There is a popular myth in business that if you invest in advertising you will get more enquiries, which will then lead to more sales, and ultimately more money in the bank. From a marketing and advertising view point, that makes total sense. Because chances are if you get more enquiries you’ll make more sales. But here is the fundamental trap, and most of the time you can’t even see it, and to make things worse, most marketing experts can’t see it either. You see, while you spend precious
time and money trying to get more sales enquiries, the real issue goes unseen and doesn’t get any time or investment from you. The reason why most businesses don’t attract enough sales is not because they don’t have a good marketing strategy. It is simply because not enough time and energy is invested in making sure every client becomes a raving fan.
Think about an Apple store every time a new iPhone is released – that’s what I mean by creating raving fans. Just imagine if your product or service was so good that your ideal client just had to have it and felt the need to tell other ideal clients about it. I’m sure you already know that the best way to market your business is good old fashioned word of mouth. The trouble is, if your product or service is merely ‘good enough’, you will be lucky to get any word of mouth referrals.
For example, Zappos, a billion dollar business, was once a small business too. In 2002, with sales around $1.6 million, it had cash flow issues and was struggling to survive. Incredibly, it decided to stop spending on advertising and to focus on building a culture of extreme service to customers. By 2009, company sales were over the billion dollar mark when the business was sold to Amazon for around one billion dollars. It was Zappo’s focus on creating raving fans instead of investing in marketing and advertising that led to billion dollar success in only eight years.
My recommendation? Stop spending money on marketing tactics and advertising until you have started making your business so good at serving its clients that all your clients are becoming raving fans. There are five steps in the process of creating a raving fan base for your business.
1. Understand the psychology of the market
Understanding the psychology of your market is all about gaining clarity on your clients’ buying strategy. Find out how much they know about:
What you offer
The nature of their problem
What they understand about potential solutions
The benefits of solving their problem now
Willingness to seek the solution
How much they will invest to solve their problem.
2. Make Your Business Attractive
Make your business attractive by developing clarity and certainty about what you stand for, which will automatically attract people who aspire to the same values. This means creating services, products and processes that:
Draw people in irresistibly like a mouse to cheese
Provide a great experience
Make them want to talk about you.
3. Clearly Communicate Your Message
Clearly communicate your messages in a way that elevates you from being transactional around your products of services to building relationships with Raving Fans by focusing on what’s important to them, with the following steps:
Define the ideal client profile you want to attract
Intimately engage that market
Educate the market on what really matters
Propose the start of a potential lifelong relationship
Remove the risk of failure.
4. Deliver the Ultimate Experience
Crystallise the physical, psychological and emotional needs of the market into an ultimate experience that creates Raving Fans by developing:
A team of people who care
Processes that serve
Service that wows.
5. Build the Raving Fan Community
Building a Raving Fan community is all about uniting your Raving fans and mobilising them as a powerful force to accelerate your growth exponentially with:
Energetic celebration
Significant connection
Viral communication.
Troy Eadie is co-director of Business Success Systems, specialising in leveraging businesses by attracting more ideal clients and building the systems to create raving fans. For more information, visit www.BusinessSuccessSystems.com.au or email troy@bssteam.com.au.