Posts Tagged ‘Small business’

Small Business Marketing - Customer List

Sunday, August 17th, 2008

 Build Up Your Customer List

Always collect their names, emails, and other contact information from your customers.

How will you stay in contact with your customers if you don’t collect your information? And if you do ask for their contact details on your sales slips and invoices, be sure you are using them!

And if you are wondering how you collect them it is as simple as asking them for it. This is best done during your customers’ purchasing process by asking them to fill out a form with their details. There are many successful companies who did this for years and would mail you catalogs in the mail.

Don’t you remember getting them? And when you received these catalogs you would find a comfortable place to relax with pen in hand checking off or earmarking the items you would later order. This enabled these companies to make more money from their customers.

Another way to get your customers to give you their contact information is by having a monthly drawing in which a prize will be given. It will amaze you how many names you could collect by doing this.

Let’s say you own a restaurant, you can offer a free dessert to everyone who drops their business card into a fish bowl. It’s not impossible to collect over 1000 names over the course of a month. How much will a dessert cost? $2 - $3, if that much. If all business owners were to implement this marketing strategy alone, they would be protecting their businesses in the face of stiff competition. They could send out snail mail to their customers with special offers on slow nights and watch them come flocking in.

This can also be done with emails and faxes. You want to generate more business? No problem. Send out a special promotion. 

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About the Author: Yves Marie Danie Baptiste is an expert in small business marketing.

Small business Marketing - Lifetime Value Of Your Clients

Friday, August 15th, 2008

Every business owner needs to fully understand the life time value of their customers.

This is the total profit that a customer will bring to your business over the lifetime of your dealings with that customer.

The following example will explain why it’s important to know this number: Let’s pretend you own a book store. If your customer spends $50 every time they walk into your store, and they visit once a month for 4 years, a customer is worth $2400.00. The math would look like this: $50 (average bill) x 12 (number of visits) x 4 (number of years).

Think of how much money you’re missing out on if you were thinking of only one transaction?

Let’s take a look at another example: John Smith sells a cd plus manual kit on how to self-publish a book. The initial manual set is worth $500. John knows that over the lifetime of a customer, a significant number will spend somewhere between $20,000 and $40,000 with additional products!

By knowing his numbers he can afford to allocate a significant amount of money towards his advertising budget to bring in more customers. Why? Because he is equipped with information that he’ll make it up on average over the lifetime of the customer.

Our tip :

Join :  Click Bank / Kontera Text Ads / AdBrite Affiliates / Forex Affiliates / PayPal Affiliates / More Niche Affliate / Market Health

About the Author: Yves Marie Danie Baptiste is an expert in small business marketing.

Small Business Blog

Monday, January 7th, 2008

Get custom programming done at GetAFreelancer.com!

There are thousands of opportunities and most of these sound better than they really are. At times it sounds so easy right ? Close to every business could make you money no doubt about that, but which one is the right business for you ?
First and foremost if you intend to start a business then you need to have the required knowledge about how to build and run a business, knowledge about the product or service you want to sell and last but not least good knowledge regards the market. Lately I have seen and heard from many that they are building a network of adsense websites, other affiliate websites or that they intend to start blogging for money. There are thousands of ads that can be found in the internet where people might get the impression that within several month they can get the business going as it sounds so simple. Setup a few pages….> place your ads….> Earn money !

Some so called internet “Gurus” mention how they made millions with just a few mouse clicks. Wake up ! This is the real world, nothings for free and if you could earn millions with just a few mouse clicks then probably millions would be doing just that !

Read my blog for more information ( Business Blog ).

Our tip :

Join :  Click Bank / Kontera Text Ads / AdBrite Affiliates / Forex Affiliates / PayPal Affiliates / More Niche Affliate / Market Health


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