You've probably bought a book or two at one of the major chain bookstores. When you're checking out, you get asked if you have the "discount card."
The card is not free. It usually cost 10 bucks or so.
But you get a 10% discount on most of your future purchases so it always seem like a good deal to me. If I buy at least a hundred dollars worth of stuff in the next 12 months, I'm at breakeven. If I spend 200, I've saved an extra $10.
Unfortunately, I have no idea how the exact numbers work out for the stores, but I absolutely love this concept.
Here's why:
First, most people are buying less than one hundred dollars during their first purchase. Obviously, you get a discount on that purchase if you buy the discount card at the same time.
Let's say you're spending 20 dollars so you save 2 of those. Your net cost is 8 dollars.
And the store has an immediate profit of 8 bucks!
If you never ever show up in that store again, they've made a huge profit.
Second reason: Presumably...whenever you think about going to buy books in the future, you're going to think that it's pretty stupid if you buy books at any other bookstore. That means you return to the store to spend more money.
The bookstore wins again because (a) you came back and (b) you're spending still more money!
Of course, the bookstore is not doing anything wrong and this can be a real benefit to a frequent shopper.
My point in this message is that you should think about some way that your business can use this idea. How can you get people to join your club for a fee and then get valuable discounts whenever they come back and shop with you.
As marketers, we need to constantly be thinking about how we can copy the strategies that we see working in other businesses and apply them to our businesses.
A mistake that many people make is thinking that their business is different so the marketing rules change.
Not so! The principles of marketing are universal and apply to all types of business in all countries.
The savvy businessperson continues to study and apply these principles to constantly increase their profits!
I expect to see you in Atlanta in October. You'd be crazy to miss my free conference!
Yours in success,
Shawn Casey
Internet Millionaire Shawn Casey's "Mining Gold On the Internet" is one of the best selling Internet books with over 85,000 copies sold. In "Mining Gold", Shawn reveals the same step-by-step strategies he uses to create millions in Internet sales => http://www.ipcgold.com/ad/100/CD3839 Benefit from Shawn's 7 years of Internet experience and learn from someone who has actually made millions online.
One of my associates sent me a promotional email she'd... Read More
One of the most effective ways to market your products/services... Read More
Discipline Is Important.I recently read an article about why discipline... Read More
The ropers at Annie Oakley's Real Western Dudette Ranch were... Read More
"?A powerful agent is the right word?" --Mark TwainAnd what... Read More
So you've made a sale. Great!Now what? You're not just... Read More
There seems to be a never ending argument among marketing... Read More
In your marketing efforts, be they on or offline, it's... Read More
Are you looking to erase your debt, buy that new... Read More
Do I need a web site? That is the question... Read More
Most professional copywriters would say that headlines account for 80%... Read More
Here are 5 high-impact marketing tips you can use to... Read More
So you've invested more time than you ever believed possible... Read More
Brochure printing can be easy if you first identify your... Read More
Your local Chamber of Commerce.Now before you stop reading, I... Read More
Here are 7 simple marketing tips to help you boost... Read More
Wondering if your marketing message is dancing in the spotlight... Read More
Whether you want to admit it or not, soap operas... Read More
I think selling and marketing today often feels a bit... Read More
Marketing as we know it is over. Done. Finito.People the... Read More
Is your marketing strategy getting the results you desire?Mailing postcards,... Read More
As an educated professional, your success is based on what... Read More
Yes, you can fill a workshop when spending is down... Read More
5000 B.C. -- somewhere near a cave in MontanaOg the... Read More
If you follow the prevailing logic of most modern companies,... Read More
I'm constantly amazed by all of the media reps from... Read More
When Advertising, it's not always better to be the lone... Read More
Before you can market, you need to know who you... Read More
The distance between marketing consultants and the real world can... Read More
Used the right way and with the right audience, postcards... Read More
Each of these 11 marketing tips is based on a... Read More
If you use direct mail postcards to generate leads or... Read More
Subtle adj. Showing or making, or capable of showing or... Read More
Business cards and greeting cards almost go hand in hand... Read More
Last month we looked at what you need to do... Read More
If you need evidence that a testimonial or referral can... Read More
As discussed in part 1 of this article, "Your Private... Read More
First, define the end user (or ideal client) of your... Read More
There isn't a day that goes by that I don't... Read More
Direct mail marketing is essential for a business to survive.Choosing... Read More
With the increased challenges that all companies are faced with,... Read More
Here is a powerful tip on how to substantially increase... Read More
There are a number of difficulties a beginning entrepreneur may... Read More
It takes money to make money is an adage we... Read More
Just because you have to stretch your marketing dollars doesn't... Read More
Advertising is the lifeblood of any business. If you do... Read More
I've heard a lot of people lament the fact that... Read More
Direct Mail . . . Newspaper . . . Radio... Read More
Recently, I discussed a loyalty card system with a vendor... Read More
Bridging the Chasm from Lead to Loyal Customer: A Step... Read More
Marketing Marketing |
|