Increase Your Sales - Creative Programs
That Work!
Stop! Put down that pen. Don't sign off
on another new item for your business until you have accomplished a key element
to increase sales - meeting customer needs! In the last few articles we have
talked about micro marketing and integrating your message through every aspect
of your powersports dealership. Both strategies are essential to success yet
both rely on a basic building block, that is, knowing your customer needs. The
biggest advertising budget in the world is worthless if a owner doesn't really
know his customer and his highest level of need. The successful business today,
one who is experiencing the joy of increased sales, is the one who knows the
customer, the need and then creates and integrates programs that address that
need.
Far too many businesses make the mistake of offering programs that may approach
the customer well up front but really do nothing to satisfy the needs and offer
solutions. What's the point of rewarding your customer with a handy dandy
seven-function clock radio when her real need is to buy one more pair of jeans
for her rapidly growing son? That's just what a large retail store has done with
its program that awards future discounts for customers who purchase frequently
in the children's clothing department. Under the program, customers' purchases
are tracked in a point of sale computer database until their purchase total
reaches a certain amount. At that point, the customer is rewarded with a
percentage discount on the next purchase. The amount of the discount is
proportionate to the level of purchases accumulated. Result? Customers are given
incentive to buy and save, instead of receiving yet another radio to find a plug
in for! Tracking research has shown that when customer redeemed their savings
discounts, they were spending more money in the children's department than they
had spent prior to implementation of the program. Challenge yourself to really
meet a customer's need and reward yourself with increased sales!
DISCOVER THE PRIMARY CONSIDERATIONS
Before implementing any promotion or program however, we need to make sure we
can effectively and tangibly meet the need. To do that, we must identify key
considerations or the highest level of need. For example, the department store
was able to define that people who buy children's clothing want value pricing,
item popularity, brand selection and durability. Are you able to identify the
highest levels of need for your CDM (Central Demographic Model) or in other
words, the customers who have the greatest need for your products and or
services? Typically, customers don't replace or upgrade a big-ticket item like a
speedboat every six months; more likely, a high level of need will exist in the
area of service. Do you know what it is your customers need and want in service?
Is it free pick up and delivery? Is it on-site service within a certain mile
radius? A regular service check every six months or every 2,500 miles for the
first year after purchase? After identifying and studying the CDM for an upscale
car manufacturer, I helped him improve his service and increase sales. We
implemented the following programs that satisfied customer needs:
- Free maintenance service for
twenty-four months built into the sticker price as standard equipment.
- Regular maintenance service at
2,500-mile intervals at the customer's convenience. The customer called the
dealership to request service. A service technician logged the order, arranged
to pick up the car at the customer's home in the evening after work. The
vehicle was then serviced and back in the customer's garage before leaving for
work the next morning.
Simple solutions that meet customer
needs and increase sales. What customer wouldn't love to know his vehicle would
be serviced while he slept and that it would be back in his driveway before the
sun comes up? Can you imagine how sales might increase in the business where a
pre-season and post-season check up were provided as a bonus with the purchase
of a mountain bike? AND. . . you picked up and delivered their bike after
service! Consider offering a future purchase savings bonus for customer
referrals. For example, if one of your customers refers another customer to you
and a sale is completed, your original customer receives a special thank you
card in the mail rewarding him with bonus points towards the purchase of
accessory items. Remember, when it comes to customer satisfaction the key is not
to just meet the need, rather to exceed expectations!
MAKE IT TANGIBLE!
It doesn't matter what business you may be in, the target is to narrow down your
CDM, identify the highest levels of need and then meet and exceed the need. Just
make sure the program you use to accomplish that can be seen in the minds of
your customers and then be tangible. A freebie mini-clock radio just doesn't fit
the bill. I know of a couple whom recently purchased a family mini-van at an
upscale dealership. Not able to purchase a brand new vehicle at the time, they
opted for a pre-owned model. Their greatest level of need was not a new van, but
for a more moderately priced one with the assurance that repair costs would be
minimal. The dealership offers a warranty program that guarantees for the first
six months of ownership, they pay 50% of any service and repairs. As a result,
the couple ended up buying another vehicle at the same time! Meet the need -
increase sales!
ARTICLE TAGLINE FOR THOM WINNINGER
Visit Thom's website at http://www.winninger.com
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