Success With Customer Relationship Management By Frequency of Purchases
Posted by Linda in Consumer Market Segments, tags: Success with customer relationship managementSuccess with customer relationship management can enhance your marketing if you use market segmentation to provide customized services and offers to your customers.
This series of posts covers three ways to segment customers. I covered segmenting by your customers’ buying behavior yesterday. You can access that post by clicking the link below.
Success With Customer Relationship Management By Buying Behavior
Today’s post will cover segmenting by your customer’s frequency of purchases, and tomorrow’s post will cover segmenting by demographics. If you’re coming here after it’s published, you can access it from the link below:
Success With Customer Relationship Management Using Demographics
Success With Customer Relationship Management
By Frequency of Purchases
The frequency of purchases that you can expect from your customers depends on the type of products or services that you sell.
Success With Customer Relationship Management
For High Frequency Purchasers
Consumable products have the highest frequency of purchases. If you sell consumable products such as cosmetics, food, and vitamins, your good customers should buy several times per year. For some products, they’ll buy monthly.
You should keep records of what your customers buy and let them know when their favorite products are going to go on sale or be a part of a special promotion.
By emailing them or sending them a card about the sale or promotion, you are providing them a service that they will appreciate. Many will visit your store again, where they will often by additional products. It’s a win-win.
Success With Customer Relationship Management
For Medium Frequency Purchasers
Good customers buy other products less frequently because they just don’t need them as often. These products include clothing, costume jewelry, small appliances and small electronicics
Good customers in this category generally buy a couple of times a year. You can encourage them to make both purchases with your business by emphasizing new and fresh items and by informing them of discounts and sales.
Email and direct mail work effectively to inform them of new products and new opportunities to save on products.
Success With Customer Relationship Management
For Low Frequency Purchasers
If you sell expensive products that people don’t need to replace very often, they will naturally buy from you less. For instance, if you sell furniture or large appliances, your customers won’t repeat their purchases until years later.
However, they may buy other related products if you keep in touch with them and offer them great customer service on their purchases.
For example, a customer who buys a refrigerator may need a dishwasher the same year. A customer who buys a bedroom set may soon need a living room set.
Success With Customer Relationship Management
By Frequency Of Purchasers
Conclusion
By keeping in touch with your customers, you improve customer relations while also improving your sales.
Your customers will appreciate knowing that you are thinking about them “after the sale.” They will likely purchase from you again because you have customized your offers and communications to them according to their prior purchasers.
Because customized offers build more loyal customers, you get more repeat business. Because you treat each customer as someone who is special and important to your business, you also increase your success with customer relationship management.
Want to know how to find more new clients and sales prospects? This eBook covers many strategies, including referrals, cold calling, getting to decision makers, elevator pitches, Internet marketing, and more. Check it out.
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Posted 8-14-08:
Success With Customer
Relationship Management
By Frequency of Purchases











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Small businesses are always thriving for additional sales, as are large corporations. Water Heater
Water Heater,
Marketing is the way to increase sales in all businesses on-line and off-line. So keep coming back for more marketing content.
Warmly,
Linda
Hi Linda! I love the concept of staying in touch with my customers. I’ve been very lax in this area. I recently sent out a bulk email with a sale item. Although no one took me up on the sale, I did have a previous customer return and place a very nice order. I think I will try to stay in touch with them at least on a monthly basis, maybe even weekly with either something on sale, a safety tip or a reprint of one of my forum articles. Thanks, Linda, for this great information. Deb
Hi Debbie,
I don’t stay in touch as well as I should either. But people who really make money off their lists do. I too am trying to do better.
I know it’s discouraging when you send an offer to your list and don’t get a single sale. But sometimes it does lead to different sales as in your example.
Perhaps I’ll do a post or series on maintaining a receptive list. There’s lots of good information available. I’ll see what I can accumulate to share on my blog.
Warmly,
Linda