Transcript
A (0:00)
Just want to jump in here real quick and let you know that this podcast is exclusively presented by Thrive. Thrive is an amazing tool that small businesses, thousands of small businesses leverage to run their business in so many ways. And they have this incredible thing called Marketing Center. Now, if you're not familiar with Marketing center from Thrive, great news. For the start of the year, they're doing a special offer right here of a 25% off discount of their Thrive Marketing Center. This thing allows you to run all your ads, boost your online presence, understand all of your customer interactions, and if you want to check this out and get this discount, it is super easy. All you got to do is go to thrive.com that's t h r y v dot com wins. That's thrive th r y v dot com slash wins. And I'm telling you, your marketing is at the center of your business. It what, it's what drives your business. So check out Marketing center from Thrive today@thrive.com wins.
B (1:13)
Welcome to Small Business Quick Wins, presented by Thrive. This podcast is exclusively designed for small business leaders like you. Prepare to get invaluable insights from every episode, equipped with actionable tips made for immediate implementation in your business. Tune in as we feature firsthand lessons from fellow small business owners and thought leaders. I'm your host, Jay Schwedelson. Over the last 25 years, I've grown multiple small businesses that have generated over $300 million in revenue. Along the way, I've learned pitfalls to avoid and quick wins that can transform your business immediately. I'm excited to share it all. So if you're ready to win on Main street, let's dig into this episode.
A (1:59)
We are back for Small Business Quick Wins, presented by Thrive. One of the most common sayings on the planet, which is also kind of one of the cheesiest, but it's true, is you never get a second chance to make a first impression. And in the world of marketing, specifically email marketing, I don't know if there's a truer statement. What do I mean? The first email that you send to somebody after they became a customer and they gave you their information, after they went to your website and they filled out a form on your website and gave you their information, after they stopped by your trade show booth and gave you their information, whether you're marketing to business professionals or consumers, that first email you send to somebody will actually line up and dictate how and if you're able to communicate with that person moving forward. What do I mean by all that? Well, first off, forget about what you're sending. Let's talk about when you're sending it. If it takes longer than six hours, six hours for you to send that email after somebody gave you their information, the lifetime value of that contact for you to be able to communicate with them drops by over 200%. What does that exactly mean? Listen, you go ahead and you give somebody your email address, you fill out a form, and then it's crickets. You don't hear anything, Right? And then it takes a full day to get that response back. One of two things happens. Either one, you don't even remember doing the thing giving you the information, and you're not even looking for that email. And when it comes in, you don't open it because you don't even remember because you don't care. Or number two, you think that company doesn't have their act together because it took too long. We have an expectation, okay, all of us do. Consumers, business professionals, we have an expectation about communication and speed, that if we fill something out, we give our information, that we're going to get that kind of that confirmation back quickly. Ideally, it's within the first three hours. If you can get back to somebody within the first three hours of them giving you their information, the percentage increase in terms of the revenue and the dollars they spend with your organization, that goes up exponentially than if you don't now. Okay? So there's speed. We know we got to get to it fast. Now. Many of you probably have what we call an autoresponder set up. Somebody goes to your website, they fill out your form, they become a new customer, you send these automatic emails. What do they all say? They all say, thank you. Thank you for filling out the form. We'll be back with you soon. Thank you for signing up for our newsletter. You are confirmed you are sending that person a receipt on what it is that they did.
