5 Steps to Money-Making Bridal Leads

Question of the Week: How Do I Figure Out Which Source of Leads Is Profitable?

Brides

Question:

Hi Stephanie,

The biggest frustration is figuring out which source of leads would be
profitable.

Nancy

Answer:

That is a challenge!

You ask how can you figure out which source of leads would be profitable, meaning when you haven’t tried the particular bridal lead source yet.  Unfortunately, there isn’t a way to guarantee any particular source of leads will make you money until you try it out.

Every wedding business is different and not all leads are created equal.  You might get a lot of leads from a particular source, but they might not be profitable for you because those leads are not your target market.  For example, you work with creative, artistic brides and the bridal leads you’re getting are for practical, pared down brides who aren’t interested in your services.

But you can minimize the loss and maximize your chance of making a profit by taking these actions before making the investment of time and/or money in that lead source.

1)  Do your homework first.

Find out everything you can about that particular source of leads.

  • Where do these leads come from?
  • How are they collected?
  • Have they specifically requested information from you or is a generic list?
  • What demographic are these leads?  Are they local?  What is the average wedding budget of these leads?
  • If it’s a website, how many unique visitors does it get per month?  How many page views?
  • If it’s a bridal show, where and how often do they advertise?
  • Can they give you references to contact?

Ask your friends about their experience with the lead source.  Search the internet for reviews or negative comments. 

Don’t simply listen to the sales pitch; do a little digging to see if this makes lead source is likely to work for you.  If it passes your homework test, move on to step two…

2) Test small before you invest big.

Many types of bridal advertising may offer a monthly trial or no commitment listing to test it out.  If you’re considering a more expensive campaign, you may be able to test those ads on Facebook before you pay the big bucks for a print ad.

Whenever you try something new, test it out small before rolling it out big.  This way you can minimize your expenses if it doesn’t work out.  If it’s profitable, you can always double down later on.

3) Track and test meticulously.

There is no way to identify which source of leads would is profitable unless you know specifically where each and every lead is coming from.

  • Use Google Analytics on your website to track where your website traffic comes from and prove which online advertising is working for you. 
  • Set up a tracking system for your offline advertising and make sure you ask every single lead how they found you.
  • Once you have your stats, you’ll know what’s working and you can experiment and test to figure out how to make it work better.

4) Evaluate your lead sources regularly to determine where your best money-making leads come from; invest more in what’s already working and ditch what isn’t.

At least once every three months, analyze your lead tracking and see where your best leads are coming from.  Keep a close eye on your sources of website traffic, phone calls and referrals.

Your best chance of a profitable marketing investment is to spend money on what’s already proven to work.

5) Test, test and test again!

Before you dump a source of advertising, figure out which link in your sales chain is broken.  An ineffective ad on a bridal website that gets thousands of bride visitors per day won’t make you any money because brides don’t click on it.

If you can, switch your ads or try something new.  When you find something that works, make small changes to see if you can get it to work better.

Nancy, you’re smart to focus on getting more profitable leads and not just getting of them.  Keep up the great work!

Got a wedding business question you want answered?  Email Stephanie & Jeff and you could be the next Question of the Week!  All personal details about your identity will be removed unless you specify otherwise.


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How Can I Get Leads When I’m New to the Wedding Business?

Brides

We all start off brand new. No experience, no reputation, no referrals.

If you’ve got a new wedding business and don’t know where to start getting leads, here’s what to do:

   1.    Do your homework first.

Use The Wedding Report to find out the real stats about your local wedding market: how many weddings, the average price for your services, average wedding budget. This is vital information you’ll need to figure out what to charge and if there is enough demand in the market to support your new business in the first place.

Spend some time online in the bride local chat rooms of the Knot  and visit the Top 100 Wedding Blogs. What are brides looking for in your service that they can’t find? Look for an unmet need you can meet.

Scope out your competitors online. You’ll need to be different to get business. If you can find a need in your market that isn’t being met, you’ll have an instant edge over your competitors.

   2.    Find a mentor.

The fastest way to get referrals, jump start your business and starting making money is to get a mentor behind you.

Use the Power Lunch strategy to pull this off, just like we did. Identify 5 respected wedding professionals in your local area. Ask friends for recommendations of super nice people because a personalized introduction is a great way to start the relationship. Someone who isn’t a direct competitor will be easiest, but don’t rule out someone who already does what you want to do, especially if you have a connection with them.

Call them up. Tell them that you admire their work (be sincere!) and that you’re just starting out. Ask if you can take them to lunch to get their advice and help for your business.

Not everyone will respond, but you’re just looking for one person to teach you their secrets, give you advice and eventually send you referrals.

  3.     Make friends in the wedding business. Lots of them!

Identify the local wedding associations in your area and join them. Industry groups like ABC, NACE or the ADJA  often have local chapters.

Make it your goal to meet three new people at each networking meeting. Find a way you can help them and you’ll be come fast friends. It’s a quick way to get your first referrals.

   4.    Follow up with everyone you meet.

When you meet someone, especially if they work in the wedding industry, take their card. Jot down a note about your conversation on the back.

Send them an “Unforgettable Postcard” with a personal note mentioning your conversation. The Unforgettable Postcard has a friendly, smiling photo of you on the front and your business information and a blank space for a note on the back.

Send this postcard to everyone after each meeting. If you stay consistent, people will remember you and the referrals will start coming. It’s the best cheap marketing you can do!

   5.    Use your inexperience as an asset.

One of the trickiest questions to answer when you’re just starting out is, “How many weddings have you done?”

Eeek. You don’t want to lie, but who wants to be your very first wedding?

First, don’t tell them you haven’t done any weddings unless they ask. If they do ask, use your inexperience as an asset.

Explain any related experience and work references you have and then say, “We can offer you an extreme discount because we’re still building our portfolio. We’re just starting out, so we work even harder to make sure you’re happy!”

Practice your answer to this question until it’s smooth and natural. That way you can relax during your meetings.

   6.    Advertise at a bridal show.

A bridal show is the best place to meet brides and network with other vendors. You’ll be available for popular dates your competitors have already booked, so your investment will be paid for in no time.

Ask the wedding vendor friends you’ve made to recommend the best bridal show in the area. Do your research about how many brides attend, the information that’s provided afterward, and attend as a guest first so that you’ll know what to expect.

Arrive early for the show and bring munchies to share so that you can make friends with all the vendors. (This tip comes from Meghan Ely of OFD Consulting.) You’ll make tons of vendor friends if you bring along Dunkin Donuts munchkins or other goodies!

   7.    Spend your advertising bucks on Facebook.

Don’t spend your precious advertising dollars on expensive magazine or print advertising right away. You need flexible, easy to change advertising that will maximize your limited budget.

Facebook lets you target your audience down to their location, relationship status (you’ll want “engaged” or “in a relationship”) and even their likes and the Facebook groups they’re a member of.

You won’t pay unless they click on your ad and you can set a limit for your daily ad budget that’s comfortable for you. Ease of changing your ad and testing out different headlines and pictures makes Facebook the best beginner advertising investment.

   8.    Start a blog and write at least once a week.

Having a blog on your website is absolutely essential to capturing FREE “organic” search traffic, those are the people out there searching for someone like you who haven’t heard of you yet…which is pretty much everyone when you’re brand new.

Make sure you use the names of local cities, towns, regions and venues in your posts. This will help more people find you and you’ll see your traffic increase over time.

As a new wedding business, you bring passion and enthusiasm that the old timers just don’t have, and your clients will respond to it. Make friends, meet the brides, and your business will be off to a great start!

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Top Wedding Vendor Questions

These are the most Frequently Asked Questions of wedding vendors and blog posts that offer tips and strategies to answer them.

We’ll be adding to this list as we go, so if you have a question you’d like us to answer, please leave a comment and we’ll get to it as soon as we can. Thanks!

  1. How Do I Deal with Price Shoppers?

  2. How Do I Educate Customers About My Value?

  3. How Can I Convince Brides About My Value Immediately?

  4. How Do I Get More Leads for my Wedding Business?

  5. What is the Best Way to Beat the Competition?

  6. How Do I Find Time To Do Everything For My Wedding Business?

  7. How Do I Get Everything Done for My Wedding Business?

  8. How Can I Get Leads When I’m New to the Wedding Business?

  9. What Should I Do With That Bridal Show Lead List?

  10. How Do I Get Brides To Open My Email?

  11. What is the Best Way to Get My Name Out at a Reasonable Cost?

  12. How Much Should I Charge?

  13. How Can I Attract High End Brides?

  14. What Should I Name My Wedding Business?

 

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Twitter Do’s and Don’ts When Your Followers are Brides

Twitter_on_Phone

Having a Twitter account is a great way to keep up with your network, as well as build a solid list of leads. The short amount of space allowed keeps everything feeling personal, and promotes a feeling of relationship between those Tweeting.

As cool as all that is, there are lines that you shouldn’t cross when Tweeting and you have brides following you. Don’t be unprofessional, or let out your frustration about a wedding you are currently doing. The easiest way to remind yourself to keep if professional is to simply have a separate Twitter account for your wedding business and your personal network.

So, what do you need to make sure you are Tweeting? Basically you want to tweet out information that your network will find helpful like links to your blog, advice and vendors that you love. Sharon Hill: “The Wedding Planner Mentor” shares more awesome do’s and don’ts for Twitter on her blog, so make sure to check it out!

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