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NPN Magazine September 2013

National Petroleum News (NPN) has been the independent voice of the petroleum industry since 1909 as the opposition to Rockefeller’s Standard Oil. So, motor fuels marketing and retail is not just a sideline for us, it’s our core competency.

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RETAIL OPERATIONS By DavidDougherty Why loyalty is important to the success of your car wash Winning Them Over L egendary movie mogul Samuel Goldwyn once said, "I'll take 50 percent efficiency to get 100 percent loyalty." In the car wash business, research data suggests that not only is 100 percent loyalty unrealistic, but that *retaining just 5 percent more of the customer base can mean as much as a 50 percent gain in revenues for retailpetroleum or c-store site owners/operators who offer a car wash. So, why does loyalty pay so well and how can an operator achieve a level of customer loyalty that ensures success month-in and month-out? It begins with understanding that attaining customer loyalty is not easy—but, when achieved, it pays dividends far beyond any month-to-month retention program or a one-time discount coupon offer. 18 September 2013 Truth be told, while Samuel Goldwyn may have produced some of the classic film experiences of his day, what he was really saying was that there is no price too high to pay to truly attain loyalty. Loyalty, for any business model, even a small percentage of it, can sustain impressive success over very long periods of time. So, how does a car care business get there? Why is loyalty so important? Like most aspects of successful businesses, it all comes down to the bottom line. Loyal customers, that special breed that can be counted on to return to a business time and again for a product or service, often do it not to save money, but to feel special, feel appreciated or to merely save time. What a car wash loyalty program needs to do is build and cement a strong, positive feeling about a specific car wash. In fact, in their fast-paced, NPN Magazine  n  www.npnweb.com

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