Twenty percent of your customers produce 80 percent of your sales. Named the Pareto Principle after Vilfredo Pareto, this concept is a simple yet powerful idea that can save you time, money and dramatically grow your business if used properly. Pareto, an Italian economist, noticed in 1906 that 80 percent of the land was owned by 20 percent of the population.
The interesting thing about this principle, or the ’80-20 rule’, is that it occurs with astonishing frequency in other situations. Twenty percent of your time will yield 80 percent of your results. Twenty percent of your products will create 80 percent of your revenue. The list goes on and on.
From a marketing standpoint, the applications are obvious. If 20 percent of the advertising efforts produce 80 percent of the results, then your marketing needs to focus on that 20 percent. If 20 percent of your webpages generate 80 percent of your traffic, then you need to highlight those pages to make them easier to find.
When it comes to customers, how do you zero in on your best customers, and more importantly, how do you find more like them? Using the ’80-20’rule allows you to develop more targeted marketing and more effective follow-ups so you can nurture sales.
on Tuesday, 22 July 2014.
Posted in Marketing Tips
“You have to be where your customers are.”
That phrase used to mean making sure you had a store in high traffic areas such as malls, or placing your billboard strategically close to a major highway. It meant advertising during popular TV shows and in high profile magazines. In the 21st century, your website is your store, your TV advertisement, your billboard and your magazine ad all rolled into one. Being where your customers are now often means being online (but don’t discount offline strategies too). Increasingly, they’re wherever their Smartphone or tablet is.
StatCounter, a Dublin-based web analytics company, reported that in December of 2013, the amount of worldwide Internet traffic from mobile users topped 20 percent for the first time. As the capacities of mobile devices continue to expand, that number will likely increase.
As online usage habits change, many companies are lagging behind in making their sites mobile friendly, much to the annoyance of Smartphone and tablet users.
on Thursday, 03 July 2014.
Posted in Business Strategy
Your new product is about to launch. You’ve done the research. You know the market. You know your customers. You’re ready to begin the online marketing campaign to drive customers in. Where exactly do you start?
Greg Head, Chief Marketing Officer of Infusionsoft recommends you start first with a positioning statement. This document is a detailed description of your potential market as well as an engaging picture of how you want potential customers to perceive your new brand. It’s an internal tool, rather than a set of promotional materials. It’s a roadmap for your marketing efforts, helping you keep your focus once the chaos of a marketing campaign starts.
The basic template for a positioning statement looks like this:
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For (target customers), (company) is the leading (category) that provides (unique benefit). Unlike (competitors), (company) does (unique differentiator).
It’s important to remember that the positioning statement isn’t a tagline, it’s a strategy. All marketing efforts must be aligned around that strategy.
“Infusionsoft is the leading sales and marketing software for true small businesses, designed to help them get organized, grow sales, and save time.”
on Wednesday, 18 June 2014.
Forget old-school, dried up advertising methods!
Andrew Davis, best-selling author and former television producer, believes he has a better way for you to spend your advertising or marketing budget.
His idea is quite simple: create great content and engage your audience. Then use that content to leverage sales. Content brands build relationships. Relationships build trust. Trust drives revenue. It’s an approach Sesame Street and Walt Disney have used for years to drive millions in product sales, and Andrew believes it can work for small businesses too.
He has a five-step approach that’s already producing some great results for small online businesses.
on Wednesday, 11 June 2014.
Posted in Business Strategy, Marketing Tips
In a competitive market, sometimes it’s the little things that make the difference between merely satisfying a customer’s needs and thrilling them so much that they’re bragging to their friends about your products. In other words, you want them to say: “Wow!”
According to Scott Martineau, Senior Vice President of Product Strategy at Infusionsoft and author of Conquer the Chaos: How to Grow a Small Business without Growing Crazy, there are four steps to wowing your customers.
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Step 1 - Create a culture of Wow! Customer service starts at ground zero. You need to talk about it from day one. You need to emphasize and teach it to your employees at every opportunity, and when you’re evaluating new employees, you should look for people who love to serve. Wherever possible add incentives for employees to go above and beyond. In a crowded field of competing companies, people will remember the small, personal touches far more than they will another advertising campaign.
on Thursday, 29 May 2014.
Posted in Business Strategy, Marketing Tips
Infusionsoft is getting ready to do another Implementation Accelerator on June 18-20, 2014 in Chandler AZ.
If you want to get more done in 3 days than you ever thought possible, then this is the place for you!
To find out more, check out the description by clicking HERE.
To start the registration process click HERE.
As an added bonus, Kerry and/or I will go with you if you want us to help you get the most out of it. Just let us know.
Kerry and I have done this before and I can tell you it is hard work, but the results are amazing. Highly worth the blood, sweat and tears!
Hope to see you there.
P.S.To see the descriptive PDF, click here. And to start the registration process click here.
Written by Dom Cassone
on Wednesday, 21 May 2014.
Posted in Automation News, Zacaw News
Systematize Routine Processes
For many creative people, ‘process’is almost a dirty word. Flexibility and spontaneity are swept into a mindless void of dull and boring routine. Do the same thing over and over again, all day, every day.
An organized process doesn’t have to be some gremlin lurking in the dark. In fact, it can keep the gremlins from knocking at the door of your business. By developing a system, routine tasks can be done quickly and smoothly, freeing up valuable time and energy for more important things. It can also save your business some money.
Consider the case of a major film production. Expensive actors are already on the set, props and scenery have been built, and the production crew is ready to shoot. Time is money, and every second counts. One of the major reasons films go over budget is inefficient use of time on the set. Since a skilled production crew is often paid by the hour, the last thing a director wants is a costly delay or even worse, having to shoot the scene again months later.
on Thursday, 08 May 2014.
Posted in Business Strategy