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I have been marketing online for a couple of years and it never ceases to amaze me that this one marketing tool is seldom used and remains to be an effective Secret Marketing Tool. What am I referring to you ask? Well let me tell you! I have received hundreds of responses to my marketing efforts and many reply with the same comments in regards to follow up. Yes FOLLOW UP! This is the Secret Marketing Tool that many businesses forget and don't use it to their potential. Follow Up Marketing takes on two separate entities. First there
is follow up with your existing customers and second, there is follow up with your
potential customers. Many online marketers out there do not use these two tools to their
benefit and it probably costs them thousands of dollars every year in sales and profits.
So lets take a look at these two methods of marketing and find out how to use them to your
benefit in your marketing efforts. Follow Up With Existing Customers There have been quite a few studies completed on this topic and the
underlying message they reveal is that many businesses do not follow up with their
existing customers. Take a moment with a piece of paper and pencil and figure out your
advertising and marketing costs. Make a list of where you advertise your product or
service. Most of you will have on your list, newsgroups, online classified sites (both
free & paid), newsletters, web sites, banner advertisements and also regular newspaper
classified advertising. Now just take one of these advertising mediums. For example, newsgroups,
since thousands currently advertise on them and they are free. Well not necessarily! Even
though it doesn't cost you to place the ad, there are other costs you must consider. There
is your Internet Access, your time to write the advertisement and sales letters and your
time to access the newsgroup and place the advertisement. So lets say, for example, that
it costs $19.95 for Internet Access and 10 hours to write your advertisement and sales
letters and 1 hour to access and place your advertisement on the newsgroup. Bill your time
at $20/hr. That totals $239.95. That's quite a bit of money right! Now lets say you make some sales and created $500 in profits from those
sales only considering the cost to produce and ship your product. Now take out the
advertising and marketing costs of $239.95 and you made $260.05 in profits for those
customers. Not bad for one day! But don't forget about the $239.95 as it cost you that
amount to get those customers. The point here is that it costs every business quite a bit
of money to create a sale and a customer. Now you just added a new product to your product line and begin to
advertise it just as your other product. Those costs we just discussed might be a bit
lower as you don't have to spend as much time on preparing advertisements and sales
materials since your getting better at advertising and marketing. But your response might
be lower, because it is a new product, increasing the costs of advertising and marketing
the new product. Why not lower your costs and have a better than average chance to
produce more sales? How you ask, by FOLLOWING UP with your current customers. Don't you
like to shop at the same places? Yes we all do because if we are treated right and
received a good product or service, then we will come back and buy again and again and
again. However, many online businesses seem to forget to send out a mailing to their own
customers! These are people who determined that your initial product and company were
better than your competition and bought from YOU! So ask them to buy again! You can make
special offers to existing customers or whatever marketing offer you want, but DO NOT
FORGET THEM. You increase your chances of repeat sales which will lower your advertising
costs and create more profits! Simple, effective and powerful, following up with your customers WILL
produce results. Follow Up With Potential Customers Now the second piece of the secret, following up with prospects. This is
where I get quite a bit better closure ratio than I do from my initial offer. I receive
responses every day telling me that they became my customers mainly because they received
some follow up. My customers go on to tell me that they look at many different offers and
many businesses just email the information and they never hear from them again, while I
take the time to follow up a number of times. Many potential customers like this type of
carefully planned, understanding marketing technique. It shows that you are concerned
about your business and want to create happy customers instead of looking for the quick
buck. You need to take some time and make some initial decisions in developing
your follow up process as you don't want to make your prospects feel as if they are being
harassed or pushed into making a decision. So let me give you a few tips to go about
following up with potential customers that I have found very effective. 1. Determine the number of times you want to follow up with each
prospect. Base your decision on your pricing and degree of difficulty in explaining your
product or service. A general rule of thumb is the higher the price and complexity of your
product or service the more times you will need to follow up. 2. Determine how often you want to follow up. The same rules above apply
here. You want your prospect not to forget about you but you also want them to have some
time to consider your offer. 3. Set up a follow up tracking system. Make a system of exactly how you
are going to set up your follow up system and how to keep track of what your are doing and
where you are at with each prospect. 4. Develop your follow up letters. Take some time and carefully write
these letters. You want to pass along to your prospects that you are only trying to ensure
they fully understand your product and offer so they can make an informed buying decision.
Don't use hype, just provide facts and possibly add bonuses or special offers. Remind them
they were interested in your product or service and requested information in the beginning
of your letter and make your subject in the email something that refreshes their memory of
your product or service. This will make sure they don't think you are sending them
unsolicited emails. 5. Your last follow up letter. In this letter make sure you thank them
for considering your product or service and let them know it will be the last letter they
receive from you and take them out of your follow up files. If they want you to continue
they will let you know. 6. Always honor the prospects request. If they ask for more information
then by all means provide it and if they ask to be removed then make sure you do just
that. If you don't, you will have just created some very bad press and they will let their
friends know about it. Remember a happy customers tells 3 and a mad customer tells 10 and
on the Internet you might even multiply that by thousands. So there you have it a simple and effective marketing technique that is
easily implemented and can produce incredible results. Don't let this become "A
Forgotten Secret Marketing Tool". You can receive this and many other useful profit making tools and
techniques in my book "Discover Online Marketing Success: Electronic Marketing
Success Secrets". To receive more details send a blank email to emsecrets4@intersuccess.com. Terry also
publishes a free, bi-monthly, online newsletter "Internet Marketing Issues". For
a free subscription, email SubscibeIMI@intersuccess.com, or visit http://www.intersuccess.com/imi/. Copyright 1997 By Terry Williams & Associates. All Rights Reserved |
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