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March 2008
Every basic marketing book I've ever read since college states: "20% of our customers provide 80% of our revenue." The challenge, of course, is knowing who are those 20%, and what can I do to keep them returning to my business.
In my workshops on how to get your best customers to come back more frequently, we always talk about "loyalty cards." Those simple, little business card size punchcards that give your best customer a reason to return, again and again.
The offers are simple and designed by you. For instance,
"Buy 9 Dozen Donuts and get the 10th Dozen for FREE!".
"Purchase $100.00 of products at the Garden Center and get $10.00 FREE on your next purchase."
Most of us are carrying some type of these cards in our wallets now. The little extra something it gives to us, in turn makes us more loyal to that business. And the fact is, when a customer is more loyal, their annual spending is much greater than a first time customer.
It's easy to prepare a loyalty card program:
- You decide the offer. Remember FREE is a powerful word.
- Design the offer on the size of a business card. This makes it easy for the customer to keep and find them in their wallets.
- Put an expiration date on the offer. Maybe it's for the full season or perhaps a shorter period.
- Develop a method to record the sales, such as a punch mark or a cashier's initial in the purchase space.
- Remember both sides of the card can be a selling space so be sure and ask for their name, address and email on the back of the card. These are your best customers and you want to know them by name.
Loyalty cards are just one of twenty five marketing strategies that I discuss in my book Fresh Grown Promotions. Now is the time to come up with these ideas and get your cards ready. Good marketing can never take the winter off.
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