“Why Just 8% of Businesses Get 60% of the Sales!” Marketing and Sales- Lack of Systems / Processes and Structure. No method for improvement and replication. Develop, Enquiries/Leads, Conversions, Optimise and Maximise – Structure, Processes, Systematise. Basic elements first.
What’s the Difference? Delivering your honed message
Control Delivering your honed message
DIAL Business Growth System ® DIAGNOSE DEFINE INFORMATION INSIGHT ANALYSIS ACTION ACCELERATE LEVERAGE LIFT LONGEVITY
Two things you REALLY need to do…
Differentiate Your Offering How do you stand out?
What does your customer really want?
Identify their real needs, fears and frustrations … Insurance? …and address them!
What do your customers need to make a fully qualified decision? CONFIDENCE How do you give them confidence? Information, education, understanding and appreciation. What do they fear? Making the wrong choice. Not getting value.
Use understandable language Not jargon Don’t make assumptions
For those using online SEO
Explain how your product solves customers’ problems or improves their situation (relevancy) Deliver specific benefits (quantified value) Tell your ideal customer why they should buy from you and not from the competition (unique differentiation)
Exercise 1: What are the three primary reasons your clients might need your services? What are their biggest fears? What are their biggest frustrations?
Take people behind the scenes
“Make the invisible visible” How It’s Made
We do ‘X’ ... Which means ‘Y’ ... So that ‘Z’
WIIFM? Why tell them?
No Advertising Directories Direct Mail Word of Mouth Website/SEO Google AdWords Email Broadcast Telemarketing Networking Exhibitions Seminars Leaflets/ Flyers Phone Call Inform. Follow Up Meeting Quote Present New Client No 90 Events Conversion System Newsletters Offers Temp. Check Calls 100 10 80 40 30 33% 80% 100% 50% 75% Magic Moments Client Nurturing Cross Sell
Where are your real growth opportunities?
The Geometry of Business Growth Number and type of clients Average Transaction Value Frequency of Purchase 30 £1000 3 £90,000
The Geometry of Business Growth Number and type of clients Average Transaction Value Frequency of Purchase 30 £1000 3 £90,000 20% 36 £1000 3 £108,000 (+20%)
The Geometry of Business Growth Number and type of clients Average Transaction Value Frequency of Purchase 30 £1000 3 £90,000 20% 20% 20% 36 £1200 3.6 £155,520 (+72.8%)
90 Day Contact Cycles 90 Day Contact Cycles 0 3 6 9 12
When it comes to winning new business… “No” is not always “No” When it comes to winning new business… 44% give up after the first “no” 22% give up after the second “no” 14% give up after the third “no” 12% after the fourth “no” 92% of all companies involved in winning business give up after four “no’s” *Bain & Co.
Yet, 60% of clients will say “no” at least 4 times before they say YES
Exercise 2: What does your client need to look for? What should they avoid? What key questions should they ask?
No Advertising Directories Direct Mail Word of Mouth Website/SEO Google AdWords Email Broadcast Telemarketing Networking Exhibitions Seminars Leaflets/ Flyers Phone Call Inform. Follow Up Meeting Quote Present New Client No 90 Events Conversion System Newsletters Offers Temp. Check Calls 100 10 80 40 30 33% 80% 100% 50% 75% Magic Moments Client Nurturing Cross Sell
75% response to mailer 37.5% bought Sales of £540,000
51.8% increase in conversion rates
300% increase in turnover
Our fees 28% higher than competition Sales up 30% Market share grown by a further 9% Withdrawal rate reduced by 25% so 25% more of the work being done is paid for Time taken to sell properties reduced by 22%
DIAL Business Growth System ® DIAGNOSE DEFINE INFORMATION INSIGHT ANALYSIS ACTION ACCELERATE LEVERAGE LIFT LONGEVITY
from Profitable Marketing Ltd cbh@profitable-marketing.co.uk