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The Monthly Newsletter for Impossible Futures

Business Solutions for Small Businesses
In This Issue
Video Clip of the Month - Customer Service by Frank Furness
45 Blogs and Still Going Strong
Take Care Of Your Existing Customers
What is the Most Important Stage of the Sales Cycle?
Links
This Month's Recommended Reading List
  
Raving Fans

Exceptional Customer Service

Little Black Book Of Connections


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Greetings!

Now through our second month of the year, and deep into the recession, finding ways to survive is becoming more and more important to owners of all size businesses - but especially to small business owners. 

In keeping with the theme we started last month, to kick off the New Year - helping small businesses get through the current economic situation, this months Newsletter is all about "Taking Care Of Your Existing Customers" and Customer Service in general.

I hope you all are starting to turn the tide with your business - taking advantage of all the tips we are offering you - as well as the thousands of others that you will find if you do a simple Google Search. 

Have a wonderful month.
 

JJ Reich
CEO, Impossible Futures


"Do what you do so well that they will
want to see it again and bring their friends." 
 

Walt Disney


Video Clip of the Month

Customer Service
by Frank Furness

                                                 

Ever heard of Frank Furness?  I only recently found him and his interesting style of engaging with customers.  So I thought I would introduce him with a quick video. 

This month's video is from youtube and is a small portion of one of his entertaining presentations on Customer Service.

It's only about 4 minutes long.  So sit back, turn up the volume, and enjoy. 

Click here to watch the video.


45 Blogs and Still Going Strong
                                                 

When I started Biz Sux-S (my Blog), I have to be honest.  I was scared to death to commit to it.  As much as I enjoy rambling on and on in emails, writingin a more formal format can be a bit stressful.  But now, that I look back over the past month and a half, I can't believe that I've already written over 45 blogs - and I'm just getting started.

I thought for sure, I would toiling half thenight, every night, trying to decide what to write.  But to my surprise, when I stop, take a breath and watch life a bit more closely, I have been amazed at how many stories I can come up with.

I've gotten stories from coaching sessions, emails, simple conversations with new friends and even from dreams.

I hope that you all visit the Blog and subscribe.  I think the stories are worth your time - but don't take it from me, check out some of the comments I've gotten. 

   I really enjoy your blog!!! Thanks for the great insights - I enjoy your authentic style ....  
                                                        Wendy Christiansen

   JJ hits just the right nerve with his blog time and time again.
                                                        Gloria Bell

If you have any questions about my blog (or blogging in general), have asuggestion for a future article, or would like to learn more about subscribing to my (or any other blog), please send me an email at coach.jj@impossiblefutures.com

Here are a couple Blogs that have direct correlation with this months topic:

  - Marketing is Satisfying The Customer - Not Your Own Ego

  - What Marketers Actually Sell
Take Care Of Your
Existing Clients

                                                by JJ Reich

Part two of the series, Four Critical Principles to Your Business Surviving the Recession, this month's primary topic is taking care of the largest portion of your business - your existing / repeat client. 

That's right - your existing clients are the heart of your business.  They are the one thing, if you do everything you say you do, you can count on.  Some quick facts about your repeat clients are:

- Repeat clients tend to spend 33% more than your first time clients. 
- It costs (on the average) about 85%-90% less to get repeat clients to come back in your store than it does to get a new client to walk in for the first time. 

Let's see, they buy more, and they cost less.  Yep - it's a no brainer. 

Then, why do so many small business owners forget to take care of their repeat clients?  Or even worse, why do they take them for granted? 

Most of the time, it's the same reason we take everything that matters most to us for granted - we think it will always be there.  Not so fast.  Nothing is forever unless you take care of it - especially relationships.

So, get to it.  Discuss with your staff the things that you can do to take care of your existing customers:

- Ask and listen
- Set up a rewards program
- Tier your best clients
- Focus more on the benefits that you provide - besides just costing them money
- Don't let them forget about you - ever!
- Be honest with them - especially if it saves them money
- Train your staff to be as concerned as you are
- Be creative
- Become a recognized expert in their minds. 

To read about each of these things in more detail and to read the rest of this article, click here


What is the Most Important Stage of the Sales Cycle?
                                                              by Jonathon Farrington 
Jonathon Farrington
The Exploratory Meeting is a key element in the sales process. Typically the meeting will have been arranged after qualification via the telephone and a decision made by both parties that it would be mutually beneficial to meet. It is the exploratory meeting that will allow the professional salesperson to set the ground rules and get a feel for the client and their needs. As this is normally the first meeting it is also where the potential client will get his first impression of you, therefore the way you look, act and conduct the meeting will have a direct bearing on whether or not you are able to proceed to the next stage. Finally, the objective of the meeting is to gain commitment to the next stage and NOT to try and get the order.

Key Elements to a Successful Exploratory Meeting:

Pre-planning & Preparation:

- You will have confirmed your appointment in writing or e-mail.
- You will have already carried out some initial investigation into the company, the ethics etc and if time has allowed, you will have probably obtained some company literature and a copy of their annual report.
- You will be armed with names of clients your company has already successfully helped within their market.
- You will be dressed smartly.
- You will arrive in plenty of time.
- You will act professionally and friendly to the receptionist,theymay be a relative of the Chairman.

Remember: Never sit down in reception areas, be psychologically prepared.

Rapport/Empathy:

It is important that you do not 'launch' into your sales pitch as soon as you meet, but that you try and put your client (and therefore yourself) at ease by finding some common mutual ground to 'break the ice' with e.g. the weather, their premises, pictures on the wall, sports trophies etc. Good rapport will result in the potential client being less defensive.
Remember: 86% of buying decisions are based first on emotion, i.e. do they trust you?

Read The Rest of the Article