Why your marketing isn’t making you positive ROI and how to use Direct Response Marketing to fix this

Posted by jasoneconomides

A lot of people spend hundreds and thousands of dollars on marketing, and the vast majority of them do not generate any money? Why, because most of them simply don’t adopt a critical techniques called “Direct Response Marketing.

If you haven’t heard of Direct Response Marketing it’s a type of marketing strategy that demands a direct response from your potential customers. You use this strategy to answer questions, present your branding, products and the reason you do what you do. Customers love this, as they are offered the opportunity to respond, whether that be in the way of signing up for a regular newsletter, posting a comment on your facebook page, website blog, or purchasing a product from you.

Okay, so what does direct response marketing actually look like? Well, it comes in multiple forms, including:

  • Direct mail
  • Print ads
  • Radio and TV ads
  • Coupons or other incentives
  • Telemarketing

Some of the advantages of direct marketing are:

  • It’s a great way to use free time during lulls in business
  • It is a productive way to communicate and empower you to create more relationships
  • It is a great way to up-sell and cross-sell to current customers
  • It is a low cost way to rustle up new business
  • It can be used as leverage to turn small sales into large sales
  • It can supplement your current marketing program
  • A Cost-effective way to reach target markets
  • Offers measurable results (Which is very important and useful)
  • You are able to use it to reach outside your local area for new business
  • You can increase the effectiveness of your sales force

These are all great things that can come from just taking a few simple steps to putting together a direct response marketing plan and executing it.

“I honestly don’t think you’ll ever find a safer, lower-risk, higher-profit method of increasing your business or profession than direct-response marketing.” Jay Abraham

Direct response marketing is one of the best ways to launch your business on a large scale and reach out to everyone in your target market whether they are in your local area or not.

This week I have prepared a special supplementary tutorial video showing you a visually what the process looks like in reality, and also have made available two sample Direct Response Marketing funnels that you can use immediately.

Download this week’s free step-by-step “Build your own Direct Response Marketing MACHINE!” tutorial HERE.

Until next week time!

Dedicated to your success!

Jason Economides

E-Class #27: How to Offer a Strong Guarantee

Posted by jasoneconomides

I have recently been part of a conversation on LinkedIn, where we were talking about offering guarantees.  E-Learning Marketing system members receive, amongst other things, a series of 52 weekly e-classes covering different marketing tactics.  I have decided to post E-Class #27, which covers how to offer strong guarantees to convert prospects to paying customers, free of charge in this here blog.  Enjoy!  Jason

E-Class #27: How to Offer a Strong Guarantee

Risk reversal increases buyer confidence and encourages completed transactions.

A lot of the businesses I work with don’t have a risk reversal strategy, and aren’t really familiar with what one looks like, or the power it could have over their conversion rates.

Each time a customer completes a transaction, they leave your store or website with 99% of the risk associated with the purchase. Even if you overcame all of their objections and answered their questions about the performance of the product, the moment they hand over the money they lose their leverage.

If the product doesn’t do what you say it will, or if it breaks down, your customer has parted with their cash and hasn’t received the promised results. They’ve lost – or wasted – money.

So, risk reversal simply means taking the purchase risk away from the customer, and taking it on yourself or your business. When your business allows customers to make purchases without fear or doubt, you will encourage them to make decisions, spend money and complete sales because there is less at stake.

And whenever you can encourage more customers to buy from you, you will boost your conversion rate and your average number of transactions. So, offering a strong guarantee is a strategy that will increase conversions as well as repeat business.

In this E-Class we will cover:

  • The relationship between risk reversal and conversions
  • How to use guarantees in your business
  • How to handle returns and claims
  • A step-by-step process for creating guarantees

A strong guarantee will reverse purchase risk and increase your conversion rates.

Essentially, guarantees take qualified leads and quickly convert them into repeat customers. When you guarantee what you sell, you take away the purchase risk from your customer and assume it yourself. When the purchase risk is taken away from the customer, they are more likely to agree to make purchases and you will close more sales.

People don’t like to be wrong, or feel that they have been misled. They want to be sure that they made the best decision when they purchase a refrigerator or a new pair of shoes. They want the products and services they buy to actually deliver the results and benefits advertising. They are afraid of making the wrong choice when they spend their money.

When you provide a guarantee, you break down these natural barriers in the sales process, and the fear inherent in making large purchases. Guarantees usually shorten the sales process altogether because there is less need for discussion about objections. The customer feels that they can try the product out, risk free.

The best guarantees are big and attention grabbing, but still realistic. Like this one:

Guarantee

 

 

They’re bigger and better than the competition, but still something you can actually stand behind. They tell your customer that you have confidence in your product, and that you “must be good at what you do” or you wouldn’t guarantee it.

Guarantees and hassle-free return policies are also becoming the norm amongst many retail businesses and even service providers. There is a growing consumer expectation for returns policies that default to the opinion or experience of the customer. A guarantee or easy return policy can be the difference between choosing one business over its competition.

But aren’t you worried about unhappy customers? Won’t you see a pile of returns and service claims?

When I suggest implementing a risk reversal strategy to my clients, most of them are a little concerned. Most of them say something like, “sure, I’ll increase sales with a strong guarantee, but won’t the increase in returns and service claims put me out of business?”

This is a valid concern. Of course there are going to be customers who come back to you unhappy, or who want to take you up on your promise or guarantee. When you offer your customers a strong guarantee, you need to make sure that you stand behind what you are selling and believe in the benefits or results you’re promising.

Don’t guarantee anything you don’t believe you can deliver.

Before you even think about guaranteeing results or benefits, you need to make sure that you stand behind what you sell 100%. You need to believe that your offering is a quality product or genuine service that is of value to your target market.

If you’re concerned about the quality of your products or the service you provide, consider making improvements internally before you promise anything to anyone. If you employ staff who perform a service, make sure they’re qualified and skilled at what they do. If you sell merchandise, put stronger quality controls in place, or consider buying from other vendors.

The reality is that you will get returns. Some customers will come in to scam or to take advantage of you, and I’ll show you how to create a system to handle this. However, the point of offering a guarantee is to increase conversion rates (and revenue), so as long as the increase in sales is greater than the cost of the returns and claims, the strategy is working.

The majority of your customers would never take advantage of your guarantee.

The second important point I want to make is that most customers are too lazy or afraid of confrontation to take you up on your guarantee – regardless of how satisfied they truly are.

Your customers are too lazy to return to your store or send back the item they purchased. The same goes for services. Most let the specified time period go by, and simply forget about your promise. You may have even done this yourself.

Also, the level of confrontation involved in returns and service claims is usually more hassle than the customer is willing to deal with. Telling someone that you don’t like their product or service can be challenging, and many don’t have the confidence to do this.

So, once you’re ready to stand behind what you offer, work through my easy, step-by-step process for creating your guarantee.

1. Decide what you are going to guarantee, and what you will offer customers if the product or service doesn’t deliver.

Based on your knowledge of your target market, brainstorm a list of things that they look for or value in your products and services. Then, brainstorm a list of things that may frustrate them about the purchase experience in general. Perhaps they hate it when contractors show up late, or when take-out takes forever to arrive. Or, maybe it irritates them when they open a product package and items are missing or broken.

Here are some questions to ask yourself when brainstorming for your guarantee:

  • What does your target market value most about your product or service?
  • What frustrates your target market about your industry, or product line?
  • What objections do potential customers raise most often?
  • What is the level of risk that your customers take on in a purchase?
  • How much time do customers need to truly evaluate the product or service?

Guarantee results, not features or benefits.

As I’ve discussed in earlier E-Classes, people buy results, not products or services. You buy younger-looking skin, not a spa facial. You buy a fresh-cut lawn, not a built-in lawn sprinkler system. Therefore, the strongest guarantees are made on results not features or benefits.

Take the items in your brainstormed list and identify a number of things that you can guarantee won’t happen or will happen. Don’t be afraid to think big – you can promise a lot more than you think. Once you have chosen a few things you can guarantee, make sure you:

  • Get detailed. Be clear about what you are guaranteeing, and phrase your promises carefully. Different words mean different things to different people, so ensure you are claiming something measurable. Two customers may have different ideas of what makes a product “work” or “last a long time.”
  • Get specific about timeframes. Give customers a realistic amount of time to experience the product or service – very few companies can guarantee any product or service forever. Usually 30-days to 90-days is an adequate timeframe, depending on the purchase. This gives customers a deadline, and protects your business.
  • Are bold, yet realistic. Don’t be afraid to get a little unbelievable you’re your guarantee – it will grab your customers’ attention and may make you stand out above the competition. Just be sure to be realistic and make promises you can deliver on.
  • Clearly explain compensation. If the product or service doesn’t do what you say it will, what will the customer get, or how will you resolve the situation? Make this a big part of the guarantee, be specific about money, and try to go above and beyond a simple money-back refund.

Here are some examples of strong guarantees:

  • All of our products are guaranteed to make you feel stronger and healthier in seven days, or double your money back – no questions asked.
  • Our services are guaranteed to be the lowest in the region. Find a lower price, and we’ll beat it by 20%.
  • You’ll be completely thrilled with your haircut and color treatment, or we’ll make it right, right away, at no extra cost to you.
  • Buy any product in the store and test it out for 30 days. If for any reason – or no reason at all – you’re not completely satisfied, return it for a full refund.
  • We guarantee you won’t find a lower price in town – or we’ll pay you double the difference.
  • If you find any defect in our installation within 90 days, we will fix it within a single business day at no extra charge, guaranteed.

2. Tell your customers about your guarantee.

Just like you did with your marketing message and your powerful offer, put your guarantee in places where your customer will read about it.

Include guarantees in your advertising, on your website, on receipt tape, in-store signage and newsletters. There are also many small ways to place visual reminders of your guarantee around your business. For example, put a small sticker that says “results guaranteed” on your merchandise or price tags, and modify all in store signage to mention your promise.

You can also send a newsletter or email to your database of existing clients to let them know about the new guarantees. You may encourage past customers to return, and single-transaction customers to become lifetime customers.

3. Train your staff on the details of the guarantee.

Script the details of your guarantee as part of the sales process to give your staff an easy guide to follow. Be clear on what is guaranteed, what the guarantee covers, and the process for claiming the guarantee in the unlikely case the customer needs to. If you decide to offer different guarantees for different products or services, make sure those differences are made clear.

In most cases, your employees will be the ones on the sales floor, using the guarantee to boost their sales targets. It’s easy for a staff member to make broad or false claims during the sales process to earn the sale, but it may result in an increased number of unhappy customers coming back to return the item.

Clear, in-store signage that promotes and describes the details of your guarantee can be a helpful tool for both customers and staff. It will act as a visual reminder of the guarantee, prevent staff from making false claims, and allow customers to read the ‘fine print’ if they have detailed questions.

4. Have a plan for returns and claims

Create a system to handle any returns or claims you may receive as a result of your guarantee. Ensure your staff is trained to deal with upset customers, and that you gather as much information as possible from unsatisfied clients.

Create a standard claim form.
Have every customer who makes a claim or returns a product fill out a standard form with contact information and details about the purchase experience. This will prevent return fraud and help you collect valuable information about your products or services, and about your guarantee.

  • Name
  • Date
  • Contact Information
  • Salesperson
  • Product
  • Reason for claim
  • Comments
  • Follow-up

Create a claims log.
Use a filing system or log for all claims and returns. Organize claim forms by date so you can review them on a regular basis and identify any patterns or issues that need your attention. You may need to make your guarantee more specific, or address any performance issues with the manufacturer or service provider. Claims should also be noted in each customer’s file.

Go ahead and guarantee the products and services you offer, and show your customers that you stand behind your claims.

Big, bold guarantees generate the best results, but if you’re hesitant, test the waters with something you’re comfortable with. Perhaps start by guaranteeing a new product or service instead of including a guarantee with everything you offer.

Remember to have a system in place to test and measure the conversion rate on your guarantees, as well as a claims system to monitor returns. If a particular product or service is seeing a high number of claims, you may need to modify your guarantee.

If you have not already requested your free series of videos that show you how to use three specific marketing tactics to bring in more leads and prospects into your business, without spending a cent on marketing PLUS our “3 biggest lead generation mistakes that small business owners make, and how to overcome them all” video that shows the specific formula ALL of your marketing must follow in order to be effective, then simply go here: https://www.ecobusinessacademy.com/leadgenerationmistakes

Scheduling Software: The Way to Grow Business, Decrease ‘No-Shows’

Posted by jasoneconomides

Since 2007, we have been using an appointment-booking system called Appointment-plus, to book appointments with all our clients.  It reduces no-shows, cancellations, and even follows up with clients regularly to make sure we stay on track. In fact in all the time we have been using the system, over 6 years, with over 1000 appointments, we have had less than 10 no-shows.

I was going to write an article on the system, but Eric Richard, Appointment-Plus‘s in-house PR guy, is far more eloquent!  This system is fantastic for many businesses including:

Coaches – Personal Trainers – Chiropractors – Hair Salons and spas – Accountants – Careers departments – Consultants – Mechanics  ….in fact anyone who books meetings by the hour, but have many many clients, will find this software a life-saver.

(This article, written by Eric Richard has been reproduced with kind permission from Appointment-Plus)

Salon Scheduling Software: The Way to Grow Business, Decrease ‘No-Shows’ – By Eric Richard

The ultimate goal of any salon owner or operator is to develop a successful business that provides stellar service to its customers and generates increasing revenue. But like other service-based small businesses, the ability to efficiently manage operations and streamline necessary processes can be a roadblock to reaching this goal.

This is especially true when it comes to managing appointments, which for many salons is a tedious and time-consuming task. But for those salons that have implemented online salon scheduling software, this one-time burdensome process is now a vehicle for increasing sales and running a more effective business.

A WAY TO GENERATE REVENUE

Salon appointment software takes the pain out of manually scheduling customer salon appointments by taking the process into “the cloud”, instead of relying on outdated methods such as taking appointments by phone and managing them in a paper appointment book. By cloud, we mean utilizing Internet technologies instead of programs confined to an individual desktop computer or network. Online salon scheduling software is securely housed on external servers and accessed and managed in the same manner as e-mail, social media pages or Web pages.

And it’s this characteristic that creates a tremendous value to salon operations, as it gives them the ability to automatically schedule customer appointments online, 24 hours a day.

Regardless of the type of business, today’s customers are utilizing their laptops, tablets and smartphones to connect with service providers. And they’re looking for more than just basic information. They want the ability to conduct transactions with the business, whether it’s purchasing an item, chatting with a business rep, or, in the case of salons, scheduling an appointment online when it’s most convenient for them.

Salon appointment software accomplishes this by giving salon owners and operators the ability to place a “Book Now” button or link on their business Web site, social media page, newsletter, e-mail or any other Web form. Once a customer clicks on the button or link, they instantly access a scheduler page that typically allows them to choose their stylist of choice, specific service, and day/time of the appointment.

Once booked, the system will automatically confirm the appointment details and send the customer a confirmation e-mail. The information is instantly registered within the system, without any action on the part of the salon staff.

This makes salon scheduling software a true customer benefit. It can also be a revenue-generator, as it enables a salon to stay open 24 hours a day. Many customers simply do not have the ability to pick up the phone during a salon’s normal business hours. Without an online scheduling solution, their options are limited. They must either leave a message and hope that a salon staffer will return their call or try to make time during their busy workdays. Either scenario has the potential for creating lost revenue, as convenience is key when it comes to service-based businesses. These same customers could quickly view availability and book their appointment times online if offered an online way to do that.

The result: more booked appointments, less staff time devoted to managing appointments, happier customers, and more revenue!

DECREASE ‘NO-SHOWS’

Another benefit of salon appointment software impactful to operations and revenue is its ability to dramatically reduce ‘no-shows’. As any salon owner or operator can attest to, filled appointment slots mean revenue, and when customers fail to make their appointments, the result in lost revenue, as that slot could have been filled by another customer. It also impacts staff assignments and pay, as missed appointments leave stylists with an empty chair and missed revenue.

Salon scheduling software is a no-show slayer, as it automatically sends a booked individual an e-mail or text message reminder prior to his or her scheduled appointment time. Not only is this a convenience for the scheduled person, studies show that it can decrease the no-show rate by as much as 75 percent.

This feature is dually-beneficial: customers are reminded of their appointment time, and businesses help reduce the dreaded no-show rate.

When it comes to properly managing appointments, salon owners shouldn’t leave it up to chance. Implementing salon appointment software takes strain of booking appointments out of the hands of salon staff and into an efficient online process.

Eric Richard is the senior public relations specialist for Appointment-Plus, an online appointment scheduler that has booked over 100 million appointments and reservations. Launched in 2001, Appointment-Plus was the industry pioneer in online scheduling software, utilizing the software-as-a-service (SaaS) business model since its inception. Today, Appointment-Plus is the worldwide leader in mobile and online salon scheduling software with three million appointments booked every month and nearly a billion dollars in commerce conducted annually through its system. Its Scheduling Cloud API also enables larger organizations to build custom applications on the powerful Appointment-Plus engine, while its integrated Marketplace allows businesses to easily interface with Microsoft Outlook Calendar, Google Calendar, Constant Contact, QuickBooks and other popular business tools to help businesses and organizations manage their operations more effectively, productively and successfully.

Article Source: https://EzineArticles.com/?expert=Eric_Richard

Original Article Source: https://EzineArticles.com/7485319

Getting to the top of google is difficult, without the right help….

Posted by jasoneconomides

Are you looking to get to the top of google in your industry? Then you need to get your social media platform going.  We have a sister website, www.ecointernetacademy.com, and you can download 10 free videos covering:

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Judging a book by its cover: Why customers DO judge you by your appearance and how a personal professional branding expert can make ALL the difference

Posted by jasoneconomides

Gill Hicks is a well respected NLP expert and Personal Professional Branding Expert, and it was through Gill that I first got involved with NLP.

Gill helps hundreds of people every year, maximise their chances of success in meetings by making massively important changes to the way they look, act and speak. Gill also runs her own personal branding business, called Positive Potential.

Like you, I was curious, to understand why dressing for success is so important, and how you can improve your chances of success in meetings just by wearing the right clothes. Gill agreed to take some valuable time out of her schedule, to share some of her pearls of wisdom with Eco Business Academy.

Here’s what Gill had to say:-

Eco Business Academy: Gill, Firstly thank you so much for taking the time out to share your views and your experience with Eco Business Academy’s readers. Gill, can you explain to us what an Personal Professional Branding Expert  is and why we all need one?”

Gill Hicks: I’d like to start by saying we don’t all need one, Jason! We are born with ‘perfect dress sense’ and it is this dress sense that tells us when we have made the right purchases – they are the items we love wearing, they make us feel good and more confident. Some people are really in touch with this dress sense – they love and wear everything they buy and they always look good.

For most, it is the 80/20 rule, they wear 20% of their wardrobe 80% of the time – it is these people who would really benefit from a consultation. Not only is this type of wardrobe a huge waste of money, but the biggest waste is people going around much of the time feeling very mediocre – what a waste of life! An Image Consultant will demonstrate a wide range of colours, styles, accessories, and textures to harmonise with their client’s colouring, shape, personality and lifestyle so the client can then confidently purchase items that will appeal to their dress sense, will make them feel and project an air of greater confidence.

The image consultant should give advice on dressing appropriately for their client’s working environment and career aspirations. If you have any doubts, then a consultation would be a very sensible investment, reaping huge financial rewards by raising the chances of converting prospects to customers more quickly.

EBA: You work with a wide variety of professionals, and I’m sure there are certain expectations depending on which industry someone is working in. Perhaps it might be useful for our readers to see some contrasting stories, for instance someone in financial services, and someone in Information Technology. What are some common themes?

Gill: Yes, I have worked with thousands of individuals from a huge range of industries. Well within Financial Services there are obviously a wide range of cultures – from back office to front office, traders to H.R. etc and from private banking, hedge funds, investment banking, retail banking and so on. An appropriate style of dress is slightly different amongst all of these, so what could I helpfully say is a fairly common theme?

I see a number of people dressing at a level they have come from rather than investing in the level they are aspiring to. Think of the Tesco Value range packaging versus their Finest range – we believe the quality of the packaging reflects the quality of the product inside – we respond to people in much the same way, it is quite simple really.

So up the quality and aim to dress to the ‘highest common denominator’ for the audience’s culture and prepare to try on dozens of suits until you find one that really makes you feel great – or ideally go for made to measure.

I.T. is another story altogether! I think it is fair to say that appearance will be less influential in meetings for technical, non managerial meetings than in almost any other sector I can think of. However, a good ‘technician’ is somebody who has a certain amount of creativity, is results focused and detail conscious – so think of trying to reflect these qualities in your appearance with particular attention to a high level of maintenance (i.e. everything clean, polished and contemporary).

The common theme I have noticed amongst the IT profession is poor attention to detail in their appearance.

EBA: (Adjusting my tie and checking my hair) Great thanks Gill, that’s really interesting stuff. What sort of motivating feedback from clients can you share with us, after they have come to see you for a consultation? How does it help inner confidence and results in meetings?

Gill: I have a stackful of letters from clients – I keep them all! I hear that not only have clients received far more rapid success than they could have imagined, but the thing I love is hearing how confidence levels have soared – it always gives me a little shiver, and of course it impacts on every part of their lives.

It is difficult to attribute meeting success directly with a client’s consultation, but since first impressions happen within a couple of seconds, and having talked to possibly hundreds of ‘interviewers/prospective purchasers’, I can confirm that in many instances a decision as to ‘this one looks very promising’ or ‘this is going to be a waste of time’ is frequently taken instantly they see the candidate — before the meeting has ‘officially begun’ and that first impression really impacts on what the prospect then ‘hears’.

Appearance and body language is all they have to go on at that first impression stage, so appearance is crucial.

EBA: Wow, well we had better make sure we get it right then. As I’m sure many people reading this won’t have the opportunity to meet with you in time for their next presentation meeting, can you give us two crucial dos and don’ts, that will have an immediate impact?”

Gill: Do have a good clear out of the wardrobe, discarding or putting to one side anything that you wouldn’t want to wear on a ‘good day’. Check you have enough really ‘feel good’ items to be able to ring the changes for up to 3 presentations with the same firm, and diarise what you have worn where as it is easy to forget if you are meeting with several prospective clients.

Don’t wait until you are called for a meeting to race out to the shops and buy something new – it will almost certainly be a mistake if bought in haste. You WILL get meetings, so do some research shopping first and don’t get tempted by buying too early with an ‘it will do’ attitude wait to you find something that makes you feel great.

EBA: We’ll all take your advice Gill! Finally, if someone wanted to find out more about your services, do you have a website they can visit, or a way they can contact you to ask a question or three?

Gill: I’d be delighted to answer any questions and can be emailed on [email protected] and they can go https://www.gillhicks.co.uk

Thank you Jason, and good luck to all your followers!

EBA: Thanks Gill, I’m sure they all appreciate the advice! I’m off to clear out my wardrobe! Now where are those leather trousers…….?