A classic rule of sales holds that it's not the initial deal, but the repeat business that counts. Better still to keep that customer happy and encourage them to tell their friends to frequent your company, too. And while the myth of the free lunch has long been debunked, everyone likes a good bargain.
When it comes to your business, offering customer discounts is an investment in future returns for repeat purchases. Customer discounts:
The best contacts and resources to help you get it done
Use frequent buyer cards
One of the most popular and inexpensive ways to reward repeat customers is with frequent buyer cards, such as "Buy 10, Get One Free".
I recommend: Purchase low-cost punch cards from
Business Card Source or
Grip Marketing.
Use loyalty cards
Loyalty cards let you reward regular customers for repeat visits with discounts, cash back or store credit.
I recommend: RepeatRewards.com offers customer loyalty programs designed specifically for independent retailers and small businesses. Custom loyalty cards that give customers a discount on purchases are also available from
Arthur Blank & Company and
Duracard.
Offer birthday discounts
Let repeat customers know you care with a special birthday discount. Collect customer addresses, email addresses and birthdays (or just the month of birth to protect privacy). Mail a "Happy Birthday" postcard or email a printable coupon that can be redeemed for a discount.
I recommend: For postcard design, download free
templates from the USPS,
Postcard Services or
Postcard Builder. Design, send and track email coupons with
Elite Email Marketing. Get automatic reminders of customer birthdays with contact management software, such as
ACT!.
Establish referral reward programs
Ask customers to refer others to your business and offer discounts in return for these leads. For instance, for every three referrals that result in a sale, offer percentage off on merchandise or services.
I recommend: Download a customer referral list from
BusinessOwnersIdeaCafe.com or create an online refer-a-friend form using
Logiforms.com software.
Host exclusive sales
Hold invitation-only sales for your repeat customers. Give loyal customers the first shot at discounted merchandise by inviting them to preview and purchase items the night before a general sale begins. Online retailers can offer special discounts to repeat customers by emailing coupon codes that can be redeemed during checkout.
I recommend: Find industry-specific business invitations at
InvitationConsultants.com or select from dozens of email invitation templates at
Constant Contact. Online shopping cart software, such as
MonsterCommerce.com, lets customers enter coupon codes to receive discounts during checkout.