We all know as consumers that the advertising world is a noisy one.
Stepping into the role of the business owner can easily prompt you to counter this by shouting as loud as possible, to win as many customers as you can.
Not that this doesn’t make sense. Staying competitive with relevant brand messages has never been more important, but, it can also blindside us to one vital thing; retaining customers is also paramount to the success of a business.
In fact, a study in the book Marketing Metrics reported that you have a 60-70% chance of selling to a repeat customer, compared to a 5-20% chance of wrapping up a sale with a new lead. So in this blog, we ask how can you effectively communicate with existing customers to build engagement, and develop brand loyalty.
One of the tried and tested ways to effectively sell to both new and existing customers is through marketing automation. How about that? With one powerful approach, you’ll be hitting the mark with both prospective and converted leads.
What is marketing automation, you may ask?
Well, quite simply, it’s a way of using a lead’s email address to fire through a series of communications through an automated system.
This saves you time by doing all the legwork, helps you to build those relationships, and keeps people interested.
Through simple, yet sophisticated automated systems like Drip you can begin to see how your customers really feel about you, helping you to work smarter, convert more leads into customers and more customers into ambassadors for your brand.
What marketing automation can do for you
Marketing automation has many uses beyond the headline of developing client relationships. It can help you:
Create workflows. What do we mean by this? Quite simply, you can start off with a welcome email, then nurture that prospect throughout the sales funnel. This can also be used to develop the conversations you’re already having with converted customers.
Segment customers and communicate with them directly. So whether that’s asking them specific questions to refine your product offering or tracking loyalty with your customer base.
Personalise your communications. From there, you can send out the right content to the right people. This enables you to stay relevant and deliver something that’s of real use to your customers, right to their inbox.
Identify further opportunities. By keeping lead scores for each customer, you can also find out which prospects are open to new offers, are actively engaging with you, and those who have switched off.
The great thing about marketing automation is that it allows you to create a long-term communication plan that’s targeted to individual customer’s needs and preferences, with minimum effort.
This in itself will take the standard of your communications to the next level, and build brand engagement.
But when you’re looking at how you speak to your customers, make sure your plan goes beyond those initial stages.
Building a relationship is one thing, continuing to make it grow and encourage brand loyalty on a long-term basis is another. The key is to continue the good work.
Keep asking your customers what they like, and what they don’t. Use their feedback to streamline your messaging, and don’t fall into the trap of believing that your existing customers are happy to sit tight, while you try and attract attention from the shiny new prospects.
The real power of technology like marketing automation is after all, in its capacity to create an ongoing content strategy that really adds value to your business.