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Bottom Line Big Audio

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You have to establish your credibility in the eyes of your potential customer for a successful sale (via person, a sales letter, ad, website, etc.). There are a number of ways to show people that what you say is true and solid.



Out of all of the following suggestions, you can take the ones that you feel can work for you, and put a lot of emphasis on them in your marketing material.

1) Customer and client lists: An excellent way to demonstrate to potential clients how long you've been in business, and how many clients you've served over that period of time. This has to been done carefully because you don't want to infringe on the privacy rights of your customers (so it's wise to ask permission to print their name on your customer list).

2) Length of time in business: Show people you are for REAL, not a fly-by-night, come-and-go business type. Obviously the longer you've been in business, the better. I'm sure you've often seen signs on storefronts saying "Established 1867" or some equivalent. Would you feel more comfortable buying from a well-established business? Probably. They're trying to show you their longstanding business solidity.

3) Past credentials, qualifications, and experience: They establish you as a person who is qualified to discuss with people whatever topic is on hand. For example, what more credibility could come from a person trying to sell you a tennis racket as someone who has won the Wimbledon twice and the U.S. Tennis Open three time times? There's no question in your mind that this person knows what he's talking about when it comes to his product. Or a real estate agent who happens to be an experienced contractor- you'll believe what he says when it comes to houses and what you're getting for your money.

4) Financial references: Commonly used to show people how successful you are in what you do. The number says it all. If you went to a eyeglass store, and there was a sign in there telling you that this little store did $800,000 of business last year, you'd probably think that this store is doing something right in their business. Your logic will tell you that whatever they say you'll believe.

5) A count of the regions/cities/countries that your business serves: What would seem bigger in your eyes- a local vacuum cleaner store selling in a small town or a vacuum cleaner store that services 7 provinces and 3 other countries as well? These numbers can help your credibility.

6) The number of customers served: You can use the now-famous technique that MacDonalds uses- I once passed by one franchise and I saw that MacDonalds now has a tally of 99 BILLION customers served!! The number of customers you have of course ties in with the longevity and reliability of your business.

7) Show someone how good your product is: Show them! Sometimes with products you can do a physical demonstration or a video that displays the actual features and benefits of the products. A video is a great way to show people what your product can do, such as a vacuum cleaner sucking up all the junk from your carpet (if you sell vacuum cleaners!). If you sell knives, do a demo of how well your knife cuts through plastic or some fruit or vegetable. And so on.

8) Testimonials: They've been proven beyond doubt as a surefire way to establish credibility of your product or services. Let someone else speak for you! Testimonials come in many forms. Written testimonials can be published. Video or audio testimonials can be played. Photographic testimonials (e.g. If you had numerous photos of you standing beside satisfied customers, that is a great way to show people that you have customers and they believe in you). When you allow other people to speak for you about your product or service, the credibility is always increased by at least a few points.

9) "Story books": A less common, but just as powerful, form of credibility-booster that tell the story of your customer, how they began, how your product or service came into the picture, and how your customer's problems were solved or desired satisfied. The level of detail in the story allows it to rise above the normal 3-sentence testimonial in terms of credibility.

10) Another less common form of testimonial (and very much underused for this reason) are toll-free 800 "eavesdrop lines" to hear which clients and customers have called in and what they say about your product or service.

11) And finally, many of the mediums above- writings, audio, and video- for all the different types of credibility boosters can be put online in websites and email attachments.

Your customers will definitely be ready to listen to you and eventually buy (or hire) from you, but only once you've established your "reputation" - which is your credibility.
Bottom Line Big Audio
Foreign investors are once again queuing up to pour money into India’s red hot property market, with the government relaxing some of the norms. At least half-a-dozen deals worth $1billion are being finalised by Citigroup, Deutsche Bank, The Carlyle Group and Blackstone, among others, with unlisted real estate companies, as pre-initial public offering (IPO) placement.

A clarification issued by the department of industrial policy & promotion (DIPP), under the ministry of commerce and industry, has cleared the air for investments by foreign institutional investors (FIIs), foreign venture capital funds (VCFs) and private equity players.

FII investments in companies pre-IPO will be treated as foreign direct investment (FDI), as per the clarification, and the investment will have to be channelled for FDI-compliant greenfield projects only.

This has settled the differences arising from views aired by the finance and commerce ministries, and financial sector regulators. Now foreign investors will have to wait three years before exiting the company completely. DIPP has clarified that the investor will have to lock in a minimum of $5 million, in case of a joint venture with an Indian real estate player, or $10 million, in case of a wholly-owned subsidiary of a foreign investor.

The existing rules for foreign investors regarding the lock-in period is applicable for real estate sector as well. Hence, investments by FIIs, foreign VCFs and PE investors will have a minimum lock-in period of one year, if the investment occurred during the preceding 12 months before the IPO date.

This has paved way for a large number of foreign investments at the entity level. This is a complete departure from the past, when equity investments used to be all project-specific. Industry officials said leading property players are sewing up equity deals at the entity level, with greater clarity in foreign investments in the sector.

A majority of real estate companies planning an IPO are currently in talks with foreign investors. The leading players planning an IPO are Hiranandanis, Lodha Developers, Runwal group, Kolte Patil Developers and Paranjpe Schemes (Construction). “There used to be some kind of confusion in the market as far as FIIs’ pre-IPO investments in real estate companies are concerned.

With the clarification issued by the government, foreign VCFs and PE funds can now invest in the real estate firms with a lock-in period of minimum one year. It will definitely boost investments in the sector," said Akhil Hirani, managing partner of Majmudar & Co.

According to investment bankers, the change in rules would pre-empt any further speculation in the real estate market, and that FIIs would not be allowed to cash in immediately in the IPO.

Earlier, DIPP and the stock market regulator Sebi were not in favour of a lock-in period and had instead suggested pre-IPO placements by FIIs be considered as portfolio investments. However, the recommendation was not accepted by the finance ministry, which, in turn, asked Sebi to put in place the lock-in on FII investments in real estate.

Leading real estate players, eager to cash in on investors’ appetite for realty stocks, were seeking FDI status for their pre-offer placement since many of their existing projects were not meeting the tough FDI norms. For instance, a project needs to be at least 25 acres to be notified FDI-compliant.

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About Author
Both Joseph Browns & Properties Mls are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Joseph Browns has sinced written about articles on various topics from Business Cards. Joseph Browns is a freelance copywriter who specializes in both online and offline marketing strategies. If you wish to learn more about how you can get more customers, please check out his free report at. Joseph Browns's top article generates over 1000 views. to your Favourites.

Properties Mls has sinced written about articles on various topics from Health, Finances and Mortgage. For more information on Real Estate Agents, MLS visit Source:. Properties Mls's top article generates over 1220000 views. to your Favourites.
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