Reinvigorating the Business Dream

Learn about business and how to boost profits...

Suspects vs. Prospects

Suspects vs. Prospects

November 13, 20232 min read

Suspects vs. Prospects

Today, I want to share a marketing model I picked up years ago that I still find useful.

This model is called the Ladder of Loyalty.

The purpose here is to get D-grade or deadwood people from your target market to C-grade, to B-grade, and all the way to an A-grade.

Suspects vs. Prospects

Simply put, we want to help transition our audience from being difficult to work with, to clients who would rave about our business to anyone. And this can only happen by allowing them to climb the ladder of loyalty

Now, there are distinct steps to take here to turn your target market into A-grade clients. To start, you need to identify suspects. No, I’m not talking about those that are possibly criminals. Rather, your suspect customers are people who are in your target market, but you don’t know if they want to do business with you yet. You just know who they are—you’ve identified them.

For example, if you’re running a recruitment business, your suspect list is filled with either employers looking to hire or job seekers. Once you find these suspects, you need to turn them into prospects.

What’s the difference?

Suspect is a name—it’s nothing but a name. But a prospect is someone who has some sort of interest in your business.

In other words, prospects are those who have stuck their hand up, wanting to know more. You can find them by sifting through your suspect list. Just look for those who have engaged with your brand. It’s really as simple as that.

Then, of course, once you’ve identified your prospects, you turn them into paying customers—and more. But that is basically how the Ladder of Loyalty model works.

So, the only question left now is, have you identified your suspect list yet?

Back to Blog

Client Success...

Machines4U grows 600% in 2 years!

How DDB Design and Construct doubled their business while taking more holidays

How Joel restarted his business after it came to a grinding halt

© Copyright | Outcomes Business Group | All Rights Reserved | Website Terms and Conditions of Use