Using Special Offers to Increase Sales
by Marty Foley
What is one of the greatest obstacles standing between you and
a successful sale? The tendency of prospects to delay action,
even on the part of targeted prospects that fully intend to
buy from you.
One reason for delay is that there is often no incentive given
to act now. Prospects feel that such an offer will always be
available for them to take advantage of, whenever it's
convenient for them to finally get around to taking action.
Us humans, being the expert procrastinators that we generally
are, tend to put off action "until tomorrow" so long that it
eventually fades from memory. Thus, all too often, "tomorrow"
never arrives. Good intentions mean nothing if the intended
action is never taken.
For the marketer, such delayed action usually means no sale,
and for prospects, it means they never gain the benefits
offered by your product or service.
Therefore, one crucial goal in marketing is to overcome the
tendency of prospects to procrastinate. To do this, we should
give strong reasons to act immediately. Not next week, not
tomorrow, not later on today, but right NOW! This is where
special offers enter the picture.
Types of Special Offers
Special offers come in many forms, limited only by your
imagination:
- A discounted price.
- Free bonus item(s).
- More of the same product or service at no extra cost.
- Or any combination of the above elements.
Special offers should always be limited in some way, such as in
the quantity available, and/or by a deadline.
Remember when creating special offers that your prospects must
realize there is a cost involved in delayed action; that acting
immediately is crucial to gaining all the benefits involved in
your special offer, before they miss out.
It goes without saying that you should always live up to your
word when making special offers. If the deadline for a special
offer ends at a certain time, stick by it. That's not only fair
to those that act before the deadline, but coming out with the
same special offer next week can damage your credibility.
(That's not to say you can't reuse effective special offers in
the future; you can and should reuse effective ones.)
If you really want to spice up your sales, create special
offers that motivate immediate prospect action. Then watch what
they can do for your bottom line!
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