A Groupon e-mail blast gets your name and logo impressed on the minds of thousands (or millions) of potential customers.
That type of exposure will cost a business thousands of dollars in upfront marketing costs - whether you choose Facebook , Google , television, print, or radio.
Successful marketers know that the key to converting is repetition. Groupon will get the ball rolling; then it’s up to you to reach those customers again and allow them to connect the dots to determine that your business is a great business worth knowing.
Some tips for capitalizing on a Groupon Deal:
- A deliberate system for customer retention/re-marketing
- A creative, compelling way to upsell and cross-sell
- Treat your Groupon customers the same (or better) than your regular customers to keep them coming back
- Inspire Groupon customers with a great experience with your brand and they will share it with their family, friends, and social networks
TIKKR makes interchangeable timepieces in 24 colors. Groupon worked especially well for us because we were able to offer those customers a complementary good in the form of additional watch bands. A customer that buys from you once is a lot more likely to buy again than random new customer “X.” These new customers have a huge value if you convince them to be loyal, long-term purchasers. (Read More: What’s the Deal with Groupon’s Stock?: Greenberg)
If you create compelling reasons for a Groupon customer to really be a fan, then you will get and keep those customers after a Groupon deal. The question isn’t whether Groupon is “good or bad” it’s: are YOU “good or bad”?
Randy Cohen partnered with Cory Stout in 2010 to start TIKKR, a company that sells customizable watches. Cohen is also the founder and Chief Energizing Officer of TicketCity, a company that buys and sells tickets to live events including sports, concerts and theater.
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