How to get more customersRebecca Bendikov
You’ve got your business, employees and cash flow all set up and are wondering where your next sale is coming from and how to get more customers. This is a question that many small business owners have asked at one point or another. Sales are essential to every business and without sales, you can be certain that you will fail. In order for your business to be successful, you have to find what works for generating sales and boosts revenue.
How to get more business
Most small businesses find it difficult finding new ways to sell their products and services on a tight budget. It is a constant challenge to increase sales and get more customers while keeping their marketing and advertising dollars under control. So, how do you drive more sales to your business on a limited budget?
Below are a few low to zero cost ideas on how to get more customers and generate more sales.
Your first priority when attempting to boost sales should be your existing customers who are already willing to pay you for your products or services. You can easily upsell an existing customer who is familiar with your business, by suggesting more of your products or services to them. Try to build a relationship with your clients and study how they use and interact with your products and services. A simple bookkeeping software is key and a reliable way to track your existing customer’s purchases and feedback. This will provide better insights into how you can provide better personalised products to sell to them and keep them happy.
Plus, increasing customer retention rates by as little as five per cent could actually increase your profit from 25 per cent to 95 per cent, according to Harvard Business Review.
A profitable database
As with most things when it comes to the administration side of running a business, big or small, accurate documentation and record keeping is one of the keys to success and longevity. Any marketing or salesperson will tell you that it’s important to record all potential customers or clients somewhere, even if they are not interested in buying from you now, there is a high chance they will be in the future.
Implementing a good quality and easy to use customer relationship management (CRM), will save you hours of time and frustration when you are ready to boost sales because you will have a ready made database from people you come across or whose details are in your possession.
As the name suggests, this starts the relationship process early on and you can start building facts and a rapport with that customer, well before they are ready to buy. So that when they are, you are already top of mind and will be a natural and logical choice.
You’ll also be able to free up your memory and thinking power to focus on doing what you do best in your business, whether that is running it or taking a break to recharge and spend time with the family!
There are few marketing devices more effective than feedback and reviews from past customers. Once a potential customer sees that you were able to solve a problem for someone else they will be more likely to part with their money.
Using social proof via testimonials and reviews is a powerful way to market to new customers. At least eighty per cent of customers trust online reviews as much as they trust personal recommendations.
‘Using social proof via testimonials and reviews is a powerful way to market to new customers.’
You can promote your products and services on social media, even if you have a small following online. Announcing your product offerings on social media is a great way to boost customer awareness and make sales. Customer testimonials can help spark interest in your offerings and are the perfect conversion tool you need to turn potential customers into paying customers.
Social media is a great way to disseminate interesting industry information and establish a clear line of communication between you and your customers.
Take a look at our tips on How to show your small business customers some love in the digital age.
Create product and service bundles
If your business provides more than one product or service, you can try bundling similar offers together. For example, if you are a hairdresser, you might like to package up a cut, colour and style as a separate offer with a small discount to encourage an upsell.
Research has shown that most customers equate a product or service bundle with savings; this makes it much easier to sell. Remember to keep your bundles as flexible as possible, potential customers may reject a bundle if they feel that most of the products or services it contains doesn’t apply to them.
Your small business can establish connections with other complementary providers in a similar industry so you can refer new business to one another, whilst offering unique deals to your customers. For example, an interior designer could benefit from establishing a relationship with plumbers, painters and builders.
We recommend that you don’t try to implement all of the above ideas at once but instead pick one and focus on doing it well. Be sure to let us know which tip you chose and how effective it was attracting customers to your business.
Not sure which business software you need? Get in touch today.