Strategy 1. Think big and audit your time. No matter the size of your business, place a mental image in your mind as if you are the largest and most successful person in your industry. How much time is consumed by routine office work someone else should be doing? Spend more time with more important tasks such as marketing strategies, improving customer relations, and implementing new strategies to expand your services.
Strategy 2. Be different and stand out from the competition. Jordan Furniture sells more furniture per square foot than any other furniture store in the nation. They transformed their family-owned business into a multi-million dollar corporation by following a principle called “shoppertainment.” To surprise employees and customers, Barry and Eliot Tatleman dressed up like the Lone Ranger and Tonto and rode horses in their parking lot. They built an IMax theater inside one store to entertain children while their parents shopped. When you drive around the back to pick up your furniture they provide you free hotdogs and wash your car windows.
Strategy 3. Build relationships with your customers. For each month that goes by, customers lose 10% of their buying power. Create a customer database and contact them on a regular basis. Mail them a postcard, birthday card, sales flyer, newsletter etc. to keep your name, phone number, and service on their mind.
Strategy 4. Collect E-Mail Addresses. As part of your customer relationship process get permission from your customers to use their E-mail address. Periodically send updates and notices to your client list. As long as you have their permission and avoid overuse, E-mail can be a powerful and inexpensive marketing tool. Consider the Fox’s Pizza Den in Punxsutawney, PA, they ran an anniversary promotion offering a medium cheese pizza for the 1970s price of $1.40. To get this special price, customers had to go to their web site and register their email address to have the special coupon emailed to them. An amazing 500 email addresses were collected in two days.
Strategy 5. Avoid poisonous personalities. Unfriendly and negative employees cost you money by chasing your customers away. Spend more time and money interviewing and hiring people who enjoy helping people. Use behavior based interviewing and screening assessments to improve your chances for hiring success.
Posted by iteamweb
Posted by iteamweb
Posted by iteamweb