Showing posts with label sales. Show all posts
Showing posts with label sales. Show all posts

Tuesday, August 9, 2011

No, Please No..



Almost 3 years ago I started subscribing to job alerts from Monster.com, even though I was not actively looking, 2008 was a year anything could happen.

Working in the sales world however, as long as I brought in more than it cost to keep me, I was fine.

Anyway, I still get regular job alerts from Monster since I:

  • Haven't figured out how to make them stop...
  • I have friends who are looking for jobs
This was from a recent email:



Please...please...please...please...Please...PLEASE

Don't hire Hot Shot's.

They give a bad name to all sales people, even the good ones who put their clients needs first.

The term Hot Shot makes me think of this guy: Click here.

Hire professionals, but beware of Hot Shots.

The words of Scott Howard aka ScLoHo

Tuesday, June 21, 2011

The 80/20 Rule


If you are not familiar with the 80/20 rule, it goes like this:

80% of your business comes from 20% of your customers.

or

80% of your business comes from 20% of your sales staff.

Go ahead and examine those figures in your business and see if it holds true.

Let's say you have 10 sales people and 2 of them are doing all the heavy lifting, 2 are paying their own way, but the other 6 are not.

How long are you going to keep those bottom 6?

Do they truly have the potential to pay their own way and become one of your top dogs?

Are you hanging on to them because you feel you need the "feet on the street" even though they aren't cutting it?

And why aren't they cutting it?

Is it a lack of training? A lack of ____________ that can be fixed?

Or is it time to trim the fat and become leaner?

Before you get rid of those that are struggling due to your lack of ____________, make sure you do an honest evaluation.

Then if you need to cut them loose, do it.

It will help you in the long run.

The group of radio stations I worked for recently did this a few years ago. We went from 25 to 6 on our sales staff.

The result was we reversed the 80/20 rule and then slowly added 1 new salesperson at a time.

Do you have the courage to make the hard choices?

Tuesday, June 14, 2011

Too Easy or Too Lazy?


Or just afraid?

This is about sales.


On May 12th I received the following email:

Hello Mr. Howard,

My name is Name ReMoved, and I’m with the Name Removed Ham Company of Ft. Wayne. I was writing because I realize that there are times during the year, where you may need to order lunches. If that’s the case, would it be okay for us to email over some information regarding our program?

We have a wonderful catering program with boxed lunches, buffets, platters and more. Our ham is our classic sandwich option, but we also have a variety of other great sandwiches, including turkey, roast beef, chicken salad, vegetarian options as well as some amazing specialty sandwiches. Chips or Deli-Sides come with every meal, and we also have amazing dessert choices as well.

We can deliver it right to your door, and always provide complimentary set up. We’d love the opportunity to work with you, if we can.

Have a great weekend, and please let me know if I can be of any assistance. Oh, and please keep us in mind for those end of year Gift ideas.


A month has passed.

I have not contacted him, he did leave me his email, phone number, cell number and fax number.

I have never met him and I doubt that I will.

If his only method of reaching out to me to get me to do business with him is one long email, we both loose.

Because as I re-read his email, the food sounds good, but the only reason I read it more than once is because I knew that this would make a good lesson for all of us.

And that Lesson?

Follow up.

Make a phone call.

Send another email.

Contact them on Social Media.

Do what it takes to get a yes or no.

It's too easy to hide behind an email campaign, if you were to call this one, which it really isn't, since it is just one email and nothing else.

Or is it just being lazy?

Don't let fear hold you back, and don't be lazy and only do the easy stuff.

Tuesday, April 19, 2011

Early Adopters & Late Bloomers


Changes are occurring faster and faster.

I'm sure my parents and even grandparents felt the same way in their lifetimes.

With the speed of technology improvements, it seems that what was last months new thing, is already outdated.

And there is no sign that any of this shows any sign of slowing down.

So how do you ride the wave of the next new thing?

Understand that the Early Adopters are always going to be looking for the next new thing. These people will not make you rich, but if they have influence, they can help push your new thing to Mainstream.

Once the new thing becomes Mainstream, the Early Adopters may or may not stick around, since they are always on the look out for the next new thing.

But Mainstream is where the money is at. If there is money to be made by your thing, this will be the time. If your thing becomes really popular, you will face competitors, more than you can imagine.

What about the Late Bloomers? Typically these are the hardest to convince. Usually no amount of advertising will ever move them to spend their money with you. Word of mouth and peer pressure along with a low price is what gets them to become your customer.


Once you understand this business cycle, you can create a focus, a strategy, and the tactics to make it work, and worry less about trying to please everyone, all the time.

Tuesday, March 29, 2011

Questions that need Answers & Ideas


If your best customer was also your best friend, what would you be doing differently in your interactions with them?

If your best friend was also your best customer, what would you be doing differently in your interaction with them?

If you treated all of your new customers the way you treat your best customers, what would you need to do differently?

If you treated all of your current customers the way you treat new customers, what would you do differently?

Take a moment and answer those 4 questions.

Write those answers and ideas down.

Only you know the real answers.

Now I have one more question.

If you implemented the changes and ideas you just wrote down, would your business be more successful and your future more secure?

Tuesday, March 15, 2011

7 Secrets

(This is an updated repost from about 15 months ago.)

For nearly 8 years, I have worked for a group of radio stations in Fort Wayne, Indiana known collectively as Summit City Radio. (Click on the logos to go to each stations website.)

This was not my first experience in Sales or in Radio.

My radio career began in 1976 at the age of 16, and ten years later I began a career in radio advertising sales and marketing.

The 7 Secrets are neither original, nor secret.

However, I have seen so many people in the sales world either fail, burn out, or never establish their full potential because they either didn't know or didn't follow these 7 Sales Secrets.

So, let's get started:

1. People don't want to buy what you are trying to sell them. They want to buy a solution to their problem/need/want. The classic example is people don't buy a drill because of the shiny black handle. They buy a drill because they need to create a hole.

2. Price is not important. Value is all that matters. While there are limits to what someone is willing or able to spend, if your customer sees no value in what you are offering, there is no price cheap enough to overcome a lack of value.

3. Objections can lead to a yes. An easy "yes" means you either know your client very well, or you're just being an order taker. I know it sounds harsh, but objections are conversation starters, and these conversations can lead to customizing a solution to their problem/need/want. Which leads us to...

4. You have to listen and learn, more than smile and sell. I do my homework and am prepared with research about my customers and their business. I also look at their competition and we talk about them. We talk about their goals for the future, their past history, what they have done that was successful and what didn't work too. Too often salespeople are only focused on what they have to sell instead of seeing how they can help their customers.

5. Your customer knows more than you give them credit for. We live in an information age with easy access via the internet. Your customer has done their research. However...

6. Your customer knows less than they think they do. Just because the information is available, doesn't mean they know how to use interpret it and use it to their advantage. That's where you come in as the expert. Which means that you better know your stuff inside and out. You are personally responsible for your own education, not your boss. Be your very best.

7. Relationships are forever. Apply the Golden Rule. Treat others with the same honesty and respect that you would like to be treated with. Keep relationships alive with your customers, potential customers and even those that may never become your customers. After a few years at my current group of radio stations, I had developed relationships that began paying off in ways I would have never imagined.

That's it. A half dozen plus one Sales Secrets, that shouldn't be secret. Your comments are always welcome.

Tuesday, January 25, 2011

Business Cycles?


In my radio station life, we have ups and downs that are predictable, as far as advertising revenue is concerned.

Most businesses have cycles that are predictable but what it the reason for those ups and downs?

Is the pattern breakable?

Is it worth trying?

Granted, some businesses like the slow months, that's when they take 3 day weekends, or vacations, but what if you could increase the revenue during those slow times?

Restaurants are typically slower on Monday and Tuesday and pick up as they get closer to the weekends and paydays. Is there something different you can create that your customers and clients will pay you for during the slow times?

By the way, I believe the reason that advertising sales is slower in the 1st quarter is due to the activities of the advertising sales people, not the businesses we serve. We are often so busy in October and November taking care of the December rush, that our prospecting falls off and we start the new year from scratch.

This year for me is different than 2010. Yes there was a drop in January, but it only took 3 weeks instead of 9 to be back up to speed.

Your thoughts are always welcome..

Tuesday, October 19, 2010

The Wrong Way


to do email marketing.

It's called spray & pray.

It's why the "Direct Mail" piece that arrives in my mailbox delivered by the U.S.P.S. is commonly called "Junk Mail" by consumers.

Last month I received the following email in my inbox:

Dear Sir/Madam,

My name is Holly DeSouza, and I am the Vice President of Sales & Marketing at Behave Media, Inc.

We are a digital media company specializing in behavioral advertising, search marketing and consumer panel research. We help develop, plan and execute profitable campaigns for Fortune 500 companies by utilizing real-time consumer data with our innovative targeting capabilities. Our clients have seen an increase of 7%-35% in their ROI by utilizing our knowledge and expertise online.

If you would like to discuss how our services can benefit your organization, please feel free to contact me at any time.

Best Regards,

Holly DeSouza
VP, Sales & Marketing
Behave Media, Inc
73 Lexington St.
Boston, MA 02464
P: 800.270.0442

http://behavemedia.com


Usually, I would simply delete this. But I thought I would use this as a lesson instead.

The first question that popped in to my mind is, "why didn't my spam filter catch this?" I get an average of 11 spam emails an hour 24/7 that are caught automatically. (Thanks Gmail!)

Then I remembered that Holly got my email from their mailing list since I actually registered at one time to receive emails from her company.

In case you're still wondering what is wrong with this email, think for a moment. She also has access to my name, and it's not Sir/Madam. It's Scott Howard.

Any decent email marketing program can insert a persons name automatically.

She losses credibility and diminishes her company reputation from this one glaring mistake.

Then the rest is just a bunch of crap. Sorry if this is the way you were told to sell yourself, but you've already proved that you are just fishing for a bite or two, or Spraying the in-boxes with your half-hearted attempt and Praying someone will respond to what you wrote.

Better to send out 10 personalized and targeted emails each day or each week, then to send out a few hundred like this one and lose your chance to ever work with the people who received this poorly written email.

But the problem is not entirely Holly's.

I decided to call the number.

I got an automated attendant that told me, among other things, that if I knew the extension of the person I was calling I could enter it and get connected.

Holly didn't include an extension in her email, so I had to wait a full 40 seconds to be told to press zero for the operator.

I pressed zero. Sappy on hold music came on the line followed by the automated attendant telling me that they were too busy to take my call, please leave my name and number and someone will get back to me.

Total time wasted on the phone: 90 seconds.

This company needs help. If you can reach them. If you see yourself or your company making any of these same mistakes, stop it or go out of business.

As always, your comments are welcome.

Tuesday, October 5, 2010

The Simple Side of Selling


This week, I'll share a couple of excerpts from two conversations I had last month.

The first was an impromptu meeting with a gentleman I met last year when I did a presentation on Social Media & Marketing called Join the Conversation.

Besides a few blogs that I update, I am most active on Twitter, followed by LinkedIn and Facebook.

I also use FourSquare, at times, which allows you to check in at various locations and see where your friends have checked in too.

Anyway, I checked in on FourSquare and sent it out on Twitter that I was going to be at one of my local coffee shops for the next couple of hours. After awhile, I hear a voice and it's someone that I haven't seen in nearly a year and he left his office to find me and ask for advice.

He wanted to convince his bosses and co-workers that they need to be on social media sites in order to be ahead of their competitors. He works in the B-2-B world.

To summarize, I showed him what I had done and shared some of his frustrations with trying to get some of my radio station colleagues to jump on the social media train with lack luster results.

The problem with trying to convince someone who doesn't want to do something, to do something is it's just too hard.

And that's okay.

Which brings me to the other conversation I had a few days later on Twitter where someone had been having the same struggle of trying to convince co-workers on the value of social media.

And it hit me, don't worry about it. here's what I wrote:

@allen_ts Some people will get it now, others later, some never. Focus on helping those that want help & show the others your successes.

This really applies to all sales situations.
You can't get everyone to agree with you.
You can't get everyone to buy from you.

Focus on those that want you & that you can help.

It's that simple.

Tuesday, July 6, 2010

Sales Basics: Attitude


The easy ones sometimes aren't.

Unless you are prepared and know what you are doing.

Around the group of radio stations I work with, I am the fix-it person. About four years ago when I moved into management, I took over our Hip-Hop Station and increased sales to hit our budget within 4 months.

Then I took over the sales management of a different station with the same result... 4 months later, it was on budget.

April of this year, we launched a new station and by June, it was on budget. Now I've been assigned a different station and by September or October it will be exceeding its budget too.

The station I'm focused on improving now just launched a morning talk show 3 weeks ago. A well known afternoon talk show host from another station in town became available and after doing research, we brought him on board.

He had a list of about 40 local businesses that he used to do testimonial commercials for and they were our first target for increasing revenues. Yesterday I met with another one on the list and it was fun. Not easy, but fun.

For the past eight years, this local business owner would never agree to meet. The door opener was the talk show host we hired.

When I was ushered into his office, he introduced me to his marketing team, one of whom I've known for about 3 years. It was clear that the final decision was going to be the owners, but he wanted input from his team.

I brought with me, a few papers, one with the price for advertising, and a blank contract along with a credit application. I've renamed it a terms agreement because it sounds friendlier.

The conversation was back and forth, like a real conversation. I involved everyone in the room, and they basically sold themselves on what I was offering them.

But I've seen others who were put in similar situations, who would have blown it. They talk too much about themselves, or why they are better than others. They give unnecessary price discounts, they appear nervous, pushy, and they project zero confidence.

I did the opposite. I even gave them an idea on how to get better results with the radio station they were still on.

Sales shouldn't be a battle, or a game of trickery. Successful sales people know that their mission is to help solve their customers problems. And when you do it with the right attitude it can pay pretty well too.

Wednesday, June 30, 2010

Stop Selling and Life will be Better


It's easy to sell stuff to people who want to buy it.

But it's nearly impossible to sell stuff to people who don't want to buy it.

I've been considering upgrading my phone to a smart phone for awhile. But the price had to be right.

This month my step-daughter told me her fiance was buying her an iPhone for her birthday and he was adding her to his cellphone plan. Her birthday is at the end of July, but the new iPhone was coming out this week.

So Tuesday I visited my usual cellphone store, an authorized Verizon retailer, to check out my options for a new phone for me and what the cost savings where going to be with one less phone on our plan.

It wasn't a good experience. The store was understaffed, and the guy had to call Verizon customer service to get answers. The answers were vague and I decided it was time for me to shop around.

7am Wednesday my phone rings and it's my step-daughter asking for account info because she is in the process of transferring her number to AT &T at that moment. By 8am, the deal was done and I was now in the market for my own smartphone.

Later in the day, I went to an official Verizon Wireless store and found out how to save money, get a Droid and start learning how to use the apps.

The guy that I talked to Tuesday night was incompetent in my eyes. He could have sold me a $200 phone this week, but due to his inability to help me buy, he lost the sale.

The folks that I bought the phone from really didn't have to sell me, they just had to help me buy.

How much better could your life become if you helped buyers buy instead of always trying to sell?

Tuesday, February 23, 2010

Pleasing Everybody


Every once in awhile, I come across a business owner and the conversation begins with this:

Me, "So, who are your customers?"

Them, "Everyone."

To which I mutter under my breath, "Uh, Oh".

Please, Please, Please understand that you can't get everyone to your store, shop, or website.

And don't fool yourself into thinking that you need to reach everyone with your marketing efforts either.

A couple of the biggest companies, Walmart & McDonalds do not do business with everyone.

When Walmart comes to a new town, the natives used to tremble in their boots, thinking they would soon be out of business because Walmart would beat them up on price.

Yes, you can get a giant jar of pickles for a couple of bucks, but not everyone cares about price over value.

And just as there are some people who never set foot in a Walmart, there are some people who have never tasted a McDonalds french fry.

Focus on what you do best.

Focus on what you can offer that others can't or won't.

It's not the lowest price.

And the lowest price won't please everybody anyway.

Monday, February 8, 2010

It's Not All About the Fans


Over the past few months, I've had a few people ask me how to set up a Fan page on Facebook.

I've told them to figure it out themselves.

And I ask them why they want a Fan page on Facebook.

I also ask them what are they doing to generate money, to create new customers, to retain current customers, to set themselves apart from their competitors.

Why don't I tell them how to do it? Because if they are going to use Facebook as part of their marketing, they need to learn the basics of Facebook. It's not that hard.

But there is another reason.

A Fan page on Facebook means nothing to the survival of your business. It's too easy to be a fan. I get an invitation and I click yes. I never have to spend any money to be a fan. I, as a consumer have no investment in your Fan page.

If you want to create a Fan page on Facebook, go ahead and do it. But don't fool yourself into thinking that because you have 500 fans, that equals $5000 dollars, or whatever the dollar amount you think you can assign to a fan.

Sunday was Superbowl Sunday and for the 2nd time the Indianapolis Colts were in the big game.

Living in Indiana, everywhere you went, you saw Colts Football Fever. Royal Blue with horseshoes was the official color and logo worn by MILLIONS of Fans. I'm sure the same was true for fans of the New Orleans Saints.

But, no matter how enthused, how passionate, how crazy the fans are, it's up to the players to win or lose. It's how you react to surprises, how quickly you respond to things going wrong, and taking advantage of opportunities when they open up.

That's why both the Colts and Saints made it to the Superbowl in 2010. It wasn't the fans, it was the team. And in the final game between the two, the same was true.

Make sure your team is the best they can be, and then you'll generate fans, the real kind that keep you in business.

And if you want a Facebook Fan page, Click here for a few tips.

Tuesday, January 26, 2010

How to Manage your Time & Increase Sales


Today, I'm sharing with you a formula I've given the sales staff at the radio stations I work with.

If you are not in sales, you may stop reading and go play on Facebook.

(Yeah, I'm being sarcastic, because no matter what your title is in your company, you are a representative of your company and thus you are part of the marketing and as such are an influence in the companies reputation and ultimately sales.)

In the radio business, nearly any business could benefit from a radio advertising campaign that is handled properly. Radio advertising is an inexpensive way to reach lots of people and you can pick and choose both the message of the ad, and the audience. The formula for success is easy to determine.

In my 7 years with this group of stations, we have never had a problem with the radio programming side of the business. The area that we have difficulty is in generating revenue which is done by the sales department.

Some say sales is a numbers game. Which is true. The numbers I use are: 50, 30, 15, 10.

The first step is to have a list of prospective clients.

I have a list of 50 with me at all times. This is called filling the funnel. The purpose is to either kick them out of the funnel, or convert them into a paying, advertising partner= a client.

Once I have someone on that list, I have 30 days to start the process of moving them thru the funnel. If they don't have the money, can't find the money, or are not willing to sit down and discuss how I can help them grow; they get kicked off the list and I add someone else.

If they don't become a client in 30 days, but I see potential, then I may keep them on the list for another 30 days. But during the second 30 days, we have to be moving forward in the process.

At the end of the second 30 days, they are off my list because they are either a paying client, or the process has stopped and I need to move on. There are a few exceptions, between 10 and 15 that I will keep on my list for another 30 days, because we are moving forward, but I will not allow a business to stay on my list for more than a total of 90 days (3 x 30).

The next two numbers are face to face appointments. I want to schedule 15 face to face meetings per week with businesses on my list of 50. I expect 10 of those meetings to come to fruition each week.

By having this simple set of numbers as a way to organize my time, I am never at a loss for something to do that will result in increased sales.

As you look at your workload and the requirements of your work, what numbers will work for you?

Monday, November 30, 2009

7 Sales Secrets


For nearly 7 years, I have worked for a group of radio stations in Fort Wayne, Indiana known collectively as Summit City Radio. (Click on the logos to go to each stations website.)

This was not my first experience in Sales or in Radio.

My radio career began in 1976 at the age of 16, and ten years later I began a career in radio advertising sales and marketing.

The 7 Secrets are neither original, nor secret.

However, I have seen so many people in the sales world either fail, burn out, or never establish their full potential because they either didn't know or didn't follow these 7 Sales Secrets.

So, let's get started:

1. People don't want to buy what you are trying to sell them. They want to buy a solution to their problem/need/want. The classic example is people don't buy a drill because of the shiny black handle. They buy a drill because they need to create a hole.

2. Price is not important. Value is all that matters. While there are limits to what someone is willing or able to spend, if your customer sees no value in what you are offering, there is no price cheap enough to overcome a lack of value.

3. Objections can lead to a yes. An easy "yes" means you either know your client very well, or you're just being an order taker. I know it sounds harsh, but objections are conversation starters, and these conversations can lead to customizing a solution to their problem/need/want. Which leads us to...

4. You have to listen and learn, more than smile and sell. I do my homework and am prepared with research about my customers and their business. I also look at their competition and we talk about them. We talk about their goals for the future, their past history, what they have done that was successful and what didn't work too. Too often salespeople are only focused on what they have to sell instead of seeing how they can help their customers.

5. Your customer knows more than you give them credit for. We live in an information age with easy access via the internet. Your customer has done their research. However...

6. Your customer knows less than they think they do. Just because the information is available, doesn't mean they know how to use interpret it and use it to their advantage. That's where you come in as the expert. Which means that you better know your stuff inside and out. You are personally responsible for your own education, not your boss. Be your very best.

7. Relationships are forever. Apply the Golden Rule. Treat others with the same honesty and respect that you would like to be treated with. Keep relationships alive with your customers, potential customers and even those that may never become your customers. After a few years at my current group of radio stations, I had developed relationships that began paying off in ways I would have never imagined.

That's it. A half dozen plus one Sales Secrets, that shouldn't be secret. Your comments are always welcome.

Tuesday, November 10, 2009

Selling over the Phone

I wrote this article in June, 2008.

In the past year, more salespeople have entered the workforce and I have some words of wisdom for them:


Moments ago I hung up on a caller.

My cell phone rang, I looked at the caller ID and it said UNAVAILABLE.

Usually I would let it go to voicemail as a call screening measure.

But today I was curious.

I opened the phone and said, "Hello?"

(My usual, automatic way of answering is , "Hi, this is Scott, how can I help you?")

I didn't want to give my mystery caller the advantage of my name yet.

They asked for the Sales Manager or Human Resources Manager.

I asked why.

They said they had an offer for the appropriate manager and wanted to make sure they spoke to the right person.

I said I was the person they wanted to talk to.

Then the guy on the phone launched into a sales pitch.

Ten seconds into his pitch I hung up on him.

He has not called me back.

If your job is to make unsolicited phone calls to sell something over the phone to someone you don't know, then get a different job. This is like telephone spam, and it got so bad that a few years ago we enacted Do Not Call List laws.

But I need to use my phone as part of the selling process, you say. I know, I do too.

So here's a couple tips.

Avoid Selling Over The Phone. I don't want a sales pitch and I'm not giving you my credit card number. Most likely I will simply hang up on you.

Instead, use your phone to schedule an appointment. You say, but I don't set appointments, I sell over the phone.

Let me ask you, How's it working for you? What's your closing ratio? How many dozens, no hundreds of calls do you have to make before you make a sale?

If you must sell over the phone, then work smart. Use a combination of calls and email to communicate. Make an appointment to do a sales presentation over the phone.

Yeah, that's right, call and ask for a time to call back and talk for 5 or 10 minutes and do a Customer Needs Assessment. Do your research ahead of time before you get to the decision maker.

Oh, and stop blocking caller ID. If you work for a company that has to hide who they are, then you don't want to work there.

Now, go out there and be a pro.

Sunday, February 1, 2009

Sell More to People who Want to Buy-Part 2


Have you ever heard of the term "Marketing Bridge"?

On the right side of this page I say that Marketing is so much more than Advertising and here's a checklist that you should use to see how you can Sell More to People who Want to Buy.

The Marketing Bridge is what connects you and your business to your customer so the exchange of money for goods and services can take place. You need to take a look at each of these elements and honestly evaluate where you are strong, and where you can improve.

Starting on the left side of the bridge we have:

Your Business:

  • Quality Products
  • Location
  • Reputation
  • Service
  • Financing
  • Parking
  • Business Vitality
  • Delivery
Your Pricing:
  • Are your Prices Right for the Value received?
  • Is your Price Competitive?
Merchandising:
  • Cleanliness
  • Attractiveness
  • Display
  • Lighting
  • Items Properly Marked
  • Orderly
  • Timely
Personal Selling:
  • Product Knowledge
  • Suggestive Selling
  • Product Benefits
  • Sincere
  • Helpful Attitude
  • Smiling
  • Dress
  • Grooming

As you see there are all kinds of factors that contribute to your marketing success. If you can improve on any or all of the above, you can increase the value of each customer that comes to you to buy.

Advertising then is primarily designed to bring customers to you, to create an awareness of you so that when customers are going to buy, they consider buying from you. In order to accomplish that with your advertising, here are a few key elements regarding your Advertising:

  • Proper Medium
  • Quantity
  • Consistency
  • Planning
  • Timeliness

In the weeks ahead we'll dig deeper into all of this and as always your comments are always welcome. And if you need help, contact me at: Scott@ScLoHo.net

Friday, January 23, 2009

Sell More to People who Want to Buy-Part 1


Want an easy way to earn more money? A way to increase your revenue? A way to increase your profits?

And this does not involve increasing your advertising one single dime?

I can see your head bobbing up and down.

So here's the answer:

Convert more "shoppers" into "buyers".

A shopper is someone that comes into your store, or calls your business. They're looking for something and they are going to spend their money with someone.

Here's a true story that was told to me over lunch by a friend this week:

He had a coupon for a free oil change at a local new car dealership. When he took his vehicle in, he asked them to check the thermostat because he felt the heater wasn't warming up properly and he wanted it fixed.

30 minutes later, he was paged to the service desk and told his vehicle was ready to go. He asked, "What about the thermostat?" They told him, "It's fine, don't know what to tell you buddy."

After he left he called a mechanic that he knew that worked for an independent shop and explained what happened. He was told that on his vehicle, it would take at least 40 minutes because of where the thermostat was located and that it would require extra work, etc. to check the thermostat.

So he scheduled a time to drop his vehicle off and have the thermostat replaced. It will cost him about $140.00, but it is costing the dealership a whole lot more.

First of all, the dealership lost the money that they could have earned if they would have performed the service they were asked to do. Probably at least $200.00 at the dealership.

Next, they lost the trust of my friend to ever do anything on his vehicle. He even doubts if they did the oil change properly. He'll find out when he takes his vehicle to the other shop.

Third, he is telling everyone he knows about this experience and will continue to spread the word for the next month or more. Word of mouth works both ways, you know.

Fourth, how many other potential "buyers", at this dealership are turning away business due to the lazy and dishonest mechanic?

Now, do a little test like this at your place of business. What are you and your staff doing that keeps "shoppers" from becoming "buyers"?

More on this subject the next time. Your comments are always welcome.

Wednesday, December 3, 2008

The Lost Opportunity


I understand that sometimes we let opportunities slip thru our fingers. Most of us are doing more, gone are the days of a personal assistant, now we do our own research, typing, etc.

However if you let your marketing slip by the wayside, eventually your whole business can slip away.

This week I had lunch with a friend at a popular Irish restaurant. Actually, this was our second choice because the place we originally were going to is now closed at lunch time. The economy? or a lack of marketing? I guess the later.

So we went across the parking lot and went into this restaurant that I had not visited in about 3 years. We each ordered something off their express lunch menu and the food was fair.

Midway through our lunch I noticed several items that were lost opportunities. After we left I jotted down a few more. Here's a partial list:


-Waitress was forgetful with our very simple drink order, Water & Diet Pepsi. She had to ask twice.

-Music was too loud to have a pleasant conversation with someone seated across the table from me.

-Music selection did not enhance the atmosphere of an Irish restaurant. Instead of Irish music, they played some boring, generic top 40.

-Music was probably chosen for the workers and the volume turned up to keep them awake?

-Body piercings in un-natural places that looked painful, such as eye-brows, nose, lips. This is Middle America, not the coast.

-Mediocre attitude from waitress, like we were interrupting her "smoke break". Never made any food suggestions, not a people person.

-Food was presented on a very plain plate. A spring of parsley could have make it look more appealing. (This was pointed out by my friend who was in the restaurant business.)

-Bright sunlight in the bar area magnified that the place needed a good cleaning. Here's a tip, lower the lights until you scrub the place down.

-No suggestive selling. Even McDonald's will ask if you want fries with that.


Okay, there's more but first because this is the Holiday season, now is the time to push gift cards, etc. So on that theme, I continue:



-No table tents, promoting ANYTHING for the holidays. If you can't afford theme, I know how you can get them at no out of pocket cost.

-No mention of anything holiday related on the menu, by the waitress, zip, zero, nada.


Some of the best marketing you can do is to those that are already your customers. Coffee Shops in our area started this with a free punch card to reward frequent visitors. Others do it now.

So you tell your staff to do suggestive selling and they refuse. Reward them. Cut them in on some of the action.

I noticed this recently at a drug store. The cashier was very bold about it, and asked everyone that he rang up if they would help him reach a sales goal and buy a candy bar that was half price. (He probably sold Boy Scout Popcorn door to door in his younger days).

He was going to be rewarded and he was bold and honest in his approach. He even took a candy bar from the display and held it in front of you as he asked.

Okay, what about your business?

How many lost opportunities to earn money do you have?

Need some help finding them? Contact me at Money@ScLoHo.net for help.

Wednesday, October 22, 2008

The Choice is Yours


Please don't be fooled into thinking that you can abandon the marketing strategies that have made you successful when the economy was booming and you built a loyal customer base.

Unless you really don't have a loyal customer base.

Here's the choice you need to make:

1) Do I start discounting and cutting my profits to try and win customers and clients by offering the lowest prices?

Or:

2) Do I make sure that the customer experience is the best it can be, and improve that service, and build more profit into my sales model?

If you chose option 1, you will lose. There is always someone that can undercut your prices. (Think Walmart).

If you chose option 2, then start looking for ways to improve what you have to offer. You may even be able to charge a premium for it. How would you like to add a service that costs you $10 but you can charge $15 or $20?

I see that smile on your face.

But here's the tricky part.

You don't get to decide which extras to add. That's backwards. Instead, find out what your clients and customers would find valuable, and then find a way to do what they want, not what you want.

See it's not that tricky after all.

The choice is now yours.