How to increase your profits without any effort!
This relates to my previous email to you, and I just wanted to offer you a useful way of measuring your marketing results with the least amount of effort.
Let me use an example first:
Would you invest $50,000 into various stocks, and bonds, ignore them for a month, and then at the end of the month “just see” how points panned out and whether you made or lost cash?
Possibly not. You would probably be tracking every stock daily and dump the ones bleeding profits away before they can cost any a lot more money!
So why would you spend thousands of dollars on a variety of advertising and marketing ideas, and not TRACK them regularly to see that are producing income and which are losing funds?
Should you aren’t taking the time to measure and track each and every of your promoting channels, then you are essentially gambling or hoping on blind luck to make money.
In the event you do not presently have a method of tracking your marketing, then you Have to have to develop one, and if you ever are presently marketing in a way that can’t be accurately tracked…then why are you using it?
For all you know it’s COSTING you income with NO positive ROI…and I do not think you will be within the business of merely wasting money!
So how can you create a basic tracking system for your advertising?
Here’s a couple ideas:
1) Associate a “promo code” in each and every type of advertising (Yellow Pages, Newspapers, etc) that consumers must mention in order to obtain a discount. Then train your staff to ask if the consumer had a promo code to receive a specific discount, this will tell you where the Purchasing buyers are coming from.
2) Attach redeemable coupons into your print promoting materials (flyers, brochures, enterprise cards, etc.) so that the client is in fact bringing in your useful advertising with them.
3) Simply ASK every single buyer how they found out about your small business, specific offer, location and so on. (told you it was easy!)
Three methods to immediately start seeing where your most efficient marketing dollars are being spent! Now you just need to implement them.
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Date: May 15th, 2010 @ 00:16
Categories: LuckyHit