18 Feb 2008 04:33:57 | David Frey
Copyright 2005 David Frey
A study done by the Association of Sales Executives revealed
that 81% of all sales happens on or after the fifth contact. If
you’re a small business owner and you’re only doing one or two
follow-ups imagine all the business you’re losing.
Not following up with your prospects and customers is the same
as filling up your bathtub without first putting the stopper in
the drain!
But don’t be disheartened if you’re among the 90% of business
owners I talk to that don’t do any follow up. The good news is
you have ample room for profitable improvement.
Consistent follow-up creates a predictable and profitable stream
of prospects and customers that buy. Small businesses that
capture leads and follow-up with them enjoy higher conversion
rates and a higher percentage of referrals than those that
don’t.
After asking many small business owners the reason they don’t
follow up I often hear responses such as, "I don’t have the
sales staff to chase down all our leads", or "We’re usually too
busy to do a lot of follow up." These responses automatically
set off red flags that tell me that they lack a systematic
process for following up.
The problem is not that they don’t have the capacity to follow
up with prospects, it’s that they don’t have the systems in
place to do it. ______________________________________________
What Does a Good Follow Up System Look Like?
______________________________________________
A good follow up marketing system should have three attributes.
It should be systematic, meaning that the follow up process is
done the same way every time.
It should generate consistent, predictable results.
It should require minimal physical interaction to make it run,
meaning it should be able to run on autopilot.
Sounds like a dream come true for most small business owners
doesn’t it? Not only can it be done, it’s being done every day.
The secret to "follow-up marketing" is to make it automatic so
that you don’t have to lift a finger but the job still gets
done.
With today’s technology it’s simpler than ever. Automating your
follow-up processes gives you more time to work "on" your
business rather than "in" your business.
__________________________
Three Types of Follow Ups __________________________
There are three types of people you should be following up
with, suspects (people in your target marketplace), prospects
(people who have responded to your marketing but have not
purchased, and customers (people who have purchased something
from you.)
Each follow up message and offer will be different for each type
of person. With suspects, you’ll want to entice them to call you
or visit your store / office.
With prospects, you need to persuade them to make their first
purchase. And with customers, you want to convince them to come
back and do more business with you and give your referrals.
Obviously the hardest type of person to follow up with is a
suspect because they haven’t shown any interest yet in a pool or
hot tub and you usually don’t have their contact information.
But that’s not true with prospects and customers. You not only
know who they are, but you should already have their contact
information.
And if you follow up with your customers with consistency you’ll
find that they will help you turn your suspects into prospects
and prospects into customers for you through referrals.
__________________________________
Your Follow Up Marketing Tools __________________________________
Your principal follow up marketing tools are the telephone,
direct mail, and email. Many pool and hot tub business owners
make the mistake of jumping right on the telephone to follow up;
however, most prospects don’t want a pushy sales message right
away and most prospects have been trained to consider anyone who
calls up to be a pushy salesperson.
Instead, you should try to develop a relationship of trust with
your prospect by quickly sending informational items such as
special reports, audio CDs, or videos before you make a phone
call.
Remember to always include a "next-step-offer" to accompany your
educational materials. If the next step is to visit the store,
then entice them with an appropriate offer or if the next step
is to call you, entice your prospect to call you immediately.
People move through the buying process in baby steps, especially
when considering buying high-ticket items such as hot tubs or
pools. Your offer should always help them take the next step.
____________________________
Your Follow Up Sequence ____________________________
The power of your follow up will lie in your follow up
sequence. Your follow up sequence is a series of communications
with your prospect that are "linked" together, with each
communication building on the previous message.
For instance, you might start your second letter by saying, "10
days ago I sent you a letter..." You might also consider
stamping the message, "2nd Notice" on the envelope to let people
know this is the second time you’ve contacted them.
Referencing the previous communication links what you’re saying
with what you’ve already said and reminds your prospect that you
care enough to continue the conversation.
Usually, when doing direct mail you should include three to five
mailings spaced out about seven days apart. When using a
sequential autoresponder you can have as many follow ups as you
want because using email is basically free (that’s why you
always want to get a prospects email address).
One of my clients has over 20 follow-ups in his autoresponder
sequence that go out over a six month period.
Each sequence should follow a logical argument and you might
consider bolstering the offer with each communication using a
deadline as a motivator to act now.
As an example, in the third communication you could say, "I’m
surprised you haven’t taken me up on my generous offer. What’s
holding you back?" Or consider saying, "I’ve written you three
times and you still haven’t taken me up on my offer so I’m going
to pull out all the stops and make you an offer you simply can’t
refuse."
Notice how the language always links the previous communication
and increases the boldness of the offer. It’s the same type of
conversation you might have in a regular sales conversation.
_______________________________________________________
How to Put Your Follow Up Marketing System on Autopilot
_______________________________________________________
What I’m about to reveal to you is the key to developing a
powerful follow up marketing system because it overcomes the
number one reason most businesses don’t follow up.
You must automate your follow up system as much as possible so
that there are few, if any, physical interactions from your
employees with the system. It’s the required physical
interactions (i.e. printing letters, sending emails, inputting
leads etc.) where 99% of all the breakdowns happen in
well-intentioned follow up marketing systems.
To automate your follow-ups you should consider using robotic
marketing systems and outsourcing any manual interactions to a
dedicated service.
For instance, to capture your leads you should consider using a
toll-free automated recorded message system that captures your
prospects contact information and automatically transcribes it
and sends your leads to you in a spreadsheet every morning via
email.
If you’re using a direct mail follow up system (and you should
be), find a fulfillment house to do the mailings for you. To
find a fulfillment house, simply go to your local printer and
ask them to refer you to a fulfillment house in the area.
Now step back for a moment and see the power of what I’ve just
revealed to you. Imagine running an ad, having your prospect
call up and give their contact information via your recorded
message system.
Then having your leads automatically sent to your fulfillment
house via email, after which your prospect receives a
five-sequence direct mail package containing your most
persuasive marketing message -- without you lifting one finger!
You can set up the exact same type of "hands-free" follow up
marketing system using an email autoresponder system. Your
prospect will not only be receiving your direct mail messages,
but you can insert your email messages in between your mailings.
____________________________________
What About Calling to Follow Up?
____________________________________
You’ll notice that I didn’t say anything about calling your
prospect. That’s because you want your prospect to have already
received your educational marketing messages and have most of
their questions answered before they call you. An educated
prospect is your best prospect.
They already know why you’re different, what your value
proposition is, and how you’re uniquely qualified to meet their
needs. In essence, they’ve pre-qualified themselves before you
ever have to spend time physically speaking to them.
This drastically reduces the sales cycle and increases your
conversion rate because you have positioned your small business
to be their only logical choice.
_____________
Conclusion _____________
Follow-up marketing will boost your closing rate and
dramatically increase your customer satisfaction. Following up
with systematic processes allows you to leverage your
salespeople’s time and enhance their productivity, which will
result in more sales with less effort and isn’t that what you
want? Start winning more sales today by implementing your own
follow-up marketing system.
About Author :
David Frey is the author of the best-selling manual, "The Small
Business Marketing Bible" and the Senior Editor of the "Small
Business Marketing Best Practices Newsletter." To get your free
lifetime subscription visit
http://www.MarketingBestPractices.com