If you’re continuing to do business during a recession, whether it’s caused by a pandemic or other natural disaster, you have a lot of challenges ahead of you. And you’ve probably heard a lot of bad news. But there’s a silver lining: online marketing is still worth it, and still works as long as you’re just as committed to growing your business as ever. Instead of stopping your sales funnel at a purchase, keep building it into a sales hourglass that grows your referrals and builds a strong foundation on repeat business from loyal customers.
HOW TO MAKE YOUR SALES FUNNEL AN HOURGLASS
People are bombarded by branding and advertising. It’s important you make concerted efforts to stay in front of people so they keep you front-of-mind. When customers are continually aware that you’re there, and still in business to help them through a tough time, they’re more likely to re-engage. You can maintain awareness through:
- Advertising: Get the word out with paid search advertising through platforms like Google Ads, Facebook Ads, and more.
- SEO: Optimize your paid search and organic search campaigns with keywords your current, loyal customers actually use.
- Calling or Emailing: Call people or drop them an email to check in. Let them know you’re available to help and there to serve during this challenging time.
- Direct Mail: You’d be surprised how effective a card, letter, or handwritten note can be when it comes to keeping business going. Just be sure to add personal touches, and keep your tone clear and sincere.
- Video: It’s reassuring to see someone’s face and hear their voice. Video offers a way to do that readily without overspending, overstretching your resources, or posing a safety risk.
Engagement is what gets customers one step closer to a repeat purchase, or to buying new services. But it’s a two-way-street. Once you capture their attention by raising awareness of your brand, products and services, customers continue to engage with you because you’re engaging with them. If you’re not proactive, lead generation will suffer and people will fall through the cracks.
How do you make sure people stay engaged with you and your team?
- Opt-ins: Use simple opt-in forms to capture email addresses so you can share special offers, news, and other happenings via email newsletters.
- Social: Keep social channels up and running and continue posting content regularly. As always, interact with people who like, comment on, and share your social media posts.
- Appointments and Offers: Stay available for appointments (even if they have to be by phone or video for a while). If there are some enthusiastic “hand-raisers” who jump on board for these meaningful conversations, let them know you value their time with an offer.
Action and Insights
Whether it be the traditional sales funnel or the sales hourglass, taking action is the goal. The moment someone becomes a customer (or a repeat customer) by making purchases as a result of your marketing, you can make your marketing that much smarter. Don’t forget to:
- Track purchase activity for every customer in your Customer Relationship Management (CRM) system.
- Thank every customer for every purchase or service, every time.
- Provide strategic opportunities for them to write a review.
Focus on Retention
Customer retention is important for your marketing ROI. And it improves your sustainability. Keeping customers in the fold after they’ve made a purchase is critical, especially since repeat business is more likely to bolster you than new business if the economy is stagnating or trending downward. Retaining customers may not be easy, but it’s relatively simple:
- Do Good Work: Doing what you do, and doing it well, is always the best way to keep your customers and make them loyal advocates for your brand and your team.
- Don’t Be A Stranger: Find ways to check in and maintain a “human element.” This is always a great way to build trust, but especially when times are tough.
Promoting Additional Services
Now is a great time to help your customers focus on the future, and to ensure you’re a part of that vision as a necessary partner. Just like you, your customers want to grow and scale their business. You can help them do this by offering additional, related products and services and maintain contact with them.
- Empathy: Be empathetic toward their evolving challenges and offer solutions to rising and changing needs.
- Vision: During your check-ins and meetings, ask what is new and upcoming for your clients and customers. Help them envision growth and success, and offer ways you can help them get there.
Getting More Referrals
Your customers can market for you, and when they do, it’s effective. Now is the time to focus energy on a referral strategy. Referrals are one of the most powerful ways to broaden and strengthen your business during a tough time. Ask for referrals when appropriate, and likely a bit before you feel ready. A few suggestions from the DodgeballSEO team:
- Ask for referrals as part of your email marketing.
- Add “refer a friend” content to your landing pages.
- Add value for people who refer new customers with finder’s fees or other special offers.
- Send a thank you gift for referrals: gift cards, plants or flowers, or their favorite treat. Get creative!
One thing is clear, if you’re dedicated and driven to be there for your customers and clients, they’ll help you turn your sales funnel into an hourglass as you continue to grow and evolve your businesses together, no matter what comes your way.