The next time you have been scratching your heads to increase the sales, loyalty program is the main call for you to consider. It will cost you around 3 times extra money for acquiring some new customers than it might do to sell anything to existing customer. Some of the other resources might pin this number anywhere from 4 to 10 times extra. No matter whatever portion you are likely to deal with, procuring new customers, according to Michael Giannulis, will always be an expensive deal.

What experts like Michael Giannulis have to say:

In some of the studies, it has been found that building customer loyalty program is one way to retain customers. It is also one way to attract some new ones. If you have one clear incentive for spending extra money with you, then such loyalty programs are here to pay you off when you are for a long run.

It is always a clever option to create an attractive form of loyalty program. That will make it rightfully accessibly to the current customers. In no time, you can see your sales skyrocketing with every passing time.

Mike Giannulis always talks about customer retention:

The main motive behind any of the royalty program is to retain your customers. For that, they are going to be rewarding for their repeat purchase behavior. Loyalty will only be there whenever a person patronizes any particular store regularly, which that person trusts and likes. This is one major tool, used for retaining customers by providing them with a motive to purchase again and establish that to be a habit.

  • Some studies have clearly explained the relationship taking place between retention rate and loyalty program.
  • One study has indicated that the relationship perception of the customer is likely to provide the company around 10% of total variation in the customer share and retention.
  • Even some of the own loyalty statistics of major business corporates have shown that a properly implemented loyalty program can help them with increased revenue by 5 to 10%.
  • The loyalty members are so proud to spend around 5 to 20% more on the companies than any of the non-members, which checking out the math on an average.
  • Even the members within such programs can purchase 5 to 20% more frequently when compared to any of the non-members.

Importance you cannot deny:

For the smaller businesses, it is really hard to catch up with financial support whenever they need one. So, they have to make some major decisions while focusing on investment and taking help from professionals like Mike Giannulis will work out for them big time. It is always better to work with those who have already created a trust on your company and create a strong bond with them. If they are able to trust and like you, they will subject more extra customers towards your side. This is one cool way to improve your business scale rather than trying hard to invite new people within the block always.

Research found 65% of a company’s business comes from existing customers.

This proves how essential cultivating customer loyalty is for companies, big and small. Luckily, there are many ways to do this that doesn’t involve an expensive marketing campaign.

If you’re eager to improve customer loyalty but aren’t sure where to begin, you’ve come to the right place. Here’s everything you need to know.

Why Is Customer Loyalty Important?

Improving customer loyalty comes with many benefits. For instance, when customers are more loyal to your brand then they’re more likely to recommend you to others.

This means when you increase customer loyalty, you increase the lifetime value of the customer for your business. Plus, customer loyalty helps you improve your company’s brand image so when you’ve earned their trust, customers are more likely to share positive experiences.

Further, increasing customer loyalty helps you stand out against competitors. Although you have similar products, if you have better customer loyalty, then your items will have a higher buying priority among customers, new and old.

The 7 Best Ways to Increase Customer Loyalty

We’ve covered the benefits of improving customer loyalty and now it’s important to create a plan. When you create a strong strategy to prioritize customer loyalty, you will reap the many benefits.

Consider these, for example:

  1. Provide Great Customer Service

A surefire to improve customer loyalty is to make customers a priority through excellent customer service.

Customers consider every interaction they have with your employees whether they’re waiting in line, making a return, or asking questions on Facebook.

Because of this, your in-store and online staff must be readily accessible and able to solve problems in a timely manner especially as 48% of consumers expect a response to social media questions and complaints within 24-hours.

You should also leverage customers’ complaints to your advantage. Your employees will hear their pain points and learn important ways to improve customer satisfaction so be proactive and adopt this.

Your business should use a chatbot for live chat to improve response rates and give customers access 24/7. As a result, you’ll boost customer loyalty and prevent negative word-of-mouth.

  1. Launch a Loyalty and Reward Program

Create a loyalty program where you reward customers from returning. For instance, launch a simple points system where customers earn points with each purchase which is used for a reward.

You can also create a tier system where you start with an initial reward and increase this over time. Your business can also enjoy loyalty program benefits by organizing a prize draw for your most retentive customers where they have a chance to win something big.

  1. Launch an Email Campaign

Collect emails through Facebook ads or ask customers to enter their email in exchange for a free resource like an eBook. Create a mailing list so you can contact your customers but avoid spamming them daily.

Instead, send thank you or welcome emails and inform them of a product launch. It’s important you add value to their lives whether it’s an update of industry-related news or notifying customers that a product they’re interested in is out of stock.

You should also send personalized emails with birthday greetings with a discount coupon to improve customer loyalty.

  1. Consider Different Payment Plans

If your business is seasonal then offer different payment plans to benefit you and customers. Let’s say you sell wedding dresses, then you’ll release most of your sales during summer or spring when weddings mostly occur.

You could offer a payment plan where brides could shop in winter and pay a little each month rather than paying all at once. This is a fantastic way to improve customer loyalty because they’ll likely refer your business to others because it gives them manageable monthly payments, a dream when it comes to expensive events.

  1. Ask For Regular Customer Feedback

Asking customers for their honest feedback shows you care about their opinion and that you want to make products as best as possible.

Whenever a customer makes a purchase, send an automated survey asking them for feedback through a questionnaire or an online survey.

Communicating with your customers gives you valuable information that you can turn into valuable content and inspiration for marketing campaigns. This will keep customers happy because you’re making the effort to listen to their needs and stories.

  1. Cultivate an Online Community

Alongside sales, you should focus on building an engaged online community. Choose the most relevant social media channels for your business so if you’re a clothing company, a visual platform like Instagram is the most effective way to generate interest.

You should also hold giveaways to attract customers and encourage them to engage with your business.

  1. Follow the Subscription Model

One of the most effective ways to encourage customer retention and loyalty is by introducing a subscription model for your business.

The difficult part is getting a customer but once you have them, it’s easy to entice them to purchase your products. For instance, you can follow the surprise subscription model when you sell products that are normally bought once like a swimsuit.

You could then send a “surprise box” to customers who have subscribed and add products that are similar to the one they have already purchased or whichever category they choose.

That’s How to Increase Customer Loyalty

Now you know how to cultivate customer loyalty to ensure your clients return. It’s important to create a mailing list so you can update them with promotions and updates, alongside a reward system so they have a reason to return.

Remember to always be attentive and listen to your customers so they know you care. Good luck!

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instagram ux webdesign

Social media, the final frontier in the world of business and marketing and Instagram the newest member of the social media family that is taking businesses to height only the business mind can imagine. The number of people that flock Instagram makes it an excellent marketing channel for start-ups. There are so many unique tools that distinguish Instagram from other platforms.

One major feature that draws people to Instagram is its unique photo-sharing tools, users have the ability to post high-quality, engaging pictures that capture the customers’ minds giving you more visibility and increasing your sales rate.

To increase your customer base with Instagram means making more profit and the best ways to achieve this is

Separate business from pleasure

Instagram offers you the opportunity to have several accounts, so if you are into the business of customer servicing, having a different account for your personal use might be the way to improve your customer base while enjoying yourself on Instagram. The reason being that customers might be offended by the by certain personal posts which can deplete your customer base.

Post Compelling and Clear Pictures

Instagram is all about visuals. Majority of the people that visit Instagram pages have less than 15 seconds to spend on a picture, so a clear image is bound to keep them hooked to want to know more. The images on your page should be creative and eye-catching. It should also contain keywords that will attract the customers why promoting the brand so that once a customer sees your product, they are able to recognize the brand and the seller.

Remember that a visual representation of your product is the first marketing impression of who and what you are all about, so make it clean and compelling.

Use Instagram Tools

Some tools on Instagram will enable you to grow your customer base exponentially through simpler means. Tools like Gramlike allows the users to increase their customer base by making use of algorithms to engage with users via likes, comments an follow.

Make Friends with Influencers

These are Instagram established personality with a large customer base. They are like demi-gods that influence anything by their decisions and advice on Instagram. They are capable of promoting a brand from the ground up in a matter of minutes with their advice and vice versa. One very sure ways of increasing your customer base are to have one or more of them recommend your products.

Investing in Instagram Ads

There is no customer base growth without advertising and one way is by advertising on Instagram which will help you reach a new and targeted audience. This might sound expensive but it is well worth it especially for new business or when a new product is introduced. This method allows you to plan the ads in such a way that the ads reach out to the particular set of people that will be interested in the products. The use of Instagram ads will not only boost your sales but it will increase your customer base and visits your website.

Instagram is the marketing tool of the future, join the moving trend and be part of an explosive marketing scheme of the new world.