• Rod Moore - CEO & Founder of Profit Minute

    Rod Moore
    Profit Minute™
    "Most small business owners are so busy working in their business that they never take a minute to stop and work on their business. The result is usually ineffective sales and marketing and a lack of profits.

    At Profit Minute™ we work with you to ensure your business is aligned to your vision, and you have effective sales & marketing strategies to lead you to PROFIT!"


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    • Silicone Wristbands As An Advertising Tool
      You can't walk down a street these days without seeing one of those silicone wristbands with some kind of writing on them. You may be wondering how in the heck they even got started at being an advertising tool. It's not as odd as it may sound. How Did It Start? There are many ideas how these wristbands came about. Many people will remember when th […]
    • All You Wanted To Know About Pay Per Click Jobs
      When it comes to enjoying a successful online career, nothing can beat pay per click jobs. There is already lots of pay per click (PPC) professionals who are earning good incomes from the comfort of their homes. However, newcomers to this internet marketing niche still seem confused about how to become PPC professionals on their own. What Is Pay Per Click Al […]
    • All You Wanted To Know About Internet Marketing Jobs
      Internet marketing jobs have become the favorite choice after technological advancements came up with the advent of the Internet. The Internet has transformed the traditional marketing into a vibrant form and has made online marketing a very successful and steadily growing industry. It has opened doors to many job seekers who are keen to show their creative […]
    • Why We Need Renewable Energy Courses?
      Solar energy is finally coming into its own after more than 40 years of virtual stagnation. Public awareness of pollution and drastically increasing climate change has compelled governments' world wide to institute many new incentives for both homeowners and learning institutions to go green that include economic stimulus plans that focus on renewable e […]
    • Web Design for Small Businesses
      Why do some small business owners still insist they don't need a website? The evidence against this position is overwhelming and easy to research. Somehow, in the business owners mind, the World Wide Web ranks below local newspaper advertising or a leaflet drop. They might not say it but that's where their advertising budget has gone. What is the r […]
    • A Checklist For Farm Diversification
      Having endured a sustained period of economic instability, many modern businesses - farms included - have been forced to reassess their position going forward. While times have been tough, it's nothing that farmers haven't been through before. Major incidents from BSE to foot and mouth mean that farm owners have been dealt crushing blows before. A […]
    • Wear a Wristband to Show Your Beliefs
      There are many people today that want their voice to be heard on certain issues, and they are concerned with making sure the beliefs they have are recognized. If you are interested in having something to display a belief that you support, silicone wristbands are definitely something you should look into purchasing. Wearing a silicone wristband can help bring […]
    • Online Brand Management: Optimizing Facebook
      We've previously discussed the Web's amazing tendency to take very good ideas and adapt them to techniques largely unrelated to their original intent. Nowhere is this more currently prevalent than in the realm of Social Media Networking. SM sites were intended to allow people to present a profile and keep in touch with interested parties. In essenc […]
    • Introducing Cisco Unified Communications Manager Express
      The word is out: ‘Cisco Unified Communications Manager Express' (CUCME) is Cisco's new ‘Call Manager Express system' (CME). Both concepts are pretty much identical, with the slight difference that the IP Telephony software now runs on Cisco routers; the software is installed in the router's flash memory. The CUCME system serves as the cal […]
    • Melbourne - the perfect location for your green screen video production
      Through technology, the business world has opened up and today, anyone can sell and trade anywhere in the world. As a result, competition is strong, and companies have to come up with more modern ways to attract consumer and fans. A modern way to advertise is by posting short video ads on the web. People like to watch little clips, especially if they are fas […]

Archive for July 1st, 2009

BONUS DVD – 11 Underground Joint Venture Strategies

businesswomensmallI have just finished recording my latest Attraction Marketing DVD titled ‘11 Underground Joint Venture Strategies‘ which explains in detail how to accelerate the growth of your business through JV’s. I even go through one of my key strategies for total integration.

The DVD will soon be available for $77 … however … If you are one of the next 27 people to book a ticket to the coming Mega Networking & Referral Event then you will receive the DVD as an added BONUS!

Find out more details and book your tickets here:

http://www.MegaNetworkingEvent.com

Popularity: 10% [?]

Laws Of Influence & Persuasion

In recent times in line with the development of NLP there has been a lot of work in the area of influence and persuasion. The most significant studies were conducted Robert Cialdini, a Psychologist who wrote the book ‘Influence – The Psychology of Persuasion’.

From this recent research there are a number of laws of influence and persuasion, which have been proven through numerous studies to be highly effective. Implementing these laws into your marketing can have dramatic results on your success.

Lets consider some of these laws and how they may apply in your business.

1.Law of Consistency – The law of consistency is perhaps the single most important discovery in the research into influence and persuasion. It is redefining the sales process. The exciting news is that it works hand in hand with a lot of the ideas from NLP and how they apply to marketing.

The law of consistency simply states that we have a deep unconscious need to remain consistent. So in other words we always try to remain consistent with our point of view, the things that we state to be true, or the actions and behaviour we engage in. Any time we are placed in a situation where we may violate this law we feel a strong internal pressure to return to a position of consistency.

For sales people and business owners this is possibly the most important concept they will ever integrate into their understanding of the sales process.

It is vital that we create an environment where our prospects are able to remain consistent with their views, the comments they make and their behaviour. Any time we place them in a position were they feel they are being inconsistent then we are building in them at an unconscious level pressure to return to being consistent. At the same time there levels of fear and uncertainty begin to rise.

Understanding the law of consistency is extremely powerful and can virtually eliminate the need to use closing techniques. If we lead our prospects into what is known as an agreement frame of mind and keep them there throughout our presentation then by the law of consistency they are far more likely to make a yes decision.

2.Law of Reciprocity – The law of reciprocity is where we feel a sense of indebtedness or obligation to someone else. When others do something for us we feel a strong need, even a push to return the favour.

In other words, if we go out of our way to help our clients solve their problems and we give of our time and expertise, then they begin to feel a strong sense of obligation and indebtedness to us.

Those sales people who are truly masters of their craft have learnt to focus on how to help their prospects first without coming across as a pushy sales person. They go the extra mile in making sure the client is fully aware of their situation and the possible solutions available to them.

When it comes time to make a decision on the right solution the prospect will be attracted more to the sales person they feel indebted to. This is especially useful when you are in a competitive environment or selling against competition. Because the average sales person will not go out of their way to help prospects you can easily use the law of reciprocity to your advantage.

3.Law of Social Proof – The law of social proof has broader implications in terms of the psychology of human behaviour. It can be very persuasive in selling certain products but should not necessarily be used in all cases.

The law of social proof simply states that people look to others, their peers friends and family, before making a decision about something. Have you ever been out to dinner with a big group of people and noticed that there is always one or two people who look at what everyone else is ordering before they order? Well that is social proof.

Social proof is seeking to gain social validation prior to making a buying decision. It can be extremely persuasive in selling to younger generations or in areas like fashion. If everyone starts wearing face-covering sunglasses then when you are out buying sunglasses again you are more likely to buy them as well.

As mentioned earlier, social proof is not relevant in every business situation. If you are selling complex customised high end IT solutions for instance then social proof is less relevant.

Social proof can be used in other ways though, which are important. The use of customer testimonials is a form of social proof. The more testimonials and satisfied customers you can demonstrate to your prospect the more they will feel comfortable about dealing with you. This is in effect social proof at work.

4.Law of Scarcity – The law of scarcity plays a large role in the persuasion process in our society. Opportunities and things are more valuable and exciting when they are scarce and less available to you.

Whenever choice is limited or threatened, the human need to maintain a share of the limited commodity makes us crave it even more. Scarcity drives people to action, making us act quickly for fear of missing out on an opportunity.

You see the law of scarcity at work at the Myer annual Christmas stock take sale when three thousand people all compete to get the plasma TV screen for $100.

The key is to learn how to create a sense of, or actual, scarcity around your product or service. You can do this through different pricing structures, limited offers, limit your service availability, release limited numbers of each product and so on.

5.Law of Contrast – The law of contrast is introducing two vastly different alternatives in succession. By contrasting two alternatives it can distort or amplify our perceptions of things. Generally, if the second item is quite different from the first, we will tend to see them even more differently than they actually are. As a master persuader you can use this contrast to steer your prospects toward the solution you believe is right for them.

One of the most effective ways to use the law of contrast is to present three possible solutions to your prospect. The first is a low cost cheap solution that does not meet all of the prospects requirements. The second solution is the ideal solution priced possibly higher than the prospect is expecting. The third solution is a high priced solution with excessive features that is well out of the price range of the prospect.

By presenting the three solutions the prospect will gravitate towards the second option presented, even though it is more expensive than they had expected. By contrast with the other two solutions it is more acceptable at the higher price.

Had the second solution been presented in isolation then it would not have been as attractive to the prospect, yet in the light of the other two options it is far more acceptable.

6.Law of Expectations – The law of expectations use expectations to influence reality and create results. Individuals tend to make decisions based on how others expect them to perform.

You can establish expectations in the mind of your prospect quite easily. As a result your prospects feel an unconscious need to live up to those expectations.

An example of this is the car salesperson that says to his prospect ‘you are going to love how this car handles around corners’. This plants the expectation in the mind of the prospect. They now focus on this aspect of the new car when test driving it.

The logical question to ask yourself then is how can you use these laws of influence and persuasion and apply them to the marketing of your business?

Popularity: 8% [?]