Investing is one of the most important aspects companies have to deal with on a regular basis. Companies have to figure out when to spend while also looking at what to spend it on that. Now an investment doesn’t necessarily mean money, but can also be the time, or effort put towards a particular thing. However companies are main objective is to make money while turning a consistent profit. But have you ever wonder if the investment your company has made actually turns a profit? There’s a way to do it, it’s called Return on Investment (ROI); which is a performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments.
It is crucial for companies to check their Return on Investment wherever they designate any kind of investment. You want to make sure you are turning a profit on your investments ROI can be used to help narrow down where a company is or is not making a return on their investment.
Customer phone calls are important to any e-commerce or brick and mortar business. Want to learn some tips, tricks, and best practices to make your customer phone calls more effective? Let’s take a look at how to handle sales related phone calls in the first part of my two part series on customer service.
Part 1: Handling Sales Related Customer Calls
Seeing an Opportunity
This process is very similar to interacting with a customer in your brick and mortar retail store or even at a gun show. In the e-commerce world helping customers over the phone is not only necessary, but also a great opportunity to help and connect with customers. A person calling your phone line is probably looking to make a purchase, but before we begin, we need to lay down some ground rules for customer call.
Establish a Greeting
First greet each customer in a professional manner. A simple way to do this is to say, “Hello, (your business name), this is (your name), how can I help you?”
This will put the customer at ease, it ensures they have gotten to the right place and are talking with a real person. You now need to let the customer talk and tell you what they are looking for.
Asking the Right Questions
So let’s say for the sake of this post that, you own a gun store and a customer has called you. You greet politely them as usual and the customer then asks you, “What gauge shotgun do your recommend for skeet shooting?” This isn’t a waste of your day, it’s a buying signal.
Once they have said what they are looking for repeat it back to them and ask another probing question. This shows that you are listening and trying to help them. Try to ask questions that will give you insight into the customer’s needs. Avoid questions that make the customer unsure or intimidated. If you ask the right questions you should be able to get a very clear sense of your customer’s wants and needs.
Establishing a Budget
Next, you need a budget. Ask them, “How much are you looking to spend?”
Be prepared for two types of answers. You are either going to hear a number or they are going to ask you to make a recommendation.
• A number is easy. From there you would talk about products that are at or around their target range. Don’t be afraid to recommend something that isn’t exactly at their number. If they don’t need to spend as much or if they may need to spend a little more to accomplish their goal, tell them, and make your honest recommendation. They will be much happier with something costing 10-20% more or less than the number they mentioned if it is the right product for them.
• Recommending a price range is more difficult, but it’s nothing to be intimidated by. Simply think about it this way; recommend a specific product that you would want to purchase given two conditions:
• You are looking to get a high quality item that will last a long time
• You are looking to invest a decent amount of time and energy using the product you buy. If possible recommend something that you have had some personal experience with.
Benefits are Key to Any Sale
Once you have established a budget and recommended a product you need to start listing benefits and explain why you are making that recommendation. A benefit is the positive effect on your customer of a certain feature. For example a feature of a rifle may be a picatinny rail. The benefit to a picatinny rail is that they can easily attach any accessory that they may want often without using tools, so they won’t need to get a screwdriver out to add a tactical light on to their gun.
Keep talking about benefits and be sure to put the product where the customer can see it. An effective way to do this is to direct the customer to the product on your e-commerce website or to email them a link.
When you have both chosen a product and outlined some benefits it is now time to listen to the customer’s concerns and talk with them about their objections. Be sure to answer all of their questions as professionally as possible and find them the right information if you have to. It is important to re-establish that this is the right product for the customer when dealing with objections. Then keep talking about benefits.
What if The Customer Doesn’t Like What You Recommend?
If the customer doesn’t like what you have picked out for them don’t argue. The response to that is, “Ok, no problem let’s find you something else.”
Then move on. The important part here is to make a sale NOT make your point or try to change the customer’s mentality.
Closing the Sale
Once the customer is seeing the benefits and how they can work for them ask for the sale by inquiring, “Is this something I can ship out to you today?” or in the case of firearms, “what FFL will I be sending this gun to?” If the customer really likes the product it is worth trying an assumptive add-on close. In this case, a good way to do this would be to say, “how about some extra choke tubes to go with your new shotgun?”
Odds are these questions will lead your customer in the right direction without being forceful. Once you do make the sale reinforce that the customer has made a good decision and that they will be happy with their new product.
If you do have to end the call before the sale is made remember to follow up with the customer. Ask for permission to send him some information about the products he is looking for. You can easily email the customer links to products on your site with a personal note recommending certain items.
Want More?
The National Shooting Sports Foundation has created a great video talking about in person customer interactions. A lot of it applies over the phone and it is worth spending time to watch. Taking these steps on the phone and in person will leave your customers happier and put more money in your pocket.
As a business owner consistently pushing your brand and products in front of your customers is a struggle. Adapting, creating, and promoting new products are imperative, and one simple way to do that is through email newsletters. Some people believe that email marketing is a thing of the past and not an effective way to grab a customer’s attention. I am here to say those are false beliefs and many companies are successfully using email marketing for numerous reasons. Email Marketing increases traffic towards your online store, increases brand awareness while promoting your products consistently.
The first thing a business must do is carefully build up a recipient list and carefully place them into categories so as the business owner can send out direct newsletters to increase the potential for that customer to buy products on your online store.
After creating a list for the newsletter, the next step is to set up a newsletter. This isn’t the easiest thing to do, one must pay close attention to the design and effort you’ve put into it to achieve maximum results. It must draw the reader’s attention towards certain parts of the newsletter to keep them interested and want to read more. Maybe offer coupon codes or incentives to your audience to drive traffic to your store even if they don’t buy anything. If at all, a newsletter is a way to keep your business fresh inside the minds of your customers, saying “Hey! I’m still here with good deals”.
Now after you’ve built up your audience and took the time to carefully build your newsletter it’s time to send it out. But you may be asking, when is the best time to send this out? Does the time of day really matter? Yes it does! Do some further research to maximize the amount of open rate your newsletter. Try to send out an” A/B” testing email to narrow down times, dates, days, and even comparing different emails. Doing this will increase your chances for a higher return on investment and increase the amount of people looking forward to your next newsletter!
Be sure to tune in next week on part 2 of this marketing feature!
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“If it ain’t broke, don’t fix it” – Outdoor Business Network
By 2014 every business should have at least a website capable of informing customers what you have to offer, the time your store is open for business, and some contact information in case they needed to call. For retail stores, not having a fully functioning eCommerce website could be limiting the amount potential growth your company has. Think about it, in today’s world, when someone is looking for a retailer they go online and search for it. Unfortunately, the yellow pages are now considered to be practically stone aged but there is something you can do as a retailer to keep up with the times. Let us go through 10 reasons why your company needs to be on the web by 2014!
1. Promoting the Presence of your Brick-n-Mortar Store
Finding your store isn’t always the easiest thing to do, and can become quite frustrating. Having an online store you’re able to publish a virtual map on your website which can show directions and easy identifiable landmarks for customers to print out.
In case you’re business grows too large for your current store front, you may move to a large facility. Doing this you will be waiting on the phone company to come out and set up your connection, since a website is flexible you will be able to inform customers where you’re new shop.
2. Expanding the Market
The internet has allowed companies to offer their products to people all over the world, virtually in any country as long as they have internet service. This is huge for companies, being able to expand their businesses reach. On a smaller scale level, this helps small businesses become more competitive, you may not get that customer 1000 miles away, but you have the potential to grab that customer that may think it’s just a little far to drive to your store front.
3. 24/7/365
This is great for businesses, never having to close down ever again, make employees work endless hours! Ha! No, having a fully functioning website will allow you to step away from the shop on holidays and special occasions knowing that customers can still buy your product online. Having a website means your company will be able to stay open every hour of every day.
4. Advertising Goes Further
The internet is vastly different from print and media advertising. Print and media advertising can become quite costly not to mention frustrating, while having an online store companies can advertise online to customers for less while achieving more! With the technology today you are able to track each ads performance on a day to day basis.
5. Growth Opportunity
Having a website is a great place to refer potential investors and customers to, showing them what your company is about, what is stands for while having proof of what it has achieved and the potential is has to achieve in the future!
6. Standardize the Sales
Having the ability to study your website and looking at what sales approached worked and which have not. Studying this and taking notes will allow you to create the sale proof pitch using it on every customer to increase the amount of sales.
7. Adding Value and Satisfaction to the Customer
Your company website can add an invisible value to help your customers and visitors remember you better by adding general knowledge, advice, and featuring some tips. All of these things can not only improve the chance of your customers returning to your website but also help them remember what they’ve seen and read.
8. Credibility
A website provides the opportunity to inform potential customers what your company is and why they can trust you and your products. Many people use the internet to reference ratings and reviews on products prior to purchasing a product. This also allows a free marketing tool, where no longer do you have to spread the positive word but your customers do some of the marketing for you by showing off where and how they got their newest product.
9. Two-way Communicative Marketing
When a customer needs quick feedback on a product, they can easily refer to a website to find what they are looking for. Having a website that provides the feedback of prior customers can ensure the newer customers that they are receiving what they are paying for. They can also give your company the feedback on your products and the marketing approach you may have took on that page.
10. Cheap Research
Having a website provides your business with the opportunity to show features, and new products. But can also provide some market research to determine just how well your business sizes up to the next by adding visitor polls, online surveys, and using your web statistics.
This isn’t the Stone Age, store to store business may not be enough anymore. Make sure your business doesn’t suffer from the lack of knowledge available at hand. Take advantage of everything the web has to offer. Analyze the data and monitor your progress, to ensure the survival of your business. Don’t get left behind!
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“Not having a functioning website only limits your company’s success” – Korey P.
Generally speaking any main online business objective is to sell more products to new and returning customers alike. When potential customers shop online they are always looking for the best deal around, whether it be free shipping, a percentage discount, or even a simple graphic that entices them to click. It’s difficult for businesses to try to win every online price war; but what if your potential customers know that every day or every week you have a different item on special or on sale? In this short blog, we’re going to cover 3 small incentives your business can do right now to generate and increase sales.
Specials – One of the most important tools that online business owners tend to forget is having some sort of special on one or more of their products. A special on a product could be something small but entices the potential buyer to follow through and purchase the product. A quality place to put a specials is anywhere on the home page that directs the potential customers’ eyes towards it.
Shipping – Online buyers search multiple websites before they find the product they’ve been searching for at the amount they were looking to spend, but when they get to the end shipping costs could be the only difference between a customer buying a product from your and a competitor. Offering customers different shipping costs depending on the size of their shopping cart could entice customers to not only buy their product from you but also spend more money on your website to get the better shipping costs.
Time and time again I’ve shopped online looking for good deals for the products I want to buy. After finding multiple options around the same price I often look to see what incentives or free items I may get with the purchase. For instance, if I’m deciding between two companies; If “Company A” offers me a free small item like a key-chain, where “Company B” doesn’t offer me anything, you better believe that “Company A” is going to get my business. Even if I know I’m not going to use the key-chain, the thought of receiving something for free always is more enticing. So in theory sometimes offering customers a small item that doesn’t cost much more than a few pennies could result in more business for your company.
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“lower prices don’t always mean higher sales” – Korey Pavlika
Since 2006, Outdoor Business Network has worked effortlessly to bring their retailers industry leading distributors and we are proud to announce the addition of Green Supply. Green Supply offers wholesale hunting, outdoors and sporting goods products with over 35 thousand products ranging from over 260 manufacturers. The partnership will allow Green Supply products to be distributed through the e-Commerce platform provided by Outdoor Business Network. The OBN team is excited to work with Green Supply and help build the image of the Outdoor industry.
Ever wonder where the majority of your website’s visitors travel on your site? What they click on? How long their on there? It’s called analytics, companies use this to track their visitor’s behavior. It allows companies to keep track of specific data about items that are purchased, you learn how visitor’s navigate the site, and allows you to focus on particular ways to increase the sales for your company. For example, if you’ve noticed that many potential customers are leaving their shopping carts, you can back track their navigated pages to find what pages may need to be overhauled or slight changes to increase the amount of online sales. For the best online results, consistently checking of the websites page traffic and the popularity of specific items will allow your company to stay one step ahead of your competition.
Here are five tools to help get your company use analytics:
1. Demographics: This tool allows you to understand the characteristics of your customers like their age, and sex so you can adapt your website as necessary.
2. Geographical location: Allows you to understand where your visitor’s are coming from, and their language.
3. Behavior: this tool is great to understand how many unique visitor’s you are receiving on a monthly basis, and also allows you to see the amount of time spent on your website to help you narrow down any issues you may be having.
4. Device: this feature is very important to understand how your visitor’s are reaching your website, either by a desktop, mobile device, or a tablet, understanding this will allow you to cater to your largest group of visitor’s and potentially increase sales.
5. Visitor Flow: this is the feature where you get to see where your visitors are going every time they are on your website. This will allow you to track what pages you may need to upgrade to increase the longevity of potential customers on that page.
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“Improving your website is understanding your visitors” – OBN team
Over the weekend Hillsdale College achieved it’s 2nd ACUI Collegiate Clay Target Championship. The team finished with a combined score of 1497/1650 beating Schreiner University by just 20! Two of Outdoor Business Network Staff are Hillsdale College Alumni, Kyle Jazwiecki, a former Trap and Skeet shooter for Hillsdale college said:
“glad to see the college on the right path towards success and hope the best for them with years to come”.
Outdoor Business Network Congratulates Hillsdale College with their 2nd ACUI National Championship.
Jordan Hintz, Kyle Luttig, Joe Kain, Casey Inks, Kie Kababik, Anna Pfaff, Mike Carl, Adam Burlew
When companies develop an e-Commerce. website, the most important factor is displaying the products in a detail orientated manor while positively presenting them. No two products are the exact same, and correctly categorizing your products to ensure your specific customers are finding the products they are searching your website for. Including important product information is key, companies should focus on updated and including as much information as possible of each product they intend to sell. If a customer comes to a product page and has little to no information regarding the product itself they are three times more likely to travel to another website and buy the same product from a company that includes a lot of information.
www.jabtac.com
Doing this not only increases the potential for a customer to buy from you but also increase the organic search results in search engines. Improving your search results on your own website from your products alone increases your SEO ranking within the top search engines such as Google, Bing, and Yahoo. In order to achieve optimal search results within your own website each product must have an abundance of relatable content filled with quality keywords. Keywords are very important to a websites success and could be the difference between selling products to a potential customer.
Now, when selling online products another important aspect to look at is how the product is represented on the page. Yes filing in the price, quantity, size, specifications is good; but why would you want to be like every other e-Commerce page? Taking the time to create off the wall, creative content for each product will only help your business succeed in the future. An example a company that creates quality content for their products is BEAMSHOT. Beamshot took the time to create videos for their products to show the customer how their product works while how well it performs. Doing this gives their customers the assurance of receiving a good product and helps ease the decision on buying that product.
Now there are other ways to generate quality content to show your customers that whenever they visit your website they know they are going to find what they are looking for. If your company is primarily a clothing company, a good way to market your clothes is to actually take pictures of them on a person or on a manikin. Doing this provides the customer with enough visual information of how the product will look on themselves or on another human being. If your company sells specific products that only pertain to your company it is important to display each of those products with as much information as you possibly could create. Doing this leaves every question a customer could have with an answer rather than traveling to another webpage that has their answer for them. No product should have little or no information.
Some necessary steps in order to improve online products:
1. Figure out what product(s) are lacking in content
2. Enhance those product(s) by creative content and include details
3. REPEAT!
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“quality content = better success” – Korey Pavlika
While operating a business in the outdoor industry it is crucial to understand the demographic of your current and potential customers. A demographic is the way companies understand what “type” of customers they can expect to sell their products or services to. To a marketer, demographics can be found by these 5 factors: Age, Gender, Income Level, Race and Ethnicity. These are the factors that a business owner has to take into account when marketing their business so they aren’t wasting their money on groups of people that typically wouldn’t be interested in their products or services.
Now in the outdoor industry, businesses instantly think their only demographic are the Robin Hood or Wild West sort of people. Companies have to realize that there are other demographic they can appeal themselves to. This takes time and is not as easy as just throwing marketing efforts towards something just because it sounds good! You have to do your research and take notes to ensure your efforts aren’t going to waste.
Recently, we launched a website for a company called “Grasmeyer Guns“. The first word you notice in the store’s name is the word “gun”. Most people would think of the usual gun enthusiast stereotypes, like Wild West gun slingers or tactical gun stockpilers, but, you may be surprised to find out that their target demographic was families. The owner of Grasmeyer Guns successfully created a family environment where the average customer can feel comfortable, and know you’re going to get an honest opinion on their products. The website has an inclusive feel, that gun ownership is for everyone and families can feel comfortable and save around firearms.
Doing this opening up an entirely new demographic of people to visit their business. Not every business is going to have the same demographic, there are outside factors to look at as well such as location, and competition. Standing out in your community can benefit the business in a number of ways. Consistent efforts towards multiple demographics help keep your business name and reputation stay fresh inside the minds.
No two companies are the exact same, while they may have similar standard demographics including a new demographic groups can expand the reach of your business. For instance, in the outdoor industry, firearms and archery are main topics to discuss. While most are held by men, businesses that offer opportunities and appeal to women and children have the upper hand when selling their products or services. In the last few years the sector for selling women firearms has grown exponentially while children have become more in tune with archery. As a business owner you must take advantage of these opportunities where 1 sale could become a lifelong customer.
Building an inclusive atmosphere for your customers is a key aspect of business because creating a good experience for the customer the first time potentially means more products/services to be sold to not only that customer but his friends and family in the future. Creating good experiences take time and effort to become an expert at. Companies want to create a unique experience that the customer can only get at their store.
If companies can combine expanding their demographic to reach a higher audience while creating a unique experience, you can expect to see a higher percent in sales and returning customers. Yet it is important to understand what your demographic is and the potential demographic so your efforts are not a waste of time and money. In other words, tap into the resources that make the most sense, do your research, and execute to the best of your ability.
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“Expand your business by creating unique experiences through multiple demographic channels” – Korey Pavlika
