Cheap and Effective Customer Retention Strategies for You
In business, there are many
options that help to acquire new customers. Customers are the main source of
profitability for any online business. The strategy of retaining customers is a
very important point because this can be a permanent income. We will explain
some points on the strategy of retaining loyal customers.
- Loyalty cards
This is the easiest way to
retain customers. This will require some creativity. For example, a customer's
reward after a purchase encourages them to make another purchase or service
sooner. The customer promotion options are the best ways to keep them. These
cards become a symbol of loyalty that the business implements for existing
customers.
- Remuneration based on different levels
Customer retention
strategies also include the introduction of discount cards or savings cards.
The size of these cards will depend on the frequency of purchases or
investments in your business. for example, it is possible to give out VIP
levels with different names: gold, platinum, silver, etc. Each of will give
your customers discounts or bonuses. Everything depends on your imagination and
profitable calculations for your business.
- Excellent customer service
Customer service should be
as simple and understandable as possible. No one likes long queues or filling
out a bunch of incomprehensible forms. If there is any question or incident you
should do everything possible to smooth out the situation until the customer is
satisfied. Easing potential conflict situations is memorable for your clients
and the ability to do it correctly is a plus for your team. Establish
incentives for your employees who work directly with the client so they will
receive privileges, bonuses for good service.
- Post marketing to existing customers
Emails
have a big impact on customer retention strategies. They are much more effective than calls. Use
business correspondence more often than phone calls. Letters have always been
more official; their advantage is that you can avoid understatement or
misunderstanding. Send information about new products, promotions, discounts
and bonuses ...
- Bulk SMS campaigns
The SMS software is not
expensive and is very effective. It is suitable for communication after
purchases or greetings. In terms of customer retention strategies, this is the
best way to access a database of existing customers.
- Personalized Gifts
Create a customer database
with the maximum amount of information about the client. For example, on the
day of their birth, you can offer a special bonus for them. Or, if you buy a
product, make a personalized card and attach it to the purchase.
Personalization as a strategy for customer retention is a very strong weapon.