- Jan. 21
- Richard Parker
Exploring Different Ways to Increase Customer Loyalty and Boost Revenue
If you own a business, you already understand your customers are what drives your success. Without them, you would not be in the position you are today, and even if you’re happy with this position, there is always room for more.
Knowing there is always more success and growth to discover means that you should do everything you can to keep your existing customers. Often, it does not take much to create customer loyalty, and with enough purchases, your customers will see your business as the most convenient for them to use. However, not everyone feels this way, and these are the customers you must go the extra mile to impress.
Engage With Them
Customer engagement is nothing new, but with the increase in social media use among brands, direct interaction with clients and consumers has never been more accessible.
Through Instagram, Twitter, Facebook, and even Snapchat, brands can engage with their followers and get immediate feedback on marketing strategies or new products.
The comment and Direct Messaging capabilities of these platforms also allow the customer to send their queries directly to the source. Rather than struggling through frustrating Customer Service protocols, they can instead see their questions answered immediately.
A responsive employer is more likely to retain customers, even if they do not hear what they want to 100% of the time.
Survey Their Needs
Surveys are a fantastic way to get a better idea of how well your business is performing, and it allows you to make changes to your business based on common answers or things to improve.
However, some surveys can be off-putting, and most consumers consider themselves too busy to sit there and fill out a form that they don’t think will have any effect on the company. You can overcome this by using the simple NPS software to automate questionnaires and receive feedback from customers.
From here, you can adapt your business practices, whether it’s prices too high, slow or unreliable delivery services, or a confusing website layout. All answers will be useful, even if you don’t implement all the changes at once, you will have references for the future, and seeing these changes implemented demonstrates your willingness to listen to your customers.
Offer Personalized Deals and Discounts
Everyone loves discounts, deals, and even freebies in some instances, and while it’s not very business-savvy to give too much away for free, you can reward loyal customers with specific perks that keep them coming back for more.
You can alert them of these deals through email, push notifications (if you have an app), or via text messages. The message will include a unique code and even a personalized message if you really want to entice them.
From the message, they can follow a link to claim their deal or discount, and because you have demonstrated you are willing to offer such deals, they will come back looking for more.
Ask for More Than Money
Money is good for a business. There’s even an argument that it is necessary for one to survive. However, if you’re only seeking customers to make money, you’re in the wrong game. You need to ask them for something more than money. Otherwise, your customers will clock on, and they will slip through your fingers and towards your competitors.
Customer Appreciation Events are a superb way to show gratitude, while weekly newsletters providing them crucial information about your industry will make them feel like they are getting more from your business than just products.
You can also appeal to their charitable side, and announcing partnerships or campaigns in support of local, national, and even international causes will help you rise in their estimations.
Provide an Experience
If there’s one thing that online stores can do better than physical ones in the mall, it’s that they create a more comfortable and stress-free experience. Online customers don’t need to wait in line, nor do they need to battle through the crowds hoping to find the last of the product in stock.
Use this enhanced experience to your advantage and give them a reason to visit your online store. Offer personalized recommendations based on previous buys, follow up with purchases, and make it that you remember their address and card details because people are busy.
Loyalty Points
With enhanced revenue from existing customers comes more funds to focus on further growing your business to take the world by storm, regardless of which industry you operate in. While customers always enjoy finding a reliable brand that is convenient, they can also be fickle. To ensure that you retain the majority, if not all, of your customers, you can look forward to plenty of growth in the coming years.