How To Grow Your Business On A Shoestring Budget
There are three, and only three, ways to increase (grow) your business. These are:
1. Get more customers;
2. Get your customers to buy more;
3. Get your customers to buy more often.
The tactics to cover all three ways would fill a 190 page book* so, in this article, we’ll cover just one component of one of the three strategies, getting your customers to buy more often.
OK! So you want me to prove that I know what I am talking about, hmm?
How can you encourage customers to buy more often? Big businesses do it with loyalty programs. Airlines do have their frequent flier programs. Credit Card companies have their Rewards programs. Many large oil companies, department stores have loyalty programs.
But they all have one thing in common. They’re BIG!
But what if you’re a small or medium business. How can you afford to set up and administer one of these loyalty programs? How can a corner deli, a small hairdresser, a local hardware store, absorb all these costs? How can you compete?
That’s a lot of questions. Let’s answer them for you.
Most small businesses, and probably you too, have said, I can’t compete with these giants and their loyalty programs, they are just too costly for my business.
One way is to co-operate with other, non-competing businesses, where a number of you in a locality or mall, get together and share the costs of the venture, thereby reducing the individual cost. That’s worth thinking about. But that’s not what we’re here to help you with today.
Every business needs, and should have, a loyalty program. That’s a fact of life.
And you can have one too Today!
It won’t cost you an arm and a leg to set up, and it won’t cost the other arm and leg to run. Nor will it take much of your time. It’s quick, easy and you can have it today.
So Listen up!
Have you ever used a Subway
Tags: budget, business growth, customers, increase, Marketing, secret, secrets, shoestring, Simple