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Four Tips On How To Turn Engagement into Sales

Here are four tips on how your company can turn customer engagement into sales. Four tips on how to turn engagement into sales.

Published

4 years ago

August 21, 2020

TwinzTech

Sales and marketing are two essential departments in a successful business, perhaps even the most crucial – put, without a high level of customer engagement, there will be no sales. However, it’s essential to find a balance between push marketing and pull marketing.

Most customers do not respond positively to hard sales techniques, preferring instead an approachable company with whom they can engage. How can you then convert this interaction into sales? Here are four tips on how your company can turn customer engagement into sales.

Table of Contents

1. Exclusive sales and discounts

One method of converting engagement into sales is to offer exclusive deals and discounts to members of your mailing list or subscribers, or followers on your various social media platforms. This creates a feeling of exclusivity for customers, as they are given additional perks that non-subscribers do not get.

Additionally, posting on your social media accounts whenever you have exclusive sales and discounts will help your company gain more subscribers, usually keen to receive a refund. However, if your company has a first-time subscriber discount, make sure that this is only compatible with the first purchase from an email account; otherwise, you might find that buyers continuously subscribe and unsubscribe to get the discount.

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2. Produce engaging content

To keep buyers subscribed to your mailing list and social media sites, it’s essential to offer them engaging content beyond exclusive sales and discounts. This content should be relevant to the platform on which it is being posted.

For instance, a monthly newsletter consisting of behind-the-scenes updates, aesthetically pleasing Instagram posts, and exciting and thought-provoking blog posts.

By producing engaging content rather than a constant stream of promotional materials (which customers can find annoying), customers will see your company as approachable and exciting, and therefore be more likely to want to buy your products.

3. Employ engagement analytics

To maximize your marketing strategies’ success, you must analyze the outcomes of your campaigns. Doing this will enable you to see what was successful in driving sales, and what could be improved upon in future campaigns. Using engagement analytics will enable your company to view engagement activity across all campaigns easily and, therefore, drive sales follow-ups.

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Additionally, as the data is frequently updated, you will be able to assess the immediate success of any marketing campaign, enabling you to adjust your strategy accordingly to ensure that your campaigns are maximized for success.

4. Research your customer base

Another way of maximizing your marketing is to ensure that you know as much about your customer base. Data shows that different demographics use different social media platforms, and as such, will respond differently to different types of marketing campaigns.

As well as analyzing engagement data from your company’s social media sites, you could carry out a yearly questionnaire to find out more about your customer base and your customers’ activities and behavior.

Business

Navigating the Process of Selling Deceased Estate Shares

This article aims to provide a comprehensive guide to selling shares from a deceased estate. Process of Selling Deceased Estate Shares.

Published

1 week ago

May 9, 2024

TwinzTech

Navigating the Process of Selling Deceased Estate Shares

Table of Contents

1. Understanding the Basics of Selling Deceased Estate Shares

Dealing with a deceased estate can be a challenging and emotional process, especially when it comes to handling financial assets like shares. This article aims to provide a comprehensive guide to selling shares from a deceased estate.

2. What are Deceased Estate Shares?

Deceased estate shares refer to the stocks and shares that were owned by an individual who has passed away. These shares become part of the deceased’s estate and are subject to the terms of their will or estate plan.

3. The Importance of Valuing the Shares

The first step in selling deceased estate shares is to obtain a current valuation. This valuation is crucial for several reasons: it helps in distributing the estate among beneficiaries, it may be necessary for tax purposes, and it gives an idea of the market value of the shares.

4. Legal Requirements and Executor Responsibilities

The executor of the estate plays a pivotal role in the management and distribution of the deceased’s assets. This section will cover the legal responsibilities and steps the executor needs to take to lawfully sell the shares.

5. Obtaining Probate

Before any action can be taken with the shares, it’s often necessary to obtain probate. Probate is a legal process that confirms the executor’s authority to deal with the deceased’s assets.

Transferring Shares into the Executor’s Name

Once probate is granted, shares may need to be transferred into the name of the executor. This process varies depending on the company and the type of shares.

6. The Process of Selling Shares

After completing legal formalities, the executor can proceed with selling the shares. This section will outline the steps involved in this process, including choosing a brokerage or financial service, understanding market conditions, and making informed decisions.

Deciding on the Right Time to Sell

Timing can significantly impact the returns from selling shares. Executors need to consider market conditions and financial advice to determine the best time to sell.

Completing the Sale

This subsection will detail the actual process of selling shares, including placing orders, handling transaction fees, and ensuring all regulatory requirements are met.

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7. Navigating Tax Implications and Reporting

Managing tax obligations is a critical aspect of selling deceased estate shares. This section will explain the potential tax implications and the importance of accurate reporting for both capital gains tax and inheritance tax considerations.

Understanding Capital Gains Tax Responsibilities

When shares are sold, any profit made from the time of the deceased’s passing to the sale date may be subject to capital gains tax. Executors need to be aware of these implications and plan accordingly.

Inheritance Tax Considerations

In some jurisdictions, the value of the deceased estate’s shares might impact inheritance tax calculations. It’s essential for executors to understand these aspects in order to ensure compliance with tax laws.

8. Common Challenges and How to Overcome Them

Selling deceased estate shares can present unique challenges. This section will discuss common issues such as disputed wills, fragmented information about the shares, and market volatility.

Dealing with Disputed Wills and Beneficiary Disagreements

Disputes over the will or disagreements among beneficiaries can complicate the process. Executors must handle these situations delicately and legally.

Managing Market Volatility

Shares can be subject to market fluctuations. Executors should be prepared for this volatility and may need to consult financial advisors to navigate these waters effectively.

9. Tips for Executors Handling Deceased Estate Shares

This section will provide practical advice for executors, including the importance of seeking professional advice, keeping thorough records, and communicating clearly with beneficiaries.

Seeking Professional Financial and Legal Advice

The complexity of selling shares from a deceased estate often necessitates professional advice. This can range from legal counsel to financial advisory services.

Record Keeping and Communication with Beneficiaries

Maintaining transparent and thorough records is crucial. Executors should also prioritize clear and consistent communication with all beneficiaries to avoid misunderstandings.

Conclusion

Selling shares from a deceased estate is a responsibility that requires careful attention to legal, financial, and interpersonal dynamics. By understanding the process, staying informed about tax obligations, and tackling challenges head-on, executors can fulfill their duties effectively and respectfully.