There has always been a sad truth about marketers – they care little for ROI. This has always been the realm of managers, particularly finance managers. Their mantra is always – ‘how much will it cost and what sort of return will we get’? When it comes to marketers, they are always interested in how far and how well they have delivered their message.
Is there a meeting place? There should be. There is one startling fact that business managers and marketers should always have at the back of their minds – it is easier to sell to existing customers than it is to acquire new customers. So my question to you is simple – what are you doing with your existing customers?
For many businesses, a customer comes to their website, buys, and disappears, often never to be seen again. Online marketing has one special difference to offline marketing, a website is not in your face everyday. Offline, your store front is there. People walk past it everyday. A website is different. If your customer has not bookmarked your website, and can’t quite remember the URL, they will visit whichever website catches their eye the next time they want to purchase.
So I ask again. What are you doing with your existing customers? Are you capturing their email addresses for email marketing? Are you inviting them to follow you on any of the social media sites? If you are not maintaining contact with your existing customers, then perhaps your internet marketing strategy needs a review. Existing customers can be pure gold so if ROI is important to you, make sure you get the maximum return from every one of them.