Our money-making formula: We do 5 things: Generate Traffic (a lot of eye balls), Capture Leads (build a database so you can market to them long-term), Qualify prospects (eliminate tire kickers so people you talk to are ready, willing and able to buy), Convert Sales (money for you in your bank!) and Nurture (create long-term customers who give you raving review and generate a massive amount of referrals)
6. What do you spend now? Postage Printing Envelopes Letterhead Postcards Labour Hotel/Meeting Room Food/Beverage Invitations Printing Postage Labour Newspaper Magazines Google TV/Radio Tradeshows Internet Direct Mail Seminars Advertising
27. the real money is… FREE publicity convert material sell more sell to groups do speaking better clients
Editor's Notes
This is fundamental to our whole Business Multiplier system. If you are using the same methods to attract, sell and build your business that you were using 5, 10, 15 years ago using without accounting for how the consumer has changed, you will NEVER be as effective as you could be. Most business owners, sales people etc, were trained with techniques that were developed 10, 15 even 20 years ago and they just don’t work the same anymore. That’s why they struggle so much.
This is fundamental to our whole Business Multiplier system. If you are using the same methods to attract, sell and build your business that you were using 5, 10, 15 years ago using without accounting for how the consumer has changed, you will NEVER be as effective as you could be. Most business owners, sales people etc, were trained with techniques that were developed 10, 15 even 20 years ago and they just don’t work the same anymore. That’s why they struggle so much.
This is fundamental to our whole Business Multiplier system. If you are using the same methods to attract, sell and build your business that you were using 5, 10, 15 years ago using without accounting for how the consumer has changed, you will NEVER be as effective as you could be. Most business owners, sales people etc, were trained with techniques that were developed 10, 15 even 20 years ago and they just don’t work the same anymore. That’s why they struggle so much.
Here’s a simple model that we developed and we’ve taught it the world over to help companies in over 38 industries improve their sales performances. It worked for them and it’ll work for you. The blue triangle represents the population as a whole. The top of the triangle, the pink part represents the small number of people who’ll give you the vast majority of your income. It changes from city to city and industry to industry but most of you would agree with Perato who said that only a small % of the people (20 in this case) will give us almost all of our sales. The problem is that most of you spend forever trying to find hot prospects down here in the bottom of the triangle. The reality is that there just aren’t many “hot prospects” down here. You spend forever trying to sell to the UNKNOWN marketplace. What’s UNKNOWN is people’s predisposition to buy what you are selling. Stop that and your results will change. Instead, spend all of your time with the KNOWN marketplace. Only attempt to sell people who have identified themselves as SOMEWHAT predisposed to buy what you are selling. If they aren’t leaning towards you, don’t waste your time on them.
You may not be but that’s what consumers think. A chiropractor is a chiropractor. Are you more knowledgeable, better, more experienced etc, yes… do they see you that way? NO.
Are profits going up or down? Fees, Profits, Commissions, Results Better Mouse Trap