Auction Information

Auction Sales - Keeping Customers You Worked So Hard To Get!


If you've studied business concepts you know that finding a customer can be the most expensive part of the sales process. Once you've got a customer why not maximize the money you've already invested in the effort?

This time honored business concept certainly falls under the category of going the extra mile for a customer. Assuming your product, customer service, packaging and shipping all work together to create a positive feedback posting, here are a few simple ideas companies have been utilizing for years to help them stand out from the crowd and maximize the return on sales dollars:

? A personalized thank you

? A drop in

? A thank you gift

Personalized Thank You

Every package you send to a customer should include a personalized thank you letter. Personalized means there is a salutary greeting such as "Dear Customer Name" and your personalized signature. Why personalized? Ever hear the old sales adage, "Don't sell the product - sell the person?" It's taught to sales professionals because it works. A friendly thank you note near the end of a good transaction (more on this later) reminds the buyer they are thought of as a person, not just another sale or number. A personalized touch in today's impersonal marketplace is very refreshing.

The body copy of the note or letter is certainly up you but should be as specific to the transaction as possible (if you also include a packing slip/invoice the letter can be a little more generic). The goal of the note is to let the customer know they, and the sale, are important to you. Here's a short example:

Dear (Customer Name):

I just wanted to personally thank you for your winning bid on our (product name), Item #11111111111, enclosed. Our customers are very important to us. We realize you have a choice in selecting who you buy from and we greatly appreciate your business - now and in future.

Sincerely,

(Your Signature)

Drop-ins and gifts

A drop-in or gift provide extra chances to say thank you, create customer loyalty, increase future sales, and maximize your return on the investment of finding your customers. As an example let's say you're selling pet supplies. For a few pennies each you can have refrigerator magnets printed like business cards that include your company name, email, eBay store, or website address. They can be as simple or complex as you can afford but only need to include something like:

Acme Pet Supplies (Your company name)

For All Your Pet's Needs (A marketing line is a good idea)

Your Website Address (Either a link to your website or auctions)

Other inexpensive drop-ins and gifts could be something as simple as a business card, a sales sheet listing all the product types you carry, a gift certificate (to be used on your e-commerce website) for a future purchase, or an offer for your free newsletter. If you're selling kitchen products you could include your favorite recipe, or if you're selling poker supplies - a print out of the best starting hands might be nice.

Closing the Sales Cycle

Do you remember my comment earlier when I mentioned "near the end of a good transaction"? If you consider sending the product (with a thank you note, drop-in or gift) the end of the sales process you are missing another great opportunity to increase sales and improve you customer relations. Don't consider the sales process completed until you send your valued customer one more email. About a week or ten days after shipping the product, send a follow-up email such as:

Dear Customer Name (again, make it as personal as possible):

Just wanted to follow up on our transaction and make sure everything went smoothly for you. We trust everything went well but if you had any problems please let us know. We are always looking for ways to improve our service and your input is very important to us. We will post positive feedback for you and hope you'll do the same for us. We look forward to doing business with you again in the future.

Thanks again,

Your Name

(Suggestion: To avoid spam filters, in the subject line of your email include the eBay or auction item name and number)

Are the efforts to include a note, a drop-in, a gift, and do follow-ups a little more work and expense? Of course, but with the aid of simple automation packages on your computer the follow-ups can be somewhat automated and the drop-in or gift will help you create a returning customer.

Copyright © Steven Woodward - All Rights Reserved

About the Author:

Steven Woodward is the owner, editor and publisher of the Auction Sellers Network (ASN); a web site for individuals and companies who are serious about utilizing the online auction marketplace for their business. In addition to topical articles, ASN provides an extensive resource center, news feeds, member forums and classified ads. For more information or to become a member visit http://www.AuctionSellersNetwork.com

No permission is needed to reproduce an unedited copy of this article as long the About the Author tag is left intact and included. We do request that we be informed where it is posted and reciprocal links will be considered.


MORE RESOURCES:

Business Recorder

Treasuries Decline on Greek Debt Talks, Three-Year Note Auction
BusinessWeek
“The market's trading a little heavy here,” said Anthony Cronin, a trader at Societe Generale SA in New York, one of the primary dealers that are required to bid at Treasury auctions. “There's concern that given the positive tone to the news in the ...
Treasury yields ease ahead of U.S. debt auctionMarketWatch
Treasury Auctions $32 Billion Worth Of Three-Year NotesNASDAQ
U.S. 10-Year Yields Reach 1-Week High on Greek Debt ProgressSan Francisco Chronicle
Bloomberg -Washington Post
all 163 news articles »


Ritchie Bros. to conduct first Tipton auction of 2012 the day after World Ag Expo
MarketWatch (press release)
Tipton auction site on Friday, February 17 Ritchie Bros. Auctioneers (nyse and tsx:RBA), the world's largest auctioneer of farm, construction and other equipment, will conduct an unreserved public auction at its Tipton, CA auction site on February 17, ...

and more »


Agriculture.com

Land rent auctions 'stunning'
Agriculture.com
The farm land broker and manager said it all started when he saw a copy of the sale bill from a series of farm land rent auctions held around Iowa between Thursday, February 2, and Saturday, February 4. It was the first time he'd seen such an auction, ...

and more »


Telegraph.co.uk

Green auction expected to raise millions for environment
Reuters
By Chris Michaud | NEW YORK (Reuters) - Bidders will be able to buy fine art, a vacation in the Maldives, or an internship with designer Donna Karan and help the planet at the same time in Christie's annual Green Auction, which is expected reap ...
Christie's Elizabeth Taylor auction boosts digital biddingTelegraph.co.uk

all 20 news articles »


MarketInvoice Completes Five Million Pounds of Auctions Within 12 Months of Launch
Sacramento Bee
By MarketInvoice Ltd Online auction platform MarketInvoice has completed over five million pounds worth of auctions to UK SMEs within a year of launch. With over 150 auctions to over 60 UK SMEs, MarketInvoice has helped many small businesses within the ...

and more »


Hindustan Times

Sahara open to negotiations as far as Pune Warriors is concerned
Times of India
Sahara India ended its 11-year-old financial ties with the BCCI and also pulled out of the IPL auction last weekend after it accused the Cricket Board of not giving due consideration to its genuine grievances. "If really needed I will not give a second ...
Open for talks on IPL but no sponsorship deal: Subroto RoyEconomic Times
I Hate You (Like I Love You). Subrata Roy and the BCCIForbes India (blog)
Shock before IPL auctions, Sahara dumps Pune, Team IndiaHindustan Times
TruthDive -Cricket Country
all 644 news articles »


Former Hungry Peddler restaurant set for auction
NewsOK.com
The auction starts Thursday at 10 am Everything in the building, including wall décor, a phone booth and an antique bar, will be sold and the structure will be razed. BY JENNIFER PALMER jpalmer@opubco.com Leave a comment The former Hungry Peddler, ...

and more »


Inside INdiana Business

Goodwill to manage state's unclaimed property auctions
nwitimes.com
INDIANAPOLIS | Unclaimed property turned over to the Indiana attorney general from forgotten safe deposit boxes and other sources can now be purchased through an online auction site run by Goodwill Industries. Items up for auction this week include ...
State auctions unclaimed itemsWISH

all 16 news articles »


Tattoo Auction Benefits Puppies in Montrose
The Daily Cortlandt
by Jessica Glenza (email) 14 hours ago MONTROSE, NY – Charity auctions can mean prohibitive admission fees or stuffy dress codes, but in a taboo-testing eBay auction, bidders will compete for eight hours of ink-on-skin artistry to benefit Recycled Paws ...

and more »


Moneycontrol.com

IPL-2 auctions rigged claims Lalit Modi
sportal.co.in
Former IPL chief Lalit Modi accused the Indian cricket board of rigging the 2009 auction in favour of N.Srinivasan-owned Chennai Super Kings. In an interview to CNN-INB, Modi said all rules were rested to get England cricket Andrew Flintoff to play for ...
The Flintoff deal explainedESPNcricinfo.com
I am an honest man and I don't seek publicity: SrinivasanTimes of India
Lalit Modi claims IPL 2 auctions were rigged to favour CSKCricket Country

all 46 news articles »

Google News

home | site map
© 2006