By Charles George Welcome to the Publish the Thrive Radio Show. Every business owner can benefit from publishing their knowledge. Today, every business is a publisher. Whether you are creating content for social media, blog posts, videos, podcasts, newsletters, books, or other types of premium content like paid newsletters, online courses, membership programs . Everyone is a publisher. Publishing helps you reach new prospects, strengthen relationships with current customers and create additional revenue opportunities. I’m your host Charles George. I am a digital direct marketer and copywriter. For about 20 years, I have consulted with business on creating marketing campaigns that reach new customers and sell more to their current customers. Today, I focus on building profitable online audiences and brands. You can follow me personally at www.PublishtoThrive.com. IBGR.Network - PROFIT Radio. Everything a business owner needs to start, grow or exit a business. Grow With Us. Introduction Today’s topic is going to be how much do you need to focus on customer acquisition versus customer retention. How much time do you allocate to acquiring new customers versus retaining current customers. How much of our marketing budget do we allocate to customer retention? Can we build systems that help automate acquisition? Can we implement systems to help sell more products and services to current customers? Is there a balance between customer acquisition and customer retention? Show Objectives - The Why 3 Ways to Increase Revenue
Current Customers
Overall marketing budget percentages towards acquisition vs retention? Acquisition - Are there automated ways to generate prospects, and how can we convert them into first time customers? Retention - Once prospects purchase, how can we lead them to purchasing multiple times to become advocates. How can we use automation to achieve this? Key Issues- Owner Perspective:
What You Need to Know - Customer Acquisition - Lead Generation - Lead magnets and landing pages Facebook ads to generate leads and sales Dedicated/Solo emails - Being a guest on other people’s platforms- podcasts, Facebook & YouTube Lives, contribute content to their site blog posts, newsletter articles. How can you add value to the person’s audience? Creating Your Own Content for social media, website, etc. building your own audiences. Converting Leads to Customers - Low price point upsells - books, reports, smaller items and services where customers can get a taste and experience what it is like to do business with you. Sales Pages on your website What You Need to Do - Customer Retention Automated Selling Systems- shopping carts that have these features. Upsells & Cross sells Higher price point products- Follow up with Phone Calls, and Zoom meetings. Conversations Lead to Conversions Email Newsletters & Promotional Emails Facebook ads targeting specific customers with specific offers Direct Mail- Sequences Customer Rewards Programs Develop systems that automate some of these processes so the company can scale. Shows Previous: Episode C3.008 Identify New Users for Existing Offer Next: Episode C3.010 Customer Recovery About Charles George Charles George is passionate about helping purpose-driven entrepreneurs create a lifestyle business by combining publishing with direct marketing. One of the fastest and most profitable ways to build an audience is through email. Download Charles' free report 101 Ways to Increase the Size of Your Email List. http://publishtothrive.com/IBGR C2.09.3NA
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