Thursday, April 30, 2009 

Thank Your Way to More Business

When I ask business owners where they find most of their new clients, most answer "by word of mouth." But ironically, very few have any strategy for increasing their word of mouth business. It's 1981 Fleer baseball cards bit like automobile donation magic ring that we forget to rub.

There seems to be no limit to how many ways you can market your business. The key, however, is not to search out the "ultimate technique", but to start to implement the most simple techniques immediately and then expand to more sophisticated ones. Some of the simplest techniques are also the best. So what is this method that will generate so much word of mouth business? What is the strategy I consider so important? What is this technique that is so simple, so easy and so inexpensive that anyone can use it from the very first day they go into business? What is this approach that is so powerful, once you see the results you'll want to keep doing it until the day you retire?

The number one way to generate referrals is this:

Handwritten thank you notes or cards.

Stick with me here. Why do people refer business in the first place? One is the law of contribution: It makes them feel good to make a contribution. Secondly, the law of reciprocity: If people feel they owe you something, they are more likely to give you something in return. One of the things they will give is referrals. And thirdly, the law of affinity: If people feel you like them, they will often go out of their way to help you. People get so little appreciation these days that when someone appreciates them, they're likely to talk about it.

You provide a service. The client talks about it. The level of enthusiasm, conviction and delight the client has about you increase the chances that the person hearing about your business will check out your service. Handwritten thank you cards and notes work to generate more word of mouth business because:

* It's unexpected and it makes people feel good.

* It really shows you care and are thinking about them.

* It shows that you are organized and on top of details

* Increases your trust and affinity with people

* Demonstrates that you went out of your way to do something for them

* Gives them something tangible and physical that reminds them of you

* Can be done virtually every day, no matter what your budget or marketing expertise is

* Makes you feel good and bond to your clients.

So when do you send handwritten thank you notes and cards? Frequently, regularly and systematically. This isn't something you do once in a while. This can become your core, central marketing activity. When should you send thank you's and what should you say?

* When you've set an appointment, your note can set the tone of your meeting by letting them know you're looking forward to getting together with them.

* When you get new business, your card will make them feel confident they've engaged you.

* When you complete a project, a handwritten note 1969 Topps baseball cards closure and increases the chances they'll hire you again.

* When you get a referral, don't just send a note when you get the business from the referral. Send a note right after you've spoken or met with the referral, even if you didn't get the project. When you get the project, send another note.

* When someone helps you, gives you a resource, an idea, a compliment, an encouragement, they get a note as well.

* When you meet a new contact, whether through a networking event, a business associate, or any other business situation, write a note on the back of their card so you don't forget them, and send them a thank you note the following day.

Wow, that's a lot of notes you say. Yes, but you want to make it such a habit that you do it almost instinctively. You do it as a way of doing business. After all, it's not such a big deal, you can do a complete note, including address and stamp in about 3 minutes flat!

Consultant Andrea Nierenberg has built a non stop word of mouth business, almost entirely through hand-written thank-you notes and cards, including emailed notes. She makes it a practice to send three a day, and guess what? Nobody forgets Andrea! Not only does Andrea get a lot of business, she KEEPS a lot of business. Can you imagine another vendor getting the business? It doesn't happen because Andrea has the client in "golden handcuffs". They LOVE her!

So how do you implement this strategy? Here's your thank you note action plan:

1. Get some thank you notes. rel="nofollow" href="cardstore.com">www.cardstore.com enables you to customize your cards. Your local office supply store also will have these at a reasonable price.

2. Buy several dozen nice postcards as well. Later on you can get personalized cards designed, but don't wait for that.

3. Bring these with you, especially when you travel. Bring stamps as well.

4. Write the note immediately or as soon as you can, while you travel, while you wait for an appointment, while you ride the train, etc.

5. Make each note personal and sincere. It doesn't need to be long. Two to four lines is fine.

That's it. That's how it works. Three notes a day will cost you about $1.23 a day, or about $25 a month. That you can afford. The time, maybe half an hour a day. Perhaps less. That you can fit in.

Now it's time to take action.

Monikah Ogando is Lead Coach at Ogando Associates, a business coaching firm dedicated to helping start up companies and entrepreneurs design a business to create an extraordinary life. For more information, go to href="on2url.com/app/adtrack.asp?MerchantID=75229&AdID=346974">ogandoassociates.com

 

Mortgage Insurance Protection Plans Review

Mortgage protections plans are a type of insurance coverage that allow you to keep up with your mortgage payments even when you have lost your job and main source of income. In the case of Marvel Team-Up unforeseen loss of income, meeting your mortgage payments will your Sea Devils priority, after meeting your daily expenses. There are also mortgage protection plans that will pay off your mortgage if you should become disabled or pass away.

The Wisdom of Mortgage Protection Plans

Any savings that you have will quickly dwindle as you make payments for gas, food, and utility bills. State-sponsored unemployment insurance will only cover a small part of your expenses, leaving you financially vulnerable. In such a dire situation, a mortgage insurance plan can act as a cover that helps you meet your monthly mortgage payments, and avoid defaulting.

Unexpected Needs for Mortgage Insurance Protection Plans

Mortgage insurance is not available only for those who want to protect their payments from the effects of any downturn in their job situation. There are several other circumstances that can affect your income adversely.

For instance, being involved in an accident could have you hospitalized, and you can quickly find that any paid leave soon dries up. Similarly, a sudden illness like a heart attack that leaves you bedridden and unable to work for several days or weeks, could also take a toll on your earning capacity. A mortgage protection plan can help you meet these extraordinary situations with confidence.

Reviewing the Best Mortgage Insurance Plans for You

There are several mortgage protection plans available out there. So, how do you go about choosing one that's right for? First up, read the fine print. An insurance plan that only pays out accident disability mortgage insurance benefits may only cover you in the case of income loss due to disability in an accident. You may not be able to claim any benefits if you have been left incapacitated, say for instance, because of a severe illness.

Many plans only offer protection against death of the primary mortgage payer, or against his or her disability due to an accident. If you would like mortgage protection plans that also allow for protection against an illness, look for a clause that confirms this in the fine print.

Also, know that many mortgage insurance plans are set out to offer dwindling benefits as you proceed towards completion of your mortgage payment. Say, for instance, that you take an insurance plan for a $75,000 mortgage, and call in to claim benefits about five years later, when the mortgage amount has reduced to $15,000. You will receive a payout of $15,000. 1961 Topps baseball cards look for a plan that allows full benefits of mortgage insurance, no matter how far down the payment schedule you are.

Many mortgage plans also tend to be non-transferable. You might want to look for a mortgage insurance plan that can be transferred from one mortgage to another. Many mortgage insurance policies are offered as a group plan, and this may be either good or not so good for you, depending on your health.

For instance, an overweight person with diabetes will be better off with a group plan in which his health risks are offset when spread out over the rest of the group. For a healthy person, a group plan may mean a higher premium than you could have gotten with an individual plan.

Take time to review the different plans available, and read the fine print carefully before you make a selection. Do your research and find the best href="mortgageincomeprotectioninsurance.com/">mortgage income protection plan today!

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