Showing posts with label Business owners. Show all posts
Showing posts with label Business owners. Show all posts

Monday, June 28, 2010

Would you like fries with that?

No matter what type of business you are in, the old truism stands: Nothing happens until someone sells something. You may be the best at what you do, but if you avoid selling, you are dead in the water. If prospecting isn't your idea of fun, and let's face it, who among us enjoys cold calling, maybe there is another way to boost your selling. 

Before you get a cold call panic attack, let's maximize each sale that comes in the door now. Fast food companies are the ultimate marketers of selling more than the customer plans to buy. "Would you like fries with that?" or, " Would you like to Super Size that for just a dollar more?" Why not apply the same philosophy to how you service your current clients? 

Keep them in the Family
Do you have related products or services to your core business? Begin today to offer them with every sale! Consider packaging or bundling products and services with different names (Silver, Gold, Platinum). Example: Siding installers can offer power washing. Call it what you want but offer an add-on of 3 annual power washings and free inspections. 

Get a Commitment
Do your customers need your services repeatedly? Example: Hair stylists... Offer an annual hair care package of a cut every 8 weeks, color every 16 weeks, nail service and a $50 retail credit for products. Discount it for advance purchase or throw in a labor only expense such as unlimited brow waxing.

There's a place down the road...
Could you expand your line of products or services. Here's an exercise: What type of referrals do your salespeople make most often to another business. Why pass revenue to someone else's cash register. If you are a window cleaning service, think about adding screen repair. If you are a travel agent, consider a house or pet sitting service.

It's that time of year
Check in with customers as they near the anniversary date of their last purchase. Your business may be seasonal, or the customer always calls you in October because that is when their birthday reminds them of your service, in any case, take advantage of the opportunity to call and check in. Even if it is just to "see how things are". It is a chance to tell them about new offerings that may be of interest.

Your current clients are the easiest path to larger revenues. Before you embark on a prospecting campaign, be certain that all staff with customer contact are looking for sales potential of current buyers and that they have a menu of offerings.

Good luck and get selling!,
Mary

Monday, April 19, 2010

Love and Business

As women will do, I was chatting with a friend about well, yes, relationships. We were talking about people marrying up or down. My friend recalled a conversation she had with her bright, successful niece about her engagement to a man that was quite frankly a total loser. The bride-to-be beamed when she spoke of how her loser fiancĂ© made her feel special and loved like never before. The wise aunt asked her “Tell me what you love about him?” Again the bride rallied on about his understanding of her personality, his patience with her, how he adores and accepts everything about her. She had never felt so confident about herself in a relationship or even in general. She owed it all to him. Asked again, “But really, what do you love about HIM?”  The young woman cocked her head and said “I don’t get what you mean?” Yikes. Fast-forward three years, and predictably the niece had taken her now self-confident self on the road and left the loser, telling her friends that she realized she never really loved him. Double yikes. Aunt: 2 points!

So what does this have to do with business? Plenty. The employer/employee relationship is very similar to a marriage. If an employee judges their marriage with your company only by what they get from the relationship, it won’t last. However if an employee loves being a part of the company, feels pride in how the company operates, can point to specific examples of the company doing the right thing, acting with integrity and charity in the community, respecting all employees, and making smart decisions, the employee will stay with you through thick and thin.

These are the businesses that when a company-wide pay cut is needed, employees don’t gripe or curse; they work harder to save the company they love. How do you know which type of company you are?

Ask yourself:
Do departing employees typically leave for higher paying companies?
Are company parties, special occasions poorly attended?
Employees would prefer to not wear logo attire?
There are many long time employees?

Your answers should give you some insight into how lovable your company is. Surprisingly it has very little to do with compensation and more to do with integrity, smart management and caring about your staff.

My advice: People need to know that they a part of something bigger and better than themselves. Be a good company and communicate the how and why to your employees and your community. Make employees feel proud of their association with your company.

If you work for a company you love, tell us why. Maybe an employer will learn something.

Mary

Tuesday, March 30, 2010

Which "Jane" are you?



Last week, I spent time interviewing Michele Dekinder Smith, author of See Jane Succeed: Five Types of Female Entrepreneurs Reveal What it Takes to Win in Business and in Life.She contends that female entrepreneurs usually fall into one of 5 types of "Janes". After interviewing over 3,000 of them, she should know.

You can take her assessment at www.janeoutofthebox.com to find out what type of Jane you are. After talking with her, I think she has nailed down the profiles very well. It's worth your time to check out the site and the book. For each of the five "Janes" there are action plans to overcome the unique obstacles to your success. You may find that you are a Merry Jane, a Go Jane Go, a Jane Dough or perhaps, like me, an Accidental Jane.

When I launched Marigold Women in Business in 2004, my end goal was to produce 6 luncheons for women in business, assist a handful of local businesses in reaching that market and replace my very modest income from a part-time position at the Chamber of Commerce.I had achieved that goal within 2 months of conceiving the idea. That is when I accidentally became the force behind a much larger enterprise. The tail started to wag the dog, the horse was out of the barn before I hitched my wagon to it, you know all of the analogies. 

Accidental Janes find themselves running a business that demands more of them than they expected or in some cases, more than they desired. It may sound like a good problem, but requires a re-focusing of her priorities and capabilities.

Many laid off workers are taking on contract work, or freelancing to keep the wolves away from the door. One day she realizes that she has no time to job hunt because she is to busy working. "Wait," she says, "how did that happen?" That's an Accidental Jane.

What type of Jane are you? Click here to find out