TheBusinessCommandos.com

Hi Folks,

Just wanted to share an extremely effective marketing strategy with you called Magnetic Marketing.

Magnetic marketing involves giving your clients some thing of tangible value when they do business with you that they can redeem on their next visit. This is designed to attract them back to your business for repeat custom.

If you have a mechanic shop for example with every service you may leave a $20 discount voucher off the next service, which expires in 3 months time. So when the person needs their car serviced again they are more than likely going to call you, otherwise they would be effectively wasting $20.

This works especially well when you are trying to attract new clients to your business. Here’s how it would work for a dry cleaning business. First you would send out vouchers for Free dry cleaning to the people you are targeting for this marketing campaign and then when the people who took you up on your offer come back in to pick up their dry cleaning, you would give them a 50% discount voucher for their next lot of dry cleaning, which would expire in 30 days. When they come back you would give them another 50% voucher off their next dry cleaning bill also to attract them back to your business again and get them into the habit of dealing with you. From then on you would treat them as a normal client.

The psychology behind this strategy is that firstly you offering a no-brainer offer that your prospects would be just throwing money down the drain if they didn’t take you up on it and then you’re following up several times with more magnetic marketing offers to get them into the habit of dealing with you.

For this to be effective obviously you must deliver excellent service.

You don’t have to use discounts with your magnetic marketing, you can offer holidays, free meals at restaurants, gift packs or whatever else you can come up with that is appealing to your target market and makes sense to give away to attract a new client or keep an existing client.

Get creative, you could even partner up with other businesses and work together on this one.

Yours in success,

Aaron Parsons.