Are You Experiencing A Business Slowdown?
Monday, June 23rd, 2008Lately, I have been hearing from many coaches and consultants who are experiencing a slowdown in their businesses. They are reporting to me that it became much harder to get one-on-one clients and that even product sales have slowed down.
There are many reasons for this to be happening. It could be that many potential clients are taking summer vacations instead of working. It could be that customers are concerned about gas prices and the economy and are trying to save money by not getting professional help. Or it could be the regular business cycle – there are many different reasons for a business slowdown.
I recommend that you do not concentrate on finding out why there is a slowdown. Rather, you should concentrate on how you can bring more clients to your business. Here is what I recommend:
– Review Or Create A Marketing Plan For Your Business. Summer is the best time to review your marketing plan. Are you accomplishing what you have set out to accomplish? Are you filling your marketing funnel? Are you marketing every day? Are some of your marketing strategies bringing more customers to your business than others?
A marketing plan review will help you streamline your business and bring in more clients.
If you do not have a marketing plan now is the best time to create one. Your marketing plan will help you organize your marketing actions and spend less time on marketing while getting better results. Your marketing plan is your map to getting clients and creating a successful business.
When business is slow the businesses who survive are the ones who can do more and better marketing in less time.
– Do More Of What’s Working. As you review your marketing, you will see that certain marketing actions bring in more potential customers than others. There is no reason to do things that only bring in a few customers. You want to find actions that bring in the bulk of clients and repeat these actions over and over again. So when you find something that is working for you and your business, do more of the same.
For example, if networking with your target market online brings in great results, increase your networking time or find additional places to network. When you keep doing what’s working, you get more clients, it’s that simple.
– Bring In More Prospects. In slow business times it helps to bring in more prospects to your business. It could be that in the past you were able to convert 1 out of 20 prospects into a customer. But now it could be that you are able to convert only 1 out of 30 prospects into a customers.
If you need to get 10 clients for your business, in the past you only needed to bring in 200 business prospects. In order to get the same 10 clients now you will need to bring in 300 prospects. You will be able to do that by using marketing strategies that will help you attract more prospects to your business.
The best way I found to bring more prospects to my business is by getting more targeted traffic to my web site. I will be discussing how to bring more of your perfect clients and prospects to your web site during this Thursday’s teleseminar, How To Get More Clients To Your Web Site. You can register for it at https://www.marketingsalad.com/clients.html
Biana Babinsky