Why to your retail store foot traffic is dropping and how to bring customers in

Getting foot traffic to retail stores is harder than ever. These are unique ways to attract customers to your shop.

Chocolate cookies can increase retail store foot traffic.
Chocolate cookies can increase retail stores foot traffic.

You know your sales go up the more your retail store foot traffic increases, but store visits are at an all-time low? Is everyone shopping for everything online now? Yes, they are.  71% of shoppers believe they’ll find better deals online.

The good news is that shoppers do still want an in-person experience as part of their buying process. And 94% of retail sales are still credited to brick-and-mortar stores. The bad news is that most retail shop owners are failing to create the experiences that attract customers to their location. With over 5,000 stores closed this year, can local retailers compete with e-commerce giant Amazon?
Want more creative ways to attract customers to your retail store? Download this free guide.

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Everything is different now. So here’s a list of unique ideas for retailers to boost foot traffic and increase sales in their brick-and-mortar stores.

Create curb appeal that increase retail store foot traffic

Humans are visual beings and it’s no secret that attractive and well-kept spaces invite people in, literally and figuratively. Use flowers and landscaping to create a store front so beautiful, people stop what they’re doing to come inside and check it out.

A compelling window display, like showing how a product is made can do wonders to grab the attention of people walking or driving by. The human brain is trained to detect movement, so an active demo can draw consumers into your retail store.

Bricks and mortar stores can offer amenities that online stores cannot

We’ve all had the experience of our phone charge being on single digits with no charging options in site. A unique, inexpensive and extremely valuable service you can provide customers is a charging stations. Promote this outside with a fun sign and you’ll draw people in easily. Plus, they’ll stay until their phones get a decent charge and the longer customers spend in your store, the more likely they are to purchase.

Offer ways your customers can recharge their personal “batteries” with a hydration station. Everyone needs water and if you add more options, like, tea, coffee and snacks, people will naturally want to step inside your shop. Attract more retail store foot traffic with chocolate chip cookies, granola and hot cocoa.

Have you ever been to a luxury car dealer and visited the customer lounge? Acura offers Starbuck coffee, water, sodas, fresh cookies, chocolate, chips, fruit and more. Lexus kicks it up a notch with a customer lounge experience that feels more like the VIP Admiral’s club than a car dealership. They have lots of seating with charging stations and a coffee and pastry bar that rivals any patisserie. Customers order the beverage and baked goodies of their choice and receive them at no charge. Sometimes there’s even a charming gift shop available for perusing while you wait.

The secret to increasing foot traffic to your retail store is to provide an amazing experience that makes customers want to come in and stay. It is all about creating incredibly positive customer experiences. And retail stores can do that so much better than e-commerce stores. Are you up for it?

Get the secret recipe for bringing more foot traffic into your retail store. FREE Guide!
Get the secret recipe for bringing more foot traffic into your retail store. FREE Guide!

The 4 selling tips small business owners must use to avoid failure

Which steps must you take or face business failure? This post includes the four selling tips small business owners need to follow so they can rock their success. Skip these at the risk of your own peril.

Starting and running a business is challenging! Business owners wear so many hats and have so much to do every day. While it’s essential for entrepreneurs to do many things well, I’ll give you the bullet points for the sales essentials you need to use to ensure success.

(Interested in more sales tips for small business owners? Download this free ebook, “From Cold to Sold” and get 17 sales secrets.)

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The selling tips small business owners are smartest to use are efficient and useful.

Have a selling plan

The importance of having a plan cannot be understated. And the good news is, it doesn’t have to be complicated. Without a plan, all the other selling tips for small business owners are wasted. Author Katherin Peterson famously said, “a dream wihout a plan is just a wish”.

SMB owners can keep the sales plan simple, for a start. Have one place where all leads and customer information is kept. This can be a CRM or an Excel spreadsheet. Create sales goals, even if you’re guestimating. 

Also, have an idea of how many opportunities you’ll need to close to reach this goal. Start with a specific target number of phone calls or in-person appointments. As you close sales, track how many prospects you contact for each sale. It’s also helpful for seeing how much follow up is required to close the sale. This is highly valuable data you can use to continue refining your selling plan. 

Know your unique selling propostion

Most likely, you’re famliar with this term. But unique selling proposition (USP) is still too YOU-centric. Like it or not, humans are ME-centric, which means the best way to make your product appeal to your prospect is to make the USP about THEM. This comes down to what does your product or service do for your client? A “value proposition” is the customer-centric version of the USP. 

Don’t even pick up the phone until you have a clear understanding of what your service or product does FOR your customer. What pain does is alleviate? Which problem does it solve? How does it remove fear? Understanding the value your offering delivers to prospects is essential to grabbing and keeping attention. No one has any interest in hearing descriptions of a product when they see nothing in it for them.

Sales techniques that focus on the prospect

Listen to customer’s needs

Asking questions and listening is powerful for building rapport and for discovering your customer’s needs. More about how much about the prospect your selling process must be. And guess what? People love talking about themselves, so getting your customers talking is easier than you might think.

Listening to customer needs also serves to further qualify what’s important to them and how they want to communicate. Which provides invaluable insight for tailoring your offer specifically to what your potential client wants. Thus increasing your likelihood of closing this sale.

Ask for the sale

Sound ridiculous? You’d be surprised how often this doesn’t happen. A common challenge facing small business owners is fear of rejection. Actually, this is a common problem for even the most seasoned salespeople.  Toss that fear of rejection out the door. If you’ve done a good job of qualifying your prospect, then you know if they have a problem you can solve. Simply ask if they want you to help solve it for them.

These are the top 4 selling tips small business owners need to use to ensure success. The list of others sales and customer retention techniques and  is endless, but these are the most important ones, in my opinion.

From Cold to Sold! 17 Selling tips small business owners can use to explode their sales
From Cold to Sold! 17 Selling tips small business owners can use to explode their sales

13 powerful strategies to increase customer retention

Customer retention strategies deliver highest ROI
Customer retention strategies deliver highest ROI

Question: What is the source of highest profit sales? Most likely, it’s your current and past customers. Next question: What is your customer retention process?

You’ve already attracted these customers to your brand, built the know, like and trust factor and earned a purchase from them. You successfully converted a lead to a paying customer. And it cost you money to do that. Maybe a lot of money. How much less expensive is it to keep good customers than acquire new ones?

Download the free Lifetime Total Customer Value calculator so you can get the maximum ROI from each customers this month.

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A good customer retention plan has amazing ROI.

In an article posted on Entreprenuer.com, Eric Sui said,  “According to Bain & Company, it costs 7X more to attract new customers than it does to keep them. Additionally, if you retain just 5% of your customers annually, you can generate up to 125 percent more profits. Retention strategies truly pay off in the long run and help you build a sound business over time.”

I’ve outlined 13 keys you must have for your customer retention funnel to be effective so you can score more sales.

1. Make retention a top priority.

Prioritize the highest ROI activity your company does, which is most likely customer retention.

2. Measure life time value of customers.

Determine the life time value (LTV) of your average customers. The additional purchases, upgrades, replacements and referrals they send to you add up to a much bigger dollar amount than just the first purchase they make. Download this free LTV calculator here.

3. Provide amazing customer service

Have you noticed that even the cable companies want to “delight customers”? They finally get the importance of keeping current customers happy because it’s way less expensive to keep customers than to acquire new ones.

4. After the sale nurturing

Create a system for following up after the sale at regular intervals. Depending on your business, that may be a week after the sale or a month. Pay attention to how your customers are engaging with your brand, it’s product and services. Respond quickly to customers. Always. A good customer retention funnel has as process that everyone who touches the customers uses to continue nurturing the relationship after the sale. Continue delivering high value content and service and you’ll score more sales.

5. Budget for customer retention marketing

Since the ROI on keeping customers is so much higher than on acquiring new ones, it makes sense to assign some budget to marketing efforts aimed at retention.

6. CRM

Without a good CRM, your customers may be on the business end of an ill-timed phone call from an inside sales rep pitching an upsell, when that customer is currently threatening to leave if a dire problem isn’t solved. Not a good customer retention play.

Since the beginning of CRM time, having a 360 degree view of the customer so that companies could avoid this type of mistake has been the goal. You can’t manage an effective customer retention funnel without a good CRM.

7. Communicate frequently

Your customers want to feel valuable after they’ve spent money with you. Communicate with them frequently to show you care. Birthday greetings, holiday messages, news and updates are great ways to show them you care. Remember to only email customers who have opted into your email list.

8. Engage on social media

Social media is the equal opportunity soap box everyone can use to rave or complain about their experiences with a company. Monitor social media and quickly respond to any complaint. Also, quickly thank customers who sing your praises. You can also use social media to ask your customers about what’s important to them and nurture relationships.

9. Convert complaints into opportunities

Everyone remembers the companies that handle their complaints with such concern for making the situation gone wrong into an experience that feels right. It’s interesting that what’s memorable is how great it felt to the customer that the brand went above and beyond to solve the problem, and not what went wrong in the first place. Be a hero to your customers when they complain and watch that same customer become your advocate.

10. Create a customer loyalty program

Rewarding customers for their patronage is a great way to develop their loyalty. Provide added value, special promos or offers that your customers want. The rewards need to be easy to earn and redeem. Keep things simple. Score more sales by rewarding your current customers and nurturing them to send referrals.

11. Host an event

Show your customer appreciation by hosting an event. An open house, after hours event or guest lectures can provide powerful incentives for your customers to spend more time with your company. Having fun and feeling valued has a way of bonding people tighter together. Events work whether they are virtual, like a podcast or live, like an open office social gathering.

12. Corporate social responsibility

Many customers choose to buy from brands that give back over brands that don’t. If your company already has a corporate social responsibility (CSR) program, share progress and successes with your customers. If not, get one. Select a cause that is consistent with your brand and aligns with your customers’ values and interests.

13. Upsell and resell

Since you’re paying attention to how your customers are using the products or services they purchased from your company, you’ll know what’s important to them. When the time is right, offer and upgrade or replacement product that has high value and will help your customer achieve their goals.

Email marketing with calls to action and free demos or trials, just like regular marketing campaigns. Incent the customer to try new add ons, upgrades and eventually replacement purchases, in some industries.

Lifetime Value of Customer Calculator
Lifetime Value of Customer Calculator

 

Entrepreneur Success Starts with Step 1 – Respect

Part 1 of 5 in the RAISE Sales System blog post series for entrepreneur success.

Are you an entrepreneur who struggles with sales? If so, you’re not alone. Entrepreneur success requires strong sales skills and this struggle is a common problem that many business owners have. Entrepreneurs wear a lot of different hats and for most, selling isn’t their strongest skillset.

Respect the prospect - entrepreneur success
Entrepreneur success requires RESEPCT, step 1 in the RAISE sales system

One of the secrets to entrepreneur success is knowing how to ask for and close the sale. In this 5 part blog series, I’m going to share my signature sales system, RAISE.  I created this 5-step strategy RAISE from my 25+ years of experience across multiple industries and teach it in workshops and when doing sales coaching with clients. This is the sales process entrepreneurs and sales professionals use for dramatically increasing sales.

Download free ebook “17 Sales Hacks to Close More Sales”

RAISE is the word that is spelled out by the first letter of each of the steps in the system. This post is about the first step and each post in this series will reveal subsequent steps in the RAISE system.

The R in RAISE is for respect and I love starting with respect because this is where a relationship building begins. This is where developing the know, like and trust factors starts, so you can advance to asking for the sale.

Entrepreneur success secret #1 is Respect

You can’t close the sale if you’re no longer in the conversation. Respecting the prospect will keep you in the conversation longer than asking for the sale before they are ready to buy.

First of all, respecting where the customer actually is, and not where you wish they were in the buying process is vital to entrepreneurs success. It’s super essential to be aware of where your prospect is where their heads at what they care about where they are in the sales or buying process.

Two Ears and One Mouth for a Reason

One example is at a networking event or a party. You have connected with somebody and they did most of talking, while you do a lot of listening. At the end of the conversation, they say, “You’re a great conversationalist!” And you think to yourself, “I said so very little and you did all the talking!” There’s a reason people say we have two ears and only one mouth for a reason:-)

Why is it that the person who did the listening is a great conversationalist? Because human beings love to feel heard. When we show consideration for people and actively listen to them, they FEEL respected and valued. Plus, we find out what is important to them and that knowledge fuels our own entrepreneur success. All of this goodness also allows us to build the know, like and trust factors.

Success Story Using Respect to Sell

Now I’ll share with you an example of how amazing the Respect step is for entrepreneurs to succeed. In the late 80s, I sold construction equipment in Florida, working for the only companies in the country that had female sales. I was calling on construction sites throughout Southwest Florida and I wasn’t always welcomed. One general contractor was using the old-style, less cost effective and more dangerous scaffolding on a project that was a prime candidate for using a boomlift. He wasn’t interested in hearing about a new technology solution from a woman who he perceived didn’t know anything about construction.

How I Cracked the Tough Prospect

If I was going to have any shot at selling this customer a boomlift, I knew I needed to get creative. I realized I needed to respect where he was, no where I wanted him to be.

Since I knew he felt competent as a general contractor, I asked him about the project. He was happy to talk about it. After listening, I offered to deliver the boomlift the next day at no charge to him. If at the end of the day, he found the equipment effective, he could keep it and pay only for the rental for the rest of the time he used it. If not, I’d pick it up and charge him nothing. No risk for him.

When I called this customer at the end of the day, he told me I could leave the boomlift.  I had the sale without ever asking for it. What is important to know, is that I respected where this customer this prospect was and stayed in the conversation. When building a relationship with a prospect, starting with respecting where they are and what they value is the best first step. R is for Respect and entrepreneur success depends upon it.

Download your free eBook “From Cold to Sold” and get the 17 secrets for converting more leads to customers.

Are You Losing Money Because of Your Sales Blindspot?

Your sales blindspot could be costing you money. A lot of money. You could be missing out on sales and not even realize it. But you can’t fix a problem you can’t see.

Are you losing money because of your sales blindspot?
Are you losing money because of your sales blindspot?

Wouldn’t it be great if you buy a little sales blindspot mirror like you can for your car? That way you could see where you’re missing opportunities to make more money and fix them. But sales blindspot quick-fixes aren’t a thing…or are they?

Do you know what your sales blindspot is?

You may detest networking. Or maybe it’s following up with leads that isn’t your favorite thing to do. It could be you don’t know how to ask for the sale. As America’s #1 Master Confidence Strategist, Jan Goss-Gibson told me, “You can’t read the label from inside the bottle.” In other words, everyone has a blindspot, so don’t feel badly.

The Solution – Identify the area of sales where you struggle the most

Get a qualified sales expert to show you what you can’t see because you’re inside the bottle trying to read the label. Click here to schedule a free 15 minutes session with me to discover your sales blindspot. The link takes you right to my TimeTrade scheduling app.

Once you see what you’re not seeing, you can makes some shifts in your selling and reclaim that lost revenue.

Every business owner wants more sales.  What if you could discover a simple tip you could use that would get you more sales right away? Schedule a free session with me and I’ll show you how to increase revenue right away. You may want to take advantage of this offer now, since the free session slots are filling up quickly.

Discovering and removing you sales blindspot leads to a major increase in income. What part of the sales process do you struggle with the most? Leave your answer to this question in the comments. I look forward to seeing your answers.

400% Increase in Referrals – The Success Story Video

Referrals are awesome! You know you’ve done a good job nurturing business relationships when your referral rate goes up by 400%!  That’s what one business coaching client saw as a result of the marketing and social media efforts. Watch the video below to see how we did it!

Hint: We didn’t have a marketing budget or dedicated marketing person. I worked with my client to create a plan that HE could implement and feel GOOD about. At first, he was worried he would dread contacting colleagues in his industry to network. He thought, “Ugh, I hate calling people to ASK them for something.”  We needed a plan my for building up referrals that my client could enjoy. Sound familiar? I knew the secret to his success would be making this process easy…and maybe even fun.

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Getting Referrals Can Be FUN – Really!

I’m serious. Connecting with other people in your field can and should be fun. Referrals are so crucial to the success of most entrepreneurs and yet, I find many business owners avoid networking like the plague.

Social media can be a great way to expand your network. It can also be a tremendous way to waste precious time, so learning how to use social platforms efficiently is the key to success. In my recent post, “The 1 Thing to Do on Social Media Today”,  I outline how to focus your content on the highest value you can deliver to your prospect.

LinkedIn offers very powerful tools for finding new potential referral partners and prospects. The advanced sear tool is incredible  – but using it can be overwhelming. To unlock how to use LinkedIn’s search tool to find more referral partners and leads, click here.

Do you have some techniques that work really well to grow referral networks? Share them below in your comments.