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© Copyright Notice Below |
by Steve Sakal
Knowing how to effectively retail your Products and Services to your Customer Base is something that will dramatically increase your monthly as well as annual volume and profits.
Once you have identified your Target Market, begin a Consultative Dialogue. Here are 5 G's to get you on the right path...
Know where to begin
Get to know your Customers on a personal basis (Points of interest)
Get to know your Products & Services (Shelf-Life ~ Life-Span ~ Boundaries)
In order to get to know your Products & Services you must invest time and effort in familiarizing yourself with your Product Line and Services and then break them down in manageable groups. Think like a Customer and ask yourself what you would like to see if you were the Customer.
Use your products and services
Use the ones that make sense for you, but don't allow yourself to be pressured into buying things you cannot afford, or every single new product or service that comes down the pike. You don't need to order or try every product you have! It is your responsibility to work within the constraints of your budget. Determine to stay within it! In order to insure that you do - Decide ahead of time what your budget is to insure that you will limit impulse buying. Realize and recognize that there are also many products that will not need to be ordered every month too.
Strive to keep it a Win-Win Scenario between you and your Customer
Look at the complete picture – You and your Customer having a Long-Term mutually beneficial relationship. This means that if you have certain minimum PV, or BV requirements for Commissions, Rebates, Overrides, etc. Qualifications… Then you have to get creative in your Retailing and the best way is to make a Year-Long Time-Line that allows you to appropriately Leverage and capitalize on what you have to offer.
Your Customer has the answers you're looking for
Your Customer is the one that lets you know how your long-term retail plan will suit their needs. It requires a dialogue to do so in a way that the Customer is getting exactly what it is that he/she wants. And, you're the one that is the Provider. You're Promoting Yourself First as the one that is going to be on their side in getting what they want - when they want - and you let them know that you will settle for nothing less. [If you're not familiar with LC's Promote Yourself First Concept listen to the Audio: Promote Yourself First When Prospecting (02/23/2005)]
Do your homework from a Customer's Perspective
In marketing your products from a monthly consumption basis you'll want to get familiar with your product line as it relates to typical usage, or consumption. Make a Time-Line on the average usage for each one. The nutritionals are pretty cut and dry. The other product lines are where the variables and your own creativity come in to play.
Things to Consider:
Make a Flexible Plan:
Customize the Plan to suite the Customer’s wants and needs:
Use your Calendar:
Have the necessary Tools on hand – Be Prepared for Success!
Yes there's a lot to choose form and it will take effort and some expenditures on your part. However, you will end up with a Year-Long Retail Retention Plan that will make a difference in your Business Volume and Profits, as well as build a solid Retail Customer base of those that appreciate you offering them a customized Year-Long Service. One that is within their own preferred budget!
It boils down to this:
1. Get to know your Customers on a personal basis (Points of interest)
2. Get to know your Products & Services (Shelf-Life ~ Life-Span ~ Boundaries)
3. Keep it a Win-Win Scenario – Look at the complete picture – You and your Customer having a mutually beneficial relationship.
4. Do your homework from a Customer’s Perspective (Flexible –Customized – Spread Out)
5. Have the necessary Tools on hand – Be Prepared for Success!
Recommended Related Leaders Club Training Audios:
About the author: Steve Sakal, is a Leaders Club Certified Marketing Consultant and Leaders Club Certified Coach. He is a regular contributor to Leaders Club Audio’s and MasterMind Forum.
Copyright © 2007 Target Media Group, Inc. All Rights Reserved. Article may not be reproduced in any format without express written permission. Subscribe to our free weekly newsletter and receive articles, tips and motivation for your business.
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What our students say... |
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“The consultative approach makes more sense than anything I have ever heard. I also like the reminder to know your product and services. This keeps me constantly reading up on my product and what it has to offer.” - Allen Mannies |
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“There are numerous points in this article that all surround the fact that we must know our customer and our product (it sounds like a retail store pitch just before the holiday season, oh yeah, we are a store of sorts aren’t we). I like the reminder about budgeting, promoting ourselves, typical usage and shelf life, and staggering the product introduction.” - Sean OConnor |
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“This article discusses how you can use the same consultative approach in retailing that normally used for prospecting. Retailing is an important part of the business and we should spend some time and effort to work on a year round retail plan. It is important to know your products and services as well as your customers really well. Then you can figure out which products and services meet the needs of a customer within their budget. This creates a long term customer retention plan as well as a referral service since the customers will talk with others they know. ” - Nisheth Joshi |
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“This article focuses on how to give your customer great service - the kind that will keep them ordering from you and not going elsewhere to have their needs met. Basically, you should: get to know your customer personally, recommend products that fit what they are looking for and can afford, and always be prepared for success by keeping catalogs, brochures, flyers, and newsletters, etc., on-hand to give out.” - Lara Burnside |
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“This article reinforced the audio on generating year round retail and is a great review. It reinforces the importance of not spinning my wheels by trying to sell my product, but to first qualify a prospect as to whether my product can fill their primary want or not. Great article and one that I plan to refer to again and again.” - Brownie Ann Connor |
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“Great article. What I learned is that we gather information about our clients on a personal level. And see how much is the client willing to spend per month to meet her or his need. Not how much do I want to sell to that customer. I like the fact that it's a yearly commitment that way we have a great customer base retention all year long.” - Nancy Ebrahim |
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