The Cheapest Way to get More Business | Bizdom



The sixth cause of poor cashflow – Overheads are too high


This isn’t typically a place where you will find a lot of wastage. Our experience is that business owners are very careful about managing their expenses, and the smaller the business is, the truer that statement is. Having said that, as a business grows, so do the layers of hierarchy. Management control can deteriorate, and […]

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The Cheapest Way to get More Business

Posted 11 months ago in MARKETING

If you’re looking for new work, follow this very simple model; not only will you get more clients for way less marketing spend; you’ll be improving service to existing customers too.


Many business owners spend way too much money trying to generate new leads by trying to connect with suspects.  If you want to market to suspects then define your target very clearly, find out where they hang out in the greatest numbers and hang out there too. Networking like this is much cheaper and way more effective as you get to build relationships.


Once you’ve generated new leads make sure you follow them up quickly before they go cold.  Return emails and phone calls quickly, turn up when you say you will.  You need to build trust in these early stages.


When dealing with prospects make sure you have a clear sales process.  Find out what problems they have that your product or service will solve for them.  Give options – a ‘choice of yeses.’  Use a system or checklist to identify up-selling opportunities to increase the sale value.


Once you’ve made that first sale then make sure you deliver what you’ve promised (or more – UPOD = Under Promise and Over Deliver).  Then they’ll either come back again (and become a client) or will at least start talking about what you’ve done.


And here you have the cheapest way to get more business; getting more referrals.  Simply by giving great service your customers and clients will become your fans or advocates.  They’ll talk to others (especially if you encourage and reward them for doing so) and before you know it you’ll have plenty of new business.


What can you do to generate more referrals?


“The purpose of a business is to create a customer who creates customers” – S Singh



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