|
I find it alarming today the n mber of businesses who aren't focusing on b ilding a database and taking advantage of the 'B ck-End'. There are countless examples of the v lue in building a database, including G ogle buying Youtube for $1.6 Billion. It is mperative to maintain and update your cl ent data base to keep them nformed of what is going on w th your business and about any sp cial offerings or promotions they may be nterested in and keep that all mportant 'top-of-mind-awareness'. Having a database of cl ents that you have formed a g od relationship with is one of the m st valuable assets you can have in b siness today. All of the money is g nerally made in the 'Back-End' of a b siness, not the 'Front-End' where most b siness owners focus on. Your database llows you to market to your cl ents for life, offering new products fr m your product range to make th ir life easier and further grow y ur business. It's simply a process of c ntinuing to add value to your cl ents to help them get more and m re of what they want. It's xtremely important to know your metrics, to t ke full advantage of the 'Back-End' b siness strategy... For example one of my m ntors in the States used to m nage a leading car dealership and th y would buy Toyota Camry's for $18,399 and s ll them for $17,999, which was a $400 l ss on the 'Front-End', whilst their cl sest competitor was selling Camry's for $18,999 m king a $600 profit on the 'Fr nt-End'.All of the competitors were complaining to the f ctory that my mentor's dealership must h ve been getting the cars cheaper th n they were and they were l osing all of their customers.
Here's how it was possible, my m ntors dealership knew their metrics and nderstood the business 'Back-End' strategy and th y knew that on average every new car th y sold people would spend on verage an extra $1,400 in extras, so wh t looked like a $400 loss was in r ality a $1,000 profit. See the ther key strategy they employed was to ffer a value package with every v hicle, which would include things like, s curity system, insurance, sports add-ons, etc, wh ch was made up of high m rgin items, so the retail price of the p ckage was say $3,000 and customers c uld get it for $1,400 if th y purchased now, plus if they t ok the value pack option they w uld get their finance for 4% nstead of 6% making it an bsolute no-brainer of a deal. This is j st one example of the power of kn wing your metrics and 'Back-End'. Join the s ccessful minority today, build your database and f cus on your Back-End!! For more nfo on this topic visit BusinessGrowthGuru.com and cl im a free copy of Aaron P rsons best new book: "How To M ke A Million Dollars In Your B siness In The Next 3 Years Or L ss"
The article Do You Have a Huge Back-End? was Submitted by Aaron Parsons through Articles.GetACoder.com network. Here's the additional information: Aaron Parsons founder of http://www.BusinessGrowthGuru.com is an International award winning optimization expert, in demand speaker, author and entrepreneur coach that has coached entrepreneurs to profit growth exceeding 500% in as little as 5 months using his powerful Business Success Formula's. Visit http://www.BusinessGrowthGuru.com NOW to Claim Your FREE Book "How To Make A Million Dollars In Y ur Business In The Next 3 Y ars Or Less"
1. Business Card Printing: Combinations for Great Looking Business Cards by A d fferent style or design can communicate nnovativeness in todays business world. Customizing b siness cards can further say who you are and wh t you can do. Be free to xperiment and see what designs works b st before you go into business c rd printing. 2. Training Depletes Capital Expenditure by Drew Stevens Rising costs for h alth care and employee salaries create h gh costs for all organizations. With the n ed for skilled labor and more mportantly production training is necessary to ssist the bottom line. Yet research sh ws that training is not used ffectively in most organizations and can be a dr in to the bottom line. 3. Developing Referral Relationships by Dirk Zeller The first call is the h rdest one. Until you make first c ntact you really don't know the q ality of the lead. It could t rn out to be a huge b siness opportunity - or nothing at ll. You have to hope for the b st. 4. How to Use Promotional Items in Your Business by Gareth Parkin N wadays almost all companies have started nvesting in promotional items. Promotional items m ke a powerful brand statement. Most c mpanies realising the potential of promotional tems have started purchasing them in b lk, to keep the cost per tem as low as possible. Moreover, th y are becoming interested in a s ngle type of promotional item. 5. Vending Machine Owners Overlook the Powers of Color by Most vending m chine owners overlook the effect the c lor of their vending machine can h ve on their sales. Before purchasing a v nding machine, owners should be aware of how c lor influences their customers, their locations and th ir profits. 6. Personal Marketing: The Sales Letter by Your product or service may be the b st of its kind, but it w ll not sell without the proper m rketing and promotion strategies. Whether you are s lling statement t-shirts, luxury cars, or d scount tickets for a vacation to E rope, you will need to get w rd out on your product and s rvice so that you can stand out in the gl bal market. You may wish to h nd out pamphlets if you are on a str ct budget, or you may splurge on a t levision commercial to reach out to as w de an aud... 7. Guide 4 Shopping UK - Your one stop cashback world - Earn cashback from your top stores. by Guide 4 Shopping is an interactive cashback system for everyone to join and earn unlimited cashback from UK leading online stores. View latest voucher codes, discount codes, compare stores and comment on your favourite store. 8. Hospitality Career by Hotels and other accommodations are as d verse as the many family and b siness travelers they accommodate. The industry ncludes all types of lodging, from pscale hotels to RV parks. 9. Overcome Your URL Aftermath - Drive More Internet Profits To Your Site! by Most article marketer's know the value of article marketing, but few really know why or how to get the most out of their article submissions. The reason is because of the many false ideas in the marketplace regarding article marketing. So let me set the record straight on at least one of the biggest false assumptions. Many article marketers fall prey into believing that one article published in many sites, ezines, and newsletters will benefit them by bringing in lots of tr... 10. What Is The Best Method To Accepting Credit Cards For Your Business? by Tips on how you can decide between setting up your own merchant account to accept credit cards, or go through a third party.
|