Home > Operations > Customer Retention > Offering Repeat Customer Discounts


Toni Klym McLellan

Guide to Offering Repeat Customer Discounts

Low-cost discount programs that lead to increased business


Extremely
Useful
8.0
out of 10

Add Your Comments
 
 
Email Guide to Offering Repeat Customer Discounts to a friend
Save the Guide to Offering Repeat Customer Discounts to My Work.com Favorites
Print the Guide to Offering Repeat Customer Discounts
link to this page
Save to del.icio.us
digg it!


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:

  1. Make customers feel valued.
  2. Encourage additional repeat business.
  3. Provide a great excuse to make frequent and recurring contact, keeping your company on customers' radar.
  4. Can be tied to just about any reason or season.

Action Steps
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.

Tips & Tactics
Helpful advice for making the most of this Guide

  • A little good will can go a long way — display an "attitude of gratitude" when redeeming discounts.
  • Don't fret about discounts cutting into profits; repeat business means increased sales regardless of discounts.
  • Show good faith when providing special offers — don't haggle with customers over promotions; use every conflict as an opportunity to connect with customers and gain repeat sales.

Featured Vendors

Sage CRM Solutions Services
Customer Relationships Made Easy. Retain Customers & Improve Sales. Learn More And Try A Demo Today!
www.SageCRMSolutions.com

Customer Service Rates
Compare Rates & Services and Save. Visit Now for Free Price Quotes!
CallCenters.BuyerZone.com

Customer Relationship Management Software Directory
Compare CRM software using Capterra's free, comprehensive directory.
Capterra.com

Compare CRM Service Quotes - AllOptions.com
Receive Multiple Phone Quotes. Compare rates, services and solutions quotes for CRM from multiple vendors. Free, no obligation.
www.AllOptions.com

Subscribe to

Try our free weekly WhatWorks newsletter, with business how-to advice
& resources from Work.com.

click here to view a sample issue
 Related Resources from Business.com Back to top 
 Recommended Solution Providers Back to top 

Offers pre-packaged and ready-to-go loyalty programs, a cost-effective way for small businesses to immediately target and reward their best customers.


 Best Sites to Learn MoreBack to top 

Dozens of in-depth, informative articles on ways to target repeat customers and create customer loyalty.

Read the online magazine devoted to issues concerning customer loyalty programs. Includes many articles on in-store discounts.


  Best Blogs and Forums Back to top 

This weblog contains several entries on how to create a loyalty reward program for your small business.


  CommentsBack to top 

Loading Comments...


Add Your Comments


Email Guide to Offering Repeat Customer Discounts to a friend
Save the Guide to Offering Repeat Customer Discounts to My Work.com Favorites
Print the Guide to Offering Repeat Customer Discounts
link to this page
Save to del.icio.us
digg it!


Is any content on this page inappropriate? To let us know, please click here.

Ads by Google






  Related Guides



Ads by Google







  Related Topics


 


© 2008 Work.com, Inc. All Rights Reserved. Work.com is a property of Business.com.
Help | About Us | Site Map | Terms of Use | Privacy Policy | Community Policy | Community Blog | Advertise on Work.com | Contact Us / Feedback | Work.com Feed