Customer Retention And Reactivation In Oceanside, NC
You’ve probably have heard the old saying: “It costs five times as much to attract a new customer than it does to keep an existing one”.
That saying is well over 30 years old and was created long before businesses started marketing on the internet. The cost to attract new customer has risen at least 10x as much as it does to keep an existing one. This is due to the massive amounts of competition in digital marketing. Every year paid ads keep going higher, yet your ROI goes down (at worst) or stagnates (at best). The same can be said for other forms of digital marketing.
It’s more important now than ever to retain your current customers. The good news is that there are many marketing channels you can take advantage of that will enable you to do so for pennies on the dollar.
Email marketing is one of those channels that if done properly, provides a tremendous ROI. Considering that the cost to send an email is essentially free, if you’re not actively marketing to your current client or customer base, your competition is.
Direct mail is another great way to reach your clients and customers. You can run specials, offers or just sent a friendly reminder of an upcoming sale or promotion.
Newsletters can also help increase sales and brand loyalty. If you think newsletters don’t work in this day and age, think again. There’s a certain brick-and-mortar store that mails out a physical paper newsletter to promote its “Trader” healthy food products. In it they advertise the specials of the week and have interesting articles that people read.
Loyalty and incentive programs can also help reactive long-dormant customers. By offering a small discount or incentive, you can increase the overall lifetime value of your clients.
At AlphaGraphics, we’re more than just a professional print shop that specializes in business printing. We’re also marketing experts. When professional printing and expert marketing are combined, sales and ROI happens.
Retaining your customer/client base is much more than sending out an email, offering a coupon and then hoping they come back. You should be thinking of your funnel and where customer retention/reactivation fits within. If you don’t have a marketing funnel, AlphaGraphics can help you build one that will drive new sales and customers as well as help increase the overall LTV of your clients/customers.
In order to get started, give us a call at (760) 722-1485 or send us an email. Our marketing experts will want to get to know and understand your business. Once we have a good bead on who your clients/customers are, where they hang out, and what is most important to them, we’ll start putting together a game plan to help you re-activate old and stagnant clients.