The Secret To Maintaining Your Customer List at Minimal Cost
I was lunching with my family at a food outlet which served delicious
western food at very affordable prices. When I was about to make payment,
the cashier asked if I had their membership card which can be used to collect
stamps and redeem food items subsequently. When I told them I didn't have one,
the cashier pushed a form for me to fill in. I obliged and furnished my personal
particulars. At that moment, I wondered where the destination of that form
was - the administration department for recording and filing or the marketing
department? If you are the in charge for this membership drive, what would be
your decision? If your answer is the admin department, you are not maximising
the returns of your program. The details that you have collected could do
wonders in marketing and growing your business.
You could
tag my address and find that I have gone to the east to savour your food even
though I am staying in the west,
send me an email to share with me your outlets that are located in the west
and increase the number of visits to your other outlets in the west,
promote your new products to me via email when they are launched
You could also combine my particulars with the rest of your customers and
analyse the spending patterns and segment your customers by the area they stay,
age, etc.
The findings could help you develop products that cater to your customers
age group and attract your customers to buy from you again. Or you could
also reach out to new customers who are staying in the same area as your
existing customers since these potential new customers are likely to have
the same profile as your existing customers. This can be translated into
tens of thousands of dollars saving from engaging a research company, only
to arrive at the same conclusion. Your marketing effort is also more targeted
and thus saves you time and resources in reaching out new customers.
If you are thinking that the above activities can be achieved with sophisticated
and expensive membership management software, then you are completely wrong. All
you need is Microsoft Excel and these tasks could be completed easily even
when you are managing hundreds or even thousands of customers. Find out how
you can increase your sales at minimal cost, and sign up for our
Customer
Database Management with Excel Course now!
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