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Showing posts from October, 2013

Spice up your Coupons!

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In today's competitive business market, a 10 percent off coupon is rarely enough enticement to convince customers to purchase from you versus your competitor. Here are a few creative ideas to spice up your coupons: Offer something for free or a "buy one-get one" on a popular item. Customers love these types of deals, and they are a great way to entice people into your business. Design your coupons as an "admit one" type of event ticket to save on an exclusive list of items. Provide a coupon for a free bonus item or valuable upgrade. For example, purchase a haircut and receive a free shampoo and style. Provide a cash value discount rather than a percentage off (such as $10 off a $30 purchase), since a dollar amount is perceived as more valuable because it feels like cash. Offer a discount on a complementary product or service to convince the customer to buy other products they hadn't intended to purchase. Provide discounts for specific groups, such

Why You Need Rituals in Your Business

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If you've been in your business for any length of time, you've probably fallen into a routine set of habits that take up parts of every day. The dictionary defines a habit as "an acquired behavior pattern regularly followed until it has become almost involuntary." Sound familiar? You probably arrive at your office a certain time every day, maybe turn off the alarm, turn on the lights, make coffee, power up the computer, check emails, and so on. Some of these habits are positive, and some are negatives you're trying to overcome. These habits are often random and don't require much thought or deliberate action. They blend into the day-to-day fabric of life. A ritual is something quite different than a habit. A ritual is deliberate (not random) and carries with it a deeper meaning. A ritual is an act carried out on purpose with full consciousness that has a real reason behind it. A parent reading to a child every night is a deliberate ritual t

Your Competition Wants Your Customers

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Competition is a part of business life. Some would argue that competition forces businesses to strive to get better at what they do for the fear of losing customers to rivals. Losing a few customers periodically is inevitable. However, losing too many (especially your best customers) must be avoided at all costs. For most businesses, the top 20% of their customers account for 80% (or more) of their profits. While much thought and strategy typically go into bringing in new customers, not enough is spent on retaining existing customers. That's where the real gold lies. It may be a little uncomfortable to think that some of your best customers might be looking at making a change, but it's something you must consider if you want to avoid having it become a reality. Everyone talks about taking care of their customers, but in many instances that's a phrase not truly backed up with action. To build a fence around your customers and keep them far away from the prying arms o

Be the Expert Your Customers Need

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Many businesses thrive on the expertise of their owners, operators, or managers. This is particularly true of small businesses, especially service businesses. A great way to increase your business volume and increase the perceived value of your products and services is to communicate your expertise within your community. What Is Content Marketing? A lot of people think content marketing is a new, revolutionary theory. Really, though, it's based on the age-old principles of customer service. As you know, your customers lack your expertise. Traditionally, customers would come to you for advice, just like you would go to your printer for advice. You would then give them the information they needed to buy the right products and services to solve their problems. As the provider of that information, you would also get the sale. The Internet changed that. Fewer people are willing to go into a store to get the information they need. They're more likely to go online and seek o

Increase Sales Through Holiday Promotions

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One of the toughest parts of marketing and advertising is discovering creative, new ways to promote your business. It can be hard and frustrating work. One way to tackle this problem is to look for reasons to run a promotional campaign. Holiday promotions are a great example of this strategy at work. Holidays are a perfect excuse to promote your business. There are the popular holidays like Halloween, Thanksgiving, Black Friday, and Small Business Saturday. There are even some not-so-popular holidays. Whatever the occasion, here are some ideas to start taking advantage of this powerful marketing opportunity. Create a Holiday Marketing Calendar We're all busy running our companies. Planning and creating a holiday theme promotion takes time. It's easy to put it aside for later, but we all know "later" may never come. One of the best ways to remind yourself and not let a holiday pass without promoting your business is to create a calendar specifically for

Is Guerrilla Marketing Dead?

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You may think guerrilla marketing is dead, but really it's evolved with the times. If you haven't done the same, then you need to take a leap forward to get the most impact from your marketing dollars. What is Guerrilla Marketing? Jay Conrad Levinson coined the term guerrilla marketing in 1984 with the release of his book, Guerrilla Advertising. In military terms, guerrilla refers to an unconventional form of warfare used by armed civilians, often against a force with superior numbers and weaponry. It relies on surprise, sabotage, and the ability to hide among a crowd. Guerrilla marketing is a take on advertising that uses similar tactics to gain attention. The primary advantage of guerrilla marketing is its ability to increase a marketer's impact using less costly resources than traditional advertising. It relies on high energy, imagination, and ingenuity. The idea is to take your customers by surprise, make a lasting impression, and create the kind of buzz that

Direct Mail Is Alive and Well, Thank You

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Marketing fads come and go. Marketers today have a bewildering array of choices never seen before. Consequently, busy business owners don't always know who to listen to in order to find what is working most effectively right now. Everyone can claim their systems and tools are the secret to a never-ending stream of prospects and customers. Is Direct Mail Worth Exploring For Your Business? Have you noticed that many of the Internet companies (like Google, among others) have been increasingly turning to direct mail to advertise their services? The reason is that old school direct mail worked long before the Internet and has been working for smart marketing in businesses all along. It just happened not to be the flavor of the day, thereby not getting much attention. Now that the furor and publicity surrounding the "free" aspect of social media marketing has settled into the reality that free doesn't necessarily equal real customers, smart marketers are looking