Do you have a favorite offline local (family) restaurant and or ice cream parlor that you like to frequent?
Tons of local small businesses inadvertently benefit from the total lifetime value of a customer concept, without necessarily really understanding it.
Meaning- because their particular small business (and or) service has been in the family for several generations and over that time they’ve really gotten to know several of their patrons and their immediate family members (meaning) kids and grandkids etc.
They’ve been able to bond and continue to pay the bills.
And (hopefully) grow their enterprise as a direct result of the steady cash flow generated by all those additional generations of family patrons that continue to shop where (both) Mom & Dad and their grandparents before them did as well.
Sears is a great example of this concept in action.(Although sadly, as of late, Sears is a mere shell of what it once was.)
This post is going to offer five incredibly simple ways to extend,stimulate and capture up to 25% more of your ideal customers/clients disposable income by giving them more (and ) better incentives to spend more money,than your major competitors currently do. Continue reading