A business owner is able to boost average dollar sale by asking his customers to buy more. This can be done by offering certain incentives.
Ask People to Buy Some More:
This technique is probably the most simple to use. When your customer makes a purchase, ask them if they would like to buy a couple of spares to have on hand. This works well with disposable items like shoe laces, light globes etc.
You’ll get the best results with this technique if the items you’re selling are about to increase in price.
Here are some useful hints and tips on how you can get your customers to buy more:
- Spell out the convenience of having a ‘few extra on hand’.
- Make it sound as though the product could run out of stock at any time.
- ‘It’s only available at this price for the rest of the week’, is also going to get the customer thinking.
‘4 for the price of 3’ offers:
This is a great way to encourage people to buy more than they really need. Once again the best results come from semi-disposable items. Almost any business can use this type of promotion.
Try getting your suppliers to assist with the cost of the promotion by giving you some free stock.
Here are some useful hints and tips on how to make these offers:
- Make sure the margins are there to make it profitable.
- If possible, pass the cost on to your suppliers.
- The more disposable the product, the better it usually works.
- Make it time sensitive.
‘Buy One Get One Free’ offer:
This is basically the same as the ‘4 for the price of 3’ offer. These promotions can be used to great effect where there’s a reasonable mark-up on most goods, or when you want to clear old stock.
It outsells ‘2 for the price of 1′, half-price and ’50 percent off’ by more than double.
Here are some useful hints and tips on how to use this winning offer:
- Make sure there are plenty of margins.
- Use it as a puller – once people are interested in this great special, show them what else you’ve got.
- Make it time sensitive.
- Use mostly for clearance items to get the money back out of your stock.
About ActionCOACH
Brad Sugars founded the brand Action International in 1993 when he realized there was a disconnect between business advice and implementation. The answer was Action! Brad Sugars created a business coaching company so that business owners throughout the world can realize their goals in business. Today the company is known as ActionCOACH. To learn more about business, visit Brad Sugars Review blog!
Reason #1: Different styles and methods of business coaching don't work for everyone
It's important to be honest with yourself and conduct a realistic assessment when it comes to business coaching. Though business coaching can have many benefits, it might not work for everyone.
Every individual brings their own experiences and values to the coaching dynamic, so results will vary. Additionally, some individuals might need more than just a coach. They might also need specialised knowledge or communication strategies specific to their industry or target audience. Below are a few key factors to consider:
Reason #2: There is no clear focus or vision (talk about time dedication here too)
cIt's important to be honest with yourself and conduct a realistic assessment when it comes to business coaching. Though business coaching can have many benefits, it might not work for everyone.
Business coaching is an effective tool for developing a clearer focus and vision for growing your business. A good coach will help you to take a comprehensive look at your strengths, weaknesses, and available resources that can be used to reach those goals. They will also help you draw up action plans with step-by-step instructions to get there.
By providing honest feedback and being patient throughout the process, a business coach can make sure that you’re on the right track. This will enable you to set realistic milestones and tasks.
These tasks may need dedicated time outside of coaching sessions. For example, a coach might help a client develop a marketing strategy or implement new systems for managing employees. However, if the client does not have enough time to devote to these tasks outside of coaching sessions, progress will likely stall.
Both the coach and the client must have enough time available to reflect on past experiences, brainstorm new solutions, and test out different strategies. If either party is rushed or distracted during coaching sessions due to other commitments or obligations, they may struggle to fully engage in this process.
Effective business coaching also requires a commitment to regular meetings and ongoing communication. If either the coach or the client does not have enough time to dedicate to these meetings, progress may be slow or nonexistent.
It's important to recognise that business coaching is an ongoing process that takes time to yield results. While some clients may see improvements after just a few sessions with their coach. Others may need months or even years of consistent effort before they begin seeing real changes in their businesses.