Monday, March 24, 2014

5 Reasons Visitors Leave Your Website - Website Magazine

5 Reasons Visitors Leave Your Website - 



There is nothing more satisfying than having your work appreciated through a comment, a like, a tweet or a sale. Unfortunately though, it is becoming harder and harder to get that appreciation or attention from visitors. 
Since we live in an era of skimming and in a time where information is not scarce, keeping the visitors enticed enough to stay on a website for more than a few seconds is getting harder. It can be a struggle to convince visitors that their time on your site will be worthwhile.
Here is a scary statistic that inspired the creation of this article: On average, a visitor will leave your website in 10-20 seconds.
So, we’ll take a look at 5 reasons why someone would do that. If your website suffers from a high bounce rate problem, this one is for you!

1) WORLD WIDE WAIT: A.K.A LOADING SPEED PROBLEM

According to Kissmetrics, 47 percent of visitors expect a website to load in less than 2 seconds, and 40 percent of visitors will leave the website if the loading process takes more than 3 seconds.
Before we look at studies that have examined the loading speed problem, here is some interesting information that may shed some light upon how the visitors' expectation changes with an increased loading time.
People like to be in control of their destiny and not be subjected to the computer's whims. In his book - Usability Engineering, Jacob Nielsen talks about 3 important time limits that occur during the delay between a user’s action and the application’s response.
a) 0.1 second: If the application responds instantaneously to the user's actions, it gives an appearance of direct manipulation. It makes the user think that the result was generated by their action and not by the computer. This phenomenon of direct manipulation is a great key to increase user engagement.
b) 1 second: If the response interval time is 1 second, the user will notice the small delay and feel like the system is generating the results instead of them, but they will focus more on their train of thought, after which they retain the sense of control a little. A Web page should ideally take one second to load to give the users the feeling that they can navigate freely.
c) 10 seconds: By this point, the user has noticed the delay and no longer feels in control. After this period, the users' mind will wander and they will, more often than not, leave the website. If the application takes more than 10 seconds to load, it is important to notify the users (via percent indicators, progress bar) as to approximately how long they would have to wait. This way they will know what to expect. 
No matter how groundbreaking content you produce, or how many guest posts you write to attract traffic, people will not keep waiting at the door of your site for you to answer, especially when they can access your competitor's site faster.  
Google considers load time as a factor while ranking websites. The reason is simple: Google wants to rank websites with a better user experience higher than others and loading time is an important factor here, which decides how the users’ experience on your website will be.
Tagman, a tracking system provider worked with an online prescription glasses retailer, Glasses Direct, to study the effects of loading speed on consumer conversion. The interesting part was that every one-second delay caused a 7 percent loss in conversions.
(Image source: Tagman)
When Amazon analyzed its ratio of sales to its Web performance through A/B tests, what it found was that with every page load delay of 100 milliseconds there was a 1 percent decrease in conversions.
(Image source: Walmart)
Last year, Walmart reported that by reducing their page load time by one second they saw a 2 percent increase in traffic, and every 100-millisecond decrease of page load time saw an incremental conversion of 1 percent.
With each passing year people's willingness to wait is becoming lesser and lesser. In a New York Times article titled, "For Impatient Web Users, an Eye Blink is Just Too Long to Wait," it was reported that, according to Google engineers, even 400 milliseconds was too long.
The game of speed is slowly shifting from seconds to milliseconds. Where do you stand? Want to check your website's performance? You can do so through Web Page Test.

2) WEBSITE LAYOUT PROBLEM

Another reason why a substantial amount of your traffic might “bounce” could be because of your website's structure. The solution is a website revamp. 
Remember, users don’t actually read your content – they scan content. You can think of an un-optimized Web design as a communication problem whereby your targeted audience fails to clearly grasp or retain the key elements needed to make a decision (a click, opt-in, etc.) during their stay on your website.
There are many design principles and failure to implement them could be a reason behind the high bounce rate.
For example having a visual hierarchy tells readers what to read and in which order. More importantly, it is a fantastic way to embed a sense of importance within the readers mind.
People don't see everything equally; rather they organize. They can organize any content in the order of importance just with a quick glance, even without knowing what it actually is about.
Visual Website Optimizer (VWO) is a leading A/B testing tool. Underwater Audi, an online retail store, used VWO to optimize their homepage for conversion. They wanted to see if visual hierarchy in application would produce any significant improvements.
This was their original homepage:
(Image source: Visual Website Optimizer)
Their goal was to rearrange the elements in an F-shaped format to stay in sync with how humans read text online. They swapped the call to action “learn more” with the testimonial bubble to make the image more visible. 
Result? Such a small change resulted in a 35.6 percent increase in sales.
Another one is the Hicks' law, which is contribution by William Hicks to experimental psychology. It states that a visitor's reaction rate is directly proportional to the amount of choices you present them with. Sometimes choices can be demotivating.
If your blog contains many articles across various topics, implement a more robust filtering system through which the users can eliminate the distractions and find what they are looking for, faster. 

3) THE AUTOPLAY ISSUE

A video that plays by itself turns into an irritant for the visitor, whose only goal then becomes to find the tab where the audio is playing and close it. It is important to remember that your visitor might not be at the comfort of their home, but instead maybe at work, or school or at some place where watching a video is not appropriate. 
Secondly, visitors like to think that they are in charge of their actions. Having the video play automatically without them having to initiate any action on their part is a poor usability technique. Your visitor might already be listening to their favorite music while visiting your website. By forcing your video or audio content upon them, you are only giving them more reasons to close your Web page.
Web Content Accessibility Guidelines (section 1.4.2) states that if an audio is automatically played for more than three seconds, an option should be shown to the visitor whereby they could pause or mute the audio. This option should be independent from the systems' main volume controller.
Facebook recently launched autoplay ads on its newfeed, and in less than 24 hours we already have Web users searching for ways to block these “annoying ads”.
In a survey based on 605 participants, it was found that 70 percent of them found ads that played automatically sounded very negative.
Although there haven't been any major research done on whether the presence of auto playing videos increases the likelihood of people leaving your website, just a quick search on popular forums will return comments like this:
"One time I really needed some info of this page and it was blaring some cheesy tween pop song. I was in a crowded room and quickly scrolled through the page to get the info and then slammed the laptop shut like it was a ticking time bomb." ~ Karen
But if you know that the majority of your visitors read your website from a cubicle, for example, video play should always be user initiated.

4) UNINTERESTING CONTENT

Many website owners spend an awful amount of time making their homepage interesting, and push the rest of the pages to the back burner. Think about this: When was the last time you actually entered a website through the homepage? 
Over the years, search patterns have drastically changed. According to Forrester Research, in 2012, 54 percent of consumers found websites through search engine results, 32 percent through social networks, and 28 percent said that they found websites through links from other websites. 
Homepages are not a website's main entry point anymore. It is important to note that articles, blog posts or any other content that you add on your website is also attracting traffic, which is why it is absolutely crucial to make each and every page compelling. 
According to the Nielsen Norman group, “the most effective Web content is objective and neutral”. Instead of using technical terms, complex words and jargons, the meaning of Web content should be easy to comprehend.
Focus on writing thorough articles instead of short blog posts. If you are selling a not-so-cheap product, writing interesting articles is the way to go because higher priced items, unlike cheap products, have a long sales cycle, which means that you need to form a relationship with your readers and prove your credibility before seeing a sale.
If your website targets the older demographics, you will find this interesting. According to a study done by Nielsen and Norman group, they found that users who are 65 and older are 43 percent slower at using websites than their 21-55 year old counterparts.
Plus, don't forget the power of typography – it can affect your readers experience and conversions.
Make your content more interesting by making it more relate-able and react-able.

5) INACTIVE BLOG

Another big reason why people would leave your website is if they can only encounter old and outdated content. If they have nothing new to read, why would they stay? It is very essential to have a rhythm in your postings and it is just as important to stick to those posting schedule.
There haven't been any research done to find the perfect frequency of blog postings, but it is important to not keep your visitors guessing as to when your next content will be published. An ideal frequency will depend on your niche. Sometimes posting too often can irritate the readers causing them to un-subscribe. It can also increase the chances of filler posts- something that your readers will not appreciate.
Posting less frequently will make your readers lose touch with your blog. It is harder to keep a loyal reader base when they have nothing to read.
Hubspot's 2012 State of Inbound Marketing report shows that undervaluing the importance of frequently blogging is equal to leaving money on the table. According to the findings, businesses that updated their blogs multiple times a day had their customer acquisition at 92 percent. With the increased investment in content marketing, it's very safe to predict the same is true for 2014. 
Leading tech websites update their blogs several times every hour. 
The important point to takeaway is to find that middle ground where your users will appreciate your postings and even look forward to it. 
I hope this article was helpful. As website owners, our goal is to attract traffic and keep them on our site for as long as possible. Often, we get so involved in the making the website “pretty” and “cool” that we forget what our users actually want to see. Fortunately, with so many marketing research and case studies available we can pin point as to why exactly something that looks perfect is not actually converting. 
A visitors goal is not to leave your website; it is to find the solution. If we can show them effectively and fast that we hold the answers to their problem or question there is no reason why they would leave your website. 

About the Author
Ankit Oberoi is a co-founder at AdPushup, a startup focused on helping publishers and bloggers optimize their ad revenues using Advanced A/B  Testing. You can reach him on Twitter @oberoiankit.
- See more at: http://www.websitemagazine.com/content/blogs/posts/archive/2014/03/21/5-reasons-visitors-leave-your-website.aspx?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter#sthash.4AJsJ7Fj.dpuf

Friday, March 21, 2014

Report: 63% of Non-Desktop U.S. Web Traffic from iOS

Report: 63% of Non-Desktop U.S. Web Traffic from iOS:



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Even as Android pulls away with the majority of global smartpthone market share, Apple's iOS continues to drive more Web traffic in some countries around the globe. 

The findings revealed in dotMobi’s Global Device Traffic Index, show that Apple’s iOS-based devices are most used by mobile browsers in the UK, the US, Australia, Canada, and many parts of Europe, including France, Italy, Scandinavia and the Benelux countries.
According to the data, which measures traffic from mobile devices including phones and tablets, iOS accounted for 65.26 percent of total non-desktop web in the UK, 62.72 percent in the US, 73 percent in Canada and 65 percent in France, resisting the notion that people are falling out of love with Apple. 
Of the 101 countries across the world where dotMobi tracked data, iOS devices dominated browsing in 34, while Android comes out on top in some 67 nations. 
Central Europe, for example, emerges as a stronghold for Android browsing. Germany, Austria, Hungary and Switzerland and many countries in Southern and Eastern Europe show notably higher web usage on Android based devices. India and Spain also skew towards Android on the web. 
South Korea, home nation of Android behemoth Samsung, sees some 74 percent of traffic on Android. 
Eileen O’ Sullivan, dotMobi COO, cautioned in a statement that Apple's dominance in those markets where it did well is not guaranteed. 
"Apple is undoubtedly an aspirational brand, which delivers great products, however the cost of its devices may mean it loses market share in the long tail," Sullivan said. "More and more consumers are connecting to the web via non-desktop devices. However, these consumers may prefer to purchase a cheaper and trusted local brand that can deliver a similar user experience and functionality – but without the hefty price tag. If so, Apple’s future position as market leader may be at risk.”


The new insights come as Apple earlier this week launched an cheaper 8GB iPhone 5C in Europe. The new phone sells in the United Kingdom for $712 unsubsidized, which figures out to about $66 less than the 16GB model. 

Thursday, March 20, 2014

Driven by Facebook and Google, Mobile Ad Market Soars 105% in 2013 - eMarketer

Driven by Facebook and Google, Mobile Ad Market Soars 105% in 2013 - eMarketer:



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Mobile ad spending on pace to reach $31.45 billion this year

Last year, global mobile ad spending increased 105.0% to total $17.96 billion, according to new figures from eMarketer. In 2014, mobile is on pace to rise another 75.1% to $31.45 billion, accounting for nearly one-quarter of total digital ad spending worldwide.
Facebook and Google accounted for a majority of mobile ad market growth worldwide last year. Combined, the two companies saw net mobile ad revenues increase by $6.92 billion, claiming 75.2% of the additional $9.2 billion that went toward mobile in 2013. The two companies are consolidating their places at the top of the market, accounting for more than two-thirds of mobile ad spending last year—a figure that will increase slightly this year, according to eMarketer.

Facebook in particular is gaining significant market share. In 2012, the social network accounted for just 5.4% of the global advertising market. In 2013, that share increased to 17.5%, and eMarketer predicts it will rise again this year to 21.7%. Google still owns a plurality of the mobile advertising market worldwide, taking a portion of nearly 50% in 2013, but the rapid growth of Facebook will cause the search giant’s share to drop to 46.8% in 2014, eMarketer estimates.



The rapid pace at which mobile has taken over the company’s ad revenue share indicates Facebook’s mobile future. In 2012, only 11% of Facebook’s net ad revenues worldwide came from mobile, and last year, that figure jumped to 45.1%. In 2014, eMarketer estimates that mobile will account for 63.4% of Facebook’s net digital ad revenues. Mobile accounted for 23.1% of Google’s net ad revenues worldwide in 2013, and eMarketer estimates this share will increase to 33.8% this year.
eMarketer bases all of our forecasts on a multipronged approach that focuses on both worldwide and local trends in the economy, technology and population, along with company-, product-, country- and demographic-specific trends, and trends in specific consumer behaviors. We analyze quantitative and qualitative data from a variety of research firms, government agencies, media outlets and company reports, weighting each piece of information based on methodology and soundness.
In addition, every element of each eMarketer forecast fits within the larger matrix of all our forecasts, with the same assumptions and general framework used to project figures in a wide variety of areas. Regular re-evaluation of each forecast means those assumptions and framework are constantly updated to reflect new market developments and other trends.

Read more at http://www.emarketer.com/Article/Driven-by-Facebook-Google-Mobile-Ad-Market-Soars-10537-2013/1010690#1273CfTcPE5lFDDs.99

Friday, March 14, 2014

Woo Loyal Customers for Life With 4 Winning Ways

Woo Loyal Customers for Life With 4 Winning Ways 



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There’s a point in almost every romance when it’s time to either move forward or break up. The same is true for the brand-customer relationship. At some point, your best customers want recognition for their loyalty or they’ll quickly go from loving your brand to dumping it.
That’s why companies must focus on identifying and activating potential advocates --  their most loyal, engaged customers -- during the “dating period.” Reaching out to advocates while they are positive and excited will help ensure that they go from “just dating” your brand to “marrying” it for life.
Most chief marketing officers are focused on finding influencers -- people  in the limelight with large followings. While influencers serve a purpose, marketers’ time could be more powerfully spent in finding advocates.
Advocates may not have social influence, but they are passionate about a brand and personally invested in it. Connecting with these folks will have a longer-lasting effect than trying to approach an influencer who’s probably bombarded by other pitches. Advocates are often regular shoppers, willing to spend significantly on products they love. And their advice and endorsements can be exposed far and wide through various digital strategies.
Here are four strategies every brand can use to turn fans into life-long partners.
1. Play detective. Finding advocates takes patience and good old-fashioned detective work. They may or may not be highly active or influential on social channels. But they are out there purchasing products in stores and online and recommending them to friends.
Finding advocates requires sifting through social data; advocates may have small followings but often post positive comments about brands on Facebook, Twitter and Pinterest. Marketers can mine the purchase, customer and customer-relationship management (CRM) data to find those who frequently buy their products.
Businesses can even go the extra mile to find customers who love competitive brands -- and aim to lure them away.
Porsche dealership in Beachwood, Ohio, has rewarded local enthusiasts by letting its venue be used for private events by community organizations and residents -- at no cost. The goodwill not only generated positive word-of-mouth and brand awareness, but a few cars have been sold as a result.
2. Reach out proactively. If certain customers are big spenders or frequent social posters, extend in thanks a VIP deal (a special discount or insider access to the latest product). Showing  just a little special attention to brand advocates can pay dividends later on. Also, ask for honest feedback: which products they love or loathe and why. Find out which attributes they appreciate and how to improve products or services.
3. Embrace naysayers. Sometimes, the biggest fans may be the first to complain. After all, they care enough to wish the brand were better. A disinterested customer simply would not bother to voice concerns. Find early detractors, and quickly reach out to resolve their issues or let them know that their strategic concerns were heard. Apologize, try to make things right and be sure to ask for feedback about how to improve products to avoid such issues in the future. By handling complaints with aplomb, a company can transform complainers into advocates.
Discover maintains high expectations for the customer service it provides card members. The company's social service team takes pride in resolving customer issues swiftly and tries to ensure the interaction is a positive experience. By listening to existing customers (regardless of whether the feedback is good or bad), Discover creates valuable interactions with its brand.
4. Keep it interesting. As is true for any relationship, as soon as one party becomes bored, the other will likely become distant and unengaged. To get brand advocates excited, companies must always deliver fresh, relevant content. Share content about the inner workings of your company or highlight the individuals behind a brand. Be bold and unexpected. People love a good surprise, whether it’s an unanticipated discount or content that’s more humorous or informative than usual.
Recently Seattle-based insurance company Pemco created a fun and bold campaign related to the Seahawks’ trip to the Super Bowl. Pemco collected signatures of more than 15,000 fans on a giant banner, by inviting people to sign it at sites across Seattle or virtually by using the hashtag #12banner. Pemco flew the banner over MetLife Stadium, enabling people to feel part of the Super Bowl and in the process perhaps creating fans for its brand, too.
Marketers spend millions trying to convince new customers to try their brands, while sometimes ignoring loyal customers. A robust advocate program recognizes those who are passionate about a brand and can turn them into life partners.
Virginia Miracle is chief customer officer at social-media marketing-software company Spredfast. She leads teams focused on multiple elements of the customer experience, including account management and strategic services.

Thursday, March 13, 2014

Want Loyal Customers? Talk to Your Hair Stylist. | Entrepreneur.com

Want Loyal Customers? Talk to Your Hair Stylist. | Entrepreneur.com:



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Successful business leaders know that inspiration and best practices can come from unexpected sources.
Several years ago, as I was laying the groundwork to launch StyleSeat, a booking platform for hair stylists, I spent the better part of a year in salons talking to stylists about how they run their businesses. It quickly became clear to me that the hair stylists pulling in six figures a year are some of the savviest entrepreneurs you’ll find.
They work in an industry with an exceptionally high client churn rate and financial success requires keeping your chair filled with clients all day long. The most successful hair stylists are masters at client retention, and the secrets to their success in this area are lessons applicable to most any entrepreneur.
Here are a few tips.
Know when less is more. Smart stylists read their clients. They know that some people come to a salon and look forward to chit chatting. Others prefer to relax and enjoy some quiet personal time.
Paying attention to your clients’ signals and understanding when less is more, is a lesson that can be applied to everything from in-person meetings to your company’s email strategy.
Provide an amazing experience from start to finish. This may sound intuitive but clients notice every detail -- from the front door of your salon to the homepage of your web site.
Ensuring that every aspect of your client’s experience is consistently wonderful will leave them feeling satisfied to continue working with you and make them more likely to send referrals your way.
If you need to raise your prices, be transparent. At some point, most businesses need to raise prices. It can feel uncomfortable to tell a client that the price for your service now costs more (and it might be tempting to not mention it upfront).
However, it’s critical that you unapologetically communicate about the change before your client engages you again. There’s nothing worse than having a client feel like they are left with no option but to pay an unexpectedly higher price.
Give clients the opportunity to provide feedback. It is easy to assume that clients who keep coming back must be happy. Think again. Successful hair stylists don’t make this assumption.
Proactively asking your clients for honest feedback about your work product as well as their overall experience with your business is simply a smart thing to do. Happy clients will likely be diplomatic with constructive feedback, and you would rather hear it now vs. letting something that’s easy to fix become a bigger issue down the road.
Always continue to hone your craft and differentiate your brand. Hair stylists frequently attend classes and seminars to learn new techniques, stay current with trends and perfect their skills. Even if your industry’s trends don’t change as frequently as popular hair styles, your clients will appreciate the fresh insights and new capabilities you consistently offer them. Staying abreast of the latest trends will ensure that long-time clients never feel your services are dated. It will keep them as happy today as they felt working with you five years ago.
The next time you’re at a hair salon, consider putting down the magazine and deviating from the standard small talk with your stylist. Looking through a different lens at a room full of busy stylists serving their clients may inspire some new client retention ideas for your own business.

Monday, March 10, 2014

How to Use Events to Market Your Business and Retail Store

How to Use Events to Market Your Business and Retail Store:



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Are you looking for a cost-effective and fun way to raise your retail store’s profile in the local community? Then consider hosting events to market your business.
Even if your location is snow-bound right now, this is the perfect time to start planning some Spring events to attract shoppers who will be eager to get outdoors once the weather turns pleasant.
There are all kinds of options for hosting events, from having local musicians play in the shop, to hosting an art opening, to having a VIP only sale for your best customers after hours. Below are some steps to get your event rolling.

How to Use Events to Market Your Business

Figure Out Your Goals for Your Event

Do you want to reward existing customers or attract new ones?
A VIP only sale could work for the first option, while an event that attracts passersby (like live music or a cooking demonstration) could work for the second.

Determine Your Budget

Consider factors like extra employees to handle the register, the cost of staying open later, refreshments and decorations. Also, figure out if your event will be a reoccuring one or a single occasion event.

Find Participants

Do you need outside participation to make the event work? For instance, if you own a boutique and want to host an art show, you could reach out to local artists to let them know your store is going to start featuring original art work. Offer them the chance to sell their art in exchange for a small commission and having them bring in their fans and friends to the event.
Similarly, plenty of local musicians are probably willing to play for free or a nominal fee, and this can expose your store to a whole new clientele. Think creatively and you’ll be able to recruit participants for little or no cost.

Create a Marketing Plan for Your Event

This could include store signage, email marketing, social media outreach and, of course, PR with local media outlets.
Be sure to start marketing well in advance so you have plenty of time to spread the word.

Plan the Logistics of Your Event

Consider factors such as:
  • How much space is needed? For instance, if you’re hosting a cooking lesson in your housewares boutique or a fashion show in your clothing store, you may need extra space and seating. Depending on space needs, you may also want customers to RSVP or register in advance.
  • How many employees will you need?
  • Are any permits needed? Such as for live music or other events that create noise or crowds?
  • Plan for refreshment preparation and also cleanup.

Gather Customer Information

This is a key part of every event. After all, you want a way to stay in touch with people who came in to your store:
  • Have an signup sheet on hand for customers to subscribe to email newsletters or marketing messages from you.
  • Have plenty of business cards, brochures or fliers customers can take with them to remember your business.
  • If your event involves showing customers how to do something, like a florist hosting a floral arrangement class, give out informational handouts with your business information on them.
  • Have customers fill out forms to win a prize or drop their business card in a fishbowl.

Follow Up

Once you’ve gathered contact information from customers, be sure that you follow up with them within the next two weeks while the event is still fresh in their minds. Get them back into your store by providing a special offer or discount that’s good for a limited time.
By hosting events on a regular basis, you can make your store more than just a store – it can become a gathering place for the local community, strengthening your ties with your customers and differentiating you from your big competitors.

How to create a successful customer loyalty strategy

How to create a successful customer loyalty strategy - Phoenix Business Journal:



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Every business owner knows that new customers will contribute to their business growth, but while they are busy marketing and chasing new prospects, they fail to realize that it's far easier and less costly to hang on to their existing customers.
Customer retention is incredibly important for growing a sustainable business. Because there is always a cost for acquiring them, you typically don’t even start making money until they’ve bought from you an average of two times. Creating a customer loyalty strategy to encourage repeat business can be both fun and rewarding.
Is it right for my business?
Customer loyalty strategies aren’t right for every business. If you have a business that sells frequently purchased products such as a sandwich shop, nail salon or ice cream parlor then it makes sense to remind them to come back to you. A real estate agent or car dealer on the other hand, doesn’t expect repeat business to occur for many years.
You also need to be able to offer something worthwhile. If you are in a low-cost, commodity business with no margins to play with, it’s difficult to create a loyalty system that anyone would find significant enough to care about. If your customers are already loyal, you’re better off sending them a thank you card every so often.
What can I offer them?
Figuring out what you can afford to offer them is the No. 1 consideration. You have to know your margins and how many times it would take for a customer to buy from you before it would warrant you providing them with a free offer.
Understanding your target market is also critical. If you’re selling to an older demographic on a fixed income, any type of discount will likely be most appreciated. A wealthier clientele might appreciate extra service perks such as free valet parking, complimentary coffee or free alterations.
You could also provide something extra at every sale, such as chocolate. Or work out a reciprocating arrangement with a non-competing business to offer a free service to each other’s customers. Using a lucky draw system is an example of an entertaining way to keep customers coming back.
Loyalty clubs
People have to see the benefit to belong to a loyalty club. They have to feel they’re working toward something or getting special treatment. There are basically two types of systems you can use: customers get a benefit after spending a certain amount of money, or visiting a certain number times. Or they get a benefit every time.
The simplest method is to give a customer a card and stamp it every time they’ve visited. Figure out your profit margin, make it as generous as possible and you’ll be the most popular business in town.
You could instead choose to use a credit system. For instance, for every $10 spent, the customer earns a dollar credit to be used on a future purchase. A points system can be similarly effective. $10 may equal 100 points that can then be used to buy something you sell.
Get the word out
Simply putting a sign in your window or a notice on your website that says “ask about our loyalty program” doesn’t work. You have to embark on an active campaign to get the word out. Mention it to every customer. Send them an email or a direct mail flyer.
To encourage your existing customers to return, creating a customer loyalty strategy can make an impact. A successful campaign only has to bring you in more money than you’ve invested in it to make it worthwhile. Even so, it’s vital to test and measure as you go so that you know your strategy is producing results.
Remember, keeping an existing customer is far cheaper than finding a new one.
Sheila Kloefkorn is CEO of KEO Marketing Inc and Firm Owner/Business Coach with ActionCOACH. She was recently recognized as one of the Top 25 Dynamic Women in Business by the Phoenix Business Journal. Sheila can be reached atsheila@businesscoachingaz.com.