Here are four strategies that can help you boost your end-of-year sales:
- Create customer profiles. Who were your most profitable customers during the fourth quarter of last year? While you’ll reach out to them, of course, you can also find more like them by mining your customer data, DiGuido said. What do your best customers buy? What kind of buying pattern is associated with them? How often do they buy? What was their first purchase? “Look for profiles, products and services that match those that your best customers have,” he said. “Those are the people who have the greatest chance of becoming good customers. If you can get to a point where you can dynamically recognize purchasing patterns, you have a much better shot at conversion.”
- Look at last year’s most successful campaigns. What subject lines had the best open and conversion rates? Which offers resonated and led to sales? While you wouldn’t want to repeat them verbatim, you can make subtle tweaks that build on the success of those campaigns, DiGuido said. “You’ll also want to look at the campaigns that didn’t work and make sure you avoid repeating the same mistakes,” he added.
- Turn to your “dead” file. The fourth quarter is a perfect time to reach out to customers who stopped buying from you, DiGuido said, because people are often more likely to buy when their budgets enter the “use-it-or-lose-it” space, he said. “Start experimenting, using some of the best subject lines and offers that you know you have,” he said.
- Reward your best customers. During this quarter, many companies introduce special offers and promotions to get more of the end-of-year spend. While this is a good strategy, don’t make the mistake of sending the same offer to everyone in the e-mail database. “Treating new customers and existing customers the same way—giving them the same discount—tells your best customers that they’re not really that special after all,” DiGuido said. “Your best customers should always feel like they are getting something better than the average person.” That doesn’t necessarily translate to deeper discounts, although it might. Instead, consider expedited shipping, personalized service or follow-up e-mails and phone calls to make sure they are happy.