The Colloid Base

May 18, 2008

10 Intriguing Ways To Propel Your Online Sales

1. Add extra subjects to your web site. Most free
ad sites only allow you to submit your web site to
one category. This’ll allow you to submit it to many.

2. Increase the perceived value of your product by
making your offer scarce. You could use limited
time bonuses, low prices, low quantities, etc.

3. Find out your competitions’ weakness and use it
as your “Unique Selling Proposition”. It’s the reason
why people buy your products and not theirs.

4. Sell your products or services to a specific niche
market. For example, instead of selling your fishing
book to all fisherman, target it toward fly fisherman.

5. Test your advertising and marketing. You’ll save
time, money and big headaches promoting the right
offer to the right group of people.

6. Persuade visitors to buy your product by telling
them the future. Tell them what’ll happen with their
life in the future if they buy or don’t buy.

7. Offer a free trial of your product for a set period
of time. Don’t charge or bill them until they decided
to buy it. This’ll take away any risk they have.

8. Create other web sites that draw your initial target
audience. Then you can lead your prospects to your
main web site by linking to your other web sites.

9. Inform people about your site or freebie through
e-mail announce lists. You can find them by typing
“e-mail announce lists” in any search engine.

10. Tell your visitors what they can avoid by buying
your product or service will motivate them to buy.
They may want to avoid pain, fear, danger, etc.

About the author:

Rojo Sunsen is a specialized bounty hunter who prefers to work quietly/confidentially for the benefit of her clients.

Filed under: Markets + Marketing — Admin @ 9:58 pm

How to Motivate People in a Sales Incentive Program

There are no rules, which dictate the number of different groups of people who can be included in any one incentive program. Each additional group requires its own special treatment.

When the target group has been selected, you must:

Keep participation simple

Talk to some members of the intended group before finalising your planning and, without specifying your particular plans, seek their views, their objectives, their needs and their likely response.

Too many assumptions should not be made without crossing checking them with the target group.

It’s essential to research the size of the group and this is quite simple if it is an internal program. However, if outside your own organisation, you will need to ensure that you have the most accurate figures possible.

You should not proceed until you have carefully calculated the size of your participating audience.

The options available on how to motivate people are almost limitless, and are as varied as the imagination will allow.

Here’s a list of important criteria that are equally relevant to any group you choose:

Activities should be chosen that are of mutual advantage to both your organisation and the participant, even if that advantage is not immediately obvious. People will be more contented and receptive to other incentive schemes, if they can see tangible benefits from the previous program.

It must be made easy for people to participate by:

Keeping the rules simple

Clearly explaining to them how they can participate and what they must do to enter the program

Sending more than one message to the target audience, to aid recall of what you are going to do.

Building up anticipation by releasing the details of incentives and the conditions in stages, if you can’t get your groups together in the one place, at the same time.

“Selling the value” of the rewards and not taking for granted that potential participants will readily agree with your enthusiasm for the rewards of the plan.

These activities are a necessary part of the action to get people into the program enthusiastically, and they must not be short-cut.

When should you commence the incentive program?

There is no doubt that an incentive program must be carefully timed. Unless that occurs, incentives can work against you and ‘anytime’ can be extremely harmful.

Many otherwise sound incentive schemes founder only on that one aspect of timing. Timing is the segment of the total program you have most control over.

You need to consider the needs of all the participants before an attempt is made to submit the ‘best’ time.

Also, you need to make sure that your own house is in order and be certain that you can supply your products and services at the planned time.

Too often, an incentive period is chosen and elementary, important activities are overlooked. Public holidays, machinery maintenance periods and staff leave are all potential, but identifiable, interruptions to the flow of goods and services that are the subject of your incentive program.

The loss of credibility, caused by these oversights, can be irretrievable, the cost in expenses high, and both your planning and ambitions frustrated.

Ken MacKenzie’s web site “The Marketing Update” is at http://www.themarketingupdate.com. He has had some 30 years experience in small business marketing and public relations and, prior to establishing Ken MacKenzie Communications in 1993, he was a Senior Consultant for over five years with International Public Relations Pty Ltd. He has also consulted to the United States Foreign Commercial Service, based in Sydney Australia. As a Consultant, Ken has managed many accounts including Monier Roofing Limited, NUS International Pty Ltd, MasterFoods of Australia, the Jakarta Promotion Board, the Australian Made Campaign, Boral Roofing, Boral Bricks, Boral Plasterboard, Frontline Business Services and Sydney Point of Sale. In his consulting capacity to the United States Department of Commerce in Sydney, Ken served as Principal Advisor to the United States Trade Centre Director on major U.S. trade event planning and implementation of numerous U.S. Government sponsored trade shows covering many different industry groups.

Filed under: Sales Management — Admin @ 5:14 pm

Spreading Your Investment And Savings Risks

The world stock markets are going through quite a turbulent period at present and on average around ten percent has been wiped off some of the leading markets over the last month. In this article I write about how on a personal note I try to save in a series of different financial products which helps me to spread the risk, including when we have these stock market falls.

I started saving money on a regular basis about five years ago. At this stage the stock market in the UK had just had some dramatic falls after the terrorist attacks in New York. I wanted to build up a kind of rainy day fund and decided to invest monthly premiums into a unit trust. I started saving £50 a month and over time I increased this figure.

I have to say that I have been very lucky as my investment has done very well, I have even over the last couple of years cashed in some of the units to pay for our family holidays. At the start of this year the stock market in the UK was showing its highest levels in five and a half years.

In the five years that I have been investing, I have bought and now own a large number of units in this unit trust fund. What it now means however, is that if the stock markets have a period just like the one it has had, it costs me financially on paper quite a lot of money.

I now believe that my exposure to the stock markets is high enough and have decided that I will leave the units that I have invested in the fund as they are, but that I will not be adding to them. Instead I am going to put my regular savings into one of the high interest regular savings online bank accounts. This of course is a way of spreading the risk.

I have no idea which way the world stock markets are going to go over the next few months. Many people are saying that the United States interest rates may rise and that this could have a damaging affect on world markets. There could well be another major terrorist attack which could of course result in dramatic stock market falls.

I am hoping that the stock markets will continue to rise in the same way that they have over the last five years and that the falls over the last few weeks are just a blip. I just think that I have enough money invested and would like to start building some form of other savings in a safer type of environment.

Stephen Hill helps to promote a number of websites including:

lower telephone bills

stuttering advice

Filed under: Finance News — Admin @ 3:32 am

RSS