Small businesses rely on growing their sales to drive revenue and support a healthy cash flow. These 12 proven ways to increase sales can help your small business grow.
Your sales team is your best resource for growing your business’s customer base and increasing sales. However, other parts of your business can also help to increase sales. Use these 12 proven strategies to increase sales with current customers and prospects.
How to increase sales with current customers
Your current customers are your best bet to increase sales and should be the focus of your sales and marketing efforts. They already use your products or services, so they trust you enough to purchase your solutions. If you provide them with high-quality customer service, they will be more likely to purchase from you again, which will help to increase your business’s sales.
1. Acknowledge current customer behavior.
Conduct research on how your customers use your products and services. Your products might have a lot of features, but your customers might only use one or two of those features. They might also have difficulty using or implementing other parts of your products or services. This will enable you to upgrade your products or services, or tailor them to your customers’ needs for a higher price.
When customers use a particular product, you can cross-sell related products that complement or add to the products they are already using. You have to show them how they will benefit from purchasing the other product. You can also upsell a premium product or service to help customers achieve better results, boost efficiency, reduce expenses or grow their own businesses.
Another approach is to provide customers with personalized training or customer service. Rather than upselling the service, this is an opportunity to strengthen the customer relationship and demonstrate where you can add value. The key is to show the opportunities available to the customer, rather than trying to hard-sell services they might not want.
2. Request customer feedback.
Whether or not you conduct research on your current customers, it’s always a good idea to ask them for feedback on your products and services, as well as how they feel about your customer service. Find out where you might be lacking or where they are having problems. Also, determine what makes them happy about your customer service.
Customer feedback can identify opportunities you had not considered, which can turn into new sales. Suppose that you develop websites for customers, which are optimized to increase sales leads for your customers’ businesses. Your customers might want to improve how they interact with their own customers, so they might want to create an email newsletter. You can set up a system to automate the collection of emails and publication of the newsletter, then connect it to a CRM system.
Customer feedback can help you to broaden your offerings, increase your sales and strengthen the relationship with the customer. If you don’t ask the customer for their feedback, you miss out on these sales opportunities.
3. Run promotions for current customers.
Running sales and marketing promotions just for current customers is a great way to reward them for their loyalty and business. Some customers are disgruntled or disappointed when they see a company run offers just for prospects and new customers.
Ideally, you should run sales and marketing promotions for current customers on a regular basis, such as monthly or quarterly. Scheduling your promotions like this will make your current customers look forward to each one, increasing your interactions and grow your sales.
Regular promotions for current customers also encourage them to share this “insider information” by referring people they know, who could then become customers. Referrals are an effective way of growing your customer base.
You can also run irregular promotions for customers, such as discounts or gifts on birthdays and special anniversaries, sneak peeks and free trials of new products and services, and invitations to company-sponsored events.
4. Provide excellent customer service.
Rather than always trying to sell to your customers, you should work on serving your customers. Consider their needs and how to make things better for them. Providing excellent customer service includes doing things for your customers outside of the sales experience to show how much you appreciate them. This helps to grow customer loyalty, which will increase sales.
These are some examples of excellent customer service:
- Offering free consultations, guides and useful information on different products and services
- Assigning someone to respond to email inquiries as quickly as possible
- Making exceptions to company rules for existing customers who want to use your products or services
- Personalizing delivery of products or services, such as including handwritten thank-you notes or mailing a photo instead of sending a link to a photo
- Curating informative and educational content on your website and social media pages based on customer questions and comments
Increasing sales with prospects
Prospects are a potential source of new sales. Every customer was once a prospect, and you had to spend resources to turn those prospects into paying customers. Prospects are aware of your business and its offerings, but they haven’t made the leap to customer yet.
1. Create packages, deals and free trials to attract customers.
As prospects are already aware of your existing products or services, you might need to package your offerings differently to turn those prospects into customers. There are many ways to do that:
- Combine similar products or services into one package.
- Combine different products or services that share a theme or address a related issue.
- Price bundles of products or services so they are more cost-effective than purchasing the products or services individually. However, don’t underprice and devalue your offerings with too high a discount.
- Put a time limit on a package or limit the availability of the offering. State a reason for the limits, such as the availability of stock or arrival of new inventory and product lines.
Prospects (and current customers) like these types of offers because they get more for their investment and find it more convenient to make a purchase.
Another option is to provide free trials and demonstrations of your products or services. This enables prospects to see how the product or service will work in addressing their specific needs and situation, without spending money to implement it. Providing prospects with a high level of training and customer service will ensure that they use the product or service properly and get the greatest value out of it, increasing the odds of the sale.
2. Conduct a content audit.
How effective is your content at promoting your products and services? You might have to conduct a content audit and make some significant changes to how you talk about your business.
Examine all your content, including your website and marketing materials. Ask yourself, “Does this content focus on features or benefits?” The answer should be benefits; if not, it’s time for a rewrite. Benefits focus on what your customers will get out of your products or services, while features describe what your products and services do. The goal is to show how your products or services will improve your customers’ businesses or lives.
For example, this is a feature: “This electric shaver runs on rechargeable batteries.” This is a benefit: “In a hurry? Grab a shave while you take an Uber to your next meeting.”
3. Do something noteworthy or unique.
Prospects and customers are constantly inundated with advertising messages, so it’s easy for your message to get lost in the noise. The key is to be noticed by doing something different or worth noting.
Don’t be louder – be more interesting:
- Find new and unique ways to advertise your products and services.
- Create a funny video that shows how to use your products in new and unique ways.
- Make a claim that no other company makes and then back it up with evidence.
- Schedule a press event to launch a new product or service.
- Support a charitable cause not related to your business.
- Create a strange or funny free giveaway.
- Become the first company in your field to do something specific.
4. Optimize your social media profiles.
Your business needs to be on social media, because that’s where your customers and prospects hang out. That’s why it’s important to create and optimize your profile on whatever social media platforms you plan to spend time on to find prospects.
Your social media profile provides more than your name and contact information. It’s like a small website that promotes you and your business. Your profile should clearly state who you are, what you do, what you stand for, and who would use your products or services. When people visit your social media profile, they should get an immediate sense of who you are and why they should get to know you.
Every social media platform is different, so your profiles should be different. Each should maintain your branding but be suitable for its particular platform. A LinkedIn profile should be different from a Facebook for Business profile, which should be different from an Instagram profile. Your audience hangs out on different social media platforms for different reasons, so it’s important to optimize your social media profile to fit those reasons and the platform.
5. Advertise on social media.
Your prospects and customers are on social media for both business and pleasure. Every social media platform offers opportunities to advertise your business, products and services. This is a relatively cost-effective form of advertising.
Social media advertising has several benefits:
- Social media platforms have a lot of data about their users, so you can target ads to get your message in front of certain prospects.
- You can run tests to see what ads resonate the most with prospects.
- You can choose exactly how much you want to spend.
- You can measure the results of your advertising campaign.
- You can build brand loyalty, attract followers to your website and create a community.
- Depending on the platform, you can support your paid social media efforts with other content, such as articles, blog posts, videos and links to your website.
6. Generate word of mouth.
Again, your prospects and customers are already on various social media platforms. Hang out wherever they do so you can build community and generate word of mouth about your products or services.
How do you generate word of mouth?
- Join relevant groups and contribute to the discussions by answering participants’ questions.
- Write blog posts and provide links to share your knowledge in your areas of expertise.
- Engage in conversations in chat rooms on topics of interest to your audience.
- Comment on other people’s posts and queries, adding value with your experience and knowledge.
7. Put a call to action on your website.
Every website – and every page on your website – should have a call to action (CTA). This directs the visitor to do something, such as contact you for more information, sign up for a free newsletter, download a report or set up a discovery call.
When deciding on a CTA, determine what you want your visitor to do. The goal is to convert visitors into prospects and prospects into customers, so put some thought into the CTA. It also depends on what page they’re on; make sure the instructions are clear and your CTA stands out. An effective CTA can bring in a lot of prospects and increase your sales.
8. Stay in touch with email marketing.
The path from prospect to sale is rarely short and direct. It could take several touchpoints and interactions with prospects to turn them into customers and generate sales. One effective way to lead prospects along the path to purchasing your product or service is email marketing.
Email marketing involves collecting a prospect’s email with their permission and then staying in touch with them. This can involve sending automated email messages, email newsletters and other correspondence. You can educate them about your products and services, offer special offers and discounts, provide links to case studies and testimonials, and notify them of new products and other news about your company. Staying in touch will keep you top of mind when the prospect is looking for a solution to their business needs.
Speak to a professional at Cashflow Consultants today! Call 1300 208 189 or email firstname.lastname@example.org.
The information provided in this article does not constitute specific advice. For further information, you should contact your professional adviser.