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Hub You - The 3 Letter Word You Must Know to Prosper in Your Business
Why Isn’t Everyone Working From Home? ted and personally acknowledged. By offering specially priced deals or first choice, you endear yourself to them. At the same time, you enhance your customers' perception of your Unique Selling Proposition.Most people today have the opportunity to work from home if they choose, however, like skydiving, working from home is not for everyone.One person’s pleasure is another person’s poison.If you do want to work from home, do you want online or offline, product or service, health related, information related, affiliate business? Etc,etc,etc. The list goes on and on. Find something that is of interest to you, this is very important, you must be passionate about your business, know your business inside and out, study and research about your products, services and opportunity, plus it’s good fun.We are taught to do well in life, but not too well, because to be really successful you need to take risks and you don't want to do that, do you?We are conditioned from an early age, do well at school, get a good job, marry, have children and not to rock the boat!All the successful people around have definitely rocked the boat at some stage, they have done things where people have said, ‘What are they doing, are they mad?’ These people are in the minority, they want more, they need challenges, so they take risks, sometimes they win and sometimes they loose, but whatever happens they just keep on going, trying new things, investing in what seems like hopeless opportunities, but what makes this minority of people different is their will to SUCCEED.Everybody can see these people succeed and fail, so everybody says, ‘Well I won’t be trying that it’s to If your USP is service, your preferred promotions will be service-based rather than price-based. Give them extended service -- for instance, a special offer of your basic service, or one year of free consulting or assistance not normally given. Also, don't underestimate the profit potential inherent in special offers. Acquiring first-time customers usually costs a small fortune. Space ads have to reach tens of thousands of readers to produce a few hundred customers, so it may cost you $10 or more to acquire a customer. But once you satisfactorily deliver your product or service and have a core customer base, you can continuously rework and resell at a very modest cost per sale. When you have a list of customers who have already shown their willingness to spend money on your products or services, it costs very little to go to them with additional special offers. If you have 10,000 customers, it will probably cost $3,000 to mail them a letter. (At best, that same $3,000 for display advertising would probably generate only 100 new customers at a cost of $30 per customer.) Calling all 10,000 prospects on the phone would take five telephone sales people about a month. If they were on salary, that might cost you about $10,000 (for that month) or only about $1.00 a contact. If broad choice is your USP, have a customer-service representative contact your customers to see if everything is satisfactory. If everything is not, offer to replace, repair or correct the product or service. Your customer-service people should know just as much about available choices and options as your salespeople. Give them reasonable authority to replace, repair Manufacturing Capacity as a Commodity Even while you creatively imitate others, remember that it's also important to be different. Distinguish your HVAC business from all the rest. Make your enterprise special in the eyes of your customer or client. That is the goal I want you to pursue.Excess capacity in an automobile plant at Ford, Chrysler, Toyota, GM, and Honda is a commodity and those who study finite capacity scheduling modules can readily see the possibilities for increased production and that means profit. Einstein said time is relative, that is true, time is relative, manipulating commodity theoretical models allows companies to see thru time and keep costs and purchases on an even keel without the problems of relative time. Thus the commodity can be simplified to price/cost models. The commodity is still relative to fluctuations in currency, weather, and supply and demand. There is no reason a company like Ford cannot take those plants, which have closed and use them to make something else. Instead, they ran their plants at maximum capacity or close to it, and built lots of cars, which are now in the dealers or on their way to the dealers and there is no need to run the plants now sense there are enough cars built. If the cars become scarce, then the price goes up. As with anything; supply and demand. Are cars a commodity? It appears they are, but more so the time in the excess capacity in the factories is the real commodity although from a purely conceptual standpoint, both the time and the cars are commodities.Excess capacity also occurs in many other industries, such as electricity, water, oil, mainframe time, bandwidth, etc. When deregulation came to the California energy market we saw an interesting thing occur. People would buy blocks How do you get your business differentiated? By creating a Unique Selling Proposition - or USP. A USP is that distinct and appealing idea that sets you and your business, or practice, favorably apart from every other generic competitor. The long-term marketing and operational successes I help you achieve will, ultimately, be helped or hurt by the USP you decide upon. The possibilities for building a USP are unlimited. It's best, however, to adopt a USP that dynamically addresses an obvious void in the marketplace that you can honestly fill. Beware: It's actually counter-productive to adopt a USP if you cannot fulfill the promise. It's no surprise then that most HVAC businesses, lacking a USP, merely get by. Their failure rate is high, their owners are apathetic, and they get only a small share of the potential business. But other than a possible convenient location, why should they get much patronage if they fail to offer any appealing promise, unique feature or special service? Would you want to patronize a firm that's just "there," with no unique benefit, no incredible prices, no especially comforting counsel or guarantee? Or would you prefer a firm that offers you the broadest selection in the country? Or one with every item marked up less than half the margin other competitors charge? The point is to focus on the one niche, need or gap that is most sorely lacking, provided you can keep the promise you make! You can even create hybrid USPs - combinations that integrate one marketing gap with another. Before you decide on a USP, though, be sure you can always deliver that USP through your organization. If you decide your USP is that your company offers the broadest selection of products or services "instantly available" or "always in stock," but in reality you stock six out of 25 items and only a few of each item, then you're falling down on the essence of your USP, and your marketing will probably fail. If you don't honestly believe you can deliver on your USP, pick another one to build your business on. Just be sure it's unique and that you can fulfill it. Remember, the USP is the nucleus around which you will build your success, fame, and wealth, so you better be able to state it. Whenever a customer needs the type of product or service you sell, your USP should bring your company immediately to mind. Also you must reduce your USP to its sinewy bare essence. Try It. With paper and pen, prepare a one-paragraph statement of your new USP. Ruthlessly edit away the generalities, and tenaciously focus on the crispest, clearest, most specific promise you could possibly hold out. Then, rework it and hack away the excess verbiage until you have a clearly apparent Unique Selling Proposition a customer can immediately seize upon. And then, integrate your USP into every marketing aspect of your business. Let's say you run display-type ads, and your USP is that you have better selection and follow-up service than any other competitor. There are several ways to integrate these qualities into your ads. For example: State the selection USP in the ad headline: "We Always Have 168 different Widgets in No Less than 12 Different Sizes and 10 Desirable Colors, in price ranges from $6 to $600." Or, if good service at an affordable price is your USP, use this as a model: "ABC Tree Trimmers will trim and maintain your trees and shrubs six times a year, once every two months, and all it costs you is $16 a month, billed quarterly." By now you should have the general idea that how important your USP is and you need to carefully integrate it into the headline and body copy of every ad you run. And in every direct-mail piece you send out. When your salespeople call on prospects, everything they say should clearly reinforce your USP. They should explain the USP to the customer in a clear, concise statement. For example: "Hello, Mr. Prospect. I know your time is short, so I'll get right to the point. Your company manufactures widgets. You buy steel and copper from a competitor. You're currently paying $100 a ton for steel and $75 a ton for copper, of which you waste roughly 25%. My firm will sell you a higher grade steel and a higher alloy copper for $95 and $69 a ton, respectively, freight prepaid, which saves you an extra $3 a ton. Plus, we'll guarantee our metal will produce a waste factor of 15% or less, and we'll replace any wasted coverage, free. One last point, Mr. Prospect. It could be important. We'll furnish you with 50; 20-gauge titanium rivets and cap assemblies free with every 10 tons of steel you order this month. May I have your order?" Throughout the sales pitch, your sales reps should refer to the USP benefits or advantages. Don't try and merely have your salespeople "wing it”. Be sure they can clearly and powerfully express your USP in 60 seconds (the oral equivalent of a written paragraph), and then compellingly state how it benefits the prospect. When an old, tired company or profession adopts a powerful, new, and appealing USP, it gives new life, new excitement, new interest and new appeal to the marketing plan. You're suddenly different, instead of just being another interloper preying on customers you've trapped into hearing your sales pitch! Now you're on the customer's side. Don't forget my earlier advice. Don't adopt a USP that you can't deliver. Also, analyze the market potential of various USP positions in terms of volume, profits and repeat business. For example, the highest marketing niche may be in the exclusive, expensive USP, but the biggest money may be made in the discount-volume USP. There's a place for both, but if you try to ride two horses, you'll probably bite the dust. Remember too, that your USP is giving advice, assistance and superior service; it can't stop with mere sales rhetoric. Sit down and write a synopsis of your USP for your staff, how you're trying to carry it out. The entire company must adhere to the USP. Talk to your staff, write scripts, hold contests, and reward people who distinguish themselves in promoting your USP. Set an example so that your staff can see the USP in action. How can you ensure that you are in the hearts and minds of your customers after the sale? Here are a few good approaches: Immediately following a sale, write, call or visit your customers. During this follow-up effort, see that the customers feel important and special, and that their initial purchases are "resold." Repeat your USP and remind the customers how it helped them make their purchasing decision. Reassure customers about their wise decisions. A post-purchase follow-up incorporating the essence of your USP is vital, regardless of how frequently you "back-end" or resell to that customer. You enhance the customer's loyalty and value to your business by following up after the sale Good marketing requires that you give customers rational reasons for their emotional buying decision. There is a formula for success, and the USP, my dear friends, is truly an integral part of that formula. Depending on the business offer frequent special promotions to your customers by mail, telephone or in person. Everyone wants to feel appreciated and personally acknowledged. By offering specially priced deals or first choice, you endear yourself to them. At the same time, you enhance your customers' perception of your Unique Selling Proposition. If your USP is service, your preferred promotions will be service-based rather than price-based. Give them extended service -- for instance, a special offer of your basic service, or one year of free consulting or assistance not normally given. Also, don't underestimate the profit potential inherent in special offers. Acquiring first-time customers usually costs a small fortune. Space ads have to reach tens of thousands of readers to produce a few hundred customers, so it may cost you $10 or more to acquire a customer. But once you satisfactorily deliver your product or service and have a core customer base, you can continuously rework and resell at a very modest cost per sale. When you have a list of customers who have already shown their willingness to spend money on your products or services, it costs very little to go to them with additional special offers. If you have 10,000 customers, it will probably cost $3,000 to mail them a letter. (At best, that same $3,000 for display advertising would probably generate only 100 new customers at a cost of $30 per customer.) Calling all 10,000 prospects on the phone would take five telephone sales people about a month. If they were on salary, that might cost you about $10,000 (for that month) or only about $1.00 a contact. If broad choice is your USP, have a customer-service representative contact your customers to see if everything is satisfactory. If everything is not, offer to replace, repair or correct the product or service. Your customer-service people should know just as much about available choices and options as your salespeople. Give them reasonable authority to replace, repair Business in China #2 - Relationship Building P through your organization.Prior to privatisation in China, business only existed in the form of State Owned Enterprise (SOE). These were (and still are) run by people with strong political backgrounds and relationships, usually connected by family ties to someone in the government. This sort of closed organisational structure gave no opportunity for its employees to be involved in any decision-making processes. Often, principle-based leadership was substantial to motivate staff to be productive, although the extent of government financial support available meant that SOEs frequently didn’t need much in the way of business knowledge or understanding of the market. Success was based rather on good relationship building – which effectively meant getting government financial support.With the boom of joint venture in the late 80s and early 90s, foreign investors started sending their own managers to interact with the SOE business culture. They were given great packages as incentives to compensate for hard local living conditions. In the 13 years I have been living in China, I have heard stories, too numerous to mention, of foreign managers attending hundreds of banquets and getting drunk with government officials, while the translators took over the communication channels. Most of the time they would have no idea of what was going on, other than that they were expected to drink vast quantities of alcohol, which somehow or other bridged the gap between the two cultures. The main criteria for foreign If you decide your USP is that your company offers the broadest selection of products or services "instantly available" or "always in stock," but in reality you stock six out of 25 items and only a few of each item, then you're falling down on the essence of your USP, and your marketing will probably fail. If you don't honestly believe you can deliver on your USP, pick another one to build your business on. Just be sure it's unique and that you can fulfill it. Remember, the USP is the nucleus around which you will build your success, fame, and wealth, so you better be able to state it. Whenever a customer needs the type of product or service you sell, your USP should bring your company immediately to mind. Also you must reduce your USP to its sinewy bare essence. Try It. With paper and pen, prepare a one-paragraph statement of your new USP. Ruthlessly edit away the generalities, and tenaciously focus on the crispest, clearest, most specific promise you could possibly hold out. Then, rework it and hack away the excess verbiage until you have a clearly apparent Unique Selling Proposition a customer can immediately seize upon. And then, integrate your USP into every marketing aspect of your business. Let's say you run display-type ads, and your USP is that you have better selection and follow-up service than any other competitor. There are several ways to integrate these qualities into your ads. For example: State the selection USP in the ad headline: "We Always Have 168 different Widgets in No Less than 12 Different Sizes and 10 Desirable Colors, in price ranges from $6 to $600." Or, if good service at an affordable price is your USP, use this as a model: "ABC Tree Trimmers will trim and maintain your trees and shrubs six times a year, once every two months, and all it costs you is $16 a month, billed quarterly." By now you should have the general idea that how important your USP is and you need to carefully integrate it into the headline and body copy of every ad you run. And in every direct-mail piece you send out. When your salespeople call on prospects, everything they say should clearly reinforce your USP. They should explain the USP to the customer in a clear, concise statement. For example: "Hello, Mr. Prospect. I know your time is short, so I'll get right to the point. Your company manufactures widgets. You buy steel and copper from a competitor. You're currently paying $100 a ton for steel and $75 a ton for copper, of which you waste roughly 25%. My firm will sell you a higher grade steel and a higher alloy copper for $95 and $69 a ton, respectively, freight prepaid, which saves you an extra $3 a ton. Plus, we'll guarantee our metal will produce a waste factor of 15% or less, and we'll replace any wasted coverage, free. One last point, Mr. Prospect. It could be important. We'll furnish you with 50; 20-gauge titanium rivets and cap assemblies free with every 10 tons of steel you order this month. May I have your order?" Throughout the sales pitch, your sales reps should refer to the USP benefits or advantages. Don't try and merely have your salespeople "wing it”. Be sure they can clearly and powerfully express your USP in 60 seconds (the oral equivalent of a written paragraph), and then compellingly state how it benefits the prospect. When an old, tired company or profession adopts a powerful, new, and appealing USP, it gives new life, new excitement, new interest and new appeal to the marketing plan. You're suddenly different, instead of just being another interloper preying on customers you've trapped into hearing your sales pitch! Now you're on the customer's side. Don't forget my earlier advice. Don't adopt a USP that you can't deliver. Also, analyze the market potential of various USP positions in terms of volume, profits and repeat business. For example, the highest marketing niche may be in the exclusive, expensive USP, but the biggest money may be made in the discount-volume USP. There's a place for both, but if you try to ride two horses, you'll probably bite the dust. Remember too, that your USP is giving advice, assistance and superior service; it can't stop with mere sales rhetoric. Sit down and write a synopsis of your USP for your staff, how you're trying to carry it out. The entire company must adhere to the USP. Talk to your staff, write scripts, hold contests, and reward people who distinguish themselves in promoting your USP. Set an example so that your staff can see the USP in action. How can you ensure that you are in the hearts and minds of your customers after the sale? Here are a few good approaches: Immediately following a sale, write, call or visit your customers. During this follow-up effort, see that the customers feel important and special, and that their initial purchases are "resold." Repeat your USP and remind the customers how it helped them make their purchasing decision. Reassure customers about their wise decisions. A post-purchase follow-up incorporating the essence of your USP is vital, regardless of how frequently you "back-end" or resell to that customer. You enhance the customer's loyalty and value to your business by following up after the sale Good marketing requires that you give customers rational reasons for their emotional buying decision. There is a formula for success, and the USP, my dear friends, is truly an integral part of that formula. Depending on the business offer frequent special promotions to your customers by mail, telephone or in person. Everyone wants to feel appreciated and personally acknowledged. By offering specially priced deals or first choice, you endear yourself to them. At the same time, you enhance your customers' perception of your Unique Selling Proposition. If your USP is service, your preferred promotions will be service-based rather than price-based. Give them extended service -- for instance, a special offer of your basic service, or one year of free consulting or assistance not normally given. Also, don't underestimate the profit potential inherent in special offers. Acquiring first-time customers usually costs a small fortune. Space ads have to reach tens of thousands of readers to produce a few hundred customers, so it may cost you $10 or more to acquire a customer. But once you satisfactorily deliver your product or service and have a core customer base, you can continuously rework and resell at a very modest cost per sale. When you have a list of customers who have already shown their willingness to spend money on your products or services, it costs very little to go to them with additional special offers. If you have 10,000 customers, it will probably cost $3,000 to mail them a letter. (At best, that same $3,000 for display advertising would probably generate only 100 new customers at a cost of $30 per customer.) Calling all 10,000 prospects on the phone would take five telephone sales people about a month. If they were on salary, that might cost you about $10,000 (for that month) or only about $1.00 a contact. If broad choice is your USP, have a customer-service representative contact your customers to see if everything is satisfactory. If everything is not, offer to replace, repair or correct the product or service. Your customer-service people should know just as much about available choices and options as your salespeople. Give them reasonable authority to replace, repair Working At Home (The Apartment Manager) d quarterly."If you can work it out, and I know it’s not easy to do, the benefits of working at home are extraordinary.First, if you’re a single parent, like I am, then you are always there for your children when and if they need you.Second, you don’t commute. You save money on gas, wear and tear on your vehicle, cut down on pollution, and the more your vehicle sits in the carport the more you start thinking about reducing costly insurance premiums.But also, there is less wear and tear on you.You’re not frustrated or frightened in traffic.You’re not under pressure because you have to be somewhere at a certain time.That’s not to say there aren’t problems working at home.There are.But, I feel blessed to have this job on many levels.Am I getting rich?No, I’m lucky if I break even each month.But the life style is priceless.I go to work when I’m ready (after I’ve made breakfast and lunches for my daughters and they are off to school) I start clipping, mowing, painting, repairing etc. around the apartments. If one of my daughters gets sick I’m here to nurse her through it. If they need a ride to a game, or want to have a friend spend the evening, I’m here.If I get tired I take a break. If I don’t feel like working one day, or if I’m all caught up, I take a day off. It doesn’t matter which day of the week. Or I can work on any day I like, holidays included. In a word, I’m free. Or as I say to everyone, “I By now you should have the general idea that how important your USP is and you need to carefully integrate it into the headline and body copy of every ad you run. And in every direct-mail piece you send out. When your salespeople call on prospects, everything they say should clearly reinforce your USP. They should explain the USP to the customer in a clear, concise statement. For example: "Hello, Mr. Prospect. I know your time is short, so I'll get right to the point. Your company manufactures widgets. You buy steel and copper from a competitor. You're currently paying $100 a ton for steel and $75 a ton for copper, of which you waste roughly 25%. My firm will sell you a higher grade steel and a higher alloy copper for $95 and $69 a ton, respectively, freight prepaid, which saves you an extra $3 a ton. Plus, we'll guarantee our metal will produce a waste factor of 15% or less, and we'll replace any wasted coverage, free. One last point, Mr. Prospect. It could be important. We'll furnish you with 50; 20-gauge titanium rivets and cap assemblies free with every 10 tons of steel you order this month. May I have your order?" Throughout the sales pitch, your sales reps should refer to the USP benefits or advantages. Don't try and merely have your salespeople "wing it”. Be sure they can clearly and powerfully express your USP in 60 seconds (the oral equivalent of a written paragraph), and then compellingly state how it benefits the prospect. When an old, tired company or profession adopts a powerful, new, and appealing USP, it gives new life, new excitement, new interest and new appeal to the marketing plan. You're suddenly different, instead of just being another interloper preying on customers you've trapped into hearing your sales pitch! Now you're on the customer's side. Don't forget my earlier advice. Don't adopt a USP that you can't deliver. Also, analyze the market potential of various USP positions in terms of volume, profits and repeat business. For example, the highest marketing niche may be in the exclusive, expensive USP, but the biggest money may be made in the discount-volume USP. There's a place for both, but if you try to ride two horses, you'll probably bite the dust. Remember too, that your USP is giving advice, assistance and superior service; it can't stop with mere sales rhetoric. Sit down and write a synopsis of your USP for your staff, how you're trying to carry it out. The entire company must adhere to the USP. Talk to your staff, write scripts, hold contests, and reward people who distinguish themselves in promoting your USP. Set an example so that your staff can see the USP in action. How can you ensure that you are in the hearts and minds of your customers after the sale? Here are a few good approaches: Immediately following a sale, write, call or visit your customers. During this follow-up effort, see that the customers feel important and special, and that their initial purchases are "resold." Repeat your USP and remind the customers how it helped them make their purchasing decision. Reassure customers about their wise decisions. A post-purchase follow-up incorporating the essence of your USP is vital, regardless of how frequently you "back-end" or resell to that customer. You enhance the customer's loyalty and value to your business by following up after the sale Good marketing requires that you give customers rational reasons for their emotional buying decision. There is a formula for success, and the USP, my dear friends, is truly an integral part of that formula. Depending on the business offer frequent special promotions to your customers by mail, telephone or in person. Everyone wants to feel appreciated and personally acknowledged. By offering specially priced deals or first choice, you endear yourself to them. At the same time, you enhance your customers' perception of your Unique Selling Proposition. If your USP is service, your preferred promotions will be service-based rather than price-based. Give them extended service -- for instance, a special offer of your basic service, or one year of free consulting or assistance not normally given. Also, don't underestimate the profit potential inherent in special offers. Acquiring first-time customers usually costs a small fortune. Space ads have to reach tens of thousands of readers to produce a few hundred customers, so it may cost you $10 or more to acquire a customer. But once you satisfactorily deliver your product or service and have a core customer base, you can continuously rework and resell at a very modest cost per sale. When you have a list of customers who have already shown their willingness to spend money on your products or services, it costs very little to go to them with additional special offers. If you have 10,000 customers, it will probably cost $3,000 to mail them a letter. (At best, that same $3,000 for display advertising would probably generate only 100 new customers at a cost of $30 per customer.) Calling all 10,000 prospects on the phone would take five telephone sales people about a month. If they were on salary, that might cost you about $10,000 (for that month) or only about $1.00 a contact. If broad choice is your USP, have a customer-service representative contact your customers to see if everything is satisfactory. If everything is not, offer to replace, repair or correct the product or service. Your customer-service people should know just as much about available choices and options as your salespeople. Give them reasonable authority to replace, repair Why Starting A Daycare Is The Best Thing Since Sliced Bread t a USP that you can't deliver. Also, analyze the market potential of various USP positions in terms of volume, profits and repeat business.Who ever thought that starting your own daycare could allow you to stay home and make $90,241 a year from the comfort of your own home.Just think about this for a minute….Get up in the morning invite 7-8 kids to your house Monday thru Friday, have fun, teach pre-school activities, read books, eat lunch, take a nap, play little more, go home.That’s about what the day involves, but you need to think further. You are a business owner now, which means you can write off items on your tax return. How about things like furniture, cars, or utility bills? These are items you need anyways regardless of any business or job you might have.Pretty cool, right?Another thing to remember is all the personal work you can get done in your home while running your daycare. I always found naptime to be very productive.So while your kids are sleeping, you can be getting your chores done by folding laundry, making dinner, phone calls paperwork, etc. State agency rules state that you need to be within hearing and sight of your children. So why not get a little of your work done while they sleep?But remember you cannot do your chores while children are awake and present. This would qualify as poor child care practices.I just wanted to give you some pointers as someone who’s been there!Next, we will talk about working at home while raising your children.I started my daycare when my twin daughters were both 1 years old. It wa For example, the highest marketing niche may be in the exclusive, expensive USP, but the biggest money may be made in the discount-volume USP. There's a place for both, but if you try to ride two horses, you'll probably bite the dust. Remember too, that your USP is giving advice, assistance and superior service; it can't stop with mere sales rhetoric. Sit down and write a synopsis of your USP for your staff, how you're trying to carry it out. The entire company must adhere to the USP. Talk to your staff, write scripts, hold contests, and reward people who distinguish themselves in promoting your USP. Set an example so that your staff can see the USP in action. How can you ensure that you are in the hearts and minds of your customers after the sale? Here are a few good approaches: Immediately following a sale, write, call or visit your customers. During this follow-up effort, see that the customers feel important and special, and that their initial purchases are "resold." Repeat your USP and remind the customers how it helped them make their purchasing decision. Reassure customers about their wise decisions. A post-purchase follow-up incorporating the essence of your USP is vital, regardless of how frequently you "back-end" or resell to that customer. You enhance the customer's loyalty and value to your business by following up after the sale Good marketing requires that you give customers rational reasons for their emotional buying decision. There is a formula for success, and the USP, my dear friends, is truly an integral part of that formula. Depending on the business offer frequent special promotions to your customers by mail, telephone or in person. Everyone wants to feel appreciated and personally acknowledged. By offering specially priced deals or first choice, you endear yourself to them. At the same time, you enhance your customers' perception of your Unique Selling Proposition. If your USP is service, your preferred promotions will be service-based rather than price-based. Give them extended service -- for instance, a special offer of your basic service, or one year of free consulting or assistance not normally given. Also, don't underestimate the profit potential inherent in special offers. Acquiring first-time customers usually costs a small fortune. Space ads have to reach tens of thousands of readers to produce a few hundred customers, so it may cost you $10 or more to acquire a customer. But once you satisfactorily deliver your product or service and have a core customer base, you can continuously rework and resell at a very modest cost per sale. When you have a list of customers who have already shown their willingness to spend money on your products or services, it costs very little to go to them with additional special offers. If you have 10,000 customers, it will probably cost $3,000 to mail them a letter. (At best, that same $3,000 for display advertising would probably generate only 100 new customers at a cost of $30 per customer.) Calling all 10,000 prospects on the phone would take five telephone sales people about a month. If they were on salary, that might cost you about $10,000 (for that month) or only about $1.00 a contact. If broad choice is your USP, have a customer-service representative contact your customers to see if everything is satisfactory. If everything is not, offer to replace, repair or correct the product or service. Your customer-service people should know just as much about available choices and options as your salespeople. Give them reasonable authority to replace, repair Using Online Presentations to Reduce Transportation Costs and Generate More Business! ted and personally acknowledged. By offering specially priced deals or first choice, you endear yourself to them. At the same time, you enhance your customers' perception of your Unique Selling Proposition.Has this ever happened to you? You drive thirty to forty-five minutes to get to your first appointment. You arrive at a prospective client’s office and the CEO is not there! What about this situation? You are scheduled to talk with the president of a company that is exactly fits your target market. Unfortunately, your appointment abruptly ends after only fifteen minutes. You thought that you had an hour! Your first meeting begins twenty minutes late due to phone call taken before your scheduled meeting with the vice-president. How would you feel after these appointments?Of course, these situations never happen with you or your sales people! Right? If you want to find a way to reduce expenses, consider using technology to connect with prospects. This is a great alternative sales solution! You can reduce your transportation and travel costs by conducting online presentations to complete first call interviews.Why not conduct an online meeting? You can use Citrix Go-To-Meeting technology. There is also a Webex application that you can use and perhaps other software. Large, mid-size and small companies use inside sales personnel to get new business successfully. You can too! Realistically, do you really expect to pick up the check and complete the sale on the first appointment?Does it make good sense to travel just to meet them for the first time? Your first meeting should be used is to better understand your prospect’s needs, concerns and c If your USP is service, your preferred promotions will be service-based rather than price-based. Give them extended service -- for instance, a special offer of your basic service, or one year of free consulting or assistance not normally given. Also, don't underestimate the profit potential inherent in special offers. Acquiring first-time customers usually costs a small fortune. Space ads have to reach tens of thousands of readers to produce a few hundred customers, so it may cost you $10 or more to acquire a customer. But once you satisfactorily deliver your product or service and have a core customer base, you can continuously rework and resell at a very modest cost per sale. When you have a list of customers who have already shown their willingness to spend money on your products or services, it costs very little to go to them with additional special offers. If you have 10,000 customers, it will probably cost $3,000 to mail them a letter. (At best, that same $3,000 for display advertising would probably generate only 100 new customers at a cost of $30 per customer.) Calling all 10,000 prospects on the phone would take five telephone sales people about a month. If they were on salary, that might cost you about $10,000 (for that month) or only about $1.00 a contact. If broad choice is your USP, have a customer-service representative contact your customers to see if everything is satisfactory. If everything is not, offer to replace, repair or correct the product or service. Your customer-service people should know just as much about available choices and options as your salespeople. Give them reasonable authority to replace, repair or reinstall if there is any dissatisfaction. Make them aware that their jobs depend on ensuring that the promise behind your USP is fulfilled. They should prove that the USP is real and that the entire company is enthusiastically committed to doing whatever it takes fulfill the USP promise. Anyone in your employ who does not, cannot, or will not promote your USP should be immediately replaced with someone who can and will. Your real wealth comes from repeat or residual business, which will only happen if every aspect of your business is a continuous extension of your USP. You can send a personal thank-you note to your customers. You can send a gift or a gift certificate. You can send items to correspond with holidays: A box of candy on Valentine's Day; a poinsettia, a turkey or ham at Christmas; a birthday card -- the possibilities are many. If you add up the customer's value in future business or repeat sales, you can probably justify a sizable investment in his or her goodwill. Everyone likes to be acknowledged and feel they are special. You should even integrate your USP into every contact with dissatisfied customers! Whenever someone asks for a refund, replacement, or adjustment, instead of resenting the fact that you have to give back money, use that opportunity to reconvey the essence of your USP -- either in person or by letter. If you have an exchange department, instruct that staff to courteously and sincerely reiterate your firm's USP, and assure the dissatisfied customer of the firm's commitment to offer more service, greater selection, better guarantees or whatever. Then, if you issue credit or a check, include a prepared letter expressing your deep commitment to your USP, and apologizing for any inconvenience, disappointment or dissatisfaction. With every refund, send a letter expressing disappointment that you did not fulfill the customer’s expectations. Then ask the dissatisfied customer to please give you another chance to make good! You can offer your customers discount certificate, a special bonus, or some other preferential treatment that shows unhappy customers you want their business back, that you appreciate them. Above everything else, never, ever lose track of the fact that USP is all about the customers. It is not about me, you, the company or the profession. Don't make the mistake of aggrandizing your business. Instead, help your customer or client do some aggrandizing. You must to get your USP down first!
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