Turn One-time Buyers Into Multis
Avoid a one-buy-and-out by investing in long-term customers
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The amount of time to payback the investment — normally one year — can be reduced by developing a strategy to convert one-time buyers to two-time (or more) customers. More can be done with this large group of buyers than simply re-mailing them as part of your normal mailing cycle.
Don’t Think Short-term
I’ve always felt catalogers take a short-term view with respect to prospecting by focusing mainly on the initial results. For example, catalogers expect a particular prospect list to achieve breakeven the first time it’s mailed. Often the list or segment is dropped if it doesn’t.
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- Companies:
- Lett Direct Inc.
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