Point of Sale Software

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Making a VIP marketing list

POS SOFTWARE

Retail VIP marketing

 

VIP email marketing systems are more than a trend—they're a proven revenue driver. Implementing a viable points system creates a powerful loyalty loop. But here's the rub: to make your VIP system work, you must build up your email marketing list to reach a critical mass. Without enough subscribers, your efforts might fall flat.

Getting Started with VIP Marketing

Company loyalty programs show that they can increase a brand's market share and improve customer retention. We search for specials and then market them through email and get decent results. It is what businesses today need to do in our competitive marketplaces. You cannot wait for customers to come to you.

A Clever Tip for Growing Your Email List

Here's a nifty trick that can help you build up your email list quickly and easily:

Offer Email Receipts

Your POS system allows you to send receipts via email. At the checkout, ask your customers if they'd like their receipt sent digitally. Most shoppers these days are comfortable with this option.

Invite Them to Join Your VIP List

Once they've given you their email for the receipt, please take the opportunity to invite them to join your VIP list. You could say, "Would you like to be added to our VIP list of specials? "

Add a Tempting Incentive

Here, you can seal the deal. Try adding a line like, "With today's purchase, you're already halfway to earning a reward!" It creates an immediate sense of progress and value, making it hard for customers to say no.

Implementation Strategy

Email marketing list

This method is effective for several reasons:

  • It's timely to ask when the customer is in your business.
  • It's relevant, as they've just purchased and are interested in your offers.
  • It's convenient, requiring just one small extra step after providing their email for the receipt.
  • It's enticing, tapping into the power of immediate gratification by mentioning they're already on their way to a reward.

Measuring Success

To gauge the effectiveness of your VIP program, keep an eye on these key metrics:

  • Email list growth rate
  • Open and click-through rates for VIP emails
  • Conversion rates from VIP offers
  • Customer retention rates

These are all you get from a VIP newsletter, which you can often use for free. If you want more details, let me know, and I can suggest a few options depending on your needs.

Typically, well-executed VIP programs can increase customer retention by 5-10%, boosting profits.

The Power of Email Marketing

With our point of sale (POS) software, you can automate your email marketing process, making staying in touch with your customers easier. You may want to find out more here.

Ready to Transform Your Retail Business?

Start by implementing these email collection strategies today. Track your results weekly and adjust your approach based on customer feedback and engagement metrics. With persistence and the right strategy, you'll soon have a thriving VIP program that keeps customers returning for more.

Remember, in retail, every customer interaction is considered an opportunity.

Frequently Asked Questions

Q: What are VIP customers?

VIP customers are repeat buyers. Typically, they make up a significant part of your shop's trade. We often call this the 20/80 rule, where 20% of your customers do 80% of a shop's trade. Interestingly, after analysing their POS reports, many companies today say it's more like 10/90, with 10% of their customers doing about 90% of their business.

Q: Why are VIP customers valuable?

VIP customers provide substantial value to your business without requiring excessive effort. They are loyal, make frequent purchases, and often have a higher average order value than regular customers.

Q: How can I identify VIP customers for targeted email rewards?

Do not bother; you can determine them by analysing purchase frequency and spending. But for many, a better approach is to put all that allow you to make them VIPs and see how they go.

Q: What types of rewards are most effective for VIP customers through email marketing?

The most effective rewards offer exclusivity and value. Consider offering:

  • Early access to sales
  • Exclusive discounts
  • Personalized product recommendations

Q: How can I make VIP customers feel valued?

To make VIP customers feel valued:

  • Remember their names
  • Offer personalized product recommendations
  • Provide freebies, discounts, and exclusive access
  • Give priority support and shipping
  • Involve them in product development or improvement processes
  • Ask for their feedback
  • Send thank you emails and offer post-purchase discounts

Q: What are some effective strategies for VIP email marketing?

Effective strategies include:

  • Offering free delivery for VIP customers
  • Providing early access to sales
  • Creating personalized emails with exclusive offers
  • Sending appreciation emails
  • Implementing post-purchase email flows
  • Using non-sales language, as VIPs already love your brand

Q: How can I measure the success of my VIP program?

Track key metrics such as:

  • Email list growth rate
  • Open and click-through rates for VIP emails
  • Conversion rates from VIP offers
  • Customer retention rates
  • Increase in customer lifetime value

 

Monitoring your loyalty VIP program

POS SOFTWARE

According to a recent survey we did, we discovered that most of our clients have some form of loyalty VIP program in place. Assuming you have one, you need to monitor it.

What you are trying to do with such a program is to increase the number of sales of high-margin products proactively.

So what you want is a scientific list of what people that are using your loyalty VIP programs are doing with it. I strongly suggest that you do not just rely on gut feel and its not hard to get such a list from our POS software as it collects the sales information on your customers’ purchase histories. This allows you to identify what your loyalty VIP program is doing.

One report that I suggest you look at is "loyalty vs Non-loyalty sales", in cash register reports marked here in green.

 

 

Now if you go into it, although it has plenty of options, just keep it simple for now and put in the last 12 months and run it.

Now out will pop put a comparison list of exactly what the loyal VIP and regular customers are buying.

In particular look at the profit field, it is not uncommon now for over a third of profit in a modern retailer to be from these VIP customers. What is interesting is that they are much more profitable per visit than regular customers.

Now also there is a row there of %Gross Profit. This is for you to see what high margin items people are buying and to allow you to identify possible products for your VIP customers to buy.

Lastly, there is a row of costs so you can see precisely what these VIP customers cost you.

 

 

 

 

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PERSONALISED OFFERS

VIP program

 

Some people to buy your products need a kick; some come anyway. A straight 10% discount offer as such is often killing your margins.

If you get an exciting product, this has proven to be a successful method. What you need is your retail email mailing list and point of sale system like ours that can handle VIP marketing.

Firstly send everyone out an email with an offer for the goods. Hey, we just have now this XYZ product.

Those that did buy send them shortly afterwards an offer to buy a second one at say 5% off. See how you go, if they liked one then they may want another.

Awhile later those that did not respond at all, send them an email with a 10% off 

If you are still stuck with stock after a while, well you have nothing to lose by offering 20% off to all.

See if you can do something similar in your business.

The idea being Instead of giving a straight discount, going through the previous purchase histories of your customers and then personalise your offers.

It will help you maximise your margins

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Smart Card VIP systems

POS SOFTWARE

 

If you’re still manually controlling your loyalty program, you are wasting your time and resources.

Consider replacing it with our point of sale which is available free to our users. All customers have to do is display their VIP card, if they do not have their VIP card all they need to do is give you their name, phone number or email address and your system can track their purchases and issue them their rewards.

You will be surprised who uses them.