Sales Promotions
Tips & Advice to help you make your decision on Sales Promotions
Does your business need an innovative way to boost sales and reach new customers? If you would like your business to reach higher levels of success, then you might want to consider learning more about the benefits of sales promotions. This could give your business the advantage that it needs to reach its financial and growth goals.
Sales promotions can involve a wide variety of services. A promotional agency might help you create an advertising campaign that reaches out to your target audience. This could include radio commercials, television spots, or websites. Of course, you might also want to consider traditional promotional opportunities. Publishing an advertisement in the newspaper, for instance, is an effective way to reach certain market segments. Innovative promoters might want to use guest celebrities and other unique events to boost sales for your business.
Since there are numerous options to choose from, you should consider exploring the different promotional agencies that can help your business. Business.com gives you the chance to explore the various features and services that you might want to consider. The links at left will take you to websites that should offer the kind of information that you need to make a choice that will benefit your business. <.p>
Easy Sales-Boosting Techniques
Ka-ching! Ka-ching! Make the cash register ring!By Carol Smalley, entrepreneur/editor/trainer/writer Carol Parenzan Smalley The phones aren't ringing. Your Web site receives just a handful of daily hits. Your sales numbers are in a slump. Employee morale (including your own) is in a downward spiral. Stop pouting and do something about it. It doesn't take a miracle to turn around your sales figures, just a little creative thinking. To boost your numbers, you need to:
- Get creative.
- Motivate your employees.
- Revisit your sales plan.
Develop a customer loyalty program
Keep customers coming back and entice them to purchase more with a loyalty program. Popular programs include frequent buyer clubs and loyalty cards. Reward your customers with discounts, cash back, store credit or a free gift with purchase.
Try: Purchase low-cost punch cards from Business Card Source or order custom loyalty cards from Arthur Blank & Company or Duracard or .
Up-sell and cross-sell
Think of a customer who's ready to buy as a customer who's ready to buy more. Up-sell to a higher-end product or service and cross-sell with products and services that complement the one being purchased.
Try: Not sure how to up-sell or cross-sell? CRM software, such as MySAP, can help you analyze customer buying patterns to determine cross-sell and up-sell opportunities.
Create a referral rewards program
Turn your satisfied customers into your best salespeople by launching a referral reward program. For every one, two, or ten referrals you receive from a customer, reward them with discounts on products and services, free gifts or free shipping on purchases.
Try: Ask for referrals on all your customer communication materials. Slip a pre-addressed, postage paid postcard asking for referrals into shopping bags or set up a referral form on your ecommerce site.
Lure customers with coupons
Coupons can entice new customers to give your products or services a try. They can also encourage existing customers to buy more than they normally would or to make a purchase today rather than next week or next month.
Try: Place coupons in coupon mailers like Valpak, or take a digital approach with online coupons (at Coolsavings.com) or text message coupons.
Motivate your sales team
Pump up your sales team and your sales will get a shot in the arm. Financial rewards and commissions aren't the only way to energize salespeople. Setting goals, providing training and offering opportunities for growth within your organization can help light a fire under your team.
Try: Find a list of sales training courses from Dale Carnegie Training.
- Follow up on all sales. The first sale is the hardest. Use it as a springboard to build the relationship with the customer.
- Use the word "free" with caution. Some free offers may turn potential customer away. A free product should have value to the customer (not the company) to be effective.
- Offer a guarantee for all products and services. By removing the risk, customers are more likely to spend money.
- Surround yourself with sales experts -- your customers, employees, suppliers, and partners. Ask for their opinions. Integrate only what you think would be beneficial to you, your company, and the bottom line.
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