Customers are at the heart of any business. It sounds obvious, but it’s also worth taking a moment to think about. Happy customers who like what you offer spend money with you and then come back time and again are invaluable to your business. As a small business owner, you want to find more of these customers, and find a way to keep hold of the ones you have. So, how can you keep hold of those repeat customers? Try using a membership card program. Membership cards are great way to reward your loyal customers and keep them coming back to your business. Here are some additional benefits they can provide to small businesses.
Encourage customers to stay
One of the greatest benefits of membership schemes is the simple fact that membership cards are a great way of promoting customer loyalty. From rewards for length of time spent as a member of a scheme to points that rack up the more a customer spends, a well thought out membership card scheme gives your customers concrete reasons to stay with you. Knowing that they’re building up towards rewards, discounts or free gifts is an incentive to keep spending their money with you, establishing your business as one that gives back great value and then some.
Give new customers a reason to spend with you
Loyalty card schemes aren’t just for your existing customers – they can be a powerful marketing tool for gaining new customers too. When competition is stiff, an impressive membership scheme can set you head and shoulders above your competitors, showing potential customers that when it comes down to it, your business offers more. A membership card can also help persuade your new customers when it comes to making that first purchase decision, offering them future rewards if they spend with you now.
Assist with setting the most profitable prices
Naturally you want to set your prices at the optimum level to increase your profits. Membership cards can help you with that. By helping you to pick out your loyal customers, the ones who offer value to your business over a long period of time, you can focus on special prices for customers who are going to make it worth your while to do so. This prevents you from losing money on offers that won’t really draw in loyal customers. You can offer your best prices to your best customers – a win-win situation for everybody.
Gather data that you can use
Business data is big news these days, and with good reason. Collecting and analysing data gives you an insight into what is working in your business and what isn’t – which means that you can focus on what works and let go of what doesn’t. Membership cards that use a magnetic strip can be used to harvest point of sale data that you can later take a look at for helpful insights. You’ll get a glimpse into where customers are spending the most money, and when, which means you can tailor your offers to tap into their specific interests.
Build customer relationships
Building customer relationships can be a tricky thing, but it’s key to your business’ survival. Strong customer relationships help your customers to feel personally valued by you as people, not just numbers. Membership schemes can help you with that. Not only can you better focus what you offer so that your customers receive deals that seem handpicked for them, you can use the data you gather to get a clear picture of each customer. For example, you can use your membership scheme to add a personal touch. Things like a tailored offer or a message on a special occasion such as a year of being a scheme member or even their birthday will strengthen your customer relationships.
A membership card scheme is a smart investment for your business that will help you retain the kind of customers that you want and need, and help you better understand what they want from you.