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Posts Tagged ‘Newsletter’

The Sales Payoff in Multiple Closing Attempts

Posted by juliewassom on February 26, 2013

In a colleague’s newsletter, I recently read about an article in Selling Power Magazine that featured a Notre Dame University survey of purchasing agents at some of the nation’s largest companies. They asked about the closing attempts (asking for the business) made by the sales representatives who called on them. Here’s what they found: 46% of the sales reps asked for the order once then quit. 24% asked twice then gave up. 14% asked for the order three times. 12% asked four times.

Yet, the same survey showed that 60% of the orders came after the fourth attempt. Imagine that! It took as many as five closing attempts before a sale was made. This shows the need for persistence when calling on a prospect. But the surprising thing to me is that less than 50% of the sales reps asked for the order even once!

No matter what you are selling, ASKING multiple times is not only necessary to secure the sale, it often makes it easier for the prospect to buy!

Begin asking questions when your prospect inquires, to help you know what they need or want and when they are ready to buy. Continue asking agreement questions as you present the benefits of doing business with you, to know whether you are on the right track and to unearth objections to buying from you. When you know they are interested or ready to buy, ASK them to buy from you!

One type of closing question that is comfortable to ask and easy for your prospect to answer is called an alternate choice closing question. For example, you might say, Would you like Ben to start today or would next Monday be better for you?

Each time you follow-up with a prospect, help guide them closer to buying from you, then ASK them to do so. Those who keep asking their prospects to buy with their prospects’ needs in mind are those who sell more!

You must ASK or you are not closing. How can you expect to get any customers if you never even ask? That’s what selling is all about – asking the prospect to buy.

Julie Wassom
“The Speaker Whose Message Means Business”
Marketing and Sales Speaker/Consultant/Author
Call me: 303-693-2306
Fax me: 303-617-6422
E-me: julie@juliewassom.com
See me: www.juliewassom.com

Posted in Ask Julie, Budget for Marketing, Child Care Marketing, Economy, Marketing Tips, Sharing What Works, Your Business | Tagged: , , , , , , , , , | Leave a Comment »

Fortune In The Follow-Up; Information of Value

Posted by juliewassom on October 30, 2012

When you give prospects information, only tell or send what they need to answer their questions and help them make a good buying decision. Once you have secured them as a customer, keep in mind that your competition doesn’t stop trying to lure them away. Keep in touch with your customers. If you periodically contact them with information of value to them, your percentage of customers remaining loyal will dramatically increase.

Valuable ways to follow-up with your prospects and customers:

    • send announcements of news you want to share
    • send articles of interest, noting you as the provider of this information
    • send thank you notes for referrals
    • call about an upcoming community marketing opportunity
    • invite customers to attend upcoming meetings and events that will be a good learning experience or a fun community event for them
    • send a brief, value-packed newsletter

Don’t always assume you know what information is of value to your prospects and customers. Do some research to determine what they perceive is truly valuable information.  Remember, their perception is their reality, and it’s that reality – not yours – upon which they base their buying decisions.

Julie Wassom
“The Speaker Whose Message Means Business”
Marketing and Sales Speaker/Consultant/Author
Call me: 303-693-2306
Fax me: 303-617-6422
E-me: julie@juliewassom.com
See me: www.juliewassom.com

Posted in Marketing Tips, Your Business | Tagged: , , , , , , , , , , , , , | Leave a Comment »

Follow-Up Action That Pays Off

Posted by juliewassom on July 24, 2012

I like to say, “The fortune is in the follow-up.” Follow-up takes a little time, and a little extra effort, but it pays big dividends. After an inquiry or an on- site visit, good follow-up can make the difference between a prospect buying from you or from a competitor.

Set up a follow-up schedule. Use a tickler system or contact management software program, to help you schedule timely follow-up.

Immediately after an inquiry, send information to prospects who called about your products or services. Include a personal message that states that you will initiate a follow-up call to answer questions and set up or confirm a future visit.

Be timely. Send the information right away. Then call when you said you would. It’s a little thing, but it instills the trust and credibility that helps prospects make a buying decision in your favor.

Send a handwritten thank you note to prospects who come for a visit. Within a few days, place a follow-up call to those prospects to answer additional questions and help them move closer to a decision. Then follow a “Mail-Mail-Call” system every few weeks to let your prospects know you are there as a helpful professional knowledgeable resource. Continue to send information of value to them, such as invitations to special events, articles of interest, or your newsletter.

Persevere until they are no longer prospects. There’s an old adage in sales and marketing that says 10% of the people make 80% of the sales because that 10% were willing to make at least five contacts with each prospect. Are you in that 10%?

Julie Wassom
“The Speaker Whose Message Means Business”
Marketing and Sales Speaker/Consultant/Author
Call me: 303-693-2306
Fax me: 303-617-6422
E-me: julie@juliewassom.com
See me: www.juliewassom.com

Posted in Marketing Tips, Your Business | Tagged: , , , , , , , , , , , , , , | Leave a Comment »

Enrollment Building | Reviewing and Refining Your Marketing Program

Posted by juliewassom on October 18, 2011

As the weather begins to turn colder with Fall now very much in full swing, before you know it winter will settle in and the heaviest enrollment building season is over for another year. You’re probably advertising less to draw new inquiries and concentrating more on program delivery and internal operations. If you’re in a colder climate, the walls of your classroom are lined with little boots and coats, removed and put back on several times daily by rosy-cheeked children in your care. Daily maintenance, staff development, and that postponed project or repair are your priorities now.

The winter months are an ideal time to take a good look at your marketing program, and to work on it a little bit at a time. If marketing is not your greatest strength, the whole idea of effectively drawing prospects to your center and then securing their enrollment can be overwhelming. It’s easy to get a condition I call “marketing paralysis,” and simply not do anything. Or maybe you know you should work on marketing, and you plan to…when you have time. But that time never comes.

There’s an old adage that says, “If you do what you’ve always done, you’ll get what you’ve always got.” If you want to get more enrollment in your center (and retain more of the customers you have), commit to spending a little time each week throughout the winter refining your marketing. Use the following list to help you tackle marketing one piece at a time.

·         Marketing plan – Analyze and make note of the current state of your enrollment. Note the average number of inquiries you receive weekly and tally how many of those you convert to visits and then to enrollments. Determine what it costs you to generate each qualified inquiry. Examine your retention rate, by classroom and by center. Include a brief explanation of any enrollment incentive or referral programs you have in place, and evaluate their effectiveness in generating new customers. Set enrollment goals for the coming year. Assess the competitive situation in your area. Review recent marketing efforts and determine which were most effective. This doesn’t need to be a thick volume, but it will be the foundation from which you can create a more effective marketing action plan.

·         Action plan – This is the “To Do’ list within your overall marketing plan. It is the blueprint of marketing activities that work together to generate inquiries and to give you more opportunities to secure enrollment. Begin with a simple list of each marketing action you will take, the timeline, the person responsible, the budget allocated to this effort, and the method of evaluating its effectiveness.

·         Center or company identity package – Lay out the pieces of your center or company identity package – letterhead, envelopes, business card, package label, postcard, notepad, etc. – and examine them carefully. Do they have a consistent look? Do they present the image you want prospects and customers to have? Is your package complete? If pieces are missing or outdated, make this the time you update your information and image in your print marketing collateral materials.

·         Center brochure – Design a brochure that communicates your uniqueness as well as your philosophy on providing quality early care and education. Make the look of your brochure consistent with the rest of your print marketing materials. Determine how and where you intend to use your brochure before deciding on size, paper and your print run.

·         Website – Now is an ideal time to update your website. If you have a website, now is an ideal time to update it. Make sure the look of the site communicates a recognizable image. Add new photos. Revise copy so it not only educates visitors, but entices them to contact you to set up a center visit. Create traditional marketing activities that will direct prospects and customers to your website. I’ve posted on this blog several times about website creation and optimization in the past.

·         Photos – Get out your camera or hire a professional photographer and take lots of pictures in your center for use in brochures, fliers, and on your website. Snap a few photos of your staff, your children, and activities in your classrooms and on the playground. Don’t forget to take photos of your teachers helping a child or assisting a parent during a center visit or event. Be sure to secure permission from parents to use select photos in your marketing efforts. Using the best of these real-life pictures will speak a thousand words to your prospects.

·         Advertisements – Advertising can quickly eat up your marketing budget. Take some time now to determine where your ad dollars will be best spent. If you are responsible for your own print and online advertising, determine what publications and websites will be viewed by prospective parents in your area. Consider the best ways to reach the target audience for the specific early care and education services you want to promote. For example, if you want to increase your infant enrollment, include publications and online advertising channels  read primarily by new and expectant mothers in your advertising mix. Don’t forget employer newletters for reasonably-priced ad placement. Always check advertising guidelines and deadlines for placement and artwork. Seek out professionals who can assist you with ad design and copy. It’s well worth the investment when you find a good one.

·         Publicity –Spend some of your marketing time taking the necessary steps to generate good publicity for your center. Invite local reporters to events at your center, especially if they include an activity that benefits a local nonprofit organization. Present them with article and photo opportunities that are unique, timely, and of interest to their readers or viewers. Listen to the CD program, Make Your Good Publicity Work Marketing Magic, from The Julian Group’s Enrollment Building Success Library, to learn ways to cost-effectively use the good publicity you receive to extend the reach and frequency of your other marketing efforts.

·         Voice Mail Message – Advertising can quickly eat up your marketing budget. Take some time now to determine where your ad dollars will be best spent. If you are responsible for your own print and online advertising, determine what publications and websites will be viewed by prospective parents in your area. Consider the best ways to reach the target audience for the specific early care and education services you want to promote. For example, if you want to increase your infant enrollment, include publications and online advertising channels  read primarily by new and expectant mothers in your advertising mix. Don’t forget employer newletters for reasonably-priced ad placement. Always check advertising guidelines and deadlines for placement and artwork. Seek out professionals who can assist you with ad design and copy. It’s well worth the investment when you find a good one.

·         Direct Mail Marketing – This can work for both direct mail and email marketing. Is a direct mail campaign in your marketing action plan? If so, these are the days to put it all together and have it ready to launch on your kickoff date. Because this is not traditionally the heaviest enrollment-building time of the year, many of your competitors will not be mailing to prospect lists. If you do, you will stand out from the crowd. Even if you are currently full, the inquiries you generate now can be nurtured for summer and fall enrollment. To get started with your direct mail marketing plan, creative design, calendar of mailings, etc.; review the recommendations in “Direct Mail Marketing – Way to Make It Worth It,” in the 3/2000, issue of Child Care Information Exchange.Andrew – Delete this sentence. Never refer to an article more than about two years old.

·         Newsletter – The winter months are an ideal time to develop or refine your center newsletter. If you already produce a newsletter, carefully examine it from the prospect’s perspective. Do the graphics and articles communicate the message you want? If not, consider new graphics, add photos, revise classroom news, and include a feature article of special interest. Soon you will have created a fresh newsletter you can send on a monthly to quarterly basis to every active prospect, existing customer, and opinion influencer in your database. If your newsletter presents a good image, is timely, and is filled with information of value to the recipient, it will position you as a helpful expert in the child care industry. And that positioning leads to inquiries!

·         Educate Yourself – Almost nothing is cozier on a chilly night than sitting under a warm blanket and reading a good book or closing your eyes and listening to an CD series.  Once a week, make that a marketing book or CD. Peruse Jay Conrad Levinson’s book, Guerilla Marketing, for ideas you can adapt to help you make big profits from your small business. For child care-specific marketing techniques, listen to Basic Techniques for Securing Enrollment or one of the other programs from The Enrollment Building Success Library. Check out the marketing resources in the catalog of Exchange publications at www.ChildCareExchange.com. Or check your email for “Wassom’s Child Care Marketing Wisdom”, my free monthly online newsletter on how to become a better marketer. (To subscribe to this opt-in service, visit http://www.juliewassom.com/Childcare%20marketing.htm .)

Julie Wassom
“The Speaker Whose Message Means Business”
Marketing and Sales Speaker/Consultant/Author
Call me: 303-693-2306
Fax me: 303-617-6422
E-me: julie@juliewassom.com
See me: www.juliewassom.com

Posted in Child Care Marketing, Marketing Tips, Your Business | Tagged: , , , , , , , , , , , , , , | Leave a Comment »

The Sales Payoff in Multiple Closing Attempts

Posted by juliewassom on September 8, 2010

In a colleague’s newsletter, I recently read about an article in Selling Power Magazine that featured a Notre Dame University survey of purchasing agents at some of the nation’s largest companies. They asked about the closing attempts (asking for the business) made by the sales representatives who called on them. Here’s what they found: 46% of the sales reps asked for the order once then quit. 24% asked twice then gave up. 14% asked for the order three times. 12% asked four times.

Yet, the same survey showed that 60% of the orders came after the fourth attempt. Imagine that! It took as many as five closing attempts before a sale was made. This shows the need for persistence when calling on a prospect. But the surprising thing to me is that less than 50% of the sales reps asked for the order even once!

No matter what you are selling, ASKING multiple times is not only necessary to secure the sale, it often makes it easier for the prospect to buy!

Begin asking questions when your prospect inquires, to help you know what they need or want and when they are ready to buy. Continue asking agreement questions as you present the benefits of doing business with you, to know whether you are on the right track and to unearth objections to buying from you. When you know they are interested or ready to buy, ASK them to buy from you!

One type of closing question that is comfortable to ask and easy for your prospect to answer is called an alternate choice closing question. For example, you might say, Would you like Ben to start today or would next Monday be better for you?

Each time you follow-up with a prospect, help guide them closer to buying from you, then ASK them to do so. Those who keep asking their prospects to buy with their prospects’ needs in mind are those who sell more!

You must ASK or you are not closing. How can you expect to get any customers if you never even ask? That’s what selling is all about – asking the prospect to buy.

Julie Wassom
Julie@JulieWassom.com
http://JulieWassom.com

Posted in Marketing Tips, Your Business | Tagged: , , , , , , , , , | Leave a Comment »

Fortune In The Follow-Up; Information of Value

Posted by juliewassom on June 29, 2010

When you give prospects information, only tell or send what they need to answer their questions and help them make a good buying decision. Once you have secured them as a customer, keep in mind that your competition doesn’t stop trying to lure them away. Keep in touch with your customers. If you periodically contact them with information of value to them, your percentage of customers remaining loyal will dramatically increase.

Valuable ways to follow-up with your prospects and customers:

    • send announcements of news you want to share
    • send articles of interest, noting you as the provider of this information
    • send thank you notes for referrals
    • call about an upcoming community marketing opportunity
    • invite customers to attend upcoming meetings and events that will be a good learning experience or a fun community event for them
    • send a brief, value-packed newsletter

Don’t always assume you know what information is of value to your prospects and customers. Do some research to determine what they perceive is truly valuable information.  Remember, their perception is their reality, and it’s that reality – not yours – upon which they base their buying decisions.

Julie Wassom
http;//JulieWassom.com

Posted in Marketing Tips, Your Business | Tagged: , , , , , , , , , , , , , | Leave a Comment »

Follow-Up Action That Pays Off

Posted by juliewassom on May 4, 2010

I like to say, “The fortune is in the follow-up.” Follow-up takes a little time, and a little extra effort, but it pays big dividends. After an inquiry or an on- site visit, good follow-up can make the difference between a prospect buying from you or from a competitor.

Set up a follow-up schedule. Use a tickler system or contact management software program, to help you schedule timely follow-up.

Immediately after an inquiry, send information to prospects who called about your products or services. Include a personal message that states that you will initiate a follow-up call to answer questions and set up or confirm a future visit.

Be timely. Send the information right away. Then call when you said you would. It’s a little thing, but it instills the trust and credibility that helps prospects make a buying decision in your favor.

Send a handwritten thank you note to prospects who come for a visit. Within a few days, place a follow-up call to those prospects to answer additional questions and help them move closer to a decision. Then follow a “Mail-Mail-Call” system every few weeks to let your prospects know you are there as a helpful professional knowledgeable resource. Continue to send information of value to them, such as invitations to special events, articles of interest, or your newsletter.

Persevere until they are no longer prospects. There’s an old adage in sales and marketing that says 10% of the people make 80% of the sales because that 10% were willing to make at least five contacts with each prospect. Are you in that 10%?

Julie Wassom
http://JulieWassom.com

Posted in Marketing Tips, Your Business | Tagged: , , , , , , , , , , , , , , | Leave a Comment »

Ask Julie

Posted by juliewassom on April 15, 2010

This column features my response to a question a reader of my newsletter has asked me. Is it something you have wondered about , too? Read on. And if you have a question you want answered please email it to me at juliewassom@gmail.com or tweet me @JulieWassom.

Question: What is a focus group? How does it work?

Answer: A focus group is a select group who gathers with a facilitator for the purpose of doing some market research. Most focus groups are small and address very specific issues about a business. Participants can be parents who have been invited to contribute their perceptions or an anonymous group of people who represent a target group, such as prospective enrolling families. The facilitator runs the group by asking specific questions, and guiding the discussion. Answers are recorded and compiled for later use in designing marketing campaigns, determining levels of customer satisfaction, developing new products and services, etc. Focus groups, combined with other forms of market research, can yield valuable information to help a child care company attract and retain more customers.

Julie Wassom

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