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The 3 Secrets To Explosive Business Growth in 2016!
9/14/2018 The 3 Secrets To Explosive Business Growth in 2016! Even When The Economy Stinks, Businesses That Know These Business-Building Secrets Are Booming! Chris Ripley, Strategic Marketing Group,
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Chris Ripley cripley@smg2.com facebook.com/smgmarketing
@chrisripley – 942 followers – trying to get to 1000
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About Me 22 years retail marketing, sales, and management
Started Strategic Marketing Group in 2003 MS in 2005 Adjunct prof at CSM and UMUC
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The 3 Secrets To Explosive Business Growth in 2016!
Even When The Economy Stinks, Businesses That Know These Business-Building Secrets Are Booming!
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Only three ways? YES!
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#1 Get more customers
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#2 Get customers To buy more often
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#3 Get customers To spend more
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Don’t overlook this… Customers x Items Purchased x Purchase Value = Total Revenue 100 x 5 x $10 = $5000
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20% Growth in each area… Customers x Items Purchased x Purchase Value = Total Revenue 120 x 6 x $12 = $8640
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73% Growth Overall Improving slightly in each area creates a compounding effect EVERY business has the opportunity to improve in these three areas Fundamentals may not seem sexy, but they work!
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How?
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#1 Get more customers
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Drive inbound traffic to your business website
1. Get more customers Drive inbound traffic to your business website
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Search engine optimization
1. Get more customers Search engine optimization
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Who Cares? There are over two billion people online
93% of online experiences begin with a search engine The majority of web traffic is driven by the ‘Big Three’ search engines-Google, Bing and Yahoo (Search Engine Journal)
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Who Cares? 77% of search engines choose organic over paid listings1
67% choose organic search results when purchasing2 Organic click-through generates 25% higher conversion rates than PPC3 (1,2,3Search Metrics)
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1. Get more customers marketing
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What’s more The DMA drove $67.8 billion in sales in 2012 and it’s projected to produce $82.2 billion in sales in 2016.
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Social media marketing
1. Get more customers Social media marketing
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Customers WANT YOU on social media
93% of customers expect companies to have a presence on social channels1 85% expect companies to interact with them on those social channels2 (1,2 Cone Business Study on Social Media, 2008)
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People are talking. Are you part of the conversation?
Social media is not a passing fad! 53% of people on Twitter recommend companies and/or products in their tweets (ROI Research for Performance) The average consumer mentions specific brands over 90 times per week in conversations with friends, family, and co-workers (WOMMA)
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1. Get more customers Mobile marketing
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Location-based marketing
From $0 in 2009, location-based marketing is projected to grow to $6 billion in Some restaurants are seeing 65 percent redemption rates from new, real-time geo-targeted ads. (Borrell Associates)
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Mobile
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Improve the effectiveness of your promotional efforts
1. Get more customers Improve the effectiveness of your promotional efforts
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1. Get more customers Track your results and optimize your campaigns
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1. Get more customers Find new/better places to advertise (social media, mobile, , etc.)
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1. Get more customers Create stronger, more targeted offers that appeal to more people in your market
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1. Get more customers Remove the risks associated with buying from you by giving a strong guarantee
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Build your reputation as an expert
1. Get more customers Build your reputation as an expert
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1. Get more customers Host a free webinar and demonstrate your expertise
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1. Get more customers Send weekly educational/ informational newsletters (electronic or print)
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1. Get more customers Create training/educational resources (video, educational downloads, etc.)
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1. Get more customers Ask for Referrals
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#2 Get customers To buy more often
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2. Get customers to buy more often
Build your list!
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2. Get customers to buy more often
Create a customer mailing list
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2. Get customers to buy more often
Send out promotional s to your house list on a regular basis
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2. Get customers to buy more often
Use scarcity to get customers to act now instead of later (e.g. limited-time promotions)
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Don’t let them forget you!
2. Get customers to buy more often Don’t let them forget you!
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2. Get customers to buy more often
Use autoresponder sequences to introduce your prospects to all of your products
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2. Get customers to buy more often
Broadcast educational content through , social media, and your website
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2. Get customers to buy more often
Send out birthday cards and holiday cards/gifts
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2. Get customers to buy more often
Focus on service!
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2. Get customers to buy more often
Create a culture of service at your business
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2. Get customers to buy more often
Use customer testimonials in your campaigns and on your website
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#3 Get customers To spend more
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Up-sell, cross-sell and bundle
3. Get customers to spend more Up-sell, cross-sell and bundle
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3. Get customers to spend more
After a person buys one product, up-sell or cross-sell them another related product
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Bundle products and offer a discount
3. Get customers to spend more Bundle products and offer a discount
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Use coupons to encourage bigger purchases
3. Get customers to spend more Use coupons to encourage bigger purchases
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Offer an expensive, premium product or service with a payment plan
3. Get customers to spend more Offer an expensive, premium product or service with a payment plan
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Tips for success
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Leverage Technology!
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How do you eat a whale?
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Think in 3 phases Before During After
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Free Resources My book - Leverage your List– My book – Online Marketing Local Presence Score - Constant Contact 60 day trial -
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Questions?
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