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You are here: Home > Business > Marketing > 8 Ways to Boost Service Business Revenues Part 2 of 2 |
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Add You - 8 Ways to Boost Service Business Revenues Part 2 of 2
How to Handle Business Disputes not always by the front-office person (or service provider) in the business. Think about the potential impact of client contact with your accounting/administrative staff, service technicians, maintenance staff, and support personnel.Suggestions for Handling Disputes Any conflicts involving customers, employees or suppliers, or a partner, is very disruptive. Disputes and conflicts cannot be allowed to escalate because of the damage they can cause. There are ways of dealing with disputes, to arrive at an agreement or resolution where all parties concerned are satisfied.Here are a few suggestions for handling a dispute: Focus on your long-term interest. Try to f Identify the "moments of truth" in your business and focus on improving these brief encounters. Also consider possible breakdowns in the delivery of your service and train staff on how to handle these critical inciden Let’s Talk Recruitment If you want to boost your service business revenues consider these ways to improve customer loyalty and generate more sales - without investing in expensive advertising campaigns.Recruitment consists of knowing exactly what you are looking for, determining how to know when you’ve found it and making employment offers that get accepted. The first step is determining exactly what level of competency you are looking for:THE IMPLICATIONS OF COMPETENCIESPeople have and get COMPETENCIES (Combinations of knowledge, skills and attitudes)We apply these in the form of BEHAVIOR (Actions, thoughts feelings)Our behavi 6. Evaluate your customer portfolio to identify high-value segments. It may not sound nice to say, but not all clients are equal. So it is important to assess which clients are profitable for you. Identify the characteristics that make your good clients valuable to you. Review your sales records, data on previous clients and other sources to determine the profile of your ideal client. This enables you to define a segment that you can consequently target with your marketing efforts. Consider: The type of service your clients are buying from you. The nature of their 'need' that you have addressed. Their type of business - by industry or by size (e.g. sales, employees, facilities). The degree of their knowledge of your services. The nature of your clients buying process (e.g. do you have more success with entrepreneurial style clients, or with more structured buying-decision processes.) The idea is to focus on your "A" category prospects. Don't get side-tracked by chasing lower value prospects, but we won't forget about them either. Remember, todays "C" category prospect may evolve into tomorrows "A" category client. By focusing on your "A" category prospects you will also generate additional interest from other prospects. Now you can efficiently target your ideal high-value prospects by selecting relevant media and promotional opportunities, developing an appropriate benefit message, and by implementing suitable sales practices tailored for this type of prospect. 7. Involve your 'back-office' personnel. In a service business there can be a lot of client contact, and not always by the front-office person (or service provider) in the business. Think about the potential impact of client contact with your accounting/administrative staff, service technicians, maintenance staff, and support personnel. Identify the "moments of truth" in your business and focus on improving these brief encounters. Also consider possible breakdowns in the delivery of your service and train staff on how to handle these critical incident The History of CRM -- Moving Beyond the Customer Database you. Review your sales records, data on previous clients and other sources to determine the profile of your ideal client. This enables you to define a segment that you can consequently target with your marketing efforts. Consider:Customer Relationship Management (CRM) is one of those magnificent concepts that swept the business world in the 1990’s with the promise of forever changing the way businesses small and large interacted with their customer bases. In the short term, however, it proved to be an unwieldy process that was better in theory than in practice for a variety of reasons. First among these was that it was simply so difficult and expensive to track and keep the high volume of r The type of service your clients are buying from you. The nature of their 'need' that you have addressed. Their type of business - by industry or by size (e.g. sales, employees, facilities). The degree of their knowledge of your services. The nature of your clients buying process (e.g. do you have more success with entrepreneurial style clients, or with more structured buying-decision processes.) The idea is to focus on your "A" category prospects. Don't get side-tracked by chasing lower value prospects, but we won't forget about them either. Remember, todays "C" category prospect may evolve into tomorrows "A" category client. By focusing on your "A" category prospects you will also generate additional interest from other prospects. Now you can efficiently target your ideal high-value prospects by selecting relevant media and promotional opportunities, developing an appropriate benefit message, and by implementing suitable sales practices tailored for this type of prospect. 7. Involve your 'back-office' personnel. In a service business there can be a lot of client contact, and not always by the front-office person (or service provider) in the business. Think about the potential impact of client contact with your accounting/administrative staff, service technicians, maintenance staff, and support personnel. Identify the "moments of truth" in your business and focus on improving these brief encounters. Also consider possible breakdowns in the delivery of your service and train staff on how to handle these critical inciden 6 Simple Rules For Staying Out Of Trouble On The Cash Flow Front of their knowledge of your services.Here is my list on staying out of trouble on the cash flow front1. Don't spend money you don't have. Till a deal closes and the cheque clears in the bank - it is not money in the bank. So keep an eye out on that number and limit your spending urges to what you have, not what is in the pipeline.2. An uncollected invoice does not count as cash. Customer payments sometimes take 3 - 4 times the time you originally planned for collect The nature of your clients buying process (e.g. do you have more success with entrepreneurial style clients, or with more structured buying-decision processes.) The idea is to focus on your "A" category prospects. Don't get side-tracked by chasing lower value prospects, but we won't forget about them either. Remember, todays "C" category prospect may evolve into tomorrows "A" category client. By focusing on your "A" category prospects you will also generate additional interest from other prospects. Now you can efficiently target your ideal high-value prospects by selecting relevant media and promotional opportunities, developing an appropriate benefit message, and by implementing suitable sales practices tailored for this type of prospect. 7. Involve your 'back-office' personnel. In a service business there can be a lot of client contact, and not always by the front-office person (or service provider) in the business. Think about the potential impact of client contact with your accounting/administrative staff, service technicians, maintenance staff, and support personnel. Identify the "moments of truth" in your business and focus on improving these brief encounters. Also consider possible breakdowns in the delivery of your service and train staff on how to handle these critical inciden India Is On Move n your "A" category prospects you will also generate additional interest from other prospects.India fast emerging as manufacturing hubIndia's technological prowess coupled with a favorable industrial climate is making the country a hub for not just software, but also the manufacturing sector, the Commerce and Industry Minister Kamal Nath reported at the World Economic Forum held at Davos. According to Kamal Nath, the hub of world economic activity is shifting from the Atlantic to the Indian Ocean. India's technological skills together with its attractiveness as Now you can efficiently target your ideal high-value prospects by selecting relevant media and promotional opportunities, developing an appropriate benefit message, and by implementing suitable sales practices tailored for this type of prospect. 7. Involve your 'back-office' personnel. In a service business there can be a lot of client contact, and not always by the front-office person (or service provider) in the business. Think about the potential impact of client contact with your accounting/administrative staff, service technicians, maintenance staff, and support personnel. Identify the "moments of truth" in your business and focus on improving these brief encounters. Also consider possible breakdowns in the delivery of your service and train staff on how to handle these critical inciden Denver Airport Shuttle Options not always by the front-office person (or service provider) in the business. Think about the potential impact of client contact with your accounting/administrative staff, service technicians, maintenance staff, and support personnel.If airline travel to Denver is in your near future, you might be considering using a Denver airport shuttle service to get you to and from the airport to your home, hotel, or other location. Denver airport shuttle services are a great option for many travelers. As you are making your Denver travel plans, check with the airports at your departure and destination points to see what airport shuttle options they have available. Take a moment to go over the following ideas and tips Identify the "moments of truth" in your business and focus on improving these brief encounters. Also consider possible breakdowns in the delivery of your service and train staff on how to handle these critical incidents. So try to think of all back-office staff as part-time marketers. Use their customer contact to enhance the image of your firm by improving their skills, involving them in training, and obtaining regular feedback from them on issues affecting clients. 8. Use the Internet to be available when you are not. The Internet never sleeps, gets caught up on phone calls, has sick days, or is out to lunch. When designed correctly, a web site for a service business can substantially enhance the provision of great customer service. It is also an excellent tool for generating qualified leads. Your web site is the modern "silent salesman". Use your web site to add "tangibility" to your service business, explain your processes, and to reassure your prospective clients of your ability to satisfy their needs. Don't get confused by the array of technological options - keep it simple for your clients. A web site will add a 24-hour-a-day element to your business, and can incorporate online systems to automate business processes such as bookings and appointments, payments and the provision of information. Importantly, by structuring the contact process correctly on your web site, you can help prospects to qualify themselves, and in doing so minimise the time you spend dealing with low value enquiries. Lastly, always respond promptly to any enquiries generated via your web site. Prospects and customers will judge the quality and reliability of your services by the manner in which you respond to their initial request.
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