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Pricing

How to Handle Price Objections

February 27, 2018 By BMN

Price objections can take you off guard, especially when you thought the sale was closed. Find out the real reason customers sometimes think your prices are too high.

https://www.businessknowhow.com/marketing/dislikeprice.htm

This article was suggested by Trevor Payne

Tips for small business operators

October 31, 2017 By BMN

Tips for small business operators: See your business through the eyes and ears of your customers.

Here is a check list:

Telephone manner :

Do you and your staff answer the phone in a friendly, well-spoken manner, with a voice-smile, giving your name and sounding attentive?

Face-to-face manner :

Do you and your staff appear friendly, smiling, attentive, sincere, speaking in a well-spoken way and with a neat clothing appearance?

Store/shop:

Is the area in which you deal with customers faultlessly clean, with zero clutter, neat displays, and clear signage?

Telephone service:

Do you and your staff answer the phone within 3 or 4 rings whenever possible?

Face-to-face service:

Do you have procedures in place to give preference to a customer in person instead of an anonymous ringing telephone?

Impressions:

Does your customer leave with a smile and a sense of confidence in your business?

Greeting:

Do you recognise and greet returning and regular customers?

Promises:

Will you deliver on your promises? Ahead of time?

Pricing:

Will your customer feel they are getting value for money? Reaction to overcharging is often silent and unforgiving. Have you researched your competitors’ pricing?

Professionalism:

Are your customers handled too casually? Customers react positively to smoothness and professionalism in how their transaction is handled.

Complaints:

Do you handle customer complaints in a way that keeps the customer coming back? All businesses occasionally annoy a customer – handled well, quickly and with sincerity, the customer will appreciate it and should remain loyal.

Price changes:

Do you give advanced warning of price increases? – it is usually appreciated.

Self assessment:

Have you walked in the footsteps of your typical customer as they engage with your business – either literally or in an imaginary sense? It would be unusual not to spot at least one issue that should be improved.

Have you been able to give yourself a tick for each tip? If not, attend to the issues – which may involve setting changes and standards for staff – and re-evaluate as soon as practicable.

This article was suggested by our mentor Stephen Seward

How to Save Your Business When It's Failing

October 10, 2017 By Trevor Payne

Is your business struggling? Are you losing customers or money and don’t know how to plug the hole? Here are three things to look at when your business is failing.

https://www.businessknowhow.com/manage/savebusiness.htm

This article was suggested by our mentor Trevor Payne

10 ways to grow your business by 10% (or 20% or 50%) in 12 months

August 29, 2017 By BMN

If your business is not green and growing then it’s ripe and rotting, says serial entrepreneur Creel Price. The following article describes his 10 tips on how to grow your business: http://www.smh.com.au/small-business/managing/10-ways-to-grow-your-business-by-10-or-20-or-50-in-12-months-20120523-1z687.html

This article was suggested by our mentor John Spence-Thomas

How to price

June 20, 2017 By BMN

Pricing seems simple, but there’s a bit of an art to getting it right. The following article takes a look at different ways to price, a few strategies to use, and why you might want to avoid charging everyone the same price: http://www.seobook.com/pricing

This article was suggested by our mentor John Spence-Thomas

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