How To Increase Profits On The Backend

Most businesses spend too much time trying to gain new customers and fail to recognize the immense goldmine that they have in their existing customers. The fact is that the people most likely to buy from you are those people who have already bought from you! That's why backend marketing can help to boost your profits, even when new customers are few and far between. As a strategy to survive and thrive in a recession, it's hard to beat backend marketing. WHY IT WORKS Backend marketing works because people are the most suggestible in buying behavior just after they've made a decision to buy. Once they overcome resistance to purchasing from you, they've given you their trust. You no longer have to market to overcome buying resistance; instead, you market to them to have them buy even more from you. For the business owner, it works because it's easy to implement backend strategies, whether you are an online or a retail business. It just takes a bit of conscious attention to the actual purchasing transaction and understanding when to offer customers an upsell or a more expensive item. Once you get the hang of this, it's a very easy way to increase the bottom line without spending tons of time advertising.

STRATEGIES ARE SIMPLE Strategies are deceptively simple and work best when implemented with consistency. While it doesn't take much to ask someone if he/she wants a pair of socks to go with a set of shoes he/she just bought, if you don't have that step planned out, you can miss that opportunity. It works best when you use these strategies at specific times and quite consistently. When planning your sales funnel, you should include deliberate methods to sell backend offers. It shouldn't ever be an afterthought; it should be a carefully planned marketing strategy. It may look like a simple question or an additional ad that is carefully placed on a thank you form, but it's a planned attempt to get your visitors to open their wallets wider. Don't miss an opportunity to increase your bottom line, particularly when the customer is in the mood to buy – which is usually when they've just agreed to buy. By paying attention to your sales funnel and strategies, you can set up a maze of offers that are subtle yet powerful motivators to sell.