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Suggest You - The 3 Letter Word You Must Know to Prosper in Your Business
Unemployment Blues: Jobs and Immigration 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?"During the past few weeks, and surely for weeks to come, there has been a national focus in the United States on the problems and benefits of illegal immigration. While the many sides debate over amnesty, guest worker programs, routes to citizenship, strengthening the borders, and whether illegal immigrants should be considered felons, the reality of the situation remains unchanged. There are between 10 and 20 million (no one knows for sure) illegal aliens working within the United States. Many have regular full time jobs while others survive as day laborers or temporary workers. Politicians defend the needs of business to find workers to fill the jobs that "Americans are unwilling to do."Despite the improving unemployment rate, there are still over 5 million of us out of work, some for a very considerable period of time. For those unfortunates, unemployment payments have long been exhausted. With no regular source of income nor any decent prospects on the horizon, why would anyone turn up their noses at the chance of regular work, no matter what was involved?We talk a lot about the "inherent dignity of work" as if being productive, in any way, is always better than laying around on the dole, collecting something for nothing. Such was the thinking behind the welfare-to-work push of a decade ago. But when was the last time you saw a politician or career bureaucrat actually have to take one of those "can't be filled" jobs?What are those positions that Amer 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 cus Ebay - Make Money Selling The Most Valuable Commodity On The Planet (And the Banana Skins To Avoid!) 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.eBay: Make Money Selling The Most Valuable Commodity On The Planet is about…• How anybody can make their fortune prospecting the eBay goldmine.• Why so many people fall short.• How you can avoid the same banana skins!The most valuable commodity on the planet is of course information and vast fortunes have been made selling it in one form or another. It is the ultimate minimal risk high profits megabucks commodity.But selling information on eBay is not going to rock your world if you can't avoid the following banana skins…Here is your first banana skin avoidance measure…Believe the hype!The eBay hype suggests that it is a marketing Tyrannosaurus Rex with over 100 million registered members and 1.5 billion page views every month. Alas, not many people know how to put this monster to work and will end up with little more than bread crumbs to show for all of their efforts.Put simply, if you can get your head around the size of this mega beast you'll understand the enormous opportunity staring you in the face!And your second banana skin…Traffic starvation.Without visitors - and plenty of them - your auctions will wither on the vine and perish. But there is a solution… If all else fails do what the pros do, reach for your plastic.eBay’s Feature Plus option is expensive but it brings in the traffic. Include a counter when you set up your auction so that you know how many visitors actuall 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 cust How To Market To Financial Services ossible convenient location, why should they get much patronage if they fail to offer any appealing promise, unique feature or special service?So finally the brokers, stock experts and traders have found something in common with the marketers. They are not completely useless of course. Even marketers can be deployed in their area of concern. In addition to the fascinating numbers and trends marketers are busy looking out for more in the financial sector to attract the potential customers.Is this introduction of the marketing team to the financial sector a one-side bargain? Have eventual marketers been able to sell themselves to this intellectual group? Well certainly yes, marketers have created their demand but it is not completely a one sided deal. The increasing competition and strenuous demands have mandated the once subtle financial sector to look out for new ways to reach customers, which has been more or less materialized by the marketer.The Offerings:The hosts of services, offered by marketers to this segment, are equally tempting and interesting. The range is huge and products quite enchanting. Technology backed tools to systematize processes and enable easy computation and analysis. Market oriented products created to build and maintain a bridge between the customer and financial service providers, creating the requisite relationships among the links in supply chain. In addition different schemes and product portfolios to attract customers are continually being worked upon.The Starting Platform:The pursuit begins at the senior management level. If they approve your offeri 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 cus Managing Change - Trust, Integrity and Change u 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.Imagine sitting in an HR Managers office, a Director of Human Resources discussing a change project gone bad and he tells you, “I’m glad I travel, I hate people coming in to my office.” That actually happened on one project and the guy worked for a big, glamour Company and was in charge of a large division of the outfit. As a partner of mine said when I was relating the story, “He must be the Director of Non-Human Resources.Yet I see it everywhere I go. In the case above the change was major, the moving of the headquarters to another site a world away. The subjects of the change were long tenured employees who loved the company and their jobs. It was being moved just like the recent Halliburton announcement of going from Houston to Dubai to save money on taxes. This was similar.Now when I come in my work is to get people at this point to move on with their lives. I tell them that ‘it is what it is’. And that’s true, ‘it is what it is’. The place is moving regardless of how you or I feel about it, or whether they did a good job of handling the communications, which they rarely do. But this case hammered home a point that I see on every change project … leaders lose their integrity by failing to keep their word and insult the intelligence of their workers.When I go in to help the people ‘move on’ the first thing I hear is “You can’t trust these people, they have no integrity”. So I listen. What do I find? It’s all pretty simple, you can’t trust these peopl 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 cus Big Box Home Improvement Store Scorecard xample: 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."A comprehensive study of 2000 consumers who shopped and made purchases from Home Depot, Lowes and Menards Big Box stores in 2006 has just been completed by Minneapolis, Minnesota based building materials research firm Market Resource Associates, Inc. (MRA)Consumer respondents had to shop in at least 2 of the chains to qualify for participation and were not paid anything for their cooperation. The out-bound telephone protocol was administered to 56 markets within the 48 contiguous United States between July and October of 2006. The markets and resulting quotas were selected based upon housing activity in 2005. Further, the results of this latest study were compared to results from the same study undertaken two years ago.In the 122 page comprehensive report, the 3 competitors are rated on 29 different product categories to determine which types of consumers shop for which types of materials at which chains. The 3 chains are also rated against 11 very specific attitudinal criteria. These criteria include but are not limited to:„« The store is the absolute best value for my money „« The store is the place I get the most useful help when I need it „« The store values me as a customerAlso studied was?K which chains do consumers enter and in which do they actually purchase? In this regard, Home Depot has slipped; Lowes and Menards have improved over the previous study. In fact, Menards is the highest rated chain for the entered / actuall 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 cus Free Enterprise in Franchising, Show Me? 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?"Free enterprise is where buyers and sellers of their own free will come together in trade through a common monetary instrument. Regulatory bodies such as the Federal Trade Commission are completely oblivious to free markets and free enterprise whenb it comes to franchising. If a franchisor is forced to offer or send out information of an offer to a “prospective buyer” that he is unsure that he even wants to do business with, then in fact it is not free enterprise. It is forced enterprise. When Government is forcing one party against their will to do business with another party whom they are not sure about, that is not free enterprise, actually it is not even close.Franchising is not a toy at one of the remaining mall location Toys R Us stores sitting on a shelf where anyone can walk in and view it and the price is set. This is franchising and it consists of many other issues. It is an ongoing relationship, which might span 20 or more years. You would not marry a person or propose a marriage until you felt you knew the person better. Franchising has been described as a marriage by many organizations such as the SBA, SBDC, FTC, IFA, AAFD, Women in Franchising, AFA, NFC and others. In college textbooks I have often seen the statement comparing Franchising to a marriage.The late great “Dave” founder of Wendy’s in his book describes it as a marriage. It is also in other books I have read. When giving speeches at colleges to business students I have used thi 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 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 customer
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