| Very Few Business Problems Cannot Be Solved By Adding A Few
More Profitable Sales
I love to get questions from readers. After all its good for
my ego when someone cares what I think!
One of our StreetSmart Marketer readers sent in this question...
Recently a friend of mine started a business installing and repairing
overhead doors; Residential, Commercial and Industrial. Things have
been very busy for him, thus allowing him to lease the much needed
cube van.
I asked him if he was going to promote his business on the side
of the cube van. He said he doesn't want to because he is already
too busy and can't handle anymore business.
To me, this seems short-sighted as I explained to him that not
all of his potential clients are in the buying mode at present and
what he needs to create is top share of mind through repetition
or exposure. I suggested what he needs to do is learn how to say
no to work he can't handle at the time and possibly develop a relationship
with one of his competitors that will enable them to handle overload
business.
I went on to tell him, in my opinion, that most or all businesses
should be advertising or promoting their business all of the time
with what I call base level advertising (designed for top share
of mind) and then ramp it up for seasonal or special projects.
What are your thoughts? He thought I was out to lunch.
Here’s my response.
Your friend is indeed lucky that he has more business than he can
handle. I hope it continues for him.
I'm not sure advertising on the side of a cube van will increase
his business significantly unless he's very creative. However let’s
suppose that it does, what happens then?
- He can be a lot more selective around the kind
of work he does and the kind of clients he takes on. I'm not sure
all of his jobs are conveniently located, nor are they all equally
profitable. In addition some work may be fun to do, other work
is not. This being the case, being selective can result in more
cash, better clients and more fulfilling work. If people think
you are in demand they will often pay more, so saying no can be
good for your business. It's definitely good for your sanity.
As you point out he can sell these leads to someone else or even
hire another person and grow the business.
- Business seldom continues at the pace your friend's
business is operating at. All businesses have quiet periods, marketing
takes time to be effective, so when you need more clients you
can't simply turn them on. Some marketing should always be happening
to protect you from these cycles.
- Because of the nature of what your friend does,
his customers don't need him every day, but when they do they'll
need to remember his name and where to find him. If they see his
truck in the neighborhood, there is a good chance they might remember
him when the time comes that they need him.
Marketing is the business of business. Very few business problems
cannot be solved by adding a few more profitable sales.
What do you think?
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