Smart Marketing Ideas – Add ‘Memorable Value’

“Do what you do so well that they will want to see it again and bring their friends” Walt Disney

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In his excellent book ‘Turn Your Customers Into Your Salesforce’ author Ross Reck quotes the following startling business figures 25 percent of your success in business is getting a sale from a customer another 25 percent of your success comes from getting repeat sales from a customer a walking 50 percent of your business success comes from getting existing customers to recommend and promote you to the friends associates and colleagues.

So how do you get your customers to recommend your business to other people they may know? One proven strategy is to focus on adding ‘memorable’ value to them.

 

Here are some good examples of how to add Memorable Value:

1. The Nuts and Bolts Guy Who Improved Warehouse Operations:

Steve was industrial sales representative and sold hardware, nuts and bolts to industrial accounts. He dealt mainly with buyers in purchasing departments. His products were considered a commodity and he was under constant price pressure.

Now Steve was an engineer, and became interested in warehouse operations. During some extended sales calls, and during some of his weekends, he worked with the warehouse manager of one of his accounts. Together they upgraded the accounts warehouse management system. This saved the customer hundreds of thousands of dollars. His customer was very grateful and gave Steve all his hardware business with little concern for price (as Steve was generally reasonably price-competitive).

The owner of this company and the warehouse manager referred Steve to several other companies in the area and he helped install the same cost-saving warehouse system at some of these companies. Needless to say, he picked up their hardware business as well, again with little concern about pricing. Soon Steve was calling on the owners of companies (not the buyers) all over his territory. He offered the added value service of improved warehouse operations. This was accompanied of course by the purchase of his hardware line. Steve became the most successful sales person in his company.

Take Action

What inexpensive extra service or information could you give your customers that would create ‘Memorable’ Value for them?

2. The Shoe Repair Shop That Makes Life Easier For Customers:

A shoe repair shop adds great value to their clients by the way they do business. They provide a pick up and drop off service at no extra charge. They will always do it at a time that suits you, even if that is after-hours.

Then, as an added extra, they offer a key cutting service too! Wow, talk about making things easy. Most people have several pairs of shoes they would like to have repaired and several keys that they would like to get extra copies of. And guess when they intend to get them done? That’s right, when they have free time! Which of course never happens.

3. The ‘Vampire’ Dentist:

Many years ago a dentist in Los Angeles decided to set up a dental practice that only operated from 4 p.m. To 4 a.m. (I call him the ‘vampire’ dentist because he only opened at night).

He then took out small ads offering his services in the trade journals that supplied the Film Studios. He knew that films were very expensive to produce and the people involved in producing them often work long hours, so they didn’t have time to see a dentist during normal business hours.

No other dentist at the time offered the convenience of dental services after hours, and he made a great living for many years by doing this.

Take Action

How can you add ‘Memorable’ Value to your customers by making it a lot more convenient to do business with you?

 

Watch out for our next post where we will talk about “The Ten Minute Marketing Formula”.

Do you market to this ‘secret’ list of hot prospects?

Top Secret Not!

If you’ve ever done any direct mail marketing, you probably purchased a list of prospects.

Well, I want to tell you about a “secret” lead list of hot prospects that are five times more likely to respond to your marketing than people on any other list. They will not treat you with suspicion, but instead as a trusted resource. They are twice as likely to send you referrals. They are predisposed to do business with you verses all your competitors, even if you charge more. They are extremely likely to do repeat business with you. And the best part? You can get this list for free.

Sound impossible? Sound too good to be true? Sound like a small business “pipe dream”? Nope, nope, and nope. I can assure you that this list does exist.

So what could it possibly be?

==>> Your past client list.

You might be saying, “C’mon, everyone knows that repeat and referral business comes from past clients. What’s the big deal?” Well, considering that only a tiny fraction of business owners have a consistent marketing plan for their past clients, I’m not so sure everyone really does know this. Or if they do know, they don’t take action, so the result is the same: past clients who get ignored. One of the most expensive investments you will ever make is gaining a new client. After investing the time, energy and money to get that client, what sense does it make to ignore them? Yet that is what most businesses do. Instead, they invest the majority of their resources chasing down the next client, slugging it out in the cold marketplace where they eat their young every day, all while totally neglecting the only group of people in the world who have proven that they’ll do business with them: their past clients. It’s ludicrous!

Keep an eye out for the next blog post where I will discuss the most powerful way to market to your past clients.

Direct Response Advertising and the A.I.D.A. Formula

In the last post I covered some of the drawbacks of traditional image advertising.

Let’s take a look at the alternative: Direct Response Advertising – also referred to as emotional direct response advertising or marketing. This kind of advertising gives potential clients a strong message that compels them to run to the phone and call immediately. Direct response is tough-minded, results-driven advertising that can be tracked and held accountable for its performance. Good direct response marketing uses reasons other than price to get customers to call.

There are a handful of truly effective direct response advertising formulas, and one of the best is Attention, Interest, Desire and Action (AIDA).

AIDA Principle

First, the customer’s attention is captured with a compelling headline. The best headlines focus on benefits to the customer.

Second, interest is generated by telling a story. For example, explaining in great detail how your iron-clad warranty will allow the customer to “sleep like a baby,” or how your hassle-free buying process will make their experience fun and “as stress free as a holiday.”

Third, desire is created with a compelling offer.

Fourth, action is prompted with a deadline and a call to action.

Using direct response marketing to tell your business’ unique story (and to quickly gain customers) is a key weapon in outmanoeuvring your competitors, and to increasing your income.