Question
I have an idea for selling advertising (print) to business owners.
Problem: No idea who buys ads and who doesn't, profit skyrockets when the sale is $8,000 and above but is negligible with sales of $1,000 and below. I have no intentions of trying to setup some app or online site to coordinate sales as this leads to copycats very quickly.
Opportunity: With co-op mailing, I can get businesses to advertise for less yet reach the same number of people. There is no "expertise" needed whatsoever as anyone with capital can buy advertising and resell it.
Answer
Business run on teams and teams run of individual skills, so to discover the “optimum” you need to find out which of the following strategies your time can work out:
1. Know Your Product
Familiarize yourself with products and services you sell by reading their accompanying marketing brochures and sales letters, testing the product or service and by asking your manager questions about a given product.
2. Understand Your Target Customer
Consumers have different wants and needs that make them gravitate toward specific products, services and companies. If you have knowledge of your target customers, you can readily identify their needs and help them find solutions.
3. Get Referrals from Existing Customers
Include generating referrals into your sales process to maximize your profits.
4. Price Competitively
While you do not have to make your prices lower than or on par with your competitors, you should know their regular and sales prices for products and services. Value-added benefits might include an extended warranty or lifetime guarantee, your level of expertise or the quality of your products.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
