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4 Traits Make Sure You Have the Right Customers

July 9, 2010 By Jan Triplett 1 Comment

Pennies-group-from-http-www.flickr.comphotossjsharktank4630355374-

A penny saved and earned. Photo by ssjsharktank.

Everyone wants and needs sales to have a profitable and successful business. But, sales from the wrong customers can kill a business.  If you doubt me, read Angel Customers and Demon Customers by Larry Selden and Geoffrey Colvin.

What should you look for? Basically, there are two options:

  • Low hanging fruit — the most responsive, easiest sale, shortest sales cycle
  • High value  —  the most lucrative, harder sale, longer, requires more thorough sales process so longer sales cycle

How do you decide who is right and who is wrong? [Read more…]

Filed Under: Growth Readiness Tagged With: angel and demon customers, Best Buy, Brad Anderson, business killer, case study, culture, customers, Focus, Gary McWilliams, high touch, marketing, profit, reputation, retention, right and wrong customers, Sales, sales cycle, sales gains, sales staff, sales training, The Customer Isn't Always Right, time waster, upselling, value add, Wall Street Journal

Why Go for Platinum Profile Customers™

March 2, 2010 By Jan Triplett Leave a Comment

Proud to be green. Here’s my paperless slide presentation, “Does Your Business Need Glasses”,  from RISE Austin 2010. It presents what we believe is a better way to get better sales by using niche marketing that focuses on Platinum Profile Customers™. The goal of this system is to  make positioning, pricing, and sales procedures more approachable for independent businesses.

The slide presentation also includes details on the Business Success Center’s sales process that all customers go through, the “Buyer’s Purchasing Continuum™”. The Continuum starts with their decision to look for something to meet their needs and desires.  After a few steps, they buy. But, it doesn’t end there. The last step occurs after they buy when they either rejoice about their decision or experience buyer’s remorse. Knowing exactly how your Platinum Profile Customers™ do this allows you to focus your sales and marketing efforts.

Small business owners and entrepreneurs will want to follow the prioritized action items suggested. These will help avoid mistakes and expand sales opportunities. This is primarily of value to those already in business although it has ideas that startups can incorporate.

Using these ideas results in:

  • Better sales and lower costs
  • Collateral is more effective
  • Shorter sales cycle [Read more…]

Filed Under: Growth Readiness Tagged With: Business Success Center, buyer's remorse, close, customer profile, customer purchasing process, entrepreneur, Focus, independent business, initial contact, Low Hanging Fruit Customers, LTV Lifetime Value, merchandising, Most Lucrative Clients, most responsive, niche markets, Platinum Profile™ Customer, pre-qualifiying, Pricing, retention, sales process, small business, vision

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