This week’s Dumb Marketing Move goes to Speedy Lube.
“Marketing is all the exhilarating big things and all the troublesome little things that must be done in every nook and cranny of the entire organization.” – Theodore Levitt, The Marketing Mode 1969.
Speedy Lube did a great job; they placed their coupons on windshields of all the cars parked within 5 blocks of their shop. Great idea but after examining their coupon I noticed the expiration date, 12/31/2010. I got this in January of 2010. Coupons are handed out to generate sales quickly, and to also create brand awareness. With an entire year to use these coupons, I’m going to forget about it and never redeem this coupon, or worse, never visit the store or in this case the mechanics.
Lesson Learned: When creating a coupon, don’t overlook the expiration date. For a retail store, use a month for a good expiration date. For a mechanic, use a 3 month expiration date for savings on an oil change, since it is recommended to get one every three months. For the bigger repairs, think about a longer lead but the main thing is, get customers in the door. Also, think about the small items; offer something like $1 off of motor oil. Just don’t forget to create a sense of urgency!