If you’re looking for ways to increase sales, here are four ideas that can increase sales from your existing customers. Sales from existing customers are much more profitable than sales from new customers and we’ll show you why in this article.
Marketing to new customers is important to grow your business, however, it’s just as important to retain existing customers to grow your sales, and impact the bottom line
• Great customer service is critical for customer retention
If you want to have a positive experience with your customer, remember that it is extremely important to keep them happy. Be personal and make the customer feel like they are in good hands. Having a good connection with your customer will lead to positive and more rounded experience increasing the chance of another purchase.
• Take advantage of your in-house email list
Take advantage of your in-house email list of customers. Why would you ignore any quality resources that you already have? In-house email lists are lists that you have added to over time as new customers have made purchases. It is very important to use this resource because these are people who have already liked your products/services enough to make a purchase. This target should be much easier to convert than new customers because they already have experience with your company. Emailing past customers with offers and new product announcements will greatly increase the probability of them making another purchase. Keep in mind that most businesses have a compiled email list of previous customers sitting under their nose. Put this useful data you collected into action to drive repeat purchases
• Sell the next product to increase repeat purchases
After you make your first sale to a customer, making the second sale is how you tie them in for a long time. This is how you make a loyal customer. Every time a customer becomes a repeat buyer, the chances of them coming back again increase dramatically. This is why it is incredibly important to focus on that second purchase. Not only do customers come back more frequently after the second purchase, they also spend about 20% more than they did the first time they made a purchase. All the more reason to focus on repeat customers.
So, if your customer bought an exhaust system, send them an email to sell exhaust tips. If your customer bought car wax and polish, send them an email to sell car covers.
• Take advantage of email to send promotions and follow up customers
Remember to schedule in advance when you would like to send your email promotions. Nobody wants to be completely bombarded with emails. Make sure your emails are specific and personal at the same time. On top of this, make sure the emails are worthwhile and have a good subject line. There is nothing worse than someone deleting your email without even opening it.
When following up with a post purchase customer make sure you are being genuine and personal. Using the customer’s name in the follow up and including what they purchased is a great place to start. Not only should you do this, but you must sound completely genuine, and show that you really do care about the customer and the product you sold them. Oftentimes, it is a good idea to incorporate a survey so you can see how they liked the product and what else you can do to improve upon the product.