Is Your Toll Free Number Increasing Your Bottom Line Profits?
by G.H. Bey
I
read somewhere several years ago: If you want to
leave your competition in the dust, use a toll
free number to sell your products and services.
Today,
when you see the ads in any national publication,
most of the ads will have a toll free number. So,
I suppose what I read must have been true. Right?
Well, let's take a close look at some of the
details of using a toll free number to sell your
products and services.
USING
A TOLL FREE NUMBER TO GET INQUIRIES
As
we all know, using a toll free number is the
easiest way to get a prospective customer to call
for more information about your product or
service. Every one who has a business or is
thinking about starting a business has a telephone
and the call is FREE! So if you are advertising in
publications that has readers who are interested
in what you have to sell, you are sure to receive
a lot of calls on your toll free line.
Now,
this all sounds very good, so far. Right?
METHODS
AND TECHNIQUES OF MARKETING WITH TOLL FREE NUMBERS
Most
advertisers use their toll free number to get the
names and addresses of their callers so they can
send them more information about their product or
service and then they hope that they will make a
sale. However, there are so many toll free
numbers, there is still a great deal of
competition in getting a potential customer to
call your toll free number. So, the advertiser has
to take additional steps to attract potential
customers to call their toll free line. To solve
this problem most advertisers offer something free
such as a report, booklet, audio tape etc. The
most important thing is to get people to call.
Even if you have a very strong offer, the prospect
won't hear it if you don't get them to call.
However,
let's look at the other side of the coin, the down
side of this method of attracting people to call
your toll free line. What is this method going to
cost you? Let's say you're using a classified ad
and it's costing you $50.00. Each time someone
calls your toll free line it costs you .20 cents.
Now, your free gift, let's take the least
expensive way and say you're giving away a three
(3) page report which will cost you .30 cents to
produce and you have to pay .32 cents each to send
your free report and sales letter.
Now,
let's see what it will cost you if you get, we'll
use a nice round number, let's say 100 calls on
your toll free line. Your ad will cost you $50.00
your calls will cost you $20.00 your free gift
will cost you $30.00 your postage cost will be
$32.00. You're total cost will be $132.00. Now,
how many sales do you have to make to cover the
cost of your advertising campaign. Of course, this
will depend on the cost of your product, service
or program. Right here, we'll just use an example
and say your product costs, $25.00. Now, you will
have to make at least six sales to cover your
costs. This means that you will have to get 6%
response from your offer. If you make six sales
your total income will be, $150.00 leaving you
with an $18.00 profit.
The
above example is just to give you an idea of the
cost involved in using this method to obtain new
customers using your toll free line. However, what
if you don't get that 6% response, what if you
only get 4% or 3% or even only 1% then of course,
you're going to lose money. I can tell you from my
own experience, you must be very specific in
targeting your potential customer, you must have a
strong offer if you expect to get better than a 2%
response. You might not like to hear this but it's
the truth! Many small business operators are
finding that giving away free gifts using their
toll free number can be very costly
(unprofitable).
The
only way to find out whether this method can be of
some benefit to your business is to test it for
your self. My main purpose here is to point out to
you that you can get many inquires using the
method of giving away something free, people are
always looking for something free but it doesn't
mean that they will buy what you have to offer.
OTHER
OPTIONS
One
method that can be used to cut the cost of postage
is to ask your prospective customer to send a
couple of first class stamps to receive the free
gift that you are offering. Some dealers say that
you should not do this however, you should test it
for your self and see if it works for you.
Another
method that you can consider, is to make your
sales pitch right from the greeting on your toll
free line. However, I must point out that using
this method takes a little experience. However,
let me assure you that it can be done, this is a
method that I have used several times and will
continue to use.
Using
a toll free number is certainly a good way to
bring in the inquires but turning those inquiries
into customers is the only way that you can make a
profit.
Brought
to you by: World Wide Information Outlet - http://certificate.net/wwio/,
your source of FREEWare Content online. 
For more information on how to get your mail order
business off on the right track, Day-Star
Communications offers 5 eye-opening business
reports with reprint/resale rights. These reports
are from 4 to 9 pages long and reveal insider
information on every aspect of the mail order
business. The total value of this complete package
is $19.95 but readers of this publication can
receive this total package for only $9.00. Just
send your order to, Day-Star Communications, 7023,
Hermitage St, Pittsburgh, Pa, 15208-1110. G.H. Bey
also invites you to call for free advice on
building your mail order business at: (412)
363-7187
JOIN
FREE
today and take our
FREE
INTERNET
INCOME!® COURSE
- ongoing training
on how to create multiple income
streams worldwide via the
Internet. ($295
value!).
Article
Index
Work
at Home Business Opportunity - Earn Money Online |