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The zRead – Zwift news and industry trends

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A Customer Database is Your #1 Asset

It’s pretty simple - without customers there is no business.

An active database of customers is a business’ biggest asset.
Conversely, a lack thereof can be absolutely detrimental to a business in any industry.

In order for your business to flourish, you need to personally and directly communicate with your customers; share news and updates, promote specials, and anything else that may be relevant to your particular business. Over time, this will build strong relationships and encourage customer loyalty. Remember – customers who are happy and feel appreciated are more likely to support your business and recommend it to others. Needless to point out that word of mouth is king.

We’ve done some research and found that businesses within the hospitality sector who have an active database of 500 customers or more get on average 5 times more orders than businesses whose database is less than 500*. And the average value of their orders received is a massive 138% higher. That’s a huge $22.50 per order- pretty good, hey?

When it comes to orders placed via apps, the results are even better. Businesses with databases of 500 customers or more, get on average 7 times more orders than businesses whose database is less than 500*. Their average order value is also a whopping 168% higher*.

 How do you grow a database?

 A business really need not come up with super elaborate ways to increase the number of customers in their database.  Simple but effective is the best way to go:

 ~ Organise an in-store competition where customers enter by leaving their business cards

~ Save customer details from table bookings

~ Encourage customers to leave their details on mailing list sign-up sheets

~ Have an email subscription link on your website

~ Create customer birthday & loyalty programs

~ Create a reward based referral program

~ Ask customers to fill out surveys and feedback forms

At Zwift, we help businesses grow their customer databases. So get in touch with our marketing reps to find out how we can grow yours too.

 Contact us here or simply give us a call on 1300 768 877.

 

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