What do Dogs and Marketing Have in Common

What do Dogs and Marketing Have in Common –  how not to get choked

I have two good size dogs (both greater than 50 pounds.) I installed an invisible fence to give them some room to run without hurting themselves.

An invisible fence shocks (via the collar) the dogs when they get too close to the fence. It is not  a harmful shock, just enough to let them know the boundaries.

Yesterday, I wanted to take the dogs for a walk and removed their collars so they could leave the yard. Neither dog wanted to leave the yard for fear of shock. I had to carry both of them across the fence line. One on the other side both had a great time.

How does this apply to marketing?

When to comes marketing many of us wear our marketing collar. When our marketing does not work, the shock we experience is lack of results, spending money, and wasting time. The collar limits what we might try; we say to ourselves, “after all I tried that and it didn’t work” or “what if it doesn’t work and I waste all this money (time)?”

I once had a roofing client and we were planning some marketing tactics. Every  tactic I suggest his response was the same, “I tried that and it didn’t work!” After the 10th suggestion I finally said, “these tactics have worked for thousands of companies but they don’t work for you, what is the one thing they have in common?”

He thought for a moment and said, “me!”

This gentleman was never trained is marketing and he made several fundamental mistakes that, if corrected, could have a big impact on his business. But his invisible fence would not allow him to try something different. His yard was pretty small and his company was suffering.

What is your invisible fence? Is it spending money on marketing or on marketing coaching? Is it trying something you never tried before? Is it fear of failing or not knowing who to trust? What is the shock you feel: shame for failing, embarrassment for not knowing, fear of being taken advantage of or not being in control?

Marketing can be easy and fun when you know what you are doing. And it doesn’t have to cost a lot of money because you can do it yourself. It is not that hard.

Let’s remove your collar or at least provide you the opportunity to remove the collar and learn a proven  marketing system that works to generate more leads, convert more leads to customers, get customer to buy more, sell value – not price, make more money, learn how to build a website that generates leads, learn dozens of up sell, down sell and cross sell strategies that your competition does not know or use, learn how to put your follow-up on auto pilot and so much more – all at your own pace.

For a free trial go to akris.net and download your free report, The Three Biggest Lead Generation Mistakes.

May Blessing be Upon You,

Ron Finklestein
International Author, Business Coach, Speaker
info@akris.net
www.akris.net

330-990-0788

 

 

 

 

 

Why do people fail at marketing their business?

Why do people fail at marketing their business?

The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself. Peter Drucker

People fail at marketing for a variety of reasons. This list is not meant to be all-inclusive but here are the most common reasons I encounter:

  1. Never been trained in marketing
  2. Don’t understand the psychology of marketing
  3. Are not consistent in their marketing message
  4. Don’t ask for help because they don’t know who to trust
  5. Don’t want to do it for themselves
  6. Don’t know what works and do not want to spend the money

Let’s look briefly at each reason.

Never Been Trained in Marketing

Many of my clients have not been trained in marketing. They are engineers, cleaning companies, payroll specialists, merchant service providers or insurance specialist. They are experts in their field but not in communicating their value to others. The words they use reflect a lack of clarity in who they are and the value they provide. These small business owners are too close to see clearly their value. Because they are too close and cannot see themselves and their value as others see them, they talk in platitudes: many locations, peace of mind and financial security, without context.

Don’t understand the psychology of marketing

Marketing is nothing more then explaining what you do, why it is important and who should care. Always remember most people take action to avoid pain. Marketing is helping other understand how their life will be better when they buy your product, go to your restaurant, use your services.

Are not consistent in their marketing message

Marketing is about communicating your value proposition consistently. You cannot do a post on Facebook one time and expect to get results. One blog post won’t do it not will sending one postcard. It is about defining the buyers journey and walking with the prospect along the buyer’s journey.

Don’t ask for help because they don’t know who to trust

There are so many people who claim to be marketing experts that do not promote their product or service well. They love social media and expect others to see the same value. I can see why people are concerned about making a bad decision. I am appalled by some of the marketing messages that come across my desk by other marketers who want me to use their services.

Don’t want to do it for themselves

Many people know what to do and do not want to do it themselves. Dan Kennedy said it best, “do not outsource your marketing until you know what works. Otherwise, you are wasting money.” No one knows your business like you do. You may need some help with the message, strategy or tactics but you are the final decision-maker.

Don’t know what works and do not want to spend the money

There are so many choices a small business owner has when marketing his business. Ask yourself this question, “where does of my business come from today?” and do more of that. Don’t look for a social media expert, direct mail expert or SEO expert until you know where you should spend your time. After that continue to add one option until you know that works. Then consider outsourcing.

You comments are welcome!

May blessing come upon you,

Ron Finklestein

For a great system that helps you answers the questions above check out www.akris.net.

About the author. Ron Finklestein called the “Real Deal” by his clients, is the creator of the Business Growth Experience and owner of RPF GROUP INC. Finklestein is a consultant, business coach, international author, trainer and speaker. His eight business books include management and leadership, personal development, operations, marketing, and sales. His latest work: Make a Difference: From Success to Significance” was a 12-year study of 1000 successful small business owners and what they did to be successful.

 

 

 

Do You Know How Much Each Client Is Worth To Your Business?

Do You Know How Much Each Client Is Worth To Your Business?

When you are putting together you marketing plan for this year think about the lifetime value of a customer. The lifetime value of each client is defined as the total gross profit that you accumulate from a customer over their lifetime of doing business with you less the acquisition cost and marketing expenses over their lifetime.

When you know this value, you also know exactly how much money you can spend to acquire a client through marketing.

Do you realize the power that gives you as a small business owner? Did you know that by knowing your customer lifetime value, you can literally dominate your market and eliminate your competition in the minds of your clients?

What you need to know…

Most business owners know intuitively that it’s much easier to make an additional sale to a current client than it is to make that first sale that acquires that client. Unfortunately, they don’t do enough to figure out how they can sell more to their existing client base.

Why you need to know this…

It’s important to understand that a client who has had an exceptional experience with your product or service is naturally going to look to you to help them fulfill their other needs with additional products. They now trust you, and are happy with the relationship they have with you. You should take advantage of their trust and make an offer for another product/service immediately after their initial purchase, and schedule frequent campaigns to offer more to your client base.

The cost to you if you fail to act…

When your customers recognize that you provide them with value, they will continue to purchase from you. But, you can’t assume they will just call you up and ask you to sell them something. You have to make the effort to ask for their order.

So are you doing that?

Do you know how to do that?

Are you aware that all of this can be put on auto-pilot, and requires no further action on your part whatsoever?

This is easy to do and in most cases… costs you nothing except a little time to set it up.

How can you learn to develop these critical skills?

We’ll show you how. We’ll help you to develop these skills quickly and easily through our E-Learning Marketing System™ Coaching Program. In fact, we want to share our expertise with you and demonstrate our expertise.

For example, how would you like to fire the clients you hate to work with… and instead, build a successful business by hand selecting the type of clients you want to work with? With the help of our E-Learning Marketing System, we can help you quickly grasp this critical business fundamental and immediately apply its power to help you build your business to record heights. Listen to this exclusive webinar and we’ll unlock our vault to this proprietary members-only information.

To help you grow your business I am offering a free video called, “Everything You Were Taught About Marketing is Wrong.” To see this video visit http://akris.net

To your success,

Ron Finklestein

330-990-0788

info@akris.net

P.S. Please remember that at any time you feel ready and qualified to move forward and acquire the professional help that can enable you to build the business of your dreams, just visit http://www.akris.net and check out our E-Learning Marketing System™. It’s helping small business owners just like you get the answers and the help they need to build the business they have always wanted.

We created the E-Learning Marketing System™ with the perfect combination of online resources, tools and support to get you out of any financial distress you’re presently experiencing… help you get laser-focused on your highest income-producing activities… and help you develop and then apply the fundamentals that build multimillion dollar businesses. Http://www.akris.net.

 

Five Steps to Grow any Business!

Five Triggers to Transform Your Business

Growing a business is simple when you understand the five trigger that impact growth and profitability.

The five triggers are:

  • Lead Generation: How many leads are we getting?
  • Lead Conversion: The number of leads that convert to customers.
  • Number of Transactions: The number of times a customer buys from you.
  • Average Dollar Value: This is average sale price.
  • Profit Margin: This is the profit I make on each sale.

So we are on the same page let me define marketing. Marketing is simply moving the buyer through the buyers’ journey to achieve specific sales and marketing goals. In our five step (triggers) process, when followed, you’re going to achieve your business goals and reduce the stress associated with growing a business. Going forward I am going to talk about the five triggers as a process I call the five-step process.

The five-step process is a way of doing business.

The five-part formula is so effective because it touches on each and every area of your business. It will improve, increase, generate and sharpen and strengthen everything that you and your employees do.

Once you complete a step, you’ll never go back to your old way of doing things again. This is a program for positive change and powerful results. The change is long lasting and the results are far reaching.

Choosing to begin the five-step process will have an impact on every area of your business:

Lead Generation Conversion Rates Number of Transactions Average Dollar Sale Profit Margins
Any strategy you use to get people to call or walk through the door. Any strategy you use to get people to BUY from you. Any strategy you use to get existing customers to buy from you more often, or stay loyal to your business. Any strategy you use to get customers to spend more money in a single transaction. Any strategy you use to maximize the percentage of the cost of each product/service that is profit.

Let’s get used to working with the basic formula that the five-step process is based on. You’ll want to post this formula somewhere visible, where you can see it on a regular basis.

# of Leads X % Conversion Rate = # of Customers

 

# of customers X # of Transactions X Average Dollar Sale = Revenue

 

Revenue X % Margin = $ Profit

As you can see, each of the shaded lines is a factor that influences the bottom line – your profit. Each of the shaded lines is a step in the five-step process. You will work on each line sequentially, and the impact on your profit will build over time.

A nominal 10% increase in each of the five factors would look like this:

Starting Point Goals (10% Increase)
Leads 4,500 Leads 4,950
Conversion Rate 30% Conversion Rate 33%
Customers 1350 Customers 1633.5
Transactions 1.3 Transactions 1.43
Average Dollar Sale $140 Average Dollar Sale $154
Revenue $245,700 Revenue $359,729.37
Margins 24% Margins 26.4%
Profit $58,968 Profit $94,968.55

If you don’t know, take a guess. The point here is to understand how little increases will have big impacts on your bottom line profits. We’ll show you how to start tracking your results at the beginning of each step in the program.

Starting Point Goals (10% Increase)
Leads (#) Leads
Conversion Rate (%) Conversion Rate
Customers (#) Customers
Transactions (#) Transactions
Average Dollar Sale ($) Average Dollar Sale
Revenue ($) Revenue
Margins (%) Margins
Profit ($) Profit

 

Starting Point Goals (20% Increase)
Leads (#) Leads
Conversion Rate (%) Conversion Rate
Customers (#) Customers
Transactions (#) Transactions
Average Dollar Sale ($) Average Dollar Sale
Revenue ($) Revenue
Margins (%) Margins
Profit ($) Profit

 

Starting Point Goals (50% Increase)
Leads (#) Leads
Conversion Rate (%) Conversion Rate
Customers (#) Customers
Transactions (#) Transactions
Average Dollar Sale ($) Average Dollar Sale
Revenue ($) Revenue
Margins (%) Margins
Profit ($) Profit

Step One / Lead Generation: How can you get more people to walk through your door, pick up the phone, and/or visit your website?

Your leads are your prospects or potential customers. They are people who have taken action in response to your ad or promotion, and have shown interest in your product or service, but have not become a customer because they haven’t purchased yet.

Lead generation is important because you can’t increase the number of customers you have. This is because customers are the by-product of two things:

# LEADS X % CONVERSION RATE = # of Customers

This means that you have to generate more leads and get more of those leads to make purchases in order to increase your customer base. Note; this is a very important step because your ‘cost of client acquisition’ (price you pay to acquire a new client) is the most expensive function of your business. Yours, ours and every business on the planet btw…

So lead generation is about finding ways to reach the people who need or want what you have to offer and getting them to act – to pick up the phone, visit your website or walk into your business. This is what the majority of marketing strategies are trying to do.

Step Two / Conversion Rate: How can you get the people who walk through your door, pick up the phone, and visit your website to BUY something?

Conversions are the second factor in the customer equation. A conversion rate is simply our leads divided by our number of transactions in a specific time period.

# TRANSACTIONS / # LEADS = % Conversion Rate

This is a key focus of your business and your staff’s time. After all, why spend time and money attracting tons of qualified leads if you can’t make them buy when they’re in the store? We call this “confusing being busy… with being successful!” Don’t let it happen to you.

Several aspects of your organization impact your conversion rate:

  • Your business image and the first impression customers have of you/your business
  • The strength and effectiveness of your sales team
  • Your sales process and staff training and development programs
  • The strength of your sales scripts (Do you want fries with that?)
  • The level of purchase risk involved in your product or service

Step Three / Transactions: How can you get your customers to buy from you MORE than ONCE?

The process of attracting and converting a customer is one that costs you money. Customers cost you money. They’re an investment that you need to make the most of to stretch your lead generation dollars.

You can reduce the cost of your customer by increasing the number of times that they purchase from you. This increases the total number of transactions in your business and the amount of money that flows in.

So instead of continuously chasing down leads and converting them to customers, increasing transactions is about keeping our existing customers loyal and coming back to spend money.

Step Four / Average Sale: How can you get your customers to buy MORE from you each time they buy?

Your total revenue is the product of how many customers you have, how many times they purchase from you, and how much they spend.

# CUSTOMERS X # TRANSACTIONS X $ AVERAGE SALE = $ Revenue

Increasing the average amount of money customers spend with you is the final way you can increase the amount of money that comes into your business. It’s amazing how small increases in this value can have big impacts on your revenue. If I were to come into your business tomorrow and you IMMEDIATELY needed to increase profits – this is the first place I would look and the easiest area to make a large improvement in your profits.

You’ll have to show your customer that they needed or want more than what they purchased. The amount that you are able to increase will depend on the type of business you are in – it’s easier to sell gel pens than an additional dishwasher – but generally every business can find opportunities to increase this figure. There are many ways to accomplish this.

Step Five / Margins: How can you make more profit off each product and service you sell?

The last opportunity you have to influence your profit is your profit margin. Your total revenue times your margin as a percentage equals your total profit.

$ REVENUE X % PROFIT MARGIN = $ Profit

Essentially, your goal here is to make your profit margin as high as possible. As the final factor in the profit calculation, increasing your margin is a vital step towards maximizing your profits.

If your margins are too low, you’ll never make any money – regardless of how many customers you have, how often they buy from you, or how much they spend. Your revenue will perpetually go back into your business and be spent on costs.

There are three ways to maximize your margins:

  1. Increase prices
  2. Cut operating and product/service costs (operating costs include rent, leases, salaries, commissions, and office supplies)
  3. Increase gross profit margins (gross profit is revenues minus labor, materials and overhead related to the product/service)

Alarmingly, many business owners do not genuinely know their weekly/monthly/annual profit – you need to go into the business of generating a profit (this will be a paradigm shift for many – it is not about greed, it is about looking after those you care about. The more money you make, the more you can provide for your family, charity, your church etc…) and work towards increasing that profit each and every day, week, month and year.

Now that you have a good grasp on how the five-step formula works, and an idea of the marketing strategies you’ll learn to work with, take a few moments and set yourself up for success.

If this is of interest you can go to www.akris.net and learn more. We have a complete system to walk you through this process at your own pace. Optional coaching is available if you want help and accountability.

The best way to get started is to start paying attention to your current numbers and tracking systems.

Now that you have an idea of what factors and figures you’ll be working to increase, start paying attention to what those numbers look like now. If you have tracking systems in place, run some reports and get an understanding of your current situation. Think about these questions:

  • where do your customers come from?
  • what marketing campaigns work the best?
  • what lead generation strategies work the best?
  • how many of your customers buy from you?
  • how often do they buy from you?
  • how much do they buy from you?
  • what do your existing profit margins look like?
  • what percentage of your items are high margin, and which are low?

Now that you have an idea of where your business is going, let’s start mapping out how you’re going to get there. Contact me if you have any questions.

Congrats for tuning in,

330-990-0788
ron@akris.net
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The Three Biggest Mistakes Small Business Make When Marketing Their Business…And How To Avoid Them All

The Three Biggest Mistakes Small Business Make When Marketing Their Business…And How To Avoid Them All

It  has been a while since I wrote anything significant. There is a good reason. I have spent the last six months implementing a elearning systems to help any small business get unlimited leads, at no cost for marketing. This article will explain how to do that. I’m going to reveal to you the three biggest mistakes small business make… and show you how you can overcome them all.

Here are the three mistakes. Mistake #1… they fail to get professional help.   Mistake #2… they don’t know the fundamentals required to successfully market their business and attract as many new clients as their business can handle.  And mistake #3… they have no idea how to use their marketing to generate immediate cash flow. Let’s explore these three in depth, and show you how you can easily and systematically overcome them all.

Mistake #1… small business fail to get professional help.  Can you name me just one professional athlete who does NOT have a coach? There aren’t any. Tiger Woods has 9 coaches guiding him in everything from his golf game to his financial investments.  But do small business owners really need professional help? Remember the TV ads we previously discussed? Those ads are created by “professionals.” Unfortunately, those professionals have no clue what they’re doing.  Everything they’re doing in marketing and advertising today is wrong! But let me prove that to you right now.

If you currently use any form of marketing such as a print ad, brochure, postcard, flyer… or for that matter… your company website, take it out and look at it carefully.  And if you don’t have any form of marketing right now, stop this presentation for a few minutes and take out a sheet of paper and sketch out what you think would make for an effective ad for your new business.  It doesn’t have to be anything formal or fancy…  just create a basic outline of the ad and where you would locate the various elements on the page.

Now that you have your ad… or a mock up of your ad sitting in front of you, let me provide you with the little known secrets that produce more leads than your business can handle.  99% of all marketing professionals DON’T know the lead generation secrets I’m about to reveal to you.  This information is so powerful and compelling, it will position you in the top 1% of all lead generation professionals today.  This example will show you why every small business start-up should acquire our step-by-step roadmap as they start to generate leads for their new business.

Here’s what a true marketing professional will know… and help you implement into your marketing.  It’s known as the “marketing equation.” Our marketing equation will make sure you NEVER have to compete on price.  Instead, you will start selling your product or service for what it’s really worth the moment you open your doors for business.  You’ll drive in more leads  than your more established competition… and increase your initial advertising response by 10 to more than 100 times.   You will convert a higher percentage of those leads and dramatically increase your number of sales.  You will get a bigger bang for your marketing buck.  The bottom line is this…  you will literally create a profit faucet that you will have TOTAL control over.

But first, you MUST understand what marketing is supposed to do. Its purpose is actually three fold.  Its first job is to capture the attention of your target market.  Second, it must give them the hope that reading or listening to your marketing will give them enough information to help them make the best decision possible when buying whatever you sell. In other words, train and teach them how to recognize the true value of your product or service… and conclude that you… and you alone… offer the best value versus your competition.  Marketing’s third job is to lower the risk of taking the next step in the buying process… and if necessary… continue to educate the prospect regarding the value you offer.

Marketing that accomplishes these three objectives will result in your prospects and customers coming to one single conclusion…  that they would have to be an absolute fool to do business with anyone else but you, regardless of price. It’s estimated that as many as 96% of all small business start-ups fail within their first 5 years. The main reason for this tremendously high failure rate has to do with the lack of expertise when it comes to generating leads and making your phone ring.

Most small business start-ups don’t know anything about those three things we just discussed that marketing is supposed to do. But there’s also an additional problem to consider.  Most start-ups use a tactical marketing approach instead of a strategic approach. Let me explain.

Running an ad in the local newspaper… sending out an email or direct mail letter… airing a radio or TV ad on a local media station are all examples of tactical marketing. Now don’t get me wrong… the newspaper, radio or direct mail can be successful marketing channels… IF you’re marketing message is powerful and compelling. But that’s the problem… the message is the strategic side of marketing… and yet, it’s the most neglected.

This distinction between strategic and tactical marketing is huge and one you need to be acutely aware of anytime you start talking about generating more leads.  Many start-up businesses mistakenly assume that when you talk about lead generation, you’re automatically talking about tactical lead generation…  placing ads, sending out mailers, joining a networking group, attending tradeshows, implementing a prospect follow up system and so on.

They fail to realize that the strategic side of the coin, what you say in your marketing and how you say it is almost always more important than the marketing medium where you say it. If you fail to make this distinction, then you risk becoming jaded towards certain forms of marketing and advertising that should be a part of your tactical plan, but you eliminate them from consideration because they haven’t worked for you in the past.

When lead generation results are less than optimal, small business start-ups tend to almost always blame the marketing medium… like the newspaper the ad ran in or the postcards they sent out. They blame the tactical part of the plan… without any regard for how good or how bad the strategic messaging in that marketing piece was. New business owners often say things like, “we tried radio and it doesn’t work for our kind of business,” or “we sent out 50,000 pieces of direct mail and only generated 3 orders. It just doesn’t work.”

Just because it didn’t work, don’t assume that it won’t work. Most new business owners don’t have the evaluation skills or the know-how to judge whether poor marketing results from poor strategy or poor tactical execution. This is where our step-by-step roadmap can generate more leads than your new business can handle.

For example, most start-up businesses rely heavily on platitudes in their marketing. They say things like…  we have the lowest prices…  the best service…  we’re family owned and operated…  we offer convenient hours…  and the best value. Look at your own marketing that I asked you about earlier. How many platitudes did you use in your own marketing?

By the way, this is NOT your fault. Most, if not all small business owners have been conditioned to think this is the proper way to market their businesses… since most advertising follows this same pathetic marketing formula… including the Fortune 500 types.

As human beings, we’re all after just one thing when we buy something… the best deal!  Unfortunately, when you use platitudes in your marketing, there’s absolutely no way to tell who is actually offering the best deal. Everyone says they have the lowest prices, the highest quality and the best rates. So who do you believe? There’s only one way to know… and that’s to research every single business that offers what you want to buy. How many of us have the time or patience to do that?

So most of us just automatically assume that everyone is pretty much the same, and therefore we default to calling on the business that offers us the lowest price.  When you can’t communicate the true value your business offers, you’re doomed to forever compete on price.  Our marketing equation will change all of that for you forever. It’s going to be the backbone of your strategic marketing plan right out of the gate. It’s the foundation on which everything else we build for you is based. Let me give you a quick overview and then spend some time going through it with you in detail.

Our marketing equation has four main components.  First, we must interrupt your prospect. We must get your qualified prospect to pay attention to your lead generation marketing. Simple enough to say, but a lot more difficult to pull off in real life unless you understand what you’re about to learn here.  The interrupt is done through your headline if your marketing is in print… or it’s the first thing you say if you’re marketing through radio or TV.  The second component is engage. Once your prospect is interrupted, it’s critical we give your reader the promise that information is forthcoming that will help the prospect make the best buying decision possible. In other words, it must help facilitate their decision to pick you over anyone else.  This is the job of our subheadline.

The interrupt is our headline that highlights a specific problem that your prospects are looking for a solution to… and the engage is our subheadline that promises them that you offer a solution to the problem we mentioned in our headline.

The third component we need to include is educate. Once we’ve interrupted and engaged your prospect, we have to give information that allows them to logically understand how and why you solve the problem they’re facing.  This is accomplished by giving detailed, quantifiable, specific and revealing information.  This is typically done in the body copy of your ad. When we educate, we need to reveal to your prospects the important and relevant information they need to know when making a good decision, and that your business… and yours alone… provides it to them. The interrupt and engage hit the prospects emotional hot buttons. Educate is the logic they need to justify picking up the phone and calling you.

The fourth and final component of our marketing equation is your offer. Now that we’ve interrupted your prospect based on problems that are important to them… engaged by a promise of the solution… and they’ve examined the educational information that makes your solution real and believable…  the last step we need to take is to give them a low risk way to take the next step in your sales process.  We do this by offering a free marketing tool, such as a report, brochure, seminar, audio, video or something that will continue to educate them.  Your offer will allow your prospect to feel in control of their final decision to call and buy from you.

So our marketing equation is interrupt, engage, educate and offer and together they equal market domination. Now here’s the problem.  Most marketing today only contains two of these components.  They interrupt by throwing something at you that’s either familiar like Tiger Woods… or unusual like a monkey or talking pets. Sometimes they like to use both, as in the case of the E*Trade baby.   Then once they grab your attention, they make you some type of offer such as “call now for whatever.”  They have left out the engage and the educate, and marketing seldom succeeds when that happens.

In fact, the only time this type of marketing does succeed is when you can afford to run the ad over and over nonstop for an extended period of time. Plop, plop, fizz, fizz… melts in your mouth, not in your hand… and things go better with Coke have literally been rammed down our throats by Fortune 500 types.  After hearing these slogans thousands of times, of course we’re going to remember them.  But how can a small business start-up like you… that doesn’t have a billion dollar marketing budget… successfully market your business. The answer… you can’t… UNLESS you follow our entire marketing equation. Here’s a simple example to prove this to you.

Years ago there was a moving company that was on the verge of bankruptcy. They were paying $3,000 per month for a full page ad in their Yellow Pages directory. They were averaging just 70 calls per month, and their conversion ratio was only 16%. So out of 70 calls every month, they were only getting 11 moving jobs. No wonder they were starving.

The reason their ad wasn’t working was their failure to follow our marketing equation. In fact, the only marketing equation component they had in their ad was an offer, and that offer was “call us”… and then they listed their phone number. They had no interrupt at the top of their ad whatsoever, just the name of their company.  Then they listed all the generic and “me too” services that every one of their competitors also listed in their ads.  Things like local and long distance, residential and commercial, reliable and careful, fully licensed and insured, free estimates, quality service at reasonable rates, complete packing services, local, regional, national and so on. Then at the bottom of the ad was their phone number.

Again, look at your own marketing that I asked you about earlier.  Does your marketing format look exactly the same as the one this moving company was using? Did you place  the name of your business at the top…   list your products or services in the middle  along with a layer of worthless and meaningless platitudes such as lowest prices, highest quality and best rates?  99% of all small businesses follow this EXACT format, and then they wonder why they aren’t generating any quality leads.

If you want your phone to start ringing… then you MUST follow our marketing equation of interrupt, engage, educate and offer.  So using our equation this moving company redesigned this lead generation ad, and here’s what happened.  First, they identified the biggest problem their customers had when moving.  Without hesitation, it was DAMAGE! 72% of all moves result in something being damaged. That’s the area they need to focus on then, and create what we call a market-dominating position around that hot button issue. But why is damage such an important issue…  since all moving companies listed in the Yellow Pages say they’re “fully insured.”

It turns out that all movers MUST be fully insured…  but that the general public has NO idea what “fully insured” really means. When you hear someone say they’re fully insured, don’t you automatically assume that means that if they break your $5,000 HDTV, they will reimburse you $5,000? I certainly would.

Well, it turns out that in the moving business, that isn’t what fully insured means at all.  Legally, a moving company can claim they fully insure their customers belongings based on “per pound of damage.”  The national average is 40 cents per pound. So in other words, if a mover destroys your $5,000 100 pound HDTV… they’re only legally obligated to pay you $40.  Unfortunately, the poor unsuspecting customer doesn’t find that out until AFTER the damage has taken place… and they receive their miniscule reimbursement. But for this specific moving company this policy was never an issue because they didn’t believe in this deceptive industry practice.

They actually provide their customers with what’s known as “full replacement value” insurance. If they break your $5,000 HDTV, you’re reimbursed $5,000… no questions asked. But how could they afford this much more expensive insurance?  It was due to their extraordinary 3 step packing process that ONLY their company offered, and thanks to this process… their actual breakage and damage totals were below 3%.

And what little damage did occur typically involved a broken dish or plate… relatively minor items that had little to no replacement costs… and certainly no sentimental value that would create an emotional situation with their customers.  Their unique packing process allowed them to carry a $5,000 insurance deductible, and their premiums for this superior insurance were actually lower than their competitors paid for the inferior and deceptive insurance.

Their 3 step packing process… coupled with their superior full replacement value insurance coverage… became their market-dominating position.  All that’s left is to position that information in their ad and follow our marketing equation.

Let’s first create a headline for the top of their Yellow Page ad that interrupts. This must address the main hot button issue or problem that their prospects are looking to solve… in this case… damage!  So the headline should say something like this… “Last Year, More Than 4,000 Damage And Negligent Lawsuits Were Filed Against Moving Companies By Outraged Homeowners!” Think that headline will grab the attention of prospective movers? You bet.

But let’s not stop there. Next, let’s engage the prospect by promising them a solution to the problem we referenced in the headline… in this case, damage prevention.  What do you think of this subheadline? “Ask Any Mover These 2 Questions To Insure You Won’t Be Victimized Or “Ripped Off” By Deceptive Industry Practices.” Now, when a prospect reads this subheadline… do you think they will want to immediately find out what those two questions are? Of course they will.

Now let’s educate them by providing them with two questions that the prospect can ask any mover they choose to contact. What about these two questions…  do you follow a minimum 3 step packing process for every item you place in your truck… and second, do you carry full replacement value insurance? We already know that their competitions answer to both of these questions is no, since this mover had previously surveyed all of them.  This ad educates prospects on the realities of what actually takes place in the moving industry, and highlights this moving company’s market-dominating position that makes them the obvious choice to do business with.

Their offer was a free moving company comparison checklist that highlights the survey they did… showing the prospect that they were the ONLY moving company in town that offered all of these desired benefits. This will make them the no-brainer choice in the moving industry, and the results they generated from this new Yellow Page ad sealed the deal.

Instead of averaging just 70 calls per month… their new ad averaged 955 calls per month.  Instead of a 16% conversion rate, their rate jumped to 68%. Their new ad generated so many new clients asking for their services, they had to partner with 4 of their competitors to handle the increased volume. And listen to this.  Those 4 competitors bought this company out 9 months later for $2.3 million dollars.  All of this from simply changing the strategic message in their Yellow Page ad… and without spending an extra cent.

This is why every small business start-up needs to seek out our professional help. But finding professional help is often frustrating… and at times, a crapshoot at best. That’s why I wanted to teach you our marketing equation of interrupt, engage, educate and offer.

The moving company trained their prospects on the relevant and important issues they needed to know when moving so those prospects knew what to ask for when they sought out the services of a mover. Now you know our marketing equation… and you can use it when seeking out the professional help you need for your new business. A true marketing professional will know this equation, and if they don’t… run away as fast as you can!

And by the way, did you notice that in the information we just discussed we also covertly covered mistakes #2 and #3.  Earlier I said that the second biggest mistake small business start-ups make involved the fact that they don’t know the fundamentals required to successfully market their business and attract as many new clients as their business can handle.  Well, now YOU do know the fundamentals… and you can use them to out-market and outsell your competition right from the start.  First, create a market-dominating position for your business…  and then insert that position into your marketing by following our marketing equation to the letter.

And the third biggest mistake small business start-ups make focused on the fact that they have no idea how to generate immediate cash flow.  When you follow our marketing equation in every form of marketing you do… from your business cards to your company website, the financial results are instantaneous and immediate. Consider the following example.

Consider a recent situation involving Dr. John Smith… a child psychologist who specialized in helping parents with out-of-control kids. You know the kids I’m talking about don’t you? The ones at the store that are yelling, screaming, throwing a tantrum and completely out of control. These kids range in age from 6 years old up to teenagers. Dr. Smith’s original website had all of the classic mistakes that are typical in small business today.  He had the name of his practice at the top of his site.

The only thing even resembling what you might call a headline said “Parenting Advice & Resources From Dr. John Smith.” Does that headline really appeal to a parent who is dealing with a screaming, out of control kid? Would that headline hit their emotional hot button? Do they really care anything at all right now about “advice and resources?” Or… are his prospects looking for a solution to their problem?

Remember, you must always start your marketing with an Interrupting headline that’s focused on the problem your prospects are experiencing.  Then you must have a subheadline that engages the prospect by promising them that there’s a solution to that problem. Remember our first two Marketing Equation components… Interrupt and Engage. That’s the job of the headline and subheadline. And this applies to every form of marketing, including websites.

Dr. Smith’s website headline… “Parenting Advice & Resources From Dr. John Smith” does NOT address the problem his frustrated parents are experiencing with their child.  And to make matters worse, his website has no subheadline whatsoever, so there is no way for him to engage his prospects to keep them interested.

In fact, it’s doubtful that any prospect visiting his site will stay here more than a few seconds. The latest research shows that the typical prospect visiting a website remains on the site for just three to five seconds. If during that brief period of time they don’t find something that looks like it will provide them with a solution to their problem, they’re gone for good.

The third component of our Marketing Equation says to Educate the prospect. This simply means that you must educate them with what it is that makes your product or service so much better than your competition. On a website, this is done with either body copy… or in Dr. Smith’s case, by video. Just make it short and sweet when it’s the point of first contact. You can then offer much more information once you have them compelled to want to know more about what you do.

And the final component of our Marketing Equation is your Offer. A low risk… or better yet NO RISK offer gets them to take a specific action such as request more information, take a test drive, and register for a free thirty day trial, an educational presentation or similar offer. The key here is to make the offer so compelling that it’s literally irresistible to the prospect. In fact, you want them to be thinking to themselves that they would have to be an absolute fool to NOT take your offer.

Dr. Smith’s offer was a white paper titled… The Secret for Parents: a special report on how you can learn the secrets of nurturing well behaved children. Here’s the problem… his prospects don’t have well behaved children. They have one that’s screaming, yelling, cursing, belligerent, back-talking and completely out of control. Nurturing a well behaved child is NOT the solution they’re looking for. Getting their kid under control RIGHT NOW is what they’re looking for.

Can you see why Dr. Smith’s website failed him in every area? This site wasn’t building his business. It wasn’t helping him generate leads, attract new clients… or generate additional revenue for his practice. It simply doesn’t follow our Marketing Equation. So Dr. Smith changed his website so it did follow our proven step-by-step roadmap.

He placed a headline at the top of his site that said… “Are You Sick and Tired Of The Yelling, Screaming And Belligerent Attitude Of Your Child?” Would you say that headline hits the major hot button for virtually every prospective parent that comes to this site? Do you think that these prospects… the moment they read that headline… will immediately think to themselves that they have just come to the right place where they can find a solution to their problem?

In other words, did this headline just Interrupt Dr. Smith’s prospects? Of course it did.  Now let’s Engage those prospects by promising them a solution in the subheadline.  It says… “now you can discover the secrets to controlling your child and instantly restore peace and quiet in your home.” Isn’t that what his prospects want… and will do almost anything to get? Absolutely.  See how the headline and subheadline work closely together to Interrupt and Engage every single prospect who comes to this site?

Now that they’re Engaged,  the video can spend one to three minutes reinforcing the fact that our good doctor has the solution they so desperately seek,  and his offer has been changed so it’s not only more relevant to the prospects situation, but so compelling it’s virtually irresistible. The offer says… “Learn the Secrets To Gaining and Maintaining Complete Control Of Your Child In Less Than 60 Seconds.”

Show me just one prospective parent visiting this site that WON’T download that report. They all will. And when they do, Dr. Smith captures their contact information so he can continue to keep his prospects informed until they’re ready to buy his services.  This revised site exploded Dr. Smith’s business to unprecedented levels. And best of all, our marketing equation can work for your business as well… producing immediate results. So to quickly recap.

The three biggest lead generation mistakes people make when looking to get started in business are #1… They fail to get professional help.  #2… They don’t know the fundamentals required to successfully market their business and attract as many new clients as their business can handle.  And #3… They have no idea how to use their marketing to generate immediate cash flow.

Our marketing equation contains the fundamental components you need to insure your new business is successful from the very start. The marketing equation will make your phone ring and position your new business as the dominant force in your market.   It provides the marketing foundation that will enable you to generate immediate cash flow.  And as you get started, you can use this information as a minimum standard when seeking out professional help for your business.

When you can overcome these three biggest lead generation mistakes, you will generate all the leads your business can handle… and turn your dreams of owning your business into reality. Want proof?

Suppose we could provide you with professional help…  teach you some basic fundamentals that will allow you to market your business successfully and help you to attract as many new clients to your business as you want…  while simultaneously helping you to develop compelling marketing that will generate immediate cash flow for your business?

And suppose we could do all of this for you for free…and do it in just 7 days… just to prove to you that everything I’ve said in this is 1000% true? Go to http://www.akris.net and enter your name and email address in the box on the right, and I’ll send you 4 videos over the next 7 days that will do all of this… and more!

Each video is short and to the point…  but the results you will experience will astonish you.  We’ll even show you how to monetize the information we’ll send you so you can see an immediate increase in your revenue and profits. I promise you won’t be disappointed.

So don’t wait.  Go to www.akris.net and receive your videos today. Ask if you qualify for our $5000 grant to cover the cost of this program. Enter your name and email address right now, and we’ll show you how to out-think, out-market and out-sell your competition.

 

Ron Finklestein
330-990-0788
info@akris.net

Why don’t people buy from me?

Did you ever ask yourself, “Why don’t people buy from me?”

The Biggest Marketing Challenge WE All Face

The biggest challenge we’re dealing with today is change. Things are changing so fast. As a result of this rapid pace of change people do not know who to trust!

There are six questions your prospects want answered before they will buy from you. These questions are designed to allow you to think like your buyer and speak with them so they know you are the right and safe choice.

Why the Six Questions are Important

When I started my business back in 2001, I lacked trust. What I really mean is that I did not know who could help me get clear on my ideal client. Every time I ask someone they said things I did not understand. I was confused and a confused mind does not take action. This is what we’re dealing with.

Stick with me as I talk about things you may not have thought about before. Keep an open mind because, to grow your business, you need to find someone you can trust.

Remember we stated earlier that “trust” is the biggest marketing issue we need to address. This is what marketing is about – helping our prospects to trust us so we can start the sales process.

Let’s jump right in.

The Six Questions

Question 1: What Do You Do?

What do you do? What would you tell me?

If you answered, “I am a financial planner,” or “I am an accountant,” or “I fix computers,” then you got it wrong. This is not what you do; it is how you do it.

People want to know what you do before they want to know how you do it.

For example, if you are a financial planner, here is what I would hope to hear: “I help people make the right choices about their money,” or “I help them make wise money decisions,” or “I build, protect and transfer wealth (my favorite).”

People want to know what you do before they want to know how you do it.

Question 2: Why should I care about what you do? Or, “What’s in it for me?”

If I asked a financial planner how he is different, what would he say? This is really important because there are thousands of financial planners that want my business. Why would I hire one over the other?

If you’re a business owner and looking for customers, you have prospects who are asking, “What’s in it for me?” Your job is to marry your skills and the outcome you provide to the prospects that have that need. Don’t make your prospect figure it out, tell them. That’s all your prospects want know. Don’t make your prospect guess.

Question 3: Why are YOU the Right and Safe Choice?

They’re going to want to know the answer to this question: “How do I know you are the right and safe choice for me, right now?”

The question of why you are the right and safe choice addresses a very powerful question for your prospects: “Can I trust you to do what you say you will do?”

They want to know how you will make them more effective and productive, how you make them right and how would you make them look good?

Business owners have a strong need to be more effective and more productive. Here is what you need to know. Simply ask them what they want to achieve and tell them how you will help them achieve that goal. When they understand how you’re going help them achieve their goal and how you can make them more effective and more productive, they are on board.

 

Question 4: What do you do better than anyone Else in the World?

You are unique. There is no one like you. The uniqueness you bring to the business is a great example of how to answer this question. It is not the only answer but it is a great place to start. Let’s look at a specific example.

How many people have heard the Southwest Airlines commercial where they discuss “bags fly free”?

What does Southwest Air do better than anybody else in the whole world?

Fun?

Yes, Southwest is fun to fly, but what do they do that no other airline does? “Bags fly free.”  That’s really all it is. They are the only airline that does not charge for bags. This isn’t rocket science.

Question 5: Why is that Important to my Prospects?

Why is what you do better than anyone else in the world important to me?

When you answer this question, you’re moving into allowing the customer to buy from you. This is actually the beginning of the buying process.

Will you:

  • Make them more money?
  • Give them more free time?
  • Create more value?
  • Reduce risk?
  • Save them money?

This is the beginning of the business case of why you are the right person or your company is the right company.

It’s just that simple.

Question 6: Why Buy From Me? Or Prove It.

So here’s the last one question. Why buy from me? This is really the fundamental question; this is where the proof exists. Do you have the credentials? Can you say that you’ve done this for another company and can do the same for me? Do you have endorsements from others who will vouch for you?

If what you are doing is not working as well as you would like. Try this process. It works. The answers you create can be used to craft a killer 30 second commercial, create actionable contents for your web site and make it easier for prospects to understand why they should be from you.  There are 16 modules on answering the six questions. To make it easy you can purchase or rent this course at https://gumroad.com/l/6-questions

Ron Finklestein is an international author of four business books and the creator of the Business Growth Experience. To learn more go to www.businessgrowthexperience.com.

 

Sales Tip 11 – Hey, What’s up

Hey, what’s up?

Someone who bills themselves as a social media & LinkedIn expert (her words not mine) asked to connect with me on LinkedIn. I accepted this request.

The email I received from her had only this question, “Hey, what’s up?”

Maybe I am showing my age but I have no clue how to answer this question. Is she asking about work, my family, what I am doing right now, what I do, or who I do it with? It left me feeling confused and wondering if she thought she was on Facebook (I perceived Facebook communication to more informal.)

I replied, “I do not know how to answer this question,” trying to gain some clarity in what she was asking.

I get the reply, “what do you do?” This made we wonder if she read my profile since it clearly states I help companies grow sales and increase revenues. I replied, “I help companies grow sales and increase revenues with sales training, coaching and consulting.”

Her reply, “do you have a web site?” Again, if she read my profile she would know that. I replied, “I have several of them.”

This whole process could have been shortened if she did a little homework (such as read my LinkedIn profile.)

If you want to engage me in a dialog please be clear. Tell me what you do and why I need your service. Don’t send me an email and ask “what’s up?” I do not know you. Tell me why I should invest in a relationship with you.

If you think you can help tell me why. You could say something like, “I looked at your web site and here is where we can help.” Please specify which site you are referring to as I have several. If you do not mention the site I will assume you did not look or you would be specific. This is important because this is where the sales process begins.

Finally, don’t make me work at understanding what you do or why I should care. If you don’t know your business well enough to answer that question, get some help. Especially if you are selling social media marketing services. If you can’t market yourself how would I expect you to market my services?

We are all busy people and we want and need help that will take up closer to our goals. I think we appreciate being approached with a meaningful well thought out message.

LinkedIn is a powerful marketing tool. Use it with the respect and responsibility the members deserve.

With that being said, I invite you to go to <a href=”http://www.businessgrowthexperience.com”>www.businessgrowthexperience.com</a> and download my free report on the Six Questions Prospects want Answered BEFORE They Buy. It will help you answer my questions above.

If you would like a free sale assessment please fill out the form below:

Ron Finklestein

330-990-0788
ron@businessgrowthexperience.com

Sale Tip # 8 – Why are you different?

Sale Tip # 8 – Why are you different?

I received a call from my nephew and he asked me this question, “Why are you different?” What is was really asking is, “Why are you different from your brother?”

As I answered the question I realized he was asking a fundamental question about sales and marketing as well.

Each prospect wants to know, “Why are you different than your competitors?” and “Why is that difference important to me?”

Why are you “different” than your competitors?

Most people talk about how good they are and they do not tell the prospect why this is important.

For example, I am a sale trainer and coach. People ask me how I am different than my competitors. I explain to them how everything we do is research based, market tested and results oriented. I then ask them if they want to work with someone who read the book or the person who wrote the book (since I have written six books.) Having written six books on business growth is a powerful differentiator. All my material is in the public domain allowing them to check it out to see if it resonates with them. It also allows them to explore my depth of knowledge.

This makes is easy for the prospect to understand my uniqueness in helping him solve his sales issues.
The next part is just as important because here is what they really want to know: Why is your differentiator important to me?
They are really asking if you will create more value, make them more money, save them money, save them time, make them more productive, make them money or reduce their risk. That is what most business owners want. Can you position your product or service in a way the prospect can understand and act upon?

Let me give you an example.

We help companies (what we do) increase revenues, grow sales and shorten the sales process (why it is important) putting you back in control of the revenue generation portion of your business. (We are different) than our competitors because our program is research based (our books), market tested (proven by existing clients) and results oriented (grow revenues/increase sales) and what we teach will not only help you grow sales and you will use it to improve nearly every type of relationship you are involved in.
We need to stop marking our prospects think so hard about what we do and why that is important to them. In a book called Achieving Sales Excellence the author researched 8,000 business owners and the owners said the most important part of the sales process (39%) is the ability of the sales rep to effectively communicate the impact your product or service will have on the company and help move the prospect through the sales process.

How successful you are in sales is dependent on many things but these are important:
1. How effective you are in communicating your value in a way the prospect understands
2. How effective you are in helping the prospect through the buying process
3. How easy you make it for the prospect to understand why your unique value proposition is important to them.

Be sure to check out the other sales tips at http://www.ronfinklestein.com

To Your Success!
Ron Finklestein
330-990-0788

 

 

Sales Tip # 7 – Be Honest!

Sales Tip # 7 – Be Honest!

People need to trust you before they buy from you.

I am planning a big event for September and I was shopping hotels ball room. I found one I like and the price was right and I asked them to give me a formal proposal.

I was floored when I saw the document and was more than flummoxed when I heard their response.

EVERYTHING was 30% higher than what they told me!

The projection screen – a 22% service charge – for pressing a button to lower the screen.

The room – a 22% service charge – not sure for what. I was already quoted a substantial room fee. Was this 22% to turn on the lights?

The food, already 20% higher than the competition – a 22% service charge. Was the 22% to carry it from the kitchen to the room?

I could go on. The 22% service charges was on everything. Why didn’t they give me a price and add 22% to the total price? Why not address it up front?

The other 8% was taxes. I get that. But telling me one price and then delivering a quote 22% higher. Naturally I looked at everything closely because I did not feel they were honest.

Was this good business? Must have been for them since they felt they could do this.

When I asked about this they simply said (my perception) take it or leave it. In addition to the 22%, they were arrogant in how they handled it. I walked away feeling lied to and mistreated.

I felt ES (their initials) was not honest, less than ethical and not forthright.

If marking everything up 22% is an industry standard – they should have told me. It this markup is standard, why not include it in the price? Why spring it on me as an afterthought?

I am a big boy. If I don’t like a prices I will go elsewhere. But why try to hide it? Did they think I would not notice a 30% difference in price?

The only thing we have is our reputation. It we soil our reputation, this damage can stay with us for years.

I should really thank ES for this learning opportunity. I need a topic to write about this week. Thanks ES for providing it.

Be honest. It is far easier than dealing with the consequences of lying.

Ron Finklestein

ron@akris.net

ps. Check out my new site Make a Difference (I call is MAD for short) and learn how to make a difference selling, in leadership and personal development.

Sales Tip # 6 – Are you Likeable?

Sales Tip # 6 – Are you Likeable?

We all know people buy from others they know, like and trust.

If that is true, and I believe it is – are you likeable?

If you are likeable what do you do to be likeable?

Recently, I was meeting with a seasoned business pro. It was our first meeting. He was semi-retired and we were talking how his assessments would help his clients make great hiring decisions. He wanted to see if I was someone he could introduce to others when the need for sales training was identified. We had a very good discussion. I listened as ho told me about his assessment and the positive impact they have when used.

When the time came he asked me how he could help me.

I pulled out my one page document that outlines what problems we solve and who we want to meet and showed it to him. He pushed it back and said, “It is too detailed.”

I pushed it back and said, “I get a lot of business using this document!”

He said, “It is not the document that gets you business.”

Trying to be open-minded I asked, “Why do I get the business?”

He only said “you’re likeable.”

I paused – what do you say to that?

We finished our meeting and on the way home I asked myself, ‘what did I do to be likable?”

I listened. I was interested. I asked questions for clarity. I really wanted to learn what he did.

I was not satisfied with what I was thinking.

I decided to ask a group of well-respected and accomplished business associates how one is “liked” – from their perspective. They are from all walks of life, of different ages (24 – 61) and they all sell into different markets. They included Mike Lemmeyer (home improvement) from K Guard, Tim Plonski (Financial Services) from JK Investments, Dave Kuhner (Marketing) from Team Kuhner, Bob Powers (Financial Services) from Primerica, Paul Stefunek (Retained Search) from Paul Lawrence & Associates and Ron Finklestein (Sales Training/Consulting) from Business Growth Experience.

After a very interesting discussion here is what we came up with:

  1. Smile – Smiling indicates a high-level of trustworthiness.
  2. Listen – Don’t listen to prepare for the next thing you are planning to say but listening to understand.
  3. Eye contact – Making eye contact indicates you are present in the discussion.
  4. Look the part – You must dress as one in your industry would dress. For example, plumber in a tuxedo would raise a red flag whereas a plumber dressed a plumber makes sense.
  5. Communicate effectively – Don’t make others guess at the meaning you are trying to communicate.

It seems so simply and I understand how difficult it is to be effective in all five areas. Please let me know your thought and the actions you take to be likeable so others may learn.

To your likeability,

Ron Finklestein
If you like this article, check out my newest website: Make a Difference. Here we focus on growing sales, leadership and personal development.

 

 

 

Sales Tip # 5 – Don’t be Stupid

Sales Tip # 5  – Don’t be stupid!

Sometimes in our haste we do something stupid.

I received this email, “If you are still in business call me?” That was all there was to the email (I withheld the signature and company name – I will tell you he sold merchant services.)

No greeting.

No first name or introduction.

He did not tell what problem he was trying to solve for me. Was he trying to help me grow sales, increase revenues or reduce my expenses?

He did not tell me who he was or what he did.

No – this is how we can help you – just “are you still in business?”

Was he lazy or just stupid? I really don’t know but the impression he made was less than stellar.

If he wanted to talk to me why didn’t he ask me for a good time to call or the best phone number to reach me or ask me if I to talk to him?

My opinion of this email is that it was the most arrogant email I have ever received.

I, like most business owners, work hard. We have bills to pay, our family to feed and house payments to make. AM I STILL IN BUSINESS???? He did not research on me or my company. He had no idea of the industry I was in or if I even needed his services.

Do you think I called him back? NO!

Do you think I responded in any way? NO! (I did respond to tell him that his email as arrogant.)

Did I think he was either desperate or lazy? YES!

Did I think he had my best interest in mind? NO!

Sometimes we get careless or forgetful of proper email protocol. Sometimes we take shortcuts. Mistakes happen. I get that. But…

In today’s world of social media I could put his name and company name all over the internet as an example of what not to do. Instead I write a blog post.

We need to slow down and remember that sales is about the relationship (as short as it may be.) Basic courtesy is still necessary: Respect is still necessary and people skills are important. When the relationship is there people will buy-it all starts with respect.

When doing email marketing keep it short and to the point. Create an eye-catching subject line. Tell me what you want and WHY I SHOULD TALK TO YOU! Get me a link to learn more if I am interested.

It is about staying focused on the end results. There is only four things business owners like me want from you when you market to me: 1. How to increase revenues. 2. How to reduce expenses. 3. How to increase my productivity. 4. How to add more value to my clients. If your email does not address at least one of those issues – save time and do not sent the email.

To Your Success,

Ron Finklestein
330-990-0788
ron@ronfinklestein.com
p.s. We are launching a new web site that provide high quality training and a very low price. Check it out. WWW.MADPPV.com. We focus on sales growth, personal growth and leadership on this web site. BTW, MAD means Makie a Difference.

Tip # 4 to Grow Sales – Buy on Price – Buy Twice

Buy on price – pay twice!

Many years ago, while I was remodeling a house, I needed a specific tool to finish the job. It was a fairly expensive tool, $99 on the low-end up to $400 at the top end. Naturally I chose the $99 tool and finished the job.

After several uses I realized I purchased the wrong tool – it didn’t do everything I needed it to do. I bought the tool because of the price. Since then I have spent a lot more time and money trying to use the tool for things it was not designed to be used for and decided to buy a higher quality tool more suited to my needs. I purchased the second time, not on price, but on value.

I bought on price and I paid twice.

How do you help your prospect buy your value and not your price?

It starts with a well-defined sales process. Each step in the process is designed to add value to the prospect. Here is the process I use:
1. Rapport strategy
2. Define problem
3. Explore impact of the problems
4. Collaborate with the prospect and jointly create the solution
5. Get the order
6. Ask for a referral
7. Conduct a review of the call to determine what worked and what did not work and make the necessary changes

The rapport strategy is designed to help them like and trust you.

Defining the problem helps you understand the symptoms and cause of the problem.

The exploring step help both you and the prospect understand the impact of the problem and what happens if the prospect does nothing.

The collaboration step allow both you and the prospect to build the solution together. It is very hard for the prospect to reject a solution they helped build.

The outcome of a well-designed process is the order, concerns, or a “no.” It is a natural outcome of the process. Each can be dealt with since each party now knows the issues.

After the order is signed the next step is to ask for a referral. The more specific you can be the better the opportunity to get the referral.
Finally, review the sales transaction and change what did not work and continue doing what did work.

Sales is not an art, sales is a process. When the sales process is both well designed and executed even people who do not perceive themselves as sales representatives can do quite well at sales.

DefinitiveSalesFinal032513You can learn more from our book, The Definitive Sales Play Book: How to Grow Sales and Create Lifetime Customers – available at Amazon.com

Ron Finklestein

330-990-0788

Email me at ron@businessgrowthexperience.com to schedule your free assessment sales assessments.

How to Grow Sales – Tip # 3 – Will they pay for a sales call?

Sales is changing and will continue to change for the foreseeable future.

It has swung back to personal relationships – if the prospect has a reason to meet with you.

All prospects have access to all the information they need on the Internet. If your business is being commoditized they have no reason to meet with you. Just submit your proposal through the web portal or email it to the primary contact. There are no assurances it will be read.

If you add value they will not only want to see you but they will pay for your advice.

So how do you add value?

You add value through your experience.

You add value through your knowledge.

You add value through your contacts.

You add value through your relationships.

Sales used to be an art. Now sales is a process.

The sales rep had all the power because they had the product knowledge.

Now the customer has the power because they have most everything they need because of the Internet. They don’t need the sales representative anymore unless you bring value.

How do you know you are adding value? If the prospect is willing to pay for your visit – you are adding value.

I recently was invited into an account. After one meeting they put their plans on hold and invited me in to do a barrier buster process. They saw the experience come through by the questions I asked. The questions alone provided significant value.

How would you add more value to the sales process so they pay for your advice and support?

Ron Finklestein
info@BusinessGrowthExperience.com

You can start thinking about your value by downloading the free report: Six Questions Your Prospects Want Answered Before They Buy. You can find it at www.businessgrowthexperience.com

53 Things I wish I Knew BEFORE I Started my Business

53 Things I wish I knew Before I Started my Business:

  1. How to write a business plan
  2. How to execute a business plan
  3. How to find a good coach
  4. How to park my ego and ask for help
  5. How to network and build an effective network
  6. How to build effective relationships
  7. How to sell
  8. How to manage money
  9. How to use marketing to build a brand and attract the right client
  10. How to find the right customers
  11. How to ask for the order and not expect them to ask
  12. The value of surrounding myself with others who are better than me
  13. How to be vulnerable
  14. When to say no
  15. When to say yes
  16. How to take calculated risks
  17. The value of ethical leadership
  18. When to hire
  19. How to hire
  20. When to outsource
  21. What to outsource
  22. To understand what people were really saying
  23. How to value my product
  24. How to price my product
  25. Understanding of my ideal customer from both a demographics and psychographics perspective
  26. How to find a good accountant
  27. How to find a good financial planner
  28. How to find a good graphic designer
  29. To set my goal higher
  30. To go for the “no”
  31. Take more risks
  32. Forgive myself sooner when those risks fail
  33. Test for understanding
  34. Learn to say no
  35. Learn to say no again
  36. Reward myself more often when good things happen
  37. The power of a goal
  38. The power of a goal that I have to report on
  39. When to give up on  an idea
  40. When to act on an idea
  41. The power of planning
  42. The higher power of a plan “B”
  43. How to take better care of myself
  44. The power of a great diet
  45. How to get to the feeling of “belief” sooner
  46. Setting up a good filing system
  47. How to write a book sooner
  48. No caring what others would say
  49. Doing what is right
  50. Sleeping better at night
  51. How powerful “brainstorming” is in understanding a problem
  52. The power of having a database of trusted people who can help solve a problem and letting them
  53. The value of being a friend

Sincerely,

Ron Finklestein
ron@akris.net
330-990-0788
www.businessgrowthexperience.com

 

Do you care what people think of you?

Do you know (or care) what others think of you?

A few years ago I was meeting with an attorney to help him grow sales. I asked him, “Why did you choose to meet with me?”

His answer, “Because I called four people I know who know you and they say you are the real deal.”

I was surprised by his answer and did not give it much thought.

Since then my client have introduced me to their associates as “The Real Deal.”

I did a speech to a local chamber and the chamber CEO introduced me to 100 business owners as “The Real Deal.”

Several people I met in the audience asked me how I came to be called “The Real Deal.”

I realized I created a brand. I did not do it with intention, but I have a brand none the less.

I went to my mastermind (a group of business owners that support each other) and asked their opinion about being called “The Real Deal.”.

Here is what they said, “If people call you that, it is OK? If you gave yourself that name it is not OK.”

Since we all have a brand (reputation) in our market, whether we created one with intent or not, do you know your brand? If not why not? This missing piece of information could be costing you thousands in new business.

Do you know what your brand is?

Does it support you or hinder you in creating new customers?

How do you find out what your brand is?

And most importantly, how do you market your brand for your best and highest use?

Let me know what you think of my brand and let me know what your brand is or the brand you are trying to create. You can leave me a comment on my website. Here is the link: http://wp.me/p1xMSz-iW

The Real Deal

Ron Finklestein
www.businessgrowthexperience.com
ron@businessgrowthexperience.com

To learn more on how to start building your brand download the free report: Six Questions Your Prospects Want Answered Before They Buy at www.businessgrowthexperience.com.

Getting Back! Best Sales Training Company!

Getting Back!

I have not written a blog post in a while and I wanted to let you know why. I had a total knee replacement. All is good and I am back at work, more productive than ever.

While I was recovering I was very productive. If you know me, you know I cannot just sit still. Though I was not mobile I was productive.

First, a gift. If you go to www.businessgrowthexperience.com you can download the eBook called, Six Questions Prospects Want Answered Before they Buy! This report has been so well received it will be the baseline for a book of the same name. Expected production date in June 2014. You can get it now before we take it down.

2013 was a good year for RPF GROUP INC and Business Growth Experience. We were named best sales training company in Akron, Ohio. Thank you for your support.

Dr. Tony Alessandra and I have written another book called, The Definitive Sales Playbook: How to Grow Sales and Create Lifetime Customers. The book is best practices of successful sales people. It has 65 short chapters of what successful sales reps do to be successful. For the new rep this is a playbook to show you how to be successful in sales. For the experienced rep, it is a review of what made you successful. For the business owner, this book is a playbook for building a great sales force.

The Definitive Sales Playbook was created as a result of the sales membership site we created. Here is the link if you want to check it out www.businessgrowthexperience.net. It will be well worth your time to check it out.

We are announcing a new product. We believe it is the only one of its kind. We call it Selling You! It is a completely customized sales training program tailored specifically to your needs. If you are interested, send me an email and I will email you an application. We are rolling it out on a limited basis. We assess your sales skills using our proven assessment and we create a sales coaching for you. My email is ron@businessgrowthexperience.com if you want more info. Include your phone number and I will get back to you right away.

Stay tuned for our new Webinar series. They will run quarterly and be 60 minutes in length. They are based on our popular lunch and learn series (http://saleslunchandlearn.eventbrite.com – for you Northeast Ohio readers). We take a chapter out of The Definitive Sales Playbook and drill into the material in details. Each quarter we will address a specific need in growing sales. These programs will be specific – something you can apply immediately.

Michael LaRocca and I released a book called, Make a Difference: From being Successful to Being Significant.  It is a short read about one person who goes from being successful to being significant by implementing the 9 laws of success. This books was 12 years in the making and it is the outcome of what 1000 small business owners did to be successful. We have received many positive review and my favorite is from Dave Young who said, “I like this better than anything Jack Canfield has written!”

Thanks for your support. With you the announcement in the blog post would not be possible.

Ron Finklestein
330-990-0788

Ron@businessgrowthexperience.coom

www.businessgrowthexperience.com

Half of Success is Just Showing Up!

Half of Success is Just Showing up!

I run Mastermind groups and several clients asked this question, “Why are people late or they don’t show up when they register for an event?”

A variation of that same question is, “Don’t they understand how much time, energy and money we invest?”

We can expend this question to include: Why won’t people return phone call, especially where a business relationship exists? I am not talking about a cold call.

I do not believe these are time management issues. I think they are behavioral issues: lack of focus, lack of clarity on what is important, maybe laziness.

Those questions are legitimate and in my opinion they reflect very badly on people who exhibit this behaviors.

When I have a sales call with a prospect I try to never be late. I believe it is a sign of disrespect when I am late. There are times when I am late. It may be a traffic accident, a call running longer than expected, etc. When I am in that situation, I call the person I am planning to meet and ask them if they want to continue with the meeting or reschedule.

I was on a radio interview promoting my latest book, Make a Difference: From Being Successful to Being Significant, and I was on the call exactly at 3 PM. She commented on my time management. I told her if I were not on time it would be the ultimate of disrespect to her and her schedule. She is busy. She has a radio program to run. She is dependent on the time slot the radio gives her. If I am late it puts her in the rough spot.

I was watching 60 Minutes and they were profiling Alabama football coach Nick Sabin.  One of his player was late for a team meeting and Sabin asked him why, “I could not get my earring out,” was his response. Sabin asked him this question, “Do you care more about your earring than this football team?”

Sabin was interrupted by someone who could not get his earrings out? Really. Shows you where his priorities are!

When you are late or do not show for a meeting or event, think of the message you are sending about who you are? Think of what the prospect thinks if you are late: are you dependable, can I trust you to do what you say you will do, will you blow me off again in the future, what will happen when I share with you my problems? They have a busy day and you are negatively impacting their schedule.

There are four rules all (sales) professional should implement daily:

  1. Do what you say you will do.
  2. Do it when you say it will be done.
  3. Don’t be late.
  4. Be a good listener.

As the old saying goes, “half of success is just showing up.”

Ron Finklestein
www.businessgrowthexperience.com
330-990-0788
ron@businessgrowthexperience.com

The Definitive Sales Playbook: How to Grow Sales and Create Lifetime Customers

The Definitive Sales Playbook: How to Grow Sales and Create Lifetime Customers

Dr. Tony Alessandra and I are proud to announce our newest book  The Definitive Sales Playbook is now available on Amazon.  Brian Tracy was kind enough to write the Foreword.

The book was the outcome of a sales membership site Tony and I built with the help of TruNorth. The book reflects the different modules available in the site. The book is designed to be help new sales reps increase sales through the use of best practices, remind seasoned sales reps what they did to be successful and help take existing sales reps to a whole new level in their sales performance.

If you are interested in our sales training or coaching program please contact Ron Finklestein. To learn more about Ron Finklestein  or Dr. Tony Alessandra just click on the highlighted links.

I included the Table of Content for your review:

Introduction

Nine Behaviors of Successful Salespeople

The Platinum Rule ®   — Treating Others the Way They Want to be Treated!

Building And Maintaining Rapport Throughout The Connecting Phase

Building And Maintaining Rapport Throughout The Exploring Phase

Building And Maintaining Rapport Throughout The Collaboration Phase

Building And Maintaining Rapport Throughout The Confirming Phase

Building And Maintaining Rapport Throughout The Assuring Phase

Negative Preparation Leads to Positive Results!

The Power of Testimonials

Lead Generation with Social Media

Blogging as a Sales Tool

What is the number one thing that business owners want from their sales rep?

Behaviors of Non-Performing Sales vs. High-Performing Sales Reps

Why Goals Fail

How to Build Trust Quickly

Why People Won’t Buy From You!

Question #1: “What do you do?”

Question #2: “How are you different?” or “What’s in it for me?”

Question #3: “Why are you the right and safe choice?”

Question #4: “What do you do better than anyone else in the world (in your industry)?”

Question #5: “Why is that important to my prospects?”

Question #6: “Why buy from me?” or “Prove it.”

Sustaining Motivation

Bite-Sized Training

Selling by the Numbers

Identifying Lucrative Prospects

Identifying Your Best Prospects

Incoming Prospecting

Visibility Strategies for Incoming Prospecting

Prospecting

Asking for Referrals

Knowing Your Competitive Advantages

Your Competitive Advantage Statement

Contacting by Phone—Key Telephone Skills

Using the Phone as a Prospecting Tool

Contacting Prospects Online

In-Person Contacts

Common Up-Front Objections

Skills For Responding To Resistance

Three Steps to Successful Sales

Identify Customer Needs

Question Topic Categories

Exploring Important Topics

Ten Tips for More Effective Questioning

Identifying Success Criteria

Ten Commandments of Powerful Listening

Active Listening

Types of Decision Makers—Understanding the Cast of Characters

Features versus Benefits

Five Key Elements of Presentations

Proposing Solutions

Price Concerns

Product Concerns

Postponement Concerns

Product-Price-Postponement Concerns Worksheet

Negotiating Tips

Confirming The Sale Signals

Benefit Summary

Stairs of Customer Loyalty

Commitment To Your Customers

Effective Communication With Customers

Enhancing the Customer Relationship

Thirteen Ways To Assure Customer Satisfaction

Monitoring & Measuring Success Criteria

The Annual Check-Up

Expanding Your Sales

Time Analysis Questions

Return On Time Invested

ROTI Account Classification

Appendix A — Quick Reference Guide

Building Rapport Throughout the Sales Process

About Dr. Tony Alessandra

About Ron Finklestein

 

Click here to purchase the book  The Definitive Sales Playbook.

Click here to learn more about our sales training and sales coach

 

To your success,

 

Ron Finklestein
330-990-0788

 

4 Most Powerful Words in the English Language

Four Most Powerful Words in the English Language!

I recently did a radio interview on blog talk radio. We talked about how to use the four most powerful words in the English Language to grow sales and increase revenues.   I wanted to share the broadcast with you. Please give a listen and post your comments. Here is the link:

http://www.blogtalkradio.com/kurtsteelelive/2013/08/09/4-most-powerful-words-in-the-english-language

Ron Finklestein
330-990-0788

Ron @ businessgrowthexperience.com

Check out my membership site and get your free download. got to http://www.businessgrowthexperience.net

Do people trust you?

Do people trust you?

People buy from people they like and trust. I don’t think anyone would argue with that.

So how do you develop trust?

In my opinion, building trust starts with building rapport. Rapport is something we do every day with every person we meet. It is not something that is done the first time you meet someone, it happens every time you meet them.  Some of the more common techniques include:

  • Pacing
  • Matching and mirroring
  • Vocal variety and tone of voice
  • Eye contact
  • The way we dress
  • etc.

Rapport is not something we are taught to do, it is something we do. Some are better at building rapport than others. Some are naturals and others study it and make a decision to master it. One of the less common and more powerful ways to build trust is to take the time and develop the skills necessary to treat others the way they want to be treated. You can learn more in my book The Platinum Rule for Small Business Mastery available on http://www.amazon.com

When people trust you they buy from you and they are loyal to you. This means they return to buy more.

When your employees trust you they will work harder for you and make better decisions.

You create deeper and more satisfying personal relationships.

Did you meet someone that you just liked, you became immediate friends and realized you wanted to spend more time with them, maybe find a way to do more business – that is rapport.

Did you meet someone of the opposite sex and immediately wanted to do on a date? That is rapport.

Did you buy something you never thought you would buy because you liked the person doing the selling? That is rapport.

Rapport building is a skill that anyone can learn and should learn.

Let me know if you have any questions.

Ron Finklestein
Download my free report – six questions prospects want answered before they buy from you at http://www.businessgrowthexperience.com.

My sales membership site has some great material on treating others the way they want to be treated. Check it out at http://www.businessgrowthexperience.net.

The Fuel that Drives the Engine of Your Sales Success

The Fuel that Drives the Engine of Your Sales Success

It is important to identify the prospects that will have the highest need for your product or service.  These are your best prospects—the ones who are most likely to buy, use, and recommend you and your services.

When you have identified your best prospects and know where to find them, you can use your marketing skills to generate leads that will most likely result in profitable sales. Qualified lead generation is the fuel that drives the engine of your sales success.  The techniques discussed here can keep you supplied with highly qualified leads.

How can you identify those prospects that are most likely to want to hear your message? And, once you’ve identified the profile of those most likely to buy—your TOP 20%—where can you find prospects in large numbers who fit that profile?

Begin with an analysis of your sales over the last year or two.

In your analysis, you look at three things:

1.            Who bought what?

2.            How did you find and sell those customers?

3.            Why did they buy what they bought?

Possessing the right marketing skills is crucial in properly identifying the right kinds of prospects for a company. Smart companies accomplish this responsibility by profiling the top twenty percent of their current customers who typically provide eighty percent of their profits.

Looking for new business is very expensive. Therefore, companies need to avoid the wrong kinds of prospects for them.  Just as it is critical in distinguishing the attributes of the right prospects, a company needs to outline the characteristics that make-up the bottom twenty percent of their customer base. Anybody in business can easily recognize who the complainers, price-grinders, and transaction-oriented clients are. By clearly understanding the bad traits of those bottom twenty-percent, companies can much easier avoid the wrong prospects.

This is a review of one chapter from our (Dr. Tony Alessandra and Ron Finklestein) new book. Let us know and we will notify you when it is through the publication process. The book is called The Definitive Sales Playbook: How to Grow Sales and Retain Customers (Soon to be available on Amazon.com.

Ron Finklestein
Download our free report on the Six Questions Prospects Want Answered BEFORE they Buy from YOU. www.businessgrowthexperience.com
ron@businessgrowthexperience.com
330-990-0788

 

 

Can you be Successful at Sales?

Anyone can be successful at sales provided you have the right behaviors and mind-set.

In 2003, Tim Connor published a book called Soft Selling.   In it, he compared how poor salespeople and successful salespeople managed their selling time differently.   He allocated the salesperson’s time into six major categories:

·   Prospecting

·   Sales Presentation

·   Service

·   Administration

·   Travel

·   Self-Improvement

 

He found that when it came to time management, poor salespeople allocated their time as follows:

·   10% on prospecting,

·   23% on sales presentation,

·   15% on service to others,

·   30% on administration,

·   20% on travel,

·   and a meager 2% on self-improvement.

 

These numbers are stunning at first glance if you believe and take Connor’s numbers seriously.

Note that only 10% of a salesperson’s time was being spent on prospecting and a whopping 30% of their time was being spent on administrative duties.    In other words, the salespeople who failed were spending more time managing their paperwork and administrative duties than managing or growing their sales pipeline.

 

10% of a poor salesperson’s time was being spent on prospecting.  It’s no wonder their sales were falling short of their expectations and their sales pipeline remained empty. They were spending more time on paperwork and presentations when they should have been out looking for new suspects to qualify. Contrast these numbers with how well successful people managed their time when it came to selling.  Connor found that good salespeople spent their time as follows:

·   45% on prospecting for new business,

·   10% on their sales presentation,

·   20% on service to others,

·   5% on administration,

·   10% on travel,

·   And 10% on self-improvement.

If you want to learn how to get better at sales and be seen as a partner to your customers check out Collaborative Selling. To learn more go to www.akris.net 

 

Sincerely,

Ron Finklestein
Business Growth Facilitator
www.businessgrowthexperience.com  

 

 

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