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?

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.

 

Do You Have A Unique Selling Proposition?

Do You Have A Unique Selling Proposition?

If I were your prospective customer, why should I do business with you above any and all other options? Why would I be an absolute fool to buy what you sell from anyone else but you? That answer should be clearly articulated in the form of your USP.

What you need to know…

A USP is the single, most distinct and important benefit a business owner provides to their clients that’s different from their competition. It’s absolutely critical to not only create an effective and highly compelling USP, but to use it in every piece of marketing you develop, and in every form of communication you use with your clients and prospects.

Why you need to know this…

Your USP, working in tandem with your elevator pitch, creates a huge competitive edge for your business. Developed properly, it will separate your business from your competition, eliminate them in the minds of your prospects and have them saying to themselves that they would be fools to do business with anyone else but you.

For example, most business owners place the name of their business at the top of their business card. That’s the worst thing you can put there. No one cares who you are or what you do. They only care about the benefits your product or service offers to them.

Instead of a jeweler’s business card saying “John’s Jewelers,” what if it said this…

Discounted Diamonds – Unmatched Quality, Untouchable Price, Unbeatable Guarantee

In just a few words, would you feel like an absolute fool if you bought a diamond from anyone else but this jeweler? That’s the power of a well-designed USP.

The cost to you if you fail to act…

Do you have a Unique Selling Proposition?

Do you use it in every piece of marketing you create?

Do you have it prominently displayed on your business card?

If you don’t, you’re losing market share, a massive amount of potential revenue and the opportunity to dominate your market.

To take a Test Drive on our system visit http://[www.akris.net

To your success,

Ron Finklestein

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 CLICK HERE 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. CLICK HERE to see for yourself.

 

Sometimes You Can’t go Back (You Think you have Time)

Sometimes You Can’t go Back (You Think you have Time)

I was working for Fred Pryor (training company) teaching a workshop on dealing with difficult people. One of the options (there are several) I suggested was leaving the situation/relationship when you felt it unsafe.

There were almost 100 people in the room and I knew I was going to get some questions about this option. I always did. A lady raised her hand to ask a variation of the question others are thinking and did not have the courage to ask: “How can you ask me to leave my family? Would you do that?”

I told her this story.

When I was 19 I knew I needed to be in college. I did not know why. I build my entire life around achieving this goal. My parents were not wealthy and did not believe in college. After all my father dropped out of school after the fourth grade and my mother dropped out in high school. My father figured I could work three jobs like he did.

I choose a different route.

I worked nights as a janitor (11 PM to 7 AM) at a local high school. I did the locker rooms, cafeteria and the main hall. Needless to say it was not pleasant work. I left work and went to school from 8-3. I would try to catch a nap in the local lounge but I was not always successful. I did this for several months and as you would expect, I was tired. I can home from school one day and my father greeted me in the kitchen with this demand, “It’s time you pay rent.” His demand was reasonable – to him. He wanted me to pay $100 a month to live at home. I was only making $400 a month. I felt it was not reasonable to spend 25% of my income for this privilege. I told him if I pay rent I can’t afford college. He simply said, “Not my problem.” I then asked what would happen if I choose not to pay him rent. He just said, “Leave.”

So I did.

Probably not my best move. Not only was I broke living pay check to pay check, I have no place to live. It made my dream of graduating from college that much more problematic. I saved, I worked, I lived in a ghetto for years and I remember waking up in the middle of the night and knocking roaches of my arm. With the help of others, I was able to eventually graduate.

Never in my wildest imagining did I consider this a lifetime decision. Apparently my father did. Like most things in my family there would be a flare-up and a few days later things would be back to normal. Not this time. He specifically asked that I not come home again for any reason. I hurt his pride (or something.) Money was very important to him. As a result of this rash decision I spend several holidays alone, until I met the special lady who became my wife. That was a very difficult time for me.

Why am I writing this?

Several reasons come to mind. As a business coach who works with clients to achieve top line growth, I hear some of the most personal and intimate details of a persons’ life. Some problems are heart wrenching: divorce, death, drug addiction, aloneness, dementia, lack of self-worth, loneliness and so much more. All reasons why nothing is getting done.

As my clients came to trust me and share their deepest concerns, I noticed they became lighter, more productive and happier after some of more intense discussion. They started focusing on what was important and they started seeing some very good results. I came to realize that I was carrying this around as baggage, ashamed of what happened and not being successful in rebuilding the relationship.

I have nothing to be ashamed of. It is a story of what happened. As with any story there is three side: what I thought happened, what he thought happened and what really happened. I finally took the risk and shared this experience with some close friends. They could not understand what the fuss was about and they did not make any judgments about how I reacted. They accepted me and pointed out the inconsistency in behaviors and beliefs and how they were holding me back. I now experienced the same sense of relief my client felt and things started rock and rolling with my business. Even the coach needs a coach.

Some incorrect beliefs helped drive my decision to leave and what I really learned is that before I could grow my business I had to deal with what was holding me back. The story above was a big building block for me, a true defining moment. I since realized to help my clients achieve their goals we needed to get the other issues out of the way first. These other issues were driving their behaviors.

It is hard to focus on growing a business when your kids are doing drugs or your mother has need for 24×7 care. Sometimes there is no easy solution excerpt giving ourselves permission to acknowledge our anger, shame, insecurities, unworthiness and other feeling that dominate our thoughts and hold us back. Those thoughts of unworthiness hold us back from accomplishing what we want. “Why try, I’ll just blow it (again!)” Once they surface they lose some of their power over you and you can ow make a choice. The choice is simple: Will I continue to let this belief hold me back?

I am working with a very successful businessman. He has a strong need to be right. This works great at work because of the competitive nature of his market. It is also a problem in creating strong personal relationships when the other person always has to be wrong. It’s almost as if his self-worth is dependent on others being wrong. As we work through these issues he is starting to thrive outside of work and his relationships at work are better and as a result he is getting more buy-in and support from his staff. Strangely his business is growing again.

I worked with a plumber who business started growing after we started working together. When business improves I always asked what was done differently to get results. When I asked him this question he is what he said, “I realized I can’t stand my wife. I would rather work than go home.” This created a whole new set of issues we needed to address.

A good friend talked about his drinking problem. Another discussed how he and his wife were only best friends. They hadn’t had sex in over 10 years. Needless to say he was not happy with that part of the relationship. Since then I have heard directly from several people that this situation is not uncommon.

Another successful client was working 80-90 hours a week. He hired me to help him get his life back. He thought if he sold more at a higher price he could spend more time at home. Unfortunately, the more he sold the more he worked. His close rate went from 50 to 80%. Yet he still did not take back his life. We determine this work ethic was the results of only having a 10 grade education. He needed to prove himself. This is an ongoing struggle for him now but he now knows about it and he is taking steps to address this.

I could go on but what I have come to realize is that most business people know what to do, they just won’t/don’t do it. You can try to teach them all the skills in the world and until the underlying beliefs that are holding them back are effective dealt with, it is very hard to make progress. Sometimes the best way (or the only way) is to acknowledge them. Sometimes that is all it takes for them to feel free enough to make a different decision. At times professional help is both needed and useful.

One client is a perfectionist and has trouble implementing because it is never right. Another always did was more than promised because he did not know how to stop – he never wanted to deal with a client’s dissatisfaction with his work. It cost him a lot of money.

Most times we cannot go back and undo or redo the problem that got us here. But we must deal with the problems these beliefs, actions, or behaviors created for us: in relationships, business, financially, emotionally and others areas.

When you understand yourself, think of how effective you will be in understand your customer or your employees. From a marketing perspective you will relate to them like no other marketer. They will know you understand their problems and when they know you understand their problems they will reach out to you as your message responds to them. It is about being authentic. People are tired of marketing messages. They want to know you understand their problems, concerns and expectations.

I ran a business mastermind for many years (sometimes I had 10 different groups going.) In these groups we dealt with marketing issues, sales problems and the resulting personal problems. I sat in a room with business people who cannot stop improving their business, even when the time investment far out weights the expected rewards. They do it because it is fun, provides the feeling of control, it is safe, etc. I spoke to others who were unable to pick up the phone and make a call. Put yourself in your customer’s shoes. Think like they do because more than likely they have the same problems you do.

The process to address these problems are easy but it takes great intestinal fortitude to be honest with yourself and a great deal of trust in people you are using as a sounding board. For many of us we have not trusted that strongly or taken that big of a risk before.

The process is simple. 1. Admit you have a problem – what you are doing is not working. 2. Tell someone you can trust what you think the problems is and what it is doing to you personally and professionally. 3. Get feedback. To get feedback you must be open to feedback. Being defensive shuts people down. 4. Ask them for support in ways that works for both parties. 5. Ask them to hold you accountable to make the necessary changes. 6. Be specific. Be realistic and 7. Don’t make excuses.

There is no need to feel embarrassed, rejected, or weak because we had to ask for help. We have been taught to accept the unacceptable; that being seen as weak, tearful, unworthiness, fear of rejection or the hundred other emotions we are taught not share because they make us feel uncomfortable.

Expect false starts. Think of it as peeling back the layers of an onion – there is another layer to peel back. It is the same in business, whether it is sales, marketing or operations. Think of it as failing forward.

The older I get the more I realize what holds us back in business, life, and our relationships is our own head trash, our belief we are not good enough, rich enough, smart enough or any other not enoughness that you allow to control your life. You can’t go back to the source where the problem started but you can make a choice that you will not let your success be driven by fear or what others think. Remember, you don’t have time. If you choose not to do this work the very beliefs that served you so well when you were younger are the same beliefs that prevent you from achieving your goal now. Fail forward now!

It is hard – hell yes.

Is it worth it – hell yes.

Think of the relationships you will build; the friendships you will forge.

Think of the results you will achieve by becoming the type of person that achieves goals – making you a better father and/or husband (wife and/or mother/son or daughter) to others who are not directly involved.

Think of how good it will feel knowing you trusted someone with such real issues and they did not reject you, criticize or make you feel bad because you are human. You will learn how to respond when people come to you with tough issues.

Think of how your life will be different as you model the behaviors you want others to learn; the congruency in your thoughts with your actions will make living life much easier and less stressful.

The trouble is you think you have time. You don’t. Time is short and you can’t go back. He is my truth. I could not do this myself and I don’t think you can. Start now and make the changes that are necessary.

If you want to learn more on how to market your business differently, check this out http://www.akris.net and let me know how I can help.

To Your Success,

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

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.

 

Do You Have A Website That Makes Your Business Money?

Do You Have A Website That Makes Your Business Money?

Business owners today are spending a fortune to build a company website with all the bells and whistles. They’re operating under the mistaken belief that “more is better.” In reality, nothing could be further from the truth. Websites don’t sell… relationships sell.

Your prospects must feel that they can trust you and that you have their best interests at heart. They want to feel that they’re dealing with “the expert.” Your website should be designed to establish these vital components in order to increase the bottom line for your business.

What you need to know…

Prospects today won’t give you their time willingly. You MUST earn it, and that means you must give your prospects something compelling to make them want to stick around your website so they can see exactly what value you offer them.

Your website must convince your prospects that your product or service offers “extraordinary value.” And it must resonate with them emotionally. Most websites simply state the features of what you sell, and then expect your prospects to buy it. Prospects today want value. You MUST educate them as to why you’re the one business in your industry that provides them with the most value.

The way you accomplish this is to use what we refer to as “The Marketing Equation.” We’ve discussed this in earlier emails. The Marketing Equation consists of 4 major components… Interrupt (hot button based headline), Engage (subheadline that promises a solution to the headline), Educate (body copy that conveys your extraordinary value) and a compelling Offer (a specific call to action).

Why you need to know this…

To consistently attract more clients to your business… and to effectively convert prospects into clients, it’s critical that you develop a compelling website that offers extraordinary value to your prospects and compels them to instantly want to know more information about your product or service. Your website must focus on the benefits and on the value your business provides that your competition doesn’t.

Your website should offer free access to information… information that quickly and clearly articulates what you do and the benefits and value you offer. A free informational report may compel interested prospects to seek you out once they understand the extraordinary value that you… and you alone provide.

The cost to you if you fail to act…

A well-crafted and well-developed website can generate a tremendous number of new leads for your business. Your “offer” is the key to generating these leads. Offer valuable information, free trials of your product or service or whatever else may be important to your prospects.

When you do a little quirk in human behavior sets in. It’s called “reciprocity.” When you give freely and willingly to help others, they feel compelled to return that generosity through reciprocity. The key is to know and understand specifically what it is your prospects truly “want,” and then give it to them. That earns you the right to ask them to do business with you.

Let us know how we can assist you in growing your business and To take a Test Drive on our system visit http://www.akris.net/myguidedtour

To your success,

 

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

p.s. Ask me about my 100% ROI Guarantee

The Three Biggest Lead Generation Mistakes Small Business Owners Make and How to Overcome Them All – Go to: www.akris.net

Follow me on Twitter: www.twitter.com/rfinklestein
Friend me on Facebook: www.facebook.com/ron finklestein
Like us at: www.facebook.com/businessgrowthexperience

Want to attract more leads: www.businessgrowthexperience.com/
Check out my credibility: http://businessgrowthexperience.com/testimonials/

 

 

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
Check out my credibility: http://businessgrowthexperience.com/testimonials/
Follow me on Twitter: twitter.com/rfinklestein
Friend me on Facebook: Facebook.com/ron finklestein
Like us at: Facebook.com/businessgrowthexperience

 

 

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

How to Grow Sales – Tip 1 of 30

How to Grow Sales – Tip 1 of 30

This is the first of 30 tips on how to grow sales and increase revenues. We will do one a week for the next 30 weeks.

The first tip is to understand the six questions your prospects want answered before they buy. These questions were developed and tested as a result of a sales call I had several years ago where I asked the sales representative these three questions:

1. Why do people buy from you?

2. What outcomes do they experience when they buy from you?

3. Who is your ideal client?

He could not answer any of these questions and after the call I realized I could not answer the questions as effectively as I thought I should. I developed the six questions to answer the questions above and to effectively communicate with the prospect the message that is important to them. I then tested these questions for several years with my client. I knew I was on to something as I watched businesses change; some almost overnight.

Included in this post is both the video and a handout that was used while doing a live training program. Please understand that my clients pay a lot of money to go through this process. This is real training; not a marketing message.

The link below is the handout for you to use as you watch the video. It is best to right-click (to download) on the link below and print this out as you watch the training. Please fill out the worksheet as you watch the video and see how your thinking changes about your product, your service and how you communicate with your prospects. This document does require a PDF reader. You can use Adobe or any other reader that opens PDF files.

Here is your handout: six questions audience handout

Below is a 52 minute video of live training program on the Six Questions and how to answer them. At some places the audio is less than perfect but still very understandable.

For those of you who like to read  (versus watching videos) you can go to the Business Growth Experience and download the Six Questions eBook. All you need do is enter your email address and the Six Question report will be emailed to you. It is not a transcript of the video. It has more content about why the Six Questions are important and a process on how to answer the questions.

If this is of value to you I would encourage you to share this post. You business associates and friends will appreciate you for sharing knowledge with them.

They, like you, will grow sales and increase revenues.

How to Grow Sales – Six Questions To Answer

Six Question Your Prospects Wants Answered Before They Buy from You, or stated another way, “Why Won’t People Buy From Me?”

Please share your thoughts.

To Your Success,

Ron Finklestein
info@businessgrowthexperience.com
330-990-0788

Not making your sales numbers?

If you are not achieving the level of success you know you are capable of achieving, take five minutes and go through this sales assessment. There is no charge and I will not ask for your email address. This will give you an indication of what you need to do differently. If after taking this assessment you want to learn more, just send me an email.

Here is the link. http://businessgrowthexperience.com/do-you-need-us/

Business Growth Advisor

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

Gmail Changes – Warning

Google is at it again. These changes have already been made to my account!

Gmail is rolling out new features for their inbox and they’re starting to automatically filter your email messages for you (this also applies if you use Google Apps for your business email address!).

The emails of many of the people I follow are categorized as “Promotions” and automatically making them skip your inbox and putting them in a separate folder (similar to your spam box now).

This means you won’t see any of our awesome emails (or emails from others you follow) in your main inbox unless you adjust your Gmail settings!

Gmail will implement these changes over time so you may not see any changes to your email yet.

But, it won’t be long before your inbox is going to look much different then it does now.

When this happens all you have to do is change one little setting and save your changes.

Here’s what to do:

Click on and drag one of the emails from us to the “Primary” tab. Then make sure you click “Yes” when the alert pops up.

If you want to completely remove these new tabs simply go to the Settings box in the upper right hand corner of your inbox and select “Settings”. Click on the “Inbox” tab and unselect all categories except “Primary” (remember to save your changes!)

And that is it!

Now you won’t miss out on any important emails from others you follow (including us!)

A special thanks to Joe Polish for make me aware of this! This too important not to share.

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

If you are in Northeast Ohio on 8/13 I invite you to join me for a sales lunch an learn. No risk or commitment on your part. Here are the details: http://saleslunchandlearn.eventbrite.com –  seating is limited so be sure to register early. I need to know how much food to bring.

Ways to Increase Sales and Grow Revenues

Marketing Outcomes / How to Grow Sales and Increase Revenues

Every prospect wants to know why they should buy from you. They want to know the outcome they will experience before they want to know how you will create those outcomes. Let’s start with four basic facts …

1.    Every prospect has a problem. This problem creates some negative emotions.

2.    Every product has features: Features are merely objective facts about a product (or the company behind it). In three-dimensional products, features include size, shape, weight, construction, color options and more. You need to be able to tell your prospect the feature of your product or service that will solve the problem. In information products, features include number of pages, size, frequency of publication (for periodicals) and the types of information that are presented.

3.    Fortunately, most features are there for a darned good reason: Prospects don’t want features. They want you to change their lives for the better. Product features are merely the means to that end. That means features can have a place in ad copy – like telling prospects how many issues they’ll get per year … how many big pages are in your book … or that your widget is made from carbon steel for strength or carbon fiber for lightness.

Beyond that, features are a yawn because they’re about the product; not about the prospect. Or, as in the examples above, they can help demonstrate how your product delivers a benefit. The good news is, just about every product fact – every feature – is there to provide a benefit that your prospect IS willing to pay for. Tell your prospect in no uncertain terms the benefits of a particular feature. But we do not want to stop there.

4.    Each benefit has a positive emotional outcome for the buyer. Many time there are more benefits associated with each product feature than are obvious to the average buyer. Each benefit or combination of benefits producing one, two, three or more new benefits you never thought about before. The secret to selling and marketing and most any other revenue generating activity is to identify each and every benefit a product provides – and the emotional outcome your buyer will experience.

5.    Your prospect is buying emotionally first, then they intellectualize & justify the purchase. Connecting the feature, benefits and outcomes makes it very easy for the buying to understand why you are the right and safe choice.

Outcome that sing and soar – in five simple steps

Here’s a little exercise to help you drill down to the outcomes prospects are willing to pay for and then connect those benefits with powerful response-boosting emotions that your prospect already has about those benefits (or the lack of them) in his life.

By the time you’re through, you will have a complete list of company and product features … you will have squeezed every possible benefit out of those features … you will have fully defined the outcomes of those benefits and you will have connected each one to a powerful emotion your prospect has about each one of them.

In short, you’ll have a comprehensive “features/benefits/emotional outcome” inventory you can refer to as you create your marketing message, write your copy, build your sales presentation or create contents for your website.

Going through this exercise can go a long way towards finding new themes and adding power to your sales and marketing.

To begin, create a spreadsheet with these headings:

Problem

Negative Emotional Outcomes of Problem

Feature that Solves the Problem

Tangible Benefits of that Feature

Positive Emotional Outcome Prospect with Experience

Rank

 

Write until all know problems are identified and documented. Document how they feel when they experience this problem. Next write the feature of your product or service that solves the problem and document the benefit of that feature. Finally, describe the positive emotional outcome the buyer will experience.

When complete, rank them in order of importance.

He is an example of what your table should look like.

Problem: Sales have plateaued

Emotional Impact of Problem: So frustrated because no matter what I do, I just can’t figure out how to take the sales to the next level. And I’m always the one having to do the sales

Feature: Learn how to build a sales and marketing system

Benefit of Feature: You can stop being the only “sales guy” and start leveraging your marketing and sales processes so that customers come to you to purchase, instead of you chasing them. You will grow sales!

Emotional Outcome: You’ll feel a great sense of relief … no more anxiety about “where is the next sale going to come from?” and you won’t have to be chasing prospective customers all the time … prospects who are hiding from you.

When you complete this process you will have all the material you need to write a great sales letter, create compelling web copy, and build a powerful sales presentation and some much more.

This process is where increase profits and grow sales begins. You need to understand your prospects better than they understand themselves. When completed, you can tell them exactly what they can expect when they work with you.

If you want a more detailed, step by step process, go to www.businessgrowthexperience.com and download our free report: Six Questions Your Prospects Want Answered before They Buy.

To Your Success,

Ron Finklestein www.businessgrowthexperience.com

Ron@businessgrowthexperience.com 330-990-0788

p.s. Go to www.businessgrowthexperience.net and supply your email address. We will notify you when we launch our membership site that will take you step by step through our sales and marketing system to help you grow sales and increase revenues.

You Just Made me Wrong

You Just Made me Wrong

I was in a meeting a few weeks ago with a business associate and we were talking about what it means to collaborate.

When he finished his long definition, I made the statement that what he said sounds like adaptability and not collaboration.

Here looked at me as said, “You just made me wrong.”

I have been thinking about this meeting and his statement for a while and I asked myself this question: By suggesting a different definition of what he was saying, did I make him wrong? Or did he decide, that by not agreeing with him, he was wrong.

What I realized is this form of miscommunication is what causes problems in all relationships: family, business, friends, etc.

Recently, I wanted to attend an event and I could not make it because of a schedule conflict. I called the creator of the event and express a desire to attend and I was unable because of a schedule conflict. His comment was, “we can’t please everyone.”

What he was really saying is when you do an event it is hard to accommodate all schedules. What I heard was, “you are not that important.” I know this individual and we discussed the implications of that discussion and we both realized we did not communicate effectively.

Do we make others feel wrong, unimportant or insignificant?   Is it our beliefs that make us feel wrong, unimportant or insignificant?

Did the transmitter communicate wrongness or did the receiver translate what was said into wrongness?

This is where the sales process breaks down. We use words and communicate that meaning that both the transmitter and the receiver do not understand to have the same meeting.

I was in a meeting and the individual used the words, “I want to create a community of…”

When I heard the words “community” I think Facebook, LinkedIn, Monster, etc. I then asked what the word community meant and she gave me an entirely different definition. If I did not ask that question I would have taken her down a marketing path that was not what she wanted to achieve.

The real lesson here is ask, don’t assume. Clarify your words and don’t expect the receiver to understand your meaning. If you are the receiver it is ok to ask for clarification.

To Your Personal & Business Growth (because there is not difference)

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

p.s. Please download the free report, The Six Questions Your Prospects Want Answered Before They Buy at Http://www.businessgrowthexperience.com to prefect the message you communicate with prospects, customers, and business associates as a thank you for reading this blog post.

 

Why People do not Trust You!

Why People do not Trust You!

People do not trust you!

Why should they?

There is so much information available and much of it is junk.

How do we get through the unsolicited info?

How to we manage the onslaught of information and determine what is real?

How do we know the info is the most current?

How do we deal with the contradiction?

Unless you can help your prospects and clients answer he above questions they will never trust you.

There are six questions your prospects want answered before they buy from you.

Go here www.businessgrowthexperience.com and download my free report that not only helps you define those six questions, it will help you answer them.

Ron Finklestein

330-990-0788 ron@ businessgrowthexperience.com

Want to learn more call for your free assessment!

Well I hate being sold to!

I have been a big fan of Neuromarketing. Neuromarketing is simply understanding how the brain like to process information and creating a marketing message that resonates with the brain. A business associate of mine, Dennis Andrew, wrote a really good article on how to sell using some simply Neuromarketing techniques. Below is his article unedited. I know you will enjoy this.
If you want to reach Dennis here is contact info: Dennis Andrew, NNOS Studios, 503.877.4880 ~ direct

 

It seems that most of the emails I get are just selling, selling, selling. Well I hate being sold to. When I meet someone I want to know how they think, not if I’m a qualified buyer.

Here’s a bit of info you’ll probably enjoy. It’s on how clients make decisions.

Understand that the “decision-making” part of the brain is like a child, not an adult. It needs to be unlocked, not forced. It doesn’t choose something because it is a logical decision. If it did, everyone’s products would be sold. People make decisions based on emotions and (after the decision is already made) then it mixes with another part of the brain that FINDS (creates) a logical justification.

To unlock it, you must work around the fact that this part of your client’s brain is self-centered. That’s why it is all about them and little about you or your company. This part is always searching for any disruptions and things out of the ordinary. It is also searching for things that are familiar, concrete, recognizable…all tangible input.

Be sure to use contrast like before/after, fast/slow, with/without, and express it visually as much as you can. The optic nerve is some 40x faster than the auditory nerve.

When you engage with them, it is the beginnings and endings that get remembered. Talk about the most important info first and repeat it at the end. Don’t talk about who you are and what you do first.

Since we all have preconceived biases about products/services, it is very important to note that we rate experiences not by the experience as a whole, but by the best/worst moments, and the beginning/ending. What is ugly (or beautiful) here, is that we form our perception of the person/company by the ending of the experience. Don’t end the client experience with a bill.

People don’t remember you by what you tell them, but by how you made them feel. Likewise, they won’t remember your company by what they gave you or got from you, but by how they FELT as a result of that.

Clients’ brains are looking for the gap…what you offer that others don’t. Present these in sets of three. The brain likes “3.”

I ran across a statistic showing that people are willing to pay 4x the price if they know they’re getting twice the value. If the value of your product is unknown, only then does price become the default differentiating factor between you and competition. Price is what they pay, value is what they get.

Don’t sell the features, sell the benefits those features provide.

If you have any question or want to learn the six questions your prospects want answered before they, go to www.businessgrowthexperience.com and download the free report.

If you want to learn more on how to grow your business, give me a call. We specialize in helping business owners grow sales, increase revenues and shorten the sales process.

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

 

Using LinkedIn as a Prospecting Tool to Turn Cold Calls into Warn Calls

Using LinkedIn as a Prospecting Tool to Turn Cold Calls into Warn Calls

Jacci Adams of 3X4 Consulting, a social media consulting company, did a presentation on how to use LinkedIn as a prospecting tool. I was impressed with the simplicity of her approach that I asked her if I could share it. She agreed. Please give Jacci’s website a visit to see more details on what she does.

A special thanks to Jacci for allowing me to share one of her “trade secrets.” In being transparent, Jacci is a client of mine. Because I know her so well, I am confident she can help if you are confused about how to use social media to grow sales through social media lead generation.

I cannot give you LinkedIn training here so I am assuming you are a member of LinkedIn and know how to use the search tool.

  1. Click on the advance search icon in the top right of the LinkedIn home page.
  2. Type in the industry keyword/title for the people you are trying to reach (i.e., Chiropractor, Manufacturer, Realtor, etc.)
  3. Enter the zip code of where you want the search to target and the mileage radius of how far you are willing to go.
  4. You can find any connections you have that meet the search criteria.
  5. For the 3rd connections and beyond LinkedIn provides only the first name and last initial. If you click to see the full name, LinkedIn will ask you to upgrade. Here is where you get creative
  6. Click on the company’s website link (in the search results.) Go to the About Us tab and see if the information you are looking for is there. Many times it is. You can get all the background you need.
  7. Do a Google search on the person’s name
  8. This search will tell you things like where they went to school, businesses they are associated with and how long they have been in business.
  9. Using LinkedIn you can do a search to see if anyone in your network knows them. If so either request an introduction of call them directly and introduce yourself. You already have enough information about the individual to know what you have in common.

If you do not have time or do not what to do this research yourself, you can hire someone through:

www.odesk.com

www.fiverr.com

www.99percent.com

If you know how to use the tools above and you are uncertain about making the call, consider improving your people skills so you are more comfortable. You can learn more www.akris.net.

Happy Prospecting

Ron Finklestein
ron@businessgrowthexperience.com

ww.businessgrowthexperience.com

You can subscribe to my blog at www.ronfinklestein.com

Free Marketing Tip to Bring Hundreds of People into Your Business Each Month

Free Marketing Tip to Bring People into Your Business

I am a member of AmSpirit, a networking and business referral group. We meet at creative source. Creative source does great work and I suggest you check out their website.

My reason for this post is to document Creative Source and how they bring in hundreds of business owner and sales reps into their office each month at no cost to them. Creative Source has a big conference room they allow others to use at no charge. They do not provide coffee or tea. Several networking groups meet there, Toastmasters meets there. I held some sales presentations there before I knew Mike. Mike, one of the owners, feels this is a good way to give back to the community.

By giving back to the community, he has hundreds of business people come to his place of business each month. Each business owner who walks through the doors each week sees his work, reinforcing his brand. He provides a table for others to place their brochures. He is not afraid of competition and some competitor belongs to the groups who meet there. He does all this and it cost him nothing. I am so impressed with his tactics that I writing a blog about his approach.

He is not a client. I am not his client. I just see his approach as a risk free way to attract hundreds of people to his business each  month. I do not know how much business he gets, nor does it matter to him. His primary reason is to give back to the community. The visibility and support he gives the community is amazing.

If you can, try this. It cost nothing. I taught this tactic to a restaurant client of mine and he has groups meeting at his restaurant regularly. He visits various groups and invites them to use his spare room at no charge. They pay for coffee, breakfast or lunch, and his repeat business has sky rocketed.

To Your Business Success,

Ron Finklestein
330-990-0788
ron@businessgrowthexperience.com
www.businessgrowthexperience.com
Improve your people skills and grow sales: www.akris.net

 

How to Price a Product

Your pricing formula (or pricing a product or service)

I recently received a request from one of my blog readers to do an article on pricing your product. He sent me some great articles he found on the net. After reading them I realized he may have been over thinking the pricing issues. To me it is fairly simple. There are only three outcomes to consider:

  1. Your product is priced too high and no action is taken (the competition is complacency.)
  2. Your product is priced too high and it invites the buyer to buy from someone else (I need to make sure I am getting the best VALUE.)
  3. You price your product to low and you introduce concern from the buyer because he wonders what is being missed (lack of trust.)

Pricing your product can be simple if you let it but you must price it from the buyer’s perspective. As a business owner you need to know both your fixed and variable cost and ensure you cover those cost while remembering the buyer is not concerned with your cost. They simply don’t care.

From my perspective, here is what you need to be concerned about. What does your competition charge? This is important if the consumer has a preconceived notion of the value of the product. For example, if I go to a paint store and see a gallon on paint is priced at $50, I might go to another store to see if I can get the same quality (different brand) for a better price. I may have a belief that I am not going to pay more than $30 for a gallon of paint (or $20K for a car, or $3 for loaf of bread, or $1 for a pen, etc.)

The bigger issue for me is the value proposition. I believe people will pay to solve a problem and in many respects they will pay a premium if they believe you are the right and safe choice. Making the buyer understand that you are the right and safe choice is both hard and critical. Understand this is not a universal construct. For example, if I have $1 to spend for pen it may not matter if it is a BIC or another brand as long as it fits my budget. If I have a Rolls Royce for sale and my buying audience cannot afford a Rolls (or do not want it) then price it does not matter.

The hard work is the unique value proposition, helping other to understand your value, where and how to market your product and knowing how the problem you solve will allow you to charge more.

Pricing the product is in fact telling a story about the product. For example, why would I pay $50 for a gallon of paint when I can a similar product for 40% less? If price is not an issue, you can focus on the parts of the products story that are important to a client. The higher price for the paint can be told in a story: it is safer (less smell), easier to clean (important to a busy mother because it save time), last longer (don’t have to do it as often), provide a better finish (looks better), or is easier to apply (saves time.)  If those concepts are not important to your audience, you have a different kind of problem.

Sometimes price is not a consideration. If you are selling to high net worth individuals, they are buying prestige and convenience. The price is secondary. If I am buying a gallon of paint, price is primary.

Finally, pricing is impacted by the demographics of the audience. It is harder to sell your product using “pain” as the value proposition when selling to an older audience because their life experience tells them that “been there done that. This too shall pass.” Pain works better on younger people who have a need for more immediate gratification.

Bottom line is that pricing is an effective marriage between cost to produce, what people will pay, and the story that motivates them to buy.

 

To Your Success,

Ron Finklestein
www.BusinessGrowthexperience.com

ron@businessgrowthexperience.com

330-990-0788

 

Did anyone tell you something like this? Or How to ask for a referral!

Did anyone tell you something like this? Or How to ask for a referral!

I met with a client on Friday and he gave me this feedback:

“You helped me grow sales (2.7 to 7 new clients each month), you provided objective feedback on my ideas to provide clarity, you challenged my thinking in new and different ways so I make better decisions and everyone needs what you do. How do I tell them that?”

The more I thought about his question the more I realized that people need to experience what I do. When the process is experienced they can then make an intelligent decision to see if I can add value.

What prompted his comment? I run a group coaching process called The Business Growth Experience and as part of the process we share both good news and problems we need some help with. My good news was that I picked up three new clients as a result of referrals. My dilemma, how can I get more referrals?

Here is what they suggested. Call each of your client (who are happy with your work) and ask them to bring one of their client who they think can use your service to a lunch (I Pay) for an introduction.

What a powerful idea.

I knew about this process and simply forgot about it. So today I am going to do just that. I am going to call my clients and referral partners and ask them to introduce me to one of their client (over a lunch).

Since you read this far, send me an email and I will provide you a 30 minute free coaching session if are the first 10 reads who responds to this email. Consider this my Christmas gift to you. Send the email to ron@businessgrowthexperience.com with the subject line “Free Coaching.” In the email please provide a short description of what you want to discuss so I can prepare. Also, your time zone is important. I will then send you a link to schedule your coaching session. Please note you must use this email address and subject line or I will not see the message. This offer expires 12/15/11 so please act quickly. This offer is available to anyone.  My strengths are working with owners of small businesses to help them grow sales, increase revenues and influence others.

May your self-talk always be positive, your life meaningful, and your thoughts happy.

Ron Finklestein
www.akris.net
330-990-0788

 

 

 

Why Relationship Skills Matter

Why Relationship Skills Matter.

We all belong to the human race. It is a simple sentence and a statement of fact. There are many assumptions made in that statement. One of the primary assumptions is we belong to the human race. Because of our membership in this august society, we know how to build safe, effective, successful and lasting personal and business relationships that allow all parties involved to grow, prosper and get results.

I am not sure this is a valid assumption.

Why? Though we have much in common, many of us have not been taught know how to build rapport, connect with others, understand the best way to support others and know how to ask them to support us. This is evident by the divorce rate; as many as 50% of marriages end in a divorce (Source divorcerate.org.) What is interesting to me is that the divorce rate drops the older we get. For example the divorce rate is 38.8% for American males age 20-24 versus 6.5% for American males age 35-39. It would seem the old men get the more they understand relationship strategies.

The question is how can we shorten that learning curve?

In business, according to Grant Thornton, 97% of all business owners want to strengthen the customer relationship.

SCORE suggests that 64% of all small businesses fail because they do not know how nor do they understand the value of marketing. Marketing is nothing more than a process through which companies build strong customer relationships. Can you imagine how simple life can become when you understand this and implement relationship strategies in your business?

I could go on but you get my drift.

To address this problem, I teamed up with Dr. Tony Alessandra, one of the world’s foremost relationships strategies experts, to create a web site that teaches you how to build safe, effective, successful and lasting personal and business relationships. The web site is called People Smarts. In this site we address relationship strategy issues, presentations skills, collaborative selling skills, marketing, personal growth and development, how to treat people the way they want to be treated and a host of other important and powerful topics that, when applied, will help you create more effective relationships to get the results you want and need. The site contains a full array of videos, eBooks, PDFs and MP3 to support you in your personal, sales, business and leadership development needs.

We invite you to explore and try out this site. In lesson one (which you have access) you will learn the different between the Golden Rule vs. Platinum Rule and experience the overview of all functions of relationship strategies. In addition, you will receive an introduction of the two dimensions of behavior. In this lesson, you will be presented with a very simple model that has been validated with hundreds of thousands of people.  It is a powerful guide you can use to improve communication and morale, build better work groups, and develop better relationships with co-workers, supervisors, customers, vendors and others.

I invite you to give People Smarts a try. To learn more go to www.akris.net. If you have questions please feel free to call Ron Finklestein at 330-990-0788 or email him at ron@akris.net. This powerful tool can also be used in you place of business for all your employees. If you would like more details about this opportunity ask Ron and he will provide the details.

Ron Finklestein

www.peoplesmarts.ws
admin@peoplesmarts.ws

330-990-0788

How do we communicate our message?

How do we communicate our message?
Most people think it is through the spoken word. That is partly true. There are three components to effective communication. The words we use only account for 7 % of any message. For an effective communication to take place, of course, we need all three parts of the message and they must be congruent and consistent with each other. If there isn’t any congruency, the receiver will be confused and will have a tendency to accept the predominant form of communication rather than the literal meaning or words.
The second part of the message where meaning is implied is the emphasis and tone of our voice. This is 36% of the meaning of our communications. The emphasis and tone have the power to completely change the message that is being communicated. Often, you will say something to a person and they may become offended. When you express that the words you used were intended to be inoffensive, the other person will tell you that it was your tone of voice that was the issue.
The last component of our message is our body language. A whopping 57% of the meaning is convey through body language. You can dramatically increase the effect of your communication by leaning toward the speaker or shifting your weight forward onto the balls of your feet. If you can face the person directly and give them direct eye contact, combined with fully focused attention, you double the impact of what you’re saying.
If you want to learn more about effective communication please check out http://www.akris.net. Here we teach effective communication strategies to help you build better relationships, increase sales, become better leaders and help you grow personally and professionally.
To Creating Better Relationships
Ron Finklestein,
330-990-0788
ron@businessgrowthexperience

The New Marketing Strategy Guaranteed to Work

The New Marketing Strategy Guaranteed to Work

Marketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development.

Marketing is designed to persuade you to take a specific action (call now, space is limited), or not do something (don’t throw that away, recycle it).

People have become cynical. Marketing has become so sophisticated that people feel tricked into doing something only to find the product or service did not perform as stated or expected. We are inundated with thousands of marketing message daily from people trying to part us from our time, energy and money.

What’s a marketer (business owner) to do? I have new and powerful marketing technique that is guaranteed to work. What is it you ask?

It is quite powerful. You simply market your products and services with Integrity. Integrity is defined as adherence to moral and ethical principles; soundness of moral character; honesty.”

Wouldn’t it be great when we encountered someone selling a product or service that interested us that we felt we could trust the person or company? That we could have an open dialog; that the message was to be consistent and had integrity. The honesty was there.

There are six questions your prospects wants answered before they buy. You can download the report at http://www.aboutbusinesssuccess.com. This report will help you communicate your message with honesty and integrity.

This message was prompted by a bad experience I had will my bank. I should say my old bank – I just left them. Here is what happened. I received my home equity line statement from my bank and the bank demanded the loan be paid in full. We are not talking about a small about of money. I called customer service to see what was going on. I was told my house was in the collections and foreclosure process, I could do nothing to stop it, and no one I could call. The process must run its course. They told me I was late 30 times (BTW, I was never late.) When I suggested they made an error, I was told I was lying.

I spent hundreds of hours trying to solve this (as a small business owner this time away from my business was quite painful) finding the right people to talk too, feeling really stressed out and helpless because of the stress it put on my family, only to find out they made a mistake. My house was not in foreclosure, it was not in collections, and all was fine.  I did not get so much as a letter of apology. I think they were afraid I would sue. Don’t worry, I am not that kind of person. The letter I did get, saying my credit was not damaged,  did not have a signature. The collection letters I received that had a phone number would not return my calls. I was even told they called me and I know they did not because I have just one phone I use for all call and the call log does not lie.

While I am going through all this I see the banks’ commercials on TV about how easy this bank is to work with, how much they care about their customers and how responsive they are to their customers’ needs. I was quite angry that there was a total and complete disconnect between their message and their actions. At this time, I should point out that I had been with this bank over 30 years. I am in process of changing banks. I paid off the loan in questions, and I am creating an arm’s length relationship with my new bank.

Contrast that with the city where I now live. They put in a new sanitation line on my property that caused all kinds of water  problems in my yard. It has been a slow process but they are taking ownership and fixing the problem at their expense and the investment they are making is not insignificant.

Problems will happen. It is how you handle the problem that is important. Which organization was more in integrity with their customers? Is your message congruent with your organization’s action?  Do you deliver what you say you will deliver? Is your marketing message consistent with your company’s actions? All people want is to be treated fairly and honestly. Do you allow people in your organization to do that?

Do you handle your customer problem with integrity? Do you handle your sales with integrity? Do you live your life with integrity? Do you market with Integrity? Are you seeing a theme here? Being in Integrity is all that you do and be? The true disconnect is when your actions are not consistent with your words.

Ron Finklestein

Http://www.businessgrowthexperience.com
ron@akris.net
330-990-0788

Last updated by at .