"To say the meeting got off to a slow start would be an understatement..."

Many years back, I had travelled to Munroe, Wisconsin in the US, to visit the headquarters of The Swiss Colony.  This company is one of the legends of mail order and online catalogue marketing, and still mails tens of millions of catalogues every year.  After some perseverance, I had secured an appointment with the head of marketing and his team to learn how they do what they do, explaining I was researching for a business venture back home.

To say the meeting got off to a slow start would be an understatement.  Perhaps they wondered WHO this guy from the antipodes was, and why they should even give up their valuable time to tell ME their secrets.  And I don’t blame them.

But just when they were glancing at their watches, something changed the whole dynamic of the meeting.  It was a tide-turning ‘event’.

I asked them why they’d dropped a certain feature out of the inside front page of their catalogue.

It’s as if they all froze.  Then the head of marketing turned to me and said, “You know, that has been a subject of heated debate around here.  Some of us battled to keep it, some insisted it had had its day.  But you know, you’re the first person who has picked up on that.  What do YOU think?”

From that point on, they leaned in and asked if I’d mind going through other pages with them. They confided with me on their strategy.  And I was invited to tour closed off areas of their operation. I walked away with far more than I’d ever expected.

The instant change in mood was SO profound, it has stayed with me all these years since.

As far as I can see it, the meeting which they had agreed to, was initially an imposition on their time.  A PR exercise perhaps.  But when I asked a question that got right inside their heads, the walls came crumbling down.  And the more questions I asked, the more we became collaborators with a common purpose.

I fervently believe that business people just don’t ASK enough questions.  Or more to the point, they don’t ask the RIGHT questions.

Asking the right questions might seem simple.  But there’s a trick to it. It’s...

PREPARATION

You see, before I travelled to The Swiss Colony, I had studied their current and back issue catalogues like an archaeologist deciphering the Rosetta Stone.  I had studied what I thought was great about their marketing, and where I felt their weaknesses were.

Which meant, when I got in the room with them, I suspect I knew a lot more about their business than a lot of people they meet who are trying to SELL to them. And they responded positively.

Most businesses just don’t teach their people the awesome power of preparation and of asking questions.  It’s that simple.

How many times have you had someone trying to sell something to you and you know in the back of your mind that they know nothing about your needs? 

Their interest in YOU is superficial.  Their true agenda is to SELL something to you.  Often they don’t ask you questions at all.  Or if they do, they’re not listening, but rather just thinking about what they’re going to say next.

Selling … in ANY form … has to be about asking the right questions, which means diligent preparation before the interaction.

True professional selling is about ‘helping people make informed decisions to buy’.

And that can ONLY occur when you know what they want … and you’ve figured out how you’re going to give it to them.

Sounds ‘motherhood and apple pie’ … but it IS the key to earning more business, at better margins, and building long term business relationships.  Let me say it again …

Most businesses just don’t teach their people the awesome power of preparation and of asking questions. Those who do enjoy the fruits flowing in abundance from the 'cornucopia' of business-waiting-to-be-had.  Yes, especially in the toughest times.

Unitl next time...

Chris Newton

Are you looking for sales in all the wrong places?

We're all interested in ways to increase profits. But, all too often, business owners look in the wrong places for the answers while an abundance of extra profit is being lost right under their nose. They just don't see it leaking away, day after day. Let me give you a real life example.

Some time back, a client came to see me with a marketing problem. He was the owner of multiple tile showrooms. He said the market was hardening, his competitors were undercutting his prices, and he was starting to lose market share. "Chris, I want you to come up with a new advertising campaign. Something catchy and gimmicky that will get our sales up, and fast".

My response wasn't what he expected. Instead of talking gimmicky ideas, I quietly asked him: "Alan, what's your sales process? How does business come to you now? How much of your business is 'walk-in' traffic, and how much starts as an enquiry over the phone?"

Perplexed as to why I was going down this line of questioning, he told me that the market is extremely price focused, and people typically shop around for prices over the phone before they go into a tile showroom.

I asked another question "What percentage of those enquiry calls actually convert to a visit to your showrooms?"

Well, that question really set him off! "Twenty percent would be being generous!" Their average conversion rate was a real bone of contention he had with his staff.

"Alan, what's YOUR success rate in converting callers to sales?".

He fired back, "Look, I run a twelve million dollar business with multiple stores. I hope you're not suggesting I answer the phones!" I assured him that this was not my intention. But I still pressed him for what happens when he DOES answer the phone. "Well, I reckon I get about 80% coming in to buy. But I've been in the industry for a long time. I know my products backwards. And no one has my knowledge in that area."

Perhaps you can see where I'm going with this. Here was an experienced and intelligent businessperson who'd come to me convinced he needed a 'catchy' new ad campaign. But he was looking in completely the wrong place for a solution! What he really needed was something different altogether. Look at the numbers.

Alan was getting 80% conversion to a sale over the phone. His people were averaging 20%. His team's conversion to sales was haemorrhaging badly. My next question really blew the lid off his problem for BOTH of us "Alan, how many people across all your stores take these sales enquiry calls?"

"FORTY!", he answered. He had forty people taking his phone enquiries at a devastatingly low 20%. It meant every time someone in his team picked up the phone, he was losing 60% of his potential sales.
And HE thought he needed an ad campaign!

By training his people to convert, not at 80%, but just 40% I showed him that he'd immediately add some FIVE to SIX MILLION DOLLARS to his turnover. Without a cent more on advertising.
No matter what your business, there's an indelible lesson to be had here. Review your advertising by all means for increased profit opportunities. In fact, during this course, we'll be showing you exactly how to do that. But always look at your current sales PROCESS first. As yourself these searching questions:

Do you actually know what your average 'conversion rate' is? I don't mean 'guess it'. Do you accurately measure it? Do you measure it for each individual? There's great wisdom in the saying, "What you don't measure, you can't manage". As well, do you have scripts to maximise the success of your individual team members on the phone, and in face-to-face sales situations?

And do you have a follow up system to follow up sales that didn't happen right away? And a system to develop ongoing communications with your prospects? Do you programmed approach to ethically re-selling existing clients?

In each of these seemingly innocuous questions is hidden the potential for an avalanche of new sales and profits. But it IS hidden. You won't see the opportunities unless you dissect your sales process and identify them!

Get more tips like this one by joining 'Chris Newton's Strategy Brief Marketing Course'.




To contact Chris Newton, the author of this blog, go to www.ResultsCorporation.com.au

Can you communicate with your customers TOO often?

Most people would give a resounding YES to that. To be honest, we too are very protective of the frequency of mailings we do to OUR clients.

It's interesting to note that one of America's most successful stationary mail order companies used to mail its customers 50 TIMES a year.

The guiding rule must be... only mail someone when you genuinely believe you're offering something they'll appreciate receiving. It's RELEVANCE that matters more than frequency

If you'd like more strategies for business success in this global recession request our free Recession Proofing white paper here.

How to mix a 20 TIMES multiplier ingredient into your ads

It’d be fair to say many businesses don’t advertise (especially in tough economic times) because they believe it ‘doesn’t work’. But here’s the rub. In one of our surveys of businesses, almost NO ONE had done any testing of the elements that make an ad WORK. Most especially, they hadn’t tested their headlines or offers.

It’s disconcerting, not only when you consider that running ads is expensive, but because there’s a massive ‘opportunity cost’ of having ads under perform. Especially when testing these elements can MULTIPLY response by 2, 5 or 20 times.

So what’s a ‘great’ headline?

Great headlines are those that GRAB attention, FLAG down a prospect, and COMPEL them to read on. In stark contrast, most ads just say, ‘Here we are, here’s our contact details’. Boring and useless!

DON’T advertise unless you are committed to creating an ad that performs like an ‘engine room for enquiries’. That’s why we spend a LOT of time in Marketing Help Online teaching how to write great headlines.

A quick idea on how to write a good headline

Try studying the ‘mail order’ ads that appear over and over again in the media. (The Sunday supplements are full of them.) If these ads appear often, and they’re genuine ‘direct response ads’, you can be sure they will have been tested to get the most effective headlines, offers and wording.

You’ll quickly see how these advertisers are harnessing the power of a headline, tapping into human nature, and hitting the right ‘nerve’. You’ll get ideas on how your own headline can be improved. And even if your effort doubles your response, or gets 20% more, how bad could that be?

Hit upon the RIGHT headline and your profits go through the roof.

If you'd like more strategies to help you battle the recession, go to www.resultscorporation.com.au

The hidden profits in a Multiple Contact Strategy

At one of our ‘boot camp’ workshops, presenter US marketing guru Jay Abraham had the entire audience stand up. Then he said, “Please sit down if you responded to Results Corporation’s FIRST letter inviting you to be here”. Some 15% of the audience sat down. “If you responded to the SECOND communication, please sit”. Another 10% or so sat.

After he’d repeated this several more times, there was still some 35% of the people standing! What he had so graphically demonstrated was that unless you have a MULTIPLE CONTACT STRATEGY, you are going to MISS OUT on a massive amount of sales. Especially if yours is a high ticket item purchase. (Our boot camps were $4,500+)

Also, vary your communications. One might be a letter … another a letter and CD, another an email … You might include a series of testimonials, samples of your product or special report, an ‘act now’ offer … and so on. You can have a lot of fun with this and you’ll boost your campaign results!

For more great gems like this one, sign up to my free bi-monthly strategy briefs at: http://www.marketinghelponline.com.au/enterprise/3-membership-sign-up-options.html

You can also find some great 'sample' articles on my website: www.marketinghelponline.com.au

Improve your business' conversion rates

This riveting interview reveals how one business owner improved his company’s sales conversion rate from 1 in 19 … to 1 in 4 …

The interview is just over 12 mins in duration, and chock full of profit making insights to have you challenging YOUR sales processes.

Click here to hear it now: www.marketinghelponline.com.au/1.mp3 (12 mins 18 secs)

For more great ideas, sign up to my free small business marketing strategy brief emails.

Also check out the great sample articles at my website: www.marketinghelponline.com

What ONE element in your marketing has the potential to multiply your results 300%?

What ONE element in your marketing has the potential to multiply your results 300%? In a word, your OFFER. But what constitutes an offer?

It can be a myriad of things… a price reduction, a free trial, a discount coupon, a free information kit, an extra strong guarantee, a free survey or consultation, free seminar, easy payment, small gift, creative ‘value add’ …

One swimming pool company once offered ‘An extra 5ft of pool if you buy in the off season’ …

You need to test different offers for different markets. But they are an easy and simple way to get up to 300% more of your prospects to ACT NOW.

Compare ‘50% discount’ with ‘Buy one, get one free’. Same intrinsic value, but the ‘Buy one get one free’ proposition has performed better time after time. Yes, by up to 300%.

But there’s a catch. Even with a seemingly good offer, all too often the initiative underperforms. Why might that be?

Typically, it’s because the value of the offer is not developed correctly. Or more accurately, the perception of value isn’t fully ‘dimensionalised’. If the promotion simply states: ‘Send now for a free information kit’ … there’s no perceived value. However, if the promotion explains that this free information kit has 14 little known ‘trade secrets’ revealed by leading experts, or that it reveals the 8 most vital questions you must to ask before making a buying decision … or whatever … THEN it becomes more desirable.

By painting the picture of its usefulness and value, it’ll have highly qualified prospects beating the door down… eagerly giving their name and a whole lot of other vital information to get hold of the offer. Which means you’ve now got a database to nurture into customers.

In summary, what separates a ‘good’ offer from a poor offer has a great deal to do with PERCEIVED VALUE you build around it. In some instances, I advocate devoting almost as much space to describing the benefits of the free information kit as to the product or service itself. One ad we ran for a client was all about the information kit offer, and boosted responses 3,000%.

You can check out my website for some great sample articles at: www.marketinghelponline.com

For more great ideas, sign up to my free small business marketing strategy brief.