‘Tis the season for shopping. For small business owners everywhere, this is usually one of the most profitable times of the year. And even in tough economic times, people will still be out buying presents, putting up decorations, and finding ways to celebrate. Budgets may be a little tighter than we want them to be, but we’re still going to enjoy the holidays and spread the cheer.
For locally owned businesses, the holiday season is the perfect time to build relationships with new customers, because the simple increase in shopping activity means you’re more likely to be getting new faces on your retail showroom or in your restaurant.
The important question you need to be asking is how do you maintain and continue that relationship once the holiday shopping season has ended?
Making a great first impression is the first step; a cheerful greeting, a nicely decorated space, helpful and friendly staff, great products and great service all combine to make an unforgettable first impression.
Then what?
Consider, in the products and services you offer, how you can convert a one-time sale into an ongoing, subscription-based sale. Subscription-based sales work well for both customer and business. The business is assured of ongoing sales, and has an automatic way to continue building the relationship with the customer. And the customer gets to pay for the subscription on a monthly basis (or other ongoing, time or delivery-based basis), which makes the purchase easier on the budget. Think of all those “Coffee of the Month” or “Fruit of the Month” clubs.
If you’re a restauranteur, do you sell packaged food products from your restaurant? Why not create a monthly food gift from your offerings? It could be the “Gourmet Food of the Month” club, and it will enable you to keep selling those fabulous packaged foods well past the holiday season. For retail sales, think about your specialty product and how that could become an ongoing, subscription-based offer. It could be seasonal or simply spin off from your most popular items: candle of the month, fragrance of the month, book of the month, movie of the month, and so on.
Be sure to offer various buy-ins and price points so that the subscriptions can appeal to all sorts of shoppers, no matter the budget. You can offer three-month, six-month, and twelve-month subscriptions. You can give customers the option of paying for it all in one lump sum (you might make it discounted that way) or paying with an “as-you-go” plan.
Subscription-based sales not only ensure you’ll have some cash flow in those slower winter months; they also give you a way to keep communicating with those new buyers. With every month’s item, your customers get a reason to remember you. They’re continuing to invest in your product or service, and you’ve got a great way to get feedback from your customers.
What products or services can you turn into subscription-based services?
Image by mmlolek.












