Boost Customer Retention and Lifetime Value Instantly

Learn proven strategies to turn one-time buyers into loyal, repeat customers while maximizing lifetime value.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

How does a single-word subject line boost opens?

Crafting compelling subject lines is key to increasing email open rates and engagement.

'Here's an interesting one for you. It's just the word 'Effort'... It really stands out in the inbox... it has this really weird level of curiosity... We're not giving it a positive or negative context... That's what creates the compound curiosity.'

Takeaway: • Use minimalistic subject lines to grab attention. • Invoke curiosity by using ambiguous language. • Test single-word subject lines to improve open rates.

How to overcome 'I'll buy after I use this'?

Many customers postpone additional purchases until they've used the first product; overcoming this objection boosts sales.

'We don't want the fact that they haven't consumed the first thing they bought from you to be the reason they don't buy the next thing... So they know how damn good the thing was... even if they don't look at it.'

Takeaway: • Provide consumption emails that share value and tips from the product. • Reinforce the benefits they have gained or will gain. • Encourage future purchases by increasing their confidence in your offerings.

How to resell customers on their purchase?

Reinforcing the value of customers' purchases encourages future buying even if they haven't fully used the product.

'I want to have a consumption sequence... that is so good and so exciting... that they realize how good the thing they just bought was even if they never look at the thing... resell them on the thing they just bought.'

Takeaway: • Use follow-up emails to highlight key benefits of the purchased product. • Share tips and insights from the product to increase perceived value. • Prevent the 'I'll buy after I use the first thing' objection by reinforcing satisfaction.

Why align upsells with onboarding?

Timing is critical; offering upsells too soon might harm customer experience and retention.

'You have to consider aligning the upselling and the additional sales mechanism with any onboarding you have... You don't want to get in the way of onboarding somebody... because you're busy trying to sell them more stuff.'

Takeaway: • Prioritize customer onboarding to ensure satisfaction with initial purchase. • Schedule upsell offers after customers have acclimated to your product. • Avoid overwhelming new customers with too many offers at once.

How to automate customer upsells?

Automating your upselling processes ensures every customer receives relevant offers without relying on chance.

'If you have the right additional offers to make to your audience, they will buy from you. The other thing that you can do, of course... is to recommend that other product to my audience... in exchange for an affiliate commission.'

Takeaway: • Build automated sequences that present upsells and related offers. • Include both your own products and carefully selected affiliate offers. • Ensure every customer has the opportunity to purchase additional solutions.

Should you sell unrelated products?

Staying focused on your core expertise ensures you offer real value and avoid confusing your customers.

'Way back at the beginning of the business... we went too broad... we produced some content which was about productivity even though we teach email marketing... That is too far away from email marketing.'

Takeaway: • Keep your additional offers closely aligned with your main area of expertise. • Avoid diluting your brand by offering unrelated products. • Focus on solving problems directly connected to your core services.

How to design products for repeat sales?

Understanding your customers' journey allows you to create products that naturally lead to further purchases.

'Once somebody's got that in place... what is the next problem or set of problems that that person's gonna have? So... we have our core offer... but related to that... is traffic and list building... and conversion mechanisms.'

Takeaway: • Identify subsequent challenges your customers face after using your product. • Develop complementary products addressing those challenges. • Keep offers closely related to your core product to maintain relevance.

What is the DIY to DFY product ladder?

Structuring your product offerings to guide customers from self-service to done-for-you services can maximize revenue and customer satisfaction.

'A really simple way... of designing a product range is to think about it as sort of DIY, do it yourself, is the first offer... then it's DWY, done with you... And then the premium is DFY, done for you.'

Takeaway: • Start with accessible, self-service products to attract customers. • Offer higher-value services with more support or done-for-you options. • Create a clear path for customer ascension through your offerings.

Why focus on backend sales?

With advertising costs rising, leveraging backend sales is crucial to increase profits and ROI on marketing spend.

'Advertising is getting more and more expensive, it's getting more competitive. The cost of getting new leads and getting new subscribers, it's going up and up and up. So we want to make sure that when somebody buys something, we've got a good enough backend roster of products for us to make a good return on our ad spend.'

Takeaway: • Develop a range of products to increase customer lifetime value. • Use backend offers to offset rising customer acquisition costs. • Focus on retaining customers instead of solely seeking new ones.

How to encourage repeat purchases?

Increasing customer lifetime value is essential for maximizing profits, and getting customers to buy from you again is more cost-effective than acquiring new ones.

'When someone buys something from you, their chances of buying from you again, if you make a good offer, is like 50% more likely to buy something from you in the future. So we're going to make other offers to them. But how do you actually do that?'

Takeaway: • Ensure customers have a great experience with their first purchase to build trust. • Offer additional products that solve new problems or enhance their experience. • Implement automated customer journeys to present relevant offers post-purchase.

Episode Info:

Title:
How Do You Get Your Customers To Buy And Buy Again?
Episode Link:
Keywords:
customer retention, lifetime value, repeat buyers
Episode Air Date:
November 27, 2024

Podcast info:

Show Name:
The Email Marketing Show
Author:
Email Marketing Heroes
Owner:
Email Marketing Heroes
Category:
Business, Marketing

More summaries from this podcast:

Email Copy That Sells Without Being Pushy

-
How do emotions affect open rates?
-
How to boost open rates?
-
Should you ditch clichéd phrases?
-
What is an email's true purpose?
-
How to simplify customer actions?
View summary

Evergreen Sales for Cohorted Programs Explained

-
How to handle multiple segments in email campaigns?
-
Should you offer time as a bonus incentive?
-
How to engage subscribers with limited offers?
-
What's the impact of an intriguing subject line?
-
How to maximize webinar follow-up?
View summary