3 Ways to Increase Your Business

On October 1, 2010, in Business, Of Interest, by Randy Stuppard

3_waysThere are only 3 ways to increase your business. Yep. Only 3 ways.

You don’t believe me? You don’t have to. Everyone is entitled to their own opinion. It’s just that opinions are opinions are like noses. Everyone has one. (I was thinking of using the other saying, but thought better of it – this time…)

So how does it work? What are the 3 ways?

  1. Bring in more customers
  2. Have them buy more each time they do come in
  3. Have them come in more often.

Pretty simple isn’t it? Simple in theory but very tough in reality requiring thought, planing, and action.

Most businesses focus on the first way. Bringing in more customers.

You must awlways be bringing in more customers because costs are always rising. You should be raising your rates or prices, but that discussion is for another day.

We are also not going to talk about:

  • acquisition costs
  • lifetime value
  • testing
  • measuring
  • target market
  • headlines
  • copy
  • offer
  • guarantee

We’re just going to talk about how to get that phone to ring or get people to come through your door. In a word – LEADS.

  • Referrals – probably the best and cheapest for lead generation
  • Direct Mail – yes, it still works
  • JVs – who is in a business that compliments yours?
  • Local Newspaper Advertising
  • Mass Fax – typically for B2B
  • Write a book – yes you can for less than you think
  • Postcard marketing
  • Local newspaper advertising
  • Fliers
  • Press releases
  • Sidewalk fliers
  • Daily newspaper
  • Radio & TV (if your product has mass appeal)
  • School newsletters
  • Buy a database
  • Piggyback invoice mailings
  • Fridge magnets
  • Stickers & tags
  • Networking
  • Seminars and events

Now pick at least 3 (5 is better) and make a plan. How are you going to make it happen? And when are you going to make it happen? The when is the most important.

Don’t be afraid of failure. We are in the marketing game and it is not succes of failure but how well a plan worked. If you get no responses, that just means it needs work. Simple. And it the plan worked well, we need to find out how to make it work better. Again, simple.

No pass or fail, just either it worked or didn’t and figuring out why.

Next post will be about having your customers buy more each time they do come in. Or “Would you like fries with that?”

Later
Randy