Friday, March 21, 2008

How To Create An Tidal Wave Of Prospects Joining Your Business

by Mark Hall

You went into business to make a profit so I know you'll read this article with great interest. I'm going to give you a sure fire way to get more customers to accept your proposals. The technique that I will disclose has been mastered by some of the best retail chains in this country.

A couple of weeks ago my wife insisted that we go to the furniture store. I did not understand her sense or urgency. Although we had talked about getting a new couch the one we had was in decent shape. She explained to me that this was the last day of the big 50% off sale. So off we went to the furniture store.

Why did this occur? This business has mastered a time tested technique for customer acquisition. They not only announce a salesomething that has value. They actually go a step further as they include a deadline where the offer ends. This tactic creates a sense of urgency in the prospect motivating them to purchase more product.

The most profitable businesses in this nation utilize this technique. Sometimes you don't have to recreate the wheel. Simply customize this technique to fit your business. A long time ago grocery stores would send out coupons to prospective customers advertising their best deals. They learned that the coupons that had an expiration date on them consistently out preformed the regular coupons. Why did this consistently occur? People thought that they were going to lose out on a potential deal.

This is an extremely powerful emotion. When we feel as if we are about to lose something we fight hard to keep or obtain the item. You can create an instant demand for your product or services by limiting their availability. Make your prospective feel as if they are losing out by not doing business with you.

Give this technique a try and see the difference it makes to your bottom line. Run a promotion on one of your products where they can save 40% if they purchase it within the next week. In order to get your customers emotionally engaged put a clock or timer on your website that shows that time is running out on the promotion. Though out the week remind them of the dead line. I'll bet you will sell more product during that week than in prior weeks.

Someone my argue that because you are lowering the price your profit margins would decrease. Sometime you've got to give a little to get a lot. Remember many customers will not only purchase the promotional product but will also at some later point purchase additional product and services from you. They will become what every business highly covetsrepeat customers.

Mark Hall has had a rewarding sales and marketing career. He invites you to take a look at his vemmabuilder or vemma website for more suggestions on increasing your internet business.

Work From Home Online

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