Adding upsells and downsells to your original offer will increase the price point of initial purchases.
Nearly every business uses upsells. When you buy a pair of shoes, you’re offered polish to go with them or when you buy a burger at a fast food franchise, you’re asked if you want fries with it. These are time-honored examples of upselling in retail to increase the price point of each transaction.
Another time-honored way to ensure you don’t lose a sale entirely is to offer a downsell. This is aimed at people who may have reasons for not needing or purchasing the main offer (usually a lack of funds) but may still want some element of your product or service.
The philosophy of upsells and downsells for any business is fundamentally the same. When your customer is in a buying mood, you want to offer them something else they may be interested in because that’s when they are most likely to buy. Here are 5 tactics to help you gain more profits with your upsells and downsells.
How To Improve Your Online Marketing Strategy Skills
Crafting an effective online marketing strategy will get you more leads and more buyers.
Crafting an effective online marketing strategy always starts and ends with your customers. Your job is to create or find solutions for their problems. Most people go to a website to seek a solution to a problem.
That solution could be just information (in the case of a blog) or it could be a product or service they need (in the case of an ecommerce website). Whatever it is, you need to make it simple for them to find what they seek.
When you put emphasis on developing your online marketing strategy, you’ll be a lot more successful. You’ll get more leads and more buyers than if you don’t develop a strategy.
How To Generate More Online Sales For Your Offline Business
You’re not going to generate more online sales if nobody knows your eCommerce website exists.
If you currently have a business that is mostly offline and you sell a product or a service, you can start to generate more online sales if you set up your website the right way.
In the first instance, you may need to adjust how you target your audience. Those people who like coming to your store might not be the right people to encourage to buy online. Instead, target people who don’t live nearby. Knowing who your customers are, their values, and where to find them online will help generate the extra sales you’re looking for.
Do Your Customers Feel Like They’re the Most Important People in the World?
Do you know how to make customers feel valued and appreciated?
Providing excellent customer service may be one of the most important things you’ll do in your business. After all, if your customer service is poor, you’ll lose current customers and perhaps future customers too when they find out.
Your business wouldn’t be here without someone to buy your products, services or recommendations. That’s a fact. Learning to make your customers feel important so they feel super-special is part of the job as a business owner and should be a major goal going forward.
Do you have the bold confidence necessary to succeed in business?
When it comes to having success in business, your mindset has more to do with your success or failure than you realize. You also may have a negative mindset and not be aware of it. A success mindset in business means that when you have challenges, you’re able to work through them with confidence and clarity.
It means that when you are presented with an opportunity you’ll be able to set fears aside and take advantage of the opportunity and build a more powerful, and more enjoyable, business
Here are 5 keys elements to achieving and keeping a success mindset in business.
Running a successful business means having customers who are willing to pay for your product or service. But how are you going to find those consumers? Who are your best leads? And how do you move them down the funnel and eventually convert them into customers?
That’s why before creating marketing campaigns and optimizing your lead generation strategies, it highly important to build a lead generation funnel first. A proper lead generation funnel will help you to skyrocket your entire conversion process.
This infographic will provide you with all of the data you need to build a lead gen funnel for your own business and help you track your leads as they move through it.
Marketing and advertising is an investment to get customers to buy your products or services.
No matter whether your product is digital or physical, you must promote it if you want to make sales. There is no “build it and they will come” scenario that works in the real world of business.
A lot of business owners think that marketing and advertising is an expense. They see it in the same terms as paying taxes. However, when it comes to your business, marketing and advertising is really an investment. Essentially, any expenditure that can bring in more money than spent is considered an investment. Here are 10 unique ways you can promote your products and services.
Contests are a great way to increase brand awareness, create buzz about your products and services and boost engagement and sales.
Hosting a contest is a very effective marketing strategy that has been around long before the internet. It’s been around a long time because it works. It helps bring in buyers, causes a buzz and spreads brand awareness.
It’s no different when you create an online contest. They’re a great way to engage with your audience, and add readership to your website content and people love them!
A good contest can pay off for years to come due to the publicity that occurs long after it’s over.
Search engine optimization (SEO) is the best way to get your website seen on search engines like Google and Bing. If people can’t find you, they won’t know how much your business has to offer them. If you think about it, if you don’t use updated SEO practices and work to provide the best experience to your audience that you can, they’re going to miss out. Then you’ll miss out.
You can do a lot right now to make your SEO better, and some of it quickly. These 17 tips will make a huge difference in how SEO is working for you to get more traffic, convert more customers and generate more income.
You’ve probably heard a lot about how a membership website can provide your business with a recurring and stable income online (and remember, membership works offline too). You basically create a subscription website where the public is blocked from your content. It’s only available only members who pay a fee to access the membership area.
But getting people to join your membership is only half the battle. Getting them to stay is the other half. The key to member retention is to under promise and over deliver. Creating a subscription website, no matter how lucrative some might be, isn’t for everyone. Do you sometimes wonder if starting a membership website is right for your business?
Let’s look at some factors that can help you decide.
Quality Clients Come From Good Business Relationships
As a business owner, you’re automatically in sales – regardless of what type of business you are in. But many people think of sales as something that’s uncomfortable and even underhand.
There are numerous derogatory jokes about the so-called “used-car salesman”. We often get mad with sales people who ring our doorbells, we hang up on sales calls, and we even block ads on our internet browsers.
Because of this, the message is loud and clear. Sales people are bad. Sales people have sold their soul and don’t know how to build good business relationships. But have they?
Get Ready To Generate More Leads From Your Website
One way to make more money for your business is to generate more leads. To get more leads, you’ll direct your target audience to a specific landing page that has a specific offer. And more often than not, you’ll be using paid advertising to buy website leads.
But if you think about it, your website home page is a landing page for people who happen to find your website via search engines, referrals, social media or offline sources. And you should treat it just like any other landing page. You don’t want to leave them in the dark on figuring out what to do.
You wouldn’t do that if you created a landing page for a specific product, service, or lead magnet, right? So, don’t do that on your website home page. Treat it like any other landing page. Here’s how you can generate more leads from your website home page.
When you sit down to make goals in your business, it’s important to not only make short-term goals but also long-term goals. You need to know the overarching goals for your business. Where do you see your business in 5 years time?
Are you and your business prepared for the change that is going to come whether you like it or not? By design, you can prepare for these changes and ensure that your business grows in the next 5 years.
When you’re trying to decide on the best online business to start, there are many things to take into consideration. Your business should be something you will enjoy doing, that you’re good at doing, and that is in demand.
If you don’t have those three things, you may give up before you start making money because starting an online business isn’t guaranteed overnight money. It takes time, just like any other business startup.
Here are some questions to think about. Your answers will help you decide.
Passive income is a form of income that you can earn without having to work and work for it. Rather than continuously working in order to keep the income stream consistent, when you generate passive income, you do the work once and then earn money from that work without having to do anything else.
However, some people are a little dubious when it comes to passive income, and question whether it really exists. It’s easy not to have much trust in passive income when you don’t know of the ways it can be generated.
There are many so-called gurus who will claim that email marketing for your business is dead. But, the fact is that it’s not dead and it’s not over. Email is still the most effective online marketing method that ever existed. It still offers a 122% return on investment by average according to research conducted by the Direct Marketing Association.
As a marketer, you should use real data to determine what will work best for you with your type of business and your business niche. Don’t rely on gurus to tell you what works and doesn’t work without checking the stats and the data. Then use data to make wise marketing decisions for all your marketing, including email marketing.
Here are 10 reasons why email marketing for your business shouldn’t be ignored.
Quality clients will listen if you understand a few facts about your business, your clients, and yourself.
An essential component of running a successful long-term business is the ability to attract high-value customers. Your customers are the most important part of your business because without customers you don’t have a business. Your job is to create value for your customers, and the best way to be able to do that is to choose the right customers.
Developing your business to attract high value customers is going to make a huge difference to your business. For one thing, they generally have more funds to spend on your products and services than low end customers.
No matter how interesting running your own business is, and how enthusiastic you are about all the great opportunities it offers, there will be some days when you struggle to stay motivated in your own business. You just don’t want to sit at that desk another minute and answer yet another email, write another blog post or tweet another message.
If your “get up and go” has got up and gone, here are a few suggestions to help you get your mojo back.
What’s Stopping You Building A Brand For Your Business?
One misstep can take years to undo and can even ruin an entire business.
Building a brand is the process of creating a unique name, message and image in a consumer’s mind. The goal is to differentiate yourself from others in the market and to attract and retain customers. The importance of branding your business can’t be underestimated.
A business with ‘good branding’ will be able to experience customers and potential customers holding a very positive opinion of it. And this is important as people buy from brands they, know, like and trust.
A business with poor branding means that people will generally avoid it and don’t want to be associated with it. You can probably think of at least one organization which you would not want to be associated with. Obviously, you don’t want your prospects or customers think about your business and brand in this way.
Build Online Relationships With Facebook Live Video
On the Facebook live video platform, live videos receive 1,000% more comments than recorded videos.
Building stronger online relationships with your prospects and customers is always a good thing. People buy from people that they know, like and trust. And the online business world can be a little impersonal. It’s easy to hide behind a website and never have any direct contact with your customers.
But when you build a relationship with your online customers, you’ll discover that your sales conversions will increase. A simple, and free, tool like Facebook live video is a great way of allowing your audience to learn more about you, trust you quicker and stay more engaged.
8 Ways Your Competitors Affect Your Business For The Better
There are benefits of competition in business.
Some people think that competitors affect your business in a bad way. But the truth is, if you don’t have any competition you may not actually even have any customers. The thing to remember is that if there is competition, someone else has already proven the niche works to earn money.
Your competition helps you define yourself. When you know your competition and what they’re all about, you’ll know better what you identify with – especially to your audience.
By watching what others are doing (or in some case, not doing), you learn much about what to do next in your own business. But, best of all, you learn where the gaps are in your niche, or where others are failing your audience and you become the go to person for that topic.
Marketing Your Business In Online Discussion Groups And Forums
Being part of any group or forum is like being part of a club.
If you’ve spent any time in online discussion groups or forums, you’ll have seen a lot of people come in and do “drive-by” posts to market their business. Many have good intentions and some may have unethical intentions.
But either way, good intentions or not, this isn’t the way to market your business in online forum sites or social media groups.
Building a community using forums and groups is a very important way to create many raving fans and brand advocates. It works for helping your affiliates make more sales, it works for showing your expertise, and it works for building your email list. It’s an important marketing component to add to your marketing strategy.
You can never create your best course until you create your first course.
When you create an online course and sell it online, it can be a great way to earn revenue. You create the course once and you can sell it over and over again. If you have something to teach the world and you have a website on which you can showcase it, then developing online training modules is definitely something that’s worth doing.
When you create online courses it promotes yourself and your expertise, it can make you money, and can also help to build a base of loyal users.
But, just like any other online venture, there are some pitfalls to avoid when you create an online course.