Is your website feeling a
little lonely lately? Are you like the webmaster who sees how his site is all
dressed up for prospects to drop in for a visit … with oh, so much to tell, so
much to share… and yet it just sits there hoping someone will enter its awesome
URL in the browser field?
Well, there’s certainly
more than one way to win customers and influence prospects in the online
marketplace. And one of the most effective strategies for getting people to
click through to your site is through the use of effective banner ads.
(“Effective” being the most important word in that sentence.)
Banner ads should be at
the forefront of your marketing strategies in order to match your site with the
prospects it deserves – and not as an afterthought that’s thrown together
quickly. After all, your goal is not just “Let’s add some banner ads,” but to
look for ways of creating highly effective banner ads that will get you clicks.
To do so, ask yourself these questions:
Where is your traffic coming from? Assuming you’re already
using banner ads but want to make them more effective, study what’s happening
with what you’re already doing. Give a close look to your metrics to understand
the traffic your ads are currently generating. Where is it coming from and what
can you learn from these activities?
Where is your traffic going? You surely want to know
not just where your visitors are coming from but where they are going on your
site. For example, if your banner ad directs to a lead-capture form, the call
to action may be: “request a free estimate now.” Or if you’re leading to an
informational online video, your call to action may be, “learn more.” Look for
what you can learn from what’s taking place on your site.
How well do your ads communicate value? Though not in these
words, effectiveness is determined by a prospect’s ability to answer this basic
question: “If I’m your ideal prospect, why should I click on your ad rather
than any of your competitors’ ads?” Effective banner ads answer this question
sufficiently; ineffective banner ads under perform. Keep your message focused on
your prospects, so your website will be lonely no more.
Successful Strategies Preferred
Apparently,
not all customer retention strategies are successful. This news came from
research released by Acxiom, Loyalty 360 in which 84 percent of companies said
that they make customer retention marketing strategies a part of their
campaigns.
This was a
survey of 129 executives – not exactly the same as surveying the world. Still,
they lacked satisfaction. Only about half – 48.8 percent – believe their
strategies are effective; 12 percent didn’t believe they worked at all. Reasons
determined? Lack of budget and effort. Unfocused strategies.
So what can you do to make
sure your customer retention strategies are proven successful? Don’t take the
lead of those 129 executives. Instead, point your focus to the areas they were
missing: budget and strategy.
Customer retention, if it is
to be a “strategy,” must involve: planning, tactics, application, measurement.
Planning also involves budgeting. For example, in our current budgeting model
for the moderate marketer (invests 6-8 percent of sales in marketing), 11
percent of that should go towards customer retention.
The average business loses
20 percent of its customers each year (for some it’s as high as 80 percent)
just because they didn’t tend to the relationships. For contractors, tending to
relationships looks something like this:
·
Thank
you cards, calls, emails after service/installation
·
Newsletters
with helpful home content
·
Maintenance
agreements to keep you “economically” connected
·
Reactivation
letters to bring the straying back into the fold
·
Referral requests
to bring more in
·
Social media
content/interaction to stay connected and in sight
Keep this in mind: A
business that retains 80 percent of its customers each year, and adds new
customers at a rate of 20%, has no growth. But if it retains 90 percent and
adds 20 percent, it has 10 percent growth which, in seven years, doubles their
customer base. How’s that sound?
Let a Hudson,
Ink Marketing Coach help your business. Email one today at coaches@hudsonink.com.
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