turn your customer base into a revenue engine

33
Turn Your Customer Base Into a Revenue Engine

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There’s a goldmine of opportunity, right inside your POS! Learn how to leverage your existing customer data to attract and retain more customers with practical marketing tactics you can implement in your business right away.

TRANSCRIPT

Page 1: Turn Your Customer Base Into a Revenue Engine

Turn Your Customer Base Into a Revenue Engine

Page 2: Turn Your Customer Base Into a Revenue Engine
Page 3: Turn Your Customer Base Into a Revenue Engine

10/21/2014 3

MarketingRe-Think

It’s Personal

Page 4: Turn Your Customer Base Into a Revenue Engine
Page 5: Turn Your Customer Base Into a Revenue Engine

10/21/2014 5

3 Keys to Customer Loyalty

• Identify Your Customers

• Reward the Right Behavior

• Connect and Communicate

LOYALTY

Page 6: Turn Your Customer Base Into a Revenue Engine

10/21/2014 6

Individual CustomersIdentify

ASK FOR INFOINCENTIVES

Page 7: Turn Your Customer Base Into a Revenue Engine

10/21/2014 7

INCENTIVES

Offer Freebies or Discounts for Joining

Free or Discounted Drink

Free Breakfast Item or Appetizer with

Purchase

Don’t break the bank, but give something

people really like

Page 8: Turn Your Customer Base Into a Revenue Engine

• VIP Club

Benefits

• Points or

Rewards

Program

• Birthday Club

VIP

•Free drink

upgrade

• Free breakfast

item or

appetizer with

purchase

FREEBIES

• % Off Next

Purchase

• Meal deals or

packages

DISCOUNTS

INCENTIVES

Page 9: Turn Your Customer Base Into a Revenue Engine

10/21/2014 9

EMAIL SIGNUP

Email Collection

• Web Sign Up

• Social Media Sign Up

Options

• Ask customers to refer

friends

Page 10: Turn Your Customer Base Into a Revenue Engine

10/21/2014 10

TEXT OPT-IN

Mobile Number Collection

• Text-to-Join

• Promote heavily in all signage

print

• Cross-promote email sign up

Of texts are read within 1 hour.

SMS is preferred communication

method for under 2583%

Page 11: Turn Your Customer Base Into a Revenue Engine

10/21/2014 11

LOYALTY

Loyalty Program Signups

• Exclusive club

• Clear loyalty program benefits

to encourage new customers

to join

• Sign up new members as they

order in store

• Sign up during online orders

Page 12: Turn Your Customer Base Into a Revenue Engine

10/21/2014 12

PROMOTION

Be Clear About

Benefits!

• What do I get now?

• What do I get after

enrolling?

• What do I get long

term?

Page 13: Turn Your Customer Base Into a Revenue Engine

10/21/2014 13

In-Store Publicity• Signage at register

• QR Code

• Script your staff

• Staff Incentives

• Box Toppers, To Go

Menus, etc.

PROMOTION

Page 14: Turn Your Customer Base Into a Revenue Engine

10/21/2014 14

PROMOTION

Social Media• Social media teasers

“Loyalty customers are

enjoying free coffee

today. Are you a

member?”

• Facebook Tab

• Tie to any contests or

giveaways

Page 15: Turn Your Customer Base Into a Revenue Engine

10/21/2014 15

• Pull a list of customers

who ordered online

• Collect emails with

WiFi

• Marketing data in your

POS

EXISTING DATA

Page 16: Turn Your Customer Base Into a Revenue Engine

10/21/2014 16

PLANNING

Manual entry takes time! Plan for it

Train Your Staff

Test Forms or Text-to-Opt-In

Processes

Data Storage

Consider Future Needs

Page 17: Turn Your Customer Base Into a Revenue Engine

30% Chance that a 1st

time customer will

become a regular

LOYALTY

67%If they buy 3x

quickly, that chance

goes up to

Source: LoyaltyMagic

Page 18: Turn Your Customer Base Into a Revenue Engine

Average # of NEW Loyalty customers who returned at least once after initial order.27%

12%Average # of NEW NON-loyalty customers who returned at least once after initial order.

LoyaltyCASE STUDY

Programs Turn New

Customers Into Regulars

In a 10-store GS study

over 3 months…

Page 19: Turn Your Customer Base Into a Revenue Engine

Average # of NEW Loyalty

customers who returned at least

TWICE after initial order.14%

3%Average # of NEW NON-loyalty

customers who returned at least

TWICE after initial order.

Programs Turn New

Customers Into RegularsLoyaltyIn a 10 store GS study

over 3 months…CASE STUDY

Page 20: Turn Your Customer Base Into a Revenue Engine

Loyalty customers were:

more likely to have 3+ orders2.3X

In a 4-store GS study over 6

months…

Programs Increase

Order FrequencyLoyalty

3X more likely to have 4+ orders

CASE STUDY

Page 21: Turn Your Customer Base Into a Revenue Engine

10/21/2014 21

REWARDS

Ways to Give Rewards• Inside POS System

• Print Coupons on Tickets

• Members Only Reward

Email/Texts

• Social Media Rewards

• Automated Rewards Based on

Behavior

Page 22: Turn Your Customer Base Into a Revenue Engine

10/21/2014 22

How Often & How Much?

• About 4-7 visits to earn

• Average is 10% value ($5 after

$50 spent)

• $ off vs. Free Item

• Purchase required?

• Lifetime spend rewards

• Change your rewards

sometimes!

REWARDS

Page 23: Turn Your Customer Base Into a Revenue Engine

10/21/2014 23

CREATIVE REWARDS

•Hold a giveaway & award entries• Give “experiences”

• Lunch for 2 @ school or the office• A Dinner A Month For A Year• In store Events

• Give a VIP Experience for New Customers• T-shirts, hats, logo items• Team up with partners

Page 24: Turn Your Customer Base Into a Revenue Engine

10/21/2014 24

REWARDS

Would like to move to the head of the line when its busy as a benefit of the rewards program.

54%

31%Would like to be able to donate their rewards to charity.

http://loyalogy.com/loyaltypulse-consumer-research-study-on-restaurant-loyaltyrewards-programs/

Would like to receive a reward for getting a friend to join.

52%

Page 25: Turn Your Customer Base Into a Revenue Engine

10/21/2014 25

COMMUNICATE

Email marketing tips

• Don’t bombard customers - 1-2

times per week

• Send Early AM or 1 Hr before peak

times

• Be genuine, share your brand

personality

• Personalize and add a signature

• Proofread, test offers

• Indicate if offer is valid online

Page 26: Turn Your Customer Base Into a Revenue Engine

10/21/2014 26

COMMUNICATE

Subject Lines

• 35 Character Max – 15 for

Best Response

• Short, Catchy, Clear

• Call to action

• Inside- BOGO Iced Coffee Deal

• New Menu Item – Must Try!

• Secret new drink – Today only

Page 27: Turn Your Customer Base Into a Revenue Engine

10/21/2014 27

COMMUNICATE

Text Message

• 1-2 Messages Per

Week Max

• Slow Day Specials

• Short & Clear

• Relevant – Holidays

Event, Etc.

• Text rewards – higher redemption among 18-25

crowd

Page 28: Turn Your Customer Base Into a Revenue Engine

10/21/2014 28

TARGETING

InYour POS

• How many customers

came back more than

once in 90 days

• Invite back / survey

customers who didn’t

•Ticket averages for

orders with specific

redemptions

Page 29: Turn Your Customer Base Into a Revenue Engine

10/21/2014 29

COMMUNICATE

• Contests

• Recipes

• New Menu

Items

• New Service

Offerings

• Be Funny

Switch it Up

• Newsletters

• Sports Events

• Holidays

• Community

Involvement

Connect

• New Customer

• Near a Reward

• Earned a

Reward

• We Miss You

Behavior

Keep it conversational, but appropriate. Build a relationship!

Page 30: Turn Your Customer Base Into a Revenue Engine

10/21/2014 30

High Tech Tablet . . .

Or Low Tech Fishbowl . . .

LOYALTY

Page 31: Turn Your Customer Base Into a Revenue Engine

Our Experience:• Helped hundreds of restaurants implement

loyalty with our tool, Thr!ve Loyalty

• Automates e-mail, direct mail & text

communication based on customer behavior

• Integrates with POS & Online to track

spending & offer redemptions – or use our

iPad app.

Page 32: Turn Your Customer Base Into a Revenue Engine

QUESTIONS?

Page 33: Turn Your Customer Base Into a Revenue Engine

Let’s go have fun!