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NL Report Magalog Fall 2012
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• BuyMore• StayLonger• PayMore• ReferMore
…Andabsolutelyraveaboutyouintheprocess!
Contractor Marketing that Works.
“How Can I Get My Own Customer Retention Program?”
INSIDE • ANewRequirementforMarketingToday• TheSecretof“GettingtotheNextLevel”• WhyYourCustomersLeave• PowerfulWebIntegration
Follow the Path to Get More CustoMers that
AT T e N T I o N C o N T R A C T o R S :7 Powerful Ways This Customer Retention Program Pays Off
Two Things You Won’t Hear Anywhere ElseDearContractorFriend,
Thefollowingmaysoundweirdcomingfromahard-drivingDirectResponsemarketingfirm:
Of all the marketing dollars you invest, CustomerRetention–thoughasmallpercentageofyourbudget–istheonemarketingtypeyouwanttoincrease.Why?
Youmay think it’sbecause itmakesusmoremoney(partly true), yet it’s actually because it means youhavemorecustomerstoretain!Prettymuchthepointofbeinginbusiness.However,
There are 2 things that media salespeople and other marketers often do not tell you...
“AcquisitionMarketing”–gettingacustomer tocallthefirsttime–isthemostexpensivemarketingtypebyfar.Infact,gettingacustomercosts6timesmorethankeepingone.Nowyouknowwhymediasalespeoplewantto“sell”youmoreacquisitionmarketing.
Thenthere’sthislittlegem:
Sinceanaveragecontractorloses 11%ofcustomerstothecompetitionbynothavingaRetentionprogram,this means you get to acquire them all over again!That’sanotherreasonadrepsdon’ttalkmuchaboutretentionmarketing. Iteats into theirsales, though itwouldmakemoneyforyou.Bottomline––
A Powerful Retention Marketing program reduces your need for expensive acquisition marketing and outperforms it.
Makesense?Nowallyouneedisapowerfulturn-keyprogramtopluginplace.Luckyyou:it’sinyourhandsnow!
HappilyHelpingYouGetandKeepMoreCustomers,
AdamsHudson
Why“High Impact Marketing” Is Required forContractorResultsNow
T here is so much distraction in marketing nowthat customers are “blind” to the ordinary orexpected. Just parking a static website, or
hopingsomeoldadisgoingtocatchtheirattentionis futileandcostly.Yetcontractorscontinue tohopefor“new”results.
You’vegottobreak freefromwhatthe“standard”contractordoes.Here’show:
Youknowthatifsomethingisunique,itstandsout.Yetafull89%ofcontractorsdon’tevenhaveaCustomerRetentionProgram!Sowhenyoudo,you’reinstantlysetapartfromthenorm.
Letme ask you,whenwas the last time you got anewsletteroranyregularfollow-upfromacontractor?Thoughtso.That’sbecausethey’redoingthesame-oldstuff,goingafternewcustomers,“hoping”forbetterresults,lettingtheirmostprofitablecustomersleave.
Yourcustomersaretoovaluabletoignore.Theycosttoomuch toget,and they’re like “gold”whenyoukeep them, build relationships and earn sales, re-ferralsandrepeatbusiness foryears.Thisdoesnothappenbychance.Ithappenswithaprogram.
That’swhythispackageisfilledwith“HighImpact”Cus-tomerRetentiontoolsproventowork.
Customer Retention Is Simple and
Effective
“ThankssomuchforyourCustomerRetention
program.I’dbeenputtingitoffuntilIgot
toit(yeah,right)butyourprogrammade
itsoeasy.Whatanimpressionitmakes
oncustomers!Thanksagainformakingmy
CustomerRetentionsosimpleandeffective.”
—Wes Hutchinson, Marke’sInc.,SC
1-800-489-9099•40MonroeStreet•Montgomery,AL•www.hudsonink.com
The little secret your competition hopes you never find out…
Most “standard” contractorsget a lead, make the
appointment and do a repairor replacement job. They handthe customer an invoice, thenassumetwothings:
1)Ifthiswasacurrent customer,theyassumethe“standard”approachmustbeenoughtokeepthem.
2)Ifthiswasanew customer,theyassumethiscustomerwillremainacustomer,aslongastheyweresatisfied.
Pretty standard, right? Yet whatmostcontractors“think”isagoodflowofrepeatcustomersisatrick-leofwhattheycouldbegetting.
See, that first-time customer isstillveryfickleandpronetofor-getwhotheycalledthenextgo‘round. Consumers get 2,100ad messages a day; you thinkthey’re going to remember thenameonyourvan6monthsfromnow? These ‘assumptions’ arebehindacommonphrasethatisthetitleofthenextarticle.
“Why Can’t I Get to the Next Level?”• The #1 reason is “CLR”
Most contractors don’t knowthat Customer Loss Rate quietlyerodes sales and eats tons ofcash. It seems that you’rework-inghardereachyear,butneverbreakthroughtothenextlevel.
You’re about to see why:
When you figure advertising,marketing, staff,overhead, fuel,missed appointments, unclosedleadsalltogether...
It costs you $225-$290 to get one customer.
So,ifyouservicethemonceandthey leave, you probably lostmoneyonthem.
The CLR among home servicecontractors isabout11%.So, ifyour database is 3,000, that’s330 customers who leave youforyourcompetitioneveryyear.
Whenyouloseacustomer,lookwhat it takes to replace theminmarketingandlostsales.
CLR is a devastating problem.
Here’s Why Customers Leave You for the Competition
5%Felt pricing was inconsistent with service.
10%Passed away or moved out of service area. Can’thelpthisone.
14%Had an unresolved complaint. Theydidn’tfeelenough“connection”withyourcompanytoresolveit.
16%Took your competitor’s offer.Saleskiller.Thesecameoutofyourdatabasefromyourcustomers.
55% Left due to your “indifference.” Thismeansyounevershowedthemyoucared!Youmaysayyoucare,buthowdoyouproveit?
Add up those last two, and71% ofyour lost customers leftyouforONEreason:youweren’ttherebutyourcompetitionwas.
Bottom Line: ProvethatyoucarewithanactiveCustomerRetentionProgram.
Find your company’s CLR above.Howmuchlossisenoughtojustifyaprogramtokeepcustomerswhostay,payandrefer?Now,youseewhyit’shardtogettothenextlevelwithoutaCustomerRetentionProgram.
Your Company Sales Volume Customer Count Customers Lost Rate
(CLR) per YearCost to Replace Lost Customers ($240)
Sales Needed to Replace Loss at 15% Net
1,000,000 2,000 220 $52,800 $150,0001,500,000 3,000 330 $79,200 $225,0002,000,000 4,000 440 $105,600 $300,0003,000,000 6,000 660 $158,400 $450,0004,000,000 8,000 880 $211,200 $600,0005,000,000 10,000 1,100 $264,000 $750,0007,500,000 15,000 1,650 $396,000 $1,125,000
10,000,000 20,000 2,200 $528,000 $1,500,000
1-800-489-9099•40MonroeStreet•Montgomery,AL•www.hudsonink.com
Look what CLR
is costing you!
“How Can I Get My Own Customer Retention Program?”
1. Boost Your Brand –Thesenewslettershaveamoderndesigntogiveyourcompanyahigh-qualitybrandandimagethatplain-Janeeffortsdonot.
2. Web Integration –Thispro-gramcombinesofflinenewslet-terswithyouronlinemarketing.Drivetraffictoyourwebsiteusingour“QR”codesandourunique“PowerPortal”whichislikehavingasecondwebsitetogeneratemoreleads!
3. Your Company name on every page –Customerswillberemindedoftenthatyou’retheirqualitycontractor.Youcan’tbeoverlooked!
4. Ads that hit buyer’s “Hot Buttons” –We’vecreatedanentireAd Vault topromotevirtuallyeverytypeofproductorserviceyouhave,readytogo.
5. “Psychological Sales Triggers” –Ourarticlesusetriggersto“nudge”readerstoproductsandservicestheymaynothaveknowntheywanted…orthatyouofferedthem!
6. Customize As You Wish –Youcanwriteyourowneditorial,choosealternatearticlesorsendyourownadstocreate“your”specialnewsletter,yourway.
7. MegaMarketer Coaching Club Included –Noothercon-tractormarketingfirmoffersthisprogram.AsaCustomerReten-tioncustomer,you’reautomati-callyenrolledinourMegaMar-keterProgramwhichincludes:
• “One-on-One” Coaching tohelpyouwithanymarketingneeds.
• Monthly Group Training withanexpertonaspecificmarketingorsalestopictohelpbuildyourtopandbottomlines.
• On-Line Training Videostotrainanddramaticallyillustratethemostprofitablemarketingtechniques.
• Monthly CD and Newslet-teronspecific,timelytopicstokeepyourtrainingfreshandexciting.
Thereisnothingelselikethisincontracting.Yourbenefitsstartassoonasyouenroll!
Just Let Us Do It for You!That’swhywe’rehere.Wedon’tdoourowncontracting,sowhyshouldyoucreateyourownCustomerRetentionProgram?
You’re 90% done right now!Justfollowthestepstobuildyourcustomerbaseintoraving,referringfans.
You do the contracting. We’ll help keep your customers… for life. Fair enough?
Newsletter Paid for Itself in 1 Week — Over 30 Calls from 1 Ad“WhenIfirststartedthenewsletterprogram,Ihadmydoubts.Imaginemysurprisewhenthenewslettergeneratedover30calls!I’mabeliever.ThishaschangedthewayIrunmybusiness.Ican’tthankyouenough!”—Phil Ward, FlynnHeating&A/C,Ne
Here’s How: SimplyselectHomeSenseforHVACorHomeXpertforPlumbingorElectrical(mainarticleschosenaccordingtoyourtrade).Then...
1Choose the quantity. Mostselectall“active”customersfromthepast48months.
2Choose your ads.Thisseason’scopyrighted“AdVault”isavailableuponrequest.JustcallaHudson,InkCoach!
3Choose Your Web Integration.YoucangetpowerfulQRcodes,acustomweb
portaltodrivetrafficorboth!
CallaHudson,[email protected]...
That’s it! We’ll take it from there!
1-800-489-9099•40MonroeStreet•Montgomery,AL•www.hudsonink.com
7 Powerful Ways This Customer Retention Program Pays Off