Archive for February, 2009

4 Marketing Initiatives To Make This Year Your Most Profitable Ever

1.Establish Key Performance Indicators which measure a variety of financial areas within your business eg. cost per enquiry, cost per sale, profit margins, lifetime value of a client, average transaction value and so forth. That way you have some very clear benchmarks or yardsticks to base any future profit enhancement initiatives on.

Now, against each key performance indicator, write down 4 initiatives you and/or your people can undertake to improve these figures. From there, write down action steps and delegate the tasks. Naturally, it’s important that these KPIs be monitored on a regular ongoing basis to assess
performance.

If you’d like some hands on help, our strategic team can come up with specific marketing strategies and testing programs to help you boost these figures.

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The EASY Factor And How it Drives Up Your Sales

The easier you make it for the reader to respond, the more responses you will get to your ads, your sales letters and all your marketing material - it’s as simple as that.

If you make the reader jump through hoops before they even hand over their cash, chances are they’ll be thinking to themselves, ‘If it’s this hard to deal with them before I become a customer what will it be like afterwards?’

Give people a number of options and more people will respond. Why? Simply because some people don’t like replying by telephone. Others like to order by phone only and the remainder like to deal person-to-person.

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The Power Of Pillar Marketing

When you undertake a campaign you’ll experience a synergistic effect by promoting it via a variety of media. So, if you’re promoting your seminar in the newspaper and you also utilise direct mail you’ll get more responses than you would by running two campaigns promoting separate services.

Why? People may glance at your ad and think, “Mmmm…nah, that’s not for me.” But then they may also receive a direct mail invitation. Because they saw the ad in the paper first, they’re more likely to read the letter and vice versa.

Also, pillar promotion is very important in maximising your reach. For instance, certain people simply won’t read local papers but instead they may listen to the radio or read direct mail.

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The Titanic Two of Profit Taking

Everyone I talk to in business has a profit generating secret for this and a profit generating secret for that. Some have 7 secrets. Others have 10 vital secrets. Others still have 20 or more.

I often get asked the question, “I don’t have time to put in place dozens of initiatives. What are the one or two things I can do to significantly increase my business profits without spending a lot?”

In all my 17 years consulting to small businesses I’ve found that there are (obviously) a number of things businesses can do to achieve profit improvements but two of them stand out as offering a massive impact for a minimal outlay.

Let’s take a look at what they are.

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7 Secrets of Business and Marketing Success

In my opinion, small business owners are true heroes. Not only do they employ over 60% of the workforce but they also have to overcome huge personal challenges to become successful. And lets face it, the odds are stacked against them with 90% of new businesses failing in the first 5 years.

But when you think about it, just about every large business can trace its origins back to one or two people with a good idea.

For instance, Henry Ford started the Ford motor company at around the age of 40 working from his kitchen table. The Google guys, Bill Gates, Steve Jobs and Michael Dell all started much younger and from their bedrooms or garages.

So what makes the likes of Henry Ford, the Google guys, Gates and Dell succeed like crazy when so many of their counterparts are slaughtered along the path in their pursuit of wealth and independence?

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What’s Your Business Attraction Quotient?

At a seminar I ran on Customer Attraction Secrets we talked about the fact that the more attractive your business is, the more customers you’ll attract via word of mouth. We also talked about the Attraction Quotient being a key to that.

Let me explain…

Imagine owning a business that is SO attractive … that you have queues of people lining up out the front waiting to do business with you.

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Marketing and the Universal Law of Attraction

By now, most people have seen the movie, “The Secret”. If you haven’t heard it, I’ll fill you in quickly. It focuses on the Universal Law of Attraction.

In simple terms, “like attracts like”. In other words, what you think about manifests. At a basic level, think great thoughts and watch great things happen in your life. Think insecure, unconfident thoughts and watch your results suffer.

The Law of Attraction comes into play a lot in marketing too.

Most people can remember times like these when you desperately needed to bring in more sales and for the life of you, you couldn’t manage to close a deal. And then there were other times when you went into sales presentations not really caring whether it came off or not, and it was like you had the Midas touch. Everyone wanted to buy.

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The Key To Awesome Advertising Results From a TRUE Legend

Claude Hopkins is clearly a legend in advertising circles. He was the author of Scientific Advertising and also the creator of the famous Schlitz Beer campaign that sent their sales through the roof and illustrated the importance of thorough research.

Here is just one of the pearls of wisdom that Hopkins shared over the years.

“Almost any question can be answered, cheaply, quickly and finally, by a test campaign. And that’s the way to answer them – not by arguments around the table.”

“Ad writers forget they are salesmen and try to be performers. Instead of sales, they seek applause.”

“Whenever possible we introduce a personality into our ads. By making a man famous we make his product famous.”

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4 Urgency Drivers to Maximize Marketing Responses

It’s a fact. Adding a sense of urgency to your copy will give your marketing responses a big boost. Here are four ways to do that …

1. At the end

Obviously, it’s important that you end an ad or letter by asking the person to respond.

2. P.S.

With direct mail or online sales letters, feature a P.S. that reminds them of the urgency of the offer. Also mention again (in a different way) what their lives will be like if they don’t respond to the offer. In both our Direct Mail and our Website Copywriting Courses we talk in depth about the power of the P.S.

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How Does Your Yellow Pages Ad Perform in The “Turn the Page” Test?

1. Does your business name appear in your headline?

If it does, your ad stands a good chance of not getting noticed because you’re not offering a benefit to your reader.

2. Does your photo appear in your Yellow Pages ad?

If it doesn’t your reader can’t really relate to your business

3. Does your ad tell your reader why they should ring you and not your competition?

Standing out from your competition is vital if you want your Yellow Pages ad to work and work famously.

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S*ex and Charisma … How to Use it to Increase Your Sales And Advertising Responses

Picture this …

One summer Sunday afternoon, four guys in their thirties were relaxing with a few beers watching the cricket at the local pub. They were having a great time “downing scooners”, yelling out their own play-by-play commentary of the televised proceedings.

When the cricket match stopped for lunch, two beautiful, blonde, promotions girls walked into the bar. They walked up to the guys and the most scantily clad of the two leant over them and said, “Hi fellas. Having a great time?”, with a big smile and a flirtatious look. “Would any of you like to buy a can of the new X brand Bourbon?”

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3 Important Marketing Lessons from Advertising Legend, Claude Hopkins

By Claude Hopkins and Kristina Mills

Claude Hopkins is widely recognised as the father of advertising. His insights are so simple yet so profound and they apply just as well today as they did decades ago when they were first used.

Here are three lessons, in Claude’s own words. Please note that due to the era that it was written in, the language may be a little dated and that he uses the word “man” instead of “people”.

1. An advertiser suffered much from substitution. He said, “Look out for substitutes,” “Be sure you get this brand,” etc. with no effect. Those were selfish appeals.

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Paul Dunn

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Paul Dunn - Results Corporation & ResultsNet Australia