Behind the Scenes of a Killer Customer Reactivation CampaignWhen you see everyone going left, go right and see what's over there. In this case, it's a lost customer reactivation campaign, and it might just be the win you've been looking for.

ByShaun Buck

Opinions expressed by Entrepreneur contributors are their own.

Peopleimages | Getty Images

When was the last time you spent any time thinking about cancelled or lost customers? If you're like me, the answer is not very often. I've never been one to focus too long on the ones that got away. Instead, I prefer to go out and simply find more new business. But, once or maybe twice a year, I find it can be very wise to spend a little time looking back at the customers who got away and devise a strategy to win them back, because many times, there is gold in those lists.

Customer reactivation campaigns aren't new, but so few businesses actually use them. That may be the reason I'm attracted to implementing one. I prefer to play in less crowded spaces. When I see everyone going left, I want to head right and see what's over there.

If you've never run a lost customer campaign, they are pretty simple. There isn't a huge difference between B2C and B2B when creating this campaign. Typically, the main difference between B2B and B2C is volume -- B2C is going to have a much higher number of lost customers. The other difference is the amount of money you must spend to get a customer to come back. A B2B customer has a higher annual customer value, which means you can spend more money to win them back.

通讯专业's lost customer reactivation campaign

In February of 2017, my team was in the process of marketing a reactivation campaign here at通讯专业. Our first step was to pull our list of lost customers from the last 24 months. That list was sent to me and two others for review. The point was for us to see if there were people we wanted to remove from the list. After the three of us reviewed the list and crossed out a few names, we had 43 clients left.

I then wrote a story-based sales letter that was themed to the start of the year, and I made sure to include an amazing offer.

Since we only had 43 names, we decided to send the letters via FedEx. Inside the FedEx package was a copy of my six-page sales letter, a copy of my book co-authored with Dan Kennedy,No B.S. Guide to Maximum Customer Referrals and Retention,and a testimonial booklet we use in some of our marketing. To add a little extra "wow factor," I personalized and autographed the books, and we added a bookmark, which of course, is branded.

In all, each package cost somewhere near $18, including FedEx Ground Shipping. Not including time spent on this campaign, we were in it for $774. We then had two follow-up letters that went out over the next few weeks, but both of those were sent by first-class mail, and we estimated it cost about $150 for those to be printed and delivered.

After the FedEx packages were delivered, we then started calling. We had three different people making phone calls on this campaign. If that seems excessive, that's because it is. The reason we had three people making calls is that we had some team members who had existing relationships with these past customers, and we felt that those individuals should be the ones to reach out and try to reconnect. If we had hundreds of people to call, I'd likely not worry too much about the team member connection, except for in cases where the account was very large.

Our goal with the phone calls was to either set an appointment, or hot transfer the call to a sales rep.

Normally, reactivation campaigns are able to recover between 2 percent and 12 percent of lost customers. For our campaign, we set a goal of four reactivated customers. Personally, I was happy when we reached two, and I would have been thrilled by five or more. I know those seem like small numbers, and they are, but we started with a small list.

我坚信的游戏business is won 10 yards at a time, not by trying to throw a Hail Mary to the end zone on each drive. So, never forget to celebrate (and push for) the seemingly small wins. They add up quickly to make a big difference in your overall business growth.

Wavy Line
Shaun Buck

Entrepreneur, Speaker, Author, & CEO of The Newsletter Pro

Shaun Buck is the co-author ofNo B.S. Guide to Maximum Referrals and Customer Retention(Entrepreneur Press, March 2016) as well as CEO of Boise, Idaho-based通讯专业, the largest custom print newsletter company in the world—printing and mailing millions of newsletters annually for diverse industries all over the globe.

Editor's Pick

Related Topics

Business News

An 81-Year-Old Florida CEO Just Indicted for a $250 Million Ponzi Scheme Ran a Sprawling Senior Citizen Crime Ring

Carl Ruderman is the fifth senior citizen in the Miami-Fort-Lauderdale-Palm Beach metropolitan area to face charges in connection with the scam.

Green Entrepreneur

Phoenix Has Hit 110 Degrees for a Month, But This One Invention Is Cooling Things Down a Tad

For the Arizona city amid a record-breaking heat wave, cool surfaces bring a modicum of relief.

Business News

'Soul Crushing': Internet Sleuths Notice Something Is Very Off With This Condo Listing

From the grey carpets to the fluorescent lights, it's obvious that this home was not always a home.

Business News

'Awful Advice': Barbara Corcoran Slammed For 'Tone Deaf' Business Advice to Interns

The "Shark Tank" star shared tips on social media about how interns can increase their chances of getting hired full-time, but the public reaction didn't go as planned.

Business News

'This Is My Life Now': Man Hysterically Documents Elon Musk's 'X' Sign Blaring Flashing Lights Into His Bedroom Window

The sign, reportedly put up without a permit, is shining bright at X HQ in San Francisco.