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Factoids |
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Word of mouth and superior customer service are the most
important marketing functions |
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Every visit to the store by a customer, new or existing, is
a selling opportunity |
Marketing is an absolutely
essential function at the store level. Word of mouth and
superior customer service are the most important marketing
functions of the store.
Leverage the personal contact
As RTO professionals, we have a distinct advantage over the
"retail" industry due to the high level of personal contact with
customers. A customer chooses to rent for specific reasons. They
may have temporary financial circumstances that require renting.
They may be unable to get traditional retail credit. Regardless
of the reason, our customers pay their bill in person. That
gives you 4 times the opportunity to market additional services
to that customer. Every visit to the store by a customer, new or
existing, is a selling opportunity.
Superior service is the best advertising
Sending fliers to payoffs and buyoffs is very important. But if
my level of service is superior to the competition, my current
customers WILL RETURN. If I go above and beyond the call of
duty, word will spread and I will gain customers.
This is a cheap way to market because the customers are
already coming in. If employees are properly trained in what the
customer service requirements are for your store it helps the
efforts as well.
Cross Marketing
Another vital marketing tip is to get to know area business
managers. Make deals for cross marketing with such places as
Payroll advance, and Check cashing companies. We share the same
customers and these business are great for skip traces as well.
I've managed a Rent to own as well as a Payroll advance location
so I know first hand how closely related the business are.
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