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  • Added for You - Maximizing Profits Before and After Selling

    E-Commerce Fulfillment
    E-commerce or electronic commerce can be defined as the buying and selling of goods and services on the Internet, especially the World Wide Web. For proper implementation of e-commerce it is of immense importance to have an e-commerce site where one can get involve with the buying and selling of goods and services. To be successful, E-commerce site should contain a shopping cart system and a payment processing system.Timely delivery is one aspect that requires careful attention. In fact, timely delivery is one of the three main dimensions of competitiveness, the other
    r) asking him how he is getting along with the slimming tablets and the slimming tea. Here, you could also ask him if he has any inquiries on your products and services.

    In your e-mail, you could also mention about your other products or services. This process is known as the back-end product. However, the product or service that you offer must be related to the initial purchase. In this example, the products could be a beauty cream that you offer at $50 and a softening hair shampoo at $30.

    In the buying and selling process, an existing customer is more comfortable to buy a product from you than from any new sellers. So you should not

    Which Of These Words Attract Your Clients
    Whether it's your business card, tagline, article title, web site title and description or ad, just the difference of a few words can either pull in prospects and clients or push them away. Getting it right can determine whether your phone is ringing off the hook or you are twiddling your thumbs hoping someone will call.Just by changing a word or two or combining a couple of phrases, you can increase your response rate dramatically. Book publishers know that a book's title can make the difference between it becoming a best seller or a loser. Wouldn't you like your ser
    You are now running an online business; your website is receiving orders and delivering the orders as promised. And you’re making a decent profit from the transactions. But should everything stop here? The answer is of course no, because you should do more to maximise your profits.

    Extra profits before your visitor leaves your website

    You have gained a person’s trust when he starts to buy things from you. This is also the perfect opportunity to sell more quality products or service to him.

    Picture the typical scenario when you order the food at McDonalds:

    “Two burgers, two apple pies, one ice cream, one Chicken McNuggets and two Coca Cola.”

    “Is that all, sir?” the salesperson asks.

    “Yes,” you reply

    “Do you want fries with it?”

    “Sure.”

    This technique of asking if we wanted fries with our order is called an up-sell.

    This up-sell technique is practised to perfection by McDonalds. Before a payment is made, McDonalds suggest something more. As you can see, the suggestion does not require any additional promotion, money or much effort. They just need to ask. (Incidentally, McDonalds make hundreds of millions by asking this simple question!)

    You can apply this up-sell concept to your online business. A customer is interested in buying slimming tablets from your website which specializes in weight loss. The product costs RM100. Before the customer fills in his/her credit card details, there is a note:

    This slimming tablet is best taken with our special Slimming Tea. A box of Slimming Tea is only $20. Would you like to try it?

    “Hmm, why not, it’s only $20.”

    So here you have managed to sell an extra item to your customer. Remember that you did this without any additional costs. All you did was add a note and you sold an extra item of a different product!

    Profits after visitors leave your website

    In the example above, the customer has left your website after making a purchase of $120. An extra $20 gained from the initial deal. That is good. But do you think you should stop here? Of course not!

    As mentioned earlier, when a customer buys a product or service from you, he has already built a trust in you. When he discover that the slimming tablets and the slimming tea both brought the desired results, he is very likely to use more of your other products and services in the future. However, you should encourage him to do so by making the next step.

    A few days after the purchase, you may want to send the customer an e-mail (which can be done automatically by auto-responder) asking him how he is getting along with the slimming tablets and the slimming tea. Here, you could also ask him if he has any inquiries on your products and services.

    In your e-mail, you could also mention about your other products or services. This process is known as the back-end product. However, the product or service that you offer must be related to the initial purchase. In this example, the products could be a beauty cream that you offer at $50 and a softening hair shampoo at $30.

    In the buying and selling process, an existing customer is more comfortable to buy a product from you than from any new sellers. So you should not

    A New Era in 3D Advertising
    This world’s innovative technology can enable observers to see lifelike images that float deep inside and project several feet in front of a display screen.Dimensional Studios, a leader in 3D visual display solutions has recently introduced its unparalleled digital signage in the UK. This world’s innovative technology can enable observers to see 3D holographic-like images that float deep inside and project several feet in front of an LCD or plasma display screen. Its aim is for advertising agencies and consumer products who wish to catch a huge impact from this new br
    gets and two Coca Cola.”

    “Is that all, sir?” the salesperson asks.

    “Yes,” you reply

    “Do you want fries with it?”

    “Sure.”

    This technique of asking if we wanted fries with our order is called an up-sell.

    This up-sell technique is practised to perfection by McDonalds. Before a payment is made, McDonalds suggest something more. As you can see, the suggestion does not require any additional promotion, money or much effort. They just need to ask. (Incidentally, McDonalds make hundreds of millions by asking this simple question!)

    You can apply this up-sell concept to your online business. A customer is interested in buying slimming tablets from your website which specializes in weight loss. The product costs RM100. Before the customer fills in his/her credit card details, there is a note:

    This slimming tablet is best taken with our special Slimming Tea. A box of Slimming Tea is only $20. Would you like to try it?

    “Hmm, why not, it’s only $20.”

    So here you have managed to sell an extra item to your customer. Remember that you did this without any additional costs. All you did was add a note and you sold an extra item of a different product!

    Profits after visitors leave your website

    In the example above, the customer has left your website after making a purchase of $120. An extra $20 gained from the initial deal. That is good. But do you think you should stop here? Of course not!

    As mentioned earlier, when a customer buys a product or service from you, he has already built a trust in you. When he discover that the slimming tablets and the slimming tea both brought the desired results, he is very likely to use more of your other products and services in the future. However, you should encourage him to do so by making the next step.

    A few days after the purchase, you may want to send the customer an e-mail (which can be done automatically by auto-responder) asking him how he is getting along with the slimming tablets and the slimming tea. Here, you could also ask him if he has any inquiries on your products and services.

    In your e-mail, you could also mention about your other products or services. This process is known as the back-end product. However, the product or service that you offer must be related to the initial purchase. In this example, the products could be a beauty cream that you offer at $50 and a softening hair shampoo at $30.

    In the buying and selling process, an existing customer is more comfortable to buy a product from you than from any new sellers. So you should not

    eBay - Are You Wasting Your Most Valuable Asset?
    Many eBay sellers totally disregard one of their most valuable assets. This is their customers details. When you have made a sale and dispatched the goods what do you do then? If your answer is that you move on to your next listing then you really are missing a golden opportunity to double or even treble your profits.Elsewhere both on and offline businesses will pay incredible sums just to capture the details of potential customers. Yet here you are literally throwing them away. For instance if your customer buys a book about aeroplanes from you there is a fair chance
    in buying slimming tablets from your website which specializes in weight loss. The product costs RM100. Before the customer fills in his/her credit card details, there is a note:

    This slimming tablet is best taken with our special Slimming Tea. A box of Slimming Tea is only $20. Would you like to try it?

    “Hmm, why not, it’s only $20.”

    So here you have managed to sell an extra item to your customer. Remember that you did this without any additional costs. All you did was add a note and you sold an extra item of a different product!

    Profits after visitors leave your website

    In the example above, the customer has left your website after making a purchase of $120. An extra $20 gained from the initial deal. That is good. But do you think you should stop here? Of course not!

    As mentioned earlier, when a customer buys a product or service from you, he has already built a trust in you. When he discover that the slimming tablets and the slimming tea both brought the desired results, he is very likely to use more of your other products and services in the future. However, you should encourage him to do so by making the next step.

    A few days after the purchase, you may want to send the customer an e-mail (which can be done automatically by auto-responder) asking him how he is getting along with the slimming tablets and the slimming tea. Here, you could also ask him if he has any inquiries on your products and services.

    In your e-mail, you could also mention about your other products or services. This process is known as the back-end product. However, the product or service that you offer must be related to the initial purchase. In this example, the products could be a beauty cream that you offer at $50 and a softening hair shampoo at $30.

    In the buying and selling process, an existing customer is more comfortable to buy a product from you than from any new sellers. So you should not

    Your Exit Strategy - The Biggest Mistake You've Already Made
    If you’re a business owner, the biggest mistake you’ll make in preparing your exit strategy is not starting early enough. The best exit strategies are formulated when you start the business.It’s the same with any investment. The most successful investors go in with an exit strategy. That way they know when to come out and what profit they expect to make on the overall deal.Many business owners begin their businesses with plans to grow and projections out into the future. However, most of those who begin their business don’t put in place an exit point for th
    eft your website after making a purchase of $120. An extra $20 gained from the initial deal. That is good. But do you think you should stop here? Of course not!

    As mentioned earlier, when a customer buys a product or service from you, he has already built a trust in you. When he discover that the slimming tablets and the slimming tea both brought the desired results, he is very likely to use more of your other products and services in the future. However, you should encourage him to do so by making the next step.

    A few days after the purchase, you may want to send the customer an e-mail (which can be done automatically by auto-responder) asking him how he is getting along with the slimming tablets and the slimming tea. Here, you could also ask him if he has any inquiries on your products and services.

    In your e-mail, you could also mention about your other products or services. This process is known as the back-end product. However, the product or service that you offer must be related to the initial purchase. In this example, the products could be a beauty cream that you offer at $50 and a softening hair shampoo at $30.

    In the buying and selling process, an existing customer is more comfortable to buy a product from you than from any new sellers. So you should not

    Leadership - Integrity
    What values and principles drive your business? More importantly, does the leader of your business consistently demonstrate these values?This month, I will address an important leadership characteristic that is all too often overlooked in our society today – integrity. Although many leaders use this term to characterize themselves, I find very few that are able to even tell me what it means to have integrity.It’s not necessarily their fault, the definition found in the dictionary “the quality or condition of being whole or undivided” isn’t exactly crystal clea
    r) asking him how he is getting along with the slimming tablets and the slimming tea. Here, you could also ask him if he has any inquiries on your products and services.

    In your e-mail, you could also mention about your other products or services. This process is known as the back-end product. However, the product or service that you offer must be related to the initial purchase. In this example, the products could be a beauty cream that you offer at $50 and a softening hair shampoo at $30.

    In the buying and selling process, an existing customer is more comfortable to buy a product from you than from any new sellers. So you should not waste this opportunity. Eventually your customer will purchase both additional products at $80.

    So here you have increased your sales by 100%! Even though you promoted a product at $100 on your website, you have actually made sales at $200. That is excellent marketing!

    What you need to do now is to think of a back-end product or service that you can sell to your existing customers because you could make extra profits with minimum effort, cost and promotion. Other than making more profit, the cost of selling a product to an existing customer is also much lower than selling to a new customer. To sell a product to a new customer is more costly than to sell one to an existing customer.

    But what if you have only one product and don’t have a back-end product or service to sell? Don’t worry; you can get a back-end product by being an affiliate partner to another Internet business that is related to your product.

    For example, one of my businesses is selling a service at US$150. However, by using this up-sell technique, I can make sales of US$500 just by offering some back-end products to my existing customers.

    But remember that whatever products or service you sell, offer the ones with the best quality. Once a customer finds out that your product is not to his expectation, it could ruin your business reputation!

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