Business Week Video – How to Win Frugal Consumers and Influence Them to Buy

This Business Week Video on BusinessWeek.com is an interview with Paco Underhill. Paco Underhill discusses how consumers make buying choices and decisions; ther are a few good examples demonstrating how stores could better pay attention to their customers.In this video you will gain insight into shoppers’ behavior.

How to Win Frugal Consumers and Influence Them to Buy

The post, linked above, is a great article about consumer shopping habits. In today's tough economic times it is imperative to know, and understand why, your customers are, or are not, buying your services.

Here are three key elements I've expanding upon from the video and post:

  1. Make it easy for your customers to find you and your services. With slow times, it's a great time to update all of your marketing materials, especially your website and telephone systems.
  2. Once your customers have found you, make sure they can find the things they are looking for. Once on your website, is it easy for them to find the information they are looking for? If not, make it happen.
  3. Consumers have shaken confidence in the value of everything they are buying. Prices, both high and low, now more than ever seem disconnected from the services and goods. Gasoline is up $2 a gallon one month, down $2 a gallon the next? Items consumers bought today are priced 75%-85% less than six months ago? So, your customers are asking what really is the value of your services? If you've cut your prices so low in this recession, like the retailers who have marked down their merchandise by 85%, for example, how are you to convince your customers that you're actually worth more? If you kept your prices fairly steady, but your competitors cut everyone's throats, including their own, how do you convince your customers to retain you over the low-baller? With VALUE! It's high time to get back to business basics and sell the value of your professional land surveyor services.


Eric D. Colburn, PLS, "The Geo-Business Innovator", helps geo-professionals improve through innovative solutions, mastery of marketing and business growth strategies, and coaching/training. Eric is a successful, serial entrepreneur, podcaster, industry writer, product development consultant, and RI licensed professional land surveyor.

Posted in Associate Membership, Business, Business Videos, Land Surveying, Videos Tagged with: , , , ,
0 comments on “Business Week Video – How to Win Frugal Consumers and Influence Them to Buy
1 Pings/Trackbacks for "Business Week Video – How to Win Frugal Consumers and Influence Them to Buy"
  1. Business Week Video - How to Win Frugal Consumers and Influence ... | Email Marketing Tool says:

    […] Another fellow blogger placed an interesting blog post on Business Week Video – How to Win Frugal Consumers and Influence …Here’s a brief overviewBusiness, Productivity and Office. Surveying Equipment and Supplies. Free Newsletter. Email Newsletter icon, E-mail Newsletter icon, Email List icon, E- · Join our FREE Email Mailing List. For Email Marketing you can trust. Translate … […]