DO YOU GIVE YOUR CUSTOMERS ENOUGH INFORMATION TO WORK YOUR PROGRAM?
Of course you do _ right? Check again! More often than not I have watched
people join a program, receive a camera-ready circular and are expected
to
know what to do with it. While the originator of the program knows
exactly
what to do, most of your customers do not. What may seem like common
sense
to you is not as understandable to others who purchase it.
Every program you sell should come with an instruction sheet. Just
like any
product you purchase will come with an instruction sheet. It just
makes
good business sense to include an instruction sheet or booklet with
anything
you sell.
Guess what? This sheet or booklet can be used to YOUR advantage.
By explaining step-by-step how the program works, what it's goals are,
the
benefits of working it and what steps to take in order to work it properly,
you can offer different options to your customer to help them. If you
supply
camera-ready circulars, you could offer to print copies, supply pre
printed
envelopes and mailing list names for an additional price. This is called
"back-end" sales.
And if you don't provide these items, you can find a wide range of
mail order
dealers that can. Hook up with a good supplier who will reduce their
prices
slightly so you can make a profit and send orders directly to them
from your
"back-end" sales. This little bit of extra money is what helps your
program
become more financially solid.
One problem that so many programs fail is because they are not managed
and
structured properly. Remember the old saying: "A 3-legged stool is
not
easily broken?" It's true. The more "branches" you have in a program
that
generates some cash flow the better. DON'T get this confused with
nickel-and-diming people to death. Just give them the product they
pay
for and offer them extra products they can purchase that compliments
what
they already have.
One of the biggest mistakes you can make when you are the Prime Source
of
any program is to promote the program your dealers are also promoting.
Instead of it bringing in more money it has the opposite effect _ it
destroys the program!
Let's say that Melanie joins Jeff's program. Jeff is the Prime Source
and
provides Melanie with a camera-ready circular with her name on it.
Melanie
begins printing and mailing the circular in her own mailings but one
day
she spots Jeff advertising his own circular in a tabloid. What does
Melanie
do? She STOPS mailing her circular. Why? Because Jeff looks like a
greedy
dealer who is after all the profit. Jeff is only giving Melanie 50%
when
people respond to her circular and Jeff gets 100% if people respond
to his
circular. Also _ Melanie does not want to be in competition with Jeff
and
drops out of the program. It's not fair to Melanie.
And what happens to Jeff's potential income when all his dealers see
the
circulars with his name on them? You got it _ they all drop out. Now
what
happens to Jeff's income? Right again _ it drops considerably!
Instead, Jeff should pick out a few of his dealers who are trying their
best to make money with his program and offer to mail pre-printed circulars
for them free of charge. Remember that Jeff is making money from every
sale
generated by his dealers, so by promoting his own product he is still
making
money. Besides _ if he helps his dealers make a few dollars, what will
his
dealers do? That's right _ they'll keep participating in Jeff's program
and
most of them will re-invest the commission money they make into printing
and mailing more of them.
Also, when they begin to make a little money, they will tell everybody
they
know what a wonderful program Jeff has. And guess what? Jeff will get
more
dealers promoting his program _ which means more money for Jeff in
the long
run. Jeff's a success because he made his dealers a success.
And finally _ Jeff's reputation will be escalated because all his dealers
will know he's an honest guy to do business with. Guess what? Jeff's
business
income increases! Not just because of the program but because people
are
interested in other things Jeff sells.
It's only good business sense to help your dealers by providing them
with
tips and information to work your program. Sure, there will always
be people
who buy into your program and not work them _ but you'll lose a lot
more
money if you step on their toes and become their competition! Be wise!