Getting More Clients – Part 1

getting clients in a down economy

Are you looking for more clients for your business?

That’s kind of a silly question really, isn’t it? Of course you do! Nearly every business is always looking to attract new clients, unless their goal has been to attain a specific level and they have attained that level. How to get more clients can be a challenge, especially in an economic downturn.

Some of you who have been following me for some time are aware that I am now co-hosting podcasts with the Small Business Tips Show. Frank Thomas and I have recorded several podcasts already, and we recently decided to add something new to the mix.

The podcasts have proven to be very successful, so we thought, “Well, people are liking the audio and it’s working so well, maybe we should do some video broadcasts”. So, a couple of weeks ago we recorded our first broadcast. While the nuances of the recording software had not quite been worked out yet and the video isn’t the prettiest, we thought it was an important topic to share with you.

So what is this topic? Well, it’s about how to get more clients.

And, in fact, we found that there was so much to say about this topic that we actually broke it into two parts. Part one is being shared with you today. Read more

Know Your Customers!

know your customer kyc

How well do you know your customers?

Our previous post addressed the importance of knowing your competition. Today, we are following up with a presentation about knowing your customers, also known as KYC.

Indeed, knowing your customer is just as important as knowing your competitors. In fact, it might just be even more critical to your success.

This presentation will help you understand why this is so important, how to identify your client, and how to deliver your product and services in a way that ensures their loyalty. KYC is the key!

Watch our video and see how you can enhance your customers’ experiences.  As always, if you prefer, you can watch on our YouTube channel.



Until next time…

Are you ready to grow your business now? If you’re ready to take the next step and make your business more profitable, contact us today.

If you like the information you are receiving, please consider forwarding this post.

The Importance Of Knowing Your Competition

know your competitors

What’s your competition doing?

Regardless of whether your business is conducted primarily online or if you have a physical location, one of the most important factors to the success or failure of your business is that of knowing your competition.

We all know that others provide products and services that are similar to our own, despite the fact that we like to think that were unique. But by differentiating ourselves from our competitors, we do establish ourselves as being unique in some aspect of the delivery of our products or services.

Without knowing how your competitors present themselves to clients and prospects, it is impossible to create this differentiation.

But what information are you looking for? How do you discover what it is that your competitors are doing?

Watch our video to learn the questions to ask when looking to set yourself and your business apart from the crowd.  If you prefer, you can also watch on YouTube

Until next time…

Are you ready to grow your business now? If you’re ready to take the next step and make your business more profitable, contact us today.

If you like the information you are receiving, please consider forwarding this post.

A Guide To Creating Your Market Share

Market share

How do you create your share of the market?

In our last article, we talked about what market share is and provided five simple tips to help you get your piece of the pie.

Identifying, finding, and keeping market share is so critical to the success of your business that we thought it was important to do a follow-up article giving a bit more detail about exactly how to create your share of the market.

So, without further ado, here are the top three ways to create your own share of the market.

1. Be sure to differentiate your business.

One of the most important factors of creating your market share is to be sure to differentiate your business from your competitors. There are dozens, if not hundreds, of companies that provide the same services and products as yours. But what makes your company unique? Why do people want to buy from you rather than one of your competitors? Read more

Market Share – Getting Your Piece Of The Pie!

Goal setting

Get your slice of the pie!

Today I thought we should talk a bit about goal setting and market share. After all, the goal of marketing your business is to obtain clients and preserve your share of the market.

So let’s talk first of all about what exactly market share is. At its most basic definition, market share is the total number of loyal clients that your business has managed to retain over a specific period of time.

I hope you caught the key word in the definition above: loyal clients.

Without loyal clients you really haven’t got market share. While it’s true that having many one-time buyers can positively impact your financial bottom line, without the retention of these clients you have not captured any market share. In other words, the criteria is not about attracting clients, but bringing them in and keeping them. It’s about turning these customers from simply being purchasers of your product or service into advocates, referring others to your business as well.

The process of retaining and increasing your market share is continuous. The business cycle, like the cycle of life, always has someone exiting and someone entering. Even loyal customers will eventually die, move, or no longer require your product. Therefore, you should always be looking for ways to expand your market share.

There are a number of ways to do this, and some are naturally more involved than others. But let’s touch on a few of the more simple tips in today’s article.

1. Be innovative to stay relevant.

One way to improve your market share is to try to spot new trends ahead of your competitors. Watch the news, listen to friends, and check out new technologies on the Internet. Spotting and implementing advances and technical improvements in your niche can help set you apart from your competition.

2. Be responsive to your customers.

There is nothing worse, especially from a customer’s perspective, than having the sense of being ignored. We all like to think that we matter, and the failure to respond quickly to the needs of your clients will send them flocking to your competitors.

3. Ask for feedback and use your customers’ ideas what appropriate.

Ask your customers what they like – and don’t like – about your products and services. Not only will this allow you to be more responsive and make improvements to your products and services, but it makes your clients feel valuable as well. There are lots of ways to obtain this, including online surveys through services such as SurveyMonkey and MailChimp

4. Buy out your competitor.

That’s right, I said buy out your competitor. If you have the financial resources, it may help to purchase a competitors business. This gives you direct access to, and ownership of, their client lists.

5. Be flexible.

Are you available when your clients need you? Is your product or service able to be modified to better fit the needs of your client? These are just a couple of very easy ways to gain customer loyalty and grow your market share.

These five tips are fairly simple to implement. Understanding what defines market share, and applying one or more of these tips should provide you with the fundamentals to start growing your business.

Until next time…

Are you ready to grow your business now? If you’re ready to take the next step and make your business more profitable, contact us today.

If you like the information you are receiving, please consider forwarding this post.

Target Market vs. Ideal Client – Know The Difference!

target market or ideal client

Do you know the difference between your target market and your ideal client?

I’m sure by now you’re very familiar with the phrase target market. Identifying your target market is one of the fundamentals of marketing, and is a key component of ensuring a successful marketing plan.

By identifying your target market, you’re making sure that the investment you’re making in your marketing program is successful in reaching the proper audience. After all, if your product or service is geared towards women between the ages of 40 and 60, it is simply a waste of time, money and effort to be advertising your product or service to anyone outside of that demographic.

Your ideal client, of course, is something a bit different. Identifying your ideal client and communicating with them is a refinement of your target market, and is something that you must take the time and effort to do.

Another way to put it is that your target market is the big picture. You identify a specific demographic that is most likely to require your product or service.  Of those people who fit this demographic, only a percentage will actually buy from you and become your clients. Some of these clients may only make one purchase from you and be gone. But your ideal client is the client who becomes your advocate; a loyal customer who also provides referrals. Read more

What’s Up With Email Marketing?

newsletter

Everyone is familiar with the concept of email marketing.

Of course, the definition of email marketing is using email to promote, sell, teach, or otherwise engage your clients and prospects. Over the past several years, using email as a marketing tool has become increasingly popular. This is because it is a relatively inexpensive way to keep your product or service uppermost in the mind of your prospects, increase repetition of visits from your existing customers, and interact with many people at one time.

However, the increased popularity of email marketing has created a double edge sword. Along with the growth in email marketing came a massive increase in email spam. Inboxes have become flooded with the digital equivalent of junk mail. And some of this junk mail isn’t innocuous, but contains viruses and Trojans. This enormous increase in spamming has resulted in the passing of antispam legislation in North America; Canspam in the US, and CASL in Canada.

Antispam legislation has impacted how email marketing is operated. A couple of examples of this are; marketing emails must clearly delineate that they are for marketing purposes, they must go to a targeted audience, and recipients of marketing emails must have opted in to become part of your email list.

But these changes have not eliminated the potential of using email marketing. There are still several valid ways to integrate email marketing into your overall marketing plan.

Of course, for any type of online purchase or e-commerce transaction, email is vital. For the purposes of online purchases, email serves as a confirmation of purchase and provides the purchaser with a receipt.

In many cases, businesses will offer e-books or white papers to encourage people to join their email list. This is sometimes referred to as an “ethical bribe”, and is very commonly used as a way to increase a company’s list of prospects while giving something of value in return to the person for providing their name and email information.

Informational emails are also very common. They often take the form of an eNewsletter, and are generally sent on a regular basis such as weekly, monthly, quarterly, etc. The purpose of these newsletters is to continue to keep your clients and prospects engaged and informed of happenings within your business. They can provide reviews of what the company has been doing as well as updates of what to expect in the future. If you are providing a newsletter to your clients and prospects, it is important to be sure to provide opportunities within the email for them to share the information via social media channels or by email. This can help to grow your list of prospects.

There are several email service providers, such as MailChimp, Aweber, Get Response, etc., and it is very beneficial to utilize one of these services for your email marketing requirements. They allow you to segregate your clients and prospects into various lists, permitting you to target your offerings. They also allow you to run campaigns and will provide you with statistics, as well as A/B testing to see what is working best in your email marketing. Templates are available within these applications as well, which enables you to design an email that is consistent with your brand.

Getting people to join your email list is becoming more and more difficult. Visitors to your website are digitally inundated with offers of e-books, white papers and various other ethical bribes, and are becoming weary of that approach. But by providing something of value for joining your list, and continuing to provide quality information on your website, you can continue to attract subscribers.

Be respectful of your subscribers and be sure to protect their privacy, and you will build a loyal following.

Until next time…

Are you ready to grow your business now? If you’re ready to take the next step and make your business more profitable, contact us today.

If you like the information you are receiving, please consider forwarding this post.

The Secret Sauce To Engaging Your Audience

engage your audience

How to engage your audience – not as hard as you might think…

Well folks, I try to provide quality tips and marketing information every Tuesday and Thursday to post on our Articles and Posts Page. And, to be perfectly honest, sometimes I struggle with the content. This is because I don’t just want to fill space, but I want to make sure that I am providing you with something that will be beneficial to you in your own business.  I like to engage my audience.

I’ve written about many topics over the course of the last several months and it is my intention to ensure that I am providing you with information that is timely, effective, and relevant. I want to provide you with new information and not just rehash the same old messages.

Which brings me to today.

I started the day by reflecting on what I have posted over the past several weeks, and I realized that, although I’ve given many tips and strategies about various elements of the science of marketing, including ideas about how to use video and various other marketing tools, I really haven’t addressed the topic of content in very much detail.

But I didn’t just want to talk about the usual aspects of content marketing. I didn’t want to talk about keyword optimization. I didn’t want to talk about guest blogging. I didn’t want to talk about syndication. All of these are important elements of content marketing, and I likely will address these in future posts. However, to me, the most important element about engaging your clients and prospects through your content is to be compelling.

So, are you ready to learn exactly what the secret sauce is to engaging your audience?

It’s not really that much of a surprise. In fact, it’s actually pretty simple.

It’s called telling a story.

When we are trying to tell our point of view, or teach something, or share something with our clients, our prospects and our readers, we want to capture their imagination. The best way to do this is by telling a story.

Since the early days of man, storytelling has been part of our culture. Look at the cave paintings of our far distant ancestors. Reflect on the history that are taught by archaeologists of how our indigenous people would sit around a campfire and relate the stories of things like hunting and traveling and setting up camp. These were times of celebration; of sharing and of ensuring that the stories would be carried on from generation to generation to generation. Of course, this was before we had invented a way to write an alphabet of some sort, and communicate through the written word. And, although the written word makes it easier to ensure that stories are passed on for generations are not lost over time, we still must ensure that these words are delivered in a way that is compelling, compassionate and interesting to keep our audience engaged.

Let me give you an example of how storytelling can help engage audience rather than just simply relating the facts.

If I was to tell you that I found a way of creating a following on Twitter that would enable you to increase traffic to your website, and capture the attention of more potential business, that tells you a reality of exercising a certain marketing technique.

Now, if I was to tell you that at the beginning of July, I employed a method that enabled me to increase the traffic on my website by 800% through simple technique on Twitter, would that capture your attention? If I was to tell you that I engaged personally with every person who followed me on my Twitter account, responded to direct messages, thanked people for mentions, retweeted information that was relevant to my followers, and made a point of personally engaging with some of these people, not just on Twitter but also on LinkedIn on Facebook, would that paint a bit of a better picture than simply saying that creating a following on Twitter could increase traffic to your website?

Both stories have the same ultimate message. The difference between the two is that the first simply states the facts, while the second speaks more personally about some of the things I did, making it relatable to my audience.

So don’t be afraid to use examples when you’re communicating with your clients and prospects. Everybody has a story to tell, and everybody understands some aspect of everybody else’s story. Telling a story humanizes your article. It helps make your message more relatable, and resonates better with your clients and prospects. It changes your message from that of a clinical approach to a personable, friendly piece of information that helps build trust, familiarity and engagement.

Until next time…

Are you ready to grow your business now? If you’re ready to take the next step and make your business more profitable, contact us today.

If you like the information you are receiving, please consider forwarding this post.

7 Mistakes Consultants Should Avoid Making With Clients

communicate

Don’t make these mistakes with your clients.

In our last article, we discussed the 7 things clients should avoid doing when working with consultants. But, as we pointed out, there are 2 sides to every story (at least), and consultants can also create problems with their client relationships.

So, in the belief of balance and fairness for all, we now will address those things that consultants should avoid doing with working with their clients.

7 mistakes that consultants should avoid doing that can interfere with a good working relationship:

1. Not being realistic about timelines.

One of the worst things that a consultant can do is to give unrealistic timelines on delivering their product or service to their client. Sometimes a client might want delivery in a timeframe that can’t be met; sometimes a consultant will promise a timeframe that is a stretch in order to get the job.

Regardless of how this circumstance arises, no one is doing either side a favor by promising to deliver something in an unrealistic timeframe. Something will suffer. Creating a timeline that can’t be met and requires an extension only serves to create tension and mistrust between the parties.

2. Not being clear on expectations from the client.

It is vital to establish expectations right at the beginning of any project. Of course, sometimes things will come up as you work through a project that weren’t identified at the outset, and will need to be included as you proceed. But there is nothing worse than being unclear about what deliverables you need from your client in order to deliver a quality product or service. Keep the lines of communication open so that each side understands what is needed to accomplish the common goal.

3. Not giving the client enough warning to provide information and materials.

This was an issue that was identified in our previous article, and it is equally applicable here. Most times, consultants need to have information and materials from their clients in order to proceed on the project, and not having these items in a specific amount of time results in delays and frustration on both sides. Be sure to give your clients a list of information and materials you require and when you need them. Communicate via email and telephone regularly to make sure that the project is not being unduly held up.

4. Making changes to the plan without client interaction and approval.

As stated in our previous article, as projects move forward they often need adaptation and refinement. When this circumstance arises, be sure that to bring the client into the discussion about how and why things might need to be changed. This ensures that there are no surprises on you client’s part, and gives you an opportunity to explain why any changes might be required to enhance the final product.

5. Not being available to the client.

The single most important thing in your relationships is open communication. I don’t care if we are talking about your friends, family, or clients, communicating with each other is the key to success.

So make sure that you are available to your client. Of course, there are times that you won’t be immediately available, but make sure that they know that you will get back to them within a specific time frame. Encourage them to leave detailed voice messages if they are calling and to communicate via email so that you know how critical the response time is.

6. Giving an unrealistic budget.

Sometimes, a consultant might low-ball the cost of a project in order to obtain the job. This is a big mistake on many levels.

First of all, you will establish yourself and your reputation based on price, not quality of work. This is a dangerous area to play in, as nearly always, someone will come in lower.

The second issue is that you most likely will not be able to produce the product or service at the lower price, which puts you in the position of either having to eat the loss or go back to your client for more money. You won’t be in business long if you continually lose money, but even more importantly, you will lose the trust and respect of your client, which can have far-reaching effects on your reputation.

7. Not establishing a payment schedule with your client and billing regularly.

Part of the initial discussions about a job should always include how much the job will cost and what the payment schedule will be. This should be formalized in the agreement. Once the project is moving ahead, be sure to adhere to the schedule that was agreed to and send your billings out in accordance with this agreement. This allows your client to integrate your billings into their systems, ensuring that payments are made on time and removing the potential of collection issues and cash flow.

The common thread in both these articles, and in all these mistakes, is communication. If you are communicating with your client and your client is communicating with you, most of these issues can be avoided – or at least minimized!

Until next time…

Are you ready to grow your business now? If you’re ready to take the next step and make your business more profitable, contact us today.

If you like the information you are receiving, please consider forwarding this post.

How To Use Video For Lead Generation

video marketing

Are you using video yet?

When people think of using video in their marketing, they often dismiss it because they think it has to be flashy or funny or expensive to produce.

Nothing could be further from the truth! As explained in our previous post, creating a video can be as easy as capturing something on your smartphone and uploading it to social media, YouTube, or your website.

And video is becoming an outstanding tool for lead generation. With the use of things such as email gateways and calls to action, this format is quickly becoming an essential part of your marketing and lead generation arsenal.

Let’s take a look at how video can help you with lead generation.

1. In-Video Gating

Gating is not a new concept. I am sure we are all familiar with being asked for lead information prior to obtaining something of value. For instance, many businesses will ask for an email address prior to releasing a white-paper or an eBook. In fact, we do this ourselves. In order to get our Business Evaluation, we ask for information to add subscribers to our newsletter. Generally, in-video gating is used the same way as text-based gating like in my example, and is used to obtain contact information before a video can be watched.

Some gateways are very simple, asking only for an email address, while other are more complex and ask for name, company, email and phone number, etc. Regardless of the information gathered, the concept is the same; a visitor to your site/landing page who was previously a stranger has now become a known, viable and valuable prospect. By obtaining this information, you now have permission to engage them in a conversation through email or an actual sales call.

2. Calls-To-Action (CTA’s)

Just like in video gating, you are most likely familiar with CTA’s. In fact, it is probable that you are already using them on your website.

CTA’s are used based on the concept that ‘if you don’t ask, you don’t get’.

Using CTA’s for video is no different than using them on your website. If you simply load your video and allow it to fade to black without at least asking your viewer to interact, you are missing an opportunity. If a viewer has watched your video to the end, capturing that interest and directing them to your site or an offer only makes sense. Typically, video CTA’s come in three forms:

A) Annotations:

An annotation is a method of adding text and links to your videos on YouTube. You can create these annotations to appear at any point during your video, and you can determine how long it stays on the video. Annotations are great to get people to subscribe to your channel, other video content, or link them back to your website.

B) Pop-Out CTA’s:

Because annotations are limited in design capabilities, you may wish to use a pop-out CTA or embed a form to encourage engagement and to collect contact information.

C) End of Video CTA:

One of the biggest mistakes you can make is to allow your video to simply fade to black. An end of video CTA has the same purpose as the pop-out CTA or annotation, except that they appear at the end of your video. YouTube calls them Cards, and although they can be placed anywhere within the video, it is more effective to use them as an end of video CTA. Use end of video CTA’s to direct your viewer to your desired next step, such as visiting your website. Or, try embedding a form to capture their information and offer a free download in exchange. Research by Vidyard has demonstrated that viewers who received an end of video CTA for a free trial of their product converted at 21%, vs. only 1% of viewers who did not receive a CTA. Clearly, the inclusion of an end of video CTA can have a huge impact on your marketing efforts.

So, as you can see, once you have decided to include video into your marketing plan, the next logical step is to engage your viewers by integrating some form of lead generation strategy.

Simple and powerful, start using them today and see how your marketing results improve!

You can also visit our YouTube Channel.

Until next time…

Are you ready to grow your business now? If you’re ready to take the next step and make your business more profitable, contact us today.

If you like the information you are receiving, please consider forwarding this post.

YouTube
YouTube
LinkedIn
LinkedIn