jazzymellow.com jazzymellow.com
   Main >> About Us >> Security & Privacy >> Terms of Service >> Place Your Link >> Add Your Article
Search:   
Add Url
 

Self Healing

Law & Politics

Sports & Adventure

Hotels & Travel

Recreation

Online & Board Games

Banking & Finance

Fashion & Relationships

Issues & News

Eating & Drinking

Business & Services

Shopping Online

Science & Research

People & Society

Health & Therapy

Employment & Careers

Computers & Networking

Healthcare & Medicine

Teens & Kids

Home Family & Garden

Creative Arts

Academics & Learning

Automotive

Realty & Property


 

Main › Business & Services › Marketing
 

SuperSize Your Sales!

 
Author: Lorraine Ball

If you want to build loyalty is it more important to increase purchase frequency or purchase volume? In their book, "Meaningful Marketing", researchers Doug Hall and Jeffrey Stamp concluded that focusing on purchase volume is 3.9 times more effective when trying to build annual loyalty.

Why? Loyalty is not static. Your competitors are always out there, trying to make even your best customers try something new. The research shows that it is best to strike when the iron is hot! When the customer is in a buying mode, help them buy. You may not get another chance later. Hall and Stamp recommend that business owners follow the lead of McDonalds, and think about super sizing the offer.

Give your customers a reason to buy more!

When your customer is ready to buy, give them incentives to purchase more. Long term contracts or larger packages offer you more profit, so pass along some of the savings to customers. Offer incentives, such as discounts on multiunit purchases, to encourage them to buy more now.

Do you want fries with that?

Every time you walk into a McDonalds, and order a hamburger, the person behind the counter asks, Do you want fries with that? By simply training their employees to ask the question, McDonalds increased their sales dramatically.

The same technique can grow sales for your business. Do you routinely offer accessories and extra services with every sale? Are these options clearly listed on every proposal with the benefits spelled out for your consumer? If not, it is time to revise your proposal. The research shows that if you dont mention it up front, you may not get a second chance.

The Meal Deal

McDonalds discovered most customers wanted a drink, fries and sandwich. As a result, they developed a pricing structure that was so attractively that almost everyone buys a # 1, 2 or 3.

This concept can work for you as well. Bundle accessories and service contracts into the purchase price as standard. Discount the your package only slightly when you leave out an accessory and most consumers will buy the whole package.

Offer Free Stuff This bundled approach allows you to offer an extra service ( which costs you very little) free with complete system sale. This bundled approach will help you set yourself apart in the market place as well.

Dont stop with the Meal - Offer a Complete Package

Another tactic is to view your product from the customer's perspective. What will they need to maximize the use or enjoyment of your product or service? If you offer these related products, either directly or through a strategic partner, your customer has fewer reasons to go elsewhere.

What types of services should you offer? If you sell a product to new homes, consider offering a $25 coupon for a landscape company or nursery with every system you sell. Or maybe a gift certificate for carpet cleaning, or floor refinishing. Your customers will appreciate the little extras.

These extra services dont have to be an expense item for you. Many companies pay referral bonuses. Talk to service provides about giving you the coupons for free instead of the referral bonus. And, if you are smart, you will give them coupons for your services as well.

These are just some examples of ways to grow you your business by building customer loyalty. For other ideas, simply observe successful companies in industries very different from HVAC, and you may learn other ways to Supersize your business.

Author Bio:
Lorraine Ball is a renowned writer. Lorraine likes to compose articles about this field.
You can search for this article using: internet marketing, search engine marketing, online marketing, online marketing business opportunity
 
 
 

Related Articles

 
Time Management - How to Have Productive Meetings
 
Creativity and Innovation Management: Generating Better Ideas
 
Amateurs
 
You really can Have Success Working at Home
 
Selling a Small Business
 
How To Find The Best Affiliate Programs
 
Boost Your Productivity, Networking and Sales: Make an Impression
 
Sales Training Tip # 26; Cold Call or Sales Call Interruptions
 
Why Would Anyone Do That in My Meeting?
 
A million dollars in 4 months?
 
 
 
Main >> Security & Privacy >> Terms of Service
© www.jazzymellow.com - All Rights Reserved Worldwide