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Loop Consulting Group

Hello,
May 2006, No. 31

In this issue: I bet I pay more for a tank of gas than you do. Point of Sale Marketing at the pump and in your eNewsletter.



Marcos J. Menendez
President
Loop Consulting Group


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How To Add Point Of Sale Marketing To Your eNewsletter

Low on gas, I pulled into a gas station. At the pump I tried to pay using my credit card and to my surprise it worked! I mean that with an exclamation sign because here in Miami, FL most gas stations require you to "pay inside" as the pump sign reads.

After I'm done squeezing the hose for every last fraction of a gallon, I holster the pump and look for my receipt. I'm expecting the "Do you want a receipt" command flashing in the pump screen but instead I get "Would you like a car wash?" and three choices "clean, super clean and is that your car?"

I select the obvious one "Is that your car?" print my receipt and move on to car wash machine.

Where am I going with this, you ask...I'll tell you.

I pulled over for a tank of petrol with all the intent in the world of filling up, grumbling about the cost of gas and continuing on with my day. I had no idea I needed a car wash. With a simple suggestion, at the precise point in time, I spent an additional $6.99 for a car wash I did not realize I needed. This is called Point of Sale Marketing, a.k.a. POS.

Point Of Sale Marketing is powerful, suggestive and highly effective.

It increases sales by perfecting the art of suggesting an additional or complementary product or service at the point of purchase. Would you like "biggie" fries with your order for an additional .39 cents?

Now, this is not a new or revolutionary marketing strategy as I'm sure you know.

Where it becomes interesting and relevant for us is when you apply POS to your eNewsletter marketing strategy.

First of all the fact that you are delivering, or thinking about, an eNewsletter with relevant and valuable information is your opportunity to put to work one of the most subtle and effective ways to suggest a need for a service or product. With that said...

How to add POS Marketing to your eNewsletter?

1.
Product eNewsletter: If you are satisfying the original need for your eNewsletter, which is to deliver content of value to the reader, then you are in the prime position to "suggest" the purchase of an add-on to the existing product by simply offering it.

Example: You sell soap operas to the world and your eNewsletter delivers the most important thing a producer or network VP needs to consider your product. That is, viewer ratings and market share data. After you present the facts needed, then you can proceed with your POS offer. Would you like a customized presentation about the results and revenue projections of "They Only Live Young Once" in your country? Click here to contact...you see, pure POS.

2.
Service eNewsletter: As above, once the original reason for subscribing is satisfied, then you are at point where you can ask, offer or show why your services are something they need.

Example: You are a consultant that sells solutions that improve organizations, cut costs and add to the bottom line. You deliver an eNewsletter where you provide CEOs, VPs and upper management with advice and solutions to problems based on your experiences. You present your advice and then offer a tool to help solve that particular problem for free. If your advice is on target and the tool of use, you have just become someone the CEO wants to meet with. Again, satisfy the original need and then suggest the additional product or service. Click here to see a live example.

Back to the gas station example, give them gas and then suggest the car wash. They subscribe to your eNewsletter to get advice, help, and acquire information or updates. Once the need is satisfied, your company is placed in the position to suggest your service or product.

As always, we are here to help. If you are interested in starting or improving on your eNewsletter program contact us.
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Bottom Line:

If you give the readers what they want then you are in the perfect spot to offer them something new.




Marcos J. Menendez
President


Loop Consulting Group- creates eNewsletters that help our clients improve communications and increase sales.


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