Giving Your Profits Away Or An Excellent Way To Grow Your Business?

When Striving to grow your profits local business owners will often resort to anything they believe may work.

Take coupons or vouchers.

These companies will approach local businesses with the offer that they can drive people to their door therefore making the business more successful

What they fail to emphasize is how much of your bottom line they expect you to sacrifice for their voucher system to work. So perhaps there are better alternatives?

Here’s an interesting opinion of coupon suppliers …

In 2012 there has definitely been an explosion of vouchers systems in the UK with the major players being company’s such as Groupon and Living Social.

Both of these major players have been around for some time and have established bases in the majority of cities around the UK.

But now there is also a growing trend towards niche sites such as Doorstep Deals in Swansea.

Do these voucher systems work and is it a good way to market your business?

They all have their good and bad points.

For example Groupon will usually deliver a high response rate with many people taking up the appropriate offer. But is it truly adding to your bottom line?

If you were a hairdresser in Swansea charging £100 per haircut and took Groupon up and their offer to promote your business you are usually encouraged to make highly targeted offers of say 65% discount.

Then you have to pay Groupon out of your remaining sale and are left with a very, very small return.

However, this may have been worth it if you are building awareness and brand, or was it?

Full article

At a time when margins are tight and business owners need the best returns on their investment, coupons from Groupon and the other big discount systems are actually delivering a poor return on investment unless your goods or services were grossly overpriced in the first place!

Business Marketing Problems For Local Birmingham Businesses

Small business marketing methods in Birmingham change daily so how does a local business work out what they should be doing?

Does Yellow Pages still work in Birmingham?

For some demographic businesses, it still delivers results!

Everyone knows that Yellow Pages continues to reduce in size.  For many small businesses this was devastating as they didn’t know of any other way to market their goods or services.

Thesedays small local business owners, whose main role in life is to control the business, find themselves in a confusing state as they are continually bombarded with sales people who will:

  • Get them ranked on page one of Google
  • Produce amazing results and leads using Google Adwords
  • Have their office produce an amazing website and video at hugely discounted prices that will have customers calling daily
  • Optimise a Facebook Fan page but all your clients are on Facebook and social media is the traffic source

And you wonder why local business owners are so frustrated and perplexed!

In spite all of this what remains is the fact that whilst technology evolves at an incredible rate, the process of marketing remains the same.

What am I on about?

Business Marketing in Birmingham – What Is Local Marketing?

Small local businesses simply don’t understand what marketing is and definitely underestimate the profit to be made from their own database.

Let me expand on this point.

The role of marketing is getting potential clients to know, like and trust you so that when they are ready to commit they choose your products or services.

They choose you because they initially made contact via your website, Facebook, Twitter , an online directory, etc. (the various paths to your door) and after they made that opening contact you stayed in contact using emails or Facebook posts and all the other ways you can stay in touch.

Perhaps you could think of it like this.

Not everyone who walks into a shop is going to buy that day. Perhaps they are window shopping.

It is at this time that you start the marketing process and build the know, like and trust factor.

What is fantastic about marketing online is that you can build the know, like and trust factor on auto-pilot when you have collated the potential customers email address or induced them to ‘LIKE’ your Facebook fan page.

Understand that if businesses put in the effort to put systems into place the path of prospect to buying customer becomes easy.

Businesses Marketing – Small Businesses and Simple Database

What is really sad is that the majority of business owners in Birmingham will not have a ‘back end’ system in place.

Your ‘back end ‘ is the most profitable part of any business and applies to every single business.

’Back end’ … What am I on about?

The back end system to which I refer is your customer contact database and the automated system you build into your business to continually market to these red hot customers.

Now this may sound simple and ‘I knew that’! But if that’s true, why is it so many businesses treat existing clients so poorly?

Think about this.

You work hard to get 500 visitors to your website.

50 sign up to receive your email, newsletter or whatever.

After all of this 1 out of the original 500 prospects buys and becomes a new client.

Then you try to drive the next 500 people to your website!

Hold on guys … this person who just purchased has shown they know, like and trust you but you now ignore them looking for fresh customers.

The only reason local business owners treat customers this way is because of a lack of a system!

Take a look at this typical business and how easy it would be to implement a system.

A plumber is called out to an emergency call, a leak, a boiler breakdown, anything. Once he has completed the work the plumber points out to the customer that they can save 25% of today’s call out cost if they join his fantastic value for money monthly maintenance contract.

Delighted with his work today they take up the offer and he now has a new monthly paying client.

Their personal information are added to his database and the system he has set up automatically sends out an email 1 week later to the new clients asking if they would leave a testimonial on his Google Places listing, or Qype, Yell, Free Index. So he now starts building up real testimonials, automatically.

His database system automatically sends out an email in May with a special offer to existing clients who want an external tap fitting.

You get the picture?

Build a back end and the money takes care of itself.

As a local business, marketing to prospects in Birmingham, what are you doing to maximize your profits from people who have already indicated they know, like and trust you?

Small Business Marketing Birmingham

Google Places or Google Local Listing

Google Local Business Listing

The option to have a free Google local business listing has been around for years but took on more significance in 2010 when Google pushed local listings to the fore. Only a few years ago completing a Google Map’s listing and being ranked on page one without a website was quite easy. However, Google has [...]

[Continue reading…]

Are Pay To Click Programs Really Worth Your Time And Efforts

Many people start out their Web marketing journey with PTC (Pay To Click) sites. That’s what I did. First, let me discuss what Pay-to-Click web sites are. A Pay-to-Click website pays you a small amount for simply watching a short advert, usually lasting around thirty seconds or so. Whenever you watch a complete ad (they [...]

[Continue reading…]

One Way Links Are Actually Crucial For Succeeding In Online Marketing

Any online marketer will tell you that if you want to be profitable, you must get interested people to look at your offers. One popular, but very pricy way to get web site traffic is by using pay per click advertising programs like Google’s Adwords. You don’t need to use pay per click to get [...]

[Continue reading…]

Here We Are Going To Discuss The Need For Inbound Links

Any Internet marketer will tell you that if you want to earn a profit, you should get interested people to see your offers. Many Internet marketers still use pay per click programs to get people to see their offers, although this can be quite pricy. You don’t have to use pay per click to get [...]

[Continue reading…]