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Give Your
Customers Enough Information
Of course you do - right? Check again! More often than not,
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!
Contact us for more info

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