So Why In The World Aren’t You Doing More Power Referral Marketing?
(Especially If Money Is Tight!)
So here’s a rather serious question for you.
Ladies & gentlemen (and) aspiring entrepreneurs, (of all) shapes and sizes.
Given the choice, would you prefer, to have to constantly invest your hard earned money, on different types of advertising platforms, like Instagram, twitter and or Facebook etc?
Or if you could, would you prefer to consistently generate, at least 25% or more, of your initial front end income, simply by consistently implementing, some bank account filling, power referral marketing strategies and or tactics? Me too! 😀
So the $64,000 dollar question begs asking entrepreneur. Why pray tell, aren’t you currently getting more and more of your initial front end business, by way of some long term, bank account filling, power referral marketing strategies and or tactics?
So Who Else Definitely Wants To Know How To Consistently Generate Even More Bank Business Simply By Using Some Bank Account Filling Power Marketing Strategies And Or Tactics!
Hopefully you read and are ready to apply, what you recently learned,regarding, successfully implementing, some bank account power referral marketing strategies and or tactics.
In the recent post, with that name in the title. If by chance, you still haven’t done so just yet. What the heck are you still waiting for? 😀
Because as you discovered in that particular blog post.
An extremely marketing savvy, CPA (and or) local law firm, with 40 (or X number) of full and part time employees, associates and managing partners etc.
Who all combined, are currently grossing close to $15 million dollars a year, in annual gross billings.
One of the managing partners, approached a local auto repair shop business owners, and made them aware, the CPA firm currently has at least 13,000 opt in email/mobile marketing subscribers, who they periodically contact, a bare bones minimum, of at least one per week, 52 weeks per year! 😀
Extremely Savvy Entrepreneurs Understand How Really Tiny Seeds Grow Into Mighty Acorn Trees!
And just to quickly re-cap, in order to re- paint, the overall, long term, big marketing opportunity picture here.
These four major managing partners, have wives, daughters, in laws, (live in significant others), brothers & sisters, neighbors, card playing night and golfing and vacationing buddies etc.
They all routinely give to and help out, at extremely highly visible fund raising and other local charity events.
They also routinely meet privately with and have power lunches with, local bankers, high end -local- commercial and residential real estate agents and brokers etc.They about the long term,free viral exposure going here.
Ladies And Gentlemen Please Don’t Under Estimate The Potential Long Term Positive Affects Of Power Referral Marketing!
They personally know and routinely socialize with, (both) current and former mayors and key current and past city council rock stars etc!
They sit on corporate boards, and routinely rub shoulders with local men and women, who own or did own, seven and eight figure a year earning businesses and or service etc!
Meaning (ladies & gentlemen), they are, without a doubt, extremely well connected, to the high income earning individuals, within their local and outer communities. Would you not agree?
Certain Extremely Successful Entrepreneurs Can And definitely Will Open Doors For You Which May Literally Takes Years For You To Be Able To Do On Your Own!
Case in point, let’s say you currently run, a single location retail jewelry store.(And or any type of high front end mark up retail business or service of any kind.)
And rather than keep spending, anywhere from $10,000 – $40,000 (or X thousand) of dollars per month! And even more,during the year end holiday rush! 😀
As a proven marketing alternative, you’d much prefer to do some good ole fashion, bank account filling, power referral marketing instead.
So since one of your oldest, most loyal customers, is currently, the spouse, (and or) live in significant other, of one of the most powerful CPA (and or) law firms in town.
You ask the spouse, to have the other spouse to contact you asap, in order to run, a potentially profitable proposal by them.
Whose Says Your Small Business And Or Service Can’t Put Some Of Your Very Best Lead Generation Strategies And Or Tactics On Marketing Steroids!
Basically, here’s what you initially propose, because you’re simply not totally sure, what the entire, overall response will be.
Initially, you will gladly sell, every employees, managing partner, secretary, office assistant and paralegal etc.
Either, a really nice watch, extremely eye catching necklace, diamond studded earrings, bracelet and or pendant, up to $5,000 (or X) dollars in retail value, at your actual cost.Say what? 😀
Provided, the major managing partners, (agree in writing), to send out, at least four, of your very best, market tested, first time customer only discount coupons, to their ever growing, opt in email/mobile marketing list, once every quarter, (every 90 days) give or take. 😀
So What If Your Initial Lead Generation Efforts Only Produce Sales At Your Actual Cost!
So let’s say, the extremely marketing savvy CPA (and or) law firm, leaps at the chance, to take advantage of your temporary generosity.
And on average, about 33% of their opt in email/mobile marketing subscribers, open their email /mobile marketing alert messages.
Not knowing, this particular time, they’ve made a really sweet deal, with a local blank!In this particular case, it’s your retail jewelry business and or a savvy local service provider of some kind etc..
So roughly 4,290 subscribers, open their email message. (13,000 x .33% = 4,290 opens.) And roughly another 27% of the locals, (either) rush over to your state of the art, (mobile responsive) WordPress website and or blog. (4,290 x .27% = 1,153 )
Isn’t It Past Time Your Small Business And Or Service Start Running With The Big Boys And Girls!
And or, they not only come directly to your store, but another 30% of them, bring a friend, whose at least 18, like you informed them to:(1,153 x .30% bring a friend, which equals an additional 345.9 new first time quests! Rounded up to 346.)
So they get a chance to enter your free monthly drawing, and their chance, at winning an absolutely beautiful, eye catching, $2,500 dollar diamond studded necklace. 😀
Because remember, the jewelers ideal female customers, has a total lifetime customer metric value, of anywhere between, $7,500 – $13,000 dollars, over the next five to seven years.
Does Your Resource Rich Small Business And Or Service Plan On Staying Small Forever?
And the numbers (believe it or not), workout about the same, for their ideal male customers, as well,which is why the jewelers encourage the guys, to enter their free monthly drawing, for their chance,to win a really cool, men-s Rolex watch. 😀
Which normally retails, for at least $2,500 dollars! 😉 Entrepreneur and or aspiring entrepreneur, please stop and seriously consider this very important take away.
First of all, lets say at least 700 locals drop by and or purchase from the jewelers and or retailers state of the art website/e-commerce site.
And the average spend, is just $375 dollars each. This extremely marketing savvy jeweler, just grossed an additional $262,000 dollars! 😀 (700 x $375 spent per visitor = $262,000 on the initial front end only!
Ladies & gentlemen, and fellow aspiring entrepreneurs, isn’t it past time, you started profiting, from some bank account filling, power referral marketing strategies and or tactics? 😀 I thought so! See you in just a little bit, in part two, okay?
P.S.Now as is customary during this part of our show.
Please share your extremely valuable comments (in the comments section below) that you can
apply to your business, product or service in the next 30 days or less!
As always, if you got any value out of this post, please Google Plus or tweet this.Thanks!
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