double your business in one year

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Presented by Kathy Paauw

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This presentation talks about how to double your business through building better relationships with your customers. It looks at the key statistics that talk about the importance of maintaining customers and then gives a very simple and cost effective strategy, using the power of thankfulness, to bring significant income from your customers.

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Page 1: Double Your Business in One Year

Presented by Kathy Paauw

Page 2: Double Your Business in One Year

Kathy PaauwCertified Professional & Personal Coach

Productivity Consultant ~ Trainer ~ Author

Business owner since 1995

MY SITUATION IN 2005:

• Trading time for money

• No paid vacation or retirement

• Burned out & tired

Page 3: Double Your Business in One Year

ALARMING STATISTICS• The #1 reason a customer does not come

back… they forgot about you.

• 95% of your happy customers will purchase from a competitor on an impulse.

• For each month that you don’t communicate with your customers, you lose 10% of your influence.

Page 4: Double Your Business in One Year

HINT: They’re already in YOUR back yard!

Page 5: Double Your Business in One Year

67% of business today is driven by personal referral and word-of-mouth.

What are you doing to attract referrals?

What are you doing to maintain customer loyalty?

91% of customers say they would give referrals, but 80% have

not been encouraged to do so.

Page 6: Double Your Business in One Year

HOW I DID IT…

Became more intentional about getting to know people as people.

Made them feel valued by expressing appreciation and remembering their birthday

Built a know-like-trust relationship

Increased my top-of-mind awareness so I am REMEMBERED.

Page 7: Double Your Business in One Year

NETWORKING

Tips from my book, The Music of Your Heart:

Network with those who are doing what you want to do, and soon you’ll be doing it too.

If you are the role model that everyone looks up to in your network, it’s time to upgrade your network.

Collect and record info about people you meet.

The size of your network determines the size of your net worth.

www.TheMusicOfYourHeart.com

Page 8: Double Your Business in One Year

Get the address and birthday of people you meet

so you can keep in touch and stay top-of-mind!

Page 9: Double Your Business in One Year

NETWORKING

Page 10: Double Your Business in One Year

“It doesn’t matter how much someone knows, likes and trusts you if they don’t REMEMBER you when they’re ready to make a buying decision.”

- Kathy Paauw

How are you staying TOP-OF-MIND?

Page 11: Double Your Business in One Year

The most powerful marketing of all...

"People will forget what you said, people will forget what you did,

but people will never forget

how you made them feel."-Maya Angelou

Be remembered as someone whomakes others fee VALUED!

Page 12: Double Your Business in One Year

Mary Kay Ash’s key to success:

“Make your people feel important.”

Mary Kay Cosmetics ($1.2 billion empire)

She taught her sales reps to send three handwritten thank you notes every night before bed.

Page 13: Double Your Business in One Year

Tom Hopkins Thank you Note Habit

• Within 5 years he went from making less than $50 a month in Real Estate to building an ANNUAL sales volume of over $14 million

• SECRET WEAPON: 10 hand-written thank you cards every single day

• 99% of his business by referral within 3 years

Page 14: Double Your Business in One Year

Tom Hopkins: Thank You Note Habit

• Thank you for talking with me on the telephone.

• Thank you for meeting with me.

• Thank you for your business.

• Thank you for your kind referral.

• Thank you for the excellent service you have provided for me.

• Thank you for taking your time to consider letting me serve you

(after first refusal).

• Thank you for taking your time to analyze my services

(after they bought from someone else).

• Thank you for using our service/product

(sent at one year anniversary).

Page 15: Double Your Business in One Year

Joe Girard was born during the depression in one of the most deplorable ghettos in Detroit.

How successful did Joe become?• The Guinness Book of World Records: "World's Greatest Retail

Salesman" for 12 consecutive years. • Sold an average of 6 cars everyday. • Sold 13,001 cars during his selling career… all at retail.

What was his secret?He built and maintained relationships. Joe sent 13 cards to each of his prospects and clients every year. He created top-of-mind awareness by keeping in touch with them.

Page 16: Double Your Business in One Year

What kinds of cards did Joe send?*

• Thank you notes• Cards of encouragement• Cards of congratulations (wedding, baby, job promotion)• Birthday cards• Holiday cards (Season’s Greetings, Valentines, etc.)• Helpful news and information • Small gifts to his best customers and referral partners

*An automated system was not available at the time, so Joe hired three full-time employees to buy his

cards and handwrite messages for him.

Page 17: Double Your Business in One Year

Two Case Studies:

• Las Vegas cocktail waitress

• Friend applying for a job at Amazon

Page 18: Double Your Business in One Year

Opportunities to be remembered as someone who makes others feel valued:

• Gratitude (just because)• Birthday• Anniversary (wedding, annual renewal, closing)• Congratulations (baby, engagement, wedding)• Thank you (business, referral, gift, hosted meal)• Sympathy• Apology• Holidays

DO NOT MIX THESE WITH MARKETING!(no business cards)

Send a Personalized Greeting Card

Page 19: Double Your Business in One Year

How many cards would you

LIKE to send each month to family and friends…

if you had a

convenient and affordable

way to do so?

Page 20: Double Your Business in One Year

How many cards do you

NEED to send each day or each month…

To stay top-of-mind and be set apart from your competition?

Page 21: Double Your Business in One Year

Do you say to yourself,

“I can’t afford it!” ?

Page 22: Double Your Business in One Year

You can’t afford NOT to!

Page 23: Double Your Business in One Year

Cost of retention of a client/customer is 10% of

cost of acquiring a new one.

5% improvement in customer retention equals

25%-85% improvement in profitability.

62% of your customers are not taking advantage

of all of the products or services you offer.

Page 24: Double Your Business in One Year

The #1 reason customers leave to do business with someone else:

PERCEIVED INDIFFERENCE

(68% of customer defection is because they think you do not care!)

Become a CHAMPION thank-you note sender!

"Who does not thank for little will not thank for much."~Estonian Proverb

Page 25: Double Your Business in One Year

Did a great job – I know, like and trust him!

Offers other services I could use – roof & gutter cleaning, walkway/driveway pressure washing

Has more work than he can handle by himself, and wants to attract more business so he can afford to hire more help.

I have not heard from him since May, 2009.

For each month you don’t make contact, you lose 10% of your influence.

Page 26: Double Your Business in One Year

OOPS! How will I remember his name and how to

contact him?

Will he get my repeat business/referrals?

It costs a lot more to acquire a new customer

than it does to retain an existing one.

What are YOU doing to be remembered by YOUR

customers, prospects and referral partners?

Page 27: Double Your Business in One Year

Idea: Send four stay-in-touch cards a year, using automated campaign feature.

Cost: $4.32 (including postage) and a little time to set it up and click “send” ONCE.

ROI: Service visits yield $200-$500; ROI well worth $4.32 to keep me as a customer and attract referrals, too!

IDEA: Each quarter the customer receives a valuable tip that is relevant to household maintenance needed for that time of year. Example:

Spring card: “Here’s my recipe for the cleaning solution I use for streak-free windows. If you find that you don’t have time to clean the windows yourself, I’d be delighted to assist you. Just give me a call.”

Page 28: Double Your Business in One Year

• A well maintained network of only 100 people can lead to millions of dollars in business over time.

• Each person in your network can connect you to 250 people... that equates to 25,000 potential connections!

• Make a list of your top 100 clients and differentiate yourself from your competition by following a simple inexpensive plan that takes less than 5 minutes per day.

Page 29: Double Your Business in One Year
Page 30: Double Your Business in One Year

• Create and send a real paper greeting card on the Internet without

leaving your office.

• Send a card campaign (same card or series of cards personalized

to multiple recipients) with one click of a mouse.

• Send completely customized cards with your own

graphics, handwriting, signature and personal message.

• Cards are less than $1.

• SendOutCards does the labor -- they print, address, stuff, stamp

and take to the post office for you. I just sent two campaigns:

holiday cards to 646 business contacts and 271 family & friends.

• Include gifts and gift cards with your greeting card.

Page 31: Double Your Business in One Year

Case Study: Real Estate agent: Elizabeth Ward SmallNational Top Producing REALTORBurlington, NC

Sent 12 postcards (one/month) to 240 households in her region

Page 32: Double Your Business in One Year

NOVEMBER BLANKET & COAT DRIVE

Page 33: Double Your Business in One Year

DECEMBER TOYS FOR

TOTS DRIVE

Page 34: Double Your Business in One Year

FEBRUARY FOOD DRIVE

Page 35: Double Your Business in One Year

Why multiple contacts?

The average prospect will not do business with you until they have seen or heard

from you at least 7 times.

Page 36: Double Your Business in One Year

Campaign: Great to meet you

Page 37: Double Your Business in One Year

Campaign: Keeping in Touch(just because)

Page 38: Double Your Business in One Year

Campaign: Tangled Whale(encouragement)

Page 39: Double Your Business in One Year

Campaign: Making a Difference(appreciation)

Page 40: Double Your Business in One Year

Campaign: Christmas Card

Sent to 722 people with a single mouse click!

Page 41: Double Your Business in One Year

QUARTERLY POSTCARD

$0.31 postcard

$0.33 stamp

$0.64 x 4 = $2.56 per person/yr.

QUARTERLY GREETING CARD

$0.62 card

$0.46 stamp

$1.08 x 4 = $4.32 per person/yr.

What would that kind of

TOP-OF-MIND AWARENESSbe worth to you?

What you send out comes back!

Page 42: Double Your Business in One Year

I’ll do it when I get

AROUND TO IT

Page 43: Double Your Business in One Year

Multiple-Piece Campaigns

• Create, send and forget (and be remembered!)

• Create your own or purchase professionally designed campaigns: www.SmartFollowup.com

• General stay in touch• Generic referrals• Holiday cards• Real Estate Agents• Mortgage Brokers• Insurance Agents

• Accountants• Dentists• Chiropractors• Attorneys• Carpet Cleaners• SendOutCards

Page 44: Double Your Business in One Year

SavingYourselfSignificantTimeEnergyMoney

Page 45: Double Your Business in One Year

Simply go to www.sendoutcards.com/101836

or email: [email protected]