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This is how I look after previous customers |
They're gone, let's look for a new one |
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5% |
[ 1 ] |
I have records, but don't really use them much |
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15% |
[ 3 ] |
I contact them all with the same information and offers |
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0% |
[ 0 ] |
I have plenty of information and use it cunningly, tailoring offers to select groups or individuals |
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47% |
[ 9 ] |
I hadn't thought about this. Wonder if I should? |
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10% |
[ 2 ] |
Oh, shut up. Have a weasel. |
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21% |
[ 4 ] |
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Total Votes : 19 |
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RichardW
Joined: 24 Aug 2006 Posts: 8443 Location: Llyn Peninsular North Wales
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Cathryn
Joined: 16 Jul 2005 Posts: 19856 Location: Ceredigion
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Nick
Joined: 02 Nov 2004 Posts: 34535 Location: Hereford
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Posted: Sat Mar 15, 14 8:31 am Post subject: |
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RichardW wrote: |
This thread is very timely for me as I am just about to launch a new venture.
Our customers will in the main be very time limited as once they have used our service it is very unlikely they will need it again.
One of our plans is similar to the offer Nick mentioned to Ty Gwyn, IE give existing customer free stuff if they bring in a new customer that stays long enough.
The free stuff could at its worst cost us 20% of the initial new order but research says that if the new customer stays long enough to hit the level of giving the free stuff away then they will stay for the duration of their need & then the cost will be more like 2.5%.
That looks much better than the industry standard way of gaining new customers by giving a big intro discount (over 50%) on a new customers first orders. With that model lots walk after the deal ends to find new deals with other suppliers.
In the end this cost the customer as they need much much longer to not need the service. |
Your customers will be one shot guys, obviously, but the vast majority of them will be 17/18 and everyone they know will be looking for the same service. Manage and incentivise them right, and you're made of gold; but get it wrong, and bad news spreads, I guess. So, what's a lesson, �20 or so? Half price lesson for every friend you introduce? Only you know the figures, but I'd guess its a no brainer to attempt to network through your clients. |
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Rob R
Joined: 28 Oct 2004 Posts: 31902 Location: York
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Nick
Joined: 02 Nov 2004 Posts: 34535 Location: Hereford
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earthyvirgo
Joined: 24 Aug 2007 Posts: 7972 Location: creating prints in the loft, Gerlan
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Rob R
Joined: 28 Oct 2004 Posts: 31902 Location: York
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chez
Joined: 13 Aug 2006 Posts: 35935 Location: The Hive of the Uberbee, Quantock Hills, Somerset
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RichardW
Joined: 24 Aug 2006 Posts: 8443 Location: Llyn Peninsular North Wales
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Posted: Sat Mar 15, 14 1:47 pm Post subject: |
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Nick wrote: |
Your customers will be one shot guys, obviously, but the vast majority of them will be 17/18 and everyone they know will be looking for the same service. Manage and incentivise them right, and you're made of gold; but get it wrong, and bad news spreads, I guess. So, what's a lesson, �20 or so? Half price lesson for every friend you introduce? Only you know the figures, but I'd guess its a no brainer to attempt to network through your clients. |
Locally the base price for 1 lesson is �23-25 then you get the block booking discounts that reduce that to about �22 on average.
As you say word of mouth (or FB) is key. I am looking at one lesson free if the introducee takes 5 lessons or more.
Will look at the implications of doing half price for every person introduced & see how that pans out.
I have been told that actual "cash back" is a great one for them too. Get nice new tenners or twenties depending on the level its set at.
I have a few customers already lined up. Longer term I have a 14 year old, so in 3 years her & all her mates will be wanting to learn. As she is at the older end of the year group she could be passed before they all turn 17. |
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chez
Joined: 13 Aug 2006 Posts: 35935 Location: The Hive of the Uberbee, Quantock Hills, Somerset
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RichardW
Joined: 24 Aug 2006 Posts: 8443 Location: Llyn Peninsular North Wales
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Rob R
Joined: 28 Oct 2004 Posts: 31902 Location: York
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RichardW
Joined: 24 Aug 2006 Posts: 8443 Location: Llyn Peninsular North Wales
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Rob R
Joined: 28 Oct 2004 Posts: 31902 Location: York
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RichardW
Joined: 24 Aug 2006 Posts: 8443 Location: Llyn Peninsular North Wales
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