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Casual Articles - Applying Positioning Strategies to Boost Profits
27 Ways to Reduce Your Merchant Account Chargebacks o advertise about that service. If the trend is on
getting rid of cellulite, then everyone is a specialist on how they can
help you get rid of it. (Putting the words ‘everyone’ and ‘specialist’
is ironical don’t you think? If everyone is a specialist, then maybe
they have not specialized enough.)When your merchant account provider reverses a customer's transaction as a result of his disputing the charge, then, unless you successfully challenge the reversal, you lose the sales proceeds, incur any shipping & handling costs and are levied a chargeback fee of $25 to $50.And, an excessive history of chargebacks may result in the disastrous consequence of losing your merchant account and your ability to accept credit cards.So, it's obviously important to tak But since then, I suspect that the salons started to realize the importance of positioning themselves and being focused in a category. Now as you flip the newspaper and see the The Rising Demand For Easy-Care Clothing As human beings we tend to label things, to generalize things, to
simplify, so that we can assimilate the tons and tons of information that
are being dumped our way every single waking hour. We become so good at
it that it becomes a subconscious activity. To demonstrate:Today’s world is a busy world. Every one is busy with something or the other. Lifestyles of people all over the world are becoming more and more active. In this frenzied world, people are looking for things that are as easy to use and maintain as possible. The same applies to clothing. Consumers desire ‘hassle-free’ or ‘easy-care’ clothing that would require minimum maintenance. The demand for such easy-care clothing is growing. Today’s consumer wants clothes that would perf You won’t notice your breathing pattern (until I mentioned it), the weight of your body on your bum that is being supported by the chair (until I mentioned it), even your urge to blink right now. You just blinked didn’t you? Ok, Ok, so what has that got to do with increasing profits? Simple! We tend to shut out things that are ‘common occurrence’, ‘the norm’, and ‘the standard’ in favor of paying attention to things that stand out and are different. Knowing that, you can easily and very consciously set up your business/service/product/offer to be different than what is on the market. And when you do that, you will be guaranteed a huge jump in profits! Just think about it. There are hundreds and hundreds of Internet entrepreneurs who are promoting themselves as gurus. Only a handful are extremely successful. And those are the ones who have differentiated themselves and created a powerful positioning for themselves. For example, they positioned themselves as the product creation expert, the web copywriting expert, the teleseminar expert, the super affiliate, the Adsense specialist, blogging specialist, etc. Each of them have their own story to tell. By creating a strong differentiation and positioning, they stand out and attract attention. YOUR attention. They are no longer “another one of those”. Do they profit more than “another one of those”? Absolutely! Here’s an interesting case study: Many years back, the beauty industry in Singapore was inundated with so many beauty salons that were all promoting very similar things. If the trend is facial whitening, you can expect all of them to advertise about that service. If the trend is on getting rid of cellulite, then everyone is a specialist on how they can help you get rid of it. (Putting the words ‘everyone’ and ‘specialist’ is ironical don’t you think? If everyone is a specialist, then maybe they have not specialized enough.) But since then, I suspect that the salons started to realize the importance of positioning themselves and being focused in a category. Now as you flip the newspaper and see thei Know How to Hold 'Em - Attracting and Keeping Top Performers blinked
didn’t you?One of the biggest challenges companies are facing is the attraction and retention of top performers. The World Future Society predicted that the greatest test of durability for companies in the next five years would be the ability to get and keep good people. In some industries such as the homebuilding industry there is a phenomenon of merry-go-round employees where employees jump ship within the industry and companies are recycling employees. In the finance industry the bi Ok, Ok, so what has that got to do with increasing profits? Simple! We tend to shut out things that are ‘common occurrence’, ‘the norm’, and ‘the standard’ in favor of paying attention to things that stand out and are different. Knowing that, you can easily and very consciously set up your business/service/product/offer to be different than what is on the market. And when you do that, you will be guaranteed a huge jump in profits! Just think about it. There are hundreds and hundreds of Internet entrepreneurs who are promoting themselves as gurus. Only a handful are extremely successful. And those are the ones who have differentiated themselves and created a powerful positioning for themselves. For example, they positioned themselves as the product creation expert, the web copywriting expert, the teleseminar expert, the super affiliate, the Adsense specialist, blogging specialist, etc. Each of them have their own story to tell. By creating a strong differentiation and positioning, they stand out and attract attention. YOUR attention. They are no longer “another one of those”. Do they profit more than “another one of those”? Absolutely! Here’s an interesting case study: Many years back, the beauty industry in Singapore was inundated with so many beauty salons that were all promoting very similar things. If the trend is facial whitening, you can expect all of them to advertise about that service. If the trend is on getting rid of cellulite, then everyone is a specialist on how they can help you get rid of it. (Putting the words ‘everyone’ and ‘specialist’ is ironical don’t you think? If everyone is a specialist, then maybe they have not specialized enough.) But since then, I suspect that the salons started to realize the importance of positioning themselves and being focused in a category. Now as you flip the newspaper and see the What is Plumbing Consulting? about it.In just about every important thing we do in our lives, we look to find authorities that understand the intricacies of what we want to accomplish. If we want to build a building, we turn to an architect. For advice on how to grow a business we seek out marketing experts. It only makes sense that if we have a major project that involves plumbing, we would go for plumbing consulting.Not often understood as the profession within a profession that it is, plumbing consulti There are hundreds and hundreds of Internet entrepreneurs who are promoting themselves as gurus. Only a handful are extremely successful. And those are the ones who have differentiated themselves and created a powerful positioning for themselves. For example, they positioned themselves as the product creation expert, the web copywriting expert, the teleseminar expert, the super affiliate, the Adsense specialist, blogging specialist, etc. Each of them have their own story to tell. By creating a strong differentiation and positioning, they stand out and attract attention. YOUR attention. They are no longer “another one of those”. Do they profit more than “another one of those”? Absolutely! Here’s an interesting case study: Many years back, the beauty industry in Singapore was inundated with so many beauty salons that were all promoting very similar things. If the trend is facial whitening, you can expect all of them to advertise about that service. If the trend is on getting rid of cellulite, then everyone is a specialist on how they can help you get rid of it. (Putting the words ‘everyone’ and ‘specialist’ is ironical don’t you think? If everyone is a specialist, then maybe they have not specialized enough.) But since then, I suspect that the salons started to realize the importance of positioning themselves and being focused in a category. Now as you flip the newspaper and see the Advertising Questions Answered have their own story to tell. By creating a strong
differentiation and positioning, they stand out and attract attention. YOUR
attention. They are no longer “another one of those”. Do they profit more
than “another one of those”? Absolutely!1) If we accept that every business must have a mailing list. To me this is fundamental. The new business with one customer has a mailing list of one plus prospects?That list is a means of communicating with the customer, verbally or in writing. Failure to communicate could mean losing the most valuable asset of the business, so your potential customers are just as important.Cherish your customer(s) and grow your mailing list to consist of customers, lapsed cus Here’s an interesting case study: Many years back, the beauty industry in Singapore was inundated with so many beauty salons that were all promoting very similar things. If the trend is facial whitening, you can expect all of them to advertise about that service. If the trend is on getting rid of cellulite, then everyone is a specialist on how they can help you get rid of it. (Putting the words ‘everyone’ and ‘specialist’ is ironical don’t you think? If everyone is a specialist, then maybe they have not specialized enough.) But since then, I suspect that the salons started to realize the importance of positioning themselves and being focused in a category. Now as you flip the newspaper and see the Nine Ways to Build Your Business Without Making Cold Calls o advertise about that service. If the trend is on
getting rid of cellulite, then everyone is a specialist on how they can
help you get rid of it. (Putting the words ‘everyone’ and ‘specialist’
is ironical don’t you think? If everyone is a specialist, then maybe
they have not specialized enough.)Method 1: Client base Saturation - When looking for new business, your current clients are always your BEST prospects! The focus of this approach is developing all client relationships to their maximum potential - helping them in every way possible and, in the process, laying a stronger foundation for their ongoing referrals.Method 2: Refined Referral Building - Stronger client relationships should naturally lead to more and better referrals - but you need to know wh But since then, I suspect that the salons started to realize the importance of positioning themselves and being focused in a category. Now as you flip the newspaper and see their huge half-page ads, you will realize that most of them are positioning themselves better. You can find: - BottomSlim: Specialize in slimming lower parts of the body (by the way, which parts do you think are the problem areas of most people? Very smart move!) - Jean Yip: Beauty through haircare (even though they have slimming services, they are known as the experts in hair treatments). - Hair Away: Specialist in removal of unwanted hair. - Strip: Brazilian waxing. I was told that their most popular request is ‘the strip’. If you don’t know what that is… you need to get out more! - Marie France Bodyline: Well-known as the premier slimming and beauty specialist. - SlimFit: Natural breast enhancements. - And many others! As you can see, all of them appeal to the different categories within the same industry—Beauty. Of course many of them are still caught up in ‘me too’ strategy. They try to jump on the bandwagon of the new trends and competing on price. And that is not a good place to be. So start positioning your business. Focus on a niche and specialize in it. Think about what’s available in the market place and how you can create a differentiation. Remember, you can apply the same positioning strategy to an individual (yourself). You will be hugely rewarded for it.
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