Turning Enquiries Into Sales
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9 comments:
Hi Ian - that's a good point. As you say, if you give folk time to think - they're sure to spend that time thinking of an excuse not to meet you.
With phone appointments I used to give two alternative dates and times and ask which they preferred.
Cath,
You're right. When planning an appointment-making phone call, I recommend selecting 3 dates/times beforehand, but offer only one first.
That way if they can't make the first date offered, you're not scrambling around thinking about when you can do it.
This is so simple that people simply don't do it.
But it makes such a huge difference. If you use this, your sales can increase exponentially.
More importantly, you get a return on the investment you have made in getting the enquiry in the first place.
Each enquiry costs an awful lot of money.
It's easy to spend £500-1000 a month on marketing and get perhaps 10-20 enquiries per month.
So each enquiry costs £50.
When you look at the value of an enquiry from a pure cost point of view, it's like throwing £50 in the bin if you approach it lazily.
And if a sale is worth say £500 to you, the loss is increased dramatically for every enquiry you waste.
And that loss is magnified when you consider the lifetime value of a client - because the initial £500 sale is worth far more over the months or years you keep them as a client.
Over 3 years, I estimate the value of one of our clients at over £10,000.
So based upon say 5 enquiries a month, each year we potentially get £600,000 worth of enquiries.
So it's essential each and every enquiry leads to an appointment to maximise our chances of seeing a return.
Ian,
First of all, I just read your blog for the first - and DEFINITELY not last time. The points you make are not different from what a teacher must do - sell the information at the class appointment. I could apply almost everything you said to my classrooms - of my 7th graders, my High Schoolers and my College Students!
Secondly, you may feel free to contact me re: any purchase information at clrt1929@gmail.com. Cath truly IS a friend, and I would NOT wish to profit from her blog. (Also, she'd probably charge me commission!) Don't worry, I'll tell her that myself! lol
Thanks,
Rita
BTW: I am NOT Meredith. I don't know how to change my own identity at your feed, but I "inherited" bloggrrl.com, and somehow can't get "Rita" in there!
Let's try this...
Rita
Hi Ian,
This is great advice. Often a customer needs a nudge, and you've shared wonderful ways of doing so. I've also heard the reason a lot of sales aren't made is because we forget to close the sale (by asking for it).
great advice Ian. I think having the expectation you will get the sale helps and one thing I always remember being told, as soon as you have the sale, stop talking!
I think conversion often has a lot to do with the quality of the leads. Or more specifically the 'Relativity' of the leads :)
Thanks for you blog!
great reading
Cheers
Banjo Smyth
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