How Really Savvy Retailers Create Additional Income Streams!
Whether you’re an extremely savvy retailer and or a semi cash strapped, small business owners and or service provider.
You’re definitely, constantly on the lookout for some rather non techie, inexpensive ways, to generate some additional income streams, correct?
But without a doubt, you’re gonna need to constantly invest, your extremely hard earned money, on some type of marketing and or promotional strategies, are you not?
And when you do, you definitely want to create and or generate, tons of bank account filling marketing leverage. Correct?
The remainder of this post, will reveal at least three relatively under utilized ways, for you to do so.
How Some Market Tested Client Retention Strategies Help Take Your Business And Or Service To The Very Next Level Or Two!
To properly set the stage and start things off right.
Let’s suppose you currently run, a single location, retail appliance store. And your ideal customer, currently has a total lifetime customer value metric, of somewhere between $5,500 – $8,500 dollars.
Give or take, or the next 5-7 years. This is more than enough, gross front and back end spread, to consistently generate, a ton of positive word of mouth and mouse buzz. Don’t you agree?
Simple Buzz Marketing Strategies And Or Tactics Which Definitely Help Get The Word Out!
Say for example, your retail appliance center is located in one of your cities, 2nd most popular malls.
And one of the non directly competing vendors, you form a joint venture, (JV), strategic alliance with is a food court vendor.
But here’s how it works.Every time, one of your “Preferred Customer Club” members, (who initially) spent over $1,000 (or X) amount of dollars with you.
After that, they will receive an extremely time sensitive, $5 dollar credit, discount coupon to the food court.
And every time they bring a friend with them, (whose at least 18), an additional $2 dollar credit, will be added to the app, they downloaded, which carefully tracks all their food court activity, with this particular vendor. 😀
Use Your Various Ethical Bribes To Consistently Make More Money!
Remember, all “Preferred Customer Club” members, initially spent at least $1,000 (or X) amount of dollars, in order to gain entry into the club, correct?
So you can rest assured, the vast majority of their personal and or professional inner circle, earns about the same amount of income, correct? 😀 For sure.
Which means, a certain percentage of them, are definitely in the financial position, to spend at least $1,000 dollars or more, at one time, in order to gain entry into the very prestigious “Preferred Customers Club.”
And one of the most outstanding perks is.Not only are the “PCC” members, on the retailers VIP, opt in email list.
They are also, VIP mobile marketing subscribers as well!
Your Word Of Mouth And Mouse Strategies Can Literally Stretch Your Marketing And Or Promotional Dollars Quite A Bit!
Case in point. On average, about a week to ten days, before you start running any, outrageously expensive, traditional advertising campaigns of any kind.
You send your “PCC” members, who are also on your separate mobile marketing list, at least 3-5, extremely time sensitive pre sale, alert notices.
Because remember, on average, your typical text message is opened, within three minutes of initially being sent. 😀
So your high end customers, will be pre-alerted, to every up and coming sales event, about a week to ten days before the general public is. 😀
How To Build A Sales Funnel Which Constantly And Inexpensively Gets The Word Out!
And here’s the really cool part, which definitely helps spread the buzz, both on and off of social media.
Obviously every mobile marketing subscriber, who receives a time sensitive alert, will definitely save money.
However, those who bring a friend, (whose) at least 18.The first three of them through the door, who spend at least $100 (or X) amount of dollars.
These VIP mobile marketing subscribers, will be ethically bribed!Because they’ll save, anywhere from 40-85% off the retail cost, up to the 1st $1,000 (or X) amount of dollars spent!
Say what? 😀 Think about the constant, long term, positive, viral word of mouth and mouse buzz, a simple marketing strategy like this will inevitably create. 😀
In part two, you’ll discover at least, three more, battlefield tested ways, extremely savvy retailers, can definitely create additional income streams.
See you in just a little bit, okay?
P.S.Now as is customary during this part of our show.
Please share your extremely valuable comments (in the comments section below) that you can
apply to your business, product or service in the next 30 days or less!
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