Archive for category sales tips
What Holds Us Back From Business Success?
Posted by Mark Satterfield in marketing strategy, more clients, sales prospecting, sales tips on January 18th, 2010
We all start our businesses with great dreams. Owning your own business is an opportunity to achieve a level of success that most of us will never realize in the corporate world. Why then is success so elusive?
Without a doubt there is a huge gap between dreaming about success and actually achieving it. What holds back so many small business owners and entrepreneurs? There are certainly many factors but one of the main culprits is business development.
Put simply, many new business owners, especially those in services businesses, greatly underestimate how difficult it is to attract consistent streams of new clients. This comes as a surprise to many entrepreneurs, especially when their business model only requires that they add two or three new clients each year. Intellectually we think to ourselves that this can’t possible be all that difficult.
What makes this deceptive is that getting our first few clients is usually fairly easy. If we’ve done anything close to a reasonably good job of developing a network of clients, a few of them will throw some work our way.
However what most fledgling consultants and advisors fail to realize is that their network doesn’t have an infinite amount of business to give them. After the first rush of activity it’s likely that you’ve received most of the business you will get. Returning to to this group in 6 months is likely not to yield much more gold. The reality is that you can very quickly lap the track if you are not bringing new people into your circle of relationships. This is where things often start to fall apart.
Which is why systems become so important. Systems for getting new people to raise their hands and express interest in who you are and what you do, and systems for building trust and credibility through regular contact.
Without such systems, small and solo services providers are almost always doomed to failure. The initial clients go away, pleased with the work you’ve done, but unable to offer you more. This puts you back at the starting gate. From this proverbial square one, you must once again start the process of trying to get that next piece of business. Since the cultivation time for developing prospects into clients is often considerable, the repeated cycles of feast or famine become inevitable.
Although it’s not particularly difficult to set up a system that will alleviate this problem, so few business owners do. Which raises the question of, why?
It’s my belief that many people think that it is too complicated and too much hard work. I find that ironic that these same people are willing to work extremely hard servicing their clients, but are unwilling to do so on their own behalf.
What do you think?
How Long Should A Sales Letter Be? The Ideal Length Of Your Next Lead Generation Letter.
Posted by Mark Satterfield in Direct Mail, Free Sales Letter, Sales Cover Letter, Sales Letter Template, marketing letters, sales letters, sales prospecting, sales tips on September 1st, 2009
One of the more common questions that I get asked in my sales training seminars on lead generation is “How long should a sales letter be?”
Although there are no hard and fast rules, and no shortage of conflicting opinions, here’s what has worked best for our clients.
First, it’s important to differentiate between writing sales letters in the business-to-business market vs. writing letters directly to consumers. Although there is a natural overlap, there are some crucial distinctions. One of which is that consumers tend to have more time and willingness to read a lengthy sales letter than those who are perusing your letter while they’re at work.
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***In the consumer market, the old saying that “the more you tell, the more you sell” has some bearing on how long your letter should be. When marketing to consumers, a 4-page sales letter out-pulls a two page. A 8-page letter does better than a 4 page. At what point are there diminishing returns? There really doesn’t appear to be one as long as two variables are kept in mind. 1) Mailing to a list of highly targeted prospects, and, 2) Writing in a style that engages readers. In other words, “If I’m interested in the topic I’ll read what you have to say (as long as it’s interesting) but if I’m not interested than one page is probably too much.”
There are tactics copywriters use in terms of format and structure that make longer letters more likely to get read. The first is the use of stories. As one successful writer of fund raising letters (probably the most difficult and competitive market for copywriting) commented, “Tell me that 1,000,000 people died of starvation in Africa, and I’ll probably just throw the letter away. However, tell me the story of Sam, who’s an orphan, reduced to eating bugs to survive, and I’ll whip out my checkbook.”
A second suggestion concerns layout. With a lengthy sales letter it’s likely that it will be initially quickly scanned, rather than read in detail from the very beginning. That’s why sub-headlines are so important. They propel readers from one section to the next, and for the reader who is just scanning, they indicate areas that may be of particular interest to specific readers.
However in the world of B2B sales letters the rule of “the more you tell, the more you sell” doesn’t apply so neatly. It’s still important that your letter be targeted to a very specific niche. The more the reader sees a reflection of themselves in your opening sentence the greater the likelihood is that they will read further into the letter. And, it should go without saying, that the tone and prose of the letter should be welcoming and appropriately informal so that it engages the reader.
This is why letters that are one or two pages in length tend to do the best.
This makes a great deal of sense when one considers the environment in which the B2B letter is read. It’s quite different from reading a letter in the comfort of your home. In consumer mailings the initial decision on whether to pay attention to the letter is done over the trashcan and largely based on what appears on the envelope. Once the letter makes it into the “read” pile, it stands a good chance of actually getting read in its entirety.
That’s different than letters that are received at the office. First, they may not actually arrive to the intended reader in their envelope. It is far more likely that they are in a pile in an in-box. (What to put on the envelop to get it past the screener has been discussed elsewhere.)
But the main difference is the level of distraction that exists in the B2B environment. As the letter is read, the phone is ringing, there is someone waiting outside the office and the prospect’s mind is trying to juggle multiple tasks. Thus it is imperative (even more so than in writing to consumers) that the first sentence hooks the reader’s attention. There are multiple ways of doing this but my favorites are here:
There is another factor that must be considered when writing any sales letter but one that is critically important in the B2B market. “What do you want the person to do once they have finished reading the letter?”
With a 6/8/10 page letter we can actually sell products (albeit low priced ones) to readers. However in the B2B market the level of services that are being offered doesn’t make this practical. Unfortunately the “call to action” of asking for a meeting tends to be too much-too soon and usually fails to elicit a positive response.
The calls to action that work the best in B2B are either 1) offers of additional information or, 2) a statement that the writer will be calling to arrange for an appointment in the next few days. Offers of free information will result in a higher response rate, but using the letter as a lead-in to an appointment setting call can work well also. When I was an executive at Kraft, if a letter seemed on point, I would give it to my secretary with the directions that “If this person calls go ahead and schedule a brief meeting.”
Naturally if you want more information on what to say in those follow up calls my telephone marketing scripts will be helpful. Find out more here.
Email Marketing Tips-Using Signatures
Posted by Mark Satterfield in Direct Mail, email advertising marketing, marketing letters, sales letters, sales prospecting, sales tips on August 27th, 2009
One often overlooked tool for motivating readers to take the next step in the sales process is to use your signature box.
I’ve created over a dozen signatures that I use on a regular basis whenever I’m communicating with prospects or clients. As with any good sales copy, the goal of the signature is to motivate people to click on the link which takes them either to a sales page or to a page offering some sort of additional information. For example here’s one that I use to actually sell a program.
Mark Satterfield
This sales letter made $76,894. Here’s how to write one.
http://www.gentlerainsalesletters.com/indexb.html
If I want to send people to a page that is designed to capture information on them in exchange for a free report, here’s a signature I use.
Mark Satterfield
How To Get More New Clients With No Cold Calling Or Hard Selling
http://www.GentleRainMarketing.com
You always want to take advantage of the opportunity to advance the sales process or further the relationship. You email signatures can help you do so.