Reactivating Inactive Customers
Want
more customers? Try reactivating customers who haven’t purchased from you in a
while. These are people who have already shown an interest in your company and
your products by purchasing from you in the past. When looking to boost sales, they are a
natural place to start.
There
are two ways you can approach these customers.
First
is to simply attempt to re-engage them with discounts, special offers, and
surveys to find out whether they are still engaged with your brand at any level.
If they are no longer purchasing from you, you want to find out why. You can
use static re-engagement mailings, personalized re-engagement mailings, or
personalized URLs for feedback and surveys.
Second
is to use outside data resources to gain insight into inactive customer
behavior and thereby increase your chances of re-engaging with them.
Let’s
say you know that your inactive customer purchased from you 90 days ago, but
before that, it was 240 days ago. You might also know the size, color, and item
purchased. A list agency like Epsilon can often give you significant additional
information on these customers. For example, it might tell you that this same
customer purchased 35 days ago from a competitor, has purchased seven times in
the past year with your competitors, spends an average of $150 with each order,
and that his or her last purchase was 15 days ago.
That is
tremendous insight that can help you understand how to re-engage with that
customer again. In fact, Epsilon found that while response rates to rental
lists averages 1.2%, response rates from house files averages 2.68%. It might
take a little more work, but the return is far better.
So
before looking outside for new customers, consider rekindling relationships
with inactive customers. Use your existing data and additional third-party data
to guide your messaging to re-engage those customers and get them purchasing
from you over and over again.
Director of Marketing and Business Development
“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”
― Maya Angelou
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