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Business People Weekly


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(c)TFB Publishing Vol. I   Issue 23    July 5, 1999


In This Issue:


1) Tips:        


2) Classifieds:


3) Feature Article:

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    ***************************************

"The best advice you'll get is from someone who made the
    same mistake himself"

    ***************************************

Hello and welcome to the July 5th Issue of Business People
Weekly.

I hope that everyone had a safe and fun July 4th. Have the
traditional cookout, hamburgers, hot dogs, apple pie? It was
hot as blazes here. 101 in the shade with very high humidity
making the heat index very high indeed. Still, it was an
enjoyable day.

    ***************************************

"The man who stops advertising to save money is like
    the man who stopped the clock to save time"

    ***************************************

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    ***************************************

Hey folks, I've still been plagued with computer problems, but
not such that can't be overcome. Just have had to spend a lot
of time deleting programs, re-installing programs and recovering
from crashes. You know, computers are really finicky beasts,
your have to dot your i's and cross your t's exactly or you
have problems. Some of the little conflicts can be exasperating
to find, be so little, yet, cause huge problems.

    ***************************************

"To err is human. But to really louse it up, it takes
    a computer"

    ***************************************

Here we are again and we're late getting this issue out. I
thought we had all the difficulties eliminated. I was wrong.
So, once again I apologize and thank you for bearing with me.
I will (and emphasis - will) get back on schedule.

I again remind you the need for backing up your files every
day if possible and absolute necessity of having an anti virus
program that is kept up to date. Believe me, there is nothing
more devastating than losing files. I know, been there, done
that.

There also seems to be a never ending stream of viruses that
are constantly being spread with news ones being added all
the time. It's better to have the protection than the
devastation.

I have, in past articles, stressed the importance of building
trust with your clients and in turn growing your business. In
our feature article today, Dr. Sheldon Nix discusses specific
ways of building trust through guarantees. You might be able to
pick up a couple of ideas.

Another thing that is very important to growing your business
is inquiry response. When someone inquires about a product
being sold, it should be followed up on as soon as possible so
the potential customer receives the information while it is fresh
in his mind. The opportunity to make a sale is much greater
while the interest is keen in the customer's mind. The follow up
is an excellent way to start building good customer relations.

I have made some inquiries or sent for information at a web site
and received their follow up responses. Some of them utilized an
auto responder that would give 7 follow up responses. (The
statistics show it takes 7 times for a customer to decide to
purchase.) I received such a response (or I should say 7
responses) from a fairly reputable netrepreneur and I felt the
last couple of messages turned somewhat offensive, which of
course, turned me completely away from purchasing anything from
him.

So, if you decide to use one of the 7 response 'responders I
would suggest careful attention be made to the message you would
like to give your client. After all, not everyone who decides
not to purchase your product is doomed to failure. Also, be sure
to give your potential client the choice and a way to opt out of
the remaining six messages. Consider that the first response was
requested, the remaining six were not. Some folks could regard
the additional messages as spam and treat them as such if no opt
out method is given.

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********************************************************

"Doing business without advertising is like winking at a girl in
the dark. You know what you are doing, but she doesn't."

********************************************************

--There's often no way you can look into the game of life and
determine whether or not you'll get that big break tomorrow or
whether it will take another week, month, year or even longer.
But it will come! -- Zig Ziglar

********************************************************


        Feature Article

How to Use Power GUARANTEES -- Even If You Offer Services (c)
1999 Sheldon D. Nix, Ph.D. http://www.successfulpractice.com  
******************************************

In order to make sales or get hired on or off the Internet,
people have to have TRUST. Guarantees -- even for professionals
offering services -- are a power technique for pulling wavering
prospects over the line to the sale/engagement.

-----------------------------------------
What They Don't Believe When You Approach Them
-----------------------------------------
You need to understand that your prospects don't believe -- or
have serious doubts about -- one or more of the following:

1. YOU
They don't necessarily know you or trust that you are a
person (or company) of integrity. This is not about what you
OFFER but about WHO YOU ARE.

2. YOUR PRODUCTS OR SERVICES
They often doubt that your product or service will give them the
benefits you promise. They don't necessarily believe that if I
read this book or hire you as my lawyer/CPA/etc. that I'll get
my money's worth. More on this in a moment.

3. THEMSELVES If your product or service requires ANY work on
their part, they often doubt that they will have the MOTIVATION
and/or the ABILITY to do what is required for as long as it is
required.

(One of the things we teach professionals is how to offer clients
a step-by-step SYSTEM that makes achieving goals just a matter of
following directions. We offer them our own professional
practice-building system that isn't dependent on the PERSONALITY
of the professional but on strategies anyone can easily do. You
should do the same with what you offer, although that's another
article!).

-----------------------------------------
What to Guarantee
-----------------------------------------
Your goal is to REVERSE THE RISK of people buying your product
or hiring you for your service. Think about it this way. If you
offer a money-back guarantee, who is taking the risk that what
you are selling people will not satisfy them? YOU are!! If you
don't offer a guarantee, THEY are having to buy something sight
unseen and if they aren't satisfied, too, too bad.

1. GUARANTEE SATISFACTION.
At the very least, you can guarantee that people will be
satisfied. What is "satisfaction"? It's in the eye of the
beholder, just like beauty! Don't worry about it. Don't try to
put any limits on it if it's a product. If they aren't
satisfied, even if you think they copied it, return their
money and pray for their souls. They're in trouble.

2. GUARANTEE RESULTS
If you're confident that what you offer will produce results MOST
of the time for people, then you can greatly strengthen your
guarantee to include results.

-- "If you don't lose 30 pounds in the next 60 days, I'll return
your money to you right away, no questions asked."

-- "If you don't save at least $12,000 from my tax avoidance
system, I'll return every penny you gave me."

Don't worry about the people who don't do anything to earn it. I
know some people require proof that customers actually tried the
system, but they are on shaky legal ground, at least in the U.S..

-----------------------------------------
What About Services?
-----------------------------------------
If you offer services that require your time, should you offer
a guarantee? It's one thing to take back a product -- you can
sell it again. But your time...you can't "resell" that. Here's
a few ideas:

1. YOU CAN STAND OUT FROM THE CROWD
by guaranteeing your services.

2. CREATE A PORTFOLIO
of Products and Services At the least, do what I teach
professionals in our 6-Figure Practice System and create a
"portfolio" of products and services that help clients as well as
your direct services. There is a very specific method of doing
this so that it has integrity and REALLY helps people.
Then, guarantee the products.

3. TRIAL PERIOD or PHASED PAYMENT
Another smart thing you can do for a service is to offer clients
a period of time in which they can try your services and back out
if they want. Or STAGE YOUR WORK (phases) and let clients pay
for each stage. In seminars, offer people the opportunity to
attend one day of a three-day seminar and if they don't like it
they can leave and get their entire fee back.

-----------------------------------------
What to Offer the Customer Back
-----------------------------------------

-- 100% of their money back

-- 100% of their money back MINUS shipping costs

POWER GUARANTEES:

-- 100% of their money back PLUS additional money "just for
trying my product". I've seen anything from an extra $10.00 to a
TRIPLE your money back offered.

-- 100% of your money back if you return the main product(s).
KEEP THE BONUS products just for your trouble. Of course, you
only want to do that if your bonus products don't cost you very
much (they may be worth a lot, but shouldn't expense your
business very much).

So...'GUARANTEE" your success -- with power guarantees.

******************************************
Dr. Sheldon Nix is Director of The Successful Practice Institute
at Eastern College. http://www.successfulpractice.com

GET OUR FREE 80-PAGE BOOK, "7 Sizzling Strategies for Building a
6-Figure Professional Practice or Business", when you subscribe
to our 6-Figure Tips Newsletter. Send blank email to
jointips@successfulpractice.com.  
mailto:jointips@successfulpractice.com
******************************************

"Honesty is one business policy that will never have to
    be changed to keep up with the times"

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