Here's why you have to have some semblance of precision in your reactivation efforts.
This is what a normal year might look like for 13-48 month buyers:
It's not easy to reactivate customers ... they've lapsed for a reason, right?
Now, let's say you improve reactivation response by 15% annually. Here's what the story looks like.
You did a great job, and in this case you get 9,500 more customers as a consequence.
In this business, you go from the following scenario ...
- 170,759 new buyers.
- 63,404 reactivated buyers.
- 234,163 new + reactivated buyers.
... to this scenario ...
- 170,759 new buyers.
- 72,915 reactivated buyers.
- 243,674 new + reactivated buyers.
- Total Increase = 4%.
A typical "direct marketer" looks at that story and says "no bueno" ... too much work for too little return.
Fortunately, many of you are going to have 50% or more 13-24 month buyers this fall because of the COVID-bump that you didn't capitalize on via a credible Welcome Program.
Which means you will have an opportunity to do something this October/November/December.
Time to do something!
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