking a task off my future to-do list and making my life easier. And they’d make more money with less effort. In other words, it would be good for everyone involved!

Now I’m not saying you need to be pushy or salesy. I’m suggesting that at the end of your time together with a client or patient, simply ask, “Would you like to go ahead and book your next appointment (or meeting, or consult) now?”

If they say no, that’s fine. But you’ll be surprised by how many people will happily say yes. And how much faster and easier your business will grow as a result.

Do you book your next meeting or consult at the end of the current one? If so, does it work well for you? If not, why not? Please do share your thoughts by leaving a comment…

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Which Marketing Tactics Should You Use to Grow Your Business?

Thursday, September 1st, 2011

how to choose marketing tactics strategy small business entrepreneurSmall business owners and entrepreneurs are notoriously over-busy. We’re swamped by mile-long to-do lists that never seem to grow shorter no matter how many hours we work. Trying to market your business on top of everything else just adds to the stress and confusion.

Thanks to the advent of the Internet and all things online marketing—email, blogs, social networking, slidecasts, webinars, and the list goes on—it’s easier than ever to get overwhelmed by the options and do nothing. Or spread yourself too thin trying to use them all.

I think that’s why the questions I’ve been hearing more and more lately are “Where should I be focusing my time, money and energy when it comes to marketing?” And, “How do I know which tactics and strategies are going to work for me?”

Well, there is no simple answer to which strategies and tactics are going to work for any given business. Choosing the best ones depends on many factors including your target market, your budget, your skill set, etc. Though any time they’re designed to work together as part of an overarching marketing plan, you’re more likely to see success.

However, you can make good decisions—and get great results—by asking yourself the following questions…

5 Questions for Choosing the Best Marketing Tactics and Strategies for Your Business

1) Can I find and reach my ideal client or customer there?

If your ideal client or customer isn’t on Facebook, there’s no point in spending time and money on Facebook marketing. Know exactly who you’re selling to, and figure out where they shop and Web surf, what they read, and so on. Then find ways to reach them there.

2) Can I execute it on a consistent basis?

Great results rarely occur from one-shot marketing tactics…Especially nowadays when there is so much competition for everyone’s attention, not to mention their business. Instead you have to keep putting your message out there until your ideal client or customer finally takes notice—and takes action. If you don’t have the time, money and energy to execute a marketing tactic consistently, choose a different one.

3) Is it likely to help me achieve my goals?

All too often entrepreneurs choose marketing tactics because they’re cheap, easy, exciting or everyone else is using them. Unfortunately, none of those are good reasons.

Instead, you need to know what your main goal is (grow your list, get clients to call, get customers in your store, get someone to sign up or register, etc.), then choose the tactics most likely to help you achieve it.

4) Are the results measurable?

The only way to know if a marketing tactic is effective is to measure results. That means knowing how many people called, clicked, signed up, bought, emailed or whatever you’d like them to do.

So make sure everything you do has a call to action and a way to know if the action was taken.

This might mean using Google Analytics on your Website, or asking prospects how they heard about you. Or having them mention a particular code or name when they get in touch.

5) What is the ROI?

ROI, or Return on Investment, is basically gross revenue generated less expenses. It’s a number many entrepreneurs are totally unfamiliar with. And this is a serious problem.

I can’t tell you how many small business owners have told me a particular marketing tactic was successful…Until they ran the numbers and realized it was costing more than it was making them.

Unless it’s part of a larger strategy designed to recoup costs and make more money later, an ad that cost you $600 to run but only made you $200 in gross revenues needs to be changed or replaced.

Unfortunately, all too often entrepreneurs pay little or no attention to costs—especially time costs. Because the reality is, even free marketing costs you something in time spent that could be used to pursue other opportunities or make money.

If you don’t know what your marketing costs, or how much it brings in, there’s no way to know if you should keep doing it.

Now that you have these five questions in your back pocket, be sure to ask them anytime you’re considering investing your time, energy or money in marketing.

What marketing tactics and strategies work best for growing your business? How did you choose them? Any other thoughts on this topic? Please do leave a comment below…

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If you run a small business, your life is ridiculously busy.And if you have a significant other, spouse, kids or anyone else that deserves a chunk of your time, well then your life is probably almost impossibly busy.

However, that doesn’t mean your business has to suffer for it. And if all you’re managing to do every day is just take care of clients, put out fires, and handle the day to day tasks of running your business, trust me, it is suffering.

Because you don’t have any time to work on marketing and growing your business. Maybe you’re thinking, “I don’t have the money to do much marketing even if I had the time…”

Well I’m here to say that shouldn’t stop you. And right now, with the economy still in the dumps, you absolutely must find ways to let people know about what you offer and how it can help them solve a problem, fill a need or fulfill a want.

So here are 9 ways you can market your business that take little or no money and just a few minutes of your time. Now you don’t have any excuses. :-)

1) Make killer PR happen - Get access to queries from reporters all over the country who need sources and information for their articles, books, blogs and interviews. Go to www.helpareporterout.com   and www.pitchrate.com and sign upfor their query lists at no charge. Read them regularly, and respondto the ones you can genuinely offer something of value to.

2) Say thanks - Write a thank you card to a client, prospect who contacted you, referral source, or anyone who has helped you along the way. Everyone appreciates being appreciated, after all.

3) Become a blogger – You don’t need your own blog to benefit from the power of the blogging (though that’s ideal)…You just need to post comments that are interesting, relevant and helpful on other people’s blogs. Or be a guest writer on someone else’s blog. Then people who read them and enjoy your comments or articles can follow the link back to your Website.

4) Get networked – These days, it helps to take your business beyond your own back yard. Online social networks are a terrific way to do just that. A quick Google search will turn up a boatload related to every topic under the sun. Sign up for a no-cost account with one that’s related to what you do and set up your profile. Connect with others and stay engaged.

5) Be helpful - Many social networking sites like Biznik.com and LinkedIn.com have Q & A sections where members post and answer questions. Jump in there with helpful advice and people will want to learn more about you and what you do.

6) Connect - Make a point of getting in touch, and scheduling phone meetings with interesting people you find on your social networking sites. You never know who you might meet or how they could help your business grow.

7) Speak and be heard -
Start podcasting and adding the audios to your blog or Website. The easiest way I’ve found to do this is with a nifty little no-cost service at http://www.utterli.com that lets you record your podcasts by phone. Simple!

8) Stay in touch – When was the last time you called a past client or referral partner just to check in? If it’s been more than 6 months, there’s no time like the present to pick up the phone and say “Hi. How’s it goin’?”

9) Get your info out there - If you regularly write articles, submit them online. Again, Biznik is a terrific place to do this. I also like ezinearticles.com and evancarmichael.com, but there are plenty more options out there. Find ones targeted at your niche and have fun.

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Five Ways to Make Following Up Easy

Thursday, July 1st, 2010

“You see, in life, lots of people know what to do, but few people actually do what they know. Knowing is not enough! You must take action.” – Anthony Robbins

Call MeA while back I was talking with a good friend of mine who’d started a consulting business. I’ve known the guy for years, and he’s brilliant, dedicated, hard-working, really cares about results and is an all around great person.  And he’d already lined up some work through people he knew in his industry.

So I was shocked to learn that he had a serious problem when it comes to growing his business…

He was terrible at following up!!!

I had seen hints of this a while back when I recommended him to one of my clients and they’d had a lot of trouble connecting. But I’d assumed it was just bad timing.

Thank goodness I asked him about it because now I know better.

Turns out he was suffering from fear of following up. Now, if we were talking about cold calling, I could totally understand the problem. Fear of rejection when you’re doing that is natural.

But in this instance he’s got someone out there who has held up their hand and said, point blank, “I’m interested in what you do or sell, and want to learn more (or maybe even give you cash today!).”

I can’t help but think, “Hello!?! What are you waiting for???”

The saddest part is, I can’t in good conscience recommend him to anyone else until he fixes this problem. And he’s going to really struggle to get new clients unless he gets past this mental block.

If you suffer from following-up phobia, what should you do? Start with some soul searching to figure out what’s stopping you from taking action. Ask yourself “What are afraid might happen and why?” and “Would that really be so bad?”

Of course, in the meantime, you’re going to have to do more to set yourself up for success. Here are a few simple ways to do just that:

1) Start by calling or emailing them simply to set up an appointment to talk further. That’s easier and less daunting than trying to close the deal right then and there. And you’re less likely to bag out once you’ve made a commitment. If need be, hire a Virtual Assistant, Intern or assistant to call people back and schedule appointments.

2) Set aside one day a week, or an hour a day, to do follow up calls and block out the time in your schedule. Then commit to doing that and nothing else.

3) Draft an email that you can send automatically when people contact you, letting them know you got their message and would like to set a time to chat. That way you don’t have to think about it and it’s less likely to get put off until later.

4) If you’re not sure what to say on the phone, or how to answer certain questions, you need to create a script—something that’s never a bad idea. Then practice it with someone you know. You don’t need to follow it word for word forever. Just use it to help you get your thoughts in order, or as a cheat sheet, so you can speak confidently.

5) Create an automated system for sending thank you cards after phone meetings. I like to have a draft already written, that way I can customize the message quickly and send it out as soon as I get off the phone. A service like Send Out Cards or a Virtual Assistant or Intern works great for this too.

Whatever you choose to do, just be sure you do it every time. I promise, once you get in the habit of following up it will get easier. And your business is sure to grow as a result.

How do you follow up in your own business?  Do you have any good ideas you’d like to share?  Please leave your comment below.

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