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Creditormate

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What to do next:

  1. Review your plan (scroll down)
  2. Save this link (For your records)
  3. Execute it (start with ONE section)

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Before
(Prospect)

1. My Target Market

Primary Target Market Summary

  • Creditormate seeks male business owners in the recruitment or labour-hire industry dealing with overdue invoices. They value trust, relationships, and ethical practices over pure profitability.

Audience Type

  • B2B
  • Recruitment agencies with 1-10 employees

Industries (if B2B)

  • Labour-hire industry
  • Recruitment industry

Needs – Primary Buying Considerations

  • Effective recovery of overdue payments
  • No-risk solutions (no win, no fee approach)
  • Confidence in successful legal disputes

Demographics

  • Age Range: Around 35
  • Gender: Male
  • Geography: Australia
  • Income Level: Businesses generating a gross income of 300k+ annually
  • Profession: Business Owners
  • Business Size: 1-10 employees

Psychographics

  • Lifestyle: Busy, managing a small team and multiple client demands
  • What they value: Trust, business relationships, ethical practices, and financial stability
  • Pain Points: Unpaid invoices, solving financial disputes, and limited time or resources to manage these issues
  • Buying Behavior: Likely to factor in the value of relations and trustworthiness, possibly preferring phone consultations over digital interactions
  • Decision-Making Roles:
  • Primary Decision Maker: The business owner
  • Secondary Decision Influencers: N/A
  • Support Roles: N/A

2. My Message to My Target Audience

Refined Elevator Pitch

  • Creditormate recovers owed funds for recruitment agencies and labourhire companies, alleviating the stress and time of tracking overdue invoices. Our 'Payment for Placement' service ensures you get paid – if we don’t succeed, we bear the costs all the way to court.

Understanding Their Pain Points

  • Chasing overdue invoices drains time and resources
  • Agencies are occupied with recruitment, not debt collection
  • Current methods are insufficient, leaving funds unrecovered

Transformation

  • Swift recovery of funds, increasing overall profits
  • Liberation from the burden of debt collection, freeing time for recruitment likely to pain point in the transformation, not separately
  • Improved cash flow and reduced stress due to smoother recruitment process

Unique Selling Proposition (USP)

  • Risk-free service -- if we don’t win, you don’t pay
  • Full legal representation, even offering free court proceedings
  • Unmatched approach – if we fail at first, we take the case to court at no charge.

Brand Values & One-Liners

  • Payment for Placement: Recovery you can count on
  • The Recruiter's Debt Collector: Your partnership in money retrieval
  • Relational, Reliable, Ethical debt collection: Trust us with your funds

Tone

  • Creditormate projects a tone of reliability, assurance, and ethical standards. We speak to our clients as partners, understanding their business needs and executing our services with professionalism and dedication.

Hero Text Idea

  • Flag Text: Australia's Trusted Recovery Experts
  • Main Headline: Recover Your Hard-Earned Money Effortlessly
  • Sub Headline: Relieve the stress of chasing payments. If we don’t recover your funds, we take the matter to court at our cost.
  • CTA: Start Your Risk-Free Recovery Now

3. The Media I Will Use to Reach my Target Market

Website

  • Improve SEO using Wordpress plugins for targeted keywords such as 'debt recovery', 'debt collection for recruiters'
  • Publish success stories (with client permission) demonstrating Creditormate's effectiveness
  • Run Desktop optimized since the target audience is more likely to perform serious business actions on desktop platforms
  • Set up Google Analytics to track key metrics and conversion rate optimization (CRO) results

Social Media

  • Linkedin for its B2B focus: sharing industry news, blog posts and customer testimonials
  • Posting twice per week to maintain visibility without overwhelming audience

Paid Advertising

  • LinkedIn Sponsored Content targeting recruitment agency owners and operators
  • Google Search Ads targeting users searching for debt recovery services

Content Recommendations

  • Blog posts on the topic of managing receivables in recruitment industry
  • Videos explaining the process and benefits of your unique offering

Podcasts

  • Consider starting a podcast on financial strategies for small businesses
  • Seek guest spots on relevant finance podcasts or industry-centric podcasts serving recruitment and labour-hire spheres

Directories

  • List Creditormate in B2B service directories such as Yellow Pages, White Pages and Yelp
  • Seek listing in industry-specific directories in the Recruitment and Labour Hire spaces

Publications

  • Submit articles to industry-specific publications such as 'HRD Australia' or 'The Global Recruiter'

Partnerships & Outreach

  • Develop partnerships with Australian recruitment industry bodies (i.e. RCSA, APSCo)
  • Offer to speak at industry events sharing insights on invoice management and debt recovery

SEO and Content

  • Regular blog content targeting SEO terms related to debt recovery for recruiters, invoice management, etc.
  • Ensure website is optimized for local SEO, adjusting for Australian-English verbiage

Offline and Local Media

  • Seek speaking engagements at local business mixers in areas with high densities of recruitment/labor-hire agencies
  • Sponsor industry events, where the client's core audience is highly represented

Online Events

  • Host webinars educating on the topic of overdue invoices management and recovery for recruitment agencies

Online Networking

  • Active participation in relevant LinkedIn groups, Reddit subreddits, and other industry-specific online communities

Cold Outreach

  • Targeted LinkedIn messages to owners of recruitment agencies with customized messages emphasizing Creditormate’s value proposition
During
(Lead)

1. My Lead Capture System

Lead Magnet

  • 'Debt Recovery Guide for Recruiters': A comprehensive eBook on debt recovery practices
  • 'Invoice Efficiency Audit': A free evaluation of a client's current invoice processes
  • 'Recovery Rate Calculator': An interactive tool to estimate potential recovery amounts

Tripwire Offer

  • 'Pre-Collection Letter Templates': A low-cost, easy-to-implement first step for debt recovery
  • 'Mini Consultation': A discounted consultation session to assess potential recovery

Welcome Sequence

  • Lead captured: Immediate thank-you email with access to lead magnet
  • Day 3: Follow-up email with more information about Creditormate's offer
  • Day 7: Invitation for a consultation and explanation of the 'no win, no fee' policy

Segmentation

  • Tag leads based on size of business, potential recovery amount, and industry
  • Use tags to cater communication and offer to individual client needs

Chatbot and Automation

  • Implement a chatbot on the website to collect basic information
  • Automate the lead tagging process in Active Campaign
  • Set up automated follow-up reminders for leads not yet converted

2. My Lead Nurturing System

Marketing CRM

  • Current platform: Active Campaign
  • Automation capabilities: Lead tagging, automated follow-up reminders
  • Recommended improvements: Implement deeper segmentation based on the size of business, potential recovery amount, and industry

Sales CRM

  • Current platform: Active Campaign
  • Pipeline tracking or handoff process: Segmentation and automated follow-up reminders within CRM
  • Recommended upgrades: None

Automated Follow-Ups

  • Types of automations: Post-opt-in, consultation invitation
  • Frequency or triggers: Immediate after lead capture, Day 3, Day 7

Newsletter

  • Frequency: Bi-weekly
  • Topics or content pillars: Debt recovery insights, case studies, industry news
  • Segmentation: Based on business size, potential recovery amount, industry

Retargeting & Ads

  • Platforms and goals: LinkedIn Sponsored Content for increasing brand visibility among recruitment agency owners and operators, Google Search Ads targeting users searching for debt recovery services

Social Media and Content

  • Posting frequency: Twice a week on LinkedIn
  • Content type or campaign focus: Industry news, blog posts, customer testimonials

Webinars and Events

  • Suggested cadence or purpose: Monthly webinars educating on the topic of overdue invoice management for recruitment agencies

Other Nurture Channels

  • Chatbot: For collecting basic info on the website
  • Automation tools: Active Campaign for automated emails and lead tagging

3. Sales Conversion Strategy

Sales Process

  • Build a CRM pipeline in Active Campaign mapping the journey from lead to customer
  • Add automations for follow-ups if a lead hasn’t responded within a certain timeframe
  • Formalize consultation process as a scheduled discovery call to qualify the lead and understand their needs
  • After discovery, send tailored proposal outlining Creditormate's offering, benefits, and USP

Sales Assets

  • Develop sales script focusing on trust and 'no win, no fee' proposition
  • Build standard SOPs for lead handling and sales
  • Create a presentation deck to introduce Creditormate and explain the service value

Objection Handling & Guarantees

  • Prepare objection-handling script for common concerns (e.g., success rate, legal fees)
  • Emphasize 'no win, no fee' and 'free court' guarantees to reduce risk perception

Testimonials and Case Studies

  • Collect testimonials from satisfied clients post-recovery
  • Create case studies demonstrating successful recoveries
  • Showcase testimonials and case studies on the website and in proposals

Conversion Rate Insights

  • Establish baselines for current conversion rates using Active Campaign’s reporting
  • Constantly monitor and analyze conversion performances for enhancement

Urgency and Offers

  • Introduce exclusive offers for quick action, such as expedited service or additional support
  • Add messages about the negative impacts of unrecovered debts over time to create urgency

Shock and Awe

  • Send small gifts or thank you notes post-consultation to show appreciation and build relationship
After
(Customer)

1. How I Deliver a World Class Experience

Onboarding Experience

  • Welcome email with a clear summary of the process and next steps
  • Introduction call to familiarize the client with the team.

Communication Cadence

  • Biweekly check-ins via email or call to discuss case progress
  • Immediate updates on any significant developments.

Client Education

  • An FAQ section explaining the debt recovery process
  • Short video guides on understanding legal jargon.

Personalized Touches

  • A milestone celebration when a debt is fully recovered
  • Personalized 'Debt Recovery Progress' reports tailored for each client.

Visuals and Documentation

  • Clear, easy-to-understand recovery progress charts
  • Regular reports on case progress and likely outcomes.

Feedback and Proactive Support

  • A feedback system on the client's dashboard for concerns or suggestions
  • Proactive support to clarify any misunderstandings or issues.

Guarantee or Promise

  • Reiterate the 'No win, no fee' promise, with court costs covered in unsuccessful cases.

Operational Excellence

  • Strict punctuality in communication and actions
  • Standards for professional and empathetic client communication

2. How I Increase Customer Lifetime Value

Renewals & Contracts

  • Consider implementing a contract renewal system with incentives for swift renewal

Upsells & Cross-Sells

  • Offer add-on services such as training sessions on effective financial management
  • Propose cross-selling by offering workshops or consultations on better invoice practices

Bundling & Packaging

  • Introduce bundled services that include debt recovery, financial management training, and legal consultations in a complete package

Loyalty & Retention Programs

  • Initiate a loyalty program that offers discounts on future services based on the value of recovered money

Custom Services and Personalization

  • Offer premium services that include personalized recovery plans and priority legal representation

Pricing Strategy

  • Implement a tiered pricing system based on the complexity of the case and the amount of money to be recovered
  • Offer discounts for repeat customers or referrals

Customer Data and Insights

  • Use Active Campaign to track key metrics such as customer engagement, churn rate, and customer lifetime value to identify growth opportunities

3. How I Orchestrate And Stimulate Referrals

Referral Incentives

  • Offer discounts on future services for successful referrals
  • Provide new clients with cost reduction on their first invoice

Shareable Assets

  • Design email templates with clear and compelling referral messages
  • Create video testimonials highlighting successful case results

Timing and Triggers

  • Request referrals after successful case closures
  • Set automated emails to go out after invoice is paid

Client Success Stories

  • Share testimonials of successful recoveries on website and social media
  • Encourage clients to post their own success stories on LinkedIn with a reward for highest engagement

Referral Contests

  • Run a quarterly referral contest, top referrer wins a free service

Partner or Affiliate Programs

  • Collaborate with affiliate legal services, offer commission on successful referrals

Thank-You Experience

  • Send a handwritten thank-you note and a small gift to top referrers
  • Recognize and publically thank top referral sources on social media

Take Your Marketing Plan to the Next Level

Now that you have your 1PMP, you've unlocked a FREE Marketing Clarity Call with my team.