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Digg it UP - Developing Profitable Product Concepts!
Maximize Patient Collections with a Patient Payment Policy .Just; boats, cars, states, countries, dolls, or flowers. And there’s more! See how a simple item that we’ve all seen a thousand times just expanded into an entire division or business.Healthcare practice owners and managers are often astounded to realize that it can cost as much as $6 or $7 to successfully collect a patient payment using traditional invoices through the mail. Considering employee time, as well as postage and envelopes, the cost truly adds up when sending dozens of invoices each week. The hours spent preparing invoices also detract from other endeavors around the office – valuable time that could be focused on improving patient flow, records management, etc. – not to mention that most patients are sent two or even three invoices before they return payment. Establishing a formal payment policy Residual income, that’s what we want. When you look at things in this way you will learn to develop products that create big profits for your company. Don’t worry if your ideas sound bizarre. It’s practice that we’re after. And remember, when you brainstorm it is actually a large quantity of ideas you want at first, not quality. Sometimes the goofiest ideas bring forth big results. I was What's On Your Business Card? It’s very hard to describe how to develop the merchandising ability of looking at things and automatically devising potential money making scenarios. It’s part experience, part learned knowledge, part natural instinct. I can only write examples when they come to me. Hopefully through example you will learn to relate and assimilate.A professional business card says more about you and your business than any other tool in your marketing arsenal. You need a card that looks good, tells what you do and makes it easy to contact you.Here's how to use the necessary ingredients to create a great business cardYour name should be the biggest part of the card. Right there where the eye can pick it out without searching.Avoid the old trap of name and phone number in 6 point type in the lower right corner.Your card's purpose is to get people to remember YOU and contact YOU. So put YOU in the middle, big. A fancy company logo is not You must practice your product development skills every day. You have to develop the habit of looking at things in special ways. Like; “how would I sell that?”... “how could it be improved” “could I use it to enhance what I’m currently selling”.. “could it be repackaged and sold to a different group of people than it’s sold now”...”what could be sold to the people that bought it?” Our goal is to make this process a part of your being...an instinct... something that happens automatically, without conscious effort. Let’s start with this one statement; In mail order, it’s always best to have as many products as possible in your line that lend themselves to repeat sales, or multiple purchases. For small companies it’s absolutely essential. Here’s some examples: My daughter has a charm bracelet, of course she buys charms for it. You see how the charm bracelet lends itself to future sales. You could probably give the bracelet away free, or at very low cost and make your money selling the charms. You could offer the bracelet free of charge when you agree to buy three more charms in the next year. Or how about, “Charm of the Month” See what I did? I automatically... without conscious thought...incorporated the negative option sales technique to the product. (By the way, that’s why you should continue to read and learn, if you didn’t know about the negative option technique*, you wouldn’t know how to apply it to your product would you.) Back to the example. This is also an example of niche marketing. Charms and charm bracelets are a specialty, a niche in the jewelry industry. Can you give me an example of a niche in a niche? What would be a niche in the charm niche? Don’t read further...think for a few minutes. What did you come up with? I came up with animal specialty charms. e.g. “Just Cat Charms,” every breed for the cat enthusiast. It could be dogs, horses, any animal that certain people just love. It could be Saints, Presidents, Famous Musicians. Want some others? How about...Just; boats, cars, states, countries, dolls, or flowers. And there’s more! See how a simple item that we’ve all seen a thousand times just expanded into an entire division or business. Residual income, that’s what we want. When you look at things in this way you will learn to develop products that create big profits for your company. Don’t worry if your ideas sound bizarre. It’s practice that we’re after. And remember, when you brainstorm it is actually a large quantity of ideas you want at first, not quality. Sometimes the goofiest ideas bring forth big results. I was a Pre-Employment Screening it be repackaged and sold to a different group of people than it’s sold now”...”what could be sold to the people that bought it?” Our goal is to make this process a part of your being...an instinct... something that happens automatically, without conscious effort.A pre employment screening usually involves some basic investigation. The most important and common screening is for the authentication of the data in the resume. Many applicants have fake job experiences in their resumes. This might make the resume look attractive but might prove to be harmful to the applicant if the results turn up that the resume has been falsified. Many people expect the employers to take the resume at face value. Of course, a good resume does provide a good impression but if it is falsified, there could be no chance that the employer would consider the candidate.Basic verification of the resume inc Let’s start with this one statement; In mail order, it’s always best to have as many products as possible in your line that lend themselves to repeat sales, or multiple purchases. For small companies it’s absolutely essential. Here’s some examples: My daughter has a charm bracelet, of course she buys charms for it. You see how the charm bracelet lends itself to future sales. You could probably give the bracelet away free, or at very low cost and make your money selling the charms. You could offer the bracelet free of charge when you agree to buy three more charms in the next year. Or how about, “Charm of the Month” See what I did? I automatically... without conscious thought...incorporated the negative option sales technique to the product. (By the way, that’s why you should continue to read and learn, if you didn’t know about the negative option technique*, you wouldn’t know how to apply it to your product would you.) Back to the example. This is also an example of niche marketing. Charms and charm bracelets are a specialty, a niche in the jewelry industry. Can you give me an example of a niche in a niche? What would be a niche in the charm niche? Don’t read further...think for a few minutes. What did you come up with? I came up with animal specialty charms. e.g. “Just Cat Charms,” every breed for the cat enthusiast. It could be dogs, horses, any animal that certain people just love. It could be Saints, Presidents, Famous Musicians. Want some others? How about...Just; boats, cars, states, countries, dolls, or flowers. And there’s more! See how a simple item that we’ve all seen a thousand times just expanded into an entire division or business. Residual income, that’s what we want. When you look at things in this way you will learn to develop products that create big profits for your company. Don’t worry if your ideas sound bizarre. It’s practice that we’re after. And remember, when you brainstorm it is actually a large quantity of ideas you want at first, not quality. Sometimes the goofiest ideas bring forth big results. I was The Marvelous World of Metaphors u see how the charm bracelet lends itself to future sales. You could probably give the bracelet away free, or at very low cost and make your money selling the charms.Recognize metaphors from every angle and round up more insight into your own innovation. Nobody can do it better than you can!A metaphor is a figure of speech in which a word or phrase that means one thing is used to describe an object or ideas to which it is not literally applicable -- a ship is said to plow the sea. Denise ShekerjianWebster defines Metaphor:The application of a word or phrase to an object or concept, which it does not literally denote: in order to suggest comparison with another object or concept, as in “A mighty fortress is our God.”A figure of speech founded on resembl You could offer the bracelet free of charge when you agree to buy three more charms in the next year. Or how about, “Charm of the Month” See what I did? I automatically... without conscious thought...incorporated the negative option sales technique to the product. (By the way, that’s why you should continue to read and learn, if you didn’t know about the negative option technique*, you wouldn’t know how to apply it to your product would you.) Back to the example. This is also an example of niche marketing. Charms and charm bracelets are a specialty, a niche in the jewelry industry. Can you give me an example of a niche in a niche? What would be a niche in the charm niche? Don’t read further...think for a few minutes. What did you come up with? I came up with animal specialty charms. e.g. “Just Cat Charms,” every breed for the cat enthusiast. It could be dogs, horses, any animal that certain people just love. It could be Saints, Presidents, Famous Musicians. Want some others? How about...Just; boats, cars, states, countries, dolls, or flowers. And there’s more! See how a simple item that we’ve all seen a thousand times just expanded into an entire division or business. Residual income, that’s what we want. When you look at things in this way you will learn to develop products that create big profits for your company. Don’t worry if your ideas sound bizarre. It’s practice that we’re after. And remember, when you brainstorm it is actually a large quantity of ideas you want at first, not quality. Sometimes the goofiest ideas bring forth big results. I was Lessons Learned from Both Sides of the Digital Divide our product would you.)I have learned some important lessons from my experience on both sides of the digital divide – as a peddler of technology services and as a client of technology providers. In the new world of the Web and E-commerce opportunities these lessons are even more important to keep in mind:1. The first wave of Internet investment was driven by fear and greed.2. Current e-business plans require more than a bright idea and a high "burn rate".3. Success requires a strategy and a plan before jumping into action.4. People and supporting processes are always more important than the technology.5. Cool techn Back to the example. This is also an example of niche marketing. Charms and charm bracelets are a specialty, a niche in the jewelry industry. Can you give me an example of a niche in a niche? What would be a niche in the charm niche? Don’t read further...think for a few minutes. What did you come up with? I came up with animal specialty charms. e.g. “Just Cat Charms,” every breed for the cat enthusiast. It could be dogs, horses, any animal that certain people just love. It could be Saints, Presidents, Famous Musicians. Want some others? How about...Just; boats, cars, states, countries, dolls, or flowers. And there’s more! See how a simple item that we’ve all seen a thousand times just expanded into an entire division or business. Residual income, that’s what we want. When you look at things in this way you will learn to develop products that create big profits for your company. Don’t worry if your ideas sound bizarre. It’s practice that we’re after. And remember, when you brainstorm it is actually a large quantity of ideas you want at first, not quality. Sometimes the goofiest ideas bring forth big results. I was Direct Mail for Fast Food Restaurants .Just; boats, cars, states, countries, dolls, or flowers. And there’s more! See how a simple item that we’ve all seen a thousand times just expanded into an entire division or business.Fast Food Restaurants know that they need to be on very busy corners in order to get the impulse eater to come in and buy a Sandwich, Hamburger, Chicken, Pizza, Taco or whatever. The spend lots of money on landscaping, lighting, signage, drive thrus and branding to insure traffic. Consider the amount of money a Fast Food Restaurant spends in promotion some time.However, often they fail to realize that many locals do not bother to come in to eat. Why? Well, they have not invited them or provided the locals nearby the right incentive that’s all. A robust yet inexpensive marketing and advertising program might do the trick. Residual income, that’s what we want. When you look at things in this way you will learn to develop products that create big profits for your company. Don’t worry if your ideas sound bizarre. It’s practice that we’re after. And remember, when you brainstorm it is actually a large quantity of ideas you want at first, not quality. Sometimes the goofiest ideas bring forth big results. I was at a party the other day, and in one of the rooms was three giant wrought iron candle holders, floor models, one was about three feet high, the next a foot taller, and the next another foot taller. They were topped off with big beautiful candles. The thing is, these candle holders and candles were some of the neatest candle holders I’ve ever seen. I then thought, I bet there’s lots of neat candle holders being made, or ones that could be made. I then noticed that this person had many different candles and holders around the house, some in each room. So I figured that people that like candles...really like candles...and buy more that just a couple, sometimes a whole house full. I then figured that there may be many people into candles. My next thought automatically said catalog, a catalog with nothing but beautiful and wonderful candle holders. Oh, and of course the candles....candles that burn away. If your job depends on coming up with money making product concepts, make an effort to practice your skill daily; until it leaves your conscious thought process and becomes part of your subconscious. Some final idea qualifiers: Does the product fill a need, a desire, or enhance a persons life in some way? Can you readily identify and reach the people that might buy what you have? Is the total number of these prospects large enough to support the investment or business? Can it be easily delivered and serviced? Remember to track your customers with a relational database. If you’re not computerized you must make a chart. At the minimum; for each customer you must have a field that tracks; Name, Address and Phone(s), How they first heard of you and the date. (remember each ad must be keyed or coded for source) ...what they bought...how much they paid...and the date of each purchase. JDS * The Negative Option Technique, is where you send monthly product choices and the customer has to send in a card if they don’t want to buy it. They have to make a negative choice. They have to say no. If they want it, they do nothing and it will be automatically sent.
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