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Archive for Selling

The reason why analytics are so great for marketing endeavors.

Hello everyone!

This past week at work I was looking at our eBay auctions, trying to break down what all I have left to discover for the store format and… I came across Omniture analytics.

They. Are. Wonderful.

Not only are they REALLY wonderful, but now, I can figure out how I would like to steer the direction of eBay and marketing our products.

It was interesting pulling results from 90 days, 30 days and the previous day – not to mention – what we’ve done since the beginning of our year.

I’m really glad I found this analytics program because analytics are important. Not only do you see what the most popular pages are, but you also get to see the most popular searches, the referring domain and how many people looked at your items or eBay per day/week/month/year.

So, this got me to thinking… how can I use this information to help me market our products?

I had all week to study the paper, so looking closely enough at the top 50 searches and top 50 pages. This was interesting. If the item was sold, I’d mark ‘sold’ – if the item didn’t have a name but a number, I would mark it with a name. I did this for both the since the beginning of the year to the last 30 days.

What I found was that a good portion (probably 1/3) items being searched in the top 50 and top 50 pages were items that we sold. Some items we only had a few of, others were on-going popular items that we’ve sold tons of.

The other items that were searched for in the top 50 either came back disappointing results (like, a broken printer or damaged jewelry box we’re selling) or some expensive addition to the jetski….something that someone would need some time to think about considering the price.

Perhaps we can lower the prices on the printers, jewelry box and other items like that but we aren’t allowed to lower the jetski parts, as we are in with another company on that.

It’s so interesting looking at the analytics. Other than try to fix why everything in the top 50 wasn’t selling, I have tossed around so many other ideas that I could think of to figure out how to fix this and make more sales. It’s just going to take some time to incorporate this into the business marketing plan.

I also looked at days and time of days for our most-visited. Honestly, that couldn’t really be measured because it was all over the place for the last 30 days.

I also figured out that a lot of our unique items show up in Google search higher than a lot of people. This is good. All of this is good news for us. I just need to figure out how I can use this information for good measure.

With this knowledge, it’s time that I figure out where to go from here on analytics and properly marketing our eBay.

What do you guys think?

Seth Godin’s entry “Skinnier” – Very Important Read

So many things that would have been money losers then can be profitable today.

When you run your own concert, selling tickets online and renting the theatre out yourself, you might be able to keep 85 cents of every dollar your audience spends on a ticket. In the system we grew up with, by the time the box office, Ticketmaster, the stagehands, the promoters and everyone else takes a cut, you might end up with literally nothing.

Or consider a hardcover book that costs $20. By the time the bookstore keeps half, the publisher keeps a share for the risk she takes, and don’t forget shipping and returns… there might only be $2 left for the author. With an ebook, the author might keep as much as $14 a copy… More if he hosts the store and sells it as a PDF.

A hairdresser with direct relationships with customers can give up the storefront location and make more money by charging less and cutting the hair in her home.

A newspaper can happily support a few reporters and an ad guy if it gives up the paper, the offices and the rest of the trappings.

Too often, we look at the new thing and demand to know how it supports the old thing. Perhaps, though, the question is, how does the new thing allow us to think skinnier. – SETH GODIN

 

The above text has been taken from Seth Godin’s blog – as quoted his full entry. The reason I’m posting the full entry here is because there wasn’t a way to just quote part of it, since it’s so important.

Everyone KNOWS all about the above paragraph….but life just goes on without stopping to really realize it. It’s just the way it is.

Knowing that I didn’t have the money to hire a publisher when I published my book, I did it for free in Amazon – Kindle store. They only take a small percentage of what I make. It cuts out the middle man, however, it also cuts out the majority of the world actually SEEING my book because I have no marketing team other than myself and… just me, myself and I can’t do it all.

I have always wanted to make it as an independent author – just for the fact that I wanted my money, the money I deserved because *I* wrote the book, *I* put the hard work into it. And, who knew, people still want actual books – therefore, selling a bunch of kindle copies is pretty much out of the question for the group of family and friends I’m associated with.

Unfortunately, it’ll be a while before I can do an actual paper or hardback book because it’s expensive to get the ISBN number. So, selling eBooks is my only way right now.

And also, right now, where I’m working is at someone’s house. He has a “storefront” — it’s called his own house. He does not pay for a shop, just mortgage or what have you. He uses Craigslist, I sell his stuff via eBay. What we rock out by selling or promoting is the jobs that we get or products that we sell. We’re saving money by taking advantage and being smart about it. We are also doing it right the first time, that way, we will hook those customers and they will keep coming back — as well as telling others about us.

In Seth Godin’s blog entry : when you really think about it, if you do cut out the middle man… you’re cutting a ton of people out of the picture and a lot of people will then lose jobs. We are all needed somehow, and we just need to make it work.

I’m also mainly partial to independent musicians, authors, artists and the entrepreneurs.  They do it all. They are the superhero men and women. They create, they market, they produce, they do everything to make their product become popular or sold or what have you. There are a few middle men involved, but, those are there for good measure — to make life a lot easier and better for one.

But, it only takes a certain group of people do all that. That’s why there’s that much needed middle ground where the middle man plays the part.

The world can’t work on creation or innovation without everyone’s help.

The Final Summary of Bettger’s “How I Raised Myself From Failure To Success in Selling”

I have to note that I haven’t finished a book in quite some time as fast as I did this one. Overall, in my opinion, it’s one of the best books I’ve ever read and extremely helpful (even coming from someone back in the early 1900s).

Let’s just mention that all of the ideas I wrote on, had some significance in my life and I could relate. Before getting into the final summary, I have to mention this:

He talked about Philadelphia – where most of the stories took place, anyway. He mentioned streets I had heard of, he mentioned The Bourse, which is totally one of my favorite places IN Philly. He mentioned two people that I greatly admire from history – Abraham Lincoln and Benjamin Franklin. He mentioned being in St Petersburg, FL (and that’s currently the area of where I’m at).

I learn the most and gain more from reading non-fiction. This is his advice about ‘selling’ – coming from his OWN personal failures or successes. He walked the steps and guides us in the right direction to find ours. I love this. It’s his story. It’s non-fiction. It’s fact.

He ended his book with Franklin’s Thirteen Subjects. He says to make your own thirteen subjects that you need to study, study one each week for thirteen weeks and wash/repeat until you become excellent in that area.

He taught us that no matter how the failure or failure after one another, to always pick yourself up and continue. To not be afraid of failing, to focus on what you need to learn to become better, to study your traits on how to become better. To just learn.

He wrote actual conversations he had or others had and demonstrated them to explain what he meant by each subjected chapter.

What else do you need?

Overall, just such an excellent book. Covers so much information but not enough to make you forget. He has nice little pointers at the end of each chapter and a large summary at the end of each part. It’s pretty much ‘hey, here is the pointers of which you need to focus on’.

Please grab a copy and read it when you can. My previous entries discuss further into some of the pointers in the chapters, if you’d like to read that for more information or for my input.

Thank you for reading!

More Bettger book talk: remembering names & faces, demonstrating and contacting customers after the sale.

I know I already have several entries dedicated to Bettger’s book, however, there will only be one more after this entry: the finalization of the entire book. I have to mention these two topics separately only because of recent events for the first one and the second one is very important to an industry that I have a deep passion about, here goes:

PLAYING THE NAME GAME. 

In chapter 22 – Bettger discusses the untidy event of forgetting someone’s name whilst meeting with them after a long period of time, or having just met them and struggling to remember their name. I have been in that position on both the receiving and giving end.

You see, I have just recently started a job – a temporary job, mind you – and after not having worked with more than one other person in the last past three years, it has been difficult to remember people’s names. I mean, wow; these people introduce themselves and I just can’t remember their names sometimes, even though I’ve been getting better at remembering. The more I see them, the more I do know their names. That’s on that end.

Today, I have been called everything but my own name (well, a correction of my name after a few names) and then.. I wasn’t even called by my name, when I asked the coworker next to me to get management, she told management ‘the cashier on this side needs –  - – - ” Ummmmm. WOW. First of all, I have a name and it’s not ‘the cashier on this side’. Them forgetting my name doesn’t hurt me, being called by ‘the cashier’ or something other than a name is offensive in some matter.

So, what’s in the psychology of remembering names or forgetting names? My possible reasons for not remembering names: a few of the people don’t have unique names so I don’t remember them as often and I don’t work with some of them more than once a week or barely by a default of a miss.

Their reason for maybe not remembering me: I look like someone they used to know (this has actually happened on MY side, everyone looks like someone from my past), it was just accidental, for the same reasons I gave, it’s just too busy and people become confused/distracted, or – since I’m just a temporary worker, they really DON’T need to remember my name. I’m nameless or faceless, just a person in passing after a month has gone by. Now, please don’t read me wrong, I’m not saying anything against anyone – it’s just the ‘way it is’ – sometimes.

What does Bettger have to say about learning names and faces, you ask? By three pointers, (1) impression, (2) repetition and (3) association.

(1) Impression. Get a clear impression of his name and face.

(2) Repetition. Repeat his name at short intervals.

(3) Association. Associate it with an action picture; if possible, include the person’s business.

Now, while these three pointers may just be dedicated to more of a professional business, such as selling or something like that, they are very good tips.

DEMONSTRATIONS. 

Bettger sums it up in three sentences: ‘One demonstration is worth more than a thousand words. If possible, let the customer perform the demonstration. Let the customer help you make the sale.’

Now, this is where my favorite part came in – and I’m really glad that he discussed this. While his book is mainly about selling insurance, I can relate this to a certain industry that I love.

It IS all about the pitch, but it IS all about the demonstration, too. If you have a faulty pitch AND demonstration, you’ve pretty much pulled the drain on your success. If you have a successful pitch and a faulty demonstration, the same, down the drain – and vice versa.

Now, let me use an example… back to the days of Billy Mays & Anthony Sullivan on Pitchmen. There was TWO demonstrations that was the mother of all demos. One being the impact gel product demo. In order to test how strong this product was, they put that over their hand and put it underneath a car to be run over. That is a mind-blowing demonstration. Next, on Pitchmen S2 – Sully was lit on fire to test the quality of Cold Fire. Of course, he survived and the product worked.

It’s all about how a product is demonstrated to a customer. Telling about something is one thing, while actually showing a customer how it works (and possibly allowing them to try it as well) is excellent.

REPEAT CUSTOMERS. 

Something else that Bettger touched on, that I really wanted to discuss, was repeat customer business. It might just be for professional type jobs like insurance, banking, clients, etc. but this is a good piece of advice, either way.

After a little while goes by, after you’ve sold that product, Bettger says why not keep their number and give them a call and check upon them in a few weeks or months. See if they need something else, or just to see how that product is working with them. Find it all out, ask questions. Bettger talked about how by doing this he (and others) have become great friends with his very own customers and even were suggested to their friends/family.

When I worked at Goodys, there wasn’t anything more that made me more excited than to see one of my favorite customers. I had several friendly faces that I talked to, and they’d come in every so often and it was most pleasant getting to catch up in my store. I had an email from one, phone numbers from a few – but unfortunately – for the best ones, I just relied on seeing them every so often and lost touch with them.

When I moved on from there to the mall, finding repeat customers wasn’t so fun. Not to mention, it was in a general airport – tourist-y like area, so you were lucky if you saw the same customer twice.

If I ever become a freelance writer, photographer, designer  -I know I would definitely keep my customers on file and contact them with discounts or something of that nature to continue that relationship. That’s not only good for repeat business but also to gain the confidence from them, so they can spread the word about how decent of a {professional} you are.

So, there you have it – three of my favorite “summaries” towards the second half of the end of the book. Next up: the final summary.

Bettger’s Top 11 Tips On: How To Make a Big Sale (insurance) & Part 2 and 3 Summary

If you didn’t read my part 1 review of this book, you should and you can here.

This entry won’t be much other than just a weebit of statements and pointers.

In chapter 8, I thought this was very important to make note of. Here is a list of eleven pointers on how Bettger made such a huge sale when he was selling insurance.

  1. MAKE APPOINTMENTS
  2. BE PREPARED
  3. WHAT IS THE KEY ISSUE?
  4. KEY WORD NOTES
  5. ASK QUESTIONS
  6. EXPLODE DYNAMITE
  7. AROUSE FEAR
  8. CREATE CONFIDENCE
  9. EXPRESS HONEST APPRECIATION OF YOUR LISTENER’S ABILITY
  10. ASSUME A CLOSE
  11. PUT *YOU* IN THE INTERVIEW

In the following chapters, he emphasizes on the asking questions method. Chapter 9 is a biggie on discussing asking questions.

Asking questions: helps avoid arguments, talking too much, enables you to figure out what they want, the idea becomes the opponents idea, finds the key issue and gives the other person a feeling of importance.

Chapter 10 states that we should find the basic need or the main point of interest and then stick to it.

Chapter 12 – Basically stating that in order to be able to turn someone’s mind around, you must dig around two reasons as to why the person doesn’t want your product. They could hide behind ‘I don’t need it’ or ‘it doesn’t really work’ but what’s really on his mind is something else, the real reason someone doesn’t want something. This could also work for two reasons for doing something.

Chapter 13 declares seven pointers: (1) finding out what the customer wants and helping him find it, (2) when you show him what he wants, he will find a way to get it, (3) ask questions ask questions ask questions, (4) finding the key issue (the point) and stick to it, (5) ask ‘why’, (6) find the real reason as to why he doesn’t want to fulfill the purchase, and finally (7) be a good listener – show attention, pay attention, give him appreciation.

PART THREE – pretty much discusses the ways to win and hold the confidence of others. (1) Create confidence, (2) Confidence in yourself, (3) Praise the competitors, (4) never exaggerate statements, (5) Bringing witnesses to the table, (6) look your best.