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    How to Get Franchisees to Open More Outlets
    If you are a franchisor you want your most successful franchisees to operate more outlets. In other words you want them to buy more franchises and you are probably even willing to give them a discount because there will be no training involved since they already own one or more units.It is a well-known fact in business that it is much easier to sell something to a current customer than to try to go market, advertise and get new customers to come in and buy. The same thing applies to franchising organizations. So how do you get your current franchisees to open more outlets?Many franchisees do not wish to open more outlets because that means they are required to put up more capital. Many franchisors do not want to spend their capital to put in company-owned stores, because they need to conserve their resources so they can continually grow exponentially.One way to get franchisees to open more outlets is to offer them more territory, yet in doing this sometimes franchisees feel that if they opened stores too closely to their current stores they will cannibalize sales that there were already getting.This may or may not be true originally, but by opening another story you will increase the brand name in the region and increase the total pie or number of buyers in the area and therefore b
    ed to know more. By providing just enough information to increase curiosity, Ray quickly gained interest and a new volunteer for his organization. Ray also learned of a senior in need through this interaction.

    You can follow this same strategy. Always provide information that is of value even if the prospect doesn’t schedule an appointment or need your services right now. The idea is to partner with customers to help t

    What Stand Up Comics Can Teach You About Marketing
    Did you know that stand up comedians don't just get on stage and wing it?Although they are born to make us laugh, good comedians follow a formula when they are preparing their next great joke. That's probably the reason my jokes tank, but that's a story for another time.Before stepping on stage, mike in hand, to deliver their joke they follow a set of metrics that when properly executed, leave their audiences in stitches.As small business owners, we may not want our clients and customers cackling in the aisles but we do want to make a lasting and memorable connection.Follow these three steps from the last comic standing to wow your audience:1. The Set-UpDo you know why your product or service is a must-have? This question must be addressed in all good marketing. The set up is where you explain, in story style, why your product or service must matter. Ask yourself these questions to get your set-up started:What does my product or service really do?What is the #1 question my product or service addresses?2. DeliveryOnce you've addressed why your target audience must run, not walk, towards your product or service, you'll need to explain how your offer will actually make their lives better. You can get a market excited about all
    No matter what business you are in, you also have a second job... you are a marketer. That means you are responsible for letting others know about how you can help them. One of the best ways to get those opportunities to convert prospects into customers is by networking. Here are some simple strategies for making your networking more effective.

    1) Don’t describe what YOU do.

    Let your potential client know how you can positively impact his or her life. Explain how your product or service will improve the life of your potential client.

    For example, when someone asks me, “What do you do?” my first thought is almost always to explain, “I’m a writer and consultant.” Unfortunately that response rarely piques the interest of potential clients. Instead I’ve learned to answer, “I POWERFULLY communicate business messages to get results.” This answer not only grabs their attention but stimulates more questions about how I might help that particular prospect.

    Action item: Develop your value response to the question, “What do you do?”

    2) Turn interest into appointments.

    Once you have developed your value response to the action item above, you are well on your way to more effective networking. When you describe what you can do for a potential client they are more likely to be interested in what you do. After all, it’s all about WIIFM – What’s In It For Me!

    My friend Ray is a dynamic individual. Coincidentally he runs Interlink a faith based organization. I recently overheard someone ask Ray what he does. Ray quickly replied “I help seniors and others stay in their homes as long as possible.” The person asking the question was immediately touched and wanted to know more. By providing just enough information to increase curiosity, Ray quickly gained interest and a new volunteer for his organization. Ray also learned of a senior in need through this interaction.

    You can follow this same strategy. Always provide information that is of value even if the prospect doesn’t schedule an appointment or need your services right now. The idea is to partner with customers to help th

    Franchise Opportunity - Questions To Ask The Franchisor - #45
    Finding The Right FranchiseWhether it’s hamburgers, pizza, telecom, coffee, Internet, muffler parts, or seniors’ services, there are Franchise opportunities available to evaluate. There are great Franchise systems, good Franchise systems, and bad Franchise systems. The challenge is to ask the right questions to find the right system that will fit your goals and dreams. The key is to ask the questions – and listen closely to the responses. Only then can you determine if the Franchise opportunity is the right fit for you. So whether it’s food services like burgers or coffee, professional services like telecom or IT, or manual services like cleaning or oil changes, ask the questions and record the answers.What’s The Challenge?Do you look forward to Friday afternoon or Monday morning? Perhaps that’s the true litmus test of happiness. If you’re thinking about the fact that there’s only one day to go before the weekend, when you just got back from lunch on Wednesday, it may be time for a change. Maybe your day-to-day activities simply aren’t all that fulfilling. Maybe you’re in a rut, and it feels like you have to crawl up the side of the Chrysler building to get out.I seem to carry a certain amount of guilt on weekends because I’m always looking forward to Monday morning. I know the next ch
    can positively impact his or her life. Explain how your product or service will improve the life of your potential client.

    For example, when someone asks me, “What do you do?” my first thought is almost always to explain, “I’m a writer and consultant.” Unfortunately that response rarely piques the interest of potential clients. Instead I’ve learned to answer, “I POWERFULLY communicate business messages to get results.” This answer not only grabs their attention but stimulates more questions about how I might help that particular prospect.

    Action item: Develop your value response to the question, “What do you do?”

    2) Turn interest into appointments.

    Once you have developed your value response to the action item above, you are well on your way to more effective networking. When you describe what you can do for a potential client they are more likely to be interested in what you do. After all, it’s all about WIIFM – What’s In It For Me!

    My friend Ray is a dynamic individual. Coincidentally he runs Interlink a faith based organization. I recently overheard someone ask Ray what he does. Ray quickly replied “I help seniors and others stay in their homes as long as possible.” The person asking the question was immediately touched and wanted to know more. By providing just enough information to increase curiosity, Ray quickly gained interest and a new volunteer for his organization. Ray also learned of a senior in need through this interaction.

    You can follow this same strategy. Always provide information that is of value even if the prospect doesn’t schedule an appointment or need your services right now. The idea is to partner with customers to help t

    Is Fashion Your Passion? Make Fashion Your Career
    Do you live and breathe fashion? Would a fashion career suit your style and aspirations?For fashion enthusiasts, a fashion career can seem like a dream job; an opportunity to influence society and change the way a nation dresses for the day and evening. Read on to see which fashion career might be right for you.Fashion careers are essentially of two types - those in fashion design and those in the sales and marketing side of the industry (fashion merchandising). You can further customize your fashion career by choosing to focus on a particular style or kind of garment.Other fashion career opportunities include costume design for TV, film and theater productions; personal stylist positions with high-end department stores and private clients, fashion photography; and modeling work for everything from newspapers ads to strutting the catwalk in Milan or Paris.But to turn your passion for fashion into a lucrative fashion career you need more than just the ideas and enthusiasm; you need technical and industry expertise to turn your creative energies into saleable apparel.One thing fashion careers share, aside from being a rewarding outlet for your creative talents, is their starting point - fashion school. A fashion design education should prepare you for a fashion career, even if
    .” This answer not only grabs their attention but stimulates more questions about how I might help that particular prospect.

    Action item: Develop your value response to the question, “What do you do?”

    2) Turn interest into appointments.

    Once you have developed your value response to the action item above, you are well on your way to more effective networking. When you describe what you can do for a potential client they are more likely to be interested in what you do. After all, it’s all about WIIFM – What’s In It For Me!

    My friend Ray is a dynamic individual. Coincidentally he runs Interlink a faith based organization. I recently overheard someone ask Ray what he does. Ray quickly replied “I help seniors and others stay in their homes as long as possible.” The person asking the question was immediately touched and wanted to know more. By providing just enough information to increase curiosity, Ray quickly gained interest and a new volunteer for his organization. Ray also learned of a senior in need through this interaction.

    You can follow this same strategy. Always provide information that is of value even if the prospect doesn’t schedule an appointment or need your services right now. The idea is to partner with customers to help t

    Is The Alphabet Dictating Your Success? Some Evidence (Part 2)
    In the surname stakes, we can almost forget gender, knowledge or experience. The alphabet will sort us out with callous efficiency into categories marked: Essentials (A-G); Desirables (H-M); Barely Advantageous (N-S); Don't Bother (T-Z). This mental sorting is not confined to groups or organisations. Every individual is brainwashed into doing it. So when we want a particular product, we rush to the phone book and expediency dictates that we head straight to the Acmes and Aardvarks of the business world - while Tempo and Zenith hardly get a look-in.The indirect result of this concentration on the first letters of our alphabet is that the companies in this little favoured band have rich pickings while the rest have to make do with the leftover crumbs. That explains why 27% of the FTSE 100 companies in the UK have names which stop at the letter C. Logically, each of the remaining letters can hope for a mere 3.2% as their share, on average.Looking around us we can also see that: 70% of US presidents have surnames beginning A-M (48% A-H) 64% of UK Prime Ministers have surnames beginning A-M (56% A-H) 74% of Harold Wilson's cabinet in 1964 had surnames beginning A-M (62% A-H) 70% of the UK Times
    client they are more likely to be interested in what you do. After all, it’s all about WIIFM – What’s In It For Me!

    My friend Ray is a dynamic individual. Coincidentally he runs Interlink a faith based organization. I recently overheard someone ask Ray what he does. Ray quickly replied “I help seniors and others stay in their homes as long as possible.” The person asking the question was immediately touched and wanted to know more. By providing just enough information to increase curiosity, Ray quickly gained interest and a new volunteer for his organization. Ray also learned of a senior in need through this interaction.

    You can follow this same strategy. Always provide information that is of value even if the prospect doesn’t schedule an appointment or need your services right now. The idea is to partner with customers to help t

    Why Your Clients Are Buying from Someone Else (and What You Can Do About It)
    Have you ever wondered why a client would come to you for your services one time and then next time go to someone else? It’s a frustrating situation. You spend lots of time, energy and money to bring in new clients, only to have them defect to your competition shortly thereafter. There are a few common reasons why you might face this challenge. There are also several ways to rectify it. As you read this list, keep an open mind and be honest with yourself. Have you ever given clients a reason to think…Another Company is Easier to Work With. If someone is ready to give you his business, it seems the least you could do for him is make it easy to work with you. I can’t tell you how many times I’ve been in a store, with my wallet in hand, and no one around to ring up my purchase. Or have you ever called a business to ask a question or place an order by phone and been put in the cue with a recorded message, “you are caller number 17, your approximate wait time is greater than 10 minutes, please stay on the line.” This actually happened to me this week and once I got a live person, she said she needed to transfer me to someone else. Guess what? I got put back into another cue as caller number 14. When that person answered and announced she was going to put me in touch with a third person, I told her that i
    ed to know more. By providing just enough information to increase curiosity, Ray quickly gained interest and a new volunteer for his organization. Ray also learned of a senior in need through this interaction.

    You can follow this same strategy. Always provide information that is of value even if the prospect doesn’t schedule an appointment or need your services right now. The idea is to partner with customers to help them - not to trick them into services they may not want or need.

    Action items: Develop a response to further inquiries about your business or service and provide valuable information to potential customers that helps turn interest into appointments.

    3) Give prospects more than they expect.

    Sure, your time is valuable but so is the time of your potential customer. Maximize the effectiveness and value of your initial meeting by offering to meet pro bono (or for free). While I don’t advocate giving services away for free, a complimentary initial meeting is a good way to find out if your services are right for the customer…and if the customer is right for YOU.

    Recently, Wade, an investment services broker contacted a marketing specialist to discuss ways he could increase his client base. The marketing specialist granted Wade a complimentary ? hour consultation and could have suggested all kinds of advertising and marketing placements that would have cost Wade lots of money. Instead, the savvy marketing specialist detected that it would be more beneficial for Wade to build networking skills and work on individual relationships to increase business. During this complimentary meeting both parties quickly assessed that they could probably work together in the future but the timing wasn’t quite right. Wade was grateful for the honest assessment and has since begun building relationships via the local Chamber of Commerce. When he’s ready to put together a marketing campaign, Wade knows who he’ll call.

    Action item: Consider offering brief complimentary consultations to evaluate if you are a good fit with a potential customer.

    4) Can’t assist? Try to provide a

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