Business Ideas & Updates

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Multichannel Strategy - Why Retailing Is Failing

Jon Hemming - Monday, March 19, 2012
As a business owner in 2012 your success will be directly linked to how well you understand the psychology of why customers choose to connect to your business. over which channels and how these insights can be used to optimise organisational channel strategy.

A more globalised, connected, networked and informed world changes the way that customers view service and sales. There is clear evidence around how the boundaries between the physical and virtual worlds are starting to blur.

The many aspects of the customer decision-making process are mediated by “networked experts” who are frequently part of customers’ social network rather than company employees. It also underlines the importance of getting a consistent and coherent cross media strategy which often challenges the traditional silos of physical channel, website and retail store.

Despite the fact that multichannel strategies have been around for a number of years now, many companies have yet to implement a successful multi channel strategy despite the fact that the customer is demanding one.

With power and control shifting from organisations to customers, can organisations afford not to understand what customers are looking for from the channels available to them?



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Marketing Solutions That Deliver

Jon Hemming - Tuesday, December 20, 2011

In challenging economic times, more and more pressure is put on making your marketing and advertising dollar go further. Still so many businesses continue to take pot-shots with their advertising only the detriment of the bottom line, and the long-term stability of their businesses.

Why not create a sales and marketing campaign that really boost sales instead of just lining the ad agencies pockets?

That all sounds great, however, do you know which advertising strategies best work for your business? Or are you simply guessing and taking pot-shots with your advertising?

To avoid this, it’s really important to know which sales and marketing strategies work today in this consumer environment. Many companies are now out of touch with the changing consumer behaviour and with the squeeze on tighter spending, are missing out on all-important revenue.

So what is the solution? One of the best ways to get back in the driver’s seat with your sales and marketing is to find out what your customers need today. Gone are the days relying on customer loyalty and hoping that the fax machine will simply turnover with orders.

Too much effort I hear you say? Well what’s the alternative? Do nothing and let the competition take you over? OR take action and save yourself a lot of time and money trying to work out what will be successful in your advertising today.

So with this in mind, businesses who have been spending more time understanding their customers are winning in these difficult economic times. Why not try conducting your own market research with your customers via immediate response advertising?

That’s right; remember the old adage “what gets measured gets managed”? Well this has never been truer because, if you can measure the results of your advertising, you can assess just where advertising is really boosting your sales, dollar for dollar.

Immediate response advertising through the following channels will help you ascertain how effectively your marketing dollar is being spent:

• customer enquiries
• split runs in newspapers
• sales monitoring
• monitoring retail store traffic
• surveys

Utilise these low-cost ways to get back in touch with your important clients and really understand what’s important to them today.

This first important step will get you business on its way to remaining competitive, whereby you can maintain your customer contact and also give them more what they want without the guess work. This could lead to making small changes in your service and or product to meet their needs accordingly or find a brand-new market opportunity.

Take the lead today and if this sounds a little complicated, don’t worry. Your Unity Management consultant can help you design a marketing plan and set up an integrated sales program that will measure the results, and assist in data analysis. They can also show you ways to actually improve the conversion rate from initial enquiry to your ads, through to a sale, so as to further increase the return on your advertising investment. Start today and get the edge.


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Follow Your Leads - Why Don’t Salespeople Follow Up?

Jon Hemming - Tuesday, October 11, 2011
Aside from impulse buys or necessary purchases, sales typically take place over a period of time as the customer works through the options and alternatives to arrive at a final purchase decision. That’s why following up with customers who have discussed your product with you is an important part of finally closing a sale.

It’s amazing how many businesses either neglect to do this or do not have an established plan for following up with their leads.

If you want to really appreciate the importance of this point put yourself in the shoes of a consumer, let’s say a woman who is thinking of adding a deck to her house. She contacts 5 firms for an onsite inspection and quote. Statistics suggest she’d be lucky if even 2 of those followed up with a visit and later sent her a quote. What if one of those two actually followed through with a phone call to ask if the information was what she wanted and could they be of any further assistance. Which is likely to get the job?

Why don’t salespeople follow up?

There are a number of reasons commonly offered by salespeople for not following up with leads. Top of the list are:
• Not wanting to appear too pushy
• Didn’t get the impression the prospect was really interested in their offer
• Didn’t think the prospect was ready to buy yet
• They just simply forget!

None of these ‘reasons’ really hold water. They are based on second guessing the situation and losing the initiative by leaving it up to the prospect to call back when they are ready. This approach doesn’t exactly increase the chances of making a sale. After spending time on the initial appointment, maybe delivering a presentation and supplying a quote, why let the deal die from neglect by not following up?

See it from the prospect’s point of view

A reminder call to a prospect will rarely be considered as ‘too pushy’ by them. They will more likely welcome the opportunity to discuss things further or even to be given that little prompt to decide the deal. It’s true that following up too frequently will come across as being pushy so you need to consider what might be an appropriate interval between follow ups. You can make follow-ups more palatable by keeping them short and to the point. If it’s possible to provide some additional value during your follow-up call so much the better. This may give your prospect a reason to choose you instead of a competitor.

A good sales pitch is no guarantee that a prospect will automatically call you back either.  People get busy, they have other projects on the boil or they forget. The longer the time you leave them without a follow-up call the more likely they are to get somebody else for the job or it may even slip off their list of things to do.

Build follow-up into your sales process

Getting the most from follow-up contact depends on building it into your normal plan of sales activity. You can script it so it works smoothly and without causing you any qualms by tackling it this way:

1.  Always ask permission to follow up. That’s good manners and it provides the opportunity to check diaries and arrange a time convenient for the prospect when they are likely to be more receptive.  Besides, you may need to allow time for them to try out the product or gather further information for them.
2. Put the time and date details into your planner. Now you won’t forget it or have to place several annoying calls trying to settle a mutually convenient time. It’s also a commitment to making the follow-up so that the opportunity isn’t lost because you find yourself too busy on other things.

There aren’t too many things you should be busier with than selling, so follow-up is a process salespeople really can’t afford to leave out of their sales process.



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Spent A Fortune On Marketing That Hasn't Delivered?

Jon Hemming - Monday, September 12, 2011
Have you spent plies of money developing compelling marketing only to fail in getting the customer leads required to successfully convert into new business revenue?

It's easy to get caught up in the many aspects of your marketing only to leave the sales activity lacking or not working in a unified way.

Let Unity Management show you how to create a marketing and sales system that works directly with your marketing initiatives to deliver the results you are looking for.

Don't miss out on reaching your sales revenue targets in 2012. Call Unity Management for a no obligation discussion about your marketing and sales on: +612 9011 5220.



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