Global Consumer Insights Survey
To reach our business goals we need right resources and/or the insights to help our business reach the success it’s capable of. Following four insights will help us generate the business we’ve always dreamed of.
1. Experiment with New Advertising Methods
A sharp decline in the effectiveness of our advertising campaign is usually the the first sign that we might need to explore new marketing strategies We shell out and ( as critics say – BURN) hard earned cash to advertise, and pubic turns its nose up! Procrastinating till our profits are plunging to start hunting for new marketing strategies is futile.
What could possibly be these foolproof selling techniques? Yeah, no more customers walking out with empty hands… no more profits disappearing into thin air! Share below, are 4 secrets that will help you put money in your pocket, and enhance your current customer list and augment, hyperscale your business.
1. Make It Easy
While the old adage – variety is the spice of life is true; giving customers too many choices can lead them into indecision or procrastination. We know, very well; when customers procrastinate … we lose sale!
Imagine a customer walks into shop / the point of purchase, your business premises; and is ready to purchase, and suddenly sees several options he didn’t know existed, he’ll stop, and then decide… which one? If he’s uncertain… well, you lose a sale that was already in your pocket.
Make it easy for your customers to decide… yes, I’ll buy it… no I won’t buy it. Yes and no decisions are a lot easier to make, and are more likely to put cash in the drawer.
2. Offer Several Ways To Buy
Too many choices can overwhelm customers and can cost you sales. These options of how to buy may open up avenues for customers to purchase the product they’ve decided they need. They say there are different strokes for different folks… your customers don’t all use same methods to buy. It just makes sense that if the method they prefer is available, they’ll be more likely to take advantage of it.
Convenience it the key to attracting buyers in today’s fast paced society. What will be the fastest and easiest for them… credit card, phone, fax, Internet, or cold hard cash?
3. Keep it Simple
Do you remember the frustration of spending 10 minutes pushing buttons on the phone just to get through a pain-in-the-neck automated ordering service. Heck, you just wanted to buy that one item! Maybe it was the time you had to click your finger raw, just to jump through the hoops of an online shopping cart. Yeah, the temptation to just forget it is right there!
Don’t frustrate your customers with intricate ordering processes. Most likely, they just want to place the order in a few minutes and be done. Let them get frustrated, and they’ll go elsewhere, or just abandon the idea altogether.
4. Follow Up
One of my favorite catalog companies always closes out the sale with a special buy that is available only at the time of purchase. I’m an impulsive shopper by but it stops me in my tracks every time. I know it’s a one-time shot, and I really consider whether I want or need it before I hang up the phone.
How many items would your customers buy if you were to follow up every sale with a special offer? Internet marketers have a world of options at their fingertips. The products you offer don’t even have to be yours… and you can still make a profit!
Affiliate marketing is sweeping the Web. Think about it… would your customers benefit from an ebook that deals with the product they are purchasing? You can offer it to them, and let the owner handle ordering process while you collect the commission. It’s as easy as 1, 2, and 3 and profitable too!
Boosting your sales numbers and profits isn’t as tough as it sounds. Implement these 4 simple selling techniques, and watch your sales steadily climb… and just think… they didn’t cost you a penny!
3 winning marketing strategies to fuel business growth
1 hour ago — 4 min read
Summary: An effective marketing strategy ensures that your product/service reaches your target audience and that you maintain an edge over your competitors. Business mentor, Dhananjay Parkhe, shares some simple yet effective marketing strategies.
Anything’s tough to do, if you don’t have the right raw material to help you. These three winning marketing strategies are the right materials for an extremely successful business. After all, an effective marketing strategy is what drives sales and leads to business growth.
1. Attention – Ads that yield results
Think about it—how many advertisements do you hear every day…how about every hour? Let’s face it, we’re bombarded with magazine ads, newspaper ads, TV ads, radio ads, and the Internet is plastered with banner ads, ticker ads, video ads on every site. Not many of the astronomical number of advertisements stick with us and make an impact. How can you make your ad stand out from the crowd?
- Make a dramatic statement – “Even my dog knows…”
- Surprise them with the unexpected – “Use for 30 days totally free…”
- Ask a thought-provoking question – “Is your current insurance costing you thousand of extra rupees every year?”
- Use high impact headlines – it’s important to snag their attention right away.
2. Get personal
How many times have you been caught in the cycle of IVR (Interactive Voice Response) services? Yes, you push 15 numbers and end up back at the main menu and never get to talk to a sales representative. People are hungry for personal interaction in the marketplace.
Look for ways to make your business a personal experience that your customers will appreciate. Get to know something about the people who walk through your doors or land on your website/ecommerce stores.
Let people who visit your website know something about you. It’s easier to trust an individual than a huge impersonal company, and trust is crucial to building a pool of loyal customers.
3. Paint a picture
The end of a hectic week has finally arrived! As I lock the doors on a still cluttered office, my mind wanders to the many things that will demand my attention this weekend. I long to just escape the demanding voices…escape to the waters of the lake across town. It would be like heaven to plop myself across the back seat of a boat and watch the sea gulls dip and dive as the waves rock me to peaceful sleep. I can almost hear the sound of their splashing when the clang of metal alerts me to the fact that I’ve dropped my keys.
Put your customers on the boat.
Painting word pictures that capture their emotions will be more effective that the raw facts of the benefits your product offers.
Describe what the benefits will do for them, vividly and in great detail…get them panting for the end result.
Paint your way to a sale!
Think about it – the three strategies we’ve talked about deal with human emotions or behaviours, rather than your product itself.
When we affect the heart of the customer, our sales are likely to see great results…and hey, they’ll feel good while they’re writing out the check!
What more could you ask for?
To explore business opportunities, link with me by clicking on the ‘Invite’ button on my eBiz Card.
Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views, official policy or position of GlobalLinker.
Quick and Dirty
Things that are fixed with great speed, but as a result, it’s probably not going to work very well. The quick trip this year did not expect any result even after a month and I was little depressed. But the Brainwave and Udemy courses I am doing are really balancing.
There’s No I in Team
To not work alone, but rather, together with others in order to achieve a certain goal. The recent attempts to work as a team member without putting skin in the game has not worked. Partner trouble of the past always comes back however much I try to let it go.
Burst Your Bubble
To ruin someone’s happy moment. No I did not and will not do that.
Break The Ice
Breaking down a social stiffness. Hmmm… I think I shall shrink all other social activities and whatever is going on and just focus on 2 or 3 major big ticket items only. I need finishiative myself.
Right Off the Bat
Immediately, done in a hurry; without delay. But it did not yield any results. May be the introduction was not done well or my offerings were wrong or may be I was not seen as the choice or I failed to sell my services well.
I Smell a Rat
A feeling that something is not quite right, or awry. That sinking feeling ! Ahh ! but I am learning lessons on Self hypnosis and they are good. They work.
It’s Not Brain Surgery
A task that’s easy to accomplish, a thing lacking complexity. No. I do not have any simple task in my task list. I must just junk it and fill it up with small simple tasks and steps I can do and applaud myself , pat my own back.
I’m a gardener Mentor. I try and die the seeds to make Dreams grow into ambitions, translating into Vision, mission, goals, objectives, action plans, biz, marketing plans etal.
In my efforts, sometimes I come across very distressed mentees. I have to work on making the soil good as they have rocky soil of past bad experiences, thorny soil which does not allow seeds to germinate, or find soil. I spend 5, 13, 26, 52 weeks depending upon the STATE, and SITUATION.
I Sometimes come across Sand, silt or clay land or simply rocky land. Rarely I find delta land ( usualy in C Suite execs) which is fertile . Each gets a different mentor treatment.
It works. There are failures too. As the mentorees stop responding and throw seeds on footpath – it is eaten by birds and pigeons.
In one case, after sowing 150 revenue ideas and rigorously, tilling the land I found failure. I decided to move on. As the farmer/ mentoree just did not understand and allowed my gardening efforts fail.
Sad but true! It happens.
Gardener then moves on too…
What Makes Us Cheat? Three Classic Experiments from Behavioral Economics.
Over a year ago by SIMON OXENHAM
Dan Ariely, the psychologist who popularised behavioral economics, has made a fascinating documentary with director Yael Melamede exploring what makes us dishonest. I’ve just finished watching it and it’s something of a masterpiece of psychological storytelling, delving deep into contemporary tales of dishonesty, and supporting its narrative with cunningly designed experiments that have been neatly reconstructed for the film camera.
Below are three excerpts I selected in which Ariely and his co-authors walk us through some of their most thought-provoking experiments and discuss their implications, reproduced here with the permission of the filmmaker.
The Matrix Experiments
Most people cheat a little bit, cumulatively this low-level cheating dwarfs the economic impact of those who cheat a lot.
The Human Capacity for Self-Deception
Most people believe they are somewhat better than average; not only is this statistically impossible, but also even when we know full well that we are cheating, we’ll still fool ourselves into believing otherwise. Our self-evaluation remains distorted even when our own money is at stake, a principle known as the optimism bias.
Whether or not we cheat has less to do with the probability of being caught, than whether or not we feel cheating is socially acceptable within our social circle.
For more of the above, I recommend watching Ariely’s film – (Dis)Honesty – The Truth About Lies, which includes more experiments from behavioral economics described in detail, along with some fascinating case studies from professional cheaters: athletes who’ve been caught doping, bankers who’ve been jailed for insider trading, and partners caught stepping out on their significant others.
Full disclosure: I received a free review copy of the film from the producers.
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