• Home
  • /
  • Blog
  • /
  • TSE 488: How To Get Better Clients By Identifying Most Profitable Customer And Find More People Who Look Just Like Him or Her

Don't miss our weekly sales tips!

Sign up below to get weekly tips from Donald on how to build a healthy sales pipeline and convert 2x as many deals!

The Sales Evangelist

John Dwyer; Donald Kelly, The Best Sales Podcast We all need profitable customers, but you have to speak to their needs. Much less, how do you even find them?  Today’s guest is John Dwyer, an Australian marketing genius, sales professional and entrepreneur. He will teach us some simple concepts on how  to get those profitable customers that no one would want to get rid of so you can increase your sales game.

John is the Founder of the Institute of Wow, where he helps show businesses and people how they can market themselves on creating wealth based outside of price.

Here are the highlights of my conversation with John:

Why many companies neglect identifying an ideal customer:

  • Ignorance and laziness
  • Failure to collect any data – 95% of business (online and offline) collect no data
  • Making a motherhood statement (that everybody needs what you have)

Case Study: Marketing strategies John did for an Australian bank:

  1. Part of the bank’s marketing strategy was to give a free holiday to customers who get their home loans. They tripled their home loans in the first three months.
  2. They got Jerry Seinfeld to do an ad for it. (Find out why they exactly chose Jerry Seinfeld for their campaign.)

Strategies for hyper focusing on your ideal customers:

  1. Identify your most profitable customers by collecting data.

Figure out who is spending more. Categorize your customers into ABCD segments based on their spending trends. The statistics will tell it all.

  1. Make sure you get that data in the appropriate places.

Focus your complimentary offers on your most profitable customers. If you’re new in the company, do a research on your company’s sales trends. Get it from your office or your boss. Otherwise, wing it for 2-3 months and once you have data, that’s going to set you on the right path.

  1. Make sure the right message is going to the right market.

John’s Major Takeaway:

Dig into your data since the statistics will tell it all. Message the market match.

Episode Resources:

Get in touch with John on www.theinstituteofwow.com and download a whole bunch of their free reports.

Purple Cow by Seth Godin

Get a free audio book download and a 30-day free trial at audibletrial.com/tse with over 180,000 titles to choose from for your iPhone, Android, Kindle or mp3 player.

What do you like about our podcast? Kindly leave us some rating and/or review on iTunes. This would mean so much to me.

 

About the Author The Sales Evangelist

Donald is the host of the popular sales podcast,"The Sales Evangelist". He is the founder of The Sales Evangelist Consulting Firm where he helps small companies develop killer sales process to scale their business and increase growth.

Donald is also an award-winning speaker, sales trainer, and coach. He's a big fan of traveling, South Florida staycations and high-quality family time. Donald has a belief that “anyone” can sell if they have the desire and receives the proper training.

Leave a Reply

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}