Starting your own business
Accounting and bookkeeping: A guide for sole traders
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SEASONAL
It’s not just about making a sale, creating deals, or churning a profit in my journey as an entrepreneur. I want to create a major impact and change by being in divine service to my customers. What motivates them? Why do they choose to start their day with you on Instagram? What do they want more of in your business? If you employ a few simple customer relationship management techniques, the rewards could be exponential.
I’m the founder of Tai Life Media, LLC, and Morning Mindset—an extension of Tai Life Media—and BROWN GIRL jane. When I’m not planning and strategising for new products, retreats, or events, I’m hosting conversations directly with my consumers, and weaving my way in and out of market research surveys to get to know them on an intimate level. Christmas is an important time for me to put all of that consumer behaviour knowledge to good use.
My customers (or tribe, as I like to call them) are still my primary focus. Developing a relationship with your consumer, and getting to know them, is vital to understanding their needs and spending.
You need to get to know your customers like you know your best friend. One way of practising good customer relations is through engaging with customer feedback. For example, by learning our customer needs and spending, my team and I decided to add a subscription plan. We then saw an incredible return rate for our customers. If you are not engaging with your consumers daily, you’re missing out on a huge opportunity.
As small business owners embark on this festive season, you must do several things to continue to drive business, nationally and/or locally, and increase customer retention during your busiest time of year.
Though the goal is to increase Christmas sales by taking advantage of Black Friday and Cyber Monday, or simply the drive to buy gifts in the lead up to Christmas. The key is that customers don’t want to feel sold to. While you may increase discounts, your messaging should continue to reflect your brand ethos and mission. This focus is what sets you apart from others. Your loyal customers continue coming back, and new customers see you as standing out from other brands just wanting a quick sale.
Offer them something special. How can you honour loyalists? Sending them special and exclusive offers is likely to increase their spending. Do so in advance of Black Friday, as Black Friday can be a big day, bombarding customers with so many deals. Get ahead of it by letting your loyal customers know how much you appreciate them before the Christmas shopping rush is in full swing.
To the point above, Black Friday this year is more like Black Monday. In other words, most brands will begin sales earlier. So if you were planning to offer something special on Friday, consider doing so earlier on Monday or Tuesday. But first, check your higher traffic days and trends to ensure you’re catering your deals and sales to your customer base and when they’re actually shopping.
Examples of bundle deals include buy one, get one free and two items for the price of one. These offers allow new customers the opportunity to try multiple items, increase product sales, and ultimately give a steady increase in profits.
As an entrepreneur, you’re constantly evolving to grow your business. I’ve gained many new skills, but I’ve realised that my customers are the most important asset to an enduring brand.
Get to know your customers. Celebrate them. Anticipate their every need, and you’ll become an agent of change and create a lasting social impact. Your success will be inevitable, especially as we move into the Christmas shopping period.
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