This summer the recession is set to continue but there are a number of factors which will help certain businesses do well during this period. Tapping into these and understanding how to make the most of valuable consumers will be the key to a successful summer. Some of the elements that could help British businesses do well this summer include:

The good weather

Early predictions have told us that we should have a hot summer in Britain this year. Although the forecasts are not completely reliable, we have been blessed so far with the sunny weather.

Chief Meteorologist at the Met Office, Ewen McCallum, said: “After two disappointingly-wet summers, the signs are much more promising this year. We can expect times when temperatures will be above 30 °C, something we hardly saw at all last year.”

Not only does the good weather put Brits in a good mood but it means that they become valuable consumers as they spend money on their gardens, barbeques, days out, nice food for picnics etc. These are all important for British Businesses to have a successful summer.

Ian Cheshire, Group Chief Executive of Kingfisher plc, said: “We have made a good start to the year, boosted by better weather and a later Easter.  B&Q in particular capitalised well on this increased demand, growing its market share and doubling its retail profit.”

Less people are going abroad for summer holidays

Despite the rise in the amount of budget airlines and cheap package deals over the last couple of decades, a foreign holiday is still considered a treat. In the last year a lot of people have been looking for ways in which to cut back and they have been realising the easiest way to do this is by forgoing luxuries and treats. This has largely been bad for British businesses but the reduction in the amount of people taking a foreign holiday could be a blessing for a lot of others. When Brits stay at home for the summer they are valuable consumers.

RAC revealed that nearly two-thirds of those that holidayed abroad last year are staying put this year and short distance travel plans are up 33% on 2008.

The Caravan Club has noticed a positive change this year reporting that advanced bookings for 2009 are up by 40% on 2008.

More people visiting Britain

The weak pound may mean that we don’t get much for our money in Europe, but this works both ways. Can we expect people from other European countries to flock to Britain for a cheap holiday? For them it’s possibly the best time to visit the UK, at a time when they’ll get more for their Euro. If this proves to be true Britain will get a new group of valuable consumers.

Interest rates at an all-time low

This has an effect on the amount of disposable income people have. For those on a tracker mortgage the interest rate drop will not have just eased the financial pressures on them, but could well have released another pocket of disposable income. Brits are being cautious with their money but with savings rates also low it’s not as appealing to save any spare money either.

It is important to make sure that the British people who are spending money in the UK do so with your business and one way to do this is by marketing your brand through a loyalty and membership programme. The Rocket marketing group develop loyalty and membership programmes, offering members discounts from a range of companies offering everything from shopping to leisure. It is completely free for companies to feature in the loyalty and reward programmes when they offer an exclusive discount to members. Across all the clubs Rocket has over 120,000 full active members nationwide. Therefore this makes it a powerful marketing tool for British Businesses. Loyalty and membership programmes target those in the UK who are looking to spend money on a good deal. Targeting these consumers could make this a successful summer for your British Business.

Contact Us if you would like to discuss how a loyalty and membership programme can work with your business to encourage consumers to use your products/ services, and help you have a successful summer.

In some ways business is no different to other areas of life. When times are hard even the fiercest of rivals have to come together to defeat a common enemy. In football, players who compete against each other on a weekly basis will come together to represent their country; pop stars will share the limelight with other bands on a TV show to encourage people to buy music. It’s also the theme of numerous films, but in reality it can actually work well. With the state consumer confidence and the economy is in, businesses that offer products and services to the public should maybe look at ways to rally. The need to increase consumer confidence and push consumers to spend is a shared interest; so supporting each other by working towards this goal is a powerful marketing proposition.

External influences can also help and the government has introduced measures to boost consumer confidence and push consumers to spend their money. The measures include lowering repayments on tracker mortgages by continually reducing interest rates, introducing schemes which help people to get on the first rung of the property ladder and bolstering the banks in an attempt to encourage them to start lending again. With these measures and many others in place worldwide the economy and consumer confidence is starting to show glimmers of an upturn, but how can businesses further encourage the increase in consumer confidence and push consumers to spend more money?

In the coastal town of Rye, a lot of businesses decided to come together and make it known that they accept Euros in their establishments and this has proved to be very beneficial. The success of this scheme has made the national news this week, proving that in this instance pulling together seems to have worked.

Mr Holman of the town’s Chamber of Commerce said that using the Euro had so far proved more successful, “than we ever dreamt of.”

Another example of businesses rallying for a common goal is in the East Sussex town of Lewes, where they have united to design and print their own currency - the Lewes Pound. This initiative aims to encourage locals to spend their money locally.

In larger towns and cities shopping centres are possibly the most visible example on the high street of businesses coming together to give consumers a one stop shop for a range of goods/ services, pushing consumers to spend their money in one place. The shopping centres often offer car parking/ crèches etc and advertise/ promote what they collectively offer customers.

This is also the aim of loyalty and membership programmes which promote a range of businesses along side each other. Businesses can offer an exclusive discount to members and feature in a guide which is set up, managed and promoted by a third party. Alternatively businesses can sell the loyalty and membership programmes as a bespoke club to existing customers, providing them with a full service of products.

The Rocket Marketing Group currently operates 5 loyalty and membership programmes covering many areas including Travel, Lifestyle, Shopping, Entertainment and Motoring.

Contact Us if you would like to discuss what a Rocket Marketing Group loyalty and membership programme can do for your business.

The British Bankers’ Association reported that the amount banks lending to small businesses rose by 239 million in January, proving that small businesses can still emerge and grow despite the current economic climate. In some instances small and medium sized companies are actually better equipped to deal with harsher times as they can be more streamlined, determined and focused on consumers needs. But are there things that small businesses can do to optimise these advantages and boost consumer confidence?

Commenting on this data, BBA statistics director, David Dooks, said: “There have been net rises in term lending to small businesses each month since last autumn, albeit at levels below last year’s monthly average, reflecting subdued business investment in the economic downturn. At the end of last year, the outstanding level of term lending was some 9 per cent higher than a year earlier. The many small businesses that don’t borrow are drawing on cash reserves to fund current cash-flow needs, such as January’s tax payments. Despite the recession, people are still embarking on new business ventures, as shown by the number of new start-up relationships in early 2009 being in line with last years average.”

There’s always room for small to medium sized businesses to flourish in the current economic climate because of the unique relationships they can foster with their customers. It is so important to get the small details right and build mutually respectful relationships with consumers, as it’s far easier to adapt to individual needs and build brand trust and consumer confidence at a grass roots level. But businesses that rely on reputation and word of mouth can’t afford to make mistakes. So it’s particularly important during the current economic climate to give customers what they need and make sure that their recommendations become an effective form of free marketing. This is something that has become increasingly important and recognised by all businesses, whatever their size.

In its latest quarterly referendum survey, members of the Forum of Private Businesses voted for restoring business confidence (65%) and restoring consumer confidence (63%) as the two issues they most want the Government to prioritise in the 2009 Budget in order to support their businesses.

For smaller businesses, finding ways to reward customers is particularly important when trying to develop and enhance consumer confidence during the current economic climate and that’s why The Rocket Marketing Group offers a number of reward programmes including The Midweek Dining Club, The Home & Garden Club, The Big Savings Club and The Entertainment Club. These are particularly good for small and medium sized businesses to be involved with, as they offer free marketing on a national scale to an ever growing customer base of 300,000 people. All our partners have to do to receive this free marketing, is offer an exclusive discount to our members. It is a way of giving customers something back for remaining loyal to the brand.

The Rocket Marketing Group’s range of reward programmes are also available to be sold to a business’ existing customer base. We currently work with clients such as JML who generate commission by selling a range of clubs to their customers. This gives JML incremental revenue and gives the customers a wider range of products and services at a reduced rate, which they associate with JML, making it more of a one stop shop for consumers’ needs.