Keeping Your Core Customers

Keeping Your Core Customers

Core Customers – Keep Them!

Every business owner understands that keeping a current customer is much less expensive than creating a new customer. Or at least you think they would! Let me rephrase this; Every SUCCESSFUL business owner not only understands this, but they do things to ensure that they remain a customer and become a Core Customer.

So what exactly is a Core Customer? A Core Customer is someone that has done business with you in the past “X-period of time” and has the potential to do business with you again.

The “X-period of time” depends upon the purchase cycle or how often purchases are made within each business category. For example, in the automotive category, a typical person purchases a vehicle every 3-½ years. In the plumbing business, less than 20% of the population use a plumber every year and 50% of the population only needs a plumber every 4 to 6 years. In the hardware business, it can be 1 time per month or more.

If your current customers have purchased from you within your “purchase cycle” time frame, these people should be considered a “Core Customer”. As a business owner, you want to connect and reconnect with people between purchases until, at minimum, they are out of the “purchase cycle” period.

The other important question is, how often do you need to keep in contact? It can vary to some degree depending upon the buying cycle, but the rule of thumb is 3 to 5 times a year, with a minimum of two.

The first thing you must do is identify your business’ buying cycle. Then, identify who your current core customers are.

If you do not have a list of your customers and their contact info, start to create one. The only info you need is the name, mailing address, email address, date of purchases, and if possible, what they purchased and the transaction amount.

Having this information is useless unless you USE it!

Keeping your current customers is one key to success, but we must understand that regardless of what you do, you stand to lose 20% of your customers each year due to attrition in one form or another. Therefore, it’s paramount that you continue to attract new customers that turn into Core Customers. Once you’ve created the relationship, do everything you can to keep them!

I have 8 helpful tips on how to stay connected with your Core Customers and protect them from predators (your competition). Just email send me an email to Scott@WOWO.com with the subject  Core Customers. I also have a weekly marketing tips newsletter that I will send to you free when you fill out the form below.

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Invite People with Money to Spend with You

Invite People with Money to Spend with You

There’s an old saying that the reason bank robbers rob banks is because that’s where the money is. While that may have been true in the last century, it’s not true anymore.

What is still true and a more honest way to make money is to invite people who have money to spend, to spend it with you and your business.

Generally speaking, my generation has both the money and the need to spend money.  I’m talking about the grownups that are age 50 plus.

I was reading another article about this, I see them on a regular basis.  Here’s a quote from Jacobs Media on the subject:

Logic suggest that advertisers and marketers are smart enough to connect the dots, and realize that today’s 50+ consumers are the most reliable – and have the most money.  And every year, prognosticators (I was once one of them) maintain that as Baby Boomers age, their marketing strengths will become in vogue once again.

My wife and I have 5 adult kids from previous marriages, and that has led to a crop of 9 grandkids.

Right now, I have more disposable income than most of our kids.  While they are saddled with college debt, the expenses of a growing family and all the stuff my wife and I went through when we were their age, we are on the other side of those financial burdens.

We are also making home improvement upgrades to the house we bought a few years ago.  We continue to purchase cars and you know what else?  We are planning on a few trips in the years ahead.

We are also helping out our kids financially on occasion and that includes the grandkids too.  Recently one of my kids asked for a help to cover some expenses and I was able to ask how much and with the convenience of PayPal  take care of it right away.

That’s part of my story as a Baby Boomer.  Baby Boomers for a long time were the sought after generation for marketers because of the size of our generation, the biggest in human history.  We were the original Pepsi Generation among other things.

Baby Boomers with money to spend are also the primary audience of WOWO radio.  WOWO is a news talk radio station that is over 90 years old and as I continue to look at the research and hear the success stories from our advertising partners, I see that my wife and I are not alone in our spending habits.

I was talking with the marketing person at a dentist’s office the other day and discussed what forms of advertising and marketing they had done in the past and what worked best and heard the same thing that I hear over and over again.

Two of the highlights are:

  1. When we run specials on Groupon, we get new patients but they don’t stick around.  In other words, they are getting people who are price shoppers and they are very fickle.
  2. We really would like to do full mouth restorations.  We get a lot of satisfaction from changing a persons life and giving both a healthier life physically and emotionally.

So, apparently they have been inviting people to become one-visit patients based solely on price which is the opposite of their ideal patient in terms of the satisfaction they get as a dentist office.

Wouldn’t it make more sense to invite the people you really want to help and that will establish a long term relationship with you and even tell others about you and refer their friends and family to you?

The answer is yes.  Invite People with Money to Spend with You.

Seems pretty basic, right?

Sometimes marketing and advertising is not as complicated as it might seem.

I blame the advertising sales people who either have been taught all wrong or just don’t care to keep it simple.

My job is to really dig in and help your business grow with the right kinds of customers, the customers that you want more of, the customers that appreciate you and value you.

Like I said at the beginning of this, I can help you invite WOWO radio listeners who have money to spend to spend it with you.  Want to know more?  Let’s meet.

Connections and Relationships

Connections and Relationships

Changing your logo won’t make you rich.

Advertising your brand might be worthless.

Instead, if growing your business is important, focus on Connections and Relationships.

I do a lot of reading and observing.  I take pride in the fact that I have a pretty diverse circle of friends of all ages.  Some are in their 70’s pushing 80 and others are just old enough to vote in the next election.

Personally, I have worked in show business and as an entry level material handler in a factory.  I enjoy my relationships with millionaires and with people who are working multiple jobs to make ends meet.

What’s this have to do with branding, marketing and advertising your logo?

Let me tell you.

We the people of this United States value a few things over everything else:

  1. Trust
  2. Honesty
  3. Hope

I’ll go deeper.

We want to Trust that when ever we are going to spend money on something, that we are paying the right price, not getting ripped off with a bunch of hype and advertising promises that aren’t really true.

We crave Honesty in our business dealings.  We understand that no one is perfect, but when something happens that needs fixed or corrected. don’t weasel your way out of it.  Be honest.  Do what you can to fix the problem.  By the way, you will earn greater loyalty by fixing a problem for someone than if everything went smoothly the first time.

Also we want to be optimistic in this country of ours.  No matter what we are buying, we want to have hope that the purchase we are making will improve our lives. This is the Hope I am talking about. The new car, and the box of cereal, both purchases are based on Hope to fill a need or desire.

Here’s a couple of ways to implement these three values:

First off, live them.  Not just you, but everyone in your business.  The front line clerks and staff that deal with the public, your customers everyday need to convey Trust, Honesty and Hope in their actions and attitude.  You need to model it and live it so it can be passed down the line.

This is what builds relationships and relationships build your business.

I call this your Internal Marketing.  It’s what you do to give your customers a good feeling about being your customer.

Your External Marketing is about making that initial connection outside of your business location.  It’s about inviting people to check you out, inviting them to browse your place and look around.  Doesn’t matter if it is online or in person, the same principle applies.

Your External Marketing includes your paid advertising.  You need to be consistent in conveying Trust, Honesty, and Hope in your ads that reflect the customer experience that you have built in your company.

I’m going to tell you why I work in the radio industry and not some other form of media or advertising sales.  It has a lot to do with what I have just said.  And it is more true right now with where I work at WOWO Radio in Fort Wayne, Indiana compared to nearly any other place I have worked in media.

As a former radio personality, I experienced first hand the power of listeners making a connection with the voice on the other end.  My first wife and mother of my kids, met me because I was on the radio.

When a radio personality does it correctly, he or she can create an intimacy with individual listeners that is as strong as a lot of in-person friendships.

Television personalities can do this too to a certain degree, but studies have shown that the bond isn’t as personal as radio personalities can create.

What about social media advertising? Billboard advertising? Newspaper, magazine, placemat, direct mail advertising?  Those are just ads.  There might be a bit of connecting, but certainly not relationship building.

The kind of relationship building via radio advertising with WOWO occurs on many levels.  Long time listeners to the station consider WOWO as a trusted source of news and information as they have been a leader in providing that since before I was a kid and have continued the past couple of decades as a news and talk radio station.  That trust in the station is also transferred to the businesses that advertise on WOWO.

A deeper level of trust is established when one of our personalities talks about your business, in either a short sponsorship message or as a personal endorsement or testimonial.  Man, those types of ads are extremely powerful because they combine all the elements we’ve been talking about today. Trust, Honesty and Hope thru Connections and Relationships.

Want to know more?  Let’s talk.  Drop me a note to Scott @ScLoHo.net.

 

Who Listens to WOWO Radio in 2018?

Who Listens to WOWO Radio in 2018?

As a member of the WOWO radio advertising sales team, I have some insider information to share with you.

As a member of the Fort Wayne, Indiana community for the past 20 years, I have some insight to share with you.

As a marketing professional who has worked for other media companies, including those that competed with WOWO, I have some perspective to share with you.

As a Baby Boomer who grew up in Fort Wayne, Indiana, where WOWO radio is located, I also have some history to share with you.

At the conclusion of this article, you will have a greater understanding of WOWO, Fort Wayne, and if we should talk about your business using WOWO to invite people to become your customers.

Twice a year, Fort Wayne radio stations receive the results of an independent ratings survey that tells us who listens and when they listen.  Not in any scary, meta-data manner, but in demographic and geographic terms.  June 29th, I received the results of the Spring 2018 rating survey.

I was not surprised by the data.  I look for a couple of things such as the total number of listeners each week.  When a business advertises with a radio station, there is a finite number of people that will hear their ads.  Same is true with any advertising medium.

So I want to know how many total listeners WOWO has and once again, WOWO is listed as the radio station heard in Fort Wayne that has the largest number of listeners.  Over 99,000 every week just in the 6 counties that include Allen County, where Fort Wayne is, and the 5 Indiana counties that are adjacent to Allen.  That includes, Adams, Wells, Huntington, Whitley and Dekalb Counties in Indiana.

WOWO has listeners beyond those counties including the Indiana counties of Grant, Wabash, Kosciusko, Noble, Lagrange, Steuben, and several Ohio counties. The listeners in those counties are not included in the survey, but they are there.  We know this because of the advertisers and listeners tell us.

The rating survey also tells me that 95% of WOWO’s radio listeners are grown-ups, age 25 and older.

Again WOWO leads the pack, we have nearly 30,000 more grown-ups listening every week compared to the next most popular station that has less than 70,000 listeners aged 25 and older.

Charly Butcher and the Fort Wayne Morning News Team have nearly 50,000 weekly grown-ups listening to WOWO.

So does Glenn Beck, whose 3 hour national talk show comes on at 9am.

Rush Limbaugh’s 3 hour national talk show has over 60,000 weekly listeners on WOWO between noon and 3pm and local WOWO Talk Show host Pat Miller has nearly 55,000 listeners every week between 3 and 6 in the afternoon.

There is no other radio station in Fort Wayne that has this massive number of listeners week after week, of grown-ups.  Remember it’s the grown-ups that have the money, not the 13 year olds.

Why is WOWO so popular?

WOWO is a legacy radio station in Fort Wayne.  When I was a kid, WOWO played music and the disc jockeys were allowed to be personalities.  Bob Sievers, the legendary morning show host would tell me if school was delayed, but hundreds of farmers all across Indiana, Ohio and Michigan also listened to hear the farm reports.

In the evening, I listened to Ron Gregory when I was supposed to be doing my homework and enjoyed his wry sense of humor and puns.

But the WOWO of today is different.  Now over 90 years on the air, mostly on 1190am, WOWO has been broadcasting a news and talk format for a couple of decades.

Politically, Northeast Indiana, or “WOWO-Land” as it is called to include the entire tri-state area leans conservative.  With the line-up of conservative talk show hosts like our own Pat Miller along with national radio personalities, Glenn, Rush and Sean Hannity and Buck Sexton at night, WOWO has a strong format that attracts grown-up listeners.

We are not totally a conservative part of the country.  Our mayor is serving his 3rd term as a member of the Democratic Party and  his predecessor also from the Democratic Party served as mayor for two terms.  The City and County Councils however lean Republican.

Our Fort Wayne Morning News with Charly Butcher, isn’t really a talk show, more of a news program with interview segments lasting 3 minutes or less, because it’s jam packed with 4 newscasts, 6 traffic and weather reports, 2 sports updates and 2 farm reports every hour!  Interview segments with our Mayor and other city and county officials, state government leaders including the Governor and our Congressmen and Senators are featured live each week along with what ever else is timely and appropriate.  And yes, just like when I was listening as a kid, WOWO still has school delays and closings in the morning when the weather is bad.

95% of WOWO listener tune in weekdays between 5 in the morning and 6 at night.  I call in WOWO Primetime.  70% listen on the weekends.

There are other stations in Fort Wayne that are targeting the same age demographic as WOWO, but they have half as many or even a third as many weekly listeners.

There are also other stations that have a news or talk format, but again their total number of listeners is a tiny fraction of the weekly listeners that WOWO has according to the latest radio survey I’m looking at.

By the way, this dominance of WOWO is not new, it’s been consistent during the 15 plus years I have worked for WOWO and before when I worked for the other radio station companies in Fort Wayne.

All this information is good and great and wonderful, but how does WOWO perform for business that advertise with us?

I’m impressed and that’s not a bunch of hype.  Because of all that I have already mentioned, there are certain characteristics and options that I have with WOWO that are not available anywhere else in Fort Wayne that have created phenomenal results for advertisers that partner with us.   Nothing is 100%, but compared to other stations I have worked for since 1986, I don’t have to cross my fingers and hope for the best when I have a true advertising partner who takes my guidance, coaching and follows that plan we create together.

Not every business that I talk to however qualifies to work with me.  Want to know if you qualify?  Hit me up, and let’s connect.

Radio Advertising is the Real SEO

Radio Advertising is the Real SEO

I offer both radio advertising services with WOWO radio in Fort Wayne, Indiana and digital marketing services via our Federated Digital Solutions division. But today, I’m going to break the hearts of my digital marketing friends with the declaration that: Radio Advertising is the Real SEO!

Every week I have someone tell me that they want to increase their Google rank, which means that they want to be at the top of the Search Engine Results Page when someone Googles their business category.

While that may be a worthy goal, I’m here to tell you, it’s kind of a stupid goal.  I’ve been around the advertising world to remember when the printed yellow pages were still being used by consumers.

The Yellow Pages was what our parents and grandparents would use to find a phone number for a business before the internet made it obsolete. This annual publication would list businesses that bought ads in each category and in alphabetical order.

For example let’s say you want to order a pizza.

This is a real pizza from Acme’s FB page

If you don’t have the phone number memorized, ah yes, we used to memorize phone numbers, now I don’t even know my kids phone numbers.  Anyway, if you wanted a pizza you got out the phone book and if you were not sure which pizza place to call, you’d look in the Yellow Pages under the category Pizza.  That’s where all the pizza joints would be listed in alphabetical order, at least the ones that bought an ad in the phone book.

It was better to be named Acme Pizza than Zoli’s Pizza because Acme was in the front of the listings.  Sort of like looking up Pizza on Google, Acme would automatically rank number one on page one . That is until someone opened up Ace Pizza.  Because alphabetically Ace Pizza comes before Acme Pizza.

I’ve had pizza from the Acme

That’s how our parents would find the number or address to all kinds of places, the phone book, because they didn’t have the internet.

But you know what was even better than being found in the Yellow Pages with all the other Pizza shops?

Having your customers remember your pizza place so they could look in the white pages instead of the yellow pages.  The white pages of the phone book listed everyone in alphabetical order instead of by business category.   If my parents wanted a pizza from Zoli’s pizzeria, all they had to do was open the white pages of the phone book, flip to the Z’s and find Zoli’s.

How did businesses like Zoli’s become well known so that people would look for the number for Zoli’s Pizza and not any other pizza place?   They developed Top Of Mind Awareness.  Their customers knew that Zoli’s was where they wanted to order their pizza from and they did.

This Top Of Mind Awareness is a Human Relationship Principle that I talked about recently.  We develop preferences and those preferences are on our short list of consideration.  So when someone says, “let’s get a pizza!” we don’t have to wonder, “who can sell me a pizza? and start searching the yellow pages, or to move this scenario up to today, we don’t Google “Pizza”, we Google “Zoli’s”.

Top Of Mind Awareness can help set a business apart when we look online in other ways too.

Because sometimes we do Google “Pizza” and Google gives us about 10 results on the first page of results.  Let’s say Zoli’s is on that first page, but they are number 7 and the first 6 listings are for places we either don’t like, have never had, or never heard of before.  Top Of Mind Awareness will motivate us to call skip past those first 6 pizza joints and call Zoli’s because just like in the old phone book days, we know we are going to like a Zoli’s Pizza.

A very old ad for Zoli’s

So back to that statement, Radio Advertising is the Real SEO? How does that work? Radio ads can create Top Of Mind Awareness.  Even when we are not thinking about pizza, when the radio station plays an ad for Zoli’s Pizza, we hear it and it reinforces the idea in our head, hearts and stomachs that the next time I want pizza, it’s going to be a Zoli’s Pizza.

I’m going to use a real life example, hamburgers. McDonald’s is the most recognized hamburger brand around the world because they continually advertise to keep that Top Of Mind Awareness going.  You can buy a better burger and spend more money than McDonald’s, heck you may never eat at McDonald’s but they certainly have Top Of Mind Awareness, right?

15 years ago when businesses were jumping on the “I gotta have a website for my business” bandwagon, I helped several companies be found online by promoting their website in their radio ads.  We still do it.  Because it works.

When a business owner tells me that he gets all his customers from Google, we dig a little deeper and discover if they actually had Top Of Mind Awareness when his customers went online or are they just one in a thousand in the search results.

I can help you become the preferred choice for your customers, want my help?  Let’s talk.