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Actual for You - To Be - (Customer-Focused) or Not to Be - What a Question
Promotional Items - Any Time is a Good TimeIf you are thinking of adding promotional items to the scope of your marketing techniques, congratulations. The statistics prove that promotional items increase the effectiveness of several aspects of any business. They can assist you in establishing your brand, enhancing brand identity, encouraging would-be clients to choose you over other competitors. They also have the power to generate fresh leads and raise the response rates for direct mail strategies. Furthermore, promotional products add to the success of trade shows and in the end facilitate customer loyalty.The next opportunity for you to invest in a promotional product campaign is just around the corner. Reflect on the following examples for inspiration on your next marketing strategy.• Build customer loyalty. Promotionals can help your clients establish positive associations about your company. Free products make an impression and increase the likelihood that people will return to your business. The studies show that most individuals will choose you over your competition after you have donated promotional products.• Reinforce your brand. Advertising frequently and demonstrating it equals visibility. The more exposure the public has to your brand, the more familiar people that you lose 20% of your customer base due to service defection, (if you are not truly customer-focused, it could be even higher), then based on the example above the annual cost to replace 20% of your customer base would be $62,500. Over five years this cost would be $312,500 and you would have turned over all your customers in that period. Can you think of any better uses for the $312,500? About 75% will do business again if the problem is resolved to their satisfaction. 90 to 95% will do business again if the problem is resolved on the spot. Since mistakes are guaranteed to happen, how you recover from these mistakes will significantly impact on whether the customer will do business with you again. It is important to note that research suggests that if you recover well, your customers will stay with you. The faster you recover, if you can resolve the issue “on the spot”, your customers will be impressed and in all likely-hood reward you with their continued business. Customers are willing to pay for quality service. In a series of polls we conducted last year with about 1000 course participants, we asked where would they would prefer to spend their money.Here’s what they said; Where would you prefer to spend your money? High Quality, Excellent Service, High Price 34% High Quality, Excellent Service, Low Price 36% Average Quality, Average Service, Average Price 2% Low Quality, Poor Service, Low Price 15% Non- A Career As A Massage TherapistWhen it comes to getting a great massage the most important step is always to seek out that massage therapist who has the ability to work magic on our bodies. The experience is different for everyone but, ultimately, if you find the therapist with whom you can be comfortable and relax – and who professionally and adeptly performs this strenuous work to your specific liking - than you have found the key to a really enjoyable massage.For the massage therapist, the process of a massage can be physically grueling work. Often, a therapist will not schedule more than a few massages per day as any more than that can be exhausting and result in less than optimum results for the client - and possible injury for the therapist A good massage therapist wants their last massage of the day to be just as good as their first; but it takes work to maintain this consistent level of quality. Therefore it's important for the therapist to be trained and skilled in massage of all varieties; as their experience in the industry grows their stamina will continue to increase.To begin a career in massage therapy, those interested in pursuing massage will attend an accredited school in order to learn the fundamentals of a variety of techniques. Such schools exist all over the This is the first in a series of short articles about understanding why customer focus is strategically important, what it means to be truly customer-focused and how to create or improve customer focus in your organization. This article presents a simple business case for the strategic importance of creating greater customer focus. Many excerpts are taken from the book, That’s Customer Focus! We hope you find in interesting and helpful.Most of you will probably recognize this soliloquy from Shakespeare’s Hamlet To be, or not to be: that is the question:Whether 'tis nobler in the mind to suffer the slings and arrows of outrageous fortune, Or to take arms against a sea of troubles, And by opposing end them? To die: to sleep; No more; and by a sleep to say we end The heart-ache and the thousand natural shocks That flesh is heir to, 'tis a consummation Devoutly to be wish'd. To die, to sleep; To sleep: perchance to dream: ay, there's the rub; A popular interpretation of the speech suggests that it is a debate on suicide. Hamlet considers the attractions of death (not to be), which he refers “to a sleep”, over life (to be), where pain seems unavoidable. But in the end he decides that; his fear of possible suffering in the afterlife as opposed to the known evil that is life stops him from actively ending his existence.What has this got to do with Customer Focus? Based on the unacceptably high levels of poor or mediocre customer service, prevalent across North America and other parts of the globe, it appears that many companies seem to favor “not to be”. The evidence we have to support this view surrounds us. Everyone of you, that has taken the time to read this article, for which we thank you, has undoubtedly experienced poor or mediocre service personally if not today, than very recently. If you will allow me a little poetic license, with the first few lines of Hamlet’s immortal speech; To be Customer-Focused, or not to be Customer Focused that is the question:Whether it ‘tis better to do what is necessary to reap the benefits of being truly customer-focused Or maintain the status quo and do nothing but continue to handle customer complaints, put up with customer churn and operational inefficiencies And by doing nothing? Commit long-term corporate suicide... Customer Focus Is Not an Option!Everywhere you turn, Corporate Head Offices extol the virtues of service but when it come down to it, most of the time they are really paying accelerated lip service to this the importance of service. This is very curious, particularly when you consider the number-one reason why that small number of service leaders, you know, those few companies where the service is almost always really great, consider customer service a.k.a. customer focus to be a critical business strategy. What is the Number 1 reason you ask? Customer Focus is a Profit Strategy! This happens in a couple of ways. Truly customer-focused companies have loyal customers. Loyal Customers: - buy more,
- cost less to serve because they know your processes,
- tell you when things go wrong so you can fix the problems and
- tell their friends, family and associates about how great you are and as a result you get more customers.
Also, customer-focused companies are more productive. Employees are motivated, and perform their jobs more effectively. Re-work, duplication of effort and mistakes are significantly reduced. These all cost you money in terms of time spent, money spent, loss of productivity and loss of business. Your turnover also reduces so you keep your staff longer and don’t experience down-time, productivity losses and employee morale related issues. If you are still not convinced, consider the following:. - It’s 5 times more expensive to attract a new customer than to keep an existing one.
- About 75% will do business again if the problem is resolved to their satisfaction.
- 90 to 95% will do business again if the problem is resolved on the spot.
- Customers are willing to pay for quality service.
- An increase in customer loyalty will have a direct positive impact on your bottom line.
- The cost of poor service has a direct, negative impact on your bottom line.
Let’s examine these points in more detail. It’s 5 times more expensive to attract a new customer than to keep an existing one. It is safe to say that it is far more profitable and far less costly to keep the customers you have by building their loyalty, than it is to keep replacing them with new customers.Determining what it costs to acquire customers is a bit intangible for most people. As you can imagine, at lot goes into getting customers to walk into your place of business or call you. Advertising, merchandising, promotions, premises expense, phone systems, salaries and so on are costs associated in part with getting customers. Someone has to pay for this. Normally payment comes through the proceeds of revenue you get from the sales of your products and services. Sometimes we tend to take this for granted. Say for example, the cost to your company to acquire a customer was $500.00. If you lose that customer your investment of $500.00 is gone. What is of greater concern is that the cost to replace that one customer is now $2,500.00 (5 X $500.00). What is you lose 100 customers? That’s got to hurt your business! Research has proven that once you have a customer, your cost of keeping him/her drops dramatically over time. When you lose a customer you will inevitably incur a higher cost to replace the one you lost. Assuming your cost to acquire a customer is $250 and based on the fact that it is 5 times more expensive to acquire a new one, your new customer acquisition cost would be $1,250 for each new customer required to replace one that defected. Let’s be ultra conservation and say that you lose 20% of your customer base due to service defection, (if you are not truly customer-focused, it could be even higher), then based on the example above the annual cost to replace 20% of your customer base would be $62,500. Over five years this cost would be $312,500 and you would have turned over all your customers in that period. Can you think of any better uses for the $312,500? About 75% will do business again if the problem is resolved to their satisfaction. 90 to 95% will do business again if the problem is resolved on the spot. Since mistakes are guaranteed to happen, how you recover from these mistakes will significantly impact on whether the customer will do business with you again. It is important to note that research suggests that if you recover well, your customers will stay with you. The faster you recover, if you can resolve the issue “on the spot”, your customers will be impressed and in all likely-hood reward you with their continued business. Customers are willing to pay for quality service. In a series of polls we conducted last year with about 1000 course participants, we asked where would they would prefer to spend their money.Here’s what they said; Where would you prefer to spend your money? High Quality, Excellent Service, High Price 34% High Quality, Excellent Service, Low Price 36% Average Quality, Average Service, Average Price 2% Low Quality, Poor Service, Low Price 15% Non-c Distance Learning: A Recommended Study RouteDistance Learning offers a great alternative to traditional forms of education whereby a student is expected to attend a college or university on a regular basis in order to gain their Diploma, Bachelors or PHd degree with regard to improving their qualifications and career prospects. For instance, distance education provides someone with the convenience of being able to study for distance education Master Degrees online or gaining a PHd education distance online from the comfort of their own home, whilst also being able to maintain a family life alongside study requirements.There are now many accredited online education colleges and universities distance learning locations online where a person can gain information about their choice of suitable courses.At one time, a person who was interested in gaining a better education and career would find it difficult to find the right balance between studying and keeping up with the important duties of looking after the home and going out to work to earn a living.Well, the great thing about distance learning is in its flexibility to eliminate many of the traditional hindrances of career and educational progress, such as the need to travel to the nearest college or university or perhaps having to cont bly high levels of poor or mediocre customer service, prevalent across North America and other parts of the globe, it appears that many companies seem to favor “not to be”. The evidence we have to support this view surrounds us. Everyone of you, that has taken the time to read this article, for which we thank you, has undoubtedly experienced poor or mediocre service personally if not today, than very recently.If you will allow me a little poetic license, with the first few lines of Hamlet’s immortal speech; To be Customer-Focused, or not to be Customer Focused that is the question:Whether it ‘tis better to do what is necessary to reap the benefits of being truly customer-focused Or maintain the status quo and do nothing but continue to handle customer complaints, put up with customer churn and operational inefficiencies And by doing nothing? Commit long-term corporate suicide... Customer Focus Is Not an Option!Everywhere you turn, Corporate Head Offices extol the virtues of service but when it come down to it, most of the time they are really paying accelerated lip service to this the importance of service. This is very curious, particularly when you consider the number-one reason why that small number of service leaders, you know, those few companies where the service is almost always really great, consider customer service a.k.a. customer focus to be a critical business strategy. What is the Number 1 reason you ask? Customer Focus is a Profit Strategy! This happens in a couple of ways. Truly customer-focused companies have loyal customers. Loyal Customers: - buy more,
- cost less to serve because they know your processes,
- tell you when things go wrong so you can fix the problems and
- tell their friends, family and associates about how great you are and as a result you get more customers.
Also, customer-focused companies are more productive. Employees are motivated, and perform their jobs more effectively. Re-work, duplication of effort and mistakes are significantly reduced. These all cost you money in terms of time spent, money spent, loss of productivity and loss of business. Your turnover also reduces so you keep your staff longer and don’t experience down-time, productivity losses and employee morale related issues. If you are still not convinced, consider the following:. - It’s 5 times more expensive to attract a new customer than to keep an existing one.
- About 75% will do business again if the problem is resolved to their satisfaction.
- 90 to 95% will do business again if the problem is resolved on the spot.
- Customers are willing to pay for quality service.
- An increase in customer loyalty will have a direct positive impact on your bottom line.
- The cost of poor service has a direct, negative impact on your bottom line.
Let’s examine these points in more detail. It’s 5 times more expensive to attract a new customer than to keep an existing one. It is safe to say that it is far more profitable and far less costly to keep the customers you have by building their loyalty, than it is to keep replacing them with new customers.Determining what it costs to acquire customers is a bit intangible for most people. As you can imagine, at lot goes into getting customers to walk into your place of business or call you. Advertising, merchandising, promotions, premises expense, phone systems, salaries and so on are costs associated in part with getting customers. Someone has to pay for this. Normally payment comes through the proceeds of revenue you get from the sales of your products and services. Sometimes we tend to take this for granted. Say for example, the cost to your company to acquire a customer was $500.00. If you lose that customer your investment of $500.00 is gone. What is of greater concern is that the cost to replace that one customer is now $2,500.00 (5 X $500.00). What is you lose 100 customers? That’s got to hurt your business! Research has proven that once you have a customer, your cost of keeping him/her drops dramatically over time. When you lose a customer you will inevitably incur a higher cost to replace the one you lost. Assuming your cost to acquire a customer is $250 and based on the fact that it is 5 times more expensive to acquire a new one, your new customer acquisition cost would be $1,250 for each new customer required to replace one that defected. Let’s be ultra conservation and say that you lose 20% of your customer base due to service defection, (if you are not truly customer-focused, it could be even higher), then based on the example above the annual cost to replace 20% of your customer base would be $62,500. Over five years this cost would be $312,500 and you would have turned over all your customers in that period. Can you think of any better uses for the $312,500? About 75% will do business again if the problem is resolved to their satisfaction. 90 to 95% will do business again if the problem is resolved on the spot. Since mistakes are guaranteed to happen, how you recover from these mistakes will significantly impact on whether the customer will do business with you again. It is important to note that research suggests that if you recover well, your customers will stay with you. The faster you recover, if you can resolve the issue “on the spot”, your customers will be impressed and in all likely-hood reward you with their continued business. Customers are willing to pay for quality service. In a series of polls we conducted last year with about 1000 course participants, we asked where would they would prefer to spend their money.Here’s what they said; Where would you prefer to spend your money? High Quality, Excellent Service, High Price 34% High Quality, Excellent Service, Low Price 36% Average Quality, Average Service, Average Price 2% Low Quality, Poor Service, Low Price 15% Non- You Have Found The Perfect Job-Now Follow Up Part 2In part one I wrote about ways to follow up after an interview. Keep in mind that following up after an interview will assure the employer that you have an interest in the job and they will be more likely to take the next step if they fill that you are a potential candidate and their chances of you taking the job are high. Employers do not want to waste time interviewing people who have no interest in taking the job.Here are some additional tips on following up:Follow up with a phone call and thank them for giving you the opportunity to meet with them about their job opening. If you have an interest in the position let them know and again mention something that you remember during the interview that you liked about the job or the company.Use email as a source to follow up. If it has been a couple days since you have heard from them send them an email and ask what the next step is. Asking the next step should be asked during the interview, an email reiterates that you have an interest in the job and you wanted to make sure you knew what to expect.One way that you can set yourself apart is to use a fax. Everybody today will use email as instant communication but most people have forgotten or fail to use the fax machine. Fax the employee ofit Strategy!This happens in a couple of ways. Truly customer-focused companies have loyal customers. Loyal Customers: - buy more,
- cost less to serve because they know your processes,
- tell you when things go wrong so you can fix the problems and
- tell their friends, family and associates about how great you are and as a result you get more customers.
Also, customer-focused companies are more productive. Employees are motivated, and perform their jobs more effectively. Re-work, duplication of effort and mistakes are significantly reduced. These all cost you money in terms of time spent, money spent, loss of productivity and loss of business. Your turnover also reduces so you keep your staff longer and don’t experience down-time, productivity losses and employee morale related issues. If you are still not convinced, consider the following:. - It’s 5 times more expensive to attract a new customer than to keep an existing one.
- About 75% will do business again if the problem is resolved to their satisfaction.
- 90 to 95% will do business again if the problem is resolved on the spot.
- Customers are willing to pay for quality service.
- An increase in customer loyalty will have a direct positive impact on your bottom line.
- The cost of poor service has a direct, negative impact on your bottom line.
Let’s examine these points in more detail. It’s 5 times more expensive to attract a new customer than to keep an existing one. It is safe to say that it is far more profitable and far less costly to keep the customers you have by building their loyalty, than it is to keep replacing them with new customers.Determining what it costs to acquire customers is a bit intangible for most people. As you can imagine, at lot goes into getting customers to walk into your place of business or call you. Advertising, merchandising, promotions, premises expense, phone systems, salaries and so on are costs associated in part with getting customers. Someone has to pay for this. Normally payment comes through the proceeds of revenue you get from the sales of your products and services. Sometimes we tend to take this for granted. Say for example, the cost to your company to acquire a customer was $500.00. If you lose that customer your investment of $500.00 is gone. What is of greater concern is that the cost to replace that one customer is now $2,500.00 (5 X $500.00). What is you lose 100 customers? That’s got to hurt your business! Research has proven that once you have a customer, your cost of keeping him/her drops dramatically over time. When you lose a customer you will inevitably incur a higher cost to replace the one you lost. Assuming your cost to acquire a customer is $250 and based on the fact that it is 5 times more expensive to acquire a new one, your new customer acquisition cost would be $1,250 for each new customer required to replace one that defected. Let’s be ultra conservation and say that you lose 20% of your customer base due to service defection, (if you are not truly customer-focused, it could be even higher), then based on the example above the annual cost to replace 20% of your customer base would be $62,500. Over five years this cost would be $312,500 and you would have turned over all your customers in that period. Can you think of any better uses for the $312,500? About 75% will do business again if the problem is resolved to their satisfaction. 90 to 95% will do business again if the problem is resolved on the spot. Since mistakes are guaranteed to happen, how you recover from these mistakes will significantly impact on whether the customer will do business with you again. It is important to note that research suggests that if you recover well, your customers will stay with you. The faster you recover, if you can resolve the issue “on the spot”, your customers will be impressed and in all likely-hood reward you with their continued business. Customers are willing to pay for quality service. In a series of polls we conducted last year with about 1000 course participants, we asked where would they would prefer to spend their money.Here’s what they said; Where would you prefer to spend your money? High Quality, Excellent Service, High Price 34% High Quality, Excellent Service, Low Price 36% Average Quality, Average Service, Average Price 2% Low Quality, Poor Service, Low Price 15% Non- How To Increase Targeted Traffic To Your Website Using SafelistsOpt-in email safelists are one of the best Internet marketing strategies for getting your product or service immediately in front of many thousands of people. In this article, I will show you how you can successfully work with them.Benefits of Opt-in Safelists
1. Email to thousands - this can be done with free safe lists or paid safe lists. Even if you only get a 1% response from thousands, this will equate to more traffic and sales to your site.2. It’s immediate – you can instantly send your ad and receive an immediate response from those interested. With ezine ads, you often have to wait for days or weeks before your ad is displayed.3. Test your product or service – safelists are a good place to begin testing your ad, before you spend a lot of money on other advertising methods.4. Track your ads – track those ads that pull the best. (Some safelists incorporate tracking in their subscriptions). You can then use these same ads repeatedly in other forms of advertising. The key is to have a great headline, because users will be scanning them for what catches their eye.5. Low cost way of email marketing – this is a much faster, less expensive way to market than offline marketing. You can reach many more people in a shorter space to attract a new customer than to keep an existing one. It is safe to say that it is far more profitable and far less costly to keep the customers you have by building their loyalty, than it is to keep replacing them with new customers.Determining what it costs to acquire customers is a bit intangible for most people. As you can imagine, at lot goes into getting customers to walk into your place of business or call you. Advertising, merchandising, promotions, premises expense, phone systems, salaries and so on are costs associated in part with getting customers. Someone has to pay for this. Normally payment comes through the proceeds of revenue you get from the sales of your products and services. Sometimes we tend to take this for granted. Say for example, the cost to your company to acquire a customer was $500.00. If you lose that customer your investment of $500.00 is gone. What is of greater concern is that the cost to replace that one customer is now $2,500.00 (5 X $500.00). What is you lose 100 customers? That’s got to hurt your business! Research has proven that once you have a customer, your cost of keeping him/her drops dramatically over time. When you lose a customer you will inevitably incur a higher cost to replace the one you lost. Assuming your cost to acquire a customer is $250 and based on the fact that it is 5 times more expensive to acquire a new one, your new customer acquisition cost would be $1,250 for each new customer required to replace one that defected. Let’s be ultra conservation and say that you lose 20% of your customer base due to service defection, (if you are not truly customer-focused, it could be even higher), then based on the example above the annual cost to replace 20% of your customer base would be $62,500. Over five years this cost would be $312,500 and you would have turned over all your customers in that period. Can you think of any better uses for the $312,500? About 75% will do business again if the problem is resolved to their satisfaction. 90 to 95% will do business again if the problem is resolved on the spot. Since mistakes are guaranteed to happen, how you recover from these mistakes will significantly impact on whether the customer will do business with you again. It is important to note that research suggests that if you recover well, your customers will stay with you. The faster you recover, if you can resolve the issue “on the spot”, your customers will be impressed and in all likely-hood reward you with their continued business. Customers are willing to pay for quality service. In a series of polls we conducted last year with about 1000 course participants, we asked where would they would prefer to spend their money.Here’s what they said; Where would you prefer to spend your money? High Quality, Excellent Service, High Price 34% High Quality, Excellent Service, Low Price 36% Average Quality, Average Service, Average Price 2% Low Quality, Poor Service, Low Price 15% Non- Emotional Job SearchWhile most people would agree that losing a job is devastating, the actual dealing with job loss is more difficult and affects more areas of one’s life than you may imagine.Due to economic challenges, foreign competition and restructuring, companies have streamlined, downsized and right sized. While some businesses deserve kudos, many companies haven’t been very sensitive to the impact of this change to the dispensable employee.According to Dr. Elizabeth Kubler-Ross, a predictable sequence of feelings from job loss may include:· Denial – “This can’t be happening to me”…or “So what!...It’s no big deal!”· Bargaining – “Maybe if I do this…..”· Anger – “It’s all their fault…I hate those people!” When we blame others we have a tendency to be angry.· Depression – When we blame ourselves, we tend to become depressed. “Why didn’t I see it coming?” If only I had kept my mouth shut.” “I should have majored in something else!”· Acceptance – We accept the situation as it is, accept ourselves and learn from the experience. We see a light at the end of the tunnel, are able to move away from the earlier stages and move forward.What can I do during this process? Listed below are some sugge that you lose 20% of your customer base due to service defection, (if you are not truly customer-focused, it could be even higher), then based on the example above the annual cost to replace 20% of your customer base would be $62,500. Over five years this cost would be $312,500 and you would have turned over all your customers in that period. Can you think of any better uses for the $312,500? About 75% will do business again if the problem is resolved to their satisfaction. 90 to 95% will do business again if the problem is resolved on the spot. Since mistakes are guaranteed to happen, how you recover from these mistakes will significantly impact on whether the customer will do business with you again. It is important to note that research suggests that if you recover well, your customers will stay with you. The faster you recover, if you can resolve the issue “on the spot”, your customers will be impressed and in all likely-hood reward you with their continued business. Customers are willing to pay for quality service. In a series of polls we conducted last year with about 1000 course participants, we asked where would they would prefer to spend their money.Here’s what they said; Where would you prefer to spend your money? High Quality, Excellent Service, High Price 34% High Quality, Excellent Service, Low Price 36% Average Quality, Average Service, Average Price 2% Low Quality, Poor Service, Low Price 15% Non-committed 13% These results compare very favorably with research we have reviewed that suggests that the vast majority -70%, of customers are willing to pay for high quality service. Obviously price is a variable, but service is a constant. An increase in customer loyalty will have a direct positive impact on your bottom line. Harvard Business Review conducted research which reveals that a 5% increase in customer loyalty can result in a return of 25% to 125% directly to the bottom line depending on your industry. It is safe to assume that investing time and resources to retain even a small number of your clients would pay for itself. You can do the math. Be conservative and take your gross profit and increase it by 25%. The cost of poor service has a direct, negative impact on your bottom line. Consider the time and expense associated with fixing problems, dealing with customer concerns, replacing product, re-working reports, and so on. Research from TARP (Technical Assistance Research Programs) indicates that, based on your industry, the cost can be significant.The Cost of Poor Quality Service Manufacturing Industry 20% - 25% of sales revenue Service Industry 30% - 35% of overhead costs Pick one of these two and do the calculation. Wouldn’t you like to have this as profit, rather than as an expense? To quote our friend Hamlet once again To sleep: perchance to dream: ay, there's the rub;
In today’s highly competitive market place we really cannot afford to take the easy way out. Creating customer focus takes commitment, at all levels of your organization, a comprehensive strategy which targets leveraged actions which will positively impact customer perception, and the will, fortitude and financial support to make the changes necessary to be truly Customer-Focused. Your customers will reward you if you choose to become a truly customer-focused organization.
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