What Declining Sales Really Mean

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Many businesses are currently experiencing a decline in sales. Some owners and executives believe this is due to outside economic conditions. Although the economy may have some bearing, perhaps the real reasons for the decline are more fundamental issues that no one in the company wants to face. The economy has only masked the issues and helped sweep them under the rug.

Many in this predicament think, “If only we could increase sales, everything else would take care of itself.” Oftentimes, the declining sales pattern is not the real problem; it’s just a symptom of other underlying issues. Perhaps the issues are in management, staffing, or a lack of effective marketing and sales.

If your company is experiencing a sales slump, it may be time to do a little soul searching to find the real issues. If you decide to take this head on, here’s a four-step plan to help you lick the problems.

Step 1 — Assess your current situation. What strengths do you see? What weaknesses? Are there opportunities you might be missing? And what are your threats? The more honest you can be at this step, the better the foundation for the rest of the process.

Step 2 — Now that you have an outline of the problems, it’s time to make a diagnosis. What are the causes behind the problems and issues you’re facing? Look beyond the surface issues, and try to get to the root causes.

Step 3 — Now that you have the assessment and a diagnosis of the situation, it’s time to make a plan that addresses your diagnosis by taking advantage of the strengths you identified and establishing ways to correct the weaknesses.

Step 4 — This is where the rubber meets the road. All that analysis will lead to no good unless you follow up with action. It’s time to follow through and act on the plan by implementing the changes outlined in the previous step.

By following through on these four simple but powerful steps, you can not only turn around sagging sales but also position your company for long-term growth.

Forget Me Not!

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Just because a customer buys from you a few times doesn’t mean they’ll immediately think of or even remember your business again the next time they need the kinds of products you sell. Here are a few ways to increase front-of-mind awareness for your company in the minds of consumers:

  • Educate your audience about the ways your products are better than the competition. Consider creating a comparison chart to make the differences stand out in people’s minds.
  • Send thank yous for past purchases, and offer future discounts or coupons that are too good to ignore. For example, one might read: “Use this coupon anytime during December to receive 50% off any single item!”
  • Encourage customers to reorder supplies before they run out. A reorder form placed near the bottom of each package you ship is one way to accomplish this. Periodic email reminders and promos based on past order history are another.
  • Provide knowledgeable tips, tricks, and other industry-related information in a newsletter or periodic mailer that will leave recipients asking for more.
  • Invite customers to open-house celebrations, hands-on training classes, or exclusive customer appreciation events.
  • Create a customer loyalty program that rewards visitors for repeat purchases.
  • Offer promotions or giveaway contests that spark interest in the products and services you sell.

Let us know if we can help you create direct mail pieces that will help ensure your business isn’t forgotten!

Promote Your Company’s “EST” Factor

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In today’s competitive marketplace, it’s important that you determine your company’s “est” — the differentiating factor that gives you a competitive edge. Whether your business strives to be the biggest, fastest, strongest, lowest, or oldest at something, the “est” factor will help you push to be the best and become the go-to business for that area of expertise.

Here are a few ways to find your “est”:

  • Ask your customers. The customer voice is a great way to pinpoint areas where your business truly shines. Encourage customer feedback through comment cards, surveys, testimonials, or simply by asking customers their opinions when you meet with them.
  • Identify and enhance your strengths to add greater value to your business. For example, if your business is known for the fastest delivery services in town, you may consider opening a second location, adding additional delivery drivers, or upgrading your computer system to ensure you continue providing the fastest services possible.
  • Accept your weaknesses, and don’t become discouraged by areas where your business falls a little short. For example, if your prices aren’t the lowest, you might say, “We may not have the lowest prices in town, but we offer the longest warranty in the industry to provide greater value for your dollar.”

If you’d like help spreading the word about your “est” factor, we’d love to help. Our professional team can help create some of the greatEST marketing materials with the fastEST service you’ve ever seen!

Is Direct Mail Really Dead?

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You may have heard the hype that direct mail has died and gone to junk mail heaven. Don’t believe it. That talk comes from people who have never learned how to use direct mail correctly and effectively or who have a vested interest in spreading false and misleading information.

Why use direct mail? Because it works.

  • It works in getting clients.
  • It works to get your foot in the door.
  • It works for lead generation.
  • It works for growing traffic at brick-and-mortar (and even online) businesses.
  • It works at differentiating your company from those who rely strictly on online communication.

Direct mail marketing is extremely reliable and extremely precise. It can be inexpensive and personalized. In fact, direct mail arrives more personally than any other medium and can deliver a message with 100% exposure.

In addition to all of this, direct mail…

  • Requires virtually no tech skills
  • Can be leveraged using shared advertising space
  • Is what nearly all recipients prefer for unsolicited advertisement
  • Can bring in business without someone actively searching for it
  • Can be scaled infinitely
  • Has worked for over a century without fail
  • Has always been the king of all advertising
  • Can take almost any business to any level of success desired
  • Can be felt and not just seen
  • Has an infinite shelf life

To be clear, “junk mail” is NOT what we are referring to as effective direct mail. Some companies with large marketing budgets can afford this type of “spray and pray” mailing.

Effective direct mail marketing takes some thought, planning, and strategy. It needs to be memorable, and it needs to stand out. Businesses of all size that are utilizing this powerful tool are still reaping the rewards.

No, direct mail isn’t dead. It’s alive and kicking. If you haven’t tried it in a while, try it again. You won’t be disappointed by the results.