Category: Promotion

Make them YOUR allies!

It is extremely important to build good business relationships with your partners and retailers… It can easily increase your brand exposure, competitiveness, and bring you new leads and clients. So anyone who works with you or touches your products or services deserves attention and focus on their needs.

But it needs to come from the right place…

If you build the relationships based on mutual gain, you will transform your retailers into your strongest allies, so they will be equally interested in your success and work with you on it! Time spent, I’d even say – invested, in getting to know them and their needs will pay back very quickly and open a whole new array of opportunities for both of you.

Search for original and interesting ways to reward your retailers to create true win-win conditions and they will help you build your business. One of the best ways to do it is to create a performance-based incentive plan.

Here how a step-by-step process can look like:

1. Ask your retailers what would be the most lucrative stimulus for them to improve their sales performance.

2. Outline a generous performance incentive plan based on feedback and present it to your retailers.

3. Develop an easy to follow and track performance measuring plan. This will increase the sense of competition between your retailers and push to higher performance.

4. Encourage subsequent sales instead of just focusing on the initial sale. You may give away a higher profit from the initial sale to your retailers but will gain on the larger quantities of the later sales. Always focus on future sales and promote and even train them how to incorporate:

  • Upsell your more profitable products/services.
  • Cross-sell your additional products/services

5. Create an irresistible incentive plan by offering generous and progressing compensation.

Think about each of your retailers and their specialties, their strengths, and unique opportunities and consider it when drafting the plan. If you succeed to utilize their talents, capabilities, and connections, you both will be winners in this game!

Drafting a plan shouldn’t be a complicated process. Use our GUIDED TOUR to come up with some great ideas and roll out your first incentive plan!

Lessons I Learned from Paris Hilton

Today we’ll talk about shameless self-promotion. That’s right, I said it! Shameless! After all, we are learning from Paris Hilton here.

It’s all about self-promotion! Self-promotion comes in many forms and you can use different tactics to get your name out there. Look at politicians! Talk about self-promotion and in some not so discreet ways, at that. But, seriously, consider some of the major superstars we all know. Madonna, Donald Trump, Howard Stern and Bill Clinton, just to name a few.

We all self promote. Did you raise your hand in class to show the teacher you knew the answer? Of course! That’s self-promotion. This is the kind of self-promotion we are talking about. With dignity, class and the knowledge to back it up. If you self-promote only to prove you don’t really know what you’re talking about, you’re going to lose business.

Natural self-promoters are the former and I want to tell you about the three major traits they have and use to build themselves and their businesses.

  1. The first is position. You need to position yourself around people who can make a difference in your life. You need to do this frequently. You need to wake up every morning and ask yourself “Who can I meet today who will make a difference in my success?” In fact, go a step further, write it in big, bold letters and tape it on your bathroom mirror.

Also consider:

Who can help me meet my goals?

Is it a prospective customer/client? A colleague with contacts? An association with key members who may become prospects?

Don’t settle into interacting with the people who are the easiest to access. You need to reach outside your comfort zone and there you will find a wealth of new connections that will bring you great success.

  1. Now, let’s talk about Style. No, this doesn’t mean you need an Armani suit to bring in more business (though, let’s be honest-it wouldn’t hurt) ☺ What this really means is how are you different from your competitors and others in your industry. What makes you memorable with customers?

If you are meeting a lot of people and they don’t remember you once you leave the room, you have a serious problem! This means you have an opportunity to present yourself in a more memorable way.

There are lots of little subtle changes you can make. Reassess your:

  • Business cards
  • Company message
  • Your picture
  • Your wording

Maybe even, your hairstyle (of course, now we’re back to the expensive suit, but it really works!)

You get the idea. There are lots of little ways you can work on making your image and business more successful. Also, consider how you sound on the phone and how you great people at meetings or other events. Think about your 30-sec elevator speech.

  1. The third trait of natural promoters is repetition. You can’t say it once and leave it at that. Successful self-promoters say it as many times as they need until they get a response. Would you remember a commercial for Coca-Cola if you only saw it once, no! You see it over and over and eventually you head out to the store.

You, also, have to make multiple impressions on those you are networking with in order to build brand awareness. Repetition is in direct connection with positioning. Once you find people to network with, reach out and find hundreds more who can help in your success as well.