How often has this question been asked by you, your boss, your sales manager, or someone else?

The only one who really knows the answer is your former client.

So, why don’t you ask this person why s/he no longer buys from your company? You might get lucky and find a client who is prepared to talk, but keep in mind that s/he has moved on and may not want to talk to you.

Also, your customer probably will give you only one reason, then thank you for your efforts and wish you well.

How much have you learned? Not much at all.

Recently, I lost a client for whom I had created a suc­cessful direct-mail campaign. This marketing effort had produced a nice 1,148.85% Return on Investment (ROI).

Later, I found out from my client she was upset with the slow response that she was getting from me regarding a marketing questionnaire for which she had paid. After answering the questions, my client wanted her market­ing analysis, but we just couldn’t seem to find a mutually convenient time to get together.

Ultimately, I gave her a refund on the questionnaire and we parted friends.

However, to this day I feel that there had to be some­thing more. Maybe there was a hidden “decision-maker,” someone else who had a final say about who my client does business with or who harbored some ill feeling. I felt very bad when I lost my client because I was hoping that there would be a long and profitable relationship for both of us.

Sometimes it’s hard to pinpoint the definite reason why someone chooses to stop giving you his/her busi­ness.

It can be hard to determine what complaints s/he had about you that led to the decision. Oftentimes, you are left with very little information. Working backwards to discover what went wrong can be very difficult.

However, if you are prepared to ask a new client for a lit­tle time after the first sale or, even better, after s/he has been buying from you for awhile, then you probably can determine the things that keep him or her coming back and buying from you.

After the relationship with your client gets past the new phase and is “long-term,” ask him/her why you get his/her business. There will be many reasons, not just one or two. You may have to probe a little, so ask some open-ended questions. I’m sure that it will be worth it.

Build a file or a database of the answers that you get—the reasons why your clients came to you, of course, but also (if possible) the reasons that they stopped using your competition.

Learn from their answers and discover what you can do to prevent clients from going somewhere else. You can benefit by using what you have learned with your next prospect. This information will help you to convert him or her into a new client.

What are you willing to ask your clients about?

Does your business make the same amount of profit from each client?

The answer, obviously, is no.

Your customers are not created equal.

Give or take a few percentage points, 80 percent of your sales will come from 20 percent of your customer base.

It is wise, therefore, to categorize your clients into five distinct categories. Use 1-5, or A-E (or some other rating system that you develop), with 1 or A being your best and most profitable clients and 5 or E being the clients with whom you spend a great deal of your time but from whom you make very little profit.

“Twenty percent of the customers account for 80 percent of the turnover; 20 percent of the components account for 80 percent of the cost and so forth.”

- Vilfredo Pareto, Pareto’s Law

After you have categorized all of your customers, I suggest that you “fire” the ones that make up the bottom of the list.

I know that this sounds like a bold thing to do, and maybe even a little bit crazy, but you will find that your business is more profitable in the end.

The easiest way to rid your business of the trouble­some “low-end” clients is to raise your prices.

Again, this sounds like a bold thing to do, but your better cus­tomers know that price isn’t everything. Your business should have the service and value to back up your prices.

A price increase should send your “low-end” cus­tomers to your competitors. Believe it or not, you will benefit from this.

These customers don’t care about the value that you offer and they take up a lot of your time.

These clients are not interested in anything but price.

Let them go!

Let them slow down your competitors and give them the headache of being busy for very little prof­it.

Meanwhile, you will be able to spend your valuable time working with the better customers on your list.

You already know that most of your profits come from your best clients. Therefore, focus on keeping only the better clients. Work to get all of them to the “number one” cate­gory by offering amazing value when they give you their business.

How many clients do you have in each category?

After you have read everything that you can about marketing (including these ideas), after you have traveled thousands of miles in your “personal automo­bile university” (listening to educational CDs and MP3′s in your car), and after you have studied all of the infor­mation that you can find everywhere else, then it is time for you to write your marketing plan.

Gather all of your experience, education, and advice and decide what you will do to grow your business.

Begin by trying and testing your marketing ideas.

Use small and safe tests.

Estimate how long that it might take for you to see the results of your efforts by creating a marketing calendar to help to guide you along the way.

This road map will help you to see how overlapping plans and campaigns affect each other. More importantly, use your marketing calendar to track your results. This will allow you to see clearly which efforts were profitable and which should be discontinued.

Learn to keep each marketing tactic that you under­take flexible.

You will quickly discover which efforts prove to be effective. You will want to use them again, expanding them into new geographic areas and markets.

Unfortunately, you also will find out which efforts proved to be bad ideas, ideas that did not create meas­urable profit. These marketing efforts should be elimi­nated. Don’t waste valuable time and effort trying to fix them. Stick with what works or try something new.

On your calendar, use highlighter pens in different colors to indicate how long the results of each campaign should take.

If you’re a more “digital” type of person, there are many good computer programs and online tools to help you to track your marketing efforts.  In fact, you might want to check out Fast Marketing Plan. There are many tools that will make it easy for you to compare visually how the actual results measure up to your pre-implemen­tation expectations. This information will help you to “fine-tune” your ongoing efforts.

How flexible are your marketing efforts?

Do you know what happens if you don’t use what you learn?

You lose it.

It’s gone, forgotten!

And all it takes is 21 days.

I heard this long ago.

Since then, I have proven it to myself through personal experience.

It’s easy to for­get what you have just read, listened to, or watched on a DVD or the Internet. There are many distractions in life, and it’s very easy to put things aside.

Last week, I received a quote in an e-mail that said,

“Knowledge that’s not being used is like having no knowledge at all.”

If this is true, then it is important to start using what you are learning from these and other blog posts right away.

Try one idea, and then another.

Take notes as a reminder of the ideas and concepts.

Reread these blog posts and the notes that you’ve taken while reading them until the ideas are fixed permanently in your mem­ory.

Jay Abraham, the author of Getting Everything You Can Out of All You’ve Got (Truman-Tally, 2000), says that he has read Scientific Advertising—a self-published book by Claude Hopkins first issued more than 50 years ago— at least 30-40 times. According to Jay, he pulls out a new nugget or different spin on an idea each time that he reads Hopkins’ book.

How much of what you told yourself you should be trying have you forgotten this week?

Sandy publishes a wide variety of tidbits about marketing and marketing plans on a frequent basis here and at: http://www.FastMarketingPlan.com

Entrepreneur’s Toolbox to Help You to Market Your Business
(While Cutting Costs and Increasing Efficiencies)

An “Entrepreneur’s Toolbox” includes things that must be within the prospective entrepreneur’s very person but also; external tools.

First, let’s cover what you – the prospective entrepreneur – must have within yourself, in order to have a productive future.

First-and-foremost, “vision” is an absolute must.

The most successful visionaries normally have a very big picture of where it is that they want to be. (It is easier to scale back to a more practical  – and smaller – overall vision than it is to open your mind to a larger vision; once you have set your mind to something small and simple).

Secondly, you must possess plenty of “Self-Trust”.

Many speak of “innovation” as part of the ideal entrepreneur’s mind. Well, without belief in your ideas and the inner trust in yourself that what you wish to provide is needed in the world, your ability to innovate means nothing!

And, last (certainly not least) an entrepreneur must have a bit of “Intuition”. And, despite some of the ideas that the term ‘intuition’ may bring to mind, the sort of intuition that I am referring to is simply: “Knowing something without knowing how you know it”.

And, while it seems to be an in-borne quality, intuition can be developed.

The purpose of this article is to show you the external tools that can develop your intuition – as well as your vision and self-trust – to its fullest potential; in order to cut your costs and to increase your overall efficiency!

A proper business and marketing plan, devised by an outside, expert source; can help you to avoid the mistakes that many make. (Passion and drive are great qualities but, sometimes they get in the way of the bottom line!).

When it comes to your marketing, it is important to be aggressive but also, to be sure that you aren’t aggressive to the point that you trap yourself into one course of action.

Also, you don’t want to ‘burn yourself out at both ends’. So, a well-tuned Marketing Plan is absolutely crucial. To go along with that marketing plan, it is positively a must to possess a detailed, easy-to-use Marketing Calendar.

As covered in one of our other informational articles, a marketing calendar can also help you to be sure that personnel staffing, budgeting and foresight are already taken care of; with little work coming from you! Therefore, you save money, can dedicate your time to more constructive things than worrying and, have that overall satisfying feeling of stability.

A Budget Plan is very important, alone. And, while it is fine-tuned and worked-around (as well as made to be flexible) within your marketing plan (and calendar), having a realistic, organized and easy-to-monitor budget plan is an absolute must. And, just like your other external tools, a budget that is designed for your particular business and reviewed by objective experts increases the odds of your business being a success.

Just like your Marketing Plan, your overall Business Plan should contain “what if” strategies.

No matter your foresight or intuition, you can never be completely certain what emergencies may come up; nor, can you always correctly predict what you competition is going to do.

Put simply, our Business and Marketing Plans must be very flexible and objective. Being “fixed” in your planning can lead you to failure; in fact, it normally does, for most!

A Strategic Investment Plan is something that you must have ready when beginning your career as an entrepreneur.

While you may know exactly what you wish to invest in and when, just like the tools covered above, you must have plenty of flexibility in terms of your investment planning.

What your competitors do, things that happen in the economy and possible failures of past marketing are all things that may play into your needing a flexible and objective strategic investment plan. And, a common mistake that many make is grouping their investment plan in with their budget plan. When you put some thought into those two things, it becomes apparent that they need to be separate; or else you wind up with too many important factors compartmentalized into one category!

Also, depending on your business, you may be thinking more locally than Globally. Well, the right Marketing Company takes things like this into account from the very start. If you consider yourself as an aspiring entrepreneur (or if you are already an entrepreneur looking to increase his success) we have plenty of essential and proven tools that can help you along your way!

Who Will Buy Your Professional Services?
By: Sandy Barris

Are you an engineer, IT consultant or a dentist? How about a business coach, facilities manager, project manager or any of the thousands of professional services wanted by millions of businesses?

Have you recently been downsized or layed off? Or, have you retired and are climbing the walls wanting to get back in the game.

If so, stop and pull out your magic wand, wave it around a few times and imagine creating the perfect professional services business —without fear of failing—what would it look like?

Got it pictured. Now, take your magic wand and break it in half because whatever professional service business you choose to create, you’ll always be in sales and marketing business.

Why, because if you won’t market and close business deals, you’ll have a rough time staying in business.

Of course, one of the keys to your success in a professional service business is knowing, without a doubt, who will want and can afford to buy whatever it is you are offering.

One of the ways to get started is to figure out what and who the perfect client may look like to you:

• What business niche are they in?
• What markets do they serve?
• Who supplies that business niche with goods & services
• Where is that niche located?
• Are there enough businesses in that niche to be profitable?
• Can they afford your services?
• Who would recommend their products or services

Answer these questions and you’ll be well on your way to discovering exactly who’ll want your services.

Next, market to your perfect client using many different marketing approaches. Some will work better than others. Some will start out like gang busters then fad off. Others will crash and burn with no ROI. It’s all good because every success and failure is a lesson and brings you closer to succeeding in your business.

The key here is to create an overall marketing strategy that includes 15 or more marketing tactics. The more marketing tactic you try, the greater your chance of getting in front of the perfect future client.

Keep in mind people absorb information in different modes. Some people like information presented verbally. Talk to them face-to-face; send them a CD/DVD or an Mp3 they can listen to in their car.  Others want info visually; they like to see videos, graphs, charts and pictures to fully understand what you offer.

You should test many different marketing tactics.

• Build an optimized website and use the Internet to describe the benefits of your service using video, audio and the written word.
• Go to networking events.
• Approach your suppliers for referrals.
• Host webinars and pod casts because they are the 21 Century brochure.
• Grow your database
• Email market your growing database
• Create a local Pay-per-click internet marketing campaign
• Develop a social media marketing plan
• Join LinkedIn, Facebook and 3-4 of the other top SMM sites.
• And that’s just the tip of the iceberg.

Whatever marketing you do, provide a compelling reason to try out your services. If a future client has a choice between many similar services or does not have a compelling need to buy your service, your company will not grow fast.

Targeting big business? Your ideal future client may be hidden deep within the corporate structure. Professional service providers have sometimes found it was easier to sell at a department level rather than target the CFO.

But, it can pay to go to the top first, so you can name drop to the rungs down under. Granted, it’s a lot harder to get to the CXO’s. Is it worth the effort, you’ll have to be the judge. Now, keep in mind that when you do get in front of the CXO, birds of a feather flock together and it could be your ticket into many more C-level opportunities.

Discover what your perfect future client looks like, and how to get in front of him/her and you’ll be well on your way to growing a successful professional service business.

5 Simple Secrets To Social Media Marketing Success To Grow Business
By Sandy Barris

Let’s face it, you can’t go a day without hearing about, seeing the effects of or feeling your gut telling you learn more social media marketing techniques to help your grow your business.

Social media marketing (SMM) is everywhere.

You watch a news report and the newscaster gives you their Twitter name and asks you to Tweet them. Your best friend puts up a Facebook page and asks you why you don’t have one yet? Your boss asks you to create a Linked In page for him and to get him connected with as many of your clients, suppliers and prospects as possible.

And, that’s just the tip of the iceberg.
Here are a few mind-boggling social media stats to ponder.
•    200,000,000 – active Facebook users
•    10,000,000  – average daily Tweets
•    900,000 – average number of blog posts in a 24 hour period

Nielsen Online shows that: Social networks and blogs are now the 4th most popular online activity ahead of personal email. Member communities are visited by 67% of the global online population; time spent is growing at 3 times the overall Internet rate, accounting for almost 10% of all Internet time. Wow. And to think it’s exponential. Today, this. Tomorrow?

So, how can your use social media marketing to help grow your business?

1. Social media marketing is a great way to generate traffic to your website. Every time you post anything anywhere, complete your post with your contact information, a call to action and a link back to your Website, landing page or your Blog.
2. ost to your blog every 2-3 days. Post tips, tactics and techniques. Reveal secrets, “how-to’s” and ideas. Keep your content fresh and it will be picked up by the searched engines and served up as valuable information when someone hits on one of the keywords in your blog posts. If you don’t have a blog, see tip No. 3 below.
3. Post comments on other people’s blogs, on message boards, on forums and Facebook posts. Answer peoples questions, Help solve their problems and ask for there help solving your problems too. Post book reviews on Amazon and other book seller sites. Every post will help to build your credibility in that community. Let’s face it, he more credibility you build, the more likely people will click on your signature link to see what else you have to say and offer.
4. Create Pod cast and videos of your content and distribute using the many free and paid distribution services on the Internet. One of my favorites Websites for video distribution is Tube Mogul, a free service that sends your videos in the correct format to 26 different website for video distribution, saving you time. Plus they have great tracking tools to see how far and wide your videos are distributed.
5. Use your public profiles as an integral part of your Social Media Marketing plans and search engine marketing strategy. Everyone searches online, including your prospects and customers. Having strong, keyword ladden, public pages helps people find you fast.  Every time you put up a new public page, or update an existing one, it calls the search engines and let’s them know to come and see the new information. As you create your profiles you are actually build up your name recognition, and making it easier for people to find you, and you want to be found, don’t you?

The benefits of Social Media Marketing are hugely important in their role as a search engine marketing strategy.  The more traffic to your website and blogs, the more connections you make, equals more awareness, leading to sales and higher profits for you and your business.

When will you start your social media marketing plan and kick it into high gear?

Do you know what happens if you don’t use what you learn?

You lose it. It’s gone, forgotten!
And all it takes is 21 days.

I heard this long ago.

Since then, I have proven it to myself through personal experience.

It’s easy to forget what you have just read, listened to, or watched on a DVD or video.

There are many distractions in life, and it’s very easy to put things aside.

Last week, I received a quote in an e-mail that said, “Knowledge that’s not being used is like having no knowledge at all.”  If this is true, and IMHO it is, then it is important to start, immediately,  using what you are learning from whatever source you learn from, right away.

Try one idea, and then another.

Take notes as a reminder of the ideas and concepts.

Reread these secrets and the notes that you’ve taken while reading them until the ideas are fixed permanently in your memory.

“To make sure this goal was achieved, I created eight laws of learning; namely explanation, demonstration, imitation, repetition, repetition, repetition, repetition, and repetition.”
- John Wooden

One famous marketing Gooroo (I refuse use his name because he doesn’t practice what he preaches) once said that he has read Scientific Advertising—a self-published book by Claude Hopkins first issued more than 50 years ago— at least 30-40 times.

According to this Gooroo, he pulls out a new nugget or different spin on an idea each time that he reads Hopkins’ book.

How much of what you told yourself you should be trying have you forgotten this week?

Proof Will Help You Sell More Products, Services and Ideas:

Go ahead, take a few minutes today and look at every marketing message you are putting out…

Ask yourself:
Am I providing my reader, viewer and listener the proof and credibility that what I’m saying is indeed true?

How many times have you seen an ad on TV and said to yourself “Yea. Right. Sure it is?”

Let’s face it… we are all slammed with so many marketing messages a day, that we stop believing most of them.

So how do make your marketing messages more believable?

Start by take a closer look at the benefits of what you are selling.

Think about all the ways you can prove your benefits actually exist.
Ask yourself:
•    What are the strongest “Reasons Why” anyone should believe they’ll get what I promise?
•    How much more specific can I be?
•    What solid proof have I offered showing what I claim it true?
•    Have I begun to think about how I can strengthen my guarantees?
•    Is there a way to demonstrate your product/service in action?
•    Can you get a celebrity endorsement?

Answer these questions and apply these ideas to what you are selling and you are well on your way to providing the proof people need to believe your benefits will deliver.

“No way of thinking or doing, however ancient, can be trusted without proof.”
-Henry David Thoreau

Quick Bonus Marketing Tip:

Thousands of marketing experts say that it costs 5 to 6 times more to win a new client than it does to retain an existing one.  What about your company? Is it true for you too?

Yet, most companies spend a small portion of their sales and marketing budget on client relationship management.

Take a moment and think about how much more profit you could generate by deepening your existing client relationships?

Rather than finding ways to get your sales people to “make 20 unqualified appointments this week,” instead, think about the easiest way to building stronger relationships.

Think about all the way you can say “Thank You.” All the ways you can show that you appreciate their business and enjoy the relationship you have.

Here are a few simple ways to get you started.
1. Send a hand written thank you card or note.
2. Drop off a small gift.
3. Bring a flower to the gatekeeper you’re trying to get past.
4. Take your client to breakfast or lunch to talk about ways to improve profits in the coming year.
5. Hold a customer appreciation party.
6. Have your CEO write a personal letter of thanks.

Now go out and give thanks. Show your appreciation.
It feels great and is sure reduces your client attrition rate.

Did you learn something today that you can use in your business or in your life?

Wherever you go and whatever you do, try to focus on learning something.

Useful information is everywhere—for example, you can find it in meetings with prospects; in attending seminars; and in reading books, magazines, and newspapers.

The information you learn can be applied in many ways.

There is something useful to be learned in every situation, even when you see or hear something with which you don’t agree.

It does you no good to be critical or angry.

These attitudes usually prevent you from learning something.

For example: A former business partner of mine complained a lot. He would go to various seminars and would get upset if the speaker didn’t cover every single item on the syllabus or covered them in a different order. I would tell him, “So what?”

“When you’re through learning, you’re through.”
- Vernon Law

To me, it was far more important to take away something useful from these seminars.

In every situation into which you are thrown, it’s important to learn all of the useful information possible.

Ask yourself constantly, “How can I use this idea or that concept to help to my clients or myself grow our businesses bigger and stronger?”

Every piece of information has the ability to lead you closer to your goal, but you have to recognize the opportunity.

Remember to write down everything that you can while you are learning. If you don’t, you risk losing the idea, and it may be gone forever.

What useful information did you learn today?