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Recurring Revenue Plan

As your customer acquisition plan evolves, you'll not only focus your attention on gaining new customers, but you'll want to see revenue from the recurring ones. These are the customers that "keep the lights on" in a sense because of their loyalty to your online business.

You would be surprised how many companies exhaust their resources collected data about potential customers and trying to woo back people haven't purchased in a few months. But they tend to overlook this crucial group that is involved with the brand in the here and now.

Here are a few elements to incorporate into your customer acquisition plan that will keep those customers who are already purchasing coming back time and again.

Have an involved content strategy

Whether you are writing B2B or B2C content, you need to make sure that you use fresh and innovative techniques to present new ideas, as well as remind prospective customers about your brand. If you don't enjoy quality content development, or you are tight for time and skip this step, you need to hire someone to do it for you.

Content sells, and without it, you'll be leaving some big stacks of money on the table. Make sure you're writing nurturing content to show your ideal consumer that you care about their interests and struggles, as well as sales pieces with sweepstakes and bonuses.

recurring revenue implementation for work

Notice changes on all marketing media outlets

People like to explore the different forums and social media outlets, and you should notice as they grow bored with one or shift to another because they find more value in it. Staying in front of customers, even when they leave their current online hangouts, is an excellent marketing and web design practice that will help you gain recurring revenue.

Keep your target market in mind

For recurring results, you have to identify your target market – it’s an absolute must. If you don't, then you won't have any idea how to segment your marketing campaigns, and your content will come across as generic and robotic. And sadly, people will stop paying attention after a few of these attempts.

For example, if you sell fishing gear online and offer local tours of the best fishing spots, then you'll find that there is a very specific demographic for you. Once you've narrowed down your ideal customers, you can create an acquisition plan around them and their particular needs.

Build trust with your audience

Building trust is a two-way street, so you want to make sure that you're transparent when it comes to product promotions, services, and reviews. When customers trust you, they'll act on your recommendations, and you'll see those recurring sales from loyal customers.

Understand the metrics

Sometimes a customer acquisition plan can feel like a boat. You know that you put money into it, but you just can’t see the ROI. One place that many businesses drop the ball is having an effective metrics system in place that allows them to measure success accurately. Take the time to find a system that works for you and be leery of metrics that are too complicated to track.

Focus on your CAC and metrics such as retention, live time value, and churn rate. If you don't understand the parameters that are going to be important to your revenue, then you'll want to brush up on those before you hit the go button on your acquisition plan for recurring customer revenue.

Focus on the long-term goals of your brand

If you want to succeed with an online business, you need to be in a long-term frame-of-mind. Of course, you'll be setting small goals that will help you reach the large ones, but have those laid out so that your <a href="http://webdesignsolutions.com/p-839-seo-services.html">customer acquisition plan</a> can move and adjust seamlessly as your business grows.

Customers go through a lot of phases when you run an online business, and it's up to you to ensure that you stay in front of them and keep them happy -- just don't forget to include the people you've already acquired!

  • Posted on   08/30/16 at 09:03:39 PM   by Thomas  | 
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Posted in Big Ideas