Wednesday, March 4, 2009

How To Generate As Many Sales Leads As You Can Handle

Writen by Neal McCrea

New business is tough. Prospective customers perceive that doing business with you for the first time is a risk. You know it's not (I hope!), but they don't. Even if they speak to your satisfied customers, it doesn't remove the risk completely. "How do I know it'll work for me?" they say.

To remove that barrier, you must adopt some or all of the risk yourself. What do I mean by that? Well, as an example, a 30-day free trial would be more of a risk to the supplier, rather than the customer. You need to work out how many customers would cancel after the 30 days, versus how many more people you would sign up by removing the risk.

Here's my approach to working out the numbers on this:

1. What risks does your prospective customer perceive in doing business with you? Here are some common ones:

• Will you deliver what you promised me?

• Will I get a return on my investment?

• Will you complete the job?

• Will you complete the job on time?

• Will you deliver the quality of products and services you agreed?

• Will you overcharge me?

2. How can you overcome each of those risks? Will you accept penalties for non-delivery or late delivery? Offer a free trial period? Or a money-back guarantee? How about a fixed-price quotation? You may need to build some contingency into your price to compensate for the extra risk you're taking on. Typically in a business-to-business quotation the contingency can be around 20-30%.

3. Make a simple cost-justification for your new strategy, to further convince yourself it's worth doing:

a) How much extra business do you think you would gain by removing the risk (based on past experience of lost sales or people who "did nothing")? Make it a percentage, say 10%.

b) How many of these new customers would you lose because you didn't perform as you'd promised? Hopefully this is only a small number.

c) Even if you hadn't given them a specific up-front guarantee, you would still have lost them if you screwed up seriously. Say 10% again, because you may get some time wasters who would ask for a refund anyway.

d) Annual profit from new business = total annual sales × percentage increase × average value × gross margin (for example 3,600 × 10% × $100 × 25% = $9,000)

e) Annual loss from "returns" = new sales × return rate × cost per return (e.g. 360 × 10% × $10 = $360).

f) You know it makes sense, when you can make an additional $9,000 and only lose $360! Just by adding a few well-chosen words to your new business sales messages you can boost your revenue and profits dramatically.

4. Build your new risk removal strategy into your standard sales offer. Use it in all your mail and advertising promotions.

5. If no-one else in your market offers this, make it a key part of your Unique Selling Proposition.

Neal McCrea has generated over $20 million in business over the past 15 years. His website http://www.newmarketingplan.com contains hundreds of ideas, tips and templates to help with your lead generation.

Tuesday, March 3, 2009

Internet Mortgage Lead Guide

Writen by Jay Walker

The Internet has changed the way people evaluate, compare and choose Internet mortgage lead services. Each day more and more mortgage consumers use the Internet to study and purchase mortgage loans and mortgage refinancing. As a result of this Internet mortgage leads thousands of mortgage seekers fill out forms on thousands of Internet mortgage lead generation websites requesting mortgage loans from mortgage lenders. These Internet mortgage leads are made available to you by an array of internet mortgage lead generators. The big question is: are internet mortgage leads worth of effort and cost? It will be worth when you choose quality Internet mortgage lead which is a lead that closes!

Exclusive Internet Mortgage Leads are a boon to all those in the Mortgage Industry today and could be purchased online! This is a new technique in the mortgage industry to offer mortgage loans to the needy. These internet mortgage leads are seen to have given freedom and flexibility to consumers, mortgage leads and mortgage lenders. All that the consumer is expected to do is to search for "internet leads". Search engines will list many accredited Internet mortgage lead providers at a click!

Hence in general, websites of Internet mortgage lead providers bring the mortgage consumers, mortgage leads and mortgage lenders under 'one roof'. So, the mortgage consumers will fill up the online loan request forms. This information provided by the mortgage consumer will be sorted out by the internet mortgage lead generators and will be distributed to the concerned mortgage lenders. Since it's all done online, these generators will use filters, based on the following parameters, to be more specific about choice of leads. The parameters are credit rating, type of loan required, loan amount required, home equity, geographic location etc.

Through Internet mortgage leads any consumer could understand all about the mortgage lenders and lead generators before attempting for a business. However, there are just seven questions that the mortgage consumer is likely to encounter variations of no matter which Internet mortgage lead generator he or she chooses. The mortgage consumer will be asked to specify the state, loan type, property type, credit requirements, Loan to value ratio (LTV), loan amount and ZIP code. The number of leads the mortgage consumer receives will be closely matching the filters he or she chooses. The more flexible the consumer is, the more leads will be sent. Note that all companies will allow mortgage consumers to change their filter preferences to better customize their leads. Certain types of possible errors can be credited to the consumer's account. For example, false email addresses and leads that turn out to be unqualified. In general, the consumer's forms will be sold to a maximum of three mortgage lenders, so the consumer can enjoy three competing offers among which to choose with a guarantee that both the mortgage consumer and the mortgage lender are treated fairly.

To maintain a healthy supply of leads to work is one of the most challenging parts of any lead generator's job. The following are the five most common problems lead generators face while generating leads and let us see how internet mortgage leads solves them.

  • Uninterested prospects could be solved.
  • Slow response time could be improved.
  • Tedious follow up could be made easy.
  • Poor return on investment could be made great.
  • Unreliable supply could be controlled.

Internet mortgage lead companies are doing the marketing work for mortgage lenders. They find prospects, and the mortgage consumers close the deals. Hence it is easier for the consumers to realize the dream of owing a home! For the lenders, it's easier to increase sales to keep profit high. Internet mortgage leads are thus a win-win situation for all!

Jay Walker is a freelance author for the finance sector. More information regarding this topic can be found at http://www.nrleads.com and http://www.dotloan.com.

Monday, March 2, 2009

Online Registration Success Help Them Feel At Home

Writen by Bill Flagg

By now your prospective attendees know who you are, they know what your event is all about and they want to attend. Don't send your prospects running by sending them to what is obviously someone else's website.

'Integrated' means 'Easy'

In one of my previous articles I wrote about making it easy for your prospects to register with you. One major part of making your registration process easier on your registrants is to blur the line between your business, your promotional materials, and the registration system itself. Integrate your registration system into your business.

Where does that link go?

With some online registration services, your attendees click from your site to your registration provider's site. This has the potential to be confusing to your attendees and may make them uncomfortable sharing their contact and credit card information. Your prospects have become accustomed to the look and feel of your business or your promotional materials; don't eliminate that trust by abruptly introducing a third party.

What can I do to put my prospects at ease?

You can avoid confusing your attendees by matching the border, headings, and font colors on the registration pages to your site's theme. A good registration provider will make this a standard configuration. Also, upload your logo into the custom header and/or footer pages. Now when people click to register, they will see your brand, your colors and the familiar ad copy you use.

Why not give your attendees that warm, fuzzy feeling when they register?

I sincerely hope this article makes your conference and seminar registration even more successful!

Bill Flagg is the President of RegOnline
Putting smiles on the faces of over 9,200 event-planning professionals worldwide because it is the easiest-to-use online seminar and conference registration system available.

P.S. - If you would like to receive more tips like this via email then go to http://www.RegOnline.com/eTips

Sunday, March 1, 2009

Lanyards Explained

Writen by Scott Fleming

I've been in the supply/retail industry for some 15 years now, however until recently had never heard the term Lanyard. During the process of setting up my company, and still occasionally today when discussing my company's business activities, I'm still asked "what's a lanyard?"

Now, everyone knows what a lanyard is, they just don't know it by name. Described as a neck strap, security strap, ID strap, ID cord etc everyone has seen then, a large portion of us have worn them, and most of us have, in some way been advertised to, by them.

Described in my copy of the Oxford dictionary as a 'cord worn round the neck or the shoulder, to which a knife etc. may be attached'. The uses for lanyards has gone well beyond that singular description, and although there are still a variety of end uses, in commercial terms the two primary reasons are for identification or promotion.

Used by conferences, trade shows, event staff, or staff of medium to large companies, lanyards are used to attach a myriad of styles of credentials holders. For promotional campaigns the lanyard can be fitted with many differing attachments and accessories including key rings, crocodile clips, snap hooks, Dog clips, carabineers, mobile phone holders, bottle holders, bottle openers etc.

The reason for supplying a lanyard, (as a give a way or for means of security), together with the functional aspect of the attachments, makes them a commonly wanted, required and used item.

In addition to this however, customizing a lanyard with your organizations unique message and/or logo, together with your own design specifications and color scheme, will provide additional advertising that will be seen repeatedly by both the wearer and those in their company, due to the practical nature and therefore constant usage of the lanyard.

Lanyards are manufactured from many different materials, and depending on the level of detail required, the intended market and the expected usage, it is crucial to choose the correct product for your design. Materials range from the less costly imprinted polyester, the harder wearing silk woven style or the very specialized heat transfer option. Each option should be discussed in detail with your supplier to ensure that your specific needs are met.

This article was written by Scott Fleming, Sales Director of Lanyards Plus, based in Vancouver, Canada. For more information and visual images relating to the content of this article please navigate to the following web site: http://lanyards-plus.ca

Saturday, February 28, 2009

Marketing Strategy

Writen by Steve Valentino

In simple words, a marketing strategy is the HOW and WHY of a marketing plan. Marketing strategies need to be based on good plans, without which you will lose direction and focus. Here are a few tips for creating market strategies.

Start with Vision and Mission

Vision asks the question: "What do you want to become?" As the leaders and thinkers in the organization, foresight is very important as it defines any action that should be taken from that point on. Mission asks the questions, "Why do you exist?" as well as "What steps are you willing to take to achieve your goal?" This takes into consideration the present situation, as it reflects strengths and weaknesses that help you make a solid evaluation of where you are at the moment.

Look outward

Be aware of trends in the market, as well as other outside factors that might affect it. Taking a global perspective into consideration allows you to think creatively and beyond the sphere of what you are comfortable with. Being a keen observer prepares you for any changes in the market.

Look inward

Make an assessment of competitors and threats, keeping your friends close, but your enemies closer. Nothing is more thrilling than knowing how to adapt to competitors who are willing to fight tooth and nail for your precious market share. Know what you are up against so you'll never be a step behind.

Be innovative

Lastly, after gathering all the data, plan your marketing strategy and learn how to think outside the box. Successful strategies have been borne out of creative minds that were willing to make a difference when everybody else was doing the same thing. Although some cut-and-dried strategies have worked, it takes an ingenious one to put you at the top. Don't be afraid to be different.

Marketing Strategy provides detailed information on Marketing Strategy, Website Marketing Strategy, Internet Marketing Strategy, Email Marketing Strategy and more. Marketing Strategy is affiliated with Affiliate Marketing Services.

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