Persistence Pays Off!

“Persistence Pays Off.” It’s a phrase that’s been used by inspiring entrepreneurs and successful people under a variety of circumstances, yet it rings true in each and every one. Persistence does pay off, no matter what your goal is.

Entrepreneurs, athletes, people on a mission to get fit or lose weight, sales professionals trying to land a great deal, business men and women seeking a promotion, new position, or raise. In each and every one of these situations, persistence pays off. It rings true.

Persistence pays off in marketing, too. Persistence – and consistency, which we’ve discussed before. You will see results if you are persistent in your marketing efforts, no matter what your marketing objectives are for the year. If your efforts are persistent and consistent, they will pay off.

Don’t give up on your new marketing plan one month into the year because you haven’t reached your goals yet. My life coach taught me yesterday that when I look at my goals for the whole year, the rest of the year seems like plenty of time to get it all done. Not everything needs to be accomplished today! Great things sometimes take time to accomplish, which is an unfortunate reality for those of us with Type-A personalities who want everything done yesterday. Practice exercising patience, and keep being persistent with your plan, and give it a chance to work!

Don’t Be Afraid to Use Coupons and Discounts!

Attention business owners everywhere – small, large, international, Fortune 500 – take note: It will not kill your business or significantly decrease your profits for you to offer your customers a coupon, a periodic discount, a reward or a special offer! In fact, you will more than likely see an increase in your profits!

I just cannot believe the number of business owners I come across who are stingy with their coupons. They don’t want to give any coupons to any non-profit organizations for any promotions or fund-raising efforts. They’re afraid to offer a sale or discount on any of their products or services, until they’re so desperate for business that they have to in order to move anything.

The number one reason I get from people who balk at the idea of offering a promotion of some sort is that they simply can’t afford to take that cut into their profit margin. I guess it never occurs to them that by offering even a small snivel of a dicount, they would probably move a lot more product or sell more services during that time frame, because bargains attract buyers! And even if your profit margin is a little bit less on those few items or for that short amount of time, if you bring in twice your normal number of customers due to the offer, you would more than make up for the difference in your profits.

Hmmm…do I really want to be sure I’m making no less than $5.00 profit on each and every item I sell, or would I rather sell more items and probably double my normal profits for the month?