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your Strategic Business Entrepreneur Tips
June 20, 2006


Strategic Services Business Tips newsletter, Issue #0022

StrategicServices

INDEX:
Strategic Services One Minute Tip
Power Quotes
This month’s Business Resource
Sponsored Resource
Editor’s Note.

Strategic Services One Minute Tip:

Losing a sale can be a bitter pill to swallow especially if you have worked long and hard to get to the final hurdle. The common advice is to quickly pick yourself up and move on to the next one. No! This is not your next step.

It's vitally important you do something that may at first seem odd. Go back and visit or talk to the client. Your aim is to ask why you were not successful in getting the sale. You are looking for feedback on why he couldn't say yes.

Successful people thrive on feedback. You have to understand where you could have done better. Was your presentation lacking in interest? Did you fail to get over the benefits of your product and how it could help the client? Was your pitch too long or too short?

All of this is good information for you so you can improve the next time you go and visit him! So before moving on, go back and get feedback.

Power Quotes:

"A moment of choice is a moment of truth. It's the testing point of our character and competence."
-- Stephen Covey

"The secret of man's being is not only to live but to have something to live for."
-- Dostoyevsky

"You have to say no to the old ways before you can begin to find the new yes you need."
-- Betty Friedan

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Strategic Business Resources – Articles & Tips:

4 Alternative Ways To Gain Lifetime Customers

You will always have more people that turn down your offer than actually buy. They might not have bought because of your price, payment options, or any other possible reason. You will just end up loosing all these potential lifetime customers.

However, there are many ways you can minimize the loss of these prospects.

One way is to accept barter offers for your product. Maybe the person can't afford to buy your product. They may have something you could use in your business or personal life. If the barter deal isn't fair enough, either of you could add in some cash. You may not make money but, they might buy other products you offer.

Another way is to include a negotiation offer at the end of your ad copy. Tell your reader if there is something they don't like about your offer, they could contact you and negotiate a different buying offer. They may not like your price, guarantee, shipping methods, payment options, etc. You can gain a potential lifetime customer by being flexible with your offer and negotiating instead of loosing them.

A simple way to attract lifetime customers would be to give people a freebie. The freebie should be related to the other products or services you sell. You may not be getting paid for the freebie, but you will get a lot more people using one of your products because it is free. If they are impressed by your free product there is a high chance they'll buy your other products in the future.

The last way is to sell your product at the price it costs you to produce or buy it. You will usually sell more products at a lower price than your competition which equals more potential lifetime customers. You will break even in cost but you'll make your profit from the upsell and backend products your sell your lifetime customers.

Sponsored resources:

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Editor’s Notes & Humour:

Quotable Quotes

Just remember...if the world didn't suck, we'd all fall off.

Every time I walk into a singles bar I can hear Mom's wise words: "Don't pick that up, you don't know where it's been!"

Don't argue with an idiot; people watching may not be able to tell the difference.

A good friend will come and bail you out of jail, but a true friend will be sitting next to you saying, "Whoa! That was fun!"

Marriage changes passion. Suddenly you're in bed with a relative.

I don't do drugs. I get the same effect just standing up real fast.

I live in my own little world. But it's OK. They know me here.

I don't approve of political jokes. I've seen too many of them get elected.

I love being married. It's great to find that one special person you want to annoy for the rest of your life.

I signed up for an exercise class and was told to wear loose-fitting clothing. If I HAD any loose-fitting clothing, I wouldn't have signed up in the first place!

When I was young we used to go "skinny dipping," now I just "chunky dunk."

Why is it that our children can't read a Bible in school, but they can in prison?

Brain cells come and brain cells go, but FAT cells live forever.

I saw a woman wearing a sweat shirt with "Guess" on it. So I said "Implants?" She hit me.

If raising children was going to be easy, it never would have started with something called LABOR!



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Thank you for joining us this month, I hope that you have found some extra motivation and inspiration in your business endeavors for this month.

To update yourself on our new business resources or to check out the recruitment services, just go to:

Strategic Services small business entrepreneur resources

Your Editor,
Helene Malmsio.
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