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success - Turbo Coach, achieve breakthroughs - Brian Tracy

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Create a Powerful Marketing Plan<br />

161<br />

the end of his presentation, he urges anyone who is interested<br />

in a free portfolio analysis to fill out a brief form, which provides<br />

him with a list of prequalified prospects. His support<br />

staff follows up and sets up meetings between him and these<br />

potential customers. His closing ratio is one of the highest in<br />

the industry.<br />

Before blindly deciding on a marketing strategy that may<br />

prove to be both expensive and ineffective, take the time to<br />

fully understand your product, your price, your people, and<br />

your promotional options. This upfront investment of time<br />

and energy can save you countless dollars down the road. It<br />

will certainly form a foundation upon which to begin building<br />

a sound marketing strategy to aggressively grow your<br />

business in a cost-effective manner.<br />

Application Exercise<br />

Product<br />

1. Describe your primary product or service in terms of<br />

what it is.<br />

2. Describe your product or service in terms of what it<br />

does; the need(s) it fills; the pain(s) it alleviates; and<br />

the benefit(s) the customer enjoys.<br />

3. How might you modify your product or service to<br />

better fill your customers’ needs?

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