Stop Giving Customers Free Milk- Guest Blogger Desirée Grace
Something about free milk and a cow… My midwestern roots are showing, but every time I see services or add-ons given away, I think about the expression, which implies that you are giving something of value away without getting anything in return, like a commitment or improved partnership. New salespeople, people pleasers, call them what you like, but they need to correct a colossal mistake. You should not be afraid to charge for extras. MAYBE you don’t charge if it’s your very best customers, as they have continuous growth, mutual sales and marketing plans, and a demonstrated commitment to your partnership. But for the rest of the herd? Absolutely not! Let’s look at some examples where those freebies are cutting into your profits, and what you can do about it. Late night or weekend delivery? You are paying a premium for your delivery service or your delivery person’s overtime. So, charge a service fee. Expedited delivery? You have the inventory in stock, at the right price, ...