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In this issue:
Successful Lawn Business Strategies Newsletter
Helping ordinary people create extraordinary wealth and freedom with lawn care.

Issue #50

 

Editorial: Got Any "Lawn Bucks"?
By Daniel Pepper

"The best of us must sometimes eat our words."
(From Harry Potter and the Chamber of Secrets)

— J. K. Rowling: British fantasy author

 

 

Does the sound of prepayment intrigue you? Can it work in the lawn care industry? Well I have some powerful facts that might just challenge you.

Did you know that as of present day, 1 out of 5 gift card recipients have not used the cards? That means there are approximately $975 million in unredeemed dollars. That's close to $1 billion. "Wow!" would be an understatement.

About 25%, or 1 out of 4, whichever representation of this stat you prefer, have not used their cards due to the card getting lost or expiring. 50%, or 1 out of every 2 people with a gift card, have not redeemed them because they haven't found the time.

This is what is termed “breakage”. There are numerous lawn businesses profiting from it and some even rely on it in different ways.

We've all seen it. Exchanging real dollars for say "lawn bucks" or something along these lines. Though they may say $25 or $50 lawn bucks it only costs about 2.5 cents to print. Each one that goes home unredeemed or forgotten provides big profit margin.

But before you go running to print up some lawn dollars, there is another side to this story you need to know. The non-redemption of gift cards has to be approached carefully.

You see, the sale of the 2.5 cent lawn buck printed on a piece of paper or 50 cent lawn buck plastic card(for the more professional look) that are for $25, $50 or $100 are obviously very profitable.

But the problem is this. Most of the time when lawn buck cards are redeemed, more money is spent for that lawn service visit and the lawn care business has a fresh opportunity to capture or re-capture that customer’s interest and motivate them to turn into repeat business, so there may be a lot lost than gained from non-redemption. In other words, you may not want people to forget about spending their lawn bucks because, as you know, having the opportunity to turn them into long term customers can be even more profitable.

Think about this idea of prepaid lawn care services. Can you offer prepaid services to your lawn care customers? Will you use a card or printed certificate? What will you do about expiry dates? Will they expire over time or not at all? Lastly, will you try to enjoy non-redemption or will you try and get every lawn buck redeemed?

Keep this interesting idea in mind too. This can also be a form of free financing. Delayed redemption can give you the equivalent of interest free cash to build your lawn business. The non-redemption could possibly turn about $0.50 worth of paper into $50, $100, $200 or more.

This is a very strategic lawn business idea that must be executed precisely. Mortgaging your future lawn care business revenues to pay for current costs is a very tricky business. Do your due diligence.

In the right circumstances, done accurately, this can be a breakthrough for your business growth.

Until next time...

 

 

 

 

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Tech Corner

Tech Corner

TODAY'S TOPIC: Best Music Player When Working Outdoors

 

Browse the best outdoor music players right now.

 

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The Ultimate Lawn Care Business Formula Excerpt:

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Chapter 19: Masterful Marketing

 

 

Marketing your lawn business is everything you do to promote your business, from the moment you create it, to the point at which customers purchase your mowing service on a regular basis. The key words to make a note of are: ‘everything’ and ‘regular basis’.

This is by far the biggest chapter in the Ultimate Lawn Care Business Formula. And for right reason. It contains some of the most important tips and tricks of becoming successful with a mowing business. After all, if you can’t attract prospects to your business and turn them into customers, you and your equipment will do nothing but sit around.

But let me give you some simple marketing wisdom that you must keep in mind before diving into the rest of this rich subject.

Start Where You Are

I believe masterful marketing will separate you from the pack. No matter what your budget or experience, you can bring an edge to what you do.

I am talking about something as simple, as...

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Pick up your Hard Copy or Instant Download (with 5 Free Bonuses) RISK-FREE today!

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Meet a real person making money with The Formula!

"Best course I got. Grew my business by 125%. I am now the biggest lawn business in my town and my competition is really out to lunch. Your strategies have helped me get on top and stay there."

Thomas "JR" Burns (ALABAMA)

 

Resource Review:

Jay Abraham

Marketing wiz Jay Abraham provides some powerful strategies for boosting your career or business in Getting Everything You Can Out of All You've Got. Abraham believes that anyone can advance in life by tapping into hidden assets and developing the right mindset. He writes, "You are surrounded by simple, obvious solutions that can dramatically increase your income, power, influence and success. The problem is, you just don't see them." Over the course of 21 chapters, he shows how to get ahead by treating bosses and clients as valued friends; find better and more exciting ways of doing things; develop "unique selling propositions"; persuade people to follow your lead; master the art of selling on the telephone; craft a formal referral system; sell on the Internet; and forge strong, established business relationships. Abraham's central theme is that everyone is in sales. In almost any profession, people must be skilled at selling themselves and their ideas, not just their company's product or service. Engagingly written, the book features more than 200 examples of people and companies who have successfully used these techniques, from Bill Gates and Dennis Rodman to Sharper Image and Federal Express

Getting Everything You Can Out Of All You've Got

"Jay's book packs 3 punches. It's an insightful explanation of how to increase your personal life, increase your business, and of course, a boatload of useful marketing tips you can add to your lawn business." 

 
 

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I want to learn about partnering with Successful Lawn Business Strategies

 

 

 

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Blaine, WA
98230

How To Start Your Lawn Care Business

 

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