Have you
ever considered how powerful and profitable effective follow up campaigns can
be to your business? Most business
owners know the truth of this strategy, but have never taken the time to
implement it. Once you see how much money you are leaving on the table, you are
going to kick yourself in the butt for not doing it sooner.
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The other
benefit of capturing your prospects contact information is you gain the peace
of mind that comes with being able to generate sales at will. You no longer
have to sit on the sidelines day after day while your business has little to no
customers or clients walking in the door. Now, you can control your monthly
profits with precise accuracy by just doing a mail campaign.
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Let's
look at the numbers to see just how profitable this strategy is:
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Example 1:
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- 300 leads into your business per month
- 5% closing ratio =
15 buyers
- $500 average sale
- 100 prospects x 5% closing ratio x $500 average purchase = $7,500 in sales per month.
However,
in the example above you never get a chance to sell to the other 95 prospects
because you neglected to get their contact information, so that is a ton of
missed opportunity. Now, look at the same example as if you captured their
contact information and were able to get another five percent to come back and
purchase from your business with a future compelling sale promotion.
Example 2:
- 300 leads into your business per month
- 10% closing rate
(5% initial closing ratio PLUS 5% who buy later from your follow-up
campaign = 15 buyers
- $500 average sale
- 300 prospects x 30 buyers x $500 average purchase = $15,000 per month!
Instead
of $7,500 in sales you are now making $15,000 in sales! That is an impressive
jump in sales that can be achieved by simply by collecting your prospects
contact information and then following up by mail, email or phone. The best
part is that all you have to do is get them back into your business and
continue closing at the same ratio you already are and you can easily double
your sales per month. Now, do you see how powerful and profitable this strategy
can be?
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However, just like many of the strategies revealed
in this book, you must have proven and effective conversion scripts and systems
in place to consistently and predictably get these customers back into your
business to purchase from you.
Finally, you may be thinking that prospects are not willing to give you
their contact information, but that is not true. The key to getting their
contact information is to give them a special offer in exchange for them giving
you their contact information. For example, you can offer to mail them out
special promotions or offer to enter their name in a free prize giveaway. You
can even offer to give them a free informative booklet in exchange for their
contact information. Many of the biggest and most successful businesses in the
world spend thousands of dollars building a list of prospects that may not be
ready to buy from them today, because they know it means millions of dollars in
profits in the future.
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