It's About That Time!
Jason Berry |
Friday, November 26, 2010 at 7:47AM | If you live in this country, you've heard of either black friday or cyber monday. There's no escaping it. It's no longer accurate to say that the holiday season is around the corner, it's already here. Whether you run an online store or are strictly brick and mortar, this is undoubtedly the busiest time of year for all businesses.
Planning Ahead
A lot of thought goes into planning ad campaigns for the holiday season. You should know your customer base pretty well by now, and if you're not planning your campaigns around them you're setting yourself up for failure. You should know your average order amount and which promotions & incentives inspire your customers to take action. This is inarguably the time of year with the fiercest competition and the lowest profit margin, yet you can make out like a bandit if you're well prepared. Below are a few tips to keep you in the black.
1 Stack 'em high.
Nothing says "cancel my order" faster than the word backorder. With so many other companies selling the same thing out there, customers want to know whether or not you have what they want. While there is a chance they may want to keep the backorder, the odds are better that they will just tell you to cancel the order and find it elsewhere. Be honest with your customers and let them know if you have it in stock. If you anticipated the demand, you should be in good shape.
2 Get it out the door.
There is nothing more frustrating than getting repeat phone calls from the same customer about an order. Regardless of whether or not you supply a tracking number, some customers will still call you for tracking information. If their order is 5 minutes late they WILL call you again. Orders should be shipped promptly and whomever answers the phone should have tracking information front of them at all times. Your customers will appreciate this.
3 Extend your promotions
The only thing customers love more than a deal is an exclusive deal. If you're willing to take a small hit on the upfront price you'll make it up in volume and your customers will rave about you. Extending your promotions until the next promotional period is a good way to keep your customers involved and thinking about you. If you're willing to extend your holiday pricing to the first of the year, customers will take advantage.
4 Watch the clock
Courier services are inundated with packages this time of year. Make sure your customers are aware of blackout dates and any possible delays in shipping to ensure that their packages arrive on time...unless you like processing returns.
5 Leverage technology
People like to brag. They can't wait to let their cronies know about the sweet deal they just got. Help them. Allow them to share their purchase with the rest of the world. While I would normally recommend social media interaction, even email will do. This is the best type of internet marketing you can get, because it's free. Turning your customers into brand ambassadors could be as easy as adding a like button to your receipt page.
I hope some of this has got your wheels turning on ways you can boost your bottom line. Did I miss anything?
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