Before You Quit, Recommit

Written by David Goldin


Instant gratification should never be part ofrepparttar marketing scenario. That isn't to say that once a marketing campaign has been launched we won't welcome instant results, but more times than not, it takes a bit more grit to push a campaign toward it's desired results. Many, many business owners quit their marketing strategy before it has had a realistic amount of time to really work. Rather than quit your campaign, tweak it. Adjust, be flexible, and track results for a committed period of time. Just because it isn't working, doesn't mean it won't work.

So before you quit, recommit by evaluating your strategy as follows:

1. Isrepparttar 121355 campaign diverse enough? Don't depend on one element in marketing to getrepparttar 121356 job done. Often it's diversifying that makesrepparttar 121357 biggest impact. In other words, don't just put out classified ads. Consider solo ads, opt-in email campaigns, newsletter publishing, article publishing, article syndication, affiliate programs, etc. Putting your name out there by every conceivable means will enable you to increase exposure and pull in results.

Consumers begin to feel they know you because they keep seeing you pop up. This in turn creates confidence in your buying audience. Plan a campaign that is several levels deep instead of depending on one avenue to bring in business.

2. Are you tracking results for each campaign? Tracking does not mean justrepparttar 121358 acquisition of a sale. Aha, I got a sale therefore it must be working. This isn't not tracking simply because you have no idea which method brought inrepparttar 121359 sale.

Use coded URL's for each campaign to trackrepparttar 121360 real time results. It's as easy as adding a little coding to your domain name in repparttar 121361 ad. Have your technical person help by setting up tracking URL's to utilize in all your campaigns. Keep each tracking system separate for each campaign so that you can monitorrepparttar 121362 results. Then giverepparttar 121363 campaign time to send you real results. Often you need two to three weeks before you can determine if a particular advertising method is working. If it isn't don't abandon ship just yet.

3. Are you hitting your target market? The most frequent problem with an advertising campaign isrepparttar 121364 market you are targeting. If it is off, even just slightly, it may flop horrendously. If a particular marketing campaign is not pulling leads that turn into sales, look closely to be sure that you are indeed hitting your target market? Evaluate who is reading your ads or promotions and if these people arerepparttar 121365 very best people to market your service or product. A little adjustment can go a long way toward increasing sales.

The Only Three Ways to Increase Money Coming Into Your Business

Written by Karen E. Hipp


The Only Three Ways to Increase Money Coming Into Your Business

In my consulting business, I'm often asked for ideas to get more customers i.e.;money) into their business. There are hundreds of ways to do this, but let's go back a step and look atrepparttar basics of what that is, before we get crazy with all kinds of ideas. Long-term growth and profits can only come by increasing money flow into your business and there's really only three ways to do it.

1. Get more new customers. 2. Increaserepparttar 121354 average dollar amount each customer spends. 3. Get your customer to buy more often.

That's it. #1 is pretty obvious. It's what I'm requested to do for my clients allrepparttar 121355 time;get them more customers. However,repparttar 121356 reality ofrepparttar 121357 situation is that what they really want is more money and getting new customers is certainly one way to do it.

You can do this in two ways. Raising prices is one. But, and I know this could be a sensitive area, can you reasonably increase your price points? The only proven way to know if this will work is to check your competitors prices orrepparttar 121358 industry average. Now, if you offer exceptional additions or services than your competitor, you can charge more. But every advertising and image message you send must say WHY you are worthrepparttar 121359 price and point outrepparttar 121360 advantages over other products or services. The cheapest is almost always notrepparttar 121361 best. You'd be surprised atrepparttar 121362 impact a small increase can have on your gross profits by only 5% or 10%.

Ponder these figures:

Let's say you have one product that you sell for 50.00. You raiserepparttar 121363 price ofrepparttar 121364 product by only 5% to $52.50. Your average customer purchases this product 4 times a year, so that's $10 extra per year, per customer. You get about 500 customers per year(500 customers x $10 extra dollars per customer per year) =$5,000. I don't know many people who would turn down an extra $5,000.

But, again, let me caution you. Do your homework and be justified in raisingrepparttar 121365 price. If you feel your current price is right on target, consider adding an additional service to raiserepparttar 121366 price (that is not time consuming). Most people will not balk at a 5% or even 10% increase. Usingrepparttar 121367 above example, let's say you raiserepparttar 121368 price ofrepparttar 121369 product 10% to $55.00. Doingrepparttar 121370 math that's $10,000 more dollars a year in your pocket. Price Points are so important to businesses that you can even hire a price consultant to do this research for you who will suggestrepparttar 121371 right price. Experiment and try this with some of your products.

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