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#5 I loved your product, what else do you have to offer. Here's a big sales loss. You didn't develop your "back-end" sales strategy. It's extremely important before you sell your first product to already have your follow-up product at door and waiting. If your customer has purchased from you once, there's a good chance they will again. You have already established a certain kind of trust with your customer. Don't let them down and never rely on one primary product to carry your business. Product development is an integral part of any business. If you want to stay in business keep your present customers coming back for more.
#6 Use truth to sell your way out of trouble. Every business will run into this problem sooner or later. No matter how good you are, you are bound to promote a poor marketing campaign or product. When you need a fast way to stimulate sales for a product that is not selling, try truth. But know how to use truth to your advantage. Tell your customers that you have an overstock of product. Tell them you selling product at cost or below cost. There is a viable market of bargain hunters out there. Two common approaches are "Reward" and "Introduction" techniques.
The reward technique might look like this: Because you are one of our VIP Customers, we want to offer you this special price..... or As a special Limited Time Introductory Price we......
#7 If It's Not Broken....Don't Fix It! Why do marketers feel need to change a marketing strategy that works. The fact is, they become bored with seeing it, and by that token they wrongfully assume consumer is also tried of seeing it, even though sales are same. Seems incredible, but happens every day. They fool themselves into thinking that they can foresee end of a successful marketing campaign. If it's making sales it should leave it alone. Now that's not to say that you shouldn't test new marketing ideas, but never drop a winner because you are tired of seeing it or you believe it's nearing it's end. Major corporations and small companies alike have successfully used same marketing campaigns for decades.
I hope this helps in your future marketing decisions.
"Wild Bill" Montgomery http://www.MakingProfit.com We've Featured Over 110 Articles in only one issue of our newsletter. How many do you get in yours? Why Play With Puppies, When The Big Dog Rules! Get The Best In Marketing & Business Information! To Subscribe go to or Email to