Post-Sale Drip Campaigns

According to Pricing for Profitability: Activity-Based Pricing for Competitive Advantage by John L. Daly, conventional business wisdom contends that it costs 10 times as much to obtain a new customer than it does to retain an existing customer.

If you spend any time researching the actual statistics available out there that show the cost of acquiring a new customer vs. the cost of keeping an existing customer, you will find results that point to it being anywhere from three to 20 times costlier to obtain a new customer. While the numbers vary by industry, location, and product type, one thing becomes clear; almost every study concludes businesses are far more cost-effective when they can retain existing customers.

One of the best ways to ensure a customer who has purchased a product or service from your enterprise remains a happy customer is to consistently engage with them post-purchase. Businesses can easily accomplish this through an instrument that is usually reserved for pre-sale engagement, the email drip campaign.

For those who may not know, an email drip campaign is a pre-programmed periodic sending of emails to prospective customers that provides them with valuable industry and product information without seeming to be an attempt to sell your products or services. When done right, drip campaigns keep your products and services top of mind for prospects, leading them down the sales funnel, and providing the right combination of product and service information as well as useful general industry knowledge.

Unfortunately, a lot of times, once a prospect is converted to a customer, businesses turn off that drip campaign, not realizing they are stopping what actually is also a very important post-sale engagement tool. Instead of completely turning off the drip campaign once a prospect becomes a customer, businesses should simply shift the content the new customer receives.

Businesses should stop sending new customers anything that seems irrelevant such as special offers on products or services they have already purchased and anything that does not refer to them as a customer.

Businesses should send new customers:
• Any relevant company or industry news, including press releases and blog posts
• Tips on using products or services they have already purchased
• Information on other products and services they have yet to purchase
• A steady stream of announcements about new products, features, and services

In many cases, enterprises may find that a good amount of their pre-sale drip campaign content is still very useful in a post-sale drip campaign. Two areas of particular note for inclusion in post-sale drip campaigns should be press releases and blog posts, especially if your blog is heavy on providing industry news and thought leadership content. Press releases, especially those on big customer wins, awards received, or new partnerships, will reinforce with the customer the idea that your business is strong, and that they have made the right choice in going with your products and services. Blog posts that speak to industry events, industry knowledge, and breaking news will ensure that customers view your business as a leader in the industry and view you as someone with whom they should continue doing business.

It is important to remember that while an email drip campaign can be very effective at landing new customers, it can also be very effective in retaining existing customers.

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Does Your Marketing Content Focus On Your Customers?

Do you think pro golfers with a spare Sunday relax by hitting the links? Think a professional racecar driver can’t wait to jump in his car and head down the coast? Think a content creator spends some of his spare time reviewing mass quantities of other people’s content and collateral material? Guilty as charged.

But when you love what you do like I do, you tend to find yourself doing it in your spare time. These spare time activities have provided me with great insight into the vast amounts of marketing content out there, and as an avid researcher, I have discovered an epidemic plaguing the marketing content of most American companies, especially smaller businesses that really can’t afford or are not yet ready for a large marketing team. To put it bluntly, American enterprises, so much of your marketing content is not focused on your customers…it’s focused on you!

Now, don’t get me wrong, you have a role to play in your marketing story, and you definitely want to tell your customers about you, but you have to remember that when a customer is searching for a product or service, they are mostly interested in how you can address the challenges they are facing. 

I want you to do me a favor and pull out your most widely used piece of marketing content, then read it while keeping these key questions in mind:

• Is your customer the star of that piece, or are you?
• Does the first sentence of the piece start with your company name?
• Do a lot of the rest of the sentences in the piece also start with your company name?
• Do the main points of the piece talk first about how you do something and what you know, then address how you can solve a customer’s challenge only after you’ve talked about yourself first?
• Does the piece tell your customer which of their challenges you can help them solve and how you will do so, or does it tell them all about your company, your team, what your team knows, and how great it will be for the customer if they choose to work with you?
• Is your content riddled with all of the fancy product, team and department names you’ve so cleverly come up with over the years?

See, if I’m your customer, what I care about is how you can solve my challenges and how quickly, effectively and reasonably priced you can do that. I don’t care what you call your product, teams and departments, how many degrees your executives have, or where they worked before joining your team. I don’t care how many offices you have, that you can trace your company’s roots back to the 1960’s, or how much fun your employees have working there. All I want to see is content that tells me what you can do for me. 

So, if you read your marketing content and find your customer and how you can solve their challenges is not the true meat of the story you are telling, it might be time to re-write that content so it focuses on your customer and their needs, not you and your story. Put yourself in your customers’ shoes as they read your marketing content and ask, “Why should I care?” 

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Getting Sales To Use Marketing Collateral

It's the age-old challenge for marketers...how to ensure the collateral your team creates actually gets used by the sales team. In this guide, I show you the secret to solving that challenge.

Click here to read Getting Sales To Use Marketing Collateral.

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The Agile Marketing Method

For the past eight years, I have spent my life marketing software. When you market software, you end up learning more than just a little bit about the software development process, its benefits and its challenges. You also learn, like many others before me, that occasionally, the principles of software development can lend themselves to other areas of business, including marketing.

The term “agile marketing” is starting to get a lot more ink these days so I feel it is time for me to release a little something I originally put notes together on across a few evenings a couple years ago and refined over more than a few evenings over the past couple months – a guide on a little something I call “The Agile Marketing Method.”

In this guide, I give marketers insight into how they can apply one software development method – Agile – to their marketing projects. I explain a little bit about the history of software development methodologies that led to the creation of Agile, the principles of Agile, as well as how marketers can use some of Agile’s principles and processes to improve the effectiveness and efficiency of their marketing efforts.

Read The Agile Marketing Method.

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