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November 11, 2024

How to turn Retail + Experiential Consumer Data into Subscription Revenue

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Direct-to-consumer (DTC) relationships are crucial for craft spirits brands because they allow for deeper connections and direct feedback loops between the brand and its audience. Unlike large, mass-market companies, craft brands often appeal to niche, discerning consumers who value authenticity, storytelling, and quality ingredients. 

By selling directly, brands can bypass traditional retail channels, retain more control over the consumer experience, and capture valuable data on customer preferences, which informs product development and marketing strategies. 

DTC channels also enable craft spirits brands to communicate their unique values and production methods, fostering brand loyalty and creating a community around their products. This personal interaction not only enhances the consumer's experience but also empowers brands to build lasting relationships that fuel sustainable growth in a competitive market.

2023 Direct-to-Consumer Spirits Shipping Report by Sovos and the American Craft Spirits Association highlights that 87% of regular craft spirits drinkers desire the ability to purchase directly from producers, underscoring the potential benefits of DTC strategies.

First-party data collected from opt-ins, purchase history, preferences, and demographics, empowers brands to tailor their messaging and product recommendations to specific consumer segments, which can significantly boost sales conversion rates and customer lifetime value.

Brands are turning to subscription and club programs to secure recurring revenue and deepen customer loyalty. Programs often offer consumers exclusive access to curated selections, provide consistent revenue streams and reduce reliance on one-time purchases. 

Subscriptions enable CPG brands to anticipate demand, optimize inventory, and build predictable sales models. Club programs, often associated with premium perks, exclusive products, or early access to new releases, further engage consumers by creating a sense of community and exclusivity. This model is not only boosting revenue but also providing brands with critical insights into their most loyal customers' preferences, fueling sustainable growth.

Retention cost to get a customer to repurchase products via eCommerce varies across industries but typically falls between 15-25% of Customer Lifetime Value (CLV). For CPG brands, this may mean investing in incentives such as discounts, loyalty rewards, targeted email campaigns, and remarketing ads.

A study from Recurly suggests that, on average, retention marketing expenses can range from $7 to $10 per customer per month.

Guests that experience your brand through experiences are a captive audience with a new found emotional attachment to your brand. They are most inclined to make a retail purchase on site, visit your website after the experience and have a higher lifetime value. 

Selling directly to consumers creates multiple opportunities for brands:

  1. Bypass traditional retail channels
  2. Capture valuable data on customer preferences 
  3. Retain more control over the consumer experience 
  4. Educate and convert consumers into loyal brand Ambassadors that drive growth

The craft spirits industry is at a pivotal moment where understanding and capitalizing on customer relationships, data, and loyalty programs can significantly impact growth and sustainability. By prioritizing these elements, brands can navigate challenges and seize opportunities in a competitive marketplace.  

AnyRoad membership programs and bottle clubs offer exclusive benefits and foster a sense of community, encouraging repeat purchases and brand loyalty through experiences.

Step 1: Evaluate Your Scheduling Software Needs

Before researching online booking systems, evaluating your business needs is essential. After all, you don’t want to overspend on bells and whistles when you only need an online form. For newer events looking to scale, a more sophisticated system might be the goal but not the starting point.

Consider the type and size of your business, the nature of your services, and the volume of transactions you handle. For instance, if you run tours and tastings, you should look at solutions meant for high-volume enterprises that can include add-on shirts, beer steins, and more.

Scheduling Software Flowchart

We made a helpful flowchart to help you decide if you’re ready to invest fully in online bookings or look into a free scheduling app, like Google Forms, as a better starting point.

As someone trying to make smart investment decisions, you don’t want to buy a booking and ticketing solution that doesn’t meet your needs. Use our guided questions to determine where you are in your investment journey.

Booking System flowchart
Use the flow to gauge where you are on your journey!

2. Compare Booking Page Features and Pricing

Booking Page Features

Once you have a clear idea of your business needs, you can compare online booking systems that meet your criteria. Have a list of your most essential needs and what would be nice for you to have. Some features you should consider including on your list include:

  • Website integration
  • Branded booking page
  • Configurability to match your brand
  • Payment processing and add-on sales
  • Automated reminders
  • Automatic data analysis
  • Feedback collection and analysis
  1. Website integration
  2. Branded booking page
  3. Configurability to match your brand
  4. Payment processing and add-on sales
  5. Automated reminders
  6. Automatic data analysis
  7. Feedback collection and analysis

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