Cookie Jars and the Scarcity Mindset ...How They Produce a Sales Frenzy

Written by Kris Mills


It's called "The Scarcity Mindset". As unusual as it may at first seem, it works. The more "unattainable" you make your product or service,repparttar greaterrepparttar 106474 desire is for people to buy from you.

Here are some examples that illustrate this "positioning strategy":

Example 1- Cookies

Many years ago a marketing study was performed involving two jars of cookies.

Two cookie jars were placed at opposite sides of a room. One cookie jar had three cookies in it. The other was filled torepparttar 106475 brim with over 20 cookies.

The cookies in each jar wererepparttar 106476 same. The demonstrator told a story of how tasty and delicious both lots of cookies were and asked everyone to grab a cookie.

90% of people moved towardsrepparttar 106477 cookie jar withrepparttar 106478 least number of cookies in it because they perceived that they must have beenrepparttar 106479 most popular becauserepparttar 106480 cookie jar was nearly empty.

Example 2 - Cosmetics

I have a colleague who is one of Australia's mail order cosmetic kings. He writes his own ads and inrepparttar 106481 "call to action" atrepparttar 106482 end he puts ...

"Strictly limited to 2 per customer only." This simple statement makes a consumer believe that there is a limited supply and that it is a highly valuable commodity, so they buy.

And, they don't buy just one, they often buy two.

Example 3 - Department Store

There's a major department store in Australia called "David Jones". They bill themselves asrepparttar 106483 most Department Store inrepparttar 106484 world. Whether or not this statement is actually true, they are a great example ofrepparttar 106485 art of positioning.

Their display windows are simply stunning. You walk in and are overcome by a sense of elegance. The feeling you get is thatrepparttar 106486 goods are going to be very expensive.

7 Guidelines for Successful Business Development

Written by Justin Hitt


Wouldn’t you like to close more sales? Business development isrepparttar heart and soul of growth in your organization, yet not alwaysrepparttar 106473 easiest thing to do. I would like to share with you seven powerful guidelines that have brought success to my clients especially with their truly qualified prospect.

1. Turn your proposal draft around in less than a week and a completed proposal in two weeks.

Time is critical, in many cases if you do not have your proposal onrepparttar 106474 desk ofrepparttar 106475 decision maker BEFORErepparttar 106476 deadline it is tossed inrepparttar 106477 trash, or at least out of consideration. You want to giverepparttar 106478 decision maker plenty of time to look over your proposal, ask questions, and make their consideration. You cannot give them this time if you take 30 to 45 days to complete a proposal of any size.

2. Send a letter of intent torepparttar 106479 prospect with a quick overview describing your understanding of their requirements.

In many cases,repparttar 106480 decision maker has to get three bids, but if reasonable effort is made an only two are available, they can go with that. Lettingrepparttar 106481 point of contact on your proposal know you intend to bid, you understandrepparttar 106482 due date, and other relevant information about who you are; they will come to expect what you have to send. When you send your proposal it is most likely to be remembered, plus you can resolve any misunderstandings and get contact information exchanged early.

3. Stay constantly in touch with your points of contacts, when requested provide useful information and be availability to answer questions.

Being available at all times forrepparttar 106483 individual considering your proposal is necessary and always welcome. Nothing is more frustrating forrepparttar 106484 buyer than not being able to reach a vendor who has provided a proposal. They have to be able to contact you and quickly arrange a decision. Checking in periodically with your proposal points of contact is appropriate and lets them know you are interested.

4. Ask forrepparttar 106485 sale.

This should be a given, but so many present a proposal, then sit back and say “What do you think?” when they should say “Have we providedrepparttar 106486 information you need to make a decision?” The objective of a proposal is to show a decision maker that you arerepparttar 106487 best candidate forrepparttar 106488 work and that they should pick you. Ask forrepparttar 106489 sale, ask when a decision will be made, and what you can do to berepparttar 106490 company selected.

5. Monitor your calendar for important dates, proposal reviews, and all key events relevant torepparttar 106491 opportunity.

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