Selective Marketing

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Selective Marketing With Jan Triplett, Ph.D. COO, Business Success Center © 2010

description

Figure out who your ideal customer is and improve sales.

Transcript of Selective Marketing

Page 1: Selective Marketing

Selective Marketing

With Jan Triplett, Ph.D. COO, Business Success Center

© 2010

Page 2: Selective Marketing

4 P’s to Save $$ & Make Sales

Profiling Positioning Pricing Process

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Who’s your customer now?

Platinum Gold Silver

Bronze Lead Concrete

Platinum & Gold create stability

Silver has potential

Bronze is uncertain

Lead is a drag and time waster

Concrete is a business killer – never satisfied

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Customers you want… a match

Visionaries See problem as you

do See value of your

solution Adventurous

Confident in you Trust you

Decisive Hassle-free or less

hassle

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Compatibility is Key

You want customers who add value Actively refer Provide Quality

Control Engaged & offer

ideas Long term Likeable

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Platinum Customer Profile™

When used correctly, it results in:

1.Better sales process — shorter sales cycle

2. Improvements to collateral

3.Accurate positioning

4.Value pricing

5.Saves marketing $$

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Platinum Customer Profile™

Identifies your best customer in terms of:

1.Demographics – facts

2. Psychographics – emotions

3.Behaviors – buying patterns, actions

4.Geographical concerns

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Use positioning to give them

What they want Total solution Value (cheap) Innovation (never seen

before)

And, what you want… Top of mind Buzz Branding Competitive advantage

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Don’t give up or settle

Profiling is a process

Positioning is a strategy

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Price Right

Value-BasedVs.

Cost-based

Know your true total cost

Raising your price is OK

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Use a 7-step Sales Process

Pre-Qualification Initial Contact Marketing Merchandising Close Reinforcement Retention

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Action Items

1. Create Platinum & Lead/Concrete Profiles™2. Select “Blue Ocean” positioning3. Review/revise pricing4. Develop a sales process & train staff5. Create marketing plan & budget6. Revise collateral

Ask for help. Call me 933.1983 or email [email protected]

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Here’s to your

success!Jan Triplett

[email protected]

Business Success CenterSales & Financial Business Management

Services

January 28, 20010