Did you happen to notice in part one, how there are many solid, and reasonable definitions, for under performing and or under used assets?
And most profit seeking entrepreneurs, has there fair share of them.(Including you.)
Even though initially, it may not be as readily apparent to them.
Rest assured, all businesses and or services of every shape and or size, (including yours/ours) has some form of under performing and or under utilized assets and or resources.
And some of them are more easily identifiable tangible assets, while others are of the intangible variety.
And sometimes, other non directly competing vendors can help you identify and profit from them.Huh?
And other times you can learn to benefit from your very own under performing, and or under used assets and or resources. The remainder of this post, will amply demonstrate the untapped marketing possibilities.
How Do Savvy Entrepreneurs consistently Benefit From So Called Under Used Assets? (And How Can You Learn To Do It Too?)
As you recall from part one, an extremely marketing savvy husband & wife team, which currently manages upscale luxury townhouse and condo properties.
And they currently manage 400 local upscale units. Which has more than it’s fair share of local females, who earn really nice incomes. And have no problem spending their earnings!Right?
And or they work from home. Either way, they are professionals,(and or high income earners of some type), and they have professional and personal inner circles of friends, colleagues and or relatives, who also due very well.You get the picture,right?
And that’s why this extremely marketing savvy husband & wife team, initially approached a local upscale jeweler, who targets these exact same local women, with their outrageously expensive advertising campaigns.
And because the jewelers ideal customer, has a total lifetime customer value metric of $15,000 dollars, over the next five to seven years.
The husband & wife team were able to convince the jewelers to provide them with his & her Rolex watches, worth $5,000 each. (Even though, truth told, the jewelers actual hard cost, is only about $2,500 dollars each. Or less.
And the jewelers also agreed to finance annual 14 day luxury cruises, for the husband and wife team as well.Say what?
Because once again, the jeweler could easily negotiate some type of extremely reasonable discount from the travel agency, in exchange for the travel agencies getting massive free exposure from the jeweler and the husband & wife teams current tenants.Think about those long term marketing possibilities, why don’t cha.
Your Highly Developed Entrepreneurial Skills Can Kick The Door Of Marketing Opportunities And Or Possibilities Wide Open!
Now let’s do a marketing reverse, shall we? Huh? Let’s say the extremely marketing savvy jeweler, initially approaches the husband & wife team, whose business currently manages, 400 local luxury townhouses and or condos in a constantly growing sub division.
Since the jeweler wants to target the high incoming earning tenants, especially the women.
And when the husband & wife team agrees to; (either) send a series of extremely time sensitive emails and or text messages,(a couple of times per year.)
And or periodically send direct snail mail post cards, and or periodically leave, one of the jewelers best, market tested,extremely time sensitive one page flyers in every tenants mail box etc.
The jeweler will gladly provide the husband & wife team with annual 14 day luxury cruise ship vacations, which normally retail for $15,000 dollars.
But the jeweler will pay quite a bit less, because they’ll gladly provide the travel agency with massive free marketing exposure, via their highly targeted opt in email/mobile marketing list.
Developing Effective Lead Generation Skills Has Got To Become A Main Component Of Your Business!
The other four main reasons why, the extremely marketing savvy jeweler, is more than willing to creatively invest their marketing dollars in the following marketing strategies and or promotions.
Is because doing so inexpensively puts them in direct and or indirect contact with their ideal target market.Especially the highly successful and socially connected local females.
1.) Potential marketing reason #one: Think about the inexpensive referral marketing opportunities and possibilities, the jewelers will instantly create.
When a strategically positioned, local husband & wife team, whose property management company, currently manages 400 (or X number of) local upscale units.Or more.
As their current business and other future JV (joint venture) opportunities continually expands!
You Can And Definitely Should Be Leveraging Your Ideal Customer Or Prospects Professional And Personal inner Circles!
Plus whenever the husband & wife team attend popular, local fund raiser and or exclusive upscale dinner parties with other local, highly influential guests.And successful entrepreneurs, from all walks of life.
And they’re both showcasing their $5,000 dollar Rolex watches,(or whatever actual type of designer bling they’re showcasing.)
Which they got from the jeweler for either the jewelers actual hard cost, and or for free!
Don’t Ever Under Estimate The Potential Long Term Marketing Leverage Your Small Business Is Truly Capable Of!
You can only imagine what type of constant, positive word of mouth and mouse exposure, the dynamic husband & wife team will be constantly generating among their peers for the jeweler.Right?
Once their peers discover how they got those fancy Rolex watches, and a solid commitment to provide, annual 14 day luxury vacation cruise ship packages to the couple as well!Say what?
2.) Potential marketing reason # two: The extremely marketing savvy jeweler also wants direct and or indirect access to the tenants professional and personal inner circle of high income earning peers and as well as personal acquaintances, correct?
3.) Potential marketing reason # three: The jeweler also wants direct and or indirect access to the tenants, extremely close personal inner circle of in laws, sisters, brothers,neighbors and or Moms, Fathers, children and or social media contacts etc!
Ever Notice How Some Really Good Lead Generation Strategies Tend To Lead To Even More Opportunities!
4.) Potential marketing reason # four: They also want direct and or indirect access to the other local vendors, who routinely do business with the husband & wife management company.
Especially if the vendor has over ten employees or more.
Because the jeweler, (and or) extremely marketing savvy retailer X, is strategically building a long term sales funnel, which will pay them handsomely for years & years to come, don’t you agree?
This is just a small sample, of how strategically using reverse marketing tactics, can and definitely will help any extremely savvy entrepreneurs (just like you.)
Benefit from your under used and or under performing assets. Don’t you agree?
There’s Literally A Ton Of Untapped Marketing Leverage Just Waiting On You Or Your Major Competitors To Discover!
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!
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