If you’ve ever wanted a way of getting in with those handful of companies that could basically pay your wages for the year then this little secret could change your life.
Let’s say you’re a commercial carpet cleaner and you want to get in with all the largest hotels in your area because you know they’ll probably be worth $10,000, $20,000 or even $50,000 over a year.
How do you do it?
Well, there’s a few ways really. You could just send a sales letter or two. But the key to your success lies with your level of persistence.
After all, you need to remember your potential customer is busy. Very busy. What’s more, they probably already have a carpet cleaner and are hesitant to change.
The key to your success will lie in ‘branding’ your name into their minds through frequent and consistent contact.
Here’s what I’d do:
1. Write down the name of your top 100 ideal clients.
2. Write 12 articles you can send to them (testimonials, case studies, facts about what makes you different, etc) to keep in touch.
3. Schedule these articles to be sent once every month
Now there’s a good chance the first few times your contact receives your information it will go straight to the wastebasket. But after 5, 6, 7, 8 times they will start to notice.
And if…
- Something goes wrong with their current supplier
- They suddenly have a need for your services
Who do you think is going to be their first point of contact. The person they have never heard of in the yellow pages or local newspaper, or the person (you) who has been keeping in touch with them for months?
It goes without saying, doesn’t it?
Now obviously, this strategy isn’t necessarily going to deliver overnight results. But it’s more than likely to pay for itself over time if you have a big enough dollar value.
Let’s crunch a few numbers.
Let’s say your average profit off one of these ‘top 100’ clients is $8,000. If you mail 12 letters over a year it will probably cost you about a dollar a letter.
So it’s costing around $12 per potential client.
According to my calculator $8,000 divided by 12 is 666.66. That means if just one client out of 666 comes off you’re ahead.
But what would happen if you converted…
1% of those 666: 6 sales = $48,000 = $40,000 profit
2% of those 666: 12 sales = $96,000 = $88,000 profit
½ % of those 666: 3 sales = $24,000 = $16,000 profit
Obviously, change my figures and replace them with yours. I hope you’re starting to see how profitable this little process can be if you have high value clients.
Obviously it wouldn’t work if you’re a take away shop selling to consumers. But it would work very well for:
- Any consultant wanting to get a big client.
- Any printing firm wanting to get a big client on board
- Any training company wanting big clients
- Any builder seeking big projects
The key word here is ‘big’ – this is the strategy for getting the ‘big boys’ on board. Don’t make it your whole strategy as it could take a while to come off.
But certainly incorporate it into your marketing mix.