7 Strategies to Turn Small Business Saturday Shoppers Into Loyal Customers
November 27, 2024 | Last Updated on: November 27, 2024
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November 27, 2024 | Last Updated on: November 27, 2024
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American Express partnered with the Small Business Administration (SBA) and created Small Business Saturday in 2010, and it has been a staple for small businesses to attract new customers. In 2023, consumers spent a whopping $17 billion in their communities on a single day. Immediately following Black Friday, Saturday, November 30, 2024 could bring in over $20 billion in sales to local businesses.Â
Here are seven ways small business owners can capitalize on Small Business Saturday with marketing ideas for small businesses to extend sales well past the holiday shopping season.Â
For many customers, Small Business Saturday is about connecting with their local communities and the local small businesses around them. Entrepreneurs can use this to their advantage by creating an unforgettable in-store experience.Â
Memorable in-store experiences can leave a lasting impression, making customers more likely to return.Â
Offering Small Business Saturday promotions can bring in plenty of potential customers, but also feed your pipeline for the foreseeable future.Â
These deals attract new customers and also reward your year-round customers.Â
Your ultimate goal is to continue the relationship after they shop local on Small Business Saturday. Â
Like any email list, be wary of how you use it. Flooding customer inboxes may not be the best marketing strategy to continue making sales after Small Business Saturday.Â
Your customers will thank you for a job well done. Don’t be shy about asking for their support on social channels for positive reviews and feedback.Â
Seeing other people enjoy your products or services can be one of the best marketing strategies to attract new customers to your business.Â
Small Business Saturday is just the beginning. Following up with your customers is critical to turning a one-time shopper into a repeat buyer.Â
Whether your customer is in-person or online shopping, that extra touch can make all the difference.Â
Great customer service builds loyalty. 93% of customers who receive excellent customer service say they will be repeat customers.Â
Happy customers are more likely to advocate for your business and return themselves.Â
Many people shop small because they value the sense of community it fosters. Here’s how you can continue investing in those around you along the way:Â
Customers who feel connected to your business are much more likely to stick around.Â
Amex has done a fantastic job promoting its Small Business Saturday in the 14 years it’s been going. And now, it’s your turn as a small business owner to take the initiative and run with it.Â
The best marketing for small businesses for this holiday is to focus on delivering an exceptional experience, following up, and showing genuine appreciation for their support. Â
With the right approach, Small Business Saturday can be the start of long-term success for your small business. Take the time to implement these strategies, and you’ll be well on your way to transforming casual shoppers into loyal customers who support your business all year long.Â
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Is Small Business Saturday still a thing?Â
Yes, Small Business Saturday is still actively promoted by American Express and the Small Business Administration. It’s a valuable piece of marketing for small businesses.Â
What is the impact of Small Business Saturday?Â
Each year, billions of dollars are spent by consumers with local businesses. Studies show that these dollars have a much longer economic impact than those spent with major companies.Â
How much do people spend on Small Business Saturday?Â
In 2023, consumer spent over $17 billion on Small Business Saturday. 2024 could deliver an even larger number.Â
Why did American Express start small business on Saturday?Â
American Express started Small Business Saturday in 2010 to support small businesses after the 2008 Great Financial Crisis. Additionally, it was made to focus on small businesses between Black Friday and Cyber Monday holidays.Â