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Increasing Services Sales in Your Business in a Recession – 12 Techniques
Written by: Merra Lee MoffittArticle Overview: Now is the BEST time to be in business for ourselves! Many people are getting laid off and those that aren't are concerned they might be. Here are some ideas for increasing your services sales during this recession.
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Increasing Services Sales in Your Business in a Recession – 12 Techniques
Now is the BEST time to be in business for ourselves! Many people are getting laid off and those that aren't are concerned they might be. There IS more security in being a small business owner because we have many clients, not just one employer. Here are some ideas for increasing your services sales during this recession.
You'll be increasing services sales during this recession if you:
- Improve your product. Add an extra feature; something people have been asking for. Make sure your clients know you have it by mentioning it, sending out postcards, or putting up a sign. You'll need to mention it to everyone you see especially if someone seems like they need your product. Selling the product increases the services sales that go with it.
- Improve the services. Make a checklist of complete delivery, all listed deliverables. Make sure every client gets the complete list of services. Contact clients after they purchase and offer them more service. Give them something more than you've ever offered before, and give it happily. Add a training component to your services, so your customers receive more bang for their buck.
- Add an 'extra' feature. Give the customer "something extra". Throw in a free add on.
- Give a discount. But let them know you're doing it. Everyone wants a discount. Try a 10% discount for signing up this month.
- Think what others need. Help others survive the economic recession, and make money at the same time. Figure out what your clients need and give it to them. People still spend money during a recession, they are just more careful about it. Win the contract by meeting the other person's needs and following up on each and every contact.
- Think residuals. Develop and maximize residual income streams and passive income possibilities. Add a maintenance contract, a 6-month checkup or a yearly service that people need. That way you'll be able to keep in touch and propose other services they might need.
- Advertise. Promote bargains or discounts without undermining the value of what you represent.
- Maintain professional and personal relationships. Have coffee with people who can be a center of influence or be an ongoing source of referrals. Send a thank you note or email after the meeting to leave them with a good impression. Find out what they think people need or what their clients need in your market. Make suggestions and offer to help.
- Be Creative. Analyze your business, products, and services. Consider how they can be tweaked to receive more demand in an economic recession. You can make money if you find a way to offer more value to your products or services.
- The law of reciprocity. People want to help others who have helped them. If there is someone you want to do business with, buy something from them first.
- Don't fall prey to large free trials.Seldom doclients who were given free service become a paying client. Give them only a taste, a short analysis or a free consultation, but not the answers themselves.
- Ask for referrals. People who are happy with your service may know others like themselves. Ask for referrals on a regular basis. Have a referral card, a page after your invoice, or a question you ask at the end of each meeting. Let people know that you get a lot of referrals and it will become true.
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About the Author: Merra Lee Moffitt RSS for Merra Lee's articles - Visit Merra Lee's website Merra Lee Moffitt, small business profitability coach and CFP spends all day, everyday guiding business owners, capturing their financial dreams and goals from their small business profits. Her small business clients find hidden profits using low cost, low risk tactics. She can be reached at, 888-920-2030 or by email at merralee@captureprofits.com. Check out www.captureprofits.com Click here to visit Merra Lee's website Service Pricing Strategy 3 Steps to Finding your Average Billable Hours Target Cutting Costs Now 9 Hot Areas for Creative Small Business Owners Increasing Services Sales in Your Business in a Recession 12 Techniques Is LinkedIn a Profitable Use of Business Owner Time 7 Ways to Follow Up Persistence without Being a Pest |
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