turn your customer base into a revenue engine
DESCRIPTION
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
Turn Your Customer Base Into a Revenue Engine
10/21/2014 3
MarketingRe-Think
It’s Personal
10/21/2014 5
3 Keys to Customer Loyalty
• Identify Your Customers
• Reward the Right Behavior
• Connect and Communicate
LOYALTY
10/21/2014 6
Individual CustomersIdentify
ASK FOR INFOINCENTIVES
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
• 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
10/21/2014 9
EMAIL SIGNUP
Email Collection
• Web Sign Up
• Social Media Sign Up
Options
• Ask customers to refer
friends
10/21/2014 10
TEXT OPT-IN
Mobile Number Collection
• Text-to-Join
• Promote heavily in all signage
• Cross-promote email sign up
Of texts are read within 1 hour.
SMS is preferred communication
method for under 2583%
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
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?
10/21/2014 13
In-Store Publicity• Signage at register
• QR Code
• Script your staff
• Staff Incentives
• Box Toppers, To Go
Menus, etc.
PROMOTION
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
10/21/2014 15
• Pull a list of customers
who ordered online
• Collect emails with
WiFi
• Marketing data in your
POS
EXISTING DATA
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
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
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…
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
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
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
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
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
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%
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
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
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
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
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!
10/21/2014 30
High Tech Tablet . . .
Or Low Tech Fishbowl . . .
LOYALTY
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.
QUESTIONS?
Let’s go have fun!