With over 25 years of frontline experience Tom Shay is America's leading small business
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Let’s give them something to talk about
Why is all of your marketing about "item and price?"
During a recent workout at the gym, the song by Bonnie Raite, “Let’s give them something to talk about” began to play. That is when I had the “ah-ha” moment from a couple of recent transactions with businesses.
Whether I am making a purchase as a business owner or an individual, I allow them to easily get my email address so they can begin to market to me and my business. I do so because I continually want to study what businesses do to interact with their existing, and now a new, customer.
For many, asking, “Can I have your email address?”, is no more professional than the person who simply says, “Can I help you?”
The person interacting with the customer, whether by phone or in person needs to give the customer a reason why that customer would want to hear from your business. Even with a customer ordering online, having a box that defaults to a check mark, stating, “Yes, I would to know about special deals, prices, and new products” and other similar statements are weak.
Regardless of these poor reasons for me to give a business my contact information, I do because I want to learn more about marketing from the many businesses reading this column.
Generally, the emails begin to show up rather quickly. Most often, the next day. Many of the businesses send emails more frequently than a person or business would likely be making a purchase from the business sending the emails.
The big disappointment is the overwhelming of emails are a barrage of announcements of “item and price” advertising. The emails include a photo of the item and a limited time offer of a discounted price.
This is where the business is experiencing a self-inflicted wound and creating the problem they so dislike. The customer is being told to watch for these emails to decide what and when they are going to make a purchase. Research has shown the bigger the discount a business gives the less likely the customer will return or contact the business for future purchases.
The reason? The type of person who decides where they are going to do business based on price is demonstrating they are a “price shopper” and their loyalty is to a better price instead of the better business.
What if the business were to do something different with that valuable contact information? Let’s suggest the business turns their efforts to content marketing.
Content marketing occurs when the business decides their first effort in “talking” with their customer is to tell the customer about the new products they have. Content marketing can give ideas of how to use the products the business sells. Content marketing can also share news of general interest to their customers. As an example, an art exhibit using a medium the business sells in a new methodology would give the customer, be it a business or individual, some fresh creative ideas.
The Bonnie Raite song? The title is repeated multiple times through the song and is a simple, “let’s give them something to talk about”.
That should be the purpose of your customer sharing their email address and their expectation of hearing from your business. That email is giving the customer something to think about; something to talk about; and something to act on. Is it going to be an effort to develop a “price shopper”? Or will it be an invitation to do business with your business that is unique?
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This article is copyrighted by Tom Shay and Profits Plus Solutions, who can be reached at: PO Box 128, Dardanelle, AR. 72834. Phone 727-823-7205. It may be printed for an individual to read, but not duplicated or distributed without expressed written consent of the copyright owner.
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With over 25 years of frontline experience Tom Shay is America's leading Small Business
Management
Expert. He's a "Must Have" for your next event.
Perhaps you have investments outside of your small business; gold, stocks, bonds or money market funds. With each you likely know what the rate of return is.
What about your busines? Do you know what the rate of return is for your business? You should. After all, you do not want to be the person who has just bought themselves a job.
We see a lot of social media with what we think is a "sympathy plea" do do business with local small businesses.
It is not going to work. People select where they do business based on positive reasons. We discuss what we are seeing.
Article of the Month
A timely article for the holiday season. With any business that has inventory, are you looking at sales per square foot? Are you looking to see which is the most valuable space in your business? You can increase sales by knowing which items to place where.
Book of the Month
Fix This Next by Mike Michalowicz. We love this description of the book; The biggest problem entrepreneurs have is that they do not know what their biggest problem is.
If you find yourself trapped between stagnating sales, staff turnover, and unhappy customers, what do you fix first? Every issue seems urgent - but there is no way to address all of them at once. The results? A business that continues to go in endless circles putting out urgent fires and prioritizing the wrong things.