Wednesday, January 30, 2013 posted by Rebecca Daneault
One of the greatest thing about the web is that it has
opened so many doors for businesses of any size to increase their sales
nationwide – even globally. But the whole “if you build it, they will come”
theory isn’t necessarily going to have your customers knocking down your cyber
walls to give you their hard earned money. There are certain things you must do
to improve your online sales. Good news! We’ve got a few helpful tips to get
you started…
Create demand, even if there isn’t much. Think about Amazon.
How many times have you added an item to your cart only to see a little
indicator that says “only X left in stock”? Strategies like this give the
impression to the customer that they must act now or they’ll miss out on the
item or sale price, and it’s something that you can leverage as well to improve
the chances of closing the deal with your online customers.
Don’t just tell them – show them. Quality content is great, and
the better you describe your inventory, the better. That said, research has
shown that using video to relay product information is much more effective if
pushing a maybe to a yes when it comes to sales. Get creative and put yourself
in your customers’ shoes to figure out what type of video marketing would get
the best results, such as product demos or helpful how-to’s.
Leverage reviews and feedback. You can shout to the rooftops
how fantastic your products are, but when it comes from your customers who have
actually bought and used your products, it’s much more powerful. Let your
satisfied and loyal customers do your marketing for you by providing them with the
opportunity and encouraging them to complete surveys and write reviews. You can
then leverage those good reviews by sprinkling them throughout your website to
encourage new prospects to buy from you.
Use upselling and/or cross-selling techniques to give buyers more
options. Set up your site so that when your customers are shopping,
they’ll see either a similar product that is of higher quality and slightly
more expensive (upselling) or they’ll see another product that complements the
product they’re considering buying (cross-selling). Both of these techniques
can boost sales in some instances, so it’s worth a shot!
With the technology available today, the possibilities for
businesses of any size to market online are virtually limitless. Doing so
successfully, however, takes some work. By employing these techniques, you’ll
have a much better chance of grabbing those online sales and increasing your
bottom line exponentially. What are you waiting for? Get out there and get
selling!
Labels: online marketing, sales tips, small business
Thursday, January 24, 2013 posted by Rebecca Daneault
One of the most powerful ways to develop stellar customer
service for your business is by gathering feedback from those you’ve already
worked with. This can help you to determine what things you are doing right,
and identify areas that may need a little more work. So how does one go about
gathering this important information from their customers? Here are 4 simple
ways that you can encourage your customers to provide you with valuable
feedback.
Offer them something
in return. It’s always easier to garner responses when you offer an
incentive. Offer customers a discount, giveaway or entry into a contest in
exchange for sharing their opinions and sharing information about their
experience. Not only will this tactic work for honing your marketing and
customer service strategies, but it can also encourage repeat business.
Use QR codes. By
now you’ve probably noticed those odd looking little boxes of black squiggly
code showing up on everything from print ads to business cards. These are like
modern day bar codes that can be programmed to contain just about anything –
including feedback surveys. All your customers will need to do is scan the QR
code with their smartphone and they’ll be able to instantly provide feedback.
It doesn’t get any easier than that! (Check out
Kaywa for an easy, free way to generate
your own QR codes.)
Go mobile. There’s
no doubt about it – mobile and smartphone usage is only going to continue to
increase, so you might as well take advantage. Make it easy for your customers
to share their feedback via their mobile device. As a bonus, when a survey can
be completed right away following the service, there is a much greater rate of
participation. Make it easy and make it instant.
Let them text it!
Not only is SMS text messaging a great tool for gathering instant feedback, but
it’s also a great way to manage customer service complaints in a timely manner.
Check with your phone system provider to see if they offer
inbound SMS
as a feature (we know someone who does!), and put it to use.
Listening to your customers is critical to the ongoing success
of your business. By following these tips, you’ll be able to start gathering valuable
feedback and turning that feedback into better service and improved future
sales.
Labels: customer service, marketing, sms
Wednesday, January 16, 2013 posted by Rebecca Daneault
It’s hard enough to stay in business these days without
having to worry about slow paying customers. But, unfortunately, most of us
have them so it’s something we have to grin and bear. The good news is there
are a few ways you can entice these procrastinators to stop dragging their feet
and pay in a timelier manner, improving cash flow for your organization. Here
are 7 tips for effectively dealing with slow paying customers.
Clearly communicate your terms. If you expect payment upon
receipt, or net 10, etc. – make sure your customers understand this requirement
by clearly stating it in writing on each and every invoice. That way there’s no
question of when payment is due.
Stay on top of sending invoices. As soon as the job is done
or the product is shipped, send your invoice. You can’t hold your customers
accountable for paying late if they’re not getting billed in a timely manner.
Itemize. Make sure that every item or service you are
billing for is clearly noted on your invoice to avoid any confusion. Assign
item numbers and use detailed descriptions. The more information you provide,
the less likely you’ll be to have a customer delay paying because they’re
unclear as to what they’re being billed for.
Understand their requirements. Depending on the size of the
company you’re dealing with, they may have several of their own requirements in
order to process timely invoice payments. Ask upfront what is required on their
end for speedy processing, such as P.O.’s or other documentation that you can
arrange on your end so that all requirements are met in the first shot.
Establish relationships. A great way to ensure timely
payments is to get to know the person on the other end of that remittance
check. Learn who the Accounts Payable contacts are in each of the firms that you
do business with and make it a point to establish relationships with them.
Implement a late fee policy. If you’re really having
problems getting people to pay on time, it can be an added incentive when you
implement and enforce late payment fees. Just be sure that this policy is
clearly communicated upfront, otherwise you won’t be able to enforce it.
Pick up the phone. Never underestimate the power of a
personal touch, especially when it comes to collecting a debt. Instead of
sending another invoice, try picking up the phone and calling to inquire on
when payment will be made. This is where the whole “establishing relationships”
comes in handy, as well. If you know who cuts the checks, you’ll know who to
ask for when they’re late.
Labels: accounting, business, cash flow, small business tips
Sunday, January 13, 2013 posted by Rebecca Daneault
You don’t have to be a marketing genius to know that placing
one product next to something else that it can be used with can mean a boost in
sales. It just makes sense – if a customer has already made the purchasing
decision for one product, why not entice them to buy something complementary at
the same time. But as much as the concept seems like a no-brainer, there is a
certain strategy that is needed if it is to be carried out successfully. Here
are a few tips to get you started.
Offer the second
product for a discount. If a customer knows that by purchasing one thing,
they can get a second similar product for a lower price, it could be just
enough to entice them over the edge. It can also help you avoid the “I’ll buy
this one now, and the other one later” dilemma by making it worthwhile for your
customers to buy everything in one shot.
Clearly communicate
the value of the second product. To really drive that second sale, you have
to clearly deliver the message that it’s valuable and a “must have”. Encourage
your sales staff to mention the add-on and tout its value in terms of the first
product. The more you push this message, the better results you’ll get.
Give the offer a
level of urgency. It’s probably the oldest tactic in the book, but it’s
highly effective. When you provide a sense of urgency with your complementary
offer (i.e. “Today Only: Buy A, Get B for 50% Off!”) you force your customers
to make an immediate buying decision. When they don’t have the option to go
home and think it over before pulling the trigger, they’re more apt to bite the
bullet and make the purchase just to take advantage of the deal.
Offer more than one
complementary product. If one add-on item is good, it only stands to reason
that two is better, right? If possible, offer two additional products to go
with your main sale to make it that much more of a bargain.
Keep it relevant.
As long as the complementary product you’re offering makes sense as an add-on,
even if your customer doesn’t purchase it, they’ll understand the reason behind
the push to sell it. If you try to push something irrelevant, on the other
hand, you risk ruining relationships with your customers altogether. Keep it
related and you’ll have a much better response.
Selling complementary products can be a great way to boost
sales, but it has to be done right for it to really be effective. Follow these
tips and you’ll have a good chance of capitalizing on this powerful marketing
strategy.
Labels: marketing, sales tips
Monday, January 7, 2013 posted by Rebecca Daneault
In an age where cloud computing and mobile communications
are becoming the norm, rather than the exception, how can you know that the
information you’re sharing on a daily basis is really secure? It’s particularly
important for businesses that deal with sensitive data, such as customer
contact information and payment methods, that the highest level of security be
consistently achieved. Here are a few helpful tips to help you keep that
important data safe.
Understand the Law – Depending on the industry you work in,
there may be specific laws and regulations set forth that govern how
communications should be handled. Understanding these laws will help keep you
out of trouble and provide the foundation upon which you can build your
internal communication policy.
Establish Clear Policies – Develop a plan for how sensitive
communications will be kept safe, solidify it and make sure it is clearly
communicated to everyone who works for you. Include it in employee handbooks,
if you have them, or as part of the on-boarding process for new employees. The
more you hammer the point home, the higher level of compliance you’ll
experience among your team.
Always Use Encryption – It’s easy, it’s free – in fact, in most
cases it’s free. There’s really no excuse for you to ever be sending sensitive
data without encrypting it for security purposes first.
Be Careful with Cellphone Use – In such a mobile society, it’s
no surprise that more and more people are moving away from landlines and
relying solely on cell phones for their communications. Just remember, though,
that cell phones are not fully secure, so be careful not to say anything
sensitive that you wouldn’t feel comfortable getting out there.
Enforce the Use of Strong Passwords – You might be surprised to
know how many people fail to use caution when they create passwords (i.e. using
“password” or “12345”). Make it clear to your employees that they should be
carefully choosing passwords that would be difficult to compromise. Set your
systems to only accept alphanumerical passwords of a certain length for better
security.
Keep Important Data Under Lock and Key – Whether it’s your
servers for your electronic data or your paperwork for the physical information
that is sensitive, make sure that it is always kept safe, under lock and key,
and be extremely careful about who you grant access to. It’s always better to
be safe than sorry.
Labels: communication, security, small business tips
posted by Rebecca Daneault @ 1:59 PM