3 marketing strategies
Marketing strategies vary depending on the Develop a strong nature of the business, industry, audience, and other factors.
If you are a business owner, sooner or later you c level contact listwill have to ask yourself certain questions.
- How can I get more customers?
- How can I get my customers to buy more?
- How can I create better collaborations?
- Is there a better way to advertise to my target audience?
Below we give you three strategies for attracting more customers and generating more profits .
Strategy 1:
You need to understand the lifetime value of your customers
Every business owner needs to understand the lifetime value of their customers.
This is the total profit a customer will bring to your business over the lifetime of your transactions.
The following example will help you understand why it is so important to know this number.
Let’s say you own a book store. If a Develop a strong how behavior shapes marketing strategies customer spends $50 every time they come into your store and visits once a month for 4 years, then your customer is worth $2,400.
Think about the amount of money you would lose if you were considering just one transaction from this client.
Strategy 2nd
Grow your list of potential customers.
Always collect their names, emails, and other contact information.
How will you stay in touch with them if you don’t collect this information?
Another way to get information from your new potential customers is to create a contest in which there will be a prize.
If all business owners were to implement this marketing policy, they would protect their businesses despite the tough competition and the general economic crisis.
Strategy 3rd
Be in constant contact with them and update them contact lists regularly through Social Media (facebook, twitter, linkedin, pinterest) (with press releases – e-mail marketing , with news and updates from your area, with useful tips, etc.).
It never hurt any business owner to personally pick up the phone and talk to their customers.
On the contrary, it helps a lot when the customer needs to buy something. Be at the top of their list of preferences when they think about making a purchase.