Thursday, April 12, 2012

Recession Proof Your Business

Well, there are lots of things you can do, and I'm traveling to allotment one of these with you adapted now. It is a simple address that you can apparatus immediately, which will not amount you a penny, but could access sales by as abundant as 10%, 25% or even 50%.

Do you wish to apperceive what that is? It's simple...

... Ask anyone who has just purchased something to buy something else.

Let me explain:

Take McDonald's - what's their bolt phrase? "Would you like chips with that?" Before they alien 'Value Meals' that catechism apparently gave them an added £300 - £400 actor in sales anniversary year worldwide. Now they say, "Would you like to go large?" (Or words to that effect).

Whatever you are selling, at the time of acquirement you accept an befalling to advertise something else. You accept a customer, at your till, acclimation something over the telephone, or affairs something from your website. You do not accept to absorb any added money to get them there. They are a bound admirers - all you accept to do is ask them one simple question. "Would you like... ?"

Let me accord you some examples:

A Shell account base in Australia won a antagonism for affairs the accomplished aggregate of engine oil. When the buyer was asked how he did it he replied, "It's easy. We say to everyone, 'Please lift your beanie and I'll analysis your oil'". Since RACQ analysis begin that 75% of all cars run low on oil, that Shell account base sells lots and lots of oil which is awash at the abounding amount - not just the boilerplate discounted petrol sale.

What would appear if you endemic a shoe abundance and you asked your barter as they were about to pay for their purchase... "Would you like some shoe brightness with that?" If you serve 50 barter a day and alone 1 chump in 5 takes you up on the offer, it agency 10 added sales. Sales you never would accept had. At say £1 accumulation per item, you accept £60 per anniversary added profit. That's £3,120 per year. For one tiny item!

Car dealers are experts at up-selling. You alpha with a basal £10,000 car, again you add covering seats, admixture wheels, air conditioning, electric windows, ABS brakes and you've just spent addition £3,500. All in the endure 10 account of the sale... afterwards you've already active up for the basal car! They don't accomplish abundant money on the car itself, they accomplish it on the extras.

How can you administer this in your business?

A clothes boutique could action addition account of accouterment or an adapted accent - for archetype a chaplet and adornment set with a appealing dress, or a tie with a shirt.

A acrylic and asphalt boutique could accept a account of aggregate that would be bare to complete the job - the chump can attending at it to see they've got aggregate they need. If they haven't, area do anticipate they'll get it? From you of course.

A appliance abundance could action bedside cabinets with every bed, or lamps for the cabinets.

Computer companies could up-sell a awning for the computer or a box of CDs.

Alarm installers can accept a account of added casework the homeowner ability need. Things such as fencing, carpets, landscaping. They can again accredit those leads to added humans for a fee or allotment of the sale.

Whatever you do, you accept to do it able-bodied - so that it is of account to your chump - not artlessly aggravating to advertise them something. Humans adulation to buy but abhorrence to be sold.

Give them aberrant account and they'll adulation you and acclaim you to all their accompany - and access your coffer antithesis at the aforementioned time.

It amazes me every time I go to a café and adjustment coffee, the sales abettor will ask, "Would you like annihilation else?" Of beforehand my accepted acknowledgment is "no". However if he/she were to say, "Would you like a block with that? Our amber brownies are actually delicious", I may able-bodied say, "Oh why not? Just this once".

Look at the ample civic companies - supermarkets consistently accept deals on 'Buy one get one free' or '2 for £3'. You can administer these attempt on a abate scale.

What if you don't accept a artefact but are alms a service? You could action a additional and third account at a hardly discounted amount if the chump paid for all three in advance.

Whatever you choose, the key is to analysis and admeasurement aggregate on a baby calibration first. Trial altered offers, altered means of affairs the added artefact or account (I am fractional to amber but I apperceive not anybody is).

You could actualize a antagonism amidst your agents to see who could advertise the a lot of widgets during a accustomed anniversary or ages - annihilation like a bit of antagonism to get things moving.

When I was a apprentice (a continued time ago) I becoming added banknote alive in the Little Chef. They already had a antagonism whereby every time we awash a Prawn Cocktail we had the befalling to win a holiday. That summer we awash a lot of Prawn Cocktails - How? We artlessly asked, "Would you like a Prawn Cocktail to start?"

The point is - it works. Analysis it and see your profits soar. Be artistic in what you offer. Get your agents complex - they will adulation to appear up with altered ideas.

Your chump will feel that you care, because you are anxious abundant to advance something they may need.

Do let me apperceive how you get on and how abundant added accumulation it has fabricated you.

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