Finding Hidden Money In Your Business

Is your business unbalanced?  Are you constantly on the hunt for new customers to feed the hungry beast?  Or have you discovered the hidden treasure sitting right in your own back yard…

Every business has its own “Acre of Diamonds” in its own back yard.  Hidden money just waiting to be uncovered.  Money that should be flowing into your pockets if only you knew where to look.

So where is this treasure?  Simple – it’s your current and past clients.

How so? 

I can pretty much guarantee that you haven’t sold everything you can to your clients.  And the reason’s pretty simple.  Do your customers know about EVERYTHING that you can do for them?  You may think they do, but I’m willing to bet that they don’t.

Reminds me of a printer I know.  Had a client who ordered business cards for years.  One day the printer was dropping off some stock and noticed boxes from a rival.  Obviously he asked the client why he hadn’t been considered – and to his dismay found that the client had no idea he could have done the same job.  Cost him over $500,000 in a lost order.

And let me tell you what can happen when you do get back in contact.

But first a personal confession…  Barbara and I have been pretty slack the past three years or so.  We’d moved into a different circle and basically stopped contact with a lot of old clients.  Not because we didn’t like them, but life just got in the way.

Sure they get this newsletter – and sometimes even read it.  But it’s not the same as personal contact.

Having realised I was wasn’t walking the walk, I decided to start picking up the phone and connecting.  And the response was been very heartening.

People have been very glad to hear from me and in a couple of cases we’ve actually picked up some significant business.  Right place at the right time, but more importantly, a relationship built on trust and time.

So don’t just sit there – get on the phone and start connecting.

Rashid.


blog comments powered by Disqus
 
You are here: Home Articles Business Building Finding Hidden Money In Your Business